Loader
Latest News
HR1490: 504 Modernization and Small Manufacturer Enhancement Act of 2021
20183
wp-singular,page-template-default,page,page-id-20183,wp-theme-bridge,bridge-core-3.3.4.8,qode-optimizer-1.2.2,qode-page-transition-enabled,ajax_fade,page_not_loaded,,qode_grid_1400,side_menu_slide_from_right,qode-theme-ver-30.8.8.8,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-8.7.3,vc_responsive
 
HR1490
504 Modernization and Small Manufacturer Enhancement Act of 2021

1
Roll Calls
275
Yea (latest vote)
9
Nay (latest vote)
House
2021-04-15 – 2021-04-15

About HR1490

504 Modernization and Small Manufacturer Enhancement Act of 2021

Policy Area: Commerce

Sponsor: Rep. Craig, Angie [D-MN-2] (D-MN)

Latest Action (2021-04-19): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization. Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project. For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers.

Subjects: Administrative remedies, Bank accounts, deposits, capital, Business records, Congressional oversight, Debt collection, Economic development, Employment and training programs, Energy efficiency and conservation

Who Voted How on HR1490

Filter by Yea, Nay, or Absent

Vote Breakdown — HR1490

How members voted on HR1490. 289 total positions across all roll calls for this bill.

Member Date Question Vote Result
Robert B. Aderholt (R-Alabama) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Jake Auchincloss (D-Massachusetts) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Mark E. Amodei (R-Nevada) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Alma S. Adams (D-North Carolina) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Pete Aguilar (D-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Rick W. Allen (R-Georgia) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Jodey C. Arrington (R-Texas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Sanford D. Bishop (D-Georgia) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Cliff Bentz (R-Oregon) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Stephanie I. Bice (R-Oklahoma) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Lauren Boebert (R-Colorado) 2021-04-15 2/3 Yea-And-Nay Nay Passed
Gus M. Bilirakis (R-Florida) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Vern Buchanan (R-Florida) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Suzanne Bonamici (D-Oregon) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Joyce Beatty (D-Ohio) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Andy Barr (R-Kentucky) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Julia Brownley (D-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Ami Bera (D-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Brian Babin (R-Texas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Donald S. Beyer (D-Virginia) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Mike Bost (R-Illinois) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Brendan F. Boyle (D-Pennsylvania) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Don Bacon (R-Nebraska) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Jim Banks (R-Indiana) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Nanette Diaz Barragán (D-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Jack Bergman (R-Michigan) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Andy Biggs (R-Arizona) 2021-04-15 2/3 Yea-And-Nay Nay Passed
Lisa Blunt Rochester (D-Delaware) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Ted Budd (R-North Carolina) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Troy Balderson (R-Ohio) 2021-04-15 2/3 Yea-And-Nay Yea Passed
James R. Baird (R-Indiana) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Tim Burchett (R-Tennessee) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Ken Calvert (R-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
James E. Clyburn (D-South Carolina) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Kat Cammack (R-Florida) 2021-04-15 2/3 Yea-And-Nay Yea Passed
John R. Carter (R-Texas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Tom Cole (R-Oklahoma) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Ed Case (D-Hawaii) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Jim Costa (D-California) 2021-04-15 2/3 Yea-And-Nay Not Voting Passed
Emanuel Cleaver (D-Missouri) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Henry Cuellar (D-Texas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Kathy Castor (D-Florida) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Yvette D. Clarke (D-New York) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Steve Cohen (D-Tennessee) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Joe Courtney (D-Connecticut) 2021-04-15 2/3 Yea-And-Nay Yea Passed
André Carson (D-Indiana) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Judy Chu (D-California) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Eric A. "Rick" Crawford (R-Arkansas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Joaquin Castro (D-Texas) 2021-04-15 2/3 Yea-And-Nay Yea Passed
Katherine M. Clark (D-Massachusetts) 2021-04-15 2/3 Yea-And-Nay Yea Passed

Showing 50 of 289 positions. JavaScript-enabled view supports filter by Yea/Nay/Absent and pagination.

Interactive features require JavaScript. Static data shown above.

Other Contested Bills

Interactive features require JavaScript. Static data shown above.

Frequently Asked

What is HR1490?

HR1490 is the 504 Modernization and Small Manufacturer Enhancement Act of 2021, introduced in the House of the 119th U.S. Congress by Rep. Craig, Angie [D-MN-2] (D-MN). 504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization. Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance.

Who sponsored HR1490?

HR1490 was sponsored by Rep. Craig, Angie [D-MN-2] (D-MN). Cosponsors and roll-call positions are listed on this page.

What is the current status of HR1490?

As of 2021-04-19, HR1490 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship..

How did Congress vote on HR1490?

HR1490 has had 1 roll-call vote on record. The most recent: 2021-04-15 — 2/3 Yea-And-Nay (Passed).

What policy area does HR1490 cover?

HR1490 is categorized under "Commerce." Browse other bills in this area at /topic-commerce/.

Where can I see all member positions on HR1490?

Each member’s vote is shown on this page, with party affiliation, state, and the official vote question. Click any member to see their full voting record.