119-hr3174

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3174 Reported in House

    (RH) ]

<DOC>

 Union Calendar No. 182
119th CONGRESS
 1st Session
 H. R. 3174

 [Report No. 119-224]

To increase loan limits for loans made to small manufacturers, and for 
 other purposes.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 May 1, 2025

Mr. Williams of Texas introduced the following bill; which was referred 
 to the Committee on Small Business

 August 15, 2025

 Additional sponsors: Mr. Meuser, Mr. Moran, Mr. Goldman of Texas, Mr. 
 Wied, Mr. Downing, Mr. Finstad, Mr. Ellzey, Mr. Jack, Mr. LaLota, Ms. 
 King-Hinds, Ms. Van Duyne, and Mr. Schmidt

 August 15, 2025

 Reported with an amendment, committed to the Committee of the Whole 
 House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
 in italic]
[For text of introduced bill, see copy of bill as introduced on May 1, 
 2025]

_______________________________________________________________________

 A BILL

To increase loan limits for loans made to small manufacturers, and for 
 other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Made in America Manufacturing 
Finance Act''.

SEC. 2. DEFINITIONS.

 

Section 3 of the Small Business Act (15 U.S.C. 632) is amended by 
adding at the end the following:
 ``

    (gg) Small Manufacturer.--The term `small manufacturer' means a 
small business concern--
 ``

    (1) the primary business of which is classified in sector 
 31, 32, or 33 of the North American Industrial Classification 
 System; and
 ``

    (2) all of the production facilities of which are located 
 in the United States.''.

SEC. 3. SMALL BUSINESS ACT LOAN LIMITS FOR SMALL MANUFACTURERS.

 

Section 7

    (a) of the Small Business Act (15 U.S.C. 636

    (a) ) is 
amended--

    (1) in paragraph

    (3) --
        (A) in subparagraph
        (A) --
            (i) by inserting ``except as provided in 
 subparagraph
        (B) ,'' before ``if the total'';
            (ii) by striking ``would exceed 
 $3,750,000'' and inserting the following: 
 ``would exceed--
 ``
            (i) $3,750,000'';
            (iii) in clause
            (i) , as so designated, by 
 striking ``, except as provided in subparagraph
        (B) ;'' and inserting ``; or''; and
            (iv) by adding at the end the following:
 ``
            (ii) in the case of a borrower that is a 
 small manufacturer, $7,500,000 (or if the gross 
 loan amount would exceed $10,000,000);''; and
        (B) in subparagraph
        (B) --
            (i) by striking ``would exceed $4,500,000'' 
 and inserting the following: ``would exceed--
 ``
            (i) $4,500,000'';
            (ii) in clause
            (i) , as so designated, by 
 striking ``

section 7

    (a)

    (14) for export 
 purposes; and'' and inserting ``paragraph

    (14) for export purposes; or''; and
            (iii) by adding at the end the following:
 ``
            (ii) in the case of a borrower that is a 
 small manufacturer, $9,000,000 (or if the gross 
 loan amount would exceed $10,000,000), of which 
 not more than $8,000,000 may be used for 
 working capital, supplies, or financings under 
 paragraph

    (14) for export purposes; and''; and

    (2) in paragraph

    (14)
        (B)
            (i) , by striking ``than 
 $5,000,000.'' and inserting the following: ``than--
 ``
            (I) except as provided in 
 subclause
            (II) , $5,000,000; or
 ``
            (II) in the case of a loan made 
 to a small manufacturer, 
 $10,000,000.''.

SEC. 4. SMALL BUSINESS INVESTMENT ACT OF 1958 LOAN LIMITS FOR SMALL 
 MANUFACTURERS.

 

Section 502

    (2)
        (A)
            (iii) of the Small Business Investment Act of 1958 
(15 U.S.C. 696

    (2)
        (A)
            (iii) ) is amended by striking ``$5,500,000'' and 
inserting ``$10,000,000''.
 Union Calendar No. 182

119th CONGRESS

 1st Session

 H. R. 3174

 [Report No. 119-224]

_______________________________________________________________________

 A BILL

To increase loan limits for loans made to small manufacturers, and for 
 other purposes.

_______________________________________________________________________

 August 15, 2025

 Reported with an amendment, committed to the Committee of the Whole 
 House on the State of the Union, and ordered to be printed