119-s2486

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2486 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 2486

To prohibit the Administrator of the Small Business Administration from 
 directly making loans under the 7

    (a) loan program, and for other 
 purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 July 28, 2025

Mr. Scott of South Carolina (for himself, Mr. Budd, Mr. Barrasso, Mrs. 
 Hyde-Smith, Mr. Risch, Mr. Daines, Mr. Scott of Florida, Mr. Cramer, 
and Mr. Crapo) introduced the following bill; which was read twice and 
 referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

 A BILL

To prohibit the Administrator of the Small Business Administration from 
 directly making loans under the 7

    (a) loan program, 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 ``Protecting Access to Credit for 
Small Businesses Act''.

SEC. 2. PROHIBITION ON DIRECT 7
        (A) LOANS.

    (a) In General.--Notwithstanding any provision of subsection

    (a) of 

section 7 of the Small Business Act (15 U.S.C. 636

    (a) ), the 
Administrator of the Small Business Administration may not directly 
make a loan pursuant to such subsection.

    (b) Existing Loans.--The Administrator of the Small Business 
Administration shall service a direct loan made under 

section 7

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

    (a) ) if such loan was made before 
the date of enactment of this Act.
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