H.R. 7242 — Introduced in House

I 118th CONGRESS 2d Session H. R. 7242 IN THE HOUSE OF REPRESENTATIVES February 5, 2024Mr. Thanedar introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to increase the maximum gross loan amount for a loan made under section 7(a) of such Act. 1. Short title This Act may be cited as the Loans in our Neighborhoods Act. 2. Maximum gross loan amount for a 7(a) loan Section 7(a)(3)(A) of the Small Business Act (15 U.S.C. 636(a)(3)(A)) is amended by striking $5,000,000 and inserting $10,000,000.