H.R. 3174 — Reported in House

IB Union Calendar No. 182 119th CONGRESS 1st Session H. R. 3174 [Report No. 119–224] IN THE HOUSE OF REPRESENTATIVES May 1, 2025Mr. Williams of Texas introduced the following bill; which was referred to the Committee on Small Business August 15, 2025Additional 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, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printedStrike out all after the enacting clause and insert the part printed in italicFor 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. 1. Short title This Act may be cited as the Made in America Manufacturing Finance Act. 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. . 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. . 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. August 15, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed