H.R. 5029: Small Business Lending Assistance Act of 2016
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H.R. 5029: Small Business Lending Assistance Act of 2016
114th Congress · introduced 2016-04-21 · Commerce · Latest: Referred to the House Committee on Small Business.
federal
Follow this bill, step by step
- Where it came from: introduced 2016-04-21 · official record
- Who proposed it: Rep. Aguilar, Pete [D-CA-31] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Small Business. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Small Business Lending Assistance Act of 2016
Plain summary
Small Business Lending Assistance Act of 2016 This bill amends the Small Business Act with respect to guarantee fees for small business loans. The Small Business Administration (SBA) shall have discretion not to collect a guarantee fee for a loan repayable in one year or less. The SBA may not, however, collect a guarantee fee in connection with a loan repayable in one year or less if it is made to a borrower that resides in a county with an annual unemployment rate for the preceding calendar year of at least one percentage point greater than the national annual unemployment rate for that year.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
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What does this mean? (plain words)
Official text
Small Business Lending Assistance Act of 2016
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Aguilar, Pete [D-CA-31] · 4 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Eleanor Holmes Norton (D-DC), Scott H. Peters (D-CA)
Sponsor's campaign money: Rep. Aguilar, Pete [D-CA-31] reported raising $5.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr5029.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>
Record fed-us-cong114-hr5029 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114