Plan doubles federal small-business loan limits for U.S. manufacturers to $10 million
The House passed this bill in May 2026, but it is now stalled in the Senate. The Senate Committee on Small Business and Entrepreneurship held hearings on the bill in May 2026, but no further action has occurred since then. It is unlikely to move forward because the Senate often does not schedule votes for bills passed by the House.
No action since May 2026
How this policy affects specific groups of people
Committee on Small Business and Entrepreneurship. Hearings held.
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 283.
The bill is now on the schedule for the full chamber to consider. It's in line for debate and a vote.
Senate vitiated previous action of 12/02/2025 by Unanimous Consent.
Received in the Senate and Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Motion to reconsider laid on the table Agreed to without objection.
Fox Business reports sponsors aim to double SBA 7(a) and 504 caps for small manufacturers to $10M via the Made in America Manufacturing Finance Act, with backing from Sen. Joni Ernst, Rep. Roger Williams, and SBA Administrator Kelly Loeffler.
Forbes explains the bill would raise SBA 7(a) and 504 loan caps to $10M for manufacturers only, details potential impacts for equipment and facility investments, and includes lender reactions on demand for larger SBA-backed loans.
American Banker covers hearings where Sen. Joni Ernst promoted the Made in America Manufacturing Finance Act to lift SBA loan-size limits for small manufacturers from $5M to $10M, with SBA leadership testifying on capital needs.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
Made in America Manufacturing Finance Act
Analysis generated by AI. Always verify with official sources.