Made in America Manufacturing Finance Act
Plan doubles federal small-business loan limits for U.S. manufacturers to $10 million
Stalled
No legislative action in over 90 days.
Legislative Progress
Key Points
- Raises the cap on federal loans for small manufacturing firms to as much as $10 million, so bigger projects can get financed
- Increases how much of each loan the government backs, up to $9 million, making banks more willing to lend
- Funds can cover equipment, factory buildings, expansions, payroll, supplies, and some export needs
- Only companies that make goods in the United States and keep all production here qualify
- Could boost local jobs and production, but also raises taxpayer exposure if more big loans go unpaid
Impact Analysis
Personal Impact
How this policy affects specific groups of people
Milestones
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.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4912)
The House fast-tracked this bill — limited debate, no amendments allowed, but needs two-thirds support to pass.
Votes
No votes have been recorded for this legislation yet.
Related News
8 articles
'Made in America' loan cap doubled under new Trump-backed manufacturing push
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.
SBA Loan Cap May Rise to $10 Million for Manufacturers Under New Bill
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.
SBA moves front and center in GOP's manufacturing push
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.
Source Information
Document Type
Congressional Bill
Official Title
Made in America Manufacturing Finance Act
Data Sources
Sponsor
Cosponsors
(12)Analysis generated by AI. Always verify with official sources.