H.R. 1490 · 117th Congress

504 Modernization and Small Manufacturer Enhancement Act of 2021

Introduced on Mar 2, 2021 by Angie Craig (D-MN-2). 8 cosponsors, 5 of them from another party. Latest action (Apr 19, 2021): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Stage
Passed one chamber
Introduced
Mar 2, 2021
Cosponsors
8
5 from the other party
Policy area
Commerce
Open in the Congress explorerCongress.govAlert me

Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. Reported by committee
  3. Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To amend the Small Business Investment Act of 1958 to improve the loan guaranty program, enhance the ability of small manufacturers to access affordable capital, and for other purposes.

Subjects

  • Administrative remedies
  • Bank accounts, deposits, capital
  • Business records
  • Congressional oversight
  • Debt collection
  • Economic development
  • Employment and training programs
  • Energy efficiency and conservation
  • Financial services and investments
  • Government lending and loan guarantees
  • Lease and rental services
  • Manufacturing
  • Minority and disadvantaged businesses
  • Performance measurement
  • Small Business Administration
  • Small business
  • User charges and fees
  • Vocational and technical education

Summary

By the Congressional Research Service (Passed House, Apr 15, 2021). Public domain.

504 Modernization and Small Manufacturer Enhancement Act of 2021

This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization.

Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project.

For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Angie CraigD-MN-2Sponsor

Democrats · 3

Republicans · 5

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

  1. On Motion to Suspend the Rules and Pass
    Apr 15, 2021· House· Passage· Passed 400–16

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Mar 2, 2021Introduced in House
  2. Mar 2, 2021Introduced in House
  3. Mar 2, 2021 · HouseReferred to the House Committee on Small Business.
  4. Apr 14, 2021 · HouseMs. Davids (KS) moved to suspend the rules and pass the bill.
  5. Apr 14, 2021 · HouseConsidered under suspension of the rules. (consideration: CR H1769-1772)
  6. Apr 14, 2021 · HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 1490.
  7. Apr 14, 2021 · HouseAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  8. Apr 15, 2021 · HouseConsidered as unfinished business. (consideration: CR H1834-1835)
  9. Apr 15, 2021Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116).(text: 04/14/2021 CR H1769-1770)House · Roll call 116
  10. Apr 15, 2021 · HouseOn motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 400 - 16 (Roll no. 116). (text: 04/14/2021 CR H1769-1770)House · Roll call 116
  11. Apr 15, 2021 · HouseMotion to reconsider laid on the table Agreed to without objection.
  12. Apr 19, 2021 · SenateReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. NATIONAL ASSOCIATION OF DEVELOPMENT COMPANIES1 report
    $40K reported (all issues)

Reports filed in 2023.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.