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Protecting Access to Credit for Small Businesses Act
To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes.
Summary
This bill prohibits the Small Business Administration from directly making loans under the Section 7(a) loan program. The SBA would continue to service loans it made prior to the bill's enactment. The effect would shift the Section 7(a) program from direct SBA lending to a model dependent on private lenders to originate these small business loans.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Scott, Tim [R-SC] (R-SC)
8 cosponsors
- Sen. Barrasso, John [R-WY] (R-WY)
- Sen. Budd, Ted [R-NC] (R-NC)
- Sen. Cramer, Kevin [R-ND] (R-ND)
- Sen. Crapo, Mike [R-ID] (R-ID)
- Sen. Daines, Steve [R-MT] (R-MT)
- Sen. Hyde-Smith, Cindy [R-MS] (R-MS)
- Sen. Risch, James E. [R-ID] (R-ID)
- Sen. Scott, Rick [R-FL] (R-FL)
Actions (2)
- Jul 28, 2025 Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
- Jul 28, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
July 28, 2025
Mr. Scott of South Carolina (for himself, Mr. Budd, Mr. Barrasso, Mrs. Hyde-Smith, Mr. Risch, Mr. Daines, Mr. Scott of Florida, Mr. Cramer, and Mr. Crapo) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
A BILL
To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Protecting Access to Credit for Small Businesses Act”.
SEC. 2. PROHIBITION ON DIRECT 7(A) LOANS.
(a) In General.—Notwithstanding any provision of subsection (a) of section 7 of the Small Business Act (15 U.S.C. 636(a)), the Administrator of the Small Business Administration may not directly make a loan pursuant to such subsection.
(b) Existing Loans.—The Administrator of the Small Business Administration shall service a direct loan made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) if such loan was made before the date of enactment of this Act. <all>
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