Bill · S. 1555· Senate(119-S-1555)
Made in America Manufacturing Finance Act of 2025
- Introduced
- 5/1/2025
- Last activity
- 5/13/2026 — Committee on Small Business and Entrepreneurship. Hearings held.
- Sponsored by
- Joni Ernst
- Cosponsors
- - 3 - 3
- Introduced
- In Committee
What this bill would do
The Made in America Manufacturing Finance Act of 2025 increases loan limits for small manufacturers. It defines a small manufacturer as a small business in specific industrial sectors with all production facilities located in the United States. The bill raises loan caps under the Small Business Act and the Small Business Investment Act of 1958. It also requires the Inspector General to analyze default risks associated with these higher limits. Finally, the Small Business Administration must provide annual reports on job creation and retention resulting from these larger loans.
Yes· 3 of 8
Would business owners be better off under this?+9
Directly benefits small business owners in the manufacturing sector through higher loan caps.
Does this make it easier to run a small business?+8
Significantly increases the maximum loan amounts available to small manufacturers.
Is this likely to create jobs?+5
Higher loan limits for manufacturers are intended to stimulate growth and the bill specifically tracks job creation and retention.
The opposite
Does this make the government pay for what it commits to?-2
The bill introduces additional risk of loan defaults and potential costs to the government.
Who it would affect, and how
Potential Positive Impacts for People
- Increased Access to Capital: Small manufacturers can access significantly higher loan amounts, such as increasing certain limits to $7,500,000, $9,000,000, or $10,000,000 depending on the loan type (Section 3 and Section 4).
- Support for Domestic Production: The benefits are specifically targeted at businesses where all production facilities are located in the United States (Section 2).
- Job Preservation: The bill includes a requirement to analyze whether these larger loans prevent the loss of jobs for employees of small manufacturers (Section 6(b)(2)).
Potential Negative Impacts for People
- Increased Financial Risk: The bill acknowledges the potential for "additional risk," including increased default amounts and larger guaranty purchase amounts (Section 5(1)(C)).
- Potential Cost to Government: There is a concern regarding whether these changes impact the requirement for loan programs to operate at no cost to the Government (Section 5(1)(C)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+9Good For Rural Residents+4Good For Union Workers+3
- Economy And Finance
- Improves Small Business Support+8Increases Job Creation+5Improves Economic Growth+4Improves Fiscal Responsibility-2
- Environment Energy And Infrastructure
- Improves Rural Development+3
- Governance And Ideology
- Improves Government Transparency+2
- 5/13/2026
- Committee on Small Business and Entrepreneurship. Hearings held.
- 4/20/2026
- 1 Cosponsor added.
- 3/23/2026
- 1 Cosponsor added.
- 3/11/2026
- Committee on Small Business and Entrepreneurship. Hearings held.
- 3/5/2026
- 1 Cosponsor added.
- 1/14/2026
- Committee on Small Business and Entrepreneurship. Hearings held.
- 9/17/2025
- Committee on Small Business and Entrepreneurship. Hearings held.
- 7/29/2025
- Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 130.
- 7/16/2025
- Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
- 6/27/2025
- 2 Cosponsors added.
- 5/21/2025
- Committee on Small Business and Entrepreneurship. Hearings held.
- 5/14/2025
- Committee on Small Business and Entrepreneurship. Hearings held.
- 5/1/2025
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Christopher CoonsDemocrat · Delaware
Catherine Cortez MastoDemocrat · Nevada
John HickenlooperDemocrat · Colorado
Jon HustedRepublican · Ohio
Tim ScottRepublican · South Carolina
Todd YoungRepublican · Indiana