Bill · S. 2486· Senate(119-S-2486)
Protecting Access to Credit for Small Businesses Act
- Introduced
- 7/28/2025
- Last activity
- 7/28/2025 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Sponsored by
- Tim Scott
- Cosponsors
- - 8 - 0
- Introduced
- In Committee
What this bill would do
This bill is titled the "Protecting Access to Credit for Small Businesses Act." It aims to change how the Small Business Administration operates regarding its 7(a) loan program. Specifically, the bill prohibits the Administrator of the Small Business Administration from directly making loans under that program. However, the Administrator is still required to service any direct loans that were made before this Act becomes law.
Yes
Does this reduce what the federal government spends?+2
By prohibiting the SBA Administrator from making direct loans, the bill reduces the government's ability to deploy funds through direct lending programs.
The opposite· 3 of 4
Would business owners be better off under this?-3
Small business owners may face more difficulty accessing capital if direct SBA lending options are removed.
Does this make it easier to run a small business?-3
The bill restricts a specific method of capital access used by small businesses by prohibiting direct 7(a) loans from the SBA Administrator.
Is this likely to create jobs?-2
The prohibition of direct 7(a) loans may limit the availability of capital available for job-creating small business expansion.
Who it would affect, and how
Potential Positive Impacts for People
- Continuity of Loan Servicing: Under Section 2(b), the Administrator must continue to service existing direct loans made before the enactment of this Act. This ensures that current borrowers do not lose the support or management of their existing loan agreements.
Potential Negative Impacts for People
- Restriction of Loan Methods: Under Section 2(a), the Administrator is prohibited from directly making loans pursuant to section 7(a) of the Small Business Act. This removes the ability for the Administrator to issue these specific types of loans directly.
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-3
- Economy And Finance
- Reduces Government Spending+2Improves Small Business Support-3Increases Job Creation-2
- Governance And Ideology
- Increases Federal Power-2
- 7/28/2025
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 8 Cosponsors added.
- Introduced in Senate
John BarrassoRepublican · Wyoming
Ted BuddRepublican · North Carolina
Mike CrapoRepublican · Idaho
Kevin CramerRepublican · North Dakota
Steve DainesRepublican · Montana
Cindy Hyde-SmithRepublican · Mississippi
James RischRepublican · Idaho
Rick ScottRepublican · Florida