HR3174Passed House

Made in America Manufacturing Finance Act

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Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-05-01
Introduced
12
Cosponsors
HR
ⓘ
Type

Sponsor

Roger Williams
Roger Williams
Republican · TX · Representative
Votes with party: 97.9% (583 recorded votes)

Full profile: /officials/W000816

Source: Congress.gov · FEC

Cosponsors (12)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Committee on Small Business and Entrepreneurship. Hearings held.

2026-05-13

Source: Congress.gov

Committee Activity

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Plain-English Summary

Made in America Manufacturing Finance Act This bill increases the maximum loan amounts available to small manufacturers under the Small Business Administration's 7(a) and 504 loan programs. In particular, the bill generally doubles the maximum loan amount for small manufacturers under the 7(a) program and the bill increases the maximum loan amount for small manufacturers under the 504 program from $5.5 million to $10 million. Generally, 7(a) loans provide short- and long-term working capital which can be used for expenses such as operational needs. 504 loans provide financing for major fixed assets such as new facilities.

Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.

Subjects

Commerce

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3174 Engrossed in House (EH)] <DOC> 119th CONGRESS 1st Session H. R. 3174 _______________________________________________________________________ AN ACT To increase loan limits for loans made to small manufacturers, 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 ``Made in America Manufacturing Finance Act''. SEC. 2. DEFINITIONS. Section 3 of the Small Business Act (15 U.S.C. 632) is amended by adding at the end the following: ``(gg) Small Manufacturer.--The term `small manufacturer' means a small business concern-- ``(1) the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and ``(2) all of the production facilities of which are located in the United States.''. SEC. 3. SMALL BUSINESS ACT LOAN LIMITS FOR SMALL MANUFACTURERS. Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended-- (1) in paragraph (3)-- (A) in subparagraph (A)-- (i) by inserting ``except as provided in subparagraph (B),'' before ``if the total''; (ii) by striking ``would exceed $3,750,000'' and inserting the following: ``would exceed-- ``(i) $3,750,000''; (iii) in clause (i), as so designated, by striking ``, except as provided in subparagraph (B);'' and inserting ``; or''; and (iv) by adding at the end the following: ``(ii) in the case of a borrower that is a small manufacturer, $7,500,000 (or if the gross loan amount would exceed $10,000,000);''; and (B) in subparagraph (B)-- (i) by striking ``would exceed $4,500,000'' and inserting the following: ``would exceed-- ``(i) $4,500,000''; (ii) in clause (i), as so designated, by striking ``section 7(a)(14) for export purposes; and'' and inserting ``paragraph (14) for export purposes; or''; and (iii) by adding at the end the following: ``(ii) in the case of a borrower that is a small manufacturer, $9,000,000 (or if the gross loan amount would exceed $10,000,000), of which not more than $8,000,000 may be used for working capital, supplies, or financings under paragraph (14) for export purposes; and''; and (2) in paragraph (14)(B)(i), by striking ``than $5,000,000.'' and inserting the following: ``than-- ``(I) except as provided in subclause (II), $5,000,000; or ``(II) in the case of a loan made to a small manufacturer, $10,000,000.''. SEC. 4. SMALL BUSINESS INVESTMENT ACT OF 1958 LOAN LIMITS FOR SMALL MANUFACTURERS. Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii)) is amended by striking ``$5,500,000'' and inserting ``$10,000,000''. Passed the House of Representatives December 1, 2025. Attest: Clerk. 119th CONGRESS 1st Session H. R. 3174 _______________________________________________________________________ AN ACT To increase loan limits for loans made to small manufacturers, and for other purposes.
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