Made in America Manufacturing Finance Act of 2025

Joni Ernst

Republican · IA · Senator

Source: Congress.gov · FEC

• Christopher A. Coons (D-DE)Original· 2025-05-01
• John W. Hickenlooper (D-CO)· 2025-06-27
• Todd Young (R-IN)· 2025-06-27
• Jon Husted (R-OH)· 2026-03-05
• Catherine Cortez Masto (D-NV)· 2026-03-23
• Tim Scott (R-SC)· 2026-04-20

Committee on Small Business and Entrepreneurship. Hearings held.

2026-05-13

Source: Congress.gov

This bill would create new financing programs and incentives to help American manufacturers, particularly small and medium-sized companies, expand production and compete globally. It likely includes provisions for loans, grants, or tax benefits aimed at supporting domestic manufacturing operations and reducing reliance on foreign production. The legislation would affect manufacturers across various industries and potentially create jobs by making it easier and cheaper for these companies to grow their operations in the United States.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1555 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1555 To increase loan limits for loans made to small manufacturers, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 1, 2025 Ms. Ernst (for herself and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL 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 of 2025''. 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 (15 U.S.C. 696(2)(A)(iii)) is amended by striking ``$5,500,000'' and inserting ``$10,000,000''. <all>

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