H.R. 1490504 Modernization and Small Manufacturer Enhancement Act of 2021

1 recorded action229 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Angie Craig [D-MN-02]
Cosponsors: 8 · 5 Republicans · 3 Democrats
Policy area: Commerce
Committees: Small Business Committee, Small Business and Entrepreneurship Committee
Latest action: Apr 19, 2021 · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

IntroducedMar 2, 2021
Passed the HouseApr 15, 2021
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

504 Modernization and Small Manufacturer Enhancement Act of 2021

This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization.

Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project.

For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers.

Written by the nonpartisan Congressional Research Service, describing H.R. 1490 as passed House on Apr 15, 2021. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 116

House Apr 15, 2021

On Motion to Suspend the Rules and Pass

504 Modernization and Small Manufacturer Enhancement Act

Passed · Two-thirds required

400 Yea 16 Nay 13 not voting

Crossed both parties 16 of 416 voting members broke with their own party: 16 Republicans.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members429 members

Democratic217 members

Republican212 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors8 · 5 Republicans · 3 Democrats

Signing on is not a vote: a member can cosponsor H.R. 1490 and vote against it. 3 signed when it was filed.

RYoung Kim [R-CA-39]Original2026 profile

DSharice Davids [D-KS-03]Original2026 profile

RSTEVE CHABOT [R-OH-01]Original

RVan Taylor [R-TX-03]Joined Mar 8, 2021

RBrian K. Fitzpatrick [R-PA-01]Joined Mar 8, 20212026 profile

DMarie Newman [D-IL-03]Joined Mar 9, 2021

RClaudia Tenney [R-NY-22]Joined Mar 16, 20212026 profile

Loading the public record

H.R. 1490504 Modernization and Small Manufacturer Enhancement Act of 2021

What the measure doesCRS summary

How every member votedHouse roll call 116

On Motion to Suspend the Rules and Pass

How the chamber split

Cosponsors8 · 5 Republicans · 3 Democrats

H.R. 1490504 Modernization and Small Manufacturer Enhancement Act of 2021

What the measure doesCRS summary

How every member votedHouse roll call 116

On Motion to Suspend the Rules and Pass

How the chamber split

Cosponsors8 · 5 Republicans · 3 Democrats

Who lobbied on H.R. 14902 organizations

Who lobbied on H.R. 14902 organizations