Thursday, September 23, 2004
House of Representatives > Small Business Committee: "The Small Business Reauthorization and Manufacturing Assistance Act of 2004 (H.R. 5108 and S. 2821) preserves and strengthens the popular 7(a) loan guarantee program by making permanent the temporary lender fee increases signed into law earlier this year and set to expire on Sept. 30. The bill sets a $16.5 billion authorization level for the 7(a) program. Without action, the fees could increase further and make the important job-creating program too expensive for small employers and lenders."