H.R.2799 — Expanding Access to Capital Act of 2023

House Roll Call

H.R.2799

Roll 68 • Congress 118, Session 2 • Mar 7, 2024 2:16 PM • Result: Agreed to

← Back to roll call list • View bill page • Clerk record • API source

BillH.R.2799 — Expanding Access to Capital Act of 2023
Vote questionOn Agreeing to the Amendment
Vote typeRecorded Vote
ResultAgreed to
TotalsYea 278 / Nay 146 / Present 0 / Not Voting 13
PartyYeaNayPresentNot Voting
R212009
D6614604
I0000

Research Brief

On Agreeing to the Amendment

Bill Analysis

Bill Summary: HR 2799 - Expanding Access to Capital Act of 2023

The Expanding Access to Capital Act of 2023 (HR 2799) aims to enhance access to capital for small businesses and underserved communities by amending existing federal programs and creating new initiatives. The bill seeks to address disparities in capital access that hinder economic growth and entrepreneurship, particularly among minority-owned and rural businesses.

Key Provisions:

  1. Funding and Authorities: The bill authorizes increased funding for the Small Business Administration (SBA) to expand its loan guarantee programs, particularly the 7(a) and 504 loan programs. It also proposes the establishment of a new grant program aimed at supporting community development financial institutions (CDFIs) and minority depository institutions (MDIs) to bolster their lending capabilities.

  2. Programs and Agencies Affected: The primary agency impacted by this legislation is the SBA, which will receive additional resources and authority to implement the expanded loan programs. CDFIs and MDIs are also directly supported through grants designed to enhance their operational capacity and outreach.

  3. Beneficiaries: The bill is designed to benefit small businesses, particularly those owned by minorities, women, and individuals in rural areas. By facilitating greater access to capital, the legislation aims to foster entrepreneurship, job creation, and economic development in historically marginalized communities.

  4. Regulatory Framework: The bill proposes regulatory reforms to streamline the application process for loans and grants, making it easier for small businesses to access funding. It also encourages partnerships between traditional financial institutions and CDFIs/MDIs to improve capital distribution.

Key Timelines: After its introduction, HR 2799 was received in the Senate, read twice, and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration. The timeline for subsequent actions will depend on the committee’s review and any proposed amendments.

Overall, HR 2799 aims to create a more equitable financial landscape for small businesses, promoting economic resilience and inclusivity across the United States.

View bill source • Clerk record • API record

Yea (278)

C
Colin Allred

TX • D • Aye

K
Kelly Armstrong

ND • R • Aye

D
Dan Bishop

NC • R • Aye

L
Larry Bucshon

IN • R • Aye

M
Michael Burgess

TX • R • Aye

K
Ken Calvert

CA • R • Aye

Y
Yadira Caraveo

CO • D • Aye

T
Tony Cárdenas

CA • D • Aye

J
Jerry Carl

AL • R • Aye

L
Lori Chavez-DeRemer

OR • R • Aye

J
Jason Crow

CO • D • Aye

A
Anthony D'Esposito

NY • R • Aye

J
John Duarte

CA • R • Aye

J
Jeff Duncan

SC • R • Aye

A
Anna Eshoo

CA • D • Aye

A
A. Ferguson

GA • R • Aye

S
Scott Franklin

FL • R • Aye

M
Matt Gaetz

FL • R • Aye

M
Mike Gallagher

WI • R • Aye

R
Ruben Gallego

AZ • D • Aye

M
Mike Garcia

CA • R • Aye

B
Bob Good

VA • R • Aye

G
Garret Graves

LA • R • Aye

M
Mark Green

TN • R • Aye

D
Derek Kilmer

WA • D • Aye

A
Ann Kuster

NH • D • Aye

D
Doug Lamborn

CO • R • Aye

J
Jake LaTurner

KS • R • Aye

D
Debbie Lesko

AZ • R • Aye

B
Blaine Luetkemeyer

MO • R • Aye

K
Kathy Manning

NC • D • Aye

L
Lisa McClain

MI • R • Aye

P
Patrick McHenry

NC • R • Aye

M
Marcus Molinaro

NY • R • Aye

A
Alexander Mooney

WV • R • Aye

W
Wiley Nickel

NC • D • Aye

M
Mary Peltola

AK • D • Aye

G
Greg Pence

IN • R • Aye

D
Dean Phillips

MN • D • Aye

B
Bill Posey

FL • R • Aye

C
Cathy Rodgers

WA • R • Aye

M
Matthew Rosendale

MT • R • Aye

D
David Schweikert

AZ • R • Aye

P
Pete Sessions

TX • R • Aye

A
Abigail Spanberger

VA • D • Aye

M
Michelle Steel

CA • R • Aye

E
Eric Swalwell

CA • D • Aye

M
Michael Waltz

FL • R • Aye

B
Brad Wenstrup

OH • R • Aye

B
Brandon Williams

NY • R • Aye

Nay (146)

E
Earl Blumenauer

OR • D • No

J
Jamaal Bowman

NY • D • No

C
Cori Bush

MO • D • No

M
Matt Cartwright

PA • D • No

G
Gerald Connolly

VA • D • No

L
Lloyd Doggett

TX • D • No

J
John Garamendi

CA • D • No

J
Jeff Jackson

NC • D • No

S
Sheila Jackson Lee

TX • D • No

D
Daniel Kildee

MI • D • No

B
Barbara Lee

CA • D • No

L
Lucy McBath

GA • D • No

G
Grace Napolitano

CA • D • No

B
Bill Pascrell

NJ • D • No

D
Donald Payne

NJ • D • No

C
C. Ruppersberger

MD • D • No

G
Gregorio Sablan

MP • D • No

J
John Sarbanes

MD • D • No

R
Rashida Tlaib

MI • D • No

D
David Trone

MD • D • No

N
Nydia Velázquez

NY • D • No

D
Debbie Wasserman Schultz

FL • D • No

J
Jennifer Wexton

VA • D • No

S
Susan Wild

PA • D • No

Not Voting (13)

K
Ken Buck

CO • R • Not Voting

J
Jenniffer González-Colón

PR • R • Not Voting

K
Kay Granger

TX • R • Not Voting

R
Raúl Grijalva

AZ • D • Not Voting

K
Katie Porter

CA • D • Not Voting

J
John Rutherford

FL • R • Not Voting