H.R.2799 — Expanding Access to Capital Act of 2023
House Roll Call
H.R.2799
| Bill | H.R.2799 — Expanding Access to Capital Act of 2023 |
|---|---|
| Vote question | On Agreeing to the Amendment |
| Vote type | Recorded Vote |
| Result | Agreed to |
| Totals | Yea 301 / Nay 125 / Present 0 / Not Voting 11 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 214 | 0 | 0 | 7 |
| D | 87 | 125 | 0 | 4 |
| I | 0 | 0 | 0 | 0 |
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 revising existing federal programs and establishing new initiatives. The bill seeks to address barriers to financing for small enterprises, particularly those owned by minorities, women, and veterans.
Key Provisions:
Funding and Authorities: The bill authorizes the allocation of federal funds to support community development financial institutions (CDFIs) and minority depository institutions (MDIs). It proposes increased funding for the Small Business Administration (SBA) to expand loan programs and technical assistance for small businesses.
Programs and Agencies Affected: The legislation impacts several federal programs, including the SBA’s 7(a) and 504 loan programs, as well as CDFI and MDI initiatives. It directs the Department of the Treasury to enhance its support for these institutions, which play a crucial role in providing capital to underserved areas.
Beneficiaries: The primary beneficiaries are small businesses, particularly those owned by individuals from historically marginalized groups. The bill aims to empower these businesses by improving their access to financing, thereby fostering economic growth and job creation in underserved communities.
Regulatory Framework: The bill also includes provisions to streamline regulatory processes for CDFIs and MDIs, making it easier for them to operate and provide capital to small businesses.
Key Timelines: Following 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 further action will depend on the committee’s review and subsequent legislative processes.
In summary, HR 2799 represents a significant effort to improve capital access for small businesses, particularly in underserved communities, through enhanced funding and regulatory support for key financial institutions.
Yea (301)
K
Kelly Armstrong
D
Dan Bishop
L
Larry Bucshon
M
Michael Burgess
K
Ken Calvert
Y
Yadira Caraveo
T
Tony Cárdenas
J
Jerry Carl
L
Lori Chavez-DeRemer
G
Gerald Connolly
J
Jason Crow
A
Anthony D'Esposito
J
John Duarte
J
Jeff Duncan
A
A. Ferguson
S
Scott Franklin
M
Matt Gaetz
M
Mike Gallagher
R
Ruben Gallego
M
Mike Garcia
B
Bob Good
G
Garret Graves
M
Mark Green
J
Jeff Jackson
D
Derek Kilmer
A
Ann Kuster
D
Doug Lamborn
J
Jake LaTurner
D
Debbie Lesko
B
Blaine Luetkemeyer
K
Kathy Manning
L
Lucy McBath
L
Lisa McClain
P
Patrick McHenry
M
Marcus Molinaro
A
Alexander Mooney
W
Wiley Nickel
B
Bill Pascrell
M
Mary Peltola
G
Greg Pence
D
Dean Phillips
B
Bill Posey
C
Cathy Rodgers
M
Matthew Rosendale
C
C. Ruppersberger
J
John Rutherford
D
David Schweikert
P
Pete Sessions
A
Abigail Spanberger
M
Michelle Steel
E
Eric Swalwell
M
Michael Waltz
D
Debbie Wasserman Schultz
B
Brad Wenstrup
J
Jennifer Wexton
S
Susan Wild
B
Brandon Williams
Nay (125)
C
Colin Allred
E
Earl Blumenauer
J
Jamaal Bowman
C
Cori Bush
M
Matt Cartwright
L
Lloyd Doggett
A
Anna Eshoo
J
John Garamendi
S
Sheila Jackson Lee
D
Daniel Kildee
B
Barbara Lee
G
Grace Napolitano
D
Donald Payne
G
Gregorio Sablan
J
John Sarbanes
R
Rashida Tlaib
D
David Trone
N
Nydia Velázquez
Not Voting (11)
K
Ken Buck
J
Jenniffer González-Colón
K
Kay Granger
R
Raúl Grijalva
K
Katie Porter
