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

House Roll Call

H.R.2799

Roll 71 • Congress 118, Session 2 • Mar 7, 2024 2:28 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 270 / Nay 154 / Present 0 / Not Voting 13
PartyYeaNayPresentNot Voting
R213008
D5715405
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 aims to enhance the availability of capital for small businesses and entrepreneurs, particularly those in underserved communities. The bill seeks to achieve this by amending existing regulations and establishing new programs that facilitate access to funding sources.

Key Provisions:

  1. Funding Authorities: The bill authorizes the creation of a Small Business Access to Capital Fund, which would provide grants to community development financial institutions (CDFIs) and other organizations that assist small businesses in obtaining financing. The fund is intended to support initiatives that promote financial literacy and business development.

  2. Programs and Agencies Affected: The legislation impacts the Small Business Administration (SBA) and CDFIs, enhancing their capacity to provide loans and technical assistance to small businesses. It also encourages partnerships between private financial institutions and community organizations to broaden the reach of capital access programs.

  3. Beneficiaries: The primary beneficiaries of the bill include small businesses, particularly those owned by minorities, women, and veterans, as well as startups in economically distressed areas. By improving access to capital, the bill aims to foster economic growth and job creation in these communities.

  4. Regulatory Changes: The bill proposes regulatory reforms to streamline the loan application process, reduce barriers to entry for new lenders, and promote transparency in lending practices.

Key Timelines: Following its introduction, HR 2799 was received in the Senate, where it was read twice and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration. The timeline for committee review and potential amendments remains to be determined.

In summary, HR 2799 seeks to create a more equitable financial landscape for small businesses by providing targeted funding and support, thereby promoting economic development in underserved communities across the United States.

View bill source • Clerk record • API record

Yea (270)

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

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
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

A
Ann Kuster

NH • D • Aye

D
Doug Lamborn

CO • R • Aye

J
Jake LaTurner

KS • 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

J
John Rutherford

FL • 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

S
Susan Wild

PA • D • Aye

B
Brandon Williams

NY • R • Aye

Nay (154)

E
Earl Blumenauer

OR • D • No

J
Jamaal Bowman

NY • D • No

C
Cori Bush

MO • D • No

T
Tony Cárdenas

CA • D • No

M
Matt Cartwright

PA • D • No

G
Gerald Connolly

VA • D • No

L
Lloyd Doggett

TX • D • No

A
Anna Eshoo

CA • 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

D
Derek Kilmer

WA • 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

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

D
Debbie Lesko

AZ • R • Not Voting

K
Katie Porter

CA • D • Not Voting