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

House Roll Call

H.R.2799

Roll 73 • Congress 118, Session 2 • Mar 8, 2024 10:21 AM • Result: Failed

← 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
ResultFailed
TotalsYea 200 / Nay 203 / Present 0 / Not Voting 34
PartyYeaNayPresentNot Voting
R4203014
D1960020
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, particularly those owned by underserved communities, including women, minorities, and rural entrepreneurs. The bill proposes several initiatives to improve funding opportunities and streamline the capital acquisition process.

Key Provisions:

  1. Increased Funding for Small Business Programs: The bill authorizes increased appropriations for the Small Business Administration (SBA) to expand its loan programs, including the 7(a) and 504 loan programs, which provide critical financing to small businesses.
  2. Support for Community Development Financial Institutions (CDFIs): HR 2799 allocates additional funding to CDFIs, which play a vital role in providing financial services to economically disadvantaged communities. This funding aims to enhance their capacity to lend to small businesses in need.
  3. Technical Assistance and Training: The legislation includes provisions for grants to organizations that provide technical assistance and training to small business owners, helping them navigate the capital acquisition process and improve their business operations.
  4. Regulatory Relief: The bill seeks to reduce regulatory burdens on small businesses, making it easier for them to access capital and comply with financial regulations.

Beneficiaries: The primary beneficiaries of HR 2799 are small businesses, particularly those owned by individuals from historically marginalized groups. By improving access to capital, the bill aims to foster economic growth and job creation in underserved areas.

Timeline: Following its introduction, HR 2799 has been received in the Senate, read twice, and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration. The legislative process will determine the timeline for potential amendments, debates, and eventual voting on the bill.

In summary, HR 2799 represents a significant effort to bolster small business financing and support, particularly for those facing systemic barriers to capital access.

View bill source • Clerk record • API record

Yea (200)

C
Colin Allred

TX • D • Aye

E
Earl Blumenauer

OR • D • Aye

J
Jamaal Bowman

NY • D • Aye

C
Cori Bush

MO • D • Aye

Y
Yadira Caraveo

CO • D • Aye

T
Tony Cárdenas

CA • D • Aye

M
Matt Cartwright

PA • D • Aye

G
Gerald Connolly

VA • D • Aye

J
Jason Crow

CO • D • Aye

L
Lloyd Doggett

TX • D • Aye

A
Anna Eshoo

CA • D • Aye

M
Matt Gaetz

FL • R • Aye

R
Ruben Gallego

AZ • D • Aye

J
John Garamendi

CA • D • Aye

J
Jeff Jackson

NC • D • Aye

D
Daniel Kildee

MI • D • Aye

D
Derek Kilmer

WA • D • Aye

A
Ann Kuster

NH • D • Aye

B
Barbara Lee

CA • D • Aye

K
Kathy Manning

NC • D • Aye

L
Lucy McBath

GA • D • Aye

G
Grace Napolitano

CA • D • Aye

W
Wiley Nickel

NC • D • Aye

B
Bill Pascrell

NJ • D • Aye

D
Donald Payne

NJ • D • Aye

M
Mary Peltola

AK • D • Aye

D
Dean Phillips

MN • D • Aye

C
C. Ruppersberger

MD • D • Aye

G
Gregorio Sablan

MP • D • Aye

J
John Sarbanes

MD • D • Aye

A
Abigail Spanberger

VA • D • Aye

R
Rashida Tlaib

MI • D • Aye

D
David Trone

MD • D • Aye

N
Nydia Velázquez

NY • D • Aye

D
Debbie Wasserman Schultz

FL • D • Aye

J
Jennifer Wexton

VA • D • Aye

S
Susan Wild

PA • D • Aye

Nay (203)

K
Kelly Armstrong

ND • R • No

D
Dan Bishop

NC • R • No

L
Larry Bucshon

IN • R • No

M
Michael Burgess

TX • R • No

K
Ken Calvert

CA • R • No

J
Jerry Carl

AL • R • No

L
Lori Chavez-DeRemer

OR • R • No

A
Anthony D'Esposito

NY • R • No

J
John Duarte

CA • R • No

J
Jeff Duncan

SC • R • No

A
A. Ferguson

GA • R • No

S
Scott Franklin

FL • R • No

M
Mike Gallagher

WI • R • No

M
Mike Garcia

CA • R • No

B
Bob Good

VA • R • No

G
Garret Graves

LA • R • No

M
Mark Green

TN • R • No

D
Doug Lamborn

CO • R • No

J
Jake LaTurner

KS • R • No

D
Debbie Lesko

AZ • R • No

B
Blaine Luetkemeyer

MO • R • No

L
Lisa McClain

MI • R • No

P
Patrick McHenry

NC • R • No

M
Marcus Molinaro

NY • R • No

G
Greg Pence

IN • R • No

B
Bill Posey

FL • R • No

C
Cathy Rodgers

WA • R • No

M
Matthew Rosendale

MT • R • No

J
John Rutherford

FL • R • No

D
David Schweikert

AZ • R • No

P
Pete Sessions

TX • R • No

M
Michelle Steel

CA • R • No

M
Michael Waltz

FL • R • No

B
Brad Wenstrup

OH • R • No

Not Voting (34)

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

S
Sheila Jackson Lee

TX • D • Not Voting

A
Alexander Mooney

WV • R • Not Voting

K
Katie Porter

CA • D • Not Voting

E
Eric Swalwell

CA • D • Not Voting

B
Brandon Williams

NY • R • Not Voting