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

House Roll Call

H.R.2799

Roll 75 • Congress 118, Session 2 • Mar 8, 2024 10:31 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 208 / Nay 211 / Present 0 / Not Voting 18
PartyYeaNayPresentNot Voting
R0211010
D208008
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 various provisions related to investment and financing. The bill seeks to bolster economic growth by facilitating investment in small enterprises, particularly those owned by individuals from historically marginalized groups.

Key Provisions and Authorities: HR 2799 proposes the establishment of a new program within the Small Business Administration (SBA) to support community development financial institutions (CDFIs) and minority depository institutions (MDIs). This program would provide grants and technical assistance to these institutions, enabling them to expand their lending capacity and outreach efforts. Additionally, the bill encourages the creation of investment funds specifically targeting small businesses in low-income areas.

Funding: The legislation authorizes appropriations for the SBA to implement the proposed programs, although specific funding amounts are not detailed in the text. The bill emphasizes leveraging federal resources to attract private investment, thereby amplifying the impact of public funds.

Agencies Affected: The primary agency impacted by HR 2799 is the Small Business Administration, along with CDFIs and MDIs that will receive support through the proposed initiatives. The bill also indirectly affects local and regional economic development agencies that collaborate with these financial institutions.

Beneficiaries: The primary beneficiaries of the bill are small business owners, particularly those from underserved communities, including women, minorities, and veterans. By improving access to capital, the legislation aims to stimulate job creation and economic development in areas that have historically faced barriers to financing.

Key Timelines: The bill was introduced in the House and has been received in the Senate, where it has been 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 enactment and implementation of the proposed measures.

View bill source • Clerk record • API record

Yea (208)

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

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

E
Eric Swalwell

CA • 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 (211)

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
Matt Gaetz

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

B
Brandon Williams

NY • R • No

Not Voting (18)

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