# 116-hr-7903: To amend the Small Business Act to establish the Community Advantage Loan Program.

116-hr-7903, To amend the Small Business Act to establish the Community Advantage Loan Program., is a 116th Congress bill sponsored by Rep. Chu, Judy [D-CA-28] (D-CA); status Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (as of 2025-11-18).

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- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7903
- Congress: 116
- Title: To amend the Small Business Act to establish the Community Advantage Loan Program.
- Status: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced: 2020-07-31
- Sponsor: Rep. Chu, Judy [D-CA-28] (D-CA)
- Cosponsors: 3
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill establishes through FY2025 a Community Advantage Loan Program under which the Small Business Administration (SBA) may guarantee loans made by covered institutions to small business concerns in underserved markets. Specifically, the bill provides statutory authority for the Community Advantage Pilot Program (CA) and includes women and minorities as eligible groups for CA loans in addition to the other categories that are currently eligible. The bill requires at least 60% of loans made by a covered institution under the program be made to small business concerns in underserved markets, and it allows the SBA to waive the $250,000 cap on loan sizes up to $350,000. The bill further requires the SBA to provide both in-person and online training and technical assistance that is free or low-cost for covered institutions making loans under the program. The SBA must establish a working group to develop recommendations for the SBA to effectively manage, support, and promote the program and its mission. Lastly, the bill requires the Government Accountability Office to report on program outcomes.

## Cosponsors (3)

- Rep. Spano, Ross [R-FL-15] (R-FL), 2020-07-31T00:00:00.000Z
- Rep. Phillips, Dean [D-MN-3] (D-MN), 2020-09-11T00:00:00.000Z
- Rep. Taylor, Van [R-TX-3] (R-TX), 2020-12-02T00:00:00.000Z

## Related bills

- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act
- 116-hr-3589: Greg LeMond Congressional Gold Medal Act
- 116-hr-1379: Ensuring Lasting Smiles Act
- 116-hr-1044: Fairness for High-Skilled Immigrants Act of 2020
- 116-hr-943: Never Again Education Act
- 116-hr-724: PACT Act

## Sources
- [116-hr-7903 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7903)

## Related
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [116-hr-3589: Greg LeMond Congressional Gold Medal Act](https://policyrisk.com/legislation/116-hr-3589)
- [116-hr-1379: Ensuring Lasting Smiles Act](https://policyrisk.com/legislation/116-hr-1379)
- [116-hr-1044: Fairness for High-Skilled Immigrants Act of 2020](https://policyrisk.com/legislation/116-hr-1044)
- [116-hr-943: Never Again Education Act](https://policyrisk.com/legislation/116-hr-943)
- [116-hr-724: PACT Act](https://policyrisk.com/legislation/116-hr-724)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7903 (as of 2025-11-18).