119-HR3174

Bill is currently in: House
Path to Law
House Senate President

119th CONGRESS

1st Session

H. R. 3174

1. Short title
2. Definitions
3. Small Business Act loan limits for small manufacturers
4. Small Business Investment Act of 1958 loan limits for small manufacturers

1. Short title

This Act may be cited as the "Made in America Manufacturing Finance Act of 2025".

2. Definitions

Section 3 of the Small Business Act (15 U.S.C. 632) is amended by adding at the end the following:

(gg) Small manufacturer - The term small manufacturer means a small business concern—

(1) - the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and

(2) - all of the production facilities of which are located in the United States.

3. Small Business Act loan limits for small manufacturers

Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended—

(1) - in paragraph (3)—

(A) - in subparagraph (A)—

(i) - by inserting "except as provided in subparagraph (B)," before "if the total";

(ii) - by striking "would exceed $3,750,000" and inserting the following:

(i) - $3,750,000

(iii) - in clause (i), as so designated, by striking ", except as provided in subparagraph (B);" and inserting "; or"; and

(iv) - by adding at the end the following:

(ii) - in the case of a borrower that is a small manufacturer, $7,500,000 (or if the gross loan amount would exceed $10,000,000);

(B) - in subparagraph (B)—

(i) - by striking "would exceed $4,500,000" and inserting the following:

(i) - $4,500,000

(ii) - in clause (i), as so designated, by striking "section 7(a)(14) for export purposes; and" and inserting "paragraph (14) for export purposes; or"; and

(iii) - by adding at the end the following:

(ii) - in the case of a borrower that is a small manufacturer, $9,000,000 (or if the gross loan amount would exceed $10,000,000), of which not more than $8,000,000 may be used for working capital, supplies, or financings under paragraph (14) for export purposes; and

(2) - in paragraph (14)(B)(i), by striking "than $5,000,000." and inserting the following:

(I) - except as provided in subclause (II), $5,000,000; or

(II) - in the case of a loan made to a small manufacturer, $10,000,000.

4. Small Business Investment Act of 1958 loan limits for small manufacturers

Section 502(2)(A)(iii) of the Small Business Investment Act (15 U.S.C. 696(2)(A)(iii)) is amended by striking "$5,500,000" and inserting "$10,000,000".