LIONs Act of 2025

119 S901 IS: Loans In Our Neighborhoods Act of 2025 U.S. Senate 2025-03-06 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 901 IN THE SENATE OF THE UNITED STATES March 6, 2025 Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Small Business Act and the Small Business Investment Act of 1958 to increase the maximum loan amount for certain loans, and for other purposes. 1. Short title This Act may be cited as the Loans In Our Neighborhoods Act of 2025 or the LIONs Act of 2025 . 2. Maximum loan amount for a 7 (a) loan Section 7(a)(3)(A) of the Small Business Act ( 15 U.S.C. 636(a)(3)(A) ) is amended by striking $3,750,000 (or if the gross loan amount would exceed $5,000,000) and inserting $7,500,000 (or if the gross loan amount would exceed $10,000,000) . 3. Maximum loan amount for a development company loan Section 502(2)(A) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(2)(A) ) is amended— (1) by striking $5,000,000 each place it appears and inserting $10,000,000 ; and (2) by striking $5,500,000 each place it appears and inserting $10,000,000 .