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119-s-1555Committee
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Made in America Manufacturing Finance Act of 2025

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Summary

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This bill increases federal loan limits for small manufacturers under the Small Business Act and Small Business Investment Act of 1958. It defines 'small manufacturer' as a small business with primary operations in manufacturing (NAICS sectors 31–33) and all production facilities located in the United States. The bill raises Section 7(a) loan limits from $3.75 million to $7.5 million for small manufacturers (up to $10 million gross), and Section 502 loan limits from $5.5 million to $10 million. It requires the SBA Inspector General to analyze default rates and risks within two years, and mandates annual reports on job creation and retention from larger loans to small manufacturers for five years.

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Bill details

Congress
119
Bill type
s
Introduced
May 1, 2025
Sponsor
Joni ErnstRIA
Cosponsors
6
Last action
May 13, 2026— Committee on Small Business and Entrepreneurship. Hearings held.

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