Bills · S 3417
IN COMMITTEE· 119TH CONGRESS
Senate BillS 3417Commerce
Main Street Lending Improvement Act of 2025
INTRO DEC 10· LAST ACTION DEC 10
READING
5MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because small businesses are vital for local economies, creating jobs and providing essential goods and services. When small businesses struggle to access funding quickly, it can hinder their growth, lead to job losses, or even cause them to fail. This bill aims to identify and fix delays and inefficiencies in how federal small business loans are delivered, which are often critical for a business's survival and expansion.
If this bill becomes law and its recommendations are implemented, small businesses could gain faster and easier access to the money they need to operate, innovate, and expand. This means more jobs, stronger local economies, and more resilient communities. If it doesn't pass, the existing issues in the loan disbursement process might continue, potentially slowing economic growth and making it harder for small businesses, particularly in underserved regions like Appalachia, to thrive.
KEY PROVISIONS
4AI-extractedPROVISION 01
Directs the Comptroller General of the United States to conduct a study on the process for disbursing certain small business loans.
This is the core action of the bill, initiating a formal review of the efficiency of federal small business lending.
PROVISION 02
Requires the study to cover small business loans made between January 1, 2021, and December 31, 2024, excluding COVID-19 specific loan programs.
This defines the specific timeframe and types of loans to be analyzed, focusing on traditional lending processes.
PROVISION 03
Mandates the study to analyze disbursement times, application step durations, loan approval and disbursement rates, and loan amounts for businesses in regions that include parts of the Appalachian region.
These specific metrics will provide a comprehensive understanding of where inefficiencies and disparities might exist in the loan process.
PROVISION 04
Requires an interim briefing to Congress within one year and a final report within two years, including recommendations to improve loan accessibility, reduce disbursement times, and increase applicant information.
This ensures transparency and provides actionable steps to improve the small business loan process for future applicants.
SPONSORSHIP
1 + 0
R· West Virginia
YRS IN OFFICE
1
BILLS LED
16
ACTION TIMELINE
2 EVENTSDEC 10
Introduced in Senate
DEC 10
Read twice and referred to the Committee on Small Business and Entrepreneurship.
BILL INFO
TypeSenate Bill
NumberS 3417
Congress119th
StatusIn Committee
IntroducedDec 10, 2025
Last actionDec 10, 2025
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IN COMMITTEE· 119TH CONGRESS · SMALL BUSINESS AND ENTREPRENEURSHIP COMMITTEE · INTRODUCED DEC 10, 2025
Senate BillS 3417Commerce
Main Street Lending Improvement Act of 2025
INTRODUCED DEC 10, 2025· LAST ACTION DEC 10, 2025
PASSAGE CHANCES
—%
READING
5 min
COSPONSORS
0
COMPLEXITY
Moderate
