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H.R.2799 — Expanding Access to Capital Act of 2023

House Roll Call

H.R.2799

Roll 69 • Congress 118, Session 2 • Mar 7, 2024 2:20 PM • Result: Agreed to

← Back to roll call list • View bill page • Clerk record • API source

BillH.R.2799 — Expanding Access to Capital Act of 2023
Vote questionOn Agreeing to the Amendment
Vote typeRecorded Vote
ResultAgreed to
TotalsYea 269 / Nay 153 / Present 0 / Not Voting 15
PartyYeaNayPresentNot Voting
R2074010
D6214905
I0000

Research Brief

On Agreeing to the Amendment

Bill Analysis

Bill Summary: HR 2799 - Expanding Access to Capital Act of 2023

The Expanding Access to Capital Act of 2023 (HR 2799) aims to enhance access to capital for small businesses and underserved communities by reforming existing financial regulations and expanding federal support programs. The bill seeks to address barriers that hinder equitable access to funding, particularly for minority-owned and women-owned businesses.

Key Provisions:

  1. Regulatory Reforms: HR 2799 proposes to streamline regulatory requirements for small business lending, making it easier for financial institutions to provide loans to small enterprises. This includes revising the criteria for Community Reinvestment Act (CRA) evaluations to better reflect the needs of underserved populations.

  2. Funding Initiatives: The bill authorizes increased funding for the Small Business Administration (SBA) to support microloans and community development financial institutions (CDFIs). This funding aims to bolster the capacity of these organizations to reach more entrepreneurs in need of capital.

  3. Technical Assistance Programs: The legislation mandates the establishment of new technical assistance programs to help small businesses navigate the capital acquisition process, including financial literacy training and business development resources.

Agencies Affected:

  • Small Business Administration (SBA)
  • Department of the Treasury
  • Federal Reserve System

Beneficiaries: The primary beneficiaries of HR 2799 are small businesses, particularly those owned by minorities and women, as well as community development financial institutions that serve these populations. Additionally, local economies are expected to benefit from increased business activity and job creation.

Key Timelines:

  • The bill was introduced in the House and has been read twice in the Senate.
  • It has been referred to the Senate Committee on Banking, Housing, and Urban Affairs for further consideration.

This legislation represents a significant effort to improve access to capital and support economic growth in historically marginalized communities.

View bill source • Clerk record • API record

Yea (269)

C
Colin Allred

TX • D • Aye

D
Dan Bishop

NC • R • Aye

L
Larry Bucshon

IN • R • Aye

M
Michael Burgess

TX • R • Aye

Y
Yadira Caraveo

CO • D • Aye

J
Jerry Carl

AL • R • Aye

L
Lori Chavez-DeRemer

OR • R • Aye

A
Anthony D'Esposito

NY • R • Aye

J
John Duarte

CA • R • Aye

J
Jeff Duncan

SC • R • Aye

A
Anna Eshoo

CA • D • Aye

A
A. Ferguson

GA • R • Aye

M
Matt Gaetz

FL • R • Aye

M
Mike Gallagher

WI • R • Aye

M
Mike Garcia

CA • R • Aye

B
Bob Good

VA • R • Aye

G
Garret Graves

LA • R • Aye

M
Mark Green

TN • R • Aye

D
Daniel Kildee

MI • D • Aye

D
Derek Kilmer

WA • D • Aye

A
Ann Kuster

NH • D • Aye

D
Doug Lamborn

CO • R • Aye

J
Jake LaTurner

KS • R • Aye

D
Debbie Lesko

AZ • R • Aye

B
Blaine Luetkemeyer

MO • R • Aye

P
Patrick McHenry

NC • R • Aye

M
Marcus Molinaro

NY • R • Aye

A
Alexander Mooney

WV • R • Aye

W
Wiley Nickel

NC • D • Aye

M
Mary Peltola

AK • D • Aye

G
Greg Pence

IN • R • Aye

D
Dean Phillips

MN • D • Aye

B
Bill Posey

FL • R • Aye

C
Cathy Rodgers

WA • R • Aye

M
Matthew Rosendale

MT • R • Aye

M
Michelle Steel

CA • R • Aye

E
Eric Swalwell

CA • D • Aye

M
Michael Waltz

FL • R • Aye

B
Brad Wenstrup

OH • R • Aye

B
Brandon Williams

NY • R • Aye

Nay (153)

E
Earl Blumenauer

OR • D • No

J
Jamaal Bowman

NY • D • No

C
Cori Bush

MO • D • No

M
Matt Cartwright

PA • D • No

G
Gerald Connolly

VA • D • No

J
Jeff Jackson

NC • D • No

S
Sheila Jackson Lee

TX • D • No

B
Barbara Lee

CA • D • No

K
Kathy Manning

NC • D • No

G
Grace Napolitano

CA • D • No

B
Bill Pascrell

NJ • D • No

D
Donald Payne

NJ • D • No

C
C. Ruppersberger

MD • D • No

G
Gregorio Sablan

MP • D • No

J
John Sarbanes

MD • D • No

D
David Trone

MD • D • No

J
Jennifer Wexton

VA • D • No

S
Susan Wild

PA • D • No

Not Voting (15)

K
Ken Buck

CO • R • Not Voting

T
Tony Cárdenas

CA • D • Not Voting

K
Kay Granger

TX • R • Not Voting

R
Raúl Grijalva

AZ • D • Not Voting

K
Katie Porter

CA • D • Not Voting