Fair Access to Small Business Lending Act

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Apr 29, 2021

Fair Access to Small Business Lending Act

This bill requires the Small Business Administration (SBA) to carry out an initiative to expand the availability of 7(a) loans to small businesses that are located in low- or moderate-income neighborhoods. (Under the 7(a) Program, the SBA provides business loans and loan guaranties to small business borrowers unable to obtain financing elsewhere.)

The SBA must expand authorization for providing 7(a) loans to lenders that meet the criteria to make such loans but have not otherwise been approved to do so. Such lenders must ensure that at least 50% of loans they make that are guaranteed pursuant to the bill are made to small businesses in low- or moderate-income neighborhoods.

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People & committees

Who introduced it

Sen. Rubio, Marco [R-FL] · R–FL

Committees

Small Business and Entrepreneurship Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Apr 29, 2021
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 29, 2021
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Apr 29, 2021 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

S 1369 · Fair Access to Small Business Lending Act of 2023

Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.

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Objective

Analyze S.1509 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.1509, 117th Congress: Fair Access to Small Business Lending Act

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/1509

Text version to examine: Introduced in Senate · 2021-04-29.

Official full text: https://www.congress.gov/117/bills/s1509/BILLS-117s1509is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.1509 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.1509 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.1509, 117th Congress: Fair Access to Small Business Lending Act

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/1509

Text version to examine: Introduced in Senate · 2021-04-29.

Official full text: https://www.congress.gov/117/bills/s1509/BILLS-117s1509is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1509 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Conservative lens

Examine S.1509 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.1509, 117th Congress: Fair Access to Small Business Lending Act

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/1509

Text version to examine: Introduced in Senate · 2021-04-29.

Official full text: https://www.congress.gov/117/bills/s1509/BILLS-117s1509is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1509 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.1509, 117th Congress: Fair Access to Small Business Lending Act

Official record: https://www.congress.gov/bill/117th-congress/senate-bill/1509

Text version to examine: Introduced in Senate · 2021-04-29.

Official full text: https://www.congress.gov/117/bills/s1509/BILLS-117s1509is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.1509 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.