December 2, 2025
Received; read twice and referred to the Committee on Finance
December 4, 2025
Previous action vitiated, read twice and placed on the calendar
To increase loan limits for loans made to small manufacturers, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Made in America Manufacturing Finance Act
.
Sec. 2. Definitions
Section 3 of the Small Business Act (15 U.S.C. 632) is amended by adding at the end the following:
(gg) Small manufacturer
The term small manufacturer means a small business concern—
(1)
the primary business of which is classified in sector 31, 32, or 33 of the North American Industrial Classification System; and
(2)
all of the production facilities of which are located in the United States.
Sec. 3. Small Business Act loan limits for small manufacturers
Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended—
(1)
in paragraph (3)—
(A)
in subparagraph (A)—
(i)
by inserting except as provided in subparagraph (B),
before if the total
;
(ii)
by striking would exceed $3,750,000
and inserting the following:
would exceed—
(i)
$3,750,000;
(iii)
in clause (i), as so designated, by striking , except as provided in subparagraph (B);
and inserting ; or
; and
(iv)
by adding at the end the following:
(ii)
in the case of a borrower that is a small manufacturer, $7,500,000 (or if the gross loan amount would exceed $10,000,000);; and
(B)
in subparagraph (B)—
(i)
by striking would exceed $4,500,000
and inserting the following:
would exceed—
(i)
$4,500,000;
(ii)
in clause (i), as so designated, by striking section 7(a)(14) for export purposes; and
and inserting paragraph (14) for export purposes; or
; and
(iii)
by adding at the end the following:
(ii)
in the case of a borrower that is a small manufacturer, $9,000,000 (or if the gross loan amount would exceed $10,000,000), of which not more than $8,000,000 may be used for working capital, supplies, or financings under paragraph (14) for export purposes; and; and
(2)
in paragraph (14)(B)(i), by striking than $5,000,000.
and inserting the following:
than—
(I)
except as provided in subclause (II), $5,000,000; or
(II)
in the case of a loan made to a small manufacturer, $10,000,000.
Sec. 4. Small Business Investment Act of 1958 loan limits for small manufacturers
Section 502(2)(A)(iii) of the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)(iii)) is amended by striking $5,500,000
and inserting $10,000,000
.