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Bill

HR 3244

CASH Act

119th Congress Introduced by Frank Lucas

H.R. 3244 would harmonize and streamline capital access for small businesses, simplifying programs and eligibility for lenders and regulators.

Introduced in House
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WeVote Research Nonpartisan
Bill Summary · HR 3244

HR 3244 — Capital Access for Small Businesses Harmonization Act (CASH Act)

Overview

  • Bill Number: HR 3244
  • Short Title: The Capital Access for Small Businesses Harmonization Act (CASH Act)
  • Introduced: May 7, 2025
  • Status: Introduced in the House; Referred to the House Committee on Small Business

Purpose and Intent

  • The bill’s title indicates an aim to harmonize capital access for small businesses. However, the available information does not include a full text or stated objectives beyond the short title, so the specific goals, definitions, and mechanisms are not described in the provided content.

Provisions (as Introduced)

  • Version Content available: Introduced in the House includes only the bill’s short title and citation.
  • No substantive sections or enumerated provisions are included in the provided text. Therefore, there are no details on programs, standards, funding, eligibility, or regulatory changes to summarize.

Potential Impact (Based on Title and Purpose)

  • If enacted, the CASH Act would likely seek to streamline, align, or simplify pathways for small businesses to access capital. Possible areas of impact (not specified in the text) could include:
    • Harmonization of existing capital-access programs or regulations across agencies.
    • Clarification of eligibility criteria for small-business loans or investment programs.
    • Streamlining reporting, compliance, or application processes for lenders and borrowers.
  • Because the actual provisions are not provided, the specific fiscal impact, implementation timeline, and regulatory changes cannot be determined from the current summary.

Affected Parties

  • Likely affected: small businesses seeking capital, financial institutions and lenders that work with small-business credit, and government agencies or programs involved in capital access. The exact beneficiaries and stakeholders would depend on the bill’s detailed provisions, which are not included in the introduced text.

Procedural History and Next Steps

  • Introduced in the House on May 7, 2025.
  • Referred to the House Committee on Small Business on the same day.
  • Next steps (typical congressional process): committee review and potential hearings or markups, committee vote, and floor consideration. If approved by the House, the bill would proceed to the Senate (or be acted upon by a conference committee if there are differences with Senate-passed versions).

How to Track Further Information

  • Check Congress.gov for HR 3244 to view the full text, amendments, sponsor information, and current status.
  • Monitor updates from the House Committee on Small Business for hearing schedules or proposed amendments.

Compiled from official sources — confirm details with the bill’s official record.

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