HB2207 • 2025

An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.

Small Business

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: FRIEL
Last action: 2026-06-25
Official status: Referred to FINANCE, June 25, 2026
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.

What This Bill Does

An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-25 S
In the Senate
2026-06-25 FINANCE
Referred to FINANCE, June 25, 2026
2026-06-22 APPROPRIATIONS
Re-reported as committed, June 22, 2026
2026-06-22 H
Third consideration and final passage, June 22, 2026 (202-0)
2026-06-17 RULES
Re-reported as committed, June 17, 2026
2026-06-17 H
Second consideration, June 17, 2026
2026-06-17 APPROPRIATIONS
Re-committed to APPROPRIATIONS, June 17, 2026
2026-06-08 COMMERCE
Reported as committed, June 8, 2026
2026-06-08 H
First consideration, June 8, 2026
2026-06-08 RULES
Re-committed to RULES, June 8, 2026
2026-02-09 COMMERCE
Referred to COMMERCE, Feb. 9, 2026

Official Summary Text

An Act amending Title 12 (Commerce and Trade) of the Pennsylvania Consolidated Statutes, in small business first, further providing for capital development loans.

Current Bill Text

Read the full stored bill text

PRINTER'S NO. 2901
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 2207
Session of
2026
INTRODUCED BY FRIEL, LAWRENCE, KINKEAD, KHAN, SAPPEY AND CEPEDA-
FREYTIZ, FEBRUARY 9, 2026
REFERRED TO COMMITTEE ON COMMERCE, FEBRUARY 9, 2026
AN ACT
Amending Title 12 (Commerce and Trade) of the Pennsylvania
Consolidated Statutes, in small business first, further
providing for capital development loans.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2306(c)(1)(i) of Title 12 of the
Pennsylvania Consolidated Statutes is amended to read:
§ 2306. Capital development loans.
* * *
(c) Authority review.--
(1) Within 30 days of receiving a recommendation and a
completed application, the authority shall review the
application. If the authority is satisfied that all
requirements have been met, the authority may approve the
loan request in accordance with the following:
(i) A loan for land, buildings and machinery and
equipment may not exceed [$400,000] $2,000,000 or 50% of
the total capital development project costs, whichever is
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less. For the purposes of this subparagraph, capital
development project costs incurred during the 12-month
period prior to the date of submission of the application
to the authority shall be considered part of the total
capital development project costs.
* * *
Section 2. This act shall take effect in 60 days.
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