RLF Act
Public Law 116-192 · S. 4075 · 116th Congress · began in the Senate
Signed by Donald Trump (R) on Oct 30, 2020 · Commerce
Sponsor: Sen. Shelley Capito (R-WV)
Cosponsors (9): Sen. Benjamin Cardin, Sen. Steve Daines,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Reinvigorating Lending for the Future Act or the RLF Act
This bill reduces reporting requirements for recipients of Revolving Loan Fund grants, which provide funds to capitalize lending programs for businesses that cannot obtain traditional bank financing.
Specifically, upon request by a qualifying grantee, the Economic Development Administration (EDA) must release any federal interest in a grant—thereby relieving the grantee of associated federal reporting requirements—if the request is made at least seven years after the final disbursement of the original grant. Currently, the EDA may release the federal interest in a grant beginning 20 years after the grant was awarded.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Related bills
1 bill the Library of Congress relates to this one.
H.R. 7388Identical bill
RLF Act
Data notes
Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 15 actions.
- Oct 30, 2020Became lawBecame law · Became Public Law No: 116-192.
- Became lawBecame law · Signed by President.
- Oct 20, 2020FloorFloor · Presented to President.
- Oct 1, 2020FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill Agreed to by voice vote.
- FloorFloor · DEBATE - The House proceeded with forty minutes of debate on S. 4075.
- FloorFloor · Considered under suspension of the rules.
- FloorFloor · Mr. Carbajal moved to suspend the rules and pass the bill.
- Aug 14, 2020FloorFloor · Held at the desk.
- FloorFloor · Received in the House.
- Aug 11, 2020FloorFloor · Message on Senate action sent to the House.
- Aug 6, 2020FloorFloor · Passed Senate without amendment by Unanimous Consent.
- CommitteeCommittee · Senate Committee on Environment and Public Works discharged by Unanimous Consent.
- Jun 25, 2020CommitteeCommittee · Read twice and referred to the Committee on Environment and Public Works.
- IntroducedIntroduced · Introduced in Senate
Data notes
Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.
Amendments
No amendments to this bill are on record.
Data notes
Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.
Official record
The bill’s full text is on Congress.gov. Data through Oct 7, 2026.