Loans in our Neighborhoods Act

Cost and committee reports

Official records Congress.gov attaches to H.R. 7242.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. THANEDAR, as printed in the Congressional Record (Vol. 170, No. 20, February 5, 2024, Page H432):
  Article I, Section 8, Clause 1: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; The single subject of this legislation is: To amend the Small Business Act to increase the maximum gross loan amount for a loan made under section 7(a) of such Act.
  Source: Congress.gov, Congressional Record February 5, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  375 characters

  Congress.gov bill record

  H.R. 7242, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/7242

  Record last updated by Congress.gov

  August 3, 2024

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  ecb91b6bec4513dc31960fff28a956452471e40029ace87edf5c8fcb6497667a

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of August 3, 2024). Not every bill gets one.

From the Congress.gov bill record for H.R. 7242, last updated August 3, 2024. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.