U.S. Senators Risch, Crapo, and Scott introduce legislation to counteract federal competition in small business lending.
Quiver AI Summary
U.S. Senators Jim Risch, Mike Crapo, and Tim Scott introduced the Protecting Access to Credit for Small Businesses Act, aimed at blocking a Biden administration rule that would have required community banks and credit unions to compete with the federal government in issuing loans. The legislation seeks to maintain the Small Business Administration's (SBA) traditional lending structure to better support local businesses.
Risch emphasized the importance of preserving private lenders' roles, stating, "Access to capital remains one of the biggest challenges small businesses face." Meanwhile, Crapo criticized federal intervention as redundant and noted that private institutions could efficiently assist in capital access without government competition. Scott highlighted the SBA's poor lending track record compared to local banks.
The proposed action follows President Biden's 2025 budget that permits the SBA to directly issue loans under the 7(a) program. Past SBA efforts have reportedly faced issues, including significant fraud in pandemic-related lending programs, raising concerns about government efficacy in direct lending.
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James E. Risch Net Worth
Quiver Quantitative estimates that James E. Risch is worth $56.5M, as of August 22nd, 2025. This is the 28th highest net worth in Congress, per our live estimates.
Risch has approximately $395.6K invested in publicly traded assets which Quiver is able to track live.
You can track James E. Risch's net worth on Quiver Quantitative's politician page for Risch.
James E. Risch Bill Proposals
Here are some bills which have recently been proposed by James E. Risch:
- S.2647: International Trafficking Victims Protection Reauthorization Act of 2025
- S.2562: Equal Shot Act of 2025
- S.2427: Zero-Based Regulatory Budgeting to Unleash American Energy Act of 2025
- S.2401: 287(g) Program Protection Act
- S.2251: Say No to Indoctrination Act
- S.1902: ETAP Act of 2025
You can track bills proposed by James E. Risch on Quiver Quantitative's politician page for Risch.
James E. Risch Fundraising
James E. Risch recently disclosed $520.8K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 142nd most from all Q2 reports we have seen this year. 72.8% came from individual donors.
Risch disclosed $163.1K of spending. This was the 341st most from all Q2 reports we have seen from politicians so far this year.
Risch disclosed $2.9M of cash on hand at the end of the filing period. This was the 97th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track James E. Risch's fundraising on Quiver Quantitative.
