Sens. Rick Scott and Tim Scott introduce a bill aimed at reducing government waste and supporting small businesses through local lenders.
Quiver AI Summary
On August 4, 2025, Senators Rick Scott and Tim Scott, along with eight co-sponsors, introduced the "Protecting Access to Credit for Small Businesses Act." The bill aims to reduce government fraud and waste by prohibiting a rule that allows the SBA to compete with community banks and credit unions in lending to small businesses.
Senator Rick Scott emphasized the importance of supporting small businesses, stating, "They shouldn't be subject to big government overreach." Co-sponsor Senator Tim Scott argued that the SBA's direct lending is unnecessary and may harm local businesses by competing with private lenders.
Supporting organizations and banking leaders have voiced their approval of the bill, highlighting the need for efficient lending practices through local financial institutions rather than direct government involvement. The legislation seeks to enhance the role of community banks in facilitating capital for small businesses.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Rick Scott Net Worth
Quiver Quantitative estimates that Rick Scott is worth $554.6M, as of August 4th, 2025. This is the 2nd highest net worth in Congress, per our live estimates.
Scott has approximately $52.1M invested in publicly traded assets which Quiver is able to track live.
You can track Rick Scott's net worth on Quiver Quantitative's politician page for Scott.
Rick Scott Bill Proposals
Here are some bills which have recently been proposed by Rick Scott:
- S.2670: A bill to require the Secretary of the Treasury to designate certain covered organizations as Foreign Financial Threat Organizations, and for other purposes.
- S.2593: A bill to direct the Secretary of Commerce to submit a report assessing vulnerabilities to the electric grid in the United States from certain Internet-connected devices and applications, and for other purposes.
- S.2499: A bill to amend the Federal Reserve Act to strike a provision relating to earnings on balances, and for other purposes.
- S.2406: A bill to amend the Immigration and Nationality Act to authorize admission of Canadian retirees as long-term visitors for pleasure described in section 101(a)(15)(B) of such Act, and for other purposes.
- S.2384: A bill to monitor United States investments in entities that are controlled by foreign adversaries, and for other purposes.
- S.2382: A bill to amend the Sarbanes-Oxley Act of 2002 to provide for disclosure regarding foreign jurisdictions that hinder inspections, and for other purposes.
You can track bills proposed by Rick Scott on Quiver Quantitative's politician page for Scott.
Rick Scott Fundraising
Rick Scott recently disclosed $242.1K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 356th most from all Q2 reports we have seen this year. 37.2% came from individual donors.
Scott disclosed $343.5K of spending. This was the 134th most from all Q2 reports we have seen from politicians so far this year.
Scott disclosed $732.9K of cash on hand at the end of the filing period. This was the 368th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Rick Scott's fundraising on Quiver Quantitative.
