HR 6112
114th Congress
House
Commerce
CLEAR SBA Act
Introduced: September 21, 2016
Introduced by:
Torres, Norma J.
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2016
Referred to the House Committee on Small Business.
Sep 21, 2016
Introduced in House
Plain-English summary
Communicating Lender Activity Reports from the Small Business Administration Act or the CLEAR SBA Act
This bill amends the Small Business Act to define "covered loan" as a loan made or debenture issued under the Act or the Small Business Investment Act of 1958 by a private individual or entity.
The bill requires the Small Business Administration to make publicly available on its website a Lender Activity Index (i.e., a user-friendly database of specified information relating to lenders making covered loans).
The SBA shall: (1) include in the database information relating to covered loans made during FY2009-FY2015, and (2) incorporate information related to such loans on an ongoing basis.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1