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HR 1590 115th Congress House Commerce Business investment and capital Credit and credit markets Government information and archives Small Business Administration Small business

CLEAR SBA Act

Introduced: March 16, 2017 Introduced by: Torres, Norma J. Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 2017
Referred to the House Committee on Small Business.
Mar 16, 2017
Introduced in House
 Plain-English summary Congressional Research Service

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 (SBA) 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-FY2016, and (2) incorporate information related to such loans on an ongoing basis.

What's happening now March 16, 2017

Referred to the House Committee on Small Business.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3