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.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Introduced in House
Referred to the House Committee on Small Business.
Commerce
Business investment and capitalCredit and credit marketsGovernment information and archivesSmall businessSmall Business Administration
To require the Small Business Administration to make information relating to lenders making covered loans publicly available, and for other purposes.
USA115th CongressHR-1590| House
| Updated: 3/16/2017
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.