H.R. 6112 · 114th Congress
CLEAR SBA Act
- Stage
- In committee
- Sponsor
- Norma Torres
- Introduced
- 2016-09-21
- Latest action
- 2016-09-21 · Introduced in House
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.