S. 967 · 114th Congress
CLEAR SBA Act
- Stage
- Reported from committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2015-04-15
- Latest action
- 2016-05-26 · By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-267.
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 these 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.