Small Business Lending Assistance Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 21, 2016)
Small Business Lending Assistance Act of 2016
This bill amends the Small Business Act with respect to guarantee fees for small business loans.
The Small Business Administration (SBA) shall have discretion not to collect a guarantee fee for a loan repayable in one year or less.
The SBA may not, however, collect a guarantee fee in connection with a loan repayable in one year or less if it is made to a borrower that resides in a county with an annual unemployment rate for the preceding calendar year of at least one percentage point greater than the national annual unemployment rate for that year.
What just happenedApr 21, 2016
Referred to the House Committee on Small Business.
Who’s behind it
- Introduced in HouseApr 21, 2016
- Apr 21, 2016IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - Apr 21, 2016IntroReferralIntro-H
Introduced in House
- Apr 21, 2016IntroReferral1000
Introduced in House