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Bill114th CongressFiled Apr 15, 2015Commerce
S. 967

CLEAR SBA Act

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to senate with amendment(s) (Jun 10, 2015)

Communicating Lender Activity Reports from the Small Business Administration Act or the CLEAR SBA Act

(Sec. 2) Amends the Small Business Act to direct the Small Business Administration (SBA) to make publicly available a user-friendly database of information relating to lenders making loans under such Act or the Small Business Investment Act of 1958.

Requires the SBA to: (1) include in the database information on such loans made during FY2009-FY2015, and (2) incorporate information relating to such loans on an ongoing basis.

Prohibits the SBA from requiring lenders to submit additional information or to otherwise increase burdens on lenders in order to comply with this Act.

Expresses the sense of Congress that no additional funds should be made available to carry out this Act.

What just happenedMay 26, 2016

By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-267.

Who’s behind it

Sen. Shaheen, Jeanne [D-NH](D-NH)Sponsor
4 cosponsors3 D1 R
Read on Congress.gov
4cosponsors1committees8actions1related bills5subjects
  1. May 26, 2016Floor

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-267.

    Small Business and Entrepreneurship Committee
  2. May 26, 2016Committee14900

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-267.

    Small Business and Entrepreneurship Committee
  3. Jun 10, 2015Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 108.

  4. Jun 10, 2015Committee

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.

    Small Business and Entrepreneurship Committee
  5. Jun 10, 2015Committee14000

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.

    Small Business and Entrepreneurship Committee
  6. Apr 23, 2015Committee

    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Small Business and Entrepreneurship Committee
  7. Apr 15, 2015IntroReferral

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Small Business and Entrepreneurship Committee
  8. Apr 15, 2015IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Jun 10, 20151

Communicating Lender Activity Reports from the Small Business Administration Act or the CLEAR SBA Act

(Sec. 2) Amends the Small Business Act to direct the Small Business Administration (SBA) to make publicly available a user-friendly database of information relating to lenders making loans under such Act or the Small Business Investment Act of 1958.

Requires the SBA to: (1) include in the database information on such loans made during FY2009-FY2015, and (2) incorporate information relating to such loans on an ongoing basis.

Prohibits the SBA from requiring lenders to submit additional information or to otherwise increase burdens on lenders in order to comply with this Act.

Expresses the sense of Congress that no additional funds should be made available to carry out this Act.

Introduced in SenateApr 15, 2015

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.

CLEAR SBA Act — Informed