SBA Intermediary Lending Program Act of 2014
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 22, 2014)
SBA Intermediary Lending Program Act of 2014 - Amends the Small Business Act to make permanent the Small Business Administration (SBA) Intermediary Lending Program (ILP).
Limits to a maximum of: (1) $1 million a single ILP loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the program, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017.
Authorizes the Administrator, during FY2018 and each ensuing fiscal year, to use amounts made available for the program.
What just happenedJul 22, 2014
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateJul 22, 2014
- Jul 22, 2014IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jul 22, 2014IntroReferralB00100
Sponsor introductory remarks on measure. (CR S4707-4708)
- Jul 22, 2014IntroReferral10000
Introduced in Senate