A bill to increase oversight of small business assistance programs provided by the Small Business Administration.
Transparency in Small Business Assistance Act - Directs the Administrator of the Small Business Administration (SBA) to collect, for specified periods, information from small businesses that receive SBA assistance, including a loan, loan guarantee, grant, or counseling services.
Requires such information to include: (1) the operational status of the small business concern and, if it is no longer operational, the reason for closure; (2) the number of part- and full-time employees; and (3) the number of referrals that SBA makes to another federal assistance program if it is unable to provide assistance to the concern.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
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