A bill to amend the Small Business Act to strengthen the Office of Credit Risk Management within the Small Business Administration, and for other purposes.
Small Business 7(a) Lending Oversight Reform Act of 2018
This bill amends the Small Business Act to provide statutory authority for the Small Business Administration (SBA) Office of Credit Risk Management and the SBA Lender Oversight Committee.
For FY2018 and each ensuing fiscal year, the SBA may, with congressional approval, increase the cap for general business loans if the cap will be reached within that fiscal year. An increase may only be implemented once each fiscal year.
Became Public Law No: 115-189.
Referred to the House Committee on Small Business.
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 351.
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 115-322.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-265.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-265.
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