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CLEAR SBA Act

1/11/2023, 1:35 PM

Congressional Summary of HR 1590

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 (SBA) to make publicly available on its website a Lender Activity Index (i.e., a user-friendly database of specified information relating to lenders making covered loans).

The SBA shall: (1) include in the database information relating to covered loans made during FY2009-FY2016, and (2) incorporate information related to such loans on an ongoing basis.

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Current Status of Bill HR 1590

Bill HR 1590 is currently in the status of Bill Introduced since March 16, 2017. Bill HR 1590 was introduced during Congress 115 and was introduced to the House on March 16, 2017.  Bill HR 1590's most recent activity was Referred to the House Committee on Small Business. as of March 16, 2017

Bipartisan Support of Bill HR 1590

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
4
Democrat Cosponsors
4
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1590

Primary Policy Focus

Commerce

Potential Impact Areas

- Business investment and capital
- Credit and credit markets
- Government information and archives
- Small Business Administration
- Small business

Alternate Title(s) of Bill HR 1590

CLEAR SBA Act
To require the Small Business Administration to make information relating to lenders making covered loans publicly available, and for other purposes.
CLEAR SBA Act
Communicating Lender Activity Reports from the Small Business Administration Act

Comments

Sponsors and Cosponsors of HR 1590

Norma J. Torres
Norma J. Torres
CaliforniaDemocrat
Darren Soto
Darren Soto
FloridaDemocrat
Eric Swalwell
Eric Swalwell
CaliforniaDemocrat
Eleanor Holmes Norton
Eleanor Holmes Norton
District of ColumbiaDemocrat
André Carson
André Carson
IndianaDemocrat

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