3.0.0 2288 2023-01-11T14:50:59Z 2023-01-11T14:50:59Z Senate S S 2007-11-01 110 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2007-11-01T19:14:17Z 2007-11-01 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S13689-13691) IntroReferral 2007-11-01 Sponsor introductory remarks on measure. (CR S13689) IntroReferral B00100 9 Library of Congress 2007-11-01 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2007-11-01 True Commerce Civil Rights and Liberties, Minority Issues Congress Congressional investigations Contracts Economics and Public Finance Executive compensation Federally-guaranteed loans Finance and Financial Sector Loan defaults Performance measurement Right of privacy Securities Small business Standards Commerce 00 2007-11-01 Introduced in Senate 2008-04-02T14:09:05Z Small Business Lending Oversight and Program Performance Improvement Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to develop and publish portfolio quality evaluation standards to evaluate the loan portfolios of lenders participating in the section 7(a) (SBA-guaranteed loans to small businesses) and 504 (financing to small businesses funded by SBA-guaranteed debentures) programs of the Small Business Act. Requires the standards to measure the rates of loan liquidation, currency, recovery, and delinquency, and to be used by the Administrator to determine lender portfolio quality and to conduct lender oversight. Requires quarterly lender evaluations, and allows for onsite reviews of covered lenders.

Directs the Administrator to: (1) calculate loan default rates; (2) inform lenders of their portfolio quality ranking; (3) develop and publish loan recipient economic performance evaluation measurements; and (4) ensure the privacy of collected information.

Amends the Small Business Investment Act of 1958 to require a state or local development company (lender) participating in an SBA loan program to execute a written contract with each executive or highly paid company employee which includes the amount of compensation, benefits, and transfer of anything of value to that executive or employee. Requires such contract to be approved by that company's board of directors.

Directs the Comptroller General to conduct a study of the 7(a) loan program relating to lender oversight and portfolio examination and review fees.

]]> Small Business Lending Oversight and Program Performance Improvement Act of 2007 Display Title Small Business Lending Oversight and Program Performance Improvement Act of 2007 Official Title as Introduced A bill to establish portfolio quality standards, improve lender oversight by the Small Business Administration, create economic outcome and performance measurements, strengthen the loan programs under section 7(a) of the Small Business Act and title V of the Small Business Investment Act of 1958, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Lending Oversight and Program Performance Improvement Act of 2007 Introduced in Senate 2007-11-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2288is/xml/BILLS-110s2288is.xml 2007-11-01 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S13689-13691) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.