3.0.0 2138 2022-11-01T13:50:35Z 2022-11-01T13:50:35Z Senate S 2019-07-17 116 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2019-07-17T17:22:41Z 2019-07-17 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2019-07-17 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N Commerce Appropriations Congressional oversight Executive agency funding and structure Government lending and loan guarantees Small Business Administration Small business User charges and fees Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Commerce 00 2019-07-17 Introduced in Senate 2020-05-01T14:09:24Z Small-Dollar and Veterans Loans Enhancement Act

This bill eliminates or reduces fees on Small Business Administration (SBA) small-dollar loans for borrowers and certain lenders.

Specifically, in years when the SBA projects its loan programs will operate at a surplus, the SBA must waive or reduce to the maximum extent possible (1) guarantee and yearly fees on all loans to small-dollar borrowers; (2) guarantee fees on express loans to veterans; and (3) if funds allow, fees for lenders making express loans to veterans.

The Congressional Budget Office shall submit an estimate of the cost of providing such fee waivers or reductions.

]]> Small-Dollar and Veterans Loans Enhancement Act Display Title Small-Dollar and Veterans Loans Enhancement Act Short Title(s) as Introduced Small-Dollar and Veterans Loans Enhancement Act Introduced in Senate IS Official Title as Introduced A bill to waive participant fees on small-dollar and veteran Express loans in the largest loan program of the Small Business Administration to close the capital gap for underserved business owners, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2138is/xml/BILLS-116s2138is.xml 2019-07-17 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.