3.0.0 3604 2024-07-24T15:21:56Z 2024-07-24T15:21:56Z House H HR 2023-05-23 118 [Congressional Record Volume 169, Number 87 (Tuesday, May 23, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DONALDS:H.R. 3604.Congress has the power to enact this legislation pursuantto the following:Art. 1, Sec. 8The single subject of this legislation is:To authorize the Administrator of the Small BusinessAdministration to license lending institutions to make loansunder section 7(a) of the Small Business Act, and for otherpurposes.[Page H2546]]]> hssm00 Small Business Committee House Standing Referred to 2023-05-23T14:00:05Z 2023-05-23 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2023-05-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-05-23 Introduced in House IntroReferral 1000 9 Library of Congress D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 N C001121 Rep. Crow, Jason [D-CO-6] Jason Crow D CO 6 2023-05-23 True Commerce Commerce 2023-06-16T15:15:21Z 00 2023-05-23 Introduced in House 2023-10-04T19:17:41Z Expanding Access to Affordable Credit for Small Businesses Act

This bill establishes rules related to the authorization of lending institutions (including banks, small business lending companies, non-federally regulated lenders, and non-depository lending institutions) to make loans under the 7(a) Program of the Small Business Administration (SBA). Under the 7(a) Program, the SBA provides business loans and loan guaranties to small business borrowers unable to obtain financing elsewhere.

Specifically, the SBA must ensure that these lending institutions and other entities (1) provide an independent audit that examines adherence to all applicable federal laws and regulations regarding anti-money laundering, counterterrorist financing, sanctions, and financial crimes; and (2) implement a compliance program that is designed to conform with relevant anti-money laundering laws and regulations.

]]> Expanding Access to Affordable Credit for Small Businesses Act Display Title 45 Expanding Access to Affordable Credit for Small Businesses Act 2024-07-24T15:21:56Z Short Title(s) as Introduced 101 Expanding Access to Affordable Credit for Small Businesses Act 2024-05-24T13:39:30Z Introduced in House IH Official Title as Introduced 6 To authorize the Administrator of the Small Business Administration to license lending institutions to make loans under section 7(a) of the Small Business Act, and for other purposes. 2024-03-18T20:52:14Z Introduced in House IH Introduced in House 2023-05-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr3604ih/xml/BILLS-118hr3604ih.xml 2023-05-23 Referred to the House Committee on Small Business. 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.