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<BillSummaries>
<item congress="113" measure-type="s" measure-number="2637" measure-id="id113s2637" originChamber="SENATE" orig-publish-date="2014-07-22" update-date="2014-09-04">
<title>SBA Intermediary Lending Program Act of 2014</title>
<summary summary-id="id113s2637v00" currentChamber="SENATE" update-date="2014-09-04">
<action-date>2014-07-22</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>SBA Intermediary Lending Program Act of 2014 - Amends the Small Business Act to make permanent the Small Business Administration (SBA) Intermediary Lending Program (ILP). </p> <p>Limits to a maximum of: (1) $1 million a single ILP loan to an eligible intermediary, (2) $5 million the total amount outstanding and committed to the intermediary by the Administrator under the program, and (3) $20 million the total amount of all ILP loans during each of FY2015-FY2017.</p> <p>Authorizes the Administrator, during FY2018 and each ensuing fiscal year, to use amounts made available for the program.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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