[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 398 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 398

 To amend the Federal Deposit Insurance Corporation Improvement Act of 
 1991 to provide for greater disclosure of lending to small businesses.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 4, 1995

   Mr. Wynn introduced the following bill; which was referred to the 
              Committee on Banking and Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Federal Deposit Insurance Corporation Improvement Act of 
 1991 to provide for greater disclosure of lending to small businesses.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Lending Disclosure 
Act of 1995''.

SEC. 2. GREATER DISCLOSURE OF LENDING TO SMALL BUSINESSES.

    Section 122(c) of Federal Deposit Insurance Corporation Improvement 
Act of 1991 (12 U.S.C. 1817 nt.) is amended--
            (1) by striking ``may'' and inserting ``shall'';
            (2) in paragraph (1), by striking ``to small businesses.'' 
        and inserting ``to small businesses, and the total number and 
        aggregate dollar amount of applications received for such 
        loans, in each of the following categories (as determined on 
        the basis of the annual sales of the small business):
                    ``(A) Businesses with annual sales of less than 
                $100,000.
                    ``(B) Businesses with annual sales greater than or 
                equal to $100,000 but less than $250,000.
                    ``(C) Businesses with annual sales greater than or 
                equal to $250,000 but less than $500,000.
                    ``(D) Businesses with annual sales greater than or 
                equal to $500,000 but less than $1,000,000.
                    ``(E) Businesses with annual sales greater than or 
                equal to $1,000,000 but less than $10,000,000.''; and
            (3) by adding at the end the following new paragraph:
            ``(4) The total number and aggregate dollar amount of 
        commercial loans and commercial real estate loans, and the 
        total number and aggregate dollar amount of applications 
        received for such loans, in each of the following categories:
                    ``(A) Minority-owned businesses.
                    ``(B) Startup businesses.
                    ``(C) Businesses in operation for less than 1 year 
                (other than startup businesses).''.

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