[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1113 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1113

  To amend the Small Business Act to direct the Administrator of the 
    Small Business Administration to establish an office within the 
 Administration to conduct oversight of certain loan programs, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 20, 2001

Ms. Eddie Bernice Johnson of Texas introduced the following bill; which 
            was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To amend the Small Business Act to direct the Administrator of the 
    Small Business Administration to establish an office within the 
 Administration to conduct oversight of certain loan programs, and for 
                            other purposes.

    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 Loan Oversight 
Improvement Act''.

SEC. 2. SMALL BUSINESS LOAN OVERSIGHT OFFICE.

    The Small Business Act (15 U.S.C. 637 et seq.) is amended--
            (1) by redesignating section 36 as section 37; and
            (2) by inserting after section 35 the following new 
        section:

``SEC. 36. SMALL BUSINESS LOAN OVERSIGHT OFFICE.

    ``(a) In General.--In accordance with this section, the 
Administrator of the Small Business Administration shall establish an 
office within the Administration to conduct oversight of the loan 
programs authorized by section 7(a) (in this section referred to as the 
`loan programs').
    ``(b) Duties.--The duties of the office established under 
subsection (a) shall include--
            ``(1) collection and analysis of data related to loans made 
        under the loan programs;
            ``(2) identification of any abuse with respect to the loan 
        programs;
            ``(3) identification of any unnecessary financial risk to 
        the United States arising from the loan programs; and
            ``(4) collection and analysis of data with respect to the 
        compliance of lenders participating in the loan programs with 
        the Small Business Administration's program policies.
    ``(c) Annual Report.--Not later than 2 years after the date of 
enactment of the Small Business Loan Oversight Improvement Act, and 
annually thereafter, the Administrator of the Small Business 
Administration shall transmit to the Committees on Small Business and 
Government Reform of the House of Representatives, and the Committees 
on Small Business and Governmental Affairs of the Senate, a report 
containing--
            ``(1) data and analysis with respect to loans made under 
        the loan programs during the reporting period;
            ``(2) any recommendations for improving the loan programs, 
        reducing abuse of the loan programs, or reducing the financial 
        risk to the United States under the loan programs;
            ``(3) data and analysis with respect to lenders 
        participating in the loan programs; and
            ``(4) any other information relevant to congressional 
        oversight of the loan programs.''
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