[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3836 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 3836

   To amend the Small Business Act to make permanent the Small Loan 
               Advantage program, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 27, 2012

   Ms. Hahn introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
   To amend the Small Business Act to make permanent the Small Loan 
               Advantage program, 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 ``SBA Loan Paperwork Reduction Act of 
2012''.

SEC. 2. SMALL LOAN ADVANTAGE PROGRAM.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
amended by adding at the end the following:
            ``(36) Small loan advantage.--
                    ``(A) Permanent establishment.--The Administrator 
                shall carry out a Small Loan Advantage program in 
                accordance with this paragraph.
                    ``(B) Administration of program.--Except as 
                otherwise provided under this paragraph, the 
                Administrator shall carry out the Small Loan Advantage 
                program in the same manner as the Small Loan Advantage 
                loan initiative of the Administration--
                            ``(i) under which lenders were eligible to 
                        begin submitting loans on February 15, 2011; 
                        and
                            ``(ii) as in effect on January 24, 2012.
                    ``(C) Nonapplicability of pilot program 
                limitations.--No limitation under paragraph (25)(A) 
                applies to the Small Loan Advantage program under this 
                paragraph.''.
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