[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2637 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2637

       To modify the small business intermediary lending program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 22, 2014

   Mr. Levin introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
       To modify the small business intermediary lending program.

    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 Intermediary Lending Program Act 
of 2014''.

SEC. 2. SMALL BUSINESS INTERMEDIARY LENDING PROGRAM.

    Section 7(l) of the Small Business Act (15 U.S.C. 636(l)) is 
amended--
            (1) in the subsection heading, by striking ``Pilot'';
            (2) in paragraph (1)(B), by striking ``pilot'';
            (3) in paragraph (2)--
                    (A) by striking ``3-year''; and
                    (B) by striking ``pilot'';
            (4) in paragraph (4)--
                    (A) by striking subparagraph (B) and inserting the 
                following:
                    ``(B) Loan limits.--
                            ``(i) In general.--No single loan to an 
                        eligible intermediary under this subsection may 
                        exceed $1,000,000.
                            ``(ii) Total amount.--The total amount 
                        outstanding and committed to an eligible 
                        intermediary by the Administrator under the 
                        Program may not exceed $5,000,000.''; and
                    (B) by striking subparagraph (G) and inserting the 
                following:
                    ``(G) Maximum amounts.--The Administrator may make 
                loans under the Program--
                            ``(i) during each of fiscal years 2015, 
                        2016, and 2017, in a total amount of not more 
                        than $20,000,000; and
                            ``(ii) during fiscal year 2018 and each 
                        fiscal year thereafter, using such amounts as 
                        are made available for the Program.''; and
            (5) by striking paragraph (6).
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