[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 115 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 115

To increase oversight of small business assistance programs provided by 
                   the Small Business Administration.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 7, 2015

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

_______________________________________________________________________

                                 A BILL


 
To increase oversight of small business assistance programs provided by 
                   the Small Business Administration.

    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 ``Transparency in Small Business 
Assistance Act''.

SEC. 2. OVERSIGHT OF SMALL BUSINESS ASSISTANCE PROGRAMS.

    (a) Definitions.--In this Act--
            (1) the terms ``Administration'' and ``Administrator'' mean 
        the Small Business Administration and the Administrator 
        thereof, respectively; and
            (2) the term ``small business concern'' has the meaning 
        given that term in section 3 of the Small Business Act (15 
        U.S.C. 632).
    (b) Oversight of Small Business Assistance Programs.--
            (1) In general.--The Administrator shall collect 
        information from each small business concern that receives 
        assistance from the Administration, including a loan, a loan 
        guarantee, a grant, or counseling services.
            (2) Information to be collected.--The information collected 
        under paragraph (1) shall include--
                    (A) the operational status of each small business 
                concern, to be collected 6 months after and 1 year 
                after the date on which the small business concern 
                receives assistance from the Administration;
                    (B) if a small business concern is no longer 
                operational, the reason for the closure of the small 
                business concern;
                    (C) the number of part-time employees and full-time 
                employees that each small business concern employs, to 
                be collected--
                            (i) 6 months after the date on which the 
                        small business concern receives assistance from 
                        the Administration, and every 6 months 
                        thereafter, during the time the small business 
                        concern is receiving assistance from the 
                        Administration; and
                            (ii) 6 months after and 1 year after the 
                        date on which the small business concern ceases 
                        to receive assistance from the Administration; 
                        and
                    (D) if the Administration is unable to provide 
                assistance to the small business concern, the number of 
                referrals that the Administration makes to another 
                assistance program within the Administration or to 
                another Federal agency.
            (3) Report.--The Administration shall include the 
        information collected under this subsection in the annual 
        report required under section 10(a) of the Small Business Act 
        (15 U.S.C. 639(a)).
    (c) Effective Date.--This Act shall take effect 1 year after the 
date of enactment of this Act.
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