[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 967 Reported in Senate (RS)]

                                                       Calendar No. 108
114th CONGRESS
  1st Session
                                 S. 967

   To require the Small Business Administration to make information 
 relating to lenders making covered loans publicly available, and for 
                            other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 15, 2015

Mrs. Shaheen (for herself, Mrs. Fischer, Ms. Cantwell, Ms. Hirono, and 
  Mr. Peters) introduced the following bill; which was read twice and 
    referred to the Committee on Small Business and Entrepreneurship

                             June 10, 2015

               Reported by Mr. Vitter, with an amendment
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 A BILL


 
   To require the Small Business Administration to make information 
 relating to lenders making covered loans publicly available, and for 
                            other purposes.

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

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

<DELETED>    This Act may be cited as the ``Communicating Lender 
Activity Reports from the Small Business Administration Act'' or the 
``CLEAR SBA Act''.</DELETED>

<DELETED>SEC. 2. SBA LENDER ACTIVITY INDEX.</DELETED>

<DELETED>    Section 4 of the Small Business Act (15 U.S.C. 633) is 
amended by adding at the end the following:</DELETED>
<DELETED>    ``(g) SBA Lender Activity Index.--</DELETED>
        <DELETED>    ``(1) Definition.--In this subsection, the term 
        `covered loan' means a loan made or debenture issued under this 
        Act or the Small Business Investment Act of 1958 (15 U.S.C. 661 
        et seq.) by a private individual or entity.</DELETED>
        <DELETED>    ``(2) Requirement.--Not later than 6 months after 
        the date of enactment of this subsection, the Administrator 
        shall make publicly available on the website of the 
        Administration a user-friendly database of information relating 
        to lenders making covered loans (to be known as the `Lender 
        Activity Index').</DELETED>
        <DELETED>    ``(3) Data included.--</DELETED>
                <DELETED>    ``(A) In general.--The database made 
                available under paragraph (2) shall include, for each 
                lender making a covered loan--</DELETED>
                        <DELETED>    ``(i) the name of the 
                        lender;</DELETED>
                        <DELETED>    ``(ii) the number of covered loans 
                        made by the lender;</DELETED>
                        <DELETED>    ``(iii) the total dollar amount of 
                        covered loans made by the lender;</DELETED>
                        <DELETED>    ``(iv) a list of each ZIP Code in 
                        which a recipient of a covered loan made by the 
                        lender is located;</DELETED>
                        <DELETED>    ``(v) a list of the industries of 
                        the recipients to which the lender made a 
                        covered loan;</DELETED>
                        <DELETED>    ``(vi) whether the covered loan is 
                        for an existing business or a new 
                        business;</DELETED>
                        <DELETED>    ``(vii) the number and total 
                        dollar amount of covered loans made by the 
                        lender to--</DELETED>
                                <DELETED>    ``(I) small business 
                                concerns owned and controlled by 
                                women;</DELETED>
                                <DELETED>    ``(II) socially and 
                                economically disadvantaged small 
                                business concerns (as defined in 
                                section 8(a)(4)(A)); and</DELETED>
                                <DELETED>    ``(III) small business 
                                concerns owned and controlled by 
                                veterans; and</DELETED>
                        <DELETED>    ``(viii) whether the covered loan 
                        was made under section 7(a) or under the 
                        program to provide financing to small business 
                        concerns through guarantees of loans under 
                        title V of the Small Business Investment Act of 
                        1958 (15 U.S.C. 695 et seq.).</DELETED>
                <DELETED>    ``(B) Incorporation of data.--The 
                Administrator shall--</DELETED>
                        <DELETED>    ``(i) include in the database made 
                        available under paragraph (2) information 
                        relating to covered loans made during fiscal 
                        years 2009, 2010, 2011, 2012, 2013, 2014, and 
                        2015; and</DELETED>
                        <DELETED>    ``(ii) incorporate information 
                        relating to covered loans on an ongoing 
                        basis.</DELETED>
                <DELETED>    ``(C) Period of data availability.--The 
                Administrator shall retain information relating to a 
                covered loan in the database made available under 
                paragraph (2) until not earlier than the end of the 
                third fiscal year beginning after the fiscal year 
                during which the covered loan was made.''.</DELETED>

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Communicating Lender Activity 
Reports from the Small Business Administration Act'' or the ``CLEAR SBA 
Act''.

SEC. 2. SBA LENDER ACTIVITY INDEX.

    (a) In General.--Section 4 of the Small Business Act (15 U.S.C. 
633) is amended by adding at the end the following:
    ``(g) SBA Lender Activity Index.--
            ``(1) Definition.--In this subsection, the term `covered 
        loan' means a loan made or debenture issued under this Act or 
        the Small Business Investment Act of 1958 (15 U.S.C. 661 et 
        seq.) by a private individual or entity.
            ``(2) Requirement.--Not later than 6 months after the date 
        of enactment of this subsection, the Administrator shall make 
        publicly available on the website of the Administration a user-
        friendly database of information relating to lenders making 
        covered loans (to be known as the `Lender Activity Index').
            ``(3) Data included.--
                    ``(A) In general.--The database made available 
                under paragraph (2) shall include, for each lender 
                making a covered loan--
                            ``(i) the name of the lender;
                            ``(ii) the number of covered loans made by 
                        the lender;
                            ``(iii) the total dollar amount of covered 
                        loans made by the lender;
                            ``(iv) a list of each ZIP Code in which a 
                        recipient of a covered loan made by the lender 
                        is located;
                            ``(v) a list of the industries of the 
                        recipients to which the lender made a covered 
                        loan;
                            ``(vi) whether the covered loan is for an 
                        existing business or a new business;
                            ``(vii) the number and total dollar amount 
                        of covered loans made by the lender to--
                                    ``(I) small business concerns owned 
                                and controlled by women;
                                    ``(II) socially and economically 
                                disadvantaged small business concerns 
                                (as defined in section 8(a)(4)(A)); and
                                    ``(III) small business concerns 
                                owned and controlled by veterans; and
                            ``(viii) whether the covered loan was made 
                        under section 7(a) or under the program to 
                        provide financing to small business concerns 
                        through guarantees of loans under title V of 
                        the Small Business Investment Act of 1958 (15 
                        U.S.C. 695 et seq.).
                    ``(B) Incorporation of data.--The Administrator 
                shall--
                            ``(i) include in the database made 
                        available under paragraph (2) information 
                        relating to covered loans made during fiscal 
                        years 2009, 2010, 2011, 2012, 2013, 2014, and 
                        2015; and
                            ``(ii) incorporate information relating to 
                        covered loans on an ongoing basis.
                    ``(C) Period of data availability.--The 
                Administrator shall retain information relating to a 
                covered loan in the database made available under 
                paragraph (2) until not earlier than the end of the 
                third fiscal year beginning after the fiscal year 
                during which the covered loan was made.
            ``(4) No additional burdens on lenders.--The Administrator 
        may not require lenders to submit additional information or 
        otherwise increase burdens on lenders in order to comply with 
        this subsection.''.
    (b) Sense of Congress Relating to Using Existing Funds.--It is the 
sense of Congress that no additional funds shall be made available to 
carry out the amendments made by this Act.
                                                       Calendar No. 108

114th CONGRESS

  1st Session

                                 S. 967

_______________________________________________________________________

                                 A BILL

   To require the Small Business Administration to make information 
 relating to lenders making covered loans publicly available, and for 
                            other purposes.

_______________________________________________________________________

                             June 10, 2015

                       Reported with an amendment