[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5272 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 5272

  To amend the Small Business Act to require lenders to refer certain 
    borrowers to a small business development center, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 26, 2019

 Ms. Sanchez (for herself, Mr. Ted Lieu of California, Mr. Lowenthal, 
 Mrs. Torres of California, Ms. Roybal-Allard, Mr. Cox of California, 
and Mr. Cisneros) introduced the following bill; which was referred to 
                    the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To amend the Small Business Act to require lenders to refer certain 
    borrowers to a small business development center, 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 ``Supporting Entrepreneurs and 
Economic Development Act'' or the ``SEED Act''.

SEC. 2. SMALL BUSINESS DEVELOPMENT CENTER REFERRALS.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
amended by adding at the end the following new paragraph:
            ``(36) Small business development center referrals.--If a 
        lender determines that a borrower is not eligible for a loan 
        under this subsection, such lender shall refer the borrower to 
        a small business development center. Such referral shall 
        include--
                    ``(A) the address, phone number, and website (if 
                available) of such center; and
                    ``(B) a description of the services offered by such 
                center.''.
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