HR 3719 · 104th Congress · Commerce
Small Business Programs Improvement Act of 1996
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate.(1996-09-06)
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Plain Language Summary
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TABLE OF CONTENTS: Title I: Amendments to Small Business Act Title II: Amendments to Small Business Investment Act Small Business Programs Improvement Act of 1996 - Title I: Amendments to Small Business Act - Amends the Small Business Act (the Act) to direct the Administrator of the Small Business Administration (SBA) to establish a loan risk management data base capable of providing timely and accurate information for identifying loan underwriting, collections, recovery, and liquidation problems. Outlines information to be maintained in such database. Provides deadlines for database operational capability. (Sec. 103) Allows the Administrator to designate as a certified lender only a lender who has made in each of the preceding two fiscal years: (1) eight or more loans to non-rural small businesses; and (2) four or more loans to rural small businesses. Provides for suspension and revocation of such designation. Allows such lenders to use uniform and simplified loan forms. Prohibits more than ten percent of the total small business loans guaranteed by the SBA in a fiscal year from being awarded as part of an SBA pilot program. States that the Administrator may not prohibit a lender …
Summarized by Claude AI · Non-partisan · For informational purposes only