HR 923 · 108th Congress · Commerce
Premier Certified Lenders Program Improvement Act of 2004
Bill Progress
1
Introduced✓
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 108-232.(2004-05-28)
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Plain Language Summary
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Premier Certified Lenders Program Improvement Act of 2002 (sic) - Amends the Small Business Investment Act of 1958 to make loss reserve requirements of lenders under the premier certified lenders (PCL) program inapplicable to PCLs that ensure that the amount of their loss reserve is: (1) not less than $25,000; and (2) sufficient, as determined by a third-party auditor, to protect the Government from the risk of loss associated with the PCL's portfolio of loans. Designates such PCLs as qualified high loss reserve PCLs. Provides related loss reserve requirements.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 923, Premier Certified Lenders Program Improvement Act of 2003
Jun 5, 2003<p>Cost estimate for the bill as ordered reported by the House Committee on Small Business on May 22, 2003</p>
Full CBO report ↗H.R. 923, Premier Certified Lenders Program Improvement Act of 2003
Jun 5, 2003Cost estimate for the bill as ordered reported by the House Committee on Small Business on May 22, 2003
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office