HR 3836 · 112th Congress · Commerce

SBA Loan Paperwork Reduction Act of 2012

Introduced 2012-01-27· Sponsored by Rep. Hahn, Janice [D-CA-36]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2012-01-27)

Plain Language Summary

[AI summary unavailable — showing source text] SBA Loan Paperwork Reduction Act of 2012 - Directs the Administrator of the Small Business Administration (SBA) to carry out a Small Loan Advantage Program in the same manner as, and as a replacement for, the SBA Small Loan Advantage loan initiative. (Under the loan initiative, SBA lenders make partially guaranteed, lower-dollar small business loans which often benefit businesses in underserved areas or markets.) Makes pilot program loan guarantee percentage limits inapplicable to the Small Loan Advantage Program.…

Summarized by Claude AI · Non-partisan · For informational purposes only