HR 4743 · 115th Congress · Commerce
Small Business 7(a) Lending Oversight Reform Act of 2018
Bill Progress
1
Introduced2
Committee✓
House Vote✓
Senate✓
EnactedLatest: Became Public Law No: 115-189.(2018-06-21)
Plain Language Summary
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Small Business 7(a) Lending Oversight Reform Act of 2018 This bill amends the Small Business Act to provide statutory authority for the Small Business Administration (SBA) Office of Credit Risk Management and the SBA Lender Oversight Committee. For FY2018 and each ensuing fiscal year, the SBA may, with congressional approval, increase the cap for general business loans if the cap will be reached within that fiscal year. An increase may only be implemented once each fiscal year.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4743, Small Business 7(a) Lending Oversight Reform Act of 2018
May 24, 2018As Passed by the U.S. House of Representatives on May 8, 2018
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (11)
7 Democrats4 Republicans