US Congress House Bill 5029 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on April 21 2016 - 25% progression, died in committee
Action: 2016-04-21 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Small Business Lending Assistance Act of 2016 This bill amends the Small Business Act with respect to guarantee fees for small business loans. The Small Business Administration (SBA) shall have discretion not to collect a guarantee fee for a loan repayable in one year or less. The SBA may not, however, collect a guarantee fee in connection with a loan repayable in one year or less if it is made to a borrower that resides in a county with an annual unemployment rate for the preceding calendar year of at least one percentage point greater than the national annual unemployment rate for that year.

Small Business Lending Assistance Act of 2016

Rep. Pete Aguilar [D-CA]	Rep. Eleanor Norton [D-DC]	Rep. Brad Ashford [D-NE]	Rep. Scott Peters [D-CA]
Rep. Derek Kilmer [D-WA]

Date	Chamber	Action
2016-04-21	House	Referred to the House Committee on Small Business.
2016-04-21	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/5029/all-info
Text	https://www.congress.gov/114/bills/hr5029/BILLS-114hr5029ih.pdf