US Congress Senate Bill 2138 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on July 17 2019 - 25% progression, died in committee
Action: 2019-07-17 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

Eliminates or reduces fees on Small Business Administration (SBA) small-dollar loans for borrowers and certain lenders. Specifically, in years when the SBA projects its loan programs will operate at a surplus, the SBA must waive or reduce to the maximum extent possible (1) guarantee and yearly fees on all loans to small-dollar borrowers; (2) guarantee fees on express loans to veterans; and (3) if funds allow, fees for lenders making express loans to veterans. The Congressional Budget Office shall submit an estimate of the cost of providing such fee waivers or reductions.

Small-Dollar and Veterans Loans Enhancement Act

Sen. Benjamin Cardin [D-MD]

Date	Chamber	Action
2019-07-17	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/2138/all-info
Text	https://www.congress.gov/116/bills/s2138/BILLS-116s2138is.pdf