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H.R. 4743: Small Business 7(a) Lending Oversight Reform Act of 2018

CBO Score

$11 million

Date of Report

Tue May 22nd, 2018

CBO Report Details

Legislation Details

115th Congress

To amend the Small Business Act to strengthen the Office of Credit Risk Management within the Small Business Administration, and for other purposes.

Sponsor: Rep. Steve Chabot — R — OH

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.

View the full vote history of this bill on GovTrack.us.

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