S. 2283: Small Business 7(a) Lending Oversight Reform Act of 2018
CBO Report Details
Legislation Details
115th Congress
A bill to amend the Small Business Act to strengthen the Office of Credit Risk Management within the Small Business Administration, and for other purposes.
Sponsor: Sen. James Risch — R — ID
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.
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