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- S.2992
S.2992: Small Business Lending Oversight Act of 2016
About This Bill
- Introduced May 25, 2016
- Latest Major Action Dec. 20, 2016
Bill Sponsor
Bill Cosponsors
5 (2 Democrats, 3 Republicans)
Bill Summary
Small Business Lending Oversight Act of 2016 (Sec. 2) This bill amends the Small Business Act to establish within the Small Business Administration (SBA) an Office of Credit Risk Management (OCRM) to impose specified administrative penalties, including monetary penalties, on any loan-financing lender that knowingly and repeatedly: fails properly to determine and document that a small business loan is eligible for financing, including failure...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
| Date | Description |
|---|---|
| Dec. 20, 2016 |
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report under authority of the order of the Senate of 12/10/2016. Report No. 114-421.
|
| June 9, 2016 |
Placed on Senate Legislative Calendar under General Orders. Calendar No. 512.
|
| June 9, 2016 |
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
|
| June 8, 2016 |
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
|
| May 26, 2016 |
Committee on Small Business and Entrepreneurship. Hearings held.
|
| May 25, 2016 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| May 25, 2016 |
Introduced in the Senate by David Vitter (R-La.) |