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- S.2138
S.2138: Small-Dollar and Veterans Loans Enhancement Act
About This Bill
- Introduced July 17, 2019
- Latest Major Action July 17, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - July 17, 2019
Bill Summary
Small-Dollar and Veterans Loans Enhancement Act This bill 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;...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 17, 2019 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| July 17, 2019 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |