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S. 1001 (114th): Small Business Lending Reauthorization Act of 2015

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The text of the bill below is as of Jun 10, 2015 (Reported by Senate Committee). The bill was not enacted into law.

II

Calendar No. 111

114th CONGRESS

1st Session

S. 1001

IN THE SENATE OF THE UNITED STATES

April 16, 2015

(for himself, Mr. Peters, Mr. Gardner, Mrs. Shaheen, Ms. Ayotte, Ms. Hirono, and Mr. Coons) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

June 10, 2015

Reported by , without amendment

A BILL

To establish authorization levels for general business loans for fiscal years 2015 and 2016.

1.

Short title

This Act may be cited as the Small Business Lending Reauthorization Act of 2015.

2.

General business loans authorization

Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended—

(1)

by redesignating subsection (j) as subsection (f); and

(2)

by adding at the end the following:

(g)

Fiscal year 2015

For fiscal year 2015, the Administrator is authorized to make $20,500,000,000 in general business loans, as provided in section 7(a).

(h)

Fiscal year 2016

For fiscal year 2016, the Administrator is authorized to make $23,500,000,000 in general business loans, as provided in section 7(a).

.

June 10, 2015

Reported without amendment