IN THE SENATE OF THE UNITED STATES
April 16, 2015
Mr. Risch (for himself, Mr. Peters, Mr. Gardner, and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
To establish authorization levels for general business loans for fiscal years 2015 and 2016.
This Act may be cited as the
Small Business Lending Reauthorization Act of 2015.
General business loans authorization
Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended—
by redesignating subsection (j) as subsection (f); and
by adding at the end the following:
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).
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).