II 

Calendar No. 169 

113TH CONGRESS 

1ST SESSION S. 537 

[Report No. 113–91] 

To require the Small Business Administration to make information relating 

to lenders making covered loans publicly available, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 12, 2013 

Ms. LANDRIEU introduced the following bill; which was read twice and 

referred to the Committee on Small Business and Entrepreneurship 

SEPTEMBER 10, 2013 

Reported by Ms. LANDRIEU, with amendments 

[Insert the part printed in italic] 

A BILL 

To require the Small Business Administration to make information relating to lenders making covered loans publicly 

available, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 


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1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Communicating Lend3 er Activity Reports from the Small Business Administra4 tion Act’’ or the ‘‘CLEAR SBA Act’’. 

5 SEC. 2. SBA LENDER ACTIVITY INDEX. 

6 (a) IN GENERAL.—Section 4 of the Small Business 

7 Act (15 U.S.C. 633) is amended by adding at the end the 

8 following: 

9 ‘‘(g) SBA LENDER ACTIVITY INDEX.— 

10 ‘‘(1) DEFINITION.—In this subsection, the term 

11 ‘covered loan’ means a loan made or debenture 

12 issued under this Act or the Small Business Invest13 ment Act of 1958 (15 U.S.C. 661 et seq.) by a pri14 vate individual or entity. 

15 ‘‘(2) REQUIREMENT.—Not later than 6 months 

16 after the date of enactment of this subsection, the 

17 Administrator shall make publicly available on the 

18 website of the Administration a user-friendly data19 base of information relating to lenders making cov20 ered loans (to be known as the ‘Lender Activity 

21 Index’). 

22 ‘‘(3) DATA INCLUDED.— 

23 ‘‘(A) IN GENERAL.—The database made 

24 available under paragraph (2) shall include, for 

25 each lender making a covered loan— 

26 ‘‘(i) the name of the lender; 


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1 ‘‘(ii) the number of covered loans 

2 made by the lender; 

3 ‘‘(iii) the total dollar amount of cov4 ered loans made by the lender; 

5 ‘‘(iv) a list of each ZIP Code in which 

6 a recipient of a covered loan made by the 

7 lender is located; 

8 ‘‘(v) a list of the industries of the re9 cipients to which the lender made a cov10 ered loan; 

11 ‘‘(vi) whether the covered loan is for 

12 an existing business or a new business; 

13 ‘‘(vii) the number and total dollar 

14 amount of covered loans made by the lend15 er to— 

16 ‘‘(I) small business concerns 

17 owned and controlled by women; 

18 ‘‘(II) socially and economically 

19 disadvantaged small business concerns 

20 (as defined in section 8(a)(4)(A)); and 

21 ‘‘(III) small business concerns 

22 owned and controlled by veterans; and 

23 ‘‘(viii) whether the covered loan was 

24 made under section 7(a) or under the pro25 gram to provide financing to small busiVerDate Mar 15 2010 23:55 Sep 10, 2013 Jkt 029200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\S537.RS S537

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1 ness concerns through guarantees of loans 

2 under title V of the Small Business Invest3 ment Act of 1958 (15 U.S.C. 695 et seq.). 

4 ‘‘(B) INCORPORATION OF DATA.—The Ad5 ministrator shall— 

6 ‘‘(i) include in the database made 

7 available under paragraph (2) information 

8 relating to covered loans made during fis9 cal years 2009, 2010, 2011, 2012, and 

10 2013; and 

11 ‘‘(ii) incorporate information relating 

12 to covered loans on an ongoing basis. 

13 ‘‘(C) PERIOD OF DATA AVAILABILITY.— 

14 The Administrator shall retain information re15 lating to a covered loan in the database made 

16 available under paragraph (2) until not earlier 

17 than the end of the third fiscal year beginning 

18 after the fiscal year during which the covered 

19 loan was made. 

20 ‘‘(4) NO ADDITIONAL BURDENS ON LENDERS.— 

21 The Administrator may not require lenders to submit 

22 additional information or otherwise increase burdens 

23 on lenders in order to comply with this subsection.’’. 

24 (b) SENSE OF CONGRESS RELATING TO USING EXIST25 ING FUNDS.—It is the sense of Congress that no additional 


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1 funds shall be made available to carry out the amendments 

2 made by this Act. 


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Calendar No. 169 

113TH CONGRESS 

1ST SESSION S. 537 

[Report No. 113–91] 

A BILL 

To require the Small Business Administration to 

poses. ered loans publicly available, and for other purmake information relating to lenders making covSEPTEMBER 10, 2013 

Reported with amendments 


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