I 

115TH CONGRESS 

1ST SESSION H. R. 1590 

To require the Small Business Administration to make information relating 

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

IN THE HOUSE OF REPRESENTATIVES 

MARCH 16, 2017 

Mrs. TORRES (for herself, Ms. NORTON, Mr. SOTO, Mr. SWALWELL of California, and Mr. CARSON of Indiana) introduced the following bill; which 

was referred to the Committee on Small Business 

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, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Communicating Lend5 er Activity Reports from the Small Business Administra6 tion Act’’ or the ‘‘CLEAR SBA Act’’. 

7 SEC. 2. SBA LENDER ACTIVITY INDEX. 

8 Section 4 of the Small Business Act (15 U.S.C. 633) 

9 is amended by adding at the end the following: 


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1 ‘‘(i) SBA LENDER ACTIVITY INDEX.— 

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

3 ‘covered loan’ means a loan made or debenture 

4 issued under this Act or the Small Business Invest5 ment Act of 1958 (15 U.S.C. 661 et seq.) by a pri6 vate individual or entity. 

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

8 after the date of enactment of this subsection, the 

9 Administrator shall make publicly available on the 

10 Web site of the Administration a user-friendly data11 base of information relating to lenders making cov12 ered loans (to be known as the ‘Lender Activity 

13 Index’). 

14 ‘‘(3) DATA INCLUDED.— 

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

16 available under paragraph (2) shall include, for 

17 each lender making a covered loan— 

18 ‘‘(i) the name of the lender; 

19 ‘‘(ii) the number of covered loans 

20 made by the lender; 

21 ‘‘(iii) the total dollar amount of cov22 ered loans made by the lender; 

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

24 a recipient of a covered loan made by the 

25 lender is located; 


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1 ‘‘(v) a list of the industries of the re2 cipients to which the lender made a cov3 ered loan; 

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

5 an existing business or a new business; 

6 ‘‘(vii) the number and total dollar 

7 amount of covered loans made by the lend8 er to— 

9 ‘‘(I) small business concerns 

10 owned and controlled by women; 

11 ‘‘(II) socially and economically 

12 disadvantaged small business concerns 

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

14 ‘‘(III) small business concerns 

15 owned and controlled by veterans; and 

16 ‘‘(viii) whether the covered loan was 

17 made under section 7(a) or under the pro18 gram to provide financing to small busi19 ness concerns through guarantees of loans 

20 under title V of the Small Business Invest21 ment Act of 1958 (15 U.S.C. 695 et seq.). 

22 ‘‘(B) INCORPORATION OF DATA.—The Ad23 ministrator shall— 

24 ‘‘(i) include in the database made 

25 available under paragraph (2) information 


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1 relating to covered loans made during fis2 cal years 2009, 2010, 2011, 2012, 2013, 

3 2014, 2015, and 2016; and 

4 ‘‘(ii) incorporate information relating 

5 to covered loans on an ongoing basis. 

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

7 The Administrator shall retain information re8 lating to a covered loan in the database made 

9 available under paragraph (2) until not earlier 

10 than the end of the third fiscal year beginning 

11 after the fiscal year during which the covered 

12 loan was made.’’. 

Æ 


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