II 

Calendar No. 108 

114TH CONGRESS 

1ST SESSION S. 967 

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 

APRIL 15, 2015 

Mrs. SHAHEEN (for herself, Mrs. FISCHER, Ms. CANTWELL, Ms. HIRONO, and 

Mr. PETERS) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship 

JUNE 10, 2015 

Reported by Mr. VITTER, with an amendment 

[Strike out all after the enacting clause and 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, 

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’’. 


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1 SEC. 2. SBA LENDER ACTIVITY INDEX. 

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

3 is amended by adding at the end the following: 

4 ‘‘(g) SBA LENDER ACTIVITY INDEX.— 

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

6 ‘covered loan’ means a loan made or debenture 

7 issued under this Act or the Small Business Invest8 ment Act of 1958 (15 U.S.C. 661 et seq.) by a pri9 vate individual or entity. 

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

11 after the date of enactment of this subsection, the 

12 Administrator shall make publicly available on the 

13 website of the Administration a user-friendly data14 base of information relating to lenders making cov15 ered loans (to be known as the ‘Lender Activity 

16 Index’). 

17 ‘‘(3) DATA INCLUDED.— 

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

19 available under paragraph (2) shall include, for 

20 each lender making a covered loan— 

21 ‘‘(i) the name of the lender; 

22 ‘‘(ii) the number of covered loans 

23 made by the lender; 

24 ‘‘(iii) the total dollar amount of cov25 ered loans made by the lender; 


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

2 a recipient of a covered loan made by the 

3 lender is located; 

4 ‘‘(v) a list of the industries of the re5 cipients to which the lender made a cov6 ered loan; 

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

8 an existing business or a new business; 

9 ‘‘(vii) the number and total dollar 

10 amount of covered loans made by the lend11 er to— 

12 ‘‘(I) small business concerns 

13 owned and controlled by women; 

14 ‘‘(II) socially and economically 

15 disadvantaged small business concerns 

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

17 ‘‘(III) small business concerns 

18 owned and controlled by veterans; and 

19 ‘‘(viii) whether the covered loan was 

20 made under section 7(a) or under the pro21 gram to provide financing to small busi22 ness concerns through guarantees of loans 

23 under title V of the Small Business Invest24 ment Act of 1958 (15 U.S.C. 695 et seq.). 


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1 ‘‘(B) INCORPORATION OF DATA.—The Ad2 ministrator shall— 

3 ‘‘(i) include in the database made 

4 available under paragraph (2) information 

5 relating to covered loans made during fis6 cal years 2009, 2010, 2011, 2012, 2013, 

7 2014, and 2015; and 

8 ‘‘(ii) incorporate information relating 

9 to covered loans on an ongoing basis. 

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

11 The Administrator shall retain information re12 lating to a covered loan in the database made 

13 available under paragraph (2) until not earlier 

14 than the end of the third fiscal year beginning 

15 after the fiscal year during which the covered 

16 loan was made.’’. 

17 SECTION 1. SHORT TITLE. 

18 This Act may be cited as the ‘‘Communicating Lender 

19 Activity Reports from the Small Business Administration 

20 Act’’ or the ‘‘CLEAR SBA Act’’. 

21 SEC. 2. SBA LENDER ACTIVITY INDEX. 

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

23 (15 U.S.C. 633) is amended by adding at the end the fol24 lowing: 

25 ‘‘(g) SBA LENDER ACTIVITY INDEX.— 


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

2 ‘covered loan’ means a loan made or debenture issued 

3 under this Act or the Small Business Investment Act 

4 of 1958 (15 U.S.C. 661 et seq.) by a private indi5 vidual or entity. 

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

7 after the date of enactment of this subsection, the Ad8 ministrator shall make publicly available on the 

9 website of the Administration a user-friendly database 

10 of information relating to lenders making covered 

11 loans (to be known as the ‘Lender Activity Index’). 

12 ‘‘(3) DATA INCLUDED.— 

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

14 available under paragraph (2) shall include, for 

15 each lender making a covered loan— 

16 ‘‘(i) the name of the lender; 

17 ‘‘(ii) the number of covered loans made 

18 by the lender; 

19 ‘‘(iii) the total dollar amount of cov20 ered loans made by the lender; 

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

22 a recipient of a covered loan made by the 

23 lender is located; 


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1 ‘‘(v) a list of the industries of the re2 cipients to which the lender made a covered 

3 loan; 

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

5 existing business or a new business; 

6 ‘‘(vii) the number and total dollar 

7 amount of covered loans made by the lender 

8 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 business 

19 concerns through guarantees of loans under 

20 title V of the Small Business Investment Act 

21 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 fiscal 

2 years 2009, 2010, 2011, 2012, 2013, 2014, 

3 and 2015; and 

4 ‘‘(ii) incorporate information relating 

5 to covered loans on an ongoing basis. 

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

7 Administrator shall retain information relating 

8 to a covered loan in the database made available 

9 under paragraph (2) until not earlier than the 

10 end of the third fiscal year beginning after the 

11 fiscal year during which the covered loan was 

12 made. 

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

14 The Administrator may not require lenders to submit 

15 additional information or otherwise increase burdens 

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

17 (b) SENSE OF CONGRESS RELATING TO USING EXIST18 ING FUNDS.—It is the sense of Congress that no additional 

19 funds shall be made available to carry out the amendments 

20 made by this Act. 


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Calendar No. 108 

114TH CONGRESS 

1ST SESSION S. 967 

A BILL 

To require the Small Business Administration to 

poses. ered loans publicly available, and for other purmake information relating to lenders making covJUNE 10, 2015 

Reported with an amendment 


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