Title: CLEAR SBA Act
Policy area: Commerce

Summary:
Communicating Lender Activity Reports from the Small Business Administration Act or the CLEAR SBA Act
This bill amends  the Small Business Act to define "covered loan" as a loan made or debenture issued under the Act or the Small Business Investment Act of 1958 by a private individual or entity.
The bill requires the Small Business Administration (SBA) to make publicly available on its website a Lender Activity Index (i.e., a user-friendly database of specified information relating to lenders making covered loans).
The SBA shall: (1) include in the database information relating to covered loans made during FY2009-FY2016, and (2) incorporate information related to such loans on an ongoing basis.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1590 Introduced in House (IH)]

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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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Communicating Lender Activity 
Reports from the Small Business Administration Act'' or the ``CLEAR SBA 
Act''.

SEC. 2. SBA LENDER ACTIVITY INDEX.

    Section 4 of the Small Business Act (15 U.S.C. 633) is amended by 
adding at the end the following:
    ``(i) SBA Lender Activity Index.--
            ``(1) Definition.--In this subsection, the term `covered 
        loan' means a loan made or debenture issued under this Act or 
        the Small Business Investment Act of 1958 (15 U.S.C. 661 et 
        seq.) by a private individual or entity.
            ``(2) Requirement.--Not later than 6 months after the date 
        of enactment of this subsection, the Administrator shall make 
        publicly available on the Web site of the Administration a 
        user-friendly database of information relating to lenders 
        making covered loans (to be known as the `Lender Activity 
        Index').
            ``(3) Data included.--
                    ``(A) In general.--The database made available 
                under paragraph (2) shall include, for each lender 
                making a covered loan--
                            ``(i) the name of the lender;
                            ``(ii) the number of covered loans made by 
                        the lender;
                            ``(iii) the total dollar amount of covered 
                        loans made by the lender;
                            ``(iv) a list of each ZIP Code in which a 
                        recipient of a covered loan made by the lender 
                        is located;
                            ``(v) a list of the industries of the 
                        recipients to which the lender made a covered 
                        loan;
                            ``(vi) whether the covered loan is for an 
                        existing business or a new business;
                            ``(vii) the number and total dollar amount 
                        of covered loans made by the lender to--
                                    ``(I) small business concerns owned 
                                and controlled by women;
                                    ``(II) socially and economically 
                                disadvantaged small business concerns 
                                (as defined in section 8(a)(4)(A)); and
                                    ``(III) small business concerns 
                                owned and controlled by veterans; and
                            ``(viii) whether the covered loan was made 
                        under section 7(a) or under the program to 
                        provide financing to small business concerns 
                        through guarantees of loans under title V of 
                        the Small Business Investment Act of 1958 (15 
                        U.S.C. 695 et seq.).
                    ``(B) Incorporation of data.--The Administrator 
                shall--
                            ``(i) include in the database made 
                        available under paragraph (2) information 
                        relating to covered loans made during fiscal 
                        years 2009, 2010, 2011, 2012, 2013, 2014, 2015, 
                        and 2016; and
                            ``(ii) incorporate information relating to 
                        covered loans on an ongoing basis.
                    ``(C) Period of data availability.--The 
                Administrator shall retain information relating to a 
                covered loan in the database made available under 
                paragraph (2) until not earlier than the end of the 
                third fiscal year beginning after the fiscal year 
                during which the covered loan was made.''.
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