HIT for Small Business Health Care Providers Act of 2006

HIT for Small Business Health Care Providers Act of 2006 - Instructs the Administrator of the Small Business Administration (SBA) to ensure that a portion of certain loan amounts secured by the SBA under the Microloan program and under the 504 loan program (which finances small business concerns through loan guarantees under the Small Business Investment Act of 1958), respectively, are secured by certain guarantees.

Includes among the guarantee requirements that: (1) the purpose of the guarantee is to help a small business acquire capital for the purchase of materials relating to health information technology; and (2) purchase of materials is made pursuant to a plan certified by the Certification Commission for Healthcare Information Technology.

Requires the SBA Inspector General to review periodically a representative sample of such guaranteed loans in order to mitigate fraud and to ensure the safety and soundness of the program.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5971 Introduced in House (IH)]








109th CONGRESS
  2d Session
                                H. R. 5971

To establish the Health Information Technology Loan Program within the 
                     Small Business Administration.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2006

Mrs. Kelly (for herself and Mrs. Johnson of Connecticut) introduced the 
 following bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To establish the Health Information Technology Loan Program within the 
                     Small Business Administration.

    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 ``HIT for Small Business Health Care 
Providers Act of 2006''.

SEC. 2. HEALTH INFORMATION TECHNOLOGY LOAN PROGRAM.

    (a) Program Established.--For each of fiscal years 2007 and 2008, 
the Administrator of the Small Business Administration shall ensure 
that a portion of the total loan amounts secured by the Administration 
under the Microloan program and under the 504 loan program, 
respectively, are secured by guarantees that comply with this section. 
The portion shall be not less than--
            (1) $1,250,000, for the Microloan program; and
            (2) $10,000,000, for the 504 loan program.
    (b) Definitions.--In this section:
            (1) The term ``Microloan program'' means the Microloan 
        program carried out under section 7(m) of the Small Business 
        Act.
            (2) The term ``504 loan program'' means the program 
        (commonly referred to as the 504 loan program) to provide 
        financing to small business concerns by guarantees of loans 
        under title V of the Small Business Investment Act of 1958 (15 
        U.S.C. 695 et seq.).
    (c) Requirements.--A guarantee complies with this section if--
            (1) the purpose of the guarantee is to help a small 
        business acquire capital for the purchase of materials relating 
        to health information technology;
            (2) that purchase of materials described in paragraph (1) 
        is made pursuant to a plan that has been certified by the 
        Certification Commission for Healthcare Information Technology; 
        and
            (3) the guarantee otherwise complies with the requirements 
        of the loan program, except that the amount of the guarantee, 
        in the case of a guarantee under the 504 loan program, may not 
        exceed $75,000.
    (d) Periodic Review.--The Inspector General of the Administration 
shall periodically review a representative sample of loans guaranteed 
under this section to mitigate the risk of fraud and ensure the safety 
and soundness of the implementation of this section.
    (e)  Report.--Not later than January 31 of each year, the 
Administrator shall submit to the Committee on Small Business of the 
House of Representatives and the Committee on Small Business and 
Entrepreneurship of the Senate a report on the activities carried out 
under this section during the most recently completed fiscal year. The 
report shall include information relating to--
            (1) the total number of loans guaranteed under this 
        section; and
            (2) for each loan guaranteed under this section--
                    (A) the amount of the loan;
                    (B) the geographic location, size, and type of 
                small business of the borrower; and
                    (C) the materials relating to health information 
                technology that were purchased through the loan.
    (f) Guidelines.--The Administrator shall issue guidelines for the 
implementation of this Act. The initial guidelines shall be issued not 
later than 60 days after the date of the enactment of this Act.
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