To prohibit the Administrator of the Small Business Administration from directly making loans under the 7(a) loan program, and for other purposes.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5848 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5848

To prohibit the Administrator of the Small Business Administration from 
   directly making loans under the 7(a) loan program, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2023

 Mr. Luetkemeyer (for himself, Mr. Williams of Texas, Mr. Meuser, Ms. 
Van Duyne, Mr. Bean of Florida, Mr. LaLota, and Mr. Alford) introduced 
   the following bill; which was referred to the Committee on Small 
                                Business

_______________________________________________________________________

                                 A BILL


 
To prohibit the Administrator of the Small Business Administration from 
   directly making loans under the 7(a) loan program, 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. PROHIBITION ON DIRECT 7(A) LOANS.

    (a) In General.--Notwithstanding any provision of subsection (a) of 
section 7 of the Small Business Act (15 U.S.C. 636(a)), the 
Administrator of the Small Business Administration may not directly 
make a loan pursuant to such subsection.
    (b) Existing Loans.--The Administrator of the Small Business 
Administration shall service a direct loan made under section 7(a) of 
the Small Business Act (15 U.S.C. 636(b)) if such loan was made before 
the date of the enactment of this Act.
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