To amend the Small Business Act to authorize the Community Advantage Loan Program of the Small Business Administration, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Small Business Act to authorize the Community Advantage Loan Program of the Small Business Administration, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section idD3E87AD5C5084AF98510A9CD20C2CC7E: 1. Short title; table of contents This Act may be cited as the Community Advantage Loan Program Act of 2023. The table of contents for this Act is as follows:
- Section ideff237c172494e4dad36ac0d239bcdf0: 2. Definitions In this Act: The term Administration means the Small Business Administration. The term Administrator means the Administrator of the...
- Section ide6f69a97171144fe8d2e07582bedac73: 101. Community Advantage Loan Program Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following: (38)Community...
- Section id8840f851854040d1bbf2df8c02eae79e: 201. Short title This title may be cited as the Modernizing SBA's Business Loan Programs Act of 2023.
- Section id299758005b8f4cd9be4681bd2212d659: 202. Findings Congress finds that— in 1982, the Administration placed a moratorium on licensing new small business lending companies because the Administration...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Small Business Act to authorize the Community Advantage Loan Program of the Small Business Administration, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Transportation
Primary Purpose
This bill, To amend the Small Business Act to authorize the Community Advantage Loan Program of the Small Business Administration, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
ReportedMr. Cardin, from the Committee on Small Business and Entrepreneurship, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator_of_sba"
- → Administrator of the Small Business Administration
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
a small business concern— that is located in— a low- to moderate-income community
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology