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Referenced Laws
15 U.S.C. 636(a)
Section 1
1. Short title This Act may be cited as the Protecting Access to Credit for Small Businesses Act.
Section 2
2. Prohibition on direct 7(a) loans 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. 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(a)) if such loan was made before the date of enactment of this Act.