Public Law 115-189: Small Business 7(a) Lending Oversight Reform Act of 2018

By | June 1, 2019
Seal of the United States Small Business Administration (SBA)
Seal of the United States Small Business Administration (SBA).

Allows the SBA to increase the cap on general business loans once per fiscal year.

Official Summary

Passed House
Passed Senate
Signed by President
Became Public Law


Amended in committee.


Original sponsor: Rep. Chabot, Steve [R-OH-1]

Cosponsors: Rep. Velazquez, Nydia M. [D-NY-7], Rep. Marshall, Roger W. [R-KS-1], Rep. Gonzalez-Colon, Jenniffer [R-PR-At Large], Rep. Radewagen, Aumua Amata Coleman [R-AS-At Large], Rep. Chu, Judy [D-CA-27], Rep. Murphy, Stephanie N. [D-FL-7], Rep. Espaillat, Adriano [D-NY-13], Rep. Evans, Dwight [D-PA-2], Rep. Clarke, Yvette D. [D-NY-9], Rep. Norman, Ralph [R-SC-5], Rep. Lawson, Al, Jr. [D-FL-5]


Passed House by voice vote.

Passed Senate by unanimous consent.

Related bill:  S 2283 (Related bill; did not pass the Senate)


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