Summary: S.115 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for S.115. Bill summaries are authored by CRS.

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Introduced in Senate (01/07/2015)

Transparency in Small Business Assistance Act

Directs the Administrator of the Small Business Administration (SBA) to collect, for specified periods, information from small businesses that receive SBA assistance, including a loan, loan guarantee, grant, or counseling services.

Requires such information to include: (1) the operational status of the small business and, if it is no longer operational, the reason for closure; (2) the number of part- and full-time employees; and (3) the number of referrals that SBA makes to another federal assistance program if it is unable to provide assistance to the business.