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S. 397IntroducedSenate · nowHousePresidentLawIn committee
Sec. 3 · S. 397

GAO report on default rates

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Not later than 3 years after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report on the performance, including the default rate, of loans made under section 7(b)(1) of the Small Business Act (15 U.S.C. 636(b)(1)), and the impact of the amendments to collateral amounts made under section 2 of this Act on the performance of those loans, during the period— (1) beginning on September 30, 2020; and (2) ending on the date on that is 2 years after the date of enactment of this Act.

Sec. 3: GAO report on default rates · Public Law Tracker