Establishment of the Lending.gov platform

Not later than 6 months after the date of enactment of this Act, the Administrator shall submit to the Director and the appropriate congressional committees a plan to establish the Platform utilizing commercially available loan management technology, which shall include— (1) designation of a lead agency as the initial Provider and operational host of the Platform; (2) a review of Federal loan programs subject to integration into the Platform, in coordination with the Federal Credit Policy Council, including the agency that is the designated authority for each such Federal loan program; (3) common deficiencies and areas of wasteful spending resulting from the use of outdated systems, including the findings of reports from various inspectors general of agencies and reports from the Government Accountability Office, among agencies that can be addressed through the creation of the Platform utilizing modern loan management technology; (4) the proposed operational framework of the Platform; (5) a plan to integrate commercial loan management technology to assist with standing-up and operating the Platform at the best value to the Federal Government, in accordance with section 3307 of title 41, United States Code; (6) a timeline for implementation of the Platform; and (7) an estimate of the costs of implementing the Platform.