State Small Business Credit Initiative : Implementation and Funding Issues

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

This report is one in a series of updates. For the most recent coverage of this report series, please see 14-R4-2581b in the 2014 issue. Examines implementation of SBA State small business credit i...

This report is one in a series of updates. For the most recent coverage of this report series, please see 14-R4-2581b in the 2014 issue.

Examines implementation of SBA State small business credit initiative (SSBCI) established under P.L. 111-240, the Small Business Jobs Act of 2010, to assist States in efforts to increase amount of capital available by private lenders to small businesses. Discusses Department of Treasury response to initial program audits conducted by GAO and Department of Treasury Office of Inspector General. Covers legislative origins, programs, and funding of SSBCI; and addresses recent audits, evaluation reports, and program adjustments.

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