The Supporting Community Lenders Act establishes a new Coordinator for Community Financial Institutions position within the Small Business Administration's Office of Capital Access. The Coordinator will be responsible for developing and implementing strategies to support community financial institutions and help them provide capital access to small businesses, particularly in underserved communities. The bill requires the SBA Administrator to designate someone for this role within 180 days of enactment, and the Coordinator must have knowledge of community financial institutions and experience serving small businesses in underserved areas. The Coordinator will manage outreach, training, and technical support programs, work with other federal agencies like the Treasury Department and Federal Deposit Insurance Corporation, hold public meetings at least twice yearly, and submit a comprehensive report to Congress every three years on activities and recommendations. The bill does not specify dedicated funding amounts but tasks the new position with improving how community lenders support small business access to capital.
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