Posted from ESRA
The Small Business Loan Simplification Act of 2014 was introduced on the floor of the U.S. House of Representatives this afternoon. The House Committee on Small Business invited ESRA’s Public Policy Committee to Washington, DC for a meeting this past July. ESRA provided industry insights; education about ESIGN, UETA, GPEA; and recommendations for the proposed legislation being considered. Support was gathered by the House Committee from industry, including providers of electronic signature and record technology, the banking community, and a number of organizations representing various types of SBA lenders. ESRA has continued to share consultative feedback throughout the process. Earlier this week ESRA offered its official support of the bill to the chairman of the House Small Business Committee, Sam Graves. If enacted by Congress, this legislation achieves the important goal of making the SBA loan application process more efficient and will get capital in the hands of small businesses more easily. To find out more, click here for the press release issued by the House Small Business Committee.