Premier Certified Lenders Program Improvement Act of 2002

openUnited States· United States Congress· EN

Introduced

24 July 2002

Last action

25 July 2002 · Introduced

Status

Sponsor introductory remarks on measure. (CR E1354)

Summary

Premier Certified Lenders Program Improvement Act of 2002 - Amends the Small Business Investment Act of 1958 to make loss reserve requirements of lenders under the premier certified lenders (PCL) program inapplicable to PCLs that ensure that the amount of their loss reserve is: (1) not less than $25,000; and (2) sufficient, as determined by a third-party auditor, to protect the Government from the risk of loss associated with the PCL's portfolio of loans. Designates such PCLs as qualified high loss reserve PCLs. Provides related loss reserve requirements.

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Timeline

24 July 2002
Introduced
Referred to the House Committee on Small Business.
Source: IntroReferral
24 July 2002
Introduced
Introduced in House
Source: IntroReferral
24 July 2002
Introduced
Introduced in House
Source: IntroReferral
25 July 2002
Introduced
Sponsor introductory remarks on measure. (CR E1354)
Source: IntroReferral

Votes

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Versions

Introduced in House · 24 July 2002 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 24 July 2002
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Introduced in House (PDF)
Introduced in House · EN · 24 July 2002
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Introduced in House
summary · EN · 24 July 2002
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Related records

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Sources

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Official source: https://www.congress.gov/bill/107th-congress/house-bill/5198
Open data entity: https://api.congress.gov/v3/bill/107/hr/5198
us · 107-hr-5198 · source updated 19 August 2025