S. 3992 is a bill that aims to stop the Administrator of the Small Business Administration (SBA) from making direct loans through the 7(a) loan program. This program is typically used to support small businesses in obtaining financing. The bill also specifies that the SBA...
Simple Explanation
The bill wants to stop a big helper, the Small Business Administration, from giving money directly to small businesses in one special way, but it will still take care of the ones they're already helping.