MODIFIED SMALL BUSINESS LENDING DISCLOSURE.

SEC. 477. MODIFIED SMALL BUSINESS LENDING DISCLOSURE. The Federal Reserve Board shall collect and publish, on an annual basis, information on the availability of credit to small businesses. The information shall, to the extent practicable— (1) include information on commercial loans to small businesses, agricultural loans to small farms, and loans to minority-owned small businesses; (2) be given for categories of small businesses determined by annual sales and for small businesses in existence for less than 1 year; and (3) be given for each geographic region of the United States. In collecting the information, the Federal Reserve Board shall take into consideration the need to minimize reporting costs, if any, on financial institutions.