HR 2639
109th Congress
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Small Business Intermediary Lending Pilot Program Act of 2005
Introduced: May 25, 2005
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2005
Referred to the House Committee on Small Business.
May 25, 2005
Sponsor introductory remarks on measure. (CR E1088)
May 25, 2005
Introduced in House
Plain-English summary
Small Business Intermediary Lending Pilot Program Act of 2005 - Establishes a three-year small business intermediary lending pilot program under which the Small Business Administration (SBA) may make direct loans to eligible nonprofit lending intermediaries for the purpose of making fixed interest rate and mid-size loans ($35,000 to $200,000) to startup, newly-established, and growing small businesses. Authorizes the SBA, under the program, to make one percent, 20-year loans of up to $1 million, on a competitive basis, to up to 20 nonprofit lending intermediaries. Requires geographic diversity and representation of urban and rural communities under the program.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1
Cosponsors
1