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S 3596 110th Congress Senate Commerce Economics and Public Finance Federally-guaranteed loans Fees Finance and Financial Sector Interest rates Small business

Small Business Lending Market Stabilization Act of 2008

Introduced: September 25, 2008 See on congress.gov
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2008
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sep 25, 2008
Sponsor introductory remarks on measure. (CR S9505)
Sep 25, 2008
Introduced in Senate
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 Plain-English summary Congressional Research Service

Small Business Lending Market Stabilization Act of 2008 - Directs the Administrator of the Small Business Administration (SBA), to the extent that the cost is offset by appropriations, to collect no fees currently charged by: (1) the SBA to borrowers and lenders under the SBA's 7(a) loan program (SBA-guaranteed general business loans to small businesses); and (2) development companies under SBA's 504 loan program (local business development loans). Directs the Administrator to reimburse development companies for waived fees.

Increases maximum limits on SBA loans made to small businesses under the Small Business Act and on loans made to development companies under the Small Business Investment Act of 1958.

Authorizes a small business whose SBA loan includes the acquisition of a facility or construction of a new facility to lease up to 50% of the space in such facility.

Permits certain borrowers to refinance a limited amount of their preexisting debt through a new 504 loan.

Directs the SBA to establish an optional business size standard for certain small business loan applicants.

Allows the SBA to use weighted average rates when pooling loans for sale on the secondary market.

Directs the SBA to provide lenders at least one alternative loan interest rate to the prime rate.

What's happening now September 25, 2008

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Schumer, Charles E.
New York · Nov 17, 2008
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APA
U.S. Congress. (2026). S. 3596: Small Business Lending Market Stabilization Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-S-3596/
MLA
"S. 3596: Small Business Lending Market Stabilization Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-3596/.
Bluebook (legal)
S. 3596, 110th Cong. (2026), https://openamerica.io/bill/110-S-3596/.
Markdown link
[S. 3596: Small Business Lending Market Stabilization Act of 2008](https://openamerica.io/bill/110-S-3596/)
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