HR 4265
111th Congress
House
Commerce
Government lending and loan guarantees
Interest, dividends, interest rates
Small business
To direct the Administrator of the Small Business Administration to establish and carry out a direct lending program for small business concerns, and for other purposes.
Introduced: December 10, 2009
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 10, 2009
Referred to the Subcommittee on Finance and Tax.
Dec 10, 2009
Referred to House Financial Services
Dec 10, 2009
Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 10, 2009
Referred to House Small Business
Dec 10, 2009
Introduced in House
Plain-English summary
Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000.
Provides program funding from unobligated amounts available under title I (Troubled Asset Relief Program [TARP]) of the Emergency Economic Stabilization Act of 2008.
What's happening now
Referred to the Subcommittee on Finance and Tax.
Committees of jurisdiction
3