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HR 4295 111th Congress House Commerce Business investment and capital Government lending and loan guarantees Government studies and investigations Interest, dividends, interest rates Performance measurement Small business

Small Business Emergency Capital Assistance Act of 2009

Introduced: December 11, 2009 Introduced by: Courtney, Joe Democratic · Connecticut See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2009
Referred to the Subcommittee on Finance and Tax.
Dec 11, 2009
Referred to the House Committee on Small Business.
Dec 11, 2009
Introduced in House
 Plain-English summary Congressional Research Service

Small Business Emergency Capital Assistance Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to carry out a program under which the Administrator may make loans directly to small businesses determined to: (1) be economically healthy; (2) have good credit; and (3) be unable to obtain a loan on reasonable terms from a non-federal source. Limits loan amounts to $1.5 million, with a maximum repayment term of 25 years.

Requires: (1) the Administrator to report annually to the congressional small business committees concerning loans made under the program; and (2) the Comptroller General to evaluate the program's effectiveness and report evaluation results to such committees.

What's happening now December 11, 2009

Referred to the Subcommittee on Finance and Tax.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2