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HR 4629 111th Congress House

Manufacturing Modernization and Diversification Act of 2010

Official title: To create a loan program to provide funds to State special purpose vehicles for use in collateral support programs and loan participation programs to benefit qualified manufacturers.

Introduced: February 22, 2010 See on congress.gov
Finance and Financial Sector Credit and credit marketsGovernment lending and loan guaranteesManufacturingSecurities
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Small businessState and local financeUser charges and fees
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 22, 2010
Referred to the House Committee on Financial Services.
Feb 22, 2010
Introduced in House
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 Latest action February 22, 2010

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Manufacturing Modernization and Diversification Act of 2010 - Directs the Secretary of the Treasury to certify special purpose vehicles (SPVs) created by a state to take part in a program to carry out collateral support and loan participation programs for the benefit of qualified manufacturers (manufacturers with less than $50 million in annual revenue and less than $50 million in assets). Outlines SPV application requirements.

Allows, under the collateral support program, a qualified manufacturer that wishes to receive a bank loan but has insufficient collateral to ask the bank to seek collateral loan support from the SPV. Prohibits an SPV from providing more than $20 million in collateral support to any one manufacturer. Requires manufacturers to be charged a fee for such support.

Allows, under the loan participation program, a qualified manufacturer that wishes to receive a bank loan but would not otherwise qualify for the loan to ask the bank to seek participation for such loan from the SPV. Prohibits an SPV from providing more than $20 million in participation support to any one manufacturer. Requires manufacturers to be charged a fee for such support.

Requires: (1) periodic reports from such banks to participating SPVs; and (2) quarterly reports from the Secretary to Congress on participants in and impacts of the support and participation programs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
Schauer, Mark
· Mar 3, 2010
 D
Peters, Gary C.
Michigan · Feb 22, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4629: Manufacturing Modernization and Diversification Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4629/
MLA
"H.R. 4629: Manufacturing Modernization and Diversification Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4629/.
Bluebook (legal)
H.R. 4629, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4629/.
Markdown link
[H.R. 4629: Manufacturing Modernization and Diversification Act of 2010](https://openamerica.io/bill/111-HR-4629/)
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