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HR 4694 111th Congress House Housing and Community Development Community Development Financial Institutions Fund Government lending and loan guarantees Housing and community development funding

Safe Affordable Small Dollar Loan Act of 2010

Introduced: February 25, 2010 See on congress.gov
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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 25, 2010
Referred to the House Committee on Financial Services.
Feb 25, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

Safe Affordable Small Dollar Loan Act of 2010 - Amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions or to any related partnership in order to enable such institutions to establish a loan-loss reserve fund to defray the costs of a small dollar loan program.

Requires a community development financial institution to provide non-federal matching funds equal to 50% of the amount of any grant received.

Prohibits the use of such grants to make direct loans to consumers.

Permits a community development financial institution to use such a grant to: (1) help recapture a portion or all of a defaulted loan made under its small dollar loan program; and (2) designate and utilize a fiscal agent for services the agent normally provides.

Requires the Fund to make technical assistance grants to community development financial institutions to support and maintain a small dollar loan program.


What's happening now February 25, 2010

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 13
All 13 Democratic 11
D
Quigley, Mike
Illinois · May 6, 2010
 D
Matsui, Doris O.
California · Apr 21, 2010
 D
Waters, Maxine
California · Apr 15, 2010
Delahunt, Bill
· Mar 16, 2010
 D
Peters, Gary C.
Michigan · Mar 16, 2010
 D
Chu, Judy
California · Feb 25, 2010
 D
Clarke, Yvette D.
New York · Feb 25, 2010
 D
Green, Al
Texas · Feb 25, 2010
 D
Himes, James A.
Connecticut · Feb 25, 2010
 D
Lofgren, Zoe
California · Feb 25, 2010
 D
Lynch, Stephen F.
Massachusetts · Feb 25, 2010
 D
Moore, Gwen
Wisconsin · Feb 25, 2010
Perriello, Thomas
· Feb 25, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4694: Safe Affordable Small Dollar Loan Act of 2010. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4694/
MLA
"H.R. 4694: Safe Affordable Small Dollar Loan Act of 2010." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4694/.
Bluebook (legal)
H.R. 4694, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4694/.
Markdown link
[H.R. 4694: Safe Affordable Small Dollar Loan Act of 2010](https://openamerica.io/bill/111-HR-4694/)
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