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S 1832 111th Congress Senate Commerce Business investment and capital Department of Health and Human Services Government lending and loan guarantees Interest, dividends, interest rates Medical research Minority and disadvantaged businesses National Institutes of Health (NIH) Public contracts and procurement Research administration and funding Research and development Small business Women in business

Small Business Access to Capital Act of 2009

Introduced: October 21, 2009 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
Oct 22, 2009
Sponsor introductory remarks on measure. (CR S10695-10696)
Oct 21, 2009
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Oct 21, 2009
Introduced in Senate
 Plain-English summary Congressional Research Service

Small Business Access to Capital Act of 2009 - Amends the Small Business Act to increase maximum loan amounts under the following Small Business Administration (SBA) programs: (1) the section 7(a) (general small business loans) loan program; (2) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program; and (3) the section 504 (state and local development company) program.

Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt, under specified conditions.

Applies single-business investment limits to SBA-recognized new markets venture capital companies.

Amends the American Recovery and Reinvestment Act of 2009 to earmark certain Department of Health and Human Services (HHS) funds for specified programs of the National Institutes of Health.

Repeals as of October 1, 2010: (1) the increase in section 7(a) loan amounts; and (2) the business debt refinancing authority under the local development business loan program.

What's happening now October 22, 2009

Sponsor introductory remarks on measure. (CR S10695-10696)

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1