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S 2824 111th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Consumer credit Government lending and loan guarantees

A bill to establish a small dollar loan-loss guarantee fund, and for other purposes.

Introduced: December 2, 2009 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 2, 2009
Sponsor introductory remarks on measure. (CR S12162)
Dec 2, 2009
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Community Development Banking and Financial Institutions Act of 1994 to establish the Community Development Financial Institutions (CDFI) Small Dollar Loan-Loss Guarantee Fund to defray the cost of losses on specified qualifying consumer loans (not exceeding $2500) made by certain CDFIs and institutions whose primary mission is to serve low- to moderate-income individuals.

Authorizes appropriations to implement the program and to provide technical assistance grants to applicants to develop and support a small dollar loan program.

Authorizes the Administrator of the CFDI Fund to borrow from the Treasury as necessary to maintain Fund solvency.

What's happening now December 2, 2009

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Durbin, Richard J.
Illinois · Dec 2, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2824: A bill to establish a small dollar loan-loss guarantee fund, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-S-2824/
MLA
"S. 2824: A bill to establish a small dollar loan-loss guarantee fund, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2824/.
Bluebook (legal)
S. 2824, 111th Cong. (2026), https://openamerica.io/bill/111-S-2824/.
Markdown link
[S. 2824: A bill to establish a small dollar loan-loss guarantee fund, and for other purposes.](https://openamerica.io/bill/111-S-2824/)
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