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S. 2919 111th Congress Senate

Small Business Lending Enhancement Act of 2009

Official title: A bill to amend the Federal Credit Union Act to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes.

Introduced: September 29, 2010 See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightCredit and credit marketsSmall business
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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
Dec 21, 2009
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 21, 2009
Introduced in Senate
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 Latest action December 21, 2009

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

 Plain-English summary Congressional Research Service

Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets.

Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan.

Directs the National Credit Union Administration (NCUA) Board to report semiannually to Congress on the status of member business lending made by insured credit unions during the reporting period.

 Related & companion bills 1
  • HR 3380 Promoting Lending to America's Small Businesses Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 4 Republican 1 Independent 1
D
Wyden, Ron
Oregon · Sep 29, 2010
 I
Sanders, Bernard
Vermont · Feb 24, 2010
 D
Bennet, Michael F.
Colorado · Feb 9, 2010
 R
Collins, Susan M.
Maine · Dec 21, 2009
 D
Gillibrand, Kirsten E.
New York · Dec 21, 2009
 D
Schumer, Charles E.
New York · Dec 21, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2919: Small Business Lending Enhancement Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-S-2919/
MLA
"S. 2919: Small Business Lending Enhancement Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-2919/.
Bluebook (legal)
S. 2919, 111th Cong. (2026), https://openamerica.io/bill/111-S-2919/.
Markdown link
[S. 2919: Small Business Lending Enhancement Act of 2009](https://openamerica.io/bill/111-S-2919/)
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