Skip to main content
HR 3147 112th Congress House Commerce Administrative remedies Business investment and capital Department of Commerce Government lending and loan guarantees Small business

Small Business Lending Extension Act

Introduced: October 11, 2011 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2011
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Oct 11, 2011
Referred to the House Committee on Financial Services.
Oct 11, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Small Business Lending Extension Act - Amends the Small Business Jobs Act of 2010 to extend, for an additional year, the authority of the Secretary of the Treasury under the Small Business Lending Fund Program to make capital investments in eligible institutions (eligible insured depository institutions, bank holding companies, and savings and loan companies) in order to increase the availability of credit for small businesses. (Current law terminates such authority one year after enactment of such Act.)

Requires the Secretary to: (1) supply an institution whose application to receive a capital investment from the Fund is rejected with the reason for such rejection, (2) establish an appeal process, and (3) issue regulations allowing a rejected institution to reapply for such an investment.

What's happening now October 21, 2011

Referred to the Subcommittee on Financial Institutions and Consumer Credit.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2