US HB1418 | 2011-2012 | 112th Congress


Status

October 12 2011 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]

Summary

Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union. Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval. Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner that is consistent with safe and sound operations. Directs the Comptroller General to study the status of member business lending by insured credit unions.

Tracking Information

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Title

Small Business Lending Enhancement Act of 2011

Sponsors

Rep Royce, Edward R.Rep Ackerman, Gary L.Rep Akin, W. ToddRep Amodei, Mark E.
Rep Andrews, Robert E.Rep Baca, JoeRep Baldwin, TammyRep Bass, Karen
Rep Berkley, ShelleyRep Berman, Howard L.Rep Bilbray, Brian P.Rep Bilirakis, Gus M.
Rep Bishop, Sanford D., Jr.Rep Bishop, Timothy H.Rep Blumenauer, EarlRep Bonamici, Suzanne
Rep Bonner, JoRep Braley, Bruce L.Rep Brown, CorrineRep Burton, Dan
Rep Calvert, KenRep Campbell, JohnRep Carnahan, RussRep Carson, Andre
Rep Castor, KathyRep Chabot, SteveRep Christensen, Donna M.Rep Chu, Judy
Rep Cicilline, David N.Rep Clarke, HansenRep Clay, Wm. LacyRep Coble, Howard
Rep Cohen, SteveRep Connolly, Gerald E. "Gerry"Rep Conyers, John, Jr.Rep Culberson, John Abney
Rep Curson, David AlanRep Davis, Danny K.Rep Davis, Susan A.Rep Dingell, John D.
Rep Ellmers, Renee L.Rep Eshoo, Anna G.Rep Farr, SamRep Filner, Bob
Rep Fudge, Marcia L.Rep Green, GeneRep Grijalva, Raul M.Rep Hahn, Janice
Rep Hanabusa, Colleen W.Rep Hanna, Richard L.Rep Hastings, Alcee L.Rep Heck, Joseph J.
Rep Heinrich, MartinRep Herger, WallyRep Herrera Beutler, JaimeRep Higgins, Brian
Rep Hinchey, Maurice D.Rep Hirono, Mazie K.Rep Holden, TimRep Holt, Rush D.
Rep Honda, Michael M.Rep Huizenga, BillRep Hunter, Duncan D.Rep Issa, Darrell E.
Rep Jackson-Lee, SheilaRep Jackson, Jesse L., Jr.Rep Johnson, Eddie BerniceRep Johnson, Henry C. "Hank," Jr.
Rep Jones, Walter B., Jr.Rep Kaptur, MarcyRep Kildee, Dale E.Rep Kissell, Larry
Rep Langevin, James R.Rep Larson, John B.Rep LaTourette, Steven C.Rep Lee, Barbara
Rep Levin, Sander M.Rep Lewis, JohnRep Lipinski, DanielRep LoBiondo, Frank A.
Rep Lofgren, ZoeRep Marchant, KennyRep McCarthy, CarolynRep McClintock, Tom
Rep McCotter, Thaddeus G.Rep McKeon, Howard P. "Buck"Rep Meeks, Gregory W.Rep Michaud, Michael H.
Rep Miller, BradRep Miller, Candice S.Rep Miller, Gary G.Rep Miller, Jeff
Rep Napolitano, Grace F.Rep Norton, Eleanor HolmesRep Pallone, Frank, Jr.Rep Pascrell, Bill, Jr.
Rep Paul, RonRep Payne, Donald M.Rep Payne, Donald, Jr.Rep Perlmutter, Ed
Rep Peters, Gary C.Rep Petri, Thomas E.Rep Pingree, ChellieRep Pitts, Joseph R.
Rep Platts, Todd RussellRep Poe, TedRep Polis, JaredRep Posey, Bill
Rep Rangel, Charles B.Rep Reed, TomRep Reyes, SilvestreRep Richardson, Laura
Rep Rohrabacher, DanaRep Ross, DennisRep Rothman, Steven R.Rep Roybal-Allard, Lucille
Rep Rush, Bobby L.Rep Ryan, TimRep Sanchez, Linda T.Rep Sanchez, Loretta
Rep Schakowsky, Janice D.Rep Schiff, Adam B.Rep Schrader, KurtRep Sherman, Brad
Rep Speier, JackieRep Stivers, SteveRep Stutzman, Marlin A.Rep Sutton, Betty
Rep Thompson, Bennie G.Rep Thompson, MikeRep Tonko, Paul D.Rep Towns, Edolphus
Rep Turner, Robert L.Rep Upton, FredRep Waters, MaxineRep Waxman, Henry A.
Rep West, Allen B.Rep Wilson, Frederica S.Rep Wilson, JoeRep Woodall, Rob
Rep Woolsey, Lynn C.Rep Wu, DavidRep Yarmuth, John A.Rep Young, C.W. Bill
Rep Young, Don

History

DateChamberAction
2011-10-12HouseSubcommittee Hearings Held.
2011-05-02HouseReferred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-04-07HouseReferred to the House Committee on Financial Services.

Same As/Similar To

SB509 (Same As) 2011-03-08 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2231 (Related) 2012-03-26 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 340.

Subjects


US Congress State Sources


Bill Comments

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