US HB4265 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on December 10 2009 - 25% progression, died in committee
Action: 2009-12-10 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 10 2009 - 25% progression, died in committee
Action: 2009-12-10 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000. Provides program funding from unobligated amounts available under title I (Troubled Asset Relief Program [TARP]) of the Emergency Economic Stabilization Act of 2008.
Title
To direct the Administrator of the Small Business Administration to establish and carry out a direct lending program for small business concerns, and for other purposes.
Sponsors
| Rep. Steve Cohen [D-TN] | Rep. Joe Courtney [D-CT] | Rep. Betty Sutton [D-OH] | Sen. Peter Welch [D-VT] |
| Rep. John Yarmuth [D-KY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-12-10 | Referred to House Financial Services | |
| 2009-12-10 | Referred to the Subcommittee on Finance and Tax. | |
| 2009-12-10 | Referred to House Small Business | |
| 2009-12-10 | Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/4265/all-info |
| Text | https://www.congress.gov/111/bills/hr4265/BILLS-111hr4265ih.pdf |
