US SB1832 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on October 21 2009 - 25% progression, died in chamber
Action: 2009-10-22 - Sponsor introductory remarks on measure. (CR S10695-10696)
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 21 2009 - 25% progression, died in chamber
Action: 2009-10-22 - Sponsor introductory remarks on measure. (CR S10695-10696)
Text: Latest bill text (Introduced) [PDF]
Summary
Small Business Access to Capital Act of 2009 - Amends the Small Business Act to increase maximum loan amounts under the following Small Business Administration (SBA) programs: (1) the section 7(a) (general small business loans) loan program; (2) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program; and (3) the section 504 (state and local development company) program. Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt, under specified conditions. Applies single-business investment limits to SBA-recognized new markets venture capital companies. Amends the American Recovery and Reinvestment Act of 2009 to earmark certain Department of Health and Human Services (HHS) funds for specified programs of the National Institutes of Health. Repeals as of October 1, 2010: (1) the increase in section 7(a) loan amounts; and (2) the business debt refinancing authority under the local development business loan program.
Title
Small Business Access to Capital Act of 2009
Sponsors
| Sen. Evan Bayh [D-IN] | Sen. Barbara Boxer [D-CA] | Sen. Benjamin Cardin [D-MD] | Sen. Robert Casey [D-PA] |
| Sen. Byron Dorgan [D-ND] | Sen. Tom Harkin [D-IA] | Sen. John Kerry [D-MA] | Sen. Mary Landrieu [D-LA] |
| Sen. Carl Levin [D-MI] | Sen. Mark Pryor [D-AR] | Sen. Jeanne Shaheen [D-NH] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-10-22 | Sponsor introductory remarks on measure. (CR S10695-10696) | |
| 2009-10-21 | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
HB4302 (Related) 2009-12-14 - Referred to the Subcommittee on Finance and Tax.
Subjects
Business investment and capital
Department of Health and Human Services
Government lending and loan guarantees
Interest, dividends, interest rates
Medical research
Minority and disadvantaged businesses
National Institutes of Health (NIH)
Public contracts and procurement
Research administration and funding
Research and development
Small business
Women in business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/senate-bill/1832/all-info |
| Text | https://www.congress.gov/111/bills/s1832/BILLS-111s1832is.pdf |
