US SB2919 | 2009-2010 | 111th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 11-2-2)
Status: Introduced on December 21 2009 - 25% progression, died in chamber
Action: 2009-12-21 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 21 2009 - 25% progression, died in chamber
Action: 2009-12-21 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Small Business Lending Enhancement Act of 2009
Sponsors
Sen. Michael Bennet [D-CO] | Sen. Barbara Boxer [D-CA] | Sen. Sherrod Brown [D-OH] | Sen. Susan Collins [R-ME] |
Sen. Kirsten Gillibrand [D-NY] | Sen. Daniel Inouye [D-HI] | Sen. Joseph Lieberman [I-CT] | Sen. Bill Nelson [D-FL] |
Sen. Harry Reid [D-NV] | Sen. Bernard Sanders [I-VT] | Sen. Charles Schumer [D-NY] | Sen. Olympia Snowe [R-ME] |
Sen. Arlen Specter [D-PA] | Sen. Mark Udall [D-CO] | Sen. Ron Wyden [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2009-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB3380 (Related) 2009-07-29 - Referred to the House Committee on Financial Services.
Subjects
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Credit and credit markets
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/senate-bill/2919/all-info |
Text | https://www.congress.gov/111/bills/s2919/BILLS-111s2919is.pdf |