H.R.5297 - Small Business Jobs and Credit Act of 2010

To create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, and for other purposes. view all titles (17)

All Bill Titles

  • Short: Small Business Lending Fund Act of 2010 as introduced.
  • Official: To create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, and for other purposes. as introduced.
  • Short: Small Business Lending Fund Act of 2010 as reported to house.
  • Short: State Small Business Credit Initiative Act of 2010 as reported to house.
  • Official: An act to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes as amended by house.
  • Short: Plain Writing Act of 2010 as passed house.
  • Short: Small Business Assistance Fund Act of 2010 as passed house.
  • Short: Small Business Early-Stage Investment Program Act of 2010 as passed house.
  • Short: Small Business Jobs Tax Relief Act of 2010 as passed house.
  • Short: State Small Business Credit Initiative Act of 2010 as passed house.
  • Short: Small Business Jobs and Credit Act of 2010 as passed house.
  • Short: Small Business Jobs Act of 2010 as enacted.
  • Short: Creating Small Business Jobs Act of 2010 as enacted.
  • Short: Export Promotion Act of 2010 as enacted.
  • Short: Small Business Export Enhancement and International Trade Act of 2010 as enacted.
  • Short: Small Business Job Creation and Access to Capital Act of 2010 as enacted.
  • Short: State Small Business Credit Initiative Act of 2010 as enacted.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Number Date Offered Status Purpose
 
H.Amdt695 Jun 16th Pass An amendment numbered 3 printed in part C of House Report 111-506 to add four stipulations to the Small Business Lending Fund to safeguard small businesses in the bill: 1) base SBLF incentives on number of loans an institution makes, not just the total dollars of loans; 2) include Small Business Lending Centers with less than $10 billion in assets as qualified financial institutions to participate in the SBLF; 3) add the SBA definition to define what a small business is; and 4) change the base lending amount from a comparison of the fourth quarter of 2009, to a full year of data. (View on THOMAS)
H.Amdt696 Jun 16th Offered An amendment numbered 4 printed in part C of House Report 111-506 to make non-owner occupied commercial real estate loans eligible for the program. (View on THOMAS)
H.Amdt697 Jun 16th Pass An amendment numbered 5 printed in part C of House Report 111-506 to allow small banks to amortize losses or write-downs on commercial real estate loans over a 10-year period, freeing up more capital for these small institutions to lend to small businesses. (View on THOMAS)
H.Amdt698 Jun 16th Pass An amendment numbered 6 printed in part C of House Report 111-506 to express the Sense of Congress that small business lending is being hindered by mixed messages from federal financial regulators. (View on THOMAS)
H.Amdt699 Jun 16th Pass An amendment numbered 7 printed in part C of House Report 111-506 to improve disclosures by eligible institutions receiving funding under the program. (View on THOMAS)
H.Amdt700 Jun 16th Pass An amendment numbered 8 printed in part C of House Report 111-506 to institute a new Office of Small Business Lending Fund Oversight. (View on THOMAS)
H.Amdt701 Jun 16th Pass An amendment numbered 11 printed in part C of House Report 111-506 to ensure that state-run venture capital fund programs will be able to qualify as "state other credit support programs," as long as they do not use funds under H.R. 5297 to lend to businesses with more than 750 employees. It would clarify that state-run venture capital fund programs will be able to qualify as "state other credit support programs," as long as they meet all other requirements. (View on THOMAS)
H.Amdt702 Jun 16th Pass An amendment numbered 12 printed in part C of House Report 111-506 to provide funding to eligible institutions that serve small businesses in communities that have suffered negative economic effects as a result of the Deepwater Horizon oil spill with particular consideration to States along the coast of the Gulf of Mexico. (View on THOMAS)
H.Amdt703 Jun 16th Pass An amendment numbered 13 printed in part C of House Report 111-506 to include as part of the selection criteria for investment companies the extent to which the applicant will concentrate investment activities on small business concerns in targeted industries. (View on THOMAS)
H.Amdt694 Jun 16th Pass An amendment numbered 1 printed in part C of House Report 111-506 to add veteran- and women- owned businesses to the groups that will receive outreach under the Small Business Lending Fund established by the bill. It adds veteran-owned businesses to those businesses that should receive consideration in the Fund, adds veterans to the study on lending assistance, and requires the study to report not just on the number of loans made to women-, veteran- and minority-owned businesses, but the percent of loans that go to them as a part of the program. (View on THOMAS)

Vote on This Bill

75% Users Support Bill

103 in favor / 35 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC
Save to Notebook Make A Bill Widget

Top-Rated Comments

OpenCongress is a free and open-source project of the Participatory Politics Foundation, a 501(c)3 non-profit organization with a mission to increase civic engagement. The non-profit Sunlight Foundation is the Founding and Primary Supporter of OpenCongress.