H.R.6037 - Small Business Lending for Jobs Act of 2012

To include focusing on credit availability in the mission of each Federal banking regulator, to provide insured depository institutions with certain amortization authority and authority to include allowances for loan and lease losses when calculating the institution's capital, and for other purposes. view all titles (2)

Close

All Bill Titles

  • Official: To include focusing on credit availability in the mission of each Federal banking regulator, to provide insured depository institutions with certain amortization authority and authority to include allowances for loan and lease losses when calculating the institution's capital, and for other purposes. as introduced.
  • Short: Small Business Lending for Jobs Act of 2012 as introduced.

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.

Bill's Views

  • Today: 2
  • Past Seven Days: 8
  • All-Time: 876
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/26/12
 
 
 
 
 
 
 

Official Bill Text Comment on about 9 Pages

Sponsor

Representative

Mike Coffman

R-CO

View Co-Sponsors (1)

Official Summary

6/27/2012--Introduced.Small Business Lending for Jobs Act of 2012 - Directs federal banking agencies to focus upon: (1) facilitating credit availability to customers of insured depository institutions, and (2) using regulatory policies and procedures that promote credit availability in a s
Close

Official Summary

6/27/2012--Introduced.Small Business Lending for Jobs Act of 2012 - Directs federal banking agencies to focus upon:
(1) facilitating credit availability to customers of insured depository institutions, and
(2) using regulatory policies and procedures that promote credit availability in a safe and sound manner in order to assist insured depository institutions to provide such credit and thus encourage business development and employment. Prohibits federal banking agencies from requiring or pressuring insured depository institutions to provide particular kinds of credit or on particular terms. Directs each federal banking agency to report to Congress an implementation plan addressing such foci. Establishes the Credit Availability Council to coordinate federal banking agency efforts in facilitating credit availability to insured depository institution customers. Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to:
(1) a loan secured by commercial real estate, or
(2) other real estate owned. Directs the federal banking agencies to promulgate regulations permitting an insured depository institution to include all of its allowance for loan and lease losses when computing capital for purposes of satisfying risk-based capital requirements.

...Read the Rest


Latest Letters to Congress

See All Letters (5)
 


Vote on This Bill

100% Users Support Bill

5 in favor / 0 opposed
 

Send Your Rep a Letter

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

OC Blog Articles Related To This Bill

Recent OC Blog Articles

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.