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H.R.5297 Small Business Jobs and Credit Act of 2010, 111th Congress

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Official Bill Info

  • Latest Action: Sep 27, 2010 Became Public Law No: 111-240.

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    I know the most recent action for this bill is as follows: "Became Public Law No: 111-240." on Sep 27, 2010
  • Committee Assignment: House Committee on Financial Services

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    This bill has been assigned to the House Committee on Financial Services committee.
  • This bill's most-recent vote occurred on September 23, 2010, with a roll call of 237 ayes, 187 nays, and 9 not voting.

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    This bill's most-recent vote occurred on September 23, 2010, with a roll call of 237 ayes, 187 nays, and 9 not voting.

Bill Statistics on OpenCongress

  • 75% of users support H.R.5297

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    75% of users on OpenCongress.org, a free, non-partisan resource, support H.R.5297.
  • H.R.5297 has been viewed 99,958 times

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    H.R.5297 has been viewed 99,958 times on OpenCongress.org, a free, non-partisan resource.
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    OpenCongress Bill Summary

    • Creates a $30 billion small business lending fund and provide $12 billion in tax breaks to help small businesses.

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      Here's a summary from OpenCongress.org: Creates a $30 billion small business lending fund and provide $12 billion in tax breaks to help small businesses.

    Supporting Organizations

    • National Association for the Advancement of Colored People

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      I know that the organization National Association for the Advancement of Colored People supports H.R.5297
    • National Education Association

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      I know that the organization National Education Association supports H.R.5297
    • International Franchise Association

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      I know that the organization International Franchise Association supports H.R.5297
    • Independent Community Bankers of America

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      I know that the organization Independent Community Bankers of America supports H.R.5297
    • Petroleum Marketers Association of America

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      I know that the organization Petroleum Marketers Association of America supports H.R.5297
    • National Restaurant Association

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      I know that the organization National Restaurant Association supports H.R.5297
    • American Bankers Association

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      I know that the organization American Bankers Association supports H.R.5297
    • National Gay and Lesbian Chamber of Commerce

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      I know that the organization National Gay and Lesbian Chamber of Commerce supports H.R.5297
    • National Association of Manufacturers

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      I know that the organization National Association of Manufacturers supports H.R.5297
    • National Small Business Association

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      I know that the organization National Small Business Association supports H.R.5297
    • National Marine Manufacturers Association

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      I know that the organization National Marine Manufacturers Association supports H.R.5297
    • American Apparel and Footwear Association

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      I know that the organization American Apparel and Footwear Association supports H.R.5297
    • National Council of Textile Organizations

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      I know that the organization National Council of Textile Organizations supports H.R.5297
    • Recreation Vehicle Industry Association

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      I know that the organization Recreation Vehicle Industry Association supports H.R.5297
    • American International Automobile Dealers Association

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      I know that the organization American International Automobile Dealers Association supports H.R.5297
    • Associated Builders and Contractors

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      I know that the organization Associated Builders and Contractors supports H.R.5297
    • U.S. Hispanic Chamber of Commerce

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      I know that the organization U.S. Hispanic Chamber of Commerce supports H.R.5297
    • Printing Industries of America

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      I know that the organization Printing Industries of America supports H.R.5297
    • Precision Metalforming Association

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      I know that the organization Precision Metalforming Association supports H.R.5297
    • American Booksellers Association

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      I know that the organization American Booksellers Association supports H.R.5297
    • Fashion Accessories Shippers Association

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      I know that the organization Fashion Accessories Shippers Association supports H.R.5297
    • Financial Services Roundtable

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      I know that the organization Financial Services Roundtable supports H.R.5297
    • National Tooling and Machining Association

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      I know that the organization National Tooling and Machining Association supports H.R.5297
    • National Association of Convenience Stores

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      I know that the organization National Association of Convenience Stores supports H.R.5297
    • National Association of Women Business Owners

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      I know that the organization National Association of Women Business Owners supports H.R.5297

    Opposing Organizations

    • National Association of Federal Credit Unions

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      I know that the organization National Association of Federal Credit Unions opposes H.R.5297

    Most-commented sections of the bill text

    • (2 comments, Link )

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      specifically, this section of the legislation: "",
    • (1 comments, Link )

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      specifically, this section of the legislation: "",
    • (1 comments, Link )

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      specifically, this section of the legislation: "",

    Highest Rated User Comments

    • On July 24, 2010, by grant3719 - Close but no cigar! This bill still does not promote the creation of new companies!! If we are going to see job growth, we need new companies. Job creation will not happen from old companies that have learned to be profitable with fewer workers. No one seems to want to take the risk with new entrepreneurs. I would have been employed over a year ago if I could have received financing. My banker said if I would have come to them 3 years ago they would have been glad to work with me. The banks won’t loan to new business because they have no track record. The Congress is too busy playing politics, fighting with each other to create a direct loan program for new entrepreneurs. I don’t want free money, I want a loan. I can pay 6 to 8 percent interest on a 20 year note and pay it off in 10 to 15 years. I can employ 6 permanent, full time, real people and pay well above minimum wage. But the market is changing fast!

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      As noted by grant3719, a user on OpenCongress.org, on July 24, 2010, "Close but no cigar! This bill still does not promote the creation of new companies!! If we are going to see job growth, we need new companies. Job creation will not happen from old companies that have learned to be profitable with fewer workers. No one seems to want to take the risk with new entrepreneurs. I would have been employed over a year ago if I could have received financing. My banker said if I would have come to them 3 years ago they would have been glad to work with me. The banks won’t loan to new business because they have no track record. The Congress is too busy playing politics, fighting with each other to create a direct loan program for new entrepreneurs. I don’t want free money, I want a loan. I can pay 6 to 8 percent interest on a 20 year note and pay it off in 10 to 15 years. I can employ 6 permanent, full time, real people and pay well above minimum wage. But the market is changing fast! "
    • On September 15, 2010, by nobamanohownoway - Strike 1: Sponsored by Barney "there's no [Fannie & Freddie] crisis here! and even if there were, we're not on the hook for it!" Frank. Strike 2: Another bank bailout? Does Maxine Waters' husband need his bank stock propped up again by the taxpayers? Strike 3: It's a "community outreach" program - can you say "sub-prime mortgage"? Just another Obama "Jobs for Democrats" slush fund....

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      As noted by nobamanohownoway, a user on OpenCongress.org, on September 15, 2010, "Strike 1: Sponsored by Barney "there's no [Fannie & Freddie] crisis here! and even if there were, we're not on the hook for it!" Frank. Strike 2: Another bank bailout? Does Maxine Waters' husband need his bank stock propped up again by the taxpayers? Strike 3: It's a "community outreach" program - can you say "sub-prime mortgage"? Just another Obama "Jobs for Democrats" slush fund...."
    • On September 27, 2010, by applemanmatt - Somebody please point out which part of the bill punishes companies from shipping jobs over seas.

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      As noted by applemanmatt, a user on OpenCongress.org, on September 27, 2010, "Somebody please point out which part of the bill punishes companies from shipping jobs over seas."

    Highly Rated Blog Articles

    • 5297 Distributor,5297 Available,5297 DataSheet,5297 short lead ... - October 15, 2011 by datasheet.30bags.com/ - 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 ...www.opencongress.org/bill/111-h5297/show ...

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      As noted by datasheet.30bags.com/ on October 15, 2011, "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 ...www.opencongress.org/bill/111-h5297/show ..." (http://www.oneriverhk.com/Search-118-5297.aspx)
    • Small Business Lending Sees Growth - January 02, 2011 by The Ham Report - The significance of HR5297, is the overwhelming lack of support it received from Republicans who claim to be the champions of the Small Business sector. Only 2 out 41 Republican Senators voted in favor of the Bill, while in the US House ...

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      As noted by The Ham Report on January 02, 2011, "The significance of HR5297, is the overwhelming lack of support it received from Republicans who claim to be the champions of the Small Business sector. Only 2 out 41 Republican Senators voted in favor of the Bill, while in the US House ..." (http://www.hamreport.com/2011/01/small-business-lending-sees-growth.html)
    • 2010 Tax Relief Act Extends Qualified Small-Business Stock Exclusion - January 02, 2011 by The Gillespie Law Group Blog - As background, on September 27, 2010, President Obama signed HR 5297 Small Business Jobs Act of 2010 (PL 111-240) into law, creating additional tax incentives for businesses and individuals. The purpose of the Small Business Jobs Act is ...

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      As noted by The Gillespie Law Group Blog on January 02, 2011, "As background, on September 27, 2010, President Obama signed HR 5297 Small Business Jobs Act of 2010 (PL 111-240) into law, creating additional tax incentives for businesses and individuals. The purpose of the Small Business Jobs Act is ..." (http://thegillespielawgroup.com/our_blog/2011/2010-tax-relief-act-extends-qualified-small-business-stock-exclusion/)

    Highly Rated News Articles

    • Telesoft Releases New eBook to Breakdown Recent Trends in Wireless Expense ... - November 11, 2010 by TMC Net - Congress Repeals The Cell Phone Tax - Buried deep within law HR 5297 that President Obama signed this year, cell phones are no longer required to be listed ...

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      As noted by TMC Net on November 11, 2010, " Congress Repeals The Cell Phone Tax - Buried deep within law HR 5297 that President Obama signed this year, cell phones are no longer required to be listed ... " (http://www.tmcnet.com/usubmit/-telesoft-releases-new-ebook-breakdown-recent-trends-wireless-/2010/11/11/5133291.htm)
    • Telesoft Releases New eBook to Breakdown Recent Trends in Wireless Expense ... - November 10, 2010 by PR Web (press release) - Congress Repeals The Cell Phone Tax – Buried deep within law HR 5297 that President Obama signed this year, cell phones are no longer required to be listed ...

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      As noted by PR Web (press release) on November 10, 2010, " Congress Repeals The Cell Phone Tax – Buried deep within law HR 5297 that President Obama signed this year, cell phones are no longer required to be listed ... " (http://www.prweb.com/releases/wireless/management/prweb4775344.htm)
    • Jobs Act redefines cell phones, expands Roth conversions - November 10, 2010 by Lexology (registration) - On September 27, 2010, the Small Business Jobs Act of 2010 (HR 5297) (Jobs Act) was signed into law by President Obama. ...

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      As noted by Lexology (registration) on November 10, 2010, " On September 27, 2010, the Small Business Jobs Act of 2010 (HR 5297) (Jobs Act) was signed into law by President Obama. ... " (http://www.lexology.com/library/detail.aspx?g=23f5369f-26a6-48ff-b686-56fb80d39ef6)
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