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Text of To require the Secretary of the Treasury to make a certification when making purchases under the Small Business Lending Fund ...

...Business Lending Fund Program.

This bill was introduced in a previous session of Congress and was passed by the House on June 23, 2010 but was never passed by the Senate. The text of the bill below is as of Jun 25, 2010 (Placed on Calendar in the Senate).

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Source: GPO

II

Calendar No. 443

111th CONGRESS

2d Session

H. R. 5551

IN THE SENATE OF THE UNITED STATES

June 24, 2010

Received and read the first time

June 25, 2010

Read the second time and placed on the calendar

AN ACT

To require the Secretary of the Treasury to make a certification when making purchases under the Small Business Lending Fund Program.

1.

Certification under the Small Business Lending Fund Program

Before the Secretary of the Treasury makes the first purchase (including a commitment to purchase) under the Small Business Lending Fund Program under the Small Business Jobs and Credit Act of 2010, the Secretary shall certify, under oath, to the Inspector General of the Department of the Treasury, with a copy to the Comptroller General of the United States, that the purchase-decision process has been designed so that each purchase decision is made solely on the basis of economic fundamentals and not because of any political considerations.

Passed the House of Representatives June 23, 2010.

Lorraine C. Miller,

Clerk.

June 25, 2010

Read the second time and placed on the calendar