S. 2780 (111th): Small Business Intermediary Lending Pilot Program Act of 2009

Introduced:
Nov 17, 2009 (111th Congress, 2009–2010)
Status:
Died (Referred to Committee)
Sponsor
Carl Levin
Senior Senator from Michigan
Party
Democrat
Text
Read Text »
Last Updated
Nov 17, 2009
Length
7 pages
Related Bills
S. 985 (110th) was a previous version of this bill.

Referred to Committee
Last Action: Mar 26, 2007

H.R. 5297 (Related)
Small Business Jobs Act of 2010

Signed by the President
Sep 27, 2010

 
Status

This bill was introduced on November 17, 2009, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 17, 2009
Referred to Committee Nov 17, 2009
 
Full Title

A bill to amend the Small Business Act to establish a small business intermediary lending pilot program.

Summary

No summaries available.

Cosponsors
none
Committees

Senate Small Business and Entrepreneurship

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/17/2009--Introduced.
Small Business Intermediary Lending Pilot Program Act of 2009 - Establishes a three-year small business intermediary lending pilot program under which the Administrator of the Small Business Administration (SBA) may make direct loans to eligible nonprofit lending intermediaries for the purpose of making loans of up to $200,000 each to startup, newly-established, and growing small businesses.
Authorizes the Administrator, under the program, to make one percent, 20-year loans of up to $3 million to up to 20 lending intermediaries.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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