S. 1828 (112th): Increasing Small Business Lending Act of 2011

Introduced:
Nov 08, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
John Kerry
Senator from Massachusetts
Party
Democrat
Text
Read Text »
Last Updated
Nov 08, 2011
Length
5 pages
Related Bills
H.R. 5851 (Related)
Increasing Small Business Lending Act of 2012

Referred to Committee
Last Action: May 18, 2012

 
Status

This bill was introduced on November 8, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 08, 2011
Referred to Committee Nov 08, 2011
 
Full Title

A bill to increase small business lending, and for other purposes.

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

We don’t have a summary available yet.

Library of Congress Summary

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


11/8/2011--Introduced.
Increasing Small Business Lending Act of 2011 - Amends the American Recovery and Reinvestment Act of 2009 to extend small business loan fee reductions and eliminations and small business loan guarantees under such Act to one year after the enactment of this Act.
Makes uniform between the Small Business Administration (SBA) section 7(a) loan program and the SBA local development business loan program the office space leasing policy, allowing up to 50% of a facility to be leased on either a new or existing building.
Allows the SBA Administrator to pool (combine for sale on the secondary market) SBA-guaranteed loans having various interest rates. (Currently, the SBA may pool only SBA-guaranteed loans having the same interest rate.) Requires interest rates on trust certificates representing shares of pooled loans to be the weighted average interest rate of such loans. Requires the SBA to provide to intermediary lenders at least one alternative interest rate other than the Wall Street prime rate.

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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