HR 4938 111th Congress

To permit the use of previously appropriated funds to extend the Small Business Loan Guarantee Program, and for other purposes.

Latest Action

Became Public Law No: 111-150.

Congress.gov

Sponsors

Rep. Serrano, Jose E. [D-NY-16]

Rep. Serrano, Jose E. [D-NY-16]

D — NY

Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.) Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.
Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.

Actions

2010-03-26T00:00:00

Became Public Law No: 111-150.

2010-03-26T00:00:00

Became Public Law No: 111-150.

2010-03-26T00:00:00

Signed by President.

2010-03-26T00:00:00

Signed by President.

2010-03-26T00:00:00

Presented to President.

2010-03-26T00:00:00

Presented to President.

2010-03-25T00:00:00

Cleared for White House.

2010-03-25T00:00:00

Message on Senate action sent to the House.

2010-03-25T00:00:00

Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S2105)

2010-03-25T00:00:00

Passed/agreed to in Senate: Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S2105)

2010-03-25T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2010-03-25T00:00:00

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2414-2415)

2010-03-25T00:00:00

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H2414-2415)

2010-03-25T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 4938.

2010-03-25T00:00:00

Considered under suspension of the rules. (consideration: CR H2414-2416)

2010-03-25T00:00:00

Mr. Serrano moved to suspend the rules and pass the bill.

2010-03-25T00:00:00

Referred to the House Committee on Small Business.

2010-03-25T00:00:00

Introduced in House

2010-03-25T00:00:00

Introduced in House

Policy Areas

Commerce

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