H.R. 2936 · 111th Congress
BUILD Manufacturing Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LipinskiSponsor24 cosponsors · 20 D, 4 R
D
Costello
JD
D
Dingell
VE
R
Ehlers
MK
D
Kaptur
DM
R
Manzullo
TM
R
Murphy
PT
D
Tonko
JB
D
Boccieri
TR
D
Ryan
PD
D
DeFazio
MF
D
Fudge
MS
D
Schauer
DK
D
Kildee
TP
D
Perriello
ZS
D
Space
GP
D
Peters
CC
D
Carney
TH
D
Holden
AG
D
Grayson
MM
D
Michaud
SL
R
LaTourette
LS
D
Slaughter
KD
D
Dahlkemper
BS
D
Sutton7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Bill to Underwrite Increased Lending to Domestic (BUILD) Manufacturing Act or BUILD Manufacturing Act - Expresses the sense of Congress that the President should use all available powers to encourage financial institutions that are in receipt of federal financial support to immediately increase lending to the domestic manufacturing sector.
What it does: CRS summary · Introduced in House · Jun 18, 2009
Bill to Underwrite Increased Lending to Domestic (BUILD) Manufacturing Act or BUILD Manufacturing Act - Expresses the sense of Congress that the President should use all available powers to encourage financial institutions that are in receipt of federal financial support to immediately increase lending to the domestic manufacturing sector.
Establishes within the Treasury the Manufacturing Loan Guarantee Program, headed by the Administrator of the Term Asset-Backed Securities Loan Facility (established by the Board of Governors of the Federal Reserve System), to guarantee loans made by depository institutions to U.S. manufacturing companies. Prohibits any such loan from equaling or exceeding 1.5 times the gross net worth of the company receiving the loan. Allows a company to have more than one guaranteed loan, within aggregate dollar limits.
Authorizes the Administrator to adjust Program loan guarantee percentages in order to maximize lending and to minimize default rates of participating manufacturers.
Expresses the sense of Congress that the Administrator should encourage participating depository institutions to focus on lending to small- and medium-sized manufacturers.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: BUILD Manufacturing Act
Also known as: Bill to Underwrite Increased Lending to Domestic (BUILD) Manufacturing Act
Latest action (Jun 18, 2009): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 18, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.