H.R. 4295 · 111th Congress
Small Business Emergency Capital Assistance Act of 2009
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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.
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CourtneySponsor9 cosponsors · 9 D
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Kagen
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Hall
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Murphy
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Sánchez
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Perriello
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Hodes
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Bishop
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Carnahan0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Emergency Capital Assistance Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to carry out a program under which the Administrator may make loans directly to small businesses determined to: (1) be economically healthy; (2) have good credit; and (3) be unable to obtain a loan on reasonable terms from a…
What it does: CRS summary · Introduced in House · Dec 11, 2009
Small Business Emergency Capital Assistance Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to carry out a program under which the Administrator may make loans directly to small businesses determined to: (1) be economically healthy; (2) have good credit; and (3) be unable to obtain a loan on reasonable terms from a non-federal source. Limits loan amounts to $1.5 million, with a maximum repayment term of 25 years.
Requires: (1) the Administrator to report annually to the congressional small business committees concerning loans made under the program; and (2) the Comptroller General to evaluate the program's effectiveness and report evaluation results to such committees.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Emergency Capital Assistance Act of 2009
Latest action (Dec 11, 2009): Referred to the Subcommittee on Finance and Tax.
Policy area: Commerce · Origin: House · Introduced: Dec 11, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.