H.R. 5249 · 111th Congress
Capital Access for Main Street Act of 2010
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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
PerlmutterSponsor6 cosponsors · 5 D, 1 R
6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Capital Access for Main Street Act of 2010 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a…
What it does: CRS summary · Introduced in House · May 6, 2010
Capital Access for Main Street Act of 2010 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate; or (2) other real estate owned.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Capital Access for Main Street Act of 2010
Latest action (May 6, 2010): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: May 6, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.