S. 2855 · 111th Congress
CREATE Growth and Jobs 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
MenendezSponsorNo cosponsors.
Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to…
What it does: CRS summary · Introduced in Senate · Dec 9, 2009
Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to obtain credit elsewhere.
Sets forth maximum loan terms and conditions. Limits the total of such loans in any fiscal year to $10 billion.
Makes certain funds under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) available to implement this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: CREATE Growth and Jobs Act
Also known as: Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009
Latest action (Dec 9, 2009): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Commerce · Origin: Senate · Introduced: Dec 9, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.