S. 2919 · 111th Congress
Small Business Lending Enhancement 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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UdallSponsor14 cosponsors · 10 D, 2 R, 2 I
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Boxer
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Collins
KG
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Gillibrand
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Lieberman
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Schumer
OS
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Snowe
MB
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Bennet
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Sanders
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Specter
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Reid
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Nelson
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Wyden
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Brown
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Inouye6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets.
What it does: CRS summary · Introduced in Senate · Dec 21, 2009
Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets.
Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan.
Directs the National Credit Union Administration (NCUA) Board to report semiannually to Congress on the status of member business lending made by insured credit unions during the reporting period.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Lending Enhancement Act of 2009
Latest action (Dec 21, 2009): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 21, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.