VotedBy VotedBy ⌕
Election Day · Tue, Nov 3See how your members of Congress voted →

H.R. 1418 · 112th Congress

Small Business Lending Enhancement Act of 2011

Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

ERR RoyceSponsor
144 cosponsors · 97 D, 47 R
RCD Carnahan HJD Johnson CMD McCarthy GPD Peters WJR Jones JSD Schakowsky SBD Bishop LKD Kissell BPR Posey JCR Culberson DHR Hunter DKD Kildee RAD Andrews KCR Calvert JLD Lewis JLD Langevin END Norton KSD Schrader DYR Young MMD Michaud GMD Meeks TBD Bishop GCD Connolly HCD Clarke RWR Woodall BBR Bilbray BBD Braley JMR Miller JPR Pitts CPD Pingree BSD Sherman SLR LaTourette DBR Burton GBR Bilirakis BFD Filner WHR Herger RHD Holt DCD Cicilline JCD Conyers RER Ellmers RGD Grijalva GND Napolitano ETD Towns MHD Honda CMR Miller LRD Richardson LWD Woolsey DWD Wu TMR McCotter CYR Young JHR Herrera Beutler DRR Ross TPR Poe JBD Baca BMR McKeon JCR Campbell FPD Pallone DIR Issa SSR Stivers BRD Rush JSD Speier DCD Christensen GMR Miller SFD Farr SBD Berkley TRD Ryan BLD Lee TRR Reed JWR Wilson EBD Blumenauer KCD Castor JCD Chu MHD Hinchey TMR McClintock DRR Rohrabacher BSD Sutton DLD Lipinski ASD Schiff FUR Upton AWR West WCD Clay SRD Rothman HCR Coble JLD Larson WAR Akin ZLD Lofgren THD Holden MKD Kaptur JJD Jackson SCD Cohen TPR Platts JHD Hahn HBD Berman TBD Baldwin SDD Davis MFD Fudge AHD Hastings EPD Perlmutter PTD Tonko SLD Levin DPD Payne BHD Higgins TPR Petri MWD Waters LSD Sanchez FWD Wilson CBD Brown BPD Pascrell FLR LoBiondo MHD Heinrich JBR Bonner SCR Chabot CHD Hanabusa MAR Amodei SBD Bonamici RPR Paul GAD Ackerman BMD Miller ACD Carson GGD Green KMR Marchant SJD Jackson Lee MSR Stutzman KBD Bass JHR Heck BHR Huizenga AED Eshoo JYD Yarmuth MHD Hirono LRD Roybal-Allard JPD Polis EJD Johnson DDD Davis JDD Dingell BTD Thompson HWD Waxman RHR Hanna CRD Rangel SRD Reyes RTR Turner MTD Thompson LSD Sánchez DPD Payne DCD Curson

4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the…

What it does: CRS summary · Introduced in House · Apr 7, 2011

Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union.

Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval.

Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner that is consistent with safe and sound operations.

Directs the Comptroller General to study the status of member business lending by insured credit unions.

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 2011

Latest action (Oct 12, 2011): Subcommittee Hearings Held.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 7, 2011

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.