3.0.0 3596 2019-11-15T21:59:15Z 2019-11-15T21:59:15Z Senate S S 2008-09-25 110 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2008-09-25T23:36:44Z 2008-09-25 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2008-09-25 Sponsor introductory remarks on measure. (CR S9505) IntroReferral B00100 9 Library of Congress 2008-09-25 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2008-09-30 False S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2008-11-17 False Commerce Economics and Public Finance Federally-guaranteed loans Fees Finance and Financial Sector Interest rates Small business Commerce 00 2008-09-25 Introduced in Senate 2009-01-09T18:09:41Z Small Business Lending Market Stabilization Act of 2008 - Directs the Administrator of the Small Business Administration (SBA), to the extent that the cost is offset by appropriations, to collect no fees currently charged by: (1) the SBA to borrowers and lenders under the SBA's 7(a) loan program (SBA-guaranteed general business loans to small businesses); and (2) development companies under SBA's 504 loan program (local business development loans). Directs the Administrator to reimburse development companies for waived fees.

Increases maximum limits on SBA loans made to small businesses under the Small Business Act and on loans made to development companies under the Small Business Investment Act of 1958.

Authorizes a small business whose SBA loan includes the acquisition of a facility or construction of a new facility to lease up to 50% of the space in such facility.

Permits certain borrowers to refinance a limited amount of their preexisting debt through a new 504 loan.

Directs the SBA to establish an optional business size standard for certain small business loan applicants.

Allows the SBA to use weighted average rates when pooling loans for sale on the secondary market.

Directs the SBA to provide lenders at least one alternative loan interest rate to the prime rate.

]]> Small Business Lending Market Stabilization Act of 2008 Short Titles as Introduced Small Business Lending Market Stabilization Act of 2008 Display Title Small Business Lending Market Stabilization Act of 2008 Official Title as Introduced A bill to stabilize the small business lending market, and for other purposes. Introduced in Senate 2008-09-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s3596is/xml/BILLS-110s3596is.xml 2008-09-25 Read twice and referred to the Committee on Small Business and Entrepreneurship. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.