3.0.0 3723 2023-01-11T13:17:55Z 2023-01-11T13:17:55Z House H HR 2009-10-06 111 hssm00 Small Business Committee House Standing hssm19 Finance and Tax Reported by 2009-10-08T21:46:07Z Markup by 2009-10-08T21:44:43Z Referred to 2009-10-06T21:20:42Z Referred to 2009-10-06T16:32:43Z Small Business Financing and Investment Act of 2009 111 3854 HR 2009-11-02 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Text similarities House 2009-10-21 hssm00 Small Business Committee 1 House committee actions Provisions of Measure Incorporated into H.R. 3854. Committee 2009-10-08 hssm19 Finance and Tax 1 House committee actions Forwarded by Subcommittee to Full Committee by Voice Vote . Committee 2009-10-08 hssm19 Finance and Tax 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2009-10-06 hssm19 Finance and Tax 1 House committee actions Referred to the Subcommittee on Finance and Tax. Committee 2009-10-06 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2009-10-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-10-06 Introduced in House IntroReferral 1000 9 Library of Congress H001044 Rep. Halvorson, Deborah L. [D-IL-11] Deborah Halvorson D IL L. 11 N S000465 Rep. Skelton, Ike [D-MO-4] IKE SKELTON D MO 4 2009-10-20 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2009-10-21 False Commerce Administrative law and regulatory procedures Administrative remedies Business investment and capital Business records Credit and credit markets Executive agency funding and structure Financial crises and stabilization Government lending and loan guarantees Government studies and investigations Indian social and development programs Minority and disadvantaged businesses National Guard and reserves Rural conditions and development Small Business Administration Small business User charges and fees Veterans' education, employment, rehabilitation Veterans' loans, housing, homeless programs Women in business Commerce 00 2009-10-06 Introduced in House 2009-12-30T21:05:27Z Small Business Credit Expansion and Loan Markets Stabilization Act of 2009 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to establish and carry out: (1) a program to provide support to SBA regional, district, and branch offices to assist small lenders not participating in the SBA Preferred Lenders Program to participate in other programs for assistance to small businesses under the SBA 7(a) general business loan program; (2) a rural lending outreach program; and (3) a lender training program for new and existing lenders.

Makes permanent (currently pilot programs): (1) the SBA's Community Express Program; and (2) a program for reduced fees for veteran participation loans.

Reduces restrictions with respect to borrower leasing of space constructed with the proceeds of an SBA-guaranteed loan.

Directs the Administrator to establish and permit a lender making a 7(a) loan to use an alternative loan size standard based on factors including a business's maximum tangible net worth and average net income.

Prohibits more than 10% of SBA-guaranteed loans in a fiscal year from being awarded as part of a pilot program. Provides additional pilot program dollar limitations. Prohibits pilot programs (other than existing ones) from exceeding three years in duration.

Authorizes the Administrator to provide loans to cooperatives, under specified conditions.

Directs the Administrator to establish: (1) a capital backstop program, under which the Administrator collects information from a small business to determine the creditworthiness and repayment ability of a small business attempting to secure an SBA-guaranteed loan; and (2) a process for providing such information to participating lenders.

Prohibits the Administrator from applying any application, processing, or approval standard to a loan for the purpose of financing goodwill, unless such standard applies to all 7(a) loans.

Directs the Administrator to: (1) establish an independent SBA appellate process for reviewing material determinations affecting a lender or investment company participating or applying to participate in an SBA program; and (2) appoint an SBA ombudsman.

Amends the American Recovery and Reinvestment Act of 2009 to extend and expand certain loans made available to small businesses.

Increases certain SBA loan limits. Revises real estate appraisal requirements with respect to SBA loans secured by commercial property.

]]> Small Business Credit Expansion and Loan Markets Stabilization Act of 2009 Display Title Small Business Credit Expansion and Loan Markets Stabilization Act of 2009 Official Title as Introduced To amend the Small Business Act to improve the activities carried out under section 7(a) of such Act, and for other purposes. Introduced in House IH Short Titles as Introduced Small Business Credit Expansion and Loan Markets Stabilization Act of 2009 Introduced in House 2009-10-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3723ih/xml/BILLS-111hr3723ih.xml 2009-10-21 Provisions of Measure Incorporated into H.R. 3854. 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.