3.0.0 3737 2023-01-11T13:17:21Z 2023-01-11T13:17:21Z House H HR 2009-10-07 111 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2009-11-09T20:23:32Z hssm00 Small Business Committee House Standing hssm19 Finance and Tax Reported by 2009-10-08T21:47:30Z Markup by 2009-10-08T21:47:09Z Referred to 2009-10-07T21:22:46Z Referred to 2009-10-07T14:00:42Z 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 2009-11-09 sssb00 Small Business and Entrepreneurship Committee Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2009-11-07 09:57:19 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2009-11-07 09:57:18 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 23 (Roll no. 876). (text: CR 11/6/2009 H12466-12467) Floor H37300 2 House floor actions 876 https://clerk.house.gov/evs/2009/roll876.xml House 111 2009-11-07T14:57:18Z 1 2009-11-07 09:57:18 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 23 (Roll no. 876).(text: CR 11/6/2009 H12466-12467) Floor 8000 9 Library of Congress 876 https://clerk.house.gov/evs/2009/roll876.xml House 111 2009-11-07T14:57:18Z 1 2009-11-07 09:26:22 Considered as unfinished business. (consideration: CR H12594-12595) Floor H30000 2 House floor actions 2009-11-06 10:15:49 At the conclusion of debate, the chair put the question on the motion to suspend the rules. Ms. Velazquez objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn. Floor H37210 2 House floor actions 2009-11-06 09:58:41 DEBATE - The House proceeded with forty minutes of debate on H.R. 3737. Floor H8D000 2 House floor actions 2009-11-06 09:58:40 Considered under suspension of the rules. (consideration: CR H12466-12469) Floor H30000 2 House floor actions 2009-11-06 09:58:39 Ms. Velazquez moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 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 2009-10-07 hssm19 Finance and Tax 1 House committee actions Referred to the Subcommittee on Finance and Tax. Committee 2009-10-07 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2009-10-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-10-07 Introduced in House IntroReferral 1000 9 Library of Congress E000289 Rep. Ellsworth, Brad [D-IN-8] Brad Ellsworth D IN 8 N H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2009-11-06 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2009-11-06 False Commerce Business investment and capital Congressional oversight Credit and credit markets Government lending and loan guarantees Interest, dividends, interest rates Minority and disadvantaged businesses Small business Veterans' loans, housing, homeless programs Women in business Commerce 00 2009-10-07 Introduced in House 2009-11-03T22:50:34Z Small Business Microlending Expansion Act of 2009 - Amends the Small Business Act with respect to the Small Business Administration (SBA) Microloan program (small-scale loans to start-up, newly established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment) to: (1) direct the SBA Administrator to establish a process under which an intermediary making a Microloan loan provides relevant borrower information to the major credit reporting agencies; (2) remove the requirement that such loans be short-term only; (3) provide increased intermediary eligibility for program participation; (4) increase intermediary borrowing limits; and (5) increase the maximum loan amount to a small business borrower that will qualify for a reduced interest rate from the intermediary.

Directs the Administrator to submit annually to the congressional small business committees specified information with respect to the Microloan program.

]]> 36 2009-11-07 Passed House amended 2009-11-12T17:50:13Z Small Business Microlending Expansion Act of 2009 - (Sec. 2) Amends the Small Business Act with respect to the Small Business Administration (SBA) Microloan program (small-scale loans to start-up, newly established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment) to direct the SBA Administrator to establish a process under which an intermediary making a Microloan loan provides relevant borrower information to the major credit reporting agencies.

(Sec. 3) Removes the requirement that such loans be short-term only.

(Sec. 4) Increases eligibility for Microloan program participation to include intermediaries with at least one full-time employee with not less than: (1) three years of experience making microloans to startup, newly established, or growing small businesses; or (2) one year of experience providing intensive marketing, management, and technical assistance to borrowers.

(Sec. 5) Increases from: (1) $750,000 to $1 million the loan limit to an intermediary in the first year of participation; and (2) $3.5 million to $7 million the loan limit for the remaining years of participation.

(Sec. 6) Increases from 25% to 35% of grant funds received the maximum amount that may be used by an intermediary to provide information and technical assistance to small business borrowers.

(Sec. 7) Allows intermediaries that receive grants to establish a program that provides technical assistance to young entrepreneurs in establishing or operating a small business, or in securing financing, in the area served by the intermediary.

(Sec. 8) Increases from $7,500 to $10,000 the maximum loan amount to a small business borrower that will qualify for a reduced interest rate from the intermediary.

(Sec. 9) Directs the Administrator to submit annually to the congressional small business committees specified information with respect to the Microloan program, including participating intermediaries and borrowers, and the marketing, management, and technical assistance provided.

(Sec. 10) Authorizes the Administrator to make grants to intermediaries for reducing interest rates charged to Microloan borrowers (interest assistance grants).

(Sec. 11) Authorizes the Administrator to make Microloan technical assistance grants, direct loans, and interest assistance grants for FY2010-FY2011, and authorizes appropriations for such loans and grants.

]]> Small Business Microlending Expansion Act of 2009 Display Title Small Business Microlending Expansion Act of 2009 Official Title as Introduced To amend the Small Business Act to improve the Microloan Program, and for other purposes. Introduced in House IH Short Titles as Introduced Small Business Microlending Expansion Act of 2009 Short Titles as Passed House Small Business Microlending Expansion Act of 2009 H House Referred in Senate 2009-11-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3737rfs/xml/BILLS-111hr3737rfs.xml Engrossed in House 2009-11-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3737eh/xml/BILLS-111hr3737eh.xml Introduced in House 2009-10-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr3737ih/xml/BILLS-111hr3737ih.xml 2009-11-09 Received in the Senate and 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.