3.0.0 4340 2023-01-11T13:16:56Z 2023-01-11T13:16:56Z House H HR 2009-12-16 111 hsba00 Financial Services Committee House Standing Referred to 2009-12-16T14:03:42Z 2009-12-16 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-12-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-12-16 Introduced in House IntroReferral 1000 9 Library of Congress D000602 Rep. Davis, Artur [D-AL-7] Artur Davis D AL 7 N Finance and Financial Sector Bank accounts, deposits, capital Financial crises and stabilization Financial services and investments Government lending and loan guarantees Government trust funds Interest, dividends, interest rates Small business Finance and Financial Sector 00 2009-12-16 Introduced in House 2010-01-25T21:30:39Z Main Street Survival Act - Expresses the sense of Congress that the President should encourage financial institutions that have received federal financial support to maintain historic levels of lending to small and medium-sized businesses.

Instructs the Secretary of the Treasury to establish a three-year Main Street Revolving Loan Fund Program to provide temporary loans to businesses with less than 1,000 full-time equivalent employees.

Establishes in the Treasury a revolving loan fund to implement the Program.

Permits a business to use a Main Street revolving loan to finance the cost of certain operations, but prohibits the use of it to expand its operations significantly. Limits the term of such a loan to nine months, and the maximum total amount of loans to a particular business in any fiscal year to $1 million.

]]> Main Street Survival Act Display Title Main Street Survival Act Official Title as Introduced To require the Secretary of the Treasury to establish a revolving loan fund program for certain businesses to facilitate increased lending in the United States. Introduced in House IH Short Titles as Introduced Main Street Survival Act Introduced in House 2009-12-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4340ih/xml/BILLS-111hr4340ih.xml 2009-12-16 Referred to the House Committee on Financial Services. 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.