3.0.0 4629 2023-01-11T13:16:36Z 2023-01-11T13:16:36Z House H HR 2010-02-22 111 hsba00 Financial Services Committee House Standing Referred to 2010-02-22T19:02:48Z 2010-02-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-02-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-02-22 Introduced in House IntroReferral 1000 9 Library of Congress L000263 Rep. Levin, Sander M. [D-MI-12] SANDER LEVIN D MI M. 12 N F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2010-02-22 True P000595 Rep. Peters, Gary C. [D-MI-9] Gary Peters D MI 9 2010-02-22 True M001140 Rep. Moore, Dennis [D-KS-3] DENNIS MOORE D KS 3 2010-02-22 True D000355 Rep. Dingell, John D. [D-MI-15] JOHN DINGELL D MI D. 15 2010-02-22 True K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2010-02-22 True R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2010-02-22 True F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 2010-02-22 True K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2010-02-22 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2010-02-22 True L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2010-02-22 True D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2010-02-22 True S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2010-02-22 True B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2010-02-22 True E000226 Rep. Etheridge, Bob [D-NC-2] BOB ETHERIDGE D NC 2 2010-02-22 True R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2010-02-22 True S001045 Rep. Stupak, Bart [D-MI-1] BART STUPAK D MI 1 2010-03-02 False S001178 Rep. Schauer, Mark H. [D-MI-7] Mark Schauer D MI H. 7 2010-03-03 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2010-03-11 False C001060 Rep. Carnahan, Russ [D-MO-3] Russ Carnahan D MO 3 2010-03-12 False S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2010-04-20 False W000793 Rep. Wu, David [D-OR-1] DAVID WU D OR 1 2010-07-13 False Finance and Financial Sector Credit and credit markets Government lending and loan guarantees Manufacturing Securities Small business State and local finance User charges and fees Finance and Financial Sector 00 2010-02-22 Introduced in House 2010-04-13T16:09:46Z Manufacturing Modernization and Diversification Act of 2010 - Directs the Secretary of the Treasury to certify special purpose vehicles (SPVs) created by a state to take part in a program to carry out collateral support and loan participation programs for the benefit of qualified manufacturers (manufacturers with less than $50 million in annual revenue and less than $50 million in assets). Outlines SPV application requirements.

Allows, under the collateral support program, a qualified manufacturer that wishes to receive a bank loan but has insufficient collateral to ask the bank to seek collateral loan support from the SPV. Prohibits an SPV from providing more than $20 million in collateral support to any one manufacturer. Requires manufacturers to be charged a fee for such support.

Allows, under the loan participation program, a qualified manufacturer that wishes to receive a bank loan but would not otherwise qualify for the loan to ask the bank to seek participation for such loan from the SPV. Prohibits an SPV from providing more than $20 million in participation support to any one manufacturer. Requires manufacturers to be charged a fee for such support.

Requires: (1) periodic reports from such banks to participating SPVs; and (2) quarterly reports from the Secretary to Congress on participants in and impacts of the support and participation programs.

]]> Manufacturing Modernization and Diversification Act of 2010 Display Title Manufacturing Modernization and Diversification Act of 2010 Official Title as Introduced To create a loan program to provide funds to State special purpose vehicles for use in collateral support programs and loan participation programs to benefit qualified manufacturers. Introduced in House IH Short Titles as Introduced Manufacturing Modernization and Diversification Act of 2010 Introduced in House 2010-02-22T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4629ih/xml/BILLS-111hr4629ih.xml 2010-02-22 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.