3.0.0 5445 2023-01-11T13:20:06Z 2023-01-11T13:20:06Z House H HR 2010-05-27 111 hsba00 Financial Services Committee House Standing Referred to 2010-05-27T14:11:45Z 2010-05-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-05-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-05-27 Introduced in House IntroReferral 1000 9 Library of Congress P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 N C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2010-05-27 True Commerce Business investment and capital Government information and archives Government lending and loan guarantees Interest, dividends, interest rates Small business Commerce 00 2010-05-27 Introduced in House 2010-06-17T21:07:00Z Incentives for Successful Small Businesses Act of 2010 - Directs the Secretary of the Treasury to establish: (1) criteria for a long-term U.S. growth plan for any company or enterprise seeking incentives under this Act, as well as for U.S. expansion plans of successful small businesses that would qualify for such incentives; (2) procedures for loan guarantee and interest rate subsidy programs; and (3) a program to disseminate information rapidly about such programs and procedures.

Directs the Secretary to establish a five-year program to provide guarantees of up to 80% of the principal of any loan which banks and lenders make at the lowest collateralized rate available to any successful small business to facilitate its U.S. expansion plans.

Directs the Secretary to establish a five-year interest rate subsidy program to pay one percentage point of interest on any such loan to the extent the loan's annual percentage rate (APR) does not exceed the lowest collateralized rate available, minus the rate paid by the Secretary.

]]> Incentives for Successful Small Businesses Act of 2010 Display Title Incentives for Successful Small Businesses Act of 2010 Official Title as Introduced To establish a program for providing loan guarantees and interest rate subsidies for successful companies to establish and implement long-term United States growth plans, and for other purposes. Introduced in House IH Short Titles as Introduced Incentives for Successful Small Businesses Act of 2010 Introduced in House 2010-05-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5445ih/xml/BILLS-111hr5445ih.xml 2010-05-27 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.