3.0.0 5816 2023-01-11T13:21:54Z 2023-01-11T13:21:54Z House H HR 2010-07-22 111 hsba00 Financial Services Committee House Standing Referred to 2010-07-22T14:03:48Z 2010-07-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2010-07-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-07-22 Introduced in House IntroReferral 1000 9 Library of Congress M001175 Rep. Minnick, Walter [D-ID-1] Walter Minnick D ID 1 N S001171 Rep. Shuler, Heath [D-NC-11] Heath Shuler D NC 11 2010-07-22 True S001148 Rep. Simpson, Michael K. [R-ID-2] MICHAEL SIMPSON R ID K. 2 2010-07-22 True K000370 Rep. Kosmas, Suzanne M. [D-FL-24] Suzanne Kosmas D FL M. 24 2010-07-22 True L000553 Rep. LaTourette, Steven C. [R-OH-14] STEVEN LATOURETTE R OH C. 14 2010-07-22 True H001046 Rep. Heinrich, Martin [D-NM-1] Martin Heinrich D NM T. 1 2010-07-22 True M001146 Rep. Marshall, Jim [D-GA-8] Jim Marshall D GA 8 2010-07-22 True Finance and Financial Sector Advisory bodies Credit and credit markets Government lending and loan guarantees Industrial facilities Real estate business Small business Finance and Financial Sector 00 2010-07-22 Introduced in House 2010-10-04T20:48:49Z Commercial Real Estate Stabilization Act of 2010 - Establishes an Oversight Board to: (1) advise the Secretary of the Treasury on the Commercial Real Estate Credit Guarantee Program (established by this Act); and (2) report quarterly to Congress on the Program and on the current state of the credit system in the United States with respect to commercial lending, small business, and commercial real estate lending.

Directs the Secretary to establish the Commercial Real Estate Credit Guarantee Program, under which the Secretary shall guarantee payments of interest and principal on an approved credit instrument.

Requires 50% of the Program to be used for small- and mid-sized institutions.

Permits loans for either owner-occupied or nonowner-occupied commercial real estate.

States that guarantees issued under this Act constitute general obligations of the United States, for which the full faith and credit of the United States is pledged.

Expresses the intent of Congress that the Program be utilized when such utilization proves beneficial, and not be unduly inhibited by concerns related to potential unfavorable regulatory accounting treatment.

]]> Commercial Real Estate Stabilization Act of 2010 Display Title Commercial Real Estate Stabilization Act of 2010 Official Title as Introduced To establish a commercial real estate credit guarantee program to empower community banks and other lenders to make loans while stabilizing the value of small denomination commercial real estate assets, and for other purposes. Introduced in House IH Short Titles as Introduced Commercial Real Estate Stabilization Act of 2010 Introduced in House 2010-07-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5816ih/xml/BILLS-111hr5816ih.xml 2010-07-22 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.