3.0.0 2824 2023-01-11T13:16:51Z 2023-01-11T13:16:51Z Senate S S 2009-12-02 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-12-02T21:55:14Z 2009-12-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2009-12-02 Sponsor introductory remarks on measure. (CR S12162) IntroReferral B00100 9 Library of Congress 2009-12-02 Introduced in Senate IntroReferral 10000 9 Library of Congress K000305 Sen. Kohl, Herb [D-WI] HERBERT KOHL D WI H. N D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2009-12-02 True M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2009-12-23 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2010-03-23 False Finance and Financial Sector Bank accounts, deposits, capital Consumer credit Government lending and loan guarantees Finance and Financial Sector 00 2009-12-02 Introduced in Senate 2010-01-11T22:23:01Z Amends the Community Development Banking and Financial Institutions Act of 1994 to establish the Community Development Financial Institutions (CDFI) Small Dollar Loan-Loss Guarantee Fund to defray the cost of losses on specified qualifying consumer loans (not exceeding $2500) made by certain CDFIs and institutions whose primary mission is to serve low- to moderate-income individuals.

Authorizes appropriations to implement the program and to provide technical assistance grants to applicants to develop and support a small dollar loan program.

Authorizes the Administrator of the CFDI Fund to borrow from the Treasury as necessary to maintain Fund solvency.

]]> A bill to establish a small dollar loan-loss guarantee fund, and for other purposes. Display Title A bill to establish a small dollar loan-loss guarantee fund, and for other purposes. Official Title as Introduced A bill to establish a small dollar loan-loss guarantee fund, and for other purposes. Introduced in Senate IS Introduced in Senate 2009-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2824is/xml/BILLS-111s2824is.xml 2009-12-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.