3.0.0 2869 2023-01-11T13:16:50Z 2023-01-11T13:16:50Z Senate S S 2009-12-10 111 sssb00 Small Business and Entrepreneurship Committee Senate Standing Reported by 2010-09-30T01:46:25Z Markup by 2009-12-17T21:38:50Z Referred to 2009-12-10T19:48:15Z S. Rept. 111-342 Small Business Jobs Act of 2010 111 5297 HR 2010-09-27 Became Public Law No: 111-240. Related bill CRS Small Business Job Creation Act of 2010 111 3103 S 2010-03-10 Read twice and referred to the Committee on Finance. Related bill CRS Small Business Job Creation and Access to Capital Act of 2009 111 4302 HR 2009-12-14 Referred to the House Committee on Small Business. Identical bill CRS 2010-09-29 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 634. Calendars 2010-09-29 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 111-342. Committee 2010-09-29 Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 111-342. Committee 14000 9 Library of Congress sssb00 Small Business and Entrepreneurship Committee 2009-12-17 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment favorably. Committee 2009-12-10 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2009-12-10 Sponsor introductory remarks on measure. (CR S12912) IntroReferral B00100 9 Library of Congress 2009-12-10 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2009-12-10 True K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2009-12-11 False L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2009-12-11 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2009-12-11 False D000432 Sen. Dorgan, Byron L. [D-ND] BYRON DORGAN D ND LESLIE 2009-12-11 False C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2009-12-14 False P000590 Sen. Pryor, Mark L. [D-AR] Mark Pryor D AR Lunsford 2009-12-14 False B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2009-12-14 False B001266 Sen. Burris, Roland [D-IL] Roland Burris D IL 2009-12-14 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2009-12-14 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2009-12-14 False B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2009-12-15 False S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2009-12-15 False B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2009-12-16 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2009-12-16 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2009-12-16 False C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2009-12-18 False J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2010-01-20 False L000035 Sen. Lincoln, Blanche L. [D-AR] BLANCHE LINCOLN D AR LAMBERT 2010-02-22 False M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2010-02-22 False J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2010-02-22 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2010-02-26 False M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2010-03-08 False M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2010-04-26 False S000709 Sen. Specter, Arlen [D-PA] ARLEN SPECTER D PA 2010-04-29 False U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2010-05-10 False C000127 Sen. Cantwell, Maria [D-WA] Maria Cantwell D WA 2010-05-27 False 2010-01-26T06:00:00Z S. 2869, Small Business Job Creation and Access to Capital Act of 2009 http://www.cbo.gov/publication/20981 <p>Cost estimate for the bill as ordered reported by the Senate Committee on Small Business and Entrepreneurship on December 17, 2009</p> 2010-01-26T06:00:00Z S. 2869, Small Business Job Creation and Access to Capital Act of 2009 https://www.cbo.gov/publication/20981 Cost estimate for the bill as ordered reported by the Senate Committee on Small Business and Entrepreneurship on December 17, 2009 H.R.5297 https://www.congress.gov/bill/111th-congress/house-bill/5297 Commerce Business investment and capital Government information and archives Government lending and loan guarantees Small business Unemployment User charges and fees Commerce 00 2009-12-10 Introduced in Senate 2010-02-02T15:29:55Z Small Business Job Creation and Access to Capital Act of 2009 - Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program.

Amends the American Recovery and Reinvestment Act of 2009 to extend through 2010 SBA authority to reduce or eliminate loan fees on section 7(a) and 504 loans.

Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies.

Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards.

Expresses the sense of Congress that the Administrator should establish a website that: (1) lists SBA lenders and provides loan rate information; and (2) allows prospective borrowers to compare rates on SBA-guaranteed loans.

Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt: (1) that was incurred no less than two years before application for the SBA loan; (2) that is a commercial loan; (3) that is not guaranteed by a federal agency; (4) the proceeds of which were used to acquire a fixed asset for the benefit of the small business; (5) that is collateralized by fixed assets; and (6) for which the borrower has been current on all payments for at least one year. Allows the Administrator to provide financing under such program for a borrower that meets certain job creation or retention goals. Provides an alternate job retention goal for which a borrower may qualify.

]]> 01 2010-09-29 Reported to Senate with amendment(s) 2010-10-07T14:16:24Z Small Business Job Creation and Access to Capital Act of 2009 - Title I: Next Steps for Main Street Credit Availability - (Sec. 101) Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program. Repeals on January 1, 2011, the percentage increases under the 7(a) guaranteed loan program.

(Sec. 104) Amends the American Recovery and Reinvestment Act of 2009 to extend through 2010 SBA authority to reduce or eliminate loan fees on section 7(a) and 504 loans.

(Sec. 105) Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies.

(Sec. 106) Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards. Provides an interim rule until such alternative standard takes effect.

(Sec. 107) Provides that if the amount of the guaranteed portion of any 7(a) loan is more than $500,000, the Administrator shall, upon request of a loan pool assembler, divide the loan guarantee into increments of $500,000 and one increment of any remaining amount of less than $500,000, in order to prevent the maximum amount of any loan in a pool from being more than $500,000. Allows only one increment of any loan guarantee so divided to be included in the same loan pool.

(Sec. 108) Expresses the sense of Congress that the Administrator should establish a website that: (1) lists SBA lenders and provides loan rate information; and (2) allows prospective borrowers to compare rates on SBA-guaranteed loans.

Title II: Small Business Access to Capital - (Sec. 202) Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt: (1) that was incurred no less than two years before application for the SBA loan; (2) that is a commercial loan; (3) that is not guaranteed by a federal agency; (4) the proceeds of which were used to acquire a fixed asset for the benefit of the small business; (5) that is collateralized by fixed assets; and (6) for which the borrower has been current on all payments for at least one year. Allows the Administrator to provide financing under such program for a project that does not involve small business expansion, if the borrower meets certain job creation or retention goals. Provides an alternate job retention goal for which a borrower may qualify.

Title III: Other Matters - (Sec. 301) Establishes a three-year pilot program under which the Administrator may make direct loans to private, nonprofit entities (intermediaries), for the purpose of making loans of up to $200,000 each to startup, newly established, and growing small businesses for working capital, real estate, or the acquisition of materials, supplies, or equipment. Authorizes the Administrator, under the program, to make 1%, 20-year loans of up to $1 million each to up to 20 intermediaries during FY2010-FY2012.

(Sec. 302) Prohibits the use of Troubled Asset Relief Program (TARP) funds or 2010 tax increases to carry out this Act or any of its amendments.

]]> Small Business Job Creation and Access to Capital Act of 2009 Display Title Small Business Job Creation and Access to Capital Act of 2009 Official Title as Introduced A bill to increase loan limits for small business concerns, to provide for low interest refinancing for small business concerns, and for other purposes. Introduced in Senate IS Short Titles as Introduced Small Business Job Creation and Access to Capital Act of 2009 Short Titles as Reported to Senate Small Business Job Creation and Access to Capital Act of 2009 S Senate Reported to Senate 2010-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2869rs/xml/BILLS-111s2869rs.xml Introduced in Senate 2009-12-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2869is/xml/BILLS-111s2869is.xml 2010-09-29 Placed on Senate Legislative Calendar under General Orders. Calendar No. 634. 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.