3.0.0 509 2019-02-20T23:00:41Z 2019-02-23T17:37:41Z Senate S S 2011-03-08 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2011-03-08T20:40:23Z Small Business Lending Enhancement Act of 2011 112 1418 HR 2011-10-12 Subcommittee Hearings Held. Related bill CRS Small Business Lending Enhancement Act of 2012 112 2231 S 2012-03-26 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 340. Related bill CRS 2011-03-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-03-08 Introduced in Senate IntroReferral 10000 9 Library of Congress U000038 Sen. Udall, Mark [D-CO] MARK UDALL D CO N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2011-03-08 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2011-03-08 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2011-03-08 True B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2011-03-08 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2011-03-08 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2011-03-08 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2011-03-08 True L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2011-03-08 True L000304 Sen. Lieberman, Joseph I. [ID-CT] JOSEPH LIEBERMAN ID CT I. 2011-03-08 True N000032 Sen. Nelson, Bill [D-FL] CLARENCE NELSON D FL WILLIAM 2011-03-08 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2011-03-08 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2011-03-08 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2011-03-08 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2011-03-09 False L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2011-03-09 False E000194 Sen. Ensign, John [R-NV] JOHN ENSIGN R NV 2011-03-14 False S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2011-03-15 False I000025 Sen. Inouye, Daniel K. [D-HI] DANIEL INOUYE D HI KEN 2011-03-17 False R000146 Sen. Reid, Harry [D-NV] HARRY REID D NV M. 2011-06-06 False F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2011-08-02 False P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2011-11-07 False B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2012-01-24 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Congressional oversight Credit and credit markets National Credit Union Administration Finance and Financial Sector 00 2011-03-08 Introduced in Senate 2011-05-05T21:33:30Z Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union.

Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval.

Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner that is consistent with safe and sound operations.

Directs the Comptroller General to study the status of member business lending by insured credit unions.

]]> Small Business Lending Enhancement Act of 2011 Short Titles as Introduced Small Business Lending Enhancement Act of 2011 Display Title Small Business Lending Enhancement Act of 2011 Official Title as Introduced A bill to amend the Federal Credit Union Act, to advance the ability of credit unions to promote small business growth and economic development opportunities, and for other purposes. Introduced in Senate 2011-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s509is/xml/BILLS-112s509is.xml 2011-03-08 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.