3.0.0 681 2019-11-15T21:59:39Z 2019-11-15T21:59:39Z Senate S S 2011-03-30 112 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2011-03-30T18:38:15Z 2011-03-30 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S1991-1992) IntroReferral 2011-03-30 Introduced in Senate IntroReferral 10000 9 Library of Congress S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. N Commerce Bank accounts, deposits, capital Business investment and capital Credit and credit markets Government lending and loan guarantees Securities Small business Commerce

00 2011-03-30 Introduced in Senate 2011-04-11T15:54:38Z Greater Accountability in the Lending Fund Act of 2011 - Amends the Small Business Jobs Act of 2010 relating to the Small Business Lending Fund Program to: (1) remove a requirement that the capital investment received by an eligible small business under the Program be evidenced by stock or other financial instrument that carries the highest dividend or interest rate payable; (2) terminate the Program 15 years after the enactment of such Act; (3) prohibit the Secretary of the Treasury from making capital investments under the Program if the Federal Deposit Insurance Corporation (FDIC) is appointed receiver of 5% or more of the institutions receiving an investment under the Program; (4) prohibit Program participation by any institution in which the Secretary made an investment under the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008; (5) revise provisions concerning consideration of private investment under the Program; (6) require the approval of (under current law, requires consultation with) appropriate financial regulators when determining whether an institution should receive a capital investment; and (7) revise the benchmark against which changes in the amount of small business lending shall be measured.

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Short Titles as Introduced Display Title Official Title as Introduced Introduced in Senate 2011-03-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s681is/xml/BILLS-112s681is.xml 2011-03-30 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S1991-1992) 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.