[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2224 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 2224

 To amend section 7(a) of the Small Business Act to provide assistance 
           to motor vehicle dealers, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 30, 2009

Mr. Terry (for himself and Mr. Campbell) introduced the following bill; 
         which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To amend section 7(a) of the Small Business Act to provide assistance 
           to motor vehicle dealers, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ASSISTANCE TO MOTOR VEHICLE DEALERS.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
amended--
            (1) by redesignating the second paragraph (32), as added by 
        section 208 of the Military Reservist and Veteran Small 
        Business Reauthorization and Opportunity Act of 2008 (Public 
        Law 110-186; 122 Stat. 631), as paragraph (33); and
            (2) by adding at the end the following:
            ``(34) Motor vehicle dealers.--
                    ``(A) In general.--The Administration may provide 
                loans under this subsection to motor vehicle dealers 
                for the purchase of motor vehicle inventory.
                    ``(B) Amount.--Notwithstanding any other limitation 
                on the amount of a loan under this subsection, the 
                maximum amount of a loan under this paragraph shall be 
                $20,000,000 and the Administration may participate in a 
                loan not exceeding such amount in the manner described 
                in paragraph (2).
                    ``(C) Motor vehicle.--For purposes of this 
                paragraph, the term `motor vehicle' includes passenger 
                automobiles, tractor-trailers, motor homes, 
                motorcycles, motorized heavy equipment, and motorized 
                agricultural implements.''.
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