I 111th CONGRESS 1st Session H. R. 2224 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.

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. .