[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5734 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5734

  To direct the Administrator of the Small Business Administration to 
  extend and improve the Dealer Floor Plan Pilot Initiative, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2010

  Mr. Donnelly of Indiana (for himself and Mr. Upton) introduced the 
 following bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To direct the Administrator of the Small Business Administration to 
  extend and improve the Dealer Floor Plan Pilot Initiative, 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. SHORT TITLE.

    This Act may be cited as the ``Dealer Floor Plan Program Extension 
and Improvement Act of 2010''.

SEC. 2. EXTENSION AND IMPROVEMENT OF THE DEALER FLOOR PLAN PILOT 
              INITIATIVE.

    (a) In General.--The Administrator of the Small Business 
Administration shall carry out a program to make available loan 
guarantees to assist dealers of titleable assets to finance inventory 
(in this section referred to as the ``program'').
    (b) Administration.--Except as otherwise provided under this 
section, the Administrator shall carry out the program in the same 
manner as the Dealer Floor Plan Pilot Initiative of the Small Business 
Administration, as in effect on May 1, 2010.
    (c) Maximum Participation.--The Administrator may guarantee not 
more than 90 percent of a loan under the program.
    (d) Authority To Revise Program.--Not later than 60 days after the 
date of enactment of this Act, and after consulting with 
representatives of lending institutions and manufacturers and dealers 
of titleable assets, the Administrator shall issue regulations revising 
the program to address barriers to program participation experienced by 
lending institutions and dealers of titleable assets.
    (e) Termination.--The program shall terminate on September 30, 
2015.
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