I 111th CONGRESS 2d Session H. R. 5734 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.

1.

Short title

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

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.