HR 2281 · 111th Congress · Commerce

Small Business Opportunity Act of 2009

Introduced 2009-05-06· Sponsored by Rep. Kagen, Steve [D-WI-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Finance and Tax.(2009-05-06)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Opportunity Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to establish and implement a program under which the Administrator shall pay, with respect to each SBA-guaranteed small business loan entered into after the enactment of this Act, 100% of the interest due for the first year, 75% for the second year, and 50% for the third. Terminates the authority of the Administrator to make such payments at the end of the the third year following enactment of this Act.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat