HR 3854 · 111th Congress · Commerce

Small Business Financing and Investment Act of 2009

Introduced 2009-10-20· Sponsored by Rep. Schrader, Kurt [D-OR-5]· House

Bill Progress

1
Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.(2009-11-02)

Recorded Votes

PassedHouse · 2009-10-29
Roll #830
Yea 389Nay 32
Democrats
250 Yea·0 Nay
Republicans
139 Yea·32 Nay
PassedHouse · 2009-10-29
Roll #830
Yea 389Nay 32
Democrats
250 Yea·0 Nay
Republicans
139 Yea·32 Nay
PassedHouse · 2009-10-29
Roll #829
Yea 272Nay 149
Democrats
101 Yea·149 Nay
Republicans
171 Yea·0 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Small Business Financing and Investment Act of 2009 - Amends the Small Business Act and the Small Business Investment Act of 1958 to revise or add provisions concerning small business lending, including: (1) a rural lending outreach program; (2) a national lender training program; (3) pilot program authority; (4) a capital backstop program; (5) an independent appellate process within the Small Business Administration (SBA), with an SBA ombudsman; and (6) expanded eligibility and increased amounts for certain SBA loans. Revises or adds provisions concerning the certified development company (CDC) economic development loan program, including: (1) increased program levels; (2) authority to issue loan debentures; (3) operational requirements; (4) the accredited lenders program; (5) the premier certified lenders program; (6) authority for accredited or premier CDCs to engage in multistate loan operations; (7) SBA guarantee of debentures issued by CDCs; (8) economic development debentures; (9) CDC project funding requirements; (10) private debenture sales and the pooling of debentures; (11) CDC authority to foreclose and liquidate SBA-guaranteed loans; and (12) additional CDC report requ…

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

Cosponsors (5)

5 Democrats