HR 4265 · 111th Congress · Commerce
To direct the Administrator of the Small Business Administration to establish and carry out a direct lending program for small business concerns, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Finance and Tax.(2009-12-10)
Plain Language Summary
[AI summary unavailable — showing source text]
Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000. Provides program funding from unobligated amounts available under title I (Troubled Asset Relief Program [TARP]) of the Emergency Economic Stabilization Act of 2008.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (4)
4 Democrats