HR 5734 · 111th Congress · Commerce

Dealer Floor Plan Program Extension and Improvement Act of 2010

Introduced 2010-07-14· Sponsored by Rep. Donnelly, Joe [D-IN-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2010-07-14)

Plain Language Summary

[AI summary unavailable — showing source text] Dealer Floor Plan Program Extension and Improvement Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to: (1) carry out a program to make SBA loan guarantees to assist dealers of titleable assets to finance inventory; (2) carry out such program in the same manner as the SBA's dealer floor plan pilot initiative; and (3) issue regulations revising the program to address barriers to program participation experienced by lending institutions and dealers of titleable assets. Authorizes the Administrator to guarantee up to 90% of a loan under the program.…

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

Cosponsors (1)

1 Republican