HR 5734 · 111th Congress · Commerce
Dealer Floor Plan Program Extension and Improvement Act of 2010
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2010-07-14)
Plain Language Summary
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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