S 2919 · 111th Congress · Finance and Financial Sector
Small Business Lending Enhancement Act of 2009
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2009-12-21)
Plain Language Summary
[AI summary unavailable — showing source text]
Small Business Lending Enhancement Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets. Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have before any extension of credit shall be considered a member business loan. Directs the National Credit Union Administration (NCUA) Board to report semiannually to Congress on the status of member business lending made by insured credit unions during the reporting period.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeS. 2919, Small Business Lending Enhancement Act of 2010
Sep 29, 2010<p>Pay-as-you-go table for the bill as provided with an amendment to CBO on September 29, 2010</p>
Full CBO report ↗S. 2919, Small Business Lending Enhancement Act of 2010
Sep 29, 2010Pay-as-you-go table for the bill as provided with an amendment to CBO on September 29, 2010
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (14)
10 Democrats2 Republicans2 Independents