S 2919 · 111th Congress · Finance and Financial Sector

Small Business Lending Enhancement Act of 2009

Introduced 2009-12-21· Sponsored by Sen. Udall, Mark [D-CO]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: 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 Office

S. 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, 2010

Pay-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