HR 1356 · 112th Congress · Finance and Financial Sector

Capital Access for Main Street Act of 2011

Introduced 2011-04-04· Sponsored by Rep. Perlmutter, Ed [D-CO-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.(2011-05-02)

Plain Language Summary

[AI summary unavailable — showing source text] Capital Access for Main Street Act of 2011 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate, or (2) other real estate owned.…

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

Cosponsors (16)

7 Democrats9 Republicans