HR 1356 · 112th Congress · Finance and Financial Sector
Capital Access for Main Street Act of 2011
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.(2011-05-02)
Plain Language Summary
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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