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Legislation Details
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'To amend the Small Business Act and the Small Business Investment Act of 1958 to improve programs providing access to capital under such Acts, and for other purposes.
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: 111
State: Federal
Chamber: House
Bill Number: H.R. 3854
Sponsor:
Rep. Kurt Schrader (D-OR)
Last Sponsor Date: Oct. 22, 2009
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Official Title as Introduced: 'To amend the Small Business Act and the Small Business Investment Act of 1958 to improve programs providing access to capital under such Acts, and for other purposes.
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| Summary |
Sponsors |
Activity |
Amendments |
Committees |
10/20/2009--Introduced.
Small Business Financing and Investment Act of 2009 - Amends the Small Business Act and the Small Business Investment Act of 1958 to revise or add provisions concerning small business lending, including: (1) a rural lending outreach program; (2) a national lender training program; (3) pilot program authority; (4) a capital backstop program; (5) an independent appellate process within the Small Business Administration (SBA), with an SBA ombudsman; and (6) expanded eligibility and increased amounts for certain SBA loans.
Revises or adds provisions concerning the certified development company (CDC) economic development loan program, including: (1) increased program levels; (2) authority to issue loan debentures; (3) operational requirements; (4) the accredited lenders program; (5) the premier certified lenders program; (6) authority for accredited or premier CDCs to engage in multistate loan operations; (7) SBA guarantee of debentures issued by CDCs; (8) economic development debentures; (9) CDC project funding requirements; (10) private debenture sales and the pooling of debentures; (11) CDC authority to foreclose and liquidate SBA-guaranteed loans; and (12) additional CDC report requirements.
Increases eligibility for, and loan limits under, the SBA's Microloan program (small-scale loans to startup, newly-established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment).
Revises or adds provisions concerning the small business investment company (SBIC) program, including: (1) expedited SBIC licensing for experienced applicants; (2) revised loan leverage limitations for successful SBICs; (3) SBIC authority to invest in veteran-owned small businesses; and (4) increased SBIC program levels.
Revises or adds provisions concerning investment in small businesses engaged primarily in manufacturing and in renewable-energy small businesses.
Authorizes the SBA to guarantee loans to certain medical professionals for the acquisition of health information technology used in the professionals' practice.
Directs the SBA Administrator to establish and carry out a program to provide equity investment financing to support early-stage small businesses in specified targeted industries.
Revises requirements and increases loan limits under the SBA's disaster loan program.
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| Sponsor/Co-sponsor(s) 6 |
| Oct. 20, 2009 |
Rep. Kurt Schrader (D-OR) |
| Oct. 22, 2009 |
Rep. Yvette Clarke (D-NY) |
| Oct. 20, 2009 |
Rep. Nydia Velazquez (D-NY) |
| Oct. 22, 2009 |
Rep. Ike Skelton (D-MO) |
| Oct. 20, 2009 |
Rep. Deborah Halvorson (D-IL) |
| Oct. 20, 2009 |
Rep. Ann Kirkpatrick (D-AZ) |
| Oct. 20, 2009 |
Referred to the House Committee on Small Business.
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| Oct. 21, 2009 |
Committee Consideration and Mark-up Session Held.
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| Oct. 21, 2009 |
Ordered to be Reported by Voice Vote.
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| Oct. 26, 2009 |
Reported by the Committee on Small Business. H. Rept. 111-315.
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| Oct. 26, 2009 |
Placed on the Union Calendar, Calendar No. 181.
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| Oct. 28, 2009 |
Rules Committee Resolution H. Res. 875 Reported to House. Rule provides for consideration of H.R. 3854 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report |
| Oct. 29, 2009 |
Rule H. Res. 875 passed House.
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| Oct. 29, 2009 |
Considered under the provisions of rule H. Res. 875.
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| Oct. 29, 2009 |
Rule provides for consideration of H.R. 3854 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules shall be considered as the orig |
| Oct. 29, 2009 |
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 875 and Rule XVIII.
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| Oct. 29, 2009 |
The Speaker designated the Honorable Jose E. Serrano to act as Chairman of the Committee.
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| Oct. 29, 2009 |
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3854.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 20 minutes of debate on the Velazquez amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Schock amendment #2.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Schock amendment #3.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Bright amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Flake amendment.
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| Oct. 29, 2009 |
POSTPONED PROCEEDINGS - At the conclusion of debate on the Flake amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes prevailed. Ms. Velazquez demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Kosmas amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Gingrey amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Kratovil amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Paulsen amendment.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Massa amendment.
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| Oct. 29, 2009 |
H.AMDT.486
On agreeing to the Massa amendment (A010) Agreed to by voice vote.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Foxx amendment.
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| Oct. 29, 2009 |
H.AMDT.487
Amendment (A011) offered by Ms. Foxx.
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| Oct. 29, 2009 |
H.AMDT.487
By unanimous consent, the Foxx amendment was withdrawn.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Kissell amendment.
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| Oct. 29, 2009 |
H.AMDT.488
Amendment (A012) offered by Mr. Kissell.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Peters amendment.
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| Oct. 29, 2009 |
H.AMDT.488
On agreeing to the Kissell amendment (A012) Agreed to by voice vote.
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| Oct. 29, 2009 |
H.AMDT.489
Amendment (A013) offered by Mr. Peters.
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| Oct. 29, 2009 |
H.AMDT.489
On agreeing to the Peters amendment (A013) Agreed to by voice vote.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Miller (MI) amendment No. 14.
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| Oct. 29, 2009 |
H.AMDT.490
Amendment (A014) offered by Mrs. Miller (MI).
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Miller (MI) amendment No 15.
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| Oct. 29, 2009 |
H.AMDT.490
On agreeing to the Miller (MI) amendment (A014) Agreed to by voice vote.
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| Oct. 29, 2009 |
H.AMDT.491
Amendment (A015) offered by Mrs. Miller (MI).
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| Oct. 29, 2009 |
H.AMDT.491
On agreeing to the Miller (MI) amendment (A015) Agreed to by voice vote.
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| Oct. 29, 2009 |
DEBATE - Pursuant to the provisions of H.Res. 875, the Committee of the Whole proceeded with 10 minutes of debate on the Nye amendment.
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| Oct. 29, 2009 |
H.AMDT.492
Amendment (A016) offered by Mr. Nye.
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| Oct. 29, 2009 |
H.AMDT.492
On agreeing to the Nye amendment (A016) Agreed to by voice vote.
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| Oct. 29, 2009 |
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of a amendment which had been debated earlier and on which further proceedings had been postponed.
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| Oct. 29, 2009 |
H.AMDT.481
On agreeing to the Flake amendment (A005) Agreed to by recorded vote: 370 - 55 (Roll no. 828).
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| Oct. 29, 2009 |
The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union.
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| Oct. 29, 2009 |
DEBATE - The House proceeded with 10 minutes of debate on the Cantor motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House with an amendment to conduct a study on additional credit risk factors.
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| Oct. 29, 2009 |
Mr. Cantor moved to recommit with instructions to Small Business.
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| Oct. 29, 2009 |
The previous question on the motion to recommit with instructions was ordered without objection.
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| Oct. 29, 2009 |
H.AMDT.493
Amendment (A017) offered by Ms. Velazquez.
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| Oct. 29, 2009 |
H.AMDT.493
On agreeing to the Velazquez amendment (A017) Agreed to by voice vote.
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| Oct. 29, 2009 |
On motion to recommit with instructions Agreed to by recorded vote: 272 - 149 (Roll no. 829).
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| Oct. 29, 2009 |
Motion to reconsider laid on the table Agreed to without objection.
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| Oct. 29, 2009 |
On passage Passed by the Yeas and Nays: 389 - 32 (Roll no. 830).
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| Nov. 02, 2009 |
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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| H.AMDT.477 |
| H.AMDT.478 |
| H.AMDT.479 |
| H.AMDT.480 |
| H.AMDT.481 |
| H.AMDT.482 |
| H.AMDT.483 |
| H.AMDT.484 |
| H.AMDT.485 |
| H.AMDT.486 |
| H.AMDT.487 |
| H.AMDT.488 |
| H.AMDT.489 |
| H.AMDT.490 |
| H.AMDT.491 |
| H.AMDT.492 |
| H.AMDT.493 |
| Referral, In Committee |
Small Business |
| Referral, In Committee |
Small Business and Entrepreneurship |
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View bill text on Thomas
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