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H.R. 2281

BillFederalHouseIn Committee
Small Business Opportunity Act of 2009
About This Bill
Committee
Latest Action · May 6, 2009
Referred to the Subcommittee on Finance and Tax.
Congress
111th (2009–2011)
Introduced
May 6, 2009
Cosponsors (1)
1D 0R
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Summary

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Small Business Opportunity Act of 2009 - Directs the Administrator of the Small Business Administration (SBA) to establish and implement a program under which the Administrator shall pay, with respect to each SBA-guaranteed small business loan entered into after the enactment of this Act, 100% of the interest due for the first year, 75% for the second year, and 50% for the third. Terminates the authority of the Administrator to make such payments at the end of the the third year following enactment of this Act.

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