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H.R. 5249

BillFederalHouseIn Committee
Capital Access for Main Street Act of 2010
About This Bill
Committee
Latest Action · May 6, 2010
Referred to the House Committee on Financial Services.
Congress
111th (2009–2011)
Introduced
May 6, 2010
Cosponsors (6)
5D 1R
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Summary

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Capital Access for Main Street Act of 2010 - 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.

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