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H.R. 5734

BillFederalHouseIn Committee
Dealer Floor Plan Program Extension and Improvement Act of 2010
About This Bill
Committee
Latest Action · July 14, 2010
Referred to the House Committee on Small Business.
Congress
111th (2009–2011)
Introduced
July 14, 2010
Cosponsors (1)
0D 1R
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Summary

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Dealer Floor Plan Program Extension and Improvement Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to: (1) carry out a program to make SBA loan guarantees to assist dealers of titleable assets to finance inventory; (2) carry out such program in the same manner as the SBA's dealer floor plan pilot initiative; and (3) issue regulations revising the program to address barriers to program participation experienced by lending institutions and dealers of titleable assets. Authorizes the Administrator to guarantee up to 90% of a loan under the program.

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