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H.Amdt. 695

AmendmentFederalHousePassed
H.Amdt.695 - Amendment adds four stipulations to the Small Business Lending Fund to safeguard small businesses in the bill: 1) provides a definition of what constitutes a small business in order to ensure that funds are properly lent; 2) links lending incentives to volume in order to open up the credit markets to every qualified small business; 3) sets a hardened baseline when measuring a bank's lending record; and 4) includes small business lending companies with less than $10 billion in assets as qualified financial institutions alongside community banks and small credit unions.
About This Bill
Passed
Latest Action · June 16, 2010
On agreeing to the Nye amendment (A002) Agreed to by voice vote.
Congress
111th (2009–2011)
Introduced
June 16, 2010
Cosponsors (0)
None

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