US Congress House Bill 2281 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on May 6 2009 - 25% progression, died in committee
Action: 2009-05-06 - Referred to House Financial Services
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

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.

Small Business Opportunity Act of 2009

Rep. Chet Edwards [D-TX]

Rep. Steve Kagen [D-WI]

Date	Chamber	Action
2009-05-06		Referred to House Financial Services
2009-05-06		Referred to the Subcommittee on Finance and Tax.
2009-05-06		Referred to House Small Business
2009-05-06		Referred to the Committee on Small Business, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2281/all-info
Text	https://www.congress.gov/111/bills/hr2281/BILLS-111hr2281ih.pdf