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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Agriculture
      General Farm Commodities and Risk Management
    IntroducedMay 23rd, 2013

Bill Details

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Title

Small Business Credit Availability Act

Official Title

To ensure small businesses in rural America have access to credit to promote economic growth and job creation, and for other purposes.

Summary

Small Business Credit Availability Act - Amends the Commodity Exchange Act (CEA) to exclude from the meaning of financial entity any small bank, savings association, farm credit system institution, non-profit cooperative lender controlled by electric cooperatives, or credit union if the aggregate uncollateralized outward exposure plus aggregate potential outward exposure of the entity with respect to its swaps does not exceed $1 billion. (Thus exempts such entities from the clearing requirement.)