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bill Progress


  • EnactedMarch 26th, 2010
    The President signed this bill into law
  • The senate Passed March 25th, 2010
    Passed by Voice Vote
  • The house Passed March 25th, 2010
    Passed by Voice Vote
      house Committees
      House Committee on Small Business
    IntroducedMarch 25th, 2010

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Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
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Official Title

To permit the use of previously appropriated funds to extend the Small Business Loan Guarantee Program, and for other purposes.

Summary

Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA). Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.

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