- Not enactedThe President has not signed this bill
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Committee on Small BusinessIntroducedJuly 14th, 2010
- house Committees
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Dealer Floor Plan Program Extension and Improvement Act of 2010
To direct the Administrator of the Small Business Administration to extend and improve the Dealer Floor Plan Pilot Initiative, and for other purposes.
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.