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  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
    IntroducedDecember 9th, 2009

Bill Details

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Title

CREATE Growth and Jobs Act

Official Title

A bill to reallocate a portion of the Troubled Asset Relief Program to increase lending to main street.

Summary

Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to obtain credit elsewhere. Sets forth maximum loan terms and conditions. Limits the total of such loans in any fiscal year to $10 billion. Makes certain funds under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) available to implement this Act.

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