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Searching...- Bills
- H.R.7175
H.R.7175: Small Business Financing Improvements Act of 2008
About This Bill
- Introduced Sept. 27, 2008
- Latest Major Action Sept. 30, 2008
Bill Sponsor
Bill Cosponsors
4 (3 Democrats, 2 Republicans)
Bill Summary
Small Business Financing Improvements Act of 2008 - Title I: 7(a) Loan Program - (Sec. 101) Amends the Small Business Act to require trust certificates representing all or a portion of one or more small business loans guaranteed by the Small Business Administration (SBA) to be based on and backed by a trust or pool approved by the SBA Administrator and composed solely of the guaranteed portion of such loan(s). Makes the interest rate on such...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Small Business.
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Ms. Velazquez moved to suspend the rules and pass the bill.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 7175.
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At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Chabot objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 374 - 6 (Roll no. 675).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate.
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| Sept. 27, 2008 |
Introduced in the House by Nydia M. Velázquez (D-N.Y.) |