H.R.3380: Promoting Lending to America's Small Businesses Act of 2009

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about finance and financial sector
  • Introduced July 29, 2009
  • Latest Major Action July 29, 2009

Bill Cosponsors

127 (95 Democrats, 33 Republicans)

Bill Summary

Promoting Lending to America's Small Businesses Act of 2009 - Amends the Federal Credit Union Act to increase the total permissible amount of member business loans by an insured credit union (excluding those made to nonprofit religious organizations) to a limit of 25% of the credit union's total assets. Increases from $50,000 to $250,000 the maximum total extensions of credit a borrower or associated member of an insured credit union may have...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.3380.

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
July 29, 2009

Introduced in the House by Paul E. Kanjorski (D-Pa.)

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