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- S.509
S.509: Small Business Lending Enhancement Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced March 8, 2011
- Latest Major Action March 8, 2011
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
22 (16 Democrats, 1 Independent, 1 Independent Democrat, 4 Republicans)
Bill Summary
Small Business Lending Enhancement Act of 2011 - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union. Authorizes the National Credit Union Administration Board...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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March 8, 2011 |
Introduced in the Senate by Mark Udall (D-Colo.) |