United States · Bill · HR
H.R. 3854 (111th)
Small Business Financing and Investment Act of 2009
Introduced
20 October 2009
Last action
2 November 2009 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
Rep. Schrader, Kurt [D-OR-5], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Halvorson, Deborah L. [D-IL-11], Rep. Kirkpatrick, Ann [D-AZ-2], Rep. Clarke, Yvette D. [D-NY-9], Rep. Skelton, Ike [D-MO-4]
Subjects
Energy
Source updated
10 December 2025
Summary
Small Business Financing and Investment Act of 2009 - Amends the Small Business Act and the Small Business Investment Act of 1958 to revise or add provisions concerning small business lending, including: (1) a rural lending outreach program; (2) a national lender training program; (3) pilot program authority; (4) a capital backstop program; (5) an independent appellate process within the Small Business Administration (SBA), with an SBA ombudsman; and (6) expanded eligibility and increased amounts for certain SBA loans. Revises or adds provisions concerning the certified development company (CDC) economic development loan program, including: (1) increased program levels; (2) authority to issue loan debentures; (3) operational requirements; (4) the accredited lenders program; (5) the premier certified lenders program; (6) authority for accredited or premier CDCs to engage in multistate loan operations; (7) SBA guarantee of debentures issued by CDCs; (8) economic development debentures; (9) CDC project funding requirements; (10) private debenture sales and the pooling of debentures; (11) CDC authority to foreclose and liquidate SBA-guaranteed loans; and (12) additional CDC report requirements. Increases eligibility for, and loan limits under, the SBA's Microloan program (small-scale loans to startup, newly-established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment). Revises or adds provisions concerning the small business investment company (SBIC) program, including: (1) expedited SBIC licensing for experienced applicants; (2) revised loan leverage limitations for successful SBICs; (3) SBIC authority to invest in veteran-owned small businesses; and (4) increased SBIC program levels. Revises or adds provisions concerning investment in small businesses engaged primarily in manufacturing and in renewable-energy small businesses. Authorizes the SBA to guarantee loans to certain medical professionals for the acquisition of health information technology used in the professionals' practice. Directs the SBA Administrator to establish and carry out a program to provide equity investment financing to support early-stage small businesses in specified targeted industries. Revises requirements and increases loan limits under the SBA's disaster loan program.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
20 October 2009
Introduced
Referred to the House Committee on Small Business.
Source: IntroReferral
20 October 2009
Introduced
Introduced in House
Source: IntroReferral
20 October 2009
Introduced
Introduced in House
Source: IntroReferral
21 October 2009
Reported
Ordered to be Reported by Voice Vote.
Source: Committee
21 October 2009
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
26 October 2009
Calendars
Placed on the Union Calendar, Calendar No. 181.
Source: Calendars
26 October 2009
Reported
Reported by the Committee on Small Business. H. Rept. 111-315.
Source: Committee
26 October 2009
Reported
Reported by the Committee on Small Business. H. Rept. 111-315.
Source: Committee
28 October 2009
Reported
Rules Committee Resolution H. Res. 875 Reported to House. Rule provides for consideration of H.R. 3854 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules shall be considered as the original bill for the purpose of further amendment.
Source: Floor
29 October 2009
Floor
Considered under the provisions of rule H. Res. 875. (consideration: CR H12074-12117)
Source: Floor
29 October 2009
Passed
The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text: CR H12079-12099)
Source: Floor
29 October 2009
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
29 October 2009
Vote
On passage Passed by the Yeas and Nays: 389 - 32 (Roll no. 830).
Source: Floor
29 October 2009
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 389 - 32 (Roll no. 830).
Source: Floor
29 October 2009
Vote
On motion to recommit with instructions Agreed to by recorded vote: 272 - 149 (Roll no. 829).
Source: Floor
29 October 2009
Floor
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H12115)
Source: Floor
29 October 2009
Floor
Mr. Cantor moved to recommit with instructions to Small Business. (consideration: CR H12114-12116; text: CR H12114)
Source: Floor
29 October 2009
Floor
Rule provides for consideration of H.R. 3854 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules shall be considered as the original bill for the purpose of further amendment.
Source: Floor
29 October 2009
Floor
The Speaker designated the Honorable Jose E. Serrano to act as Chairman of the Committee.
Source: Floor
29 October 2009
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 875 and Rule XVIII.
Source: Floor
29 October 2009
Passed
Rule H. Res. 875 passed House.
Source: Floor
2 November 2009
Introduced
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 2 November 2009 · Download file
- Engrossed in House · 29 October 2009 · Download file
- Reported in House · 26 October 2009 · Download file
- Introduced in House · 20 October 2009 · Download file
Documents
11 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 2 November 2009
Referred in Senate (PDF)
Referred in Senate · EN · 2 November 2009
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Engrossed in House (text)
Engrossed in House · EN · 29 October 2009
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Engrossed in House (PDF)
Engrossed in House · EN · 29 October 2009
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Passed House amended
summary · EN · 29 October 2009
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Reported in House (text)
Reported in House · EN · 26 October 2009
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Reported in House (PDF)
Reported in House · EN · 26 October 2009
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Reported to House without amendment
summary · EN · 26 October 2009
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Introduced in House (text)
Introduced in House · EN · 20 October 2009
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Introduced in House (PDF)
Introduced in House · EN · 20 October 2009
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 20 October 2009
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Schrader, Kurt [D-OR-5] · D · Sponsor
- Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
- Rep. Halvorson, Deborah L. [D-IL-11] · D · Sponsor
- Rep. Kirkpatrick, Ann [D-AZ-2] · D · Sponsor
- Rep. Clarke, Yvette D. [D-NY-9] · D · Cosponsor
- Rep. Skelton, Ike [D-MO-4] · D · Cosponsor
- · sssb00 · Standing
- · hssm00 · Standing
Related records
- related to → Providing for consideration of the bill (H.R. 3854) to amend the Small Business Act and the Small Business Investment Act of 1958 to improve programs providing access to capital under such Acts, and for other purposes.
- related to → Small Business Health Information Technology Financing Act
- related to → Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009
- related to → Small Business Credit Expansion and Loan Markets Stabilization Act of 2009
- related to → Small Business Early-Stage Investment Act of 2009
- related to → Job Creation and Economic Development Through CDC Modernization Act of 2009
- related to → Small Business Investment Company Modernization Act of 2009
- related to ← Small Business Microlending Expansion Act of 2009
- related to ← Small Business Disaster Readiness and Reform Act of 2009
- related to ← Small Business Assistance and Relief Act of 2010
- related to ← Small Business Health Information Technology Financing Act of 2009
- amends ← An amendment numbered 11 printed in Part B of House Report 111-317 to explicitly sunset all programs contained in the bill at the end of their authorizations or five years, whichever is earlier. The Administrator would maintain the authority to carry out responsibilities regarding all outstanding loans, grants, and other outstanding commitments made before the authorization expiration.
- amends ← An amendment numbered 1 printed in Part B of House Report 111-317 to make technical and conforming changes to the bill.
- amends ← An amendment numbered 10 printed in Part B of House Report 111-317 to create youth entrepreneurship programs in the Small Business Administration to assist the development of new businesses by young people who remain in their local area.
- amends ← An amendment numbered 4 printed in Part B of House Report 111-317 to require each of the SBA district offices to establish a marketing plan for rural businesses regarding financing and investment alternatives, designate an employer as a Rural Business Outreach Specialist, and host at least one annual outreach seminar.
Showing 15 of 28 related records.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/3854
- Open data entity: https://api.congress.gov/v3/bill/111/hr/3854
- us · 111-hr-3854 · source updated 10 December 2025