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United States · Bill · HR

H.R. 4694 (111th)

Safe Affordable Small Dollar Loan Act of 2010

referredUnited States· United States Congress· EN

Introduced

25 February 2010

Last action

25 February 2010 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Jackie Speier, James Himes, Jared Polis, Rep. Gonzalez, Charles A. [D-TX-20], Anna Eshoo, Zoe Lofgren, Rep. Chu, Judy [D-CA-28], Rep. Lynch, Stephen F. [D-MA-8], Rep. Hinojosa, Ruben [D-TX-15], Rep. Baca, Joe [D-CA-43], Gwen Moore, Rep. Perriello, Thomas S.P. [D-VA-5], Al Green, Rep. Clarke, Yvette D. [D-NY-9], Rep. Moore, Dennis [D-KS-3], Keith Ellison, Barbara Lee, LUCILLE ROYBAL-ALLARD, Sen. Peters, Gary C. [D-MI], Rep. Rodriguez, Ciro D. [D-TX-23], Rep. Delahunt, Bill [D-MA-10], Rep. Maffei, Daniel B. [D-NY-24], Rep. Honda, Michael M. [D-CA-17], Maxine Waters, Rep. Matsui, Doris O. [D-CA-7], Rep. Quigley, Mike [D-IL-5]

Subjects

Housing, Taxation

Source updated

14 August 2025

Housing · Taxation

Official sourceDownload fileView documentsShare

Summary

Safe Affordable Small Dollar Loan Act of 2010 - Amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions or to any related partnership in order to enable such institutions to establish a loan-loss reserve fund to defray the costs of a small dollar loan program. Requires a community development financial institution to provide non-federal matching funds equal to 50% of the amount of any grant received. Prohibits the use of such grants to make direct loans to consumers. Permits a community development financial institution to use such a grant to: (1) help recapture a portion or all of a defaulted loan made under its small dollar loan program; and (2) designate and utilize a fiscal agent for services the agent normally provides. Requires the Fund to make technical assistance grants to community development financial institutions to support and maintain a small dollar loan program.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 25 February 2010

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 25 February 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 February 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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