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United States · Bill · S

S. 2869 (111th)

Small Business Job Creation and Access to Capital Act of 2009

openUnited States· United States Congress· EN

Introduced

10 December 2009

Last action

29 September 2010 · Reported

Status

Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.

Sponsors

Sen. Landrieu, Mary L. [D-LA], Sen. Snowe, Olympia J. [R-ME], Sen. Kerry, John F. [D-MA], Sen. Lieberman, Joseph I. [ID-CT], Sen. Shaheen, Jeanne [D-NH], Sen. Dorgan, Byron L. [D-ND], Sen. Casey, Robert P., Jr. [D-PA], Sen. Pryor, Mark L. [D-AR], Sen. Bingaman, Jeff [D-NM], Sen. Burris, Roland [D-IL], Sen. Klobuchar, Amy [D-MN], Sen. Levin, Carl [D-MI], Sen. Boxer, Barbara [D-CA], Sen. Stabenow, Debbie [D-MI], Sen. Bayh, Evan [D-IN], Sen. Isakson, Johnny [R-GA], Sen. Feinstein, Dianne [D-CA], Sen. Cardin, Benjamin L. [D-MD], Sen. Johnson, Tim [D-SD], Sen. Lincoln, Blanche L. [D-AR], Sen. Murray, Patty [D-WA], Sen. Johanns, Mike [R-NE], Sen. Bennet, Michael F. [D-CO], Sen. McCaskill, Claire [D-MO], Sen. Merkley, Jeff [D-OR], Sen. Specter, Arlen [R-PA], Sen. Udall, Tom [D-NM], Sen. Cantwell, Maria [D-WA]

Subjects

Discovery layer

Source updated

10 January 2026

Summary

Small Business Job Creation and Access to Capital Act of 2009 - Amends the Small Business Act to increase maximum amounts of loans under the following Small Business Administration (SBA) loan programs: (1) the section 7(a) (general small business loans) guaranteed loan program; (2) the section 504 (state and local development company) program; and (3) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program. Amends the American Recovery and Reinvestment Act of 2009 to extend through 2010 SBA authority to reduce or eliminate loan fees on section 7(a) and 504 loans. Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies. Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards. Expresses the sense of Congress that the Administrator should establish a website that: (1) lists SBA lenders and provides loan rate information; and (2) allows prospective borrowers to compare rates on SBA-guaranteed loans. Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt: (1) that was incurred no less than two years before application for the SBA loan; (2) that is a commercial loan; (3) that is not guaranteed by a federal agency; (4) the proceeds of which were used to acquire a fixed asset for the benefit of the small business; (5) that is collateralized by fixed assets; and (6) for which the borrower has been current on all payments for at least one year. Allows the Administrator to provide financing under such program for a borrower that meets certain job creation or retention goals. Provides an alternate job retention goal for which a borrower may qualify.

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

Timeline

  1. 10 December 2009

    Introduced

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

  2. 10 December 2009

    Introduced

    Sponsor introductory remarks on measure. (CR S12912)

    Source: IntroReferral

  3. 10 December 2009

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 17 December 2009

    Reported

    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment favorably.

    Source: Committee

  5. 29 September 2010

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.

    Source: Calendars

  6. 29 September 2010

    Reported

    Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 111-342.

    Source: Committee

  7. 29 September 2010

    Reported

    Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 111-342.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported to Senate (text)

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  • Reported to Senate (text)

    Reported to Senate · EN · 29 September 2010

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  • Reported to Senate (PDF)

    Reported to Senate · EN · 29 September 2010

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  • Reported to Senate with amendment(s)

    summary · EN · 29 September 2010

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 10 December 2009

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 10 December 2009

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  • Introduced in Senate

    summary · EN · 10 December 2009

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Sponsors

Related records

Sources

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