United States · Law · HR
H.R. 5297 (111th)
Small Business Jobs Act of 2010
Introduced
13 May 2010
Last action
—
Status
Became Public Law No: 111-240.
Sponsors
—
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Small Business Lending Fund Act of 2010 - Establishes in the Treasury the Small Business Lending Fund, administered by the Secretary of the Treasury. Authorizes the Secretary to establish: (1) the Small Business Lending Fund Program; and (2) a program to allocate federal funds to participating states to expand credit availability to small businesses. Makes the Fund available to the Secretary to purchase up to $30 billion in preferred stock and other financial instruments (capital investments) from eligible depository institutions, bank holding companies, or savings and loan holding companies (eligible institutions) having total assets of $1 billion or less or of between $1 billion and $10 billion. Prohibits the Secretary from denying an application by an eligible institution for a capital investment under the Program solely on the basis of its composite rating under the Uniform Financial Institutions Rating System (or an equivalent). Sets forth financial incentives for small business lending by such eligible institutions. Grants the Secretary additional authorities to implement this Act, taking into consideration: (1) increasing the availability of credit for small businesses; and (2) providing funding to eligible institutions that serve small businesses in low- and moderate-income, minority, and other underserved communities. Terminates the authority to make capital investments in eligible institutions one year after the date of enactment of this Act. States that: (1) the Program is established as separate and distinct from the Troubled Asset Relief Program (TARP) under the Emergency Economic Stabilization Act of 2008 (EESA); and (2) an institution shall not be considered a TARP recipient by virtue of a capital investment under this Act.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
18 official files
Enrolled Bill (text)
Enrolled Bill (text)
Enrolled Bill · EN
Enrolled Bill (PDF)
Enrolled Bill · EN
Public Law (text)
Public Law · EN · 27 September 2010
Public Law (PDF)
Public Law · EN · 27 September 2010
Public Law
summary · EN · 27 September 2010
Engrossed Amendment Senate (text)
Engrossed Amendment Senate · EN · 16 September 2010
Engrossed Amendment Senate (PDF)
Engrossed Amendment Senate · EN · 16 September 2010
Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 21 June 2010
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 21 June 2010
Engrossed in House (text)
Engrossed in House · EN · 17 June 2010
Engrossed in House (PDF)
Engrossed in House · EN · 17 June 2010
Passed House amended
summary · EN · 17 June 2010
Reported in House (text)
Reported in House · EN · 27 May 2010
Reported in House (PDF)
Reported in House · EN · 27 May 2010
Reported to House with amendment(s)
summary · EN · 27 May 2010
Introduced in House (text)
Introduced in House · EN · 13 May 2010
Introduced in House (PDF)
Introduced in House · EN · 13 May 2010
Introduced in House
summary · EN · 13 May 2010
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/5297
- Open data entity: https://api.congress.gov/v3/bill/111/hr/5297