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United States · Law · HR

H.R. 5297 (111th)

Small Business Jobs Act of 2010

enactedUnited States· United States Congress· EN

Introduced

13 May 2010

Last action

27 September 2010 · President

Status

Became Public Law No: 111-240.

Sponsors

Rep. Frank, Barney [D-MA-4], Rep. Waters, Maxine [D-CA-43], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Watt, Melvin L. [D-NC-12], Rep. Moore, Dennis [D-KS-3], Rep. Hinojosa, Ruben [D-TX-15], Rep. Meeks, Gregory W. [D-NY-5], Rep. Miller, Brad [D-NC-13], David Scott, Rep. Green, Al [D-TX-9], Rep. Bean, Melissa L. [D-IL-8], Rep. Moore, Gwen [D-WI-4], Rep. Ellison, Keith [D-MN-5], Rep. Klein, Ron [D-FL-22], Rep. Perlmutter, Ed [D-CO-7], Sen. Peters, Gary C. [D-MI], Rep. Maffei, Daniel B. [D-NY-25], Rep. Dahlkemper, Kathleen A. [D-PA-3], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Clarke, Yvette D. [D-NY-9]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

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

  1. 13 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 13 May 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 13 May 2010

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  4. 19 May 2010

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 42 - 23.

    Source: Committee

  5. 19 May 2010

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 27 May 2010

    Calendars

    Placed on the Union Calendar, Calendar No. 283.

    Source: Calendars

  7. 27 May 2010

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 111-499.

    Source: Committee

  8. 27 May 2010

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 111-499.

    Source: Committee

  9. 14 June 2010

    Reported

    Rules Committee Resolution H. Res. 1436 Reported to House. Rule provides for consideration of H.R. 5486 and H.R. 5297 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. Specified amendments are in order. All points of order against consideration of each bill except for clauses 9 and 10 or rule XXI are waived.

    Source: Floor

  10. 15 June 2010

    Passed

    Rule H. Res. 1436 passed House.

    Source: Floor

  11. 16 June 2010

    Floor

    Committee of the Whole House on the state of the Union rises leaving H.R. 5297 as unfinished business.

    Source: Floor

  12. 16 June 2010

    Passed

    On motion to rise Agreed to by voice vote.

    Source: Floor

  13. 16 June 2010

    Floor

    Ms. Bean moved for the Committee of the Whole to rise.

    Source: Floor

  14. 16 June 2010

    Passed

    Ms. Bean asked unanimous consent that the instruction in the amendment printed in part B of House Report 111-506 relating to page 11, line8, be considered to refer to section 4(d)(2)(A) of the matter proposed to be inserted by the amendment printed in part A of such report, as amended by the amendment in part B of such report. Agreed to without objection.

    Source: Floor

  15. 16 June 2010

    Floor

    The Speaker designated the Honorable Ed Pastor to act as Chairman of the Committee.

    Source: Floor

  16. 16 June 2010

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1436 and Rule XVIII.

    Source: Floor

  17. 16 June 2010

    Reported

    Considered under the provisions of rule H. Res. 1436. (consideration: CR H4513-4542; text of measure as reported in House: CR H4520-4529)

    Source: Floor

  18. 17 June 2010

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  19. 17 June 2010

    Vote

    On passage Passed by recorded vote: 241 - 182 (Roll no. 375).

    Source: Floor

  20. 17 June 2010

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 241 - 182 (Roll no. 375).

    Source: Floor

  21. 17 June 2010

    Vote

    On motion to recommit with instructions Failed by recorded vote: 180 - 237 (Roll no. 374).

    Source: Floor

  22. 17 June 2010

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H4617)

    Source: Floor

  23. 17 June 2010

    Floor

    DEBATE - Pursuant to the provisions of H.Res. 1448, the Committee of the Whole House proceeded with 10 minutes of debate on the Schrader amendment.

    Source: Floor

  24. 17 June 2010

    Floor

    Mr. Neugebauer moved to recommit with instructions to Financial Services. (consideration: CR H4616; text: CR H4616)

    Source: Floor

  25. 17 June 2010

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

  26. 17 June 2010

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 5297.

    Source: Floor

  27. 17 June 2010

    Floor

    The House resolved into Committee of the Whole House on the state of the Union for further consideration.

    Source: Floor

  28. 17 June 2010

    Floor

    Considered as unfinished business. (consideration: CR H4610-4618)

    Source: Floor

  29. 18 June 2010

    Calendars

    Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

    Source: Calendars

  30. 21 June 2010

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 435.

    Source: Calendars

  31. 24 June 2010

    Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S5430)

    Source: Floor

  32. 25 June 2010

    Floor

    Motion to proceed to measure considered in Senate. (consideration: CR S5461)

    Source: Floor

  33. 29 June 2010

    Floor

    Motion to proceed to measure considered in Senate. (consideration: CR S5511-5514)

    Source: Floor

  34. 19 July 2010

    Floor

    Considered by Senate. (consideration: CR S5980-5988)

    Source: Floor

  35. 21 July 2010

    Floor

    Considered by Senate. (consideration: CR S6072-6073)

    Source: Floor

  36. 22 July 2010

    Floor

    Considered by Senate. (consideration: CR S6148-6190)

    Source: Floor

  37. 27 July 2010

    Floor

    Considered by Senate. (consideration: CR S6285-6286, S6292-6294)

    Source: Floor

  38. 28 July 2010

    Floor

    Considered by Senate. (consideration: CR S6351-6352, S6354-6356, S6359-6365, S6373-6376, S6381-6383, S6384-6386, S8387-8388)

    Source: Floor

  39. 29 July 2010

    Floor

    Considered by Senate. (consideration: CR S6460-6476, S6486, S6494-6498)

    Source: Floor

  40. 5 August 2010

    Floor

    Considered by Senate. (consideration: CR S6972-6974)

    Source: Floor

  41. 14 September 2010

    Floor

    Considered by Senate. (consideration: CR S7052-7065, S7065-7079)

    Source: Floor

  42. 15 September 2010

    Floor

    Considered by Senate. (consideration: CR S7103-7119, S7119-7126)

    Source: Floor

  43. 16 September 2010

    Floor

    Considered by Senate. (consideration: CR S7144-7158)

    Source: Floor

  44. 16 September 2010

    Vote

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 61 - 38. Record Vote Number: 237.

    Source: Floor

  45. 23 September 2010

    Floor

    Presented to President.

    Source: Floor

  46. 23 September 2010

    President

    Presented to President.

    Source: President

  47. 23 September 2010

    Action

    Cleared for White House.

  48. 23 September 2010

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: ResolvingDifferences

  49. 23 September 2010

    Vote

    On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 237 - 187 (Roll no. 539). (text as House agreed to Senate amendment: CR H6905-6930)

    Source: ResolvingDifferences

  50. 23 September 2010

    Vote

    Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 237 - 187 (Roll no. 539).(text as House agreed to Senate amendment: CR H6905-6930)

    Source: NotUsed

  51. 23 September 2010

    ResolvingDifferences

    The previous question was ordered pursuant to the rule. (consideration: CR H6938)

    Source: ResolvingDifferences

  52. 23 September 2010

    Floor

    DEBATE - Pursuant to the provisions of H.Res. 1640, the House proceeded with one hour of debate on the motion to concur in the Senate amendment to the bill H.R. 5297.

    Source: Floor

  53. 23 September 2010

    ResolvingDifferences

    Ms. Bean moved that the House agree to the Senate amendment. (consideration: CR H6905-6939)

    Source: ResolvingDifferences

  54. 27 September 2010

    Became law

    Became Public Law No: 111-240.

    Source: President

  55. 27 September 2010

    Became law

    Signed by President.

    Source: BecameLaw

  56. 27 September 2010

    President

    Signed by President.

    Source: President

Votes

16 September 2010 · Bill Passed · On Passage of the Bill H.R. 5297 · Bill Passed · Official source

Yes 61 · No 38 · Abstain — · Absent/not voting 1

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Documents

18 official files

Enrolled Bill (text)

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  • Enrolled Bill (text)

    Enrolled Bill · EN

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN

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  • Public Law (text)

    Public Law · EN · 27 September 2010

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  • Public Law (PDF)

    Public Law · EN · 27 September 2010

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  • Public Law

    summary · EN · 27 September 2010

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  • Engrossed Amendment Senate (text)

    Engrossed Amendment Senate · EN · 16 September 2010

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  • Engrossed Amendment Senate (PDF)

    Engrossed Amendment Senate · EN · 16 September 2010

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 21 June 2010

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 21 June 2010

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  • Engrossed in House (text)

    Engrossed in House · EN · 17 June 2010

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 17 June 2010

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  • Passed House amended

    summary · EN · 17 June 2010

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  • Reported in House (text)

    Reported in House · EN · 27 May 2010

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  • Reported in House (PDF)

    Reported in House · EN · 27 May 2010

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  • Reported to House with amendment(s)

    summary · EN · 27 May 2010

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  • Introduced in House (text)

    Introduced in House · EN · 13 May 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 13 May 2010

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  • Introduced in House

    summary · EN · 13 May 2010

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