To permit the use of previously appropriated funds to extend the Small Business Loan Guarantee Program, and for other purposes.
Latest action · Mar 26, 2010 Became Public Law No: 111-150.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 25, 2010
- Passed HouseMar 25, 2010
- Passed SenateMar 25, 2010
- To the PresidentMar 26, 2010
- Became lawMar 26, 2010Public Law 111-150
Summary
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Makes up to $40 million of funds appropriated for the business loan program of the Small Business Administration (SBA) under the Consolidated Appropriations Act, 2010 available for small business loan fee reductions and eliminations and the cost of guaranteed loans authorized under the American Recovery and Reinvestment Act of 2009 (ARRA).
Amends ARRA to extend from March 28, 2010, through April 30, 2010, the authority of the SBA to guarantee up to 90% of qualifying small business loans made by eligible lenders under the Small Business Act or the Small Business Investment Act of 1958.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Mar 25, 2010 |
Actions 13
Everything that happened, newest first.
- Mar 26, 2010Presented to President.
- Mar 26, 2010Signed by President.
- Mar 26, 2010Became Public Law No: 111-150.
- Mar 25, 2010Introduced in House
- Mar 25, 2010Referred to the House Committee on Small Business.
- Mar 25, 2010Mr. Serrano moved to suspend the rules and pass the bill.
- Mar 25, 2010Considered under suspension of the rules. (consideration: CR H2414-2416)
- Mar 25, 2010DEBATE - The House proceeded with forty minutes of debate on H.R. 4938.
- Mar 25, 2010Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H2414-2415)
- Mar 25, 2010Motion to reconsider laid on the table Agreed to without objection.
- Mar 25, 2010Passed/agreed to in Senate: Received in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S2105)
- Mar 25, 2010Message on Senate action sent to the House.
- Mar 25, 2010Cleared for White House.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House · Senate | Debate and remarks H2414–H2416, S2105Text printed H2414 | Jo Ann Emerson R-MO, Jose E. Serrano D-NY, Laura Richardson D-CA, Richard J. Durbin D-IL | Mar 25, 2010 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 5
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 5
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R43846 | Small Business Administration (SBA) Funding: Overview and Recent Trends | Report | Mar 12, 2026 |
| R46284 | COVID-19 Relief Assistance to Small Businesses: Issues and Policy Options | Report | Mar 1, 2023 |
| R40985 | Small Business: Access to Capital and Job Creation Archived | Report | Jul 14, 2022 |
| R41184 | Small Business Administration 504/CDC Loan Guaranty Program | Report | Jun 16, 2022 |
| R42045 | The Small Business Lending Fund Archived | Report | May 5, 2021 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To permit the use of previously appropriated funds to extend the Small Business Loan Guarantee Program, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 3
Each version as it was printed, newest first.
- —Enrolled Bill
- Mar 25, 2010Engrossed in House
- Mar 25, 2010Received in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
