Small Business Asset Investment and Modernization (AIM) Act of 2010
Latest action · May 26, 2010 Referred to the House Committee on Small Business.
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.
- IntroducedMay 26, 2010
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Small Business Asset Investment and Modernization (AIM) Act of 2010 - Amends the Small Business Investment Act of 1958 concerning the 504 program (Small Business Administration [SBA] financings to small businesses through certified development companies) to increase maximum program loan amounts.
Authorizes the Administrator of the SBA, from the date of enactment of this Act through FY2012, to approve under such program the refinancing of indebtedness that is secured by a lien on commercial real estate or equipment of a small business, under specified terms and conditions. Limits to $7.5 billion the total amount of such financing in a fiscal year. Authorizes the Administrator, in order to carry out such program, to make personnel appointments of at least one year and not more than six years. Allows the Administrator to eliminate the pension offset for the reemployment of retired federal employees for such purposes.
Cosponsors 24
Members who signed on, in the order they did. Signatures ran from May 26, 2010 to Jul 22, 2010; 16 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IN | Baron P. Hill | Original | May 26, 2010 |
| D-CO | Betsy Markey | Original | May 26, 2010 |
| D-AL | Bobby Bright | Original | May 26, 2010 |
| D-IN | Brad Ellsworth | Original | May 26, 2010 |
| D-IL | Daniel Lipinski | Original | May 26, 2010 |
| D-IL | Deborah L. Halvorson | Original | May 26, 2010 |
| D-KS | Dennis Moore | Original | May 26, 2010 |
| D-MI | Gary C. Peters | Original | May 26, 2010 |
| D-CO | Jared Polis | Original | May 26, 2010 |
| D-TN | Jim Cooper | Original | May 26, 2010 |
| D-PA | Kathleen A. Dahlkemper | Original | May 26, 2010 |
| D-ME | Michael H. Michaud | Original | May 26, 2010 |
| D-IL | Mike Quigley | Original | May 26, 2010 |
| D-VT | Peter Welch | Original | May 26, 2010 |
| D-FL | Ron Klein | Original | May 26, 2010 |
| D-NY | Scott Murphy | Original | May 26, 2010 |
| D-IA | David Loebsack | Jun 8, 2010 | |
| D-PA | Tim Holden | Jun 8, 2010 | |
| D-NH | Paul W. Hodes | Jun 9, 2010 | |
| R-FL | Ginny Brown-Waite | Jun 10, 2010 | |
| D-CA | Bob Filner | Jun 22, 2010 | |
| D-CA | Linda T. Sánchez | Jun 22, 2010 | |
| D-CT | James A. Himes | Jun 24, 2010 | |
| D-MO | Russ Carnahan | Jul 22, 2010 |
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 May 26, 2010 |
Actions 3
Everything that happened, newest first.
- May 26, 2010Introduced in House
- May 26, 2010Sponsor introductory remarks on measure. (CR H3842-3843)
- May 26, 2010Referred to the House Committee on Small Business.
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 | Debate and remarks H3842 | Melissa L. Bean D-IL | May 26, 2010 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Small Business Investment Act of 1958 to increase maximum loan amounts under the program in title V of that Act, to provide temporary authority for debt refinancing of commercial real estate, and for other purposes.
- Short Titles as Introduced
- Small Business Asset Investment and Modernization (AIM) Act of 2010
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- May 26, 2010Introduced in House
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.
