CREATE Growth and Jobs Act
Latest action · Dec 9, 2009 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedDec 9, 2009
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Credit Retains Employees And Triggers Economic Growth and Jobs Act of 2009 or the CREATE Growth and Jobs Act - Authorizes the Administrator of the Small Business Administration (SBA) to make a loan of up to $1.5 million for operation, acquisition, or expansion of an eligible small business concern that is fiscally sound and creditworthy but is not able to obtain credit elsewhere.
Sets forth maximum loan terms and conditions. Limits the total of such loans in any fiscal year to $10 billion.
Makes certain funds under the Troubled Asset Relief Program (TARP) of the Emergency Economic Stabilization Act of 2008 (EESA) available to implement this Act.
Cosponsors
Members who signed on, in the order they did.
Actions 2
Everything that happened, newest first.
- Dec 9, 2009Introduced in Senate
- Dec 9, 2009Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 1
Each version as it was printed, newest first.
- Dec 9, 2009Introduced 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.