An amendment numbered 3 printed in House Report 110-108 to allow rural small business owners, who do not have a rural lender in their area, to receive the benefits of the Rural Lending Outreach Program through loans issued by any lender enrolled in the 7(a) loan program.
What it does: Replaces the period on page 5, line 2 with “or, in the case of a small business concern located in a rural area that does not have a…”
Rep. Henry Cuellar (D-TX)Description
Amendment provides that a rural small business owner who is not within 30 miles of a rural lender can take advantage of the rural lending outreach program through any lender in the SBA 7(a) loan program.
What it changes
1 change to H.R. 1332
Replaces the period on page 5, line 2 with “or, in the case of a small business concern located in a rural area that does not have a…”
ReplacesPrinted page…
[struck: .][inserted: or, in the case of a small business concern located in a rural area that does not have a lender located within 30 miles of the principal place of business, through any lender that is enrolled in, and administers, the 7(a) loan program that the small business concern chooses.]Original wording
Page 5, line 2, strike the period and insert the following: “or, in the case of a small business concern located in a rural area that does not have a lender located within 30 miles of the principal place of business, through any lender that is enrolled in, and administers, the 7(a) loan program that the small business concern chooses.”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 5, line 2, strike the period and insert the following: “or, in the case of a small business concern located in a rural area that does not have a lender located within 30 miles of the principal place of business, through any lender that is enrolled in, and administers, the 7(a) loan program that the small business concern chooses.”.
Legislative Activity
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House amendment offered
April 25, 2007
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House amendment offered
April 25, 2007
House amendment agreed to: On agreeing to the Cuellar amendment (A003) Agreed to by voice vote.
April 25, 2007 • 5:18 PM
Amendment agreed to Committee of the Whole
April 25, 2007 • 5:18 PM
House amendment offered/reported by : Amendment (A003) offered by Mr. Cuellar.(consideration: CR H4116-4117; text: CR H4116)
April 25, 2007 • 5:13 PM
Amendment (A003) offered by Mr. Cuellar. (consideration: CR H4116-4117; text: CR H4116)
April 25, 2007 • 5:13 PM
On agreeing to the Cuellar amendment (A003) Agreed to by voice vote.
April 25, 2007 • 5:18 PM