An amendment numbered 2 printed in Part B of House Report 111-317 to require the SBA Administrator to pay the claim of a lender who demonstrates it followed the applicable requirements of the National Lender Training Program (Sec. 106), unless the SBA has clear and convincing evidence demonstrating that the lender failed to comply with regulatory requirements.
What it does: Inserts new text on page 12, line 18
Rep. Aaron Schock (R-IL)Description
Amendment requires the SBA Administrator to pay the claim of a lender who demonstrates it followed the applicable requirements of the National Lender Training Program (Sec. 106), unless the SBA has clear and convincing evidence demonstrating that the lender failed to comply with regulatory requirements.
What it changes
1 change to H.R. 3854
We couldn't read part of this amendment. That part is shown as written below.
Inserts new text on page 12, line 18
InsertsPrinted pageInserted: (C) If the lender demonstrates, with respect to a claim for payment described in subparagraph (A), that it followed the applicable requirements of the National Lender Training Program as established under paragraph (37) of this section, the Administrator shall pay the claim unless the Administrator has clear and convincing evidence demonstrating that the lender failed to comply with regulatory requirements established by the Administrator.
Original wording
Page 12, after line 18, insert:
Shown as written
Page 12, line 18, strike the closing quotation marks and period.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 12, line 18, strike the closing quotation marks and period.
Page 12, after line 18, insert:
“(C) If the lender demonstrates, with respect to a claim for payment described in subparagraph (A), that it followed the applicable requirements of the National Lender Training Program as established under paragraph (37) of this section, the Administrator shall pay the claim unless the Administrator has clear and convincing evidence demonstrating that the lender failed to comply with regulatory requirements established by the Administrator.”.
Legislative Activity
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House amendment offered
October 29, 2009
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House amendment offered
October 29, 2009
Amendment agreed to Committee of the Whole
October 29, 2009 • 3:19 PM
House amendment agreed to: On agreeing to the Schock amendment (A002) Agreed to by voice vote.
October 29, 2009 • 3:19 PM
House amendment offered/reported by : Amendment (A002) offered by Mr. Schock.(consideration: CR H12100-12101; text: CR H12101)
October 29, 2009 • 3:13 PM
Amendment (A002) offered by Mr. Schock. (consideration: CR H12100-12101; text: CR H12101)
October 29, 2009 • 3:13 PM
On agreeing to the Schock amendment (A002) Agreed to by voice vote.
October 29, 2009 • 3:19 PM