An amendment numbered 14 printed in Part B of House Report 111-317 to require individuals directly engaged in loan application analysis and/or underwriting under the new Capital Backstop Program (Sec. 111) to have at least two years worth of experience in those activities.
What it does: Inserts “The Administrator shall ensure that each individual in such group with loan application e…” on page 22, line 5
Rep. Candice S. Miller (R-MI)Description
Amendment ensures that individuals who are evaluating businesses have both the authority and the expertise to make the best decisions for the taxpayer.
What it changes
1 change to H.R. 3854
Inserts “The Administrator shall ensure that each individual in such group with loan application e…” on page 22, line 5
InsertsPrinted pageInserted: The Administrator shall ensure that each individual in such group with loan application evaluation and underwriting responsibilities has at least 2 years experience with respect to such responsibilities.
Original wording
Page 22, line 5, add at the end the following: “The Administrator shall ensure that each individual in such group with loan application evaluation and underwriting responsibilities has at least 2 years experience with respect to such responsibilities.”.
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 22, line 5, add at the end the following: “The Administrator shall ensure that each individual in such group with loan application evaluation and underwriting responsibilities has at least 2 years experience with respect to such responsibilities.”.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
House amendment offered
October 29, 2009
View full timeline
House amendment offered
October 29, 2009
House amendment offered/reported by : Amendment (A014) offered by Mrs. Miller (MI).(consideration: CR H12110-12111; text: CR H12110)
October 29, 2009 • 4:30 PM
Amendment agreed to Committee of the Whole
October 29, 2009 • 4:33 PM
House amendment agreed to: On agreeing to the Miller (MI) amendment (A014) Agreed to by voice vote.
October 29, 2009 • 4:33 PM
Amendment (A014) offered by Mrs. Miller (MI). (consideration: CR H12110-12111; text: CR H12110)
October 29, 2009 • 4:30 PM
On agreeing to the Miller (MI) amendment (A014) Agreed to by voice vote.
October 29, 2009 • 4:33 PM