An amendment numbered 15 printed in Part B of House Report 111-317 to clarify that the Capital Backstop Program (Sec. 111) is authorized to start immediately and to operate through 2011, regardless of whether the recession is declared officially over during that time or SBA loan volume drops another 30% next year. It would restore such requirements after September 30, 2011.

1. Replaces “on a date if” with “on each date during the period beginning on the date of enactment of this paragraph and e…”

   ReplacesPage 20, line 25Printed page

   In H.R. 3854 · Reported in House

   "(D) Loans not sold.--The Administrator shall maintain and service loans made by the Administrator under this paragraph that are not sold through the asset sales under this paragraph.

   Struck: "(E) Effective dates.--This paragraph shall have effect on a date if--

   Inserted: "(E) Effective dates.--This paragraph shall have effect on each date during the period beginning on the date of enactment of this paragraph and ending on September 30, 2011, and on any other date after such period if--

   "(i) such date occurs during a period that--

   Original wording

   Page 20, line 25, strike “on a date if” and insert the following: “on each date during the period beginning on the date of enactment of this paragraph and ending on September 30, 2011, and on any other date after such period if”.

Read automatically from the Congressional Record. Check the original before relying on it.

As printed