An amendment numbered 4 printed in part C of House Report 111-506 to make non-owner occupied commercial real estate loans eligible for the program.
What it does: Inserts new text on page 11, line 3Description
Amendment, as modified, makes nonowner-occupied commercial real estate loans eligible for the program.
Inserts new text on page 11, line 3
InsertsPrinted pageInserted: (F) Election to include other nonfarm, nonresidential real estate loans in amount of small business lending.--At the time that an applicant submits an application to the Secretary for a capital investment under the Program, the applicant may notify the Secretary that it elects to have included in the determination of the amount of its small business lending, for purposes of the computations made under paragraph (4), the amount of lending reported as other nonfarm, nonresidential real estate loans in its quarterly call report, but for purposes of this subparagraph, other nonfarm, nonresidential real estate loans shall not include a loan having an original amount greater than $10,000,000. If an applicant makes the election under this subparagraph, the amount of lending reported as other nonfarm, nonresidential real estate loans shall be included in the determination of the amount of its small business lending for purposes of the computations made under paragraph (4).
Original wording
Page 11, after line 3, insert the following new subparagraph:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 11, after line 3, insert the following new subparagraph:
(F) Election to include other nonfarm, nonresidential real estate loans in amount of small business lending.--At the time that an applicant submits an application to the Secretary for a capital investment under the Program, the applicant may notify the Secretary that it elects to have included in the determination of the amount of its small business lending, for purposes of the computations made under paragraph (4), the amount of lending reported as other nonfarm, nonresidential real estate loans in its quarterly call report, but for purposes of this subparagraph, other nonfarm, nonresidential real estate loans shall not include a loan having an original amount greater than $10,000,000. If an applicant makes the election under this subparagraph, the amount of lending reported as other nonfarm, nonresidential real estate loans shall be included in the determination of the amount of its small business lending for purposes of the computations made under paragraph (4).
Legislative Activity
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House amendment offered
June 16, 2010
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House amendment offered
June 16, 2010
Amendment agreed to Committee of the Whole
June 16, 2010 • 11:49 AM
House amendment agreed to: On agreeing to the Minnick amendment (A003) as modified Agreed to by voice vote.(text as modified: CR H4531)
June 16, 2010 • 11:49 AM
House amendment offered/reported by : Amendment (A003) offered by Mr. Minnick.(consideration: CR H4531; text: CR H4531)
June 16, 2010 • 11:44 AM
Amendment (A003) offered by Mr. Minnick. (consideration: CR H4531; text: CR H4531)
June 16, 2010 • 11:44 AM
Minnick amendment (A003) modified by unanimous consent.
June 16, 2010 • 11:45 AM
On agreeing to the Minnick amendment (A003) as modified Agreed to by voice vote. (text as modified: CR H4531)
June 16, 2010 • 11:49 AM