An amendment numbered 7 printed in part C of House Report 111-506 to improve disclosures by eligible institutions receiving funding under the program.
What it does: Inserts new text on page 19, line 4Description
Amendment improves disclosures by eligible institutions receiving funding under the program.
What it changes
1 change to H.R. 5297
Inserts new text on page 19, line 4
InsertsPrinted pageInserted: (e) Notification to Customers.--Any eligible institution receiving funds under the Program shall--
Inserted: (1) disclose on every applicable loan transaction that the loan is being made possible by the Program; and
Inserted: (2) if such institution has an established internet website, such institution shall make available on its internet website--
Inserted: (A) the written reports made by the Secretary pursuant to paragraphs (1) and (2) of section 7; and
Inserted: (B) a statement that the institution, as a participant in the Program, is seeking to make small business loans to qualified borrowers and may not discriminate on the basis of any factor prohibited under the Equal Credit Opportunity Act, including the race, color, religion, national origin, sex, marital status, or age.
Original wording
Page 19, after line 4, insert the following new subsection:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 19, after line 4, insert the following new subsection:
(e) Notification to Customers.--Any eligible institution receiving funds under the Program shall--
(1) disclose on every applicable loan transaction that the loan is being made possible by the Program; and
(2) if such institution has an established internet website, such institution shall make available on its internet website--
(A) the written reports made by the Secretary pursuant to paragraphs (1) and (2) of section 7; and
(B) a statement that the institution, as a participant in the Program, is seeking to make small business loans to qualified borrowers and may not discriminate on the basis of any factor prohibited under the Equal Credit Opportunity Act, including the race, color, religion, national origin, sex, marital status, or age.
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 • 12:15 PM
House amendment agreed to: On agreeing to the Green, Al amendment (A006) Agreed to by voice vote.
June 16, 2010 • 12:15 PM
House amendment offered/reported by : Amendment (A006) offered by Mr. Green, Al.(consideration: CR H4533-4535; text: CR H4534)
June 16, 2010 • 12:04 PM
Amendment (A006) offered by Mr. Green, Al. (consideration: CR H4533-4535; text: CR H4534)
June 16, 2010 • 12:04 PM
On agreeing to the Green, Al amendment (A006) Agreed to by voice vote.
June 16, 2010 • 12:15 PM