I
112th CONGRESS
2d Session
H. R. 5851
IN THE HOUSE OF REPRESENTATIVES
May 18, 2012
Mr. Tierney (for himself, Mr. Carnahan, Mr. Cicilline, Mr. Doggett, Mr. Larsen of Washington, Mr. Markey, Mr. McGovern, Ms. Norton, Mr. Olver, Mr. Rangel, Mr. Sarbanes, Ms. Schakowsky, and Mr. Tonko) introduced the following bill; which was referred to the Committee on Small Business
A BILL
To increase small business lending, and for other purposes.
Short title
This Act may be cited as the
Increasing Small Business Lending Act
of 2012
.
Fee reductions and loan guarantees
Fee reductions
Section 501 of
the American Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat.
151) is amended by striking March 4, 2011
each place it appears
and inserting the date that is 1 year after the date of enactment of the
Increasing Small Business Lending Act of
2012
.
Loan guarantees
Section 502(f) of division A of the American Recovery
and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 153) is amended by
striking March 4, 2011
and inserting the date that is 1
year after the date of enactment of the Increasing Small Business Lending Act of
2012
.
Authorization of appropriations
There are authorized to be appropriated to the Administrator of the Small Business Administration such sums as may be necessary to carry out sections 501 and 502 of the American Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 151), as amended by this subsection.