House Small Business Committee Proposes "Small Business Financing and Investment Act of 2009" (H.R. 3854)

The House of Representatives Small Business Committee has proposed H.R. 3854, the “Small Business Financing and Investment Act of 2009.” H.R. 3854 was sponsored by Representatives Schrader (D-OR), Velazquez (D-NY), Halvorson (D-IL), and Kirkpatrick (D-AZ) and creates, modifies and/or enhances more than a dozen programs and initiatives designed to stimulate the growth of U.S. small businesses.

The following programs would be created, modified or enhanced under the Small Business Financing and Investment Act of 2009:

1. Small Lender Outreach Program;
2. Rural Lending Outreach Program;
3. Military Reservist and Veteran Small Business Program;
4. Capital Backstop Program;
5. CDC Economic Development Loan Program;
6. Microloan Credit Building Initiative;
7. Small Business Investment Company Modernization (SBIC Program);
8. New Markets Venture Capital Program;
9. Renewable Energy Capital Investment Program;
10. Small Business Health Information Technology Financing Program;
11. Small Business Early-Stage Investment Program; and
12. Small Business Disaster Loan Program.