Amendment increases the maximum amount of stabilization loans in high unemployment areas to $75,000; delays repayment of stabilization loans in high unemployment areas for up to 18 months for new loans made after enactment of the bill and gives the SBA administrator authority to designate high unemployment areas as eligible for operating assistance grants under the new market venture capital program.

Purpose:

An amendment numbered 13 printed in Part B of House Report 111-317 to increase the maximum amount of stabilization loans in high unemployment areas to $75,000 and delays repayment of stabilization loans in high unemployment areas to 18 months for new loans made after enactment of this act. It would give the SBA administrator ability to designate high unemployment areas as eligible for operating assistance grants under the new market venture capital program.

House Amendment Code:

(A013)

House Tally Clerks use this code to manage amendment information.