Amendment clarifies that the Capital Backstop Program is authorized to start immediately and to operate through 2011, regardless of whether the recession is declared officially over during that time or SBA loan volume drops another 30% in the next year. Amendment also restores such requirements after September 30, 2011.

Purpose:

An amendment numbered 15 printed in Part B of House Report 111-317 to clarify that the Capital Backstop Program (Sec. 111) is authorized to start immediately and to operate through 2011, regardless of whether the recession is declared officially over during that time or SBA loan volume drops another 30% next year. It would restore such requirements after September 30, 2011.

House Amendment Code:

(A015)

House Tally Clerks use this code to manage amendment information.