Summary: H.R.5249 — 111th Congress (2009-2010)All Information (Except Text)

There is one summary for H.R.5249. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/06/2010)

Capital Access for Main Street Act of 2010 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate; or (2) other real estate owned.