H.R. 5551 · 111th Congress
To require the Secretary of the Treasury to make a certification when making purchases under the Small Business Lending Fund Program.
- Stage
- Passed a chamber
- Sponsor
- Suzanne Kosmas
- Introduced
- 2010-06-17
- Latest action
- 2010-06-25 · Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 443.
Summary
Requires the Secretary of the Treasury, before making a first purchase (including a commitment to purchase) under the Small Business Lending Fund Program under the Small Business Jobs and Credit Act of 2010, to certify under oath to the Inspector General of the Department of the Treasury that the purchase-decision process has been designed so that each purchase decision is made solely on the basis of economic fundamentals and not because of any political considerations.