Political Quotes

On the recordMarch 30, 2011
Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 681 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Greater Accountability in the Lending Fund Act of 2011''. SEC. 2. REPAYMENT DEADLINE UNDER THE SMALL BUSINESS LENDING FUND PROGRAM. (a) In General.--Section 4103(d)(5)(H) of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) is amended-- (1) in clause (i)-- (A) in subclause (I), by striking ``; or'' and inserting a period; (B) by striking subclause (II); and (C) by striking ``will--'' and all that follows through ``be repaid'' and inserting ``will be repaid''; (2) by striking clause (ii); and (3) by striking ``that--'' and all that follows through ``includes,'' and inserting ``that includes,''. (b) Effective Date; Applicability; Savings Clause.-- (1) Effective date; applicability.--The amendments made by this section shall-- (A) take effect on the date of enactment of this Act; and (B) apply to any investment made by the Secretary of the Treasury under the Small Business Lending Fund Program established under section 4103(a)(2) of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) (in this subsection referred to as the ``Program'') on or after the date of enactment of this Act.…
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Olympia Snowe
Republican · Maine

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