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HR 4598
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Express Loans Improvements Act of 2010

To amend the Small Business Act to improve the Express Loan Program, and for other purposes.

Introduced Feb 4, 2010

Latest action (Feb 4, 2010) Referred to the Subcommittee on Finance and Tax.

Referred to
Small Business Committee Finance and Tax
Policy area
Commerce
Issues
Economy & Taxes
Legislative subjects (5)
Administrative law and regulatory proceduresCongressional oversightGovernment lending and loan guaranteesSmall businessSmall Business Administration

Summary

This bill improves the Small Business Administration's Express Loan Program by temporarily increasing the federal guarantee on these loans from 50 percent to 75 percent for two years, after which it becomes a permanent 60 percent guarantee. The maximum loan amount available under the program is increased from $350,000 to $1,000,000. The bill requires the SBA to issue regulations within 180 days establishing requirements for loan eligibility, lender eligibility, and collateral to minimize federal losses, and to submit annual reports to Congress on program implementation and efforts to reduce default rates.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
60 cosponsors

Actions (3)
  1. Feb 4, 2010 Referred to the Subcommittee on Finance and Tax. · house
  2. Feb 4, 2010 Referred to the House Committee on Small Business. · house
  3. Feb 4, 2010 Introduced in House

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 5166 — Financial Services and General Government Appropriations Act, 2026 (shares 5 subjects)
  • HR 191 — Inflation Reduction Act of 2025 (shares 5 subjects)
  • S 2232 — Expanding the Surety Bond Program Act of 2025 (shares 4 subjects)
  • HR 7006 — Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 4 subjects)
  • HR 421 — Small Business Regulatory Flexibility Improvements Act (shares 4 subjects)
  • HR 2966 — American Entrepreneurs First Act of 2025 (shares 4 subjects)
  • HR 8933 — Small Business Regulatory Flexibility Improvements Act (shares 4 subjects)
  • HR 9770 — Continuing Appropriations Act, 2027 (shares 3 subjects)

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 4818 — Small Business Reform Act of 2010 · Introduced Mar 24, 2010 · Cong. 111 72%
  • HR 4153 — Supporting Trade and Rebuilding Opportunity for National Growth Act · Introduced Jun 26, 2025 · Cong. 119 69%
  • HR 4929 — Expanding Opportunities for Main Street Act of 2010 · Introduced Mar 24, 2010 · Cong. 111 65%
  • HR 4842 — SBIR Commercialization Improvement Act · Introduced Aug 1, 2025 · Cong. 119 65%
  • HR 822 — POST IT Act of 2025 · Introduced Jan 28, 2025 · Cong. 119 64%
  • HR 4735 — Business of Insurance Regulatory Reform Act of 2025 · Introduced Jul 23, 2025 · Cong. 119 64%

Full text

IN THE HOUSE OF REPRESENTATIVES

February 4, 2010

Mrs. Dahlkemper (for herself, Ms. Bean, Mr. Pomeroy, Mr. Welch, Mr. Altmire, Ms. Kosmas, Mr. Ryan of Ohio, Mr. Schrader, Mr. Bright, Ms. Schwartz, Mr. Driehaus, Mr. Peters, Ms. Richardson, Mr. Klein of Florida, Ms. Wasserman Schultz, Mr. Grayson, Mr. McMahon, Mr. Donnelly of Indiana, and Mr. Shuster) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to improve the Express Loan Program, and for other purposes.

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 “Express Loans Improvements Act of 2010”.

SEC. 2. IMPROVEMENT OF EXPRESS LOAN PROGRAM.

(a) Guaranty Rate.—

(1) Temporary increase.—

(A) In general.—Section 7(a)(31)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(31)(A)(iii)) is amended by striking “50 percent” and inserting “75 percent”.

(B) Effective dates.—The amendment under subparagraph (A) shall take effect on the date of enactment of this Act and shall cease to have effect on the date that is 2 years after such date.

(2) Permanent increase.—

(A) In general.—The percentage specified in section 7(a)(31)(A)(iii) of the Small Business Act (15 U.S.C. 636(a)(31)(A)(iii)) is amended to read “60 percent”.

(B) Effective date.—The amendment under subparagraph (A) shall take effect on the date that is 2 years after the date of enactment of this Act.

(b) Maximum Loan Amount.—Section 7(a)(31)(D) of the Small Business Act (15 U.S.C. 636(a)(31)(D)) is amended by striking “$350,000” and inserting “$1,000,000”.

(c) Regulations.—Not later than 180 days after the date of enactment of this Act, the Administrator of the Small Business Administration shall issue regulations with respect to the loan eligibility, lender eligibility, and collateral requirements (including lien protection for lenders) of the Express Loan Program under section 7(a)(31) of the Small Business Act (15 U.S.C. 636(a)(31)) that minimize, with respect to the Federal Government, the risk of loss associated with such Program.

(d) Reports.—Not later than one year after the date of enactment of this Act and annually thereafter, the Administrator of the Small Business Administration shall submit to the Committee on Small Business of the House of Representatives and the Committee on Small Business and Entrepreneurship of the Senate a report describing the implementation of the Express Loan Program under section 7(a)(31) of the Small Business Act (15 U.S.C. 636(a)(31)), including actions taken to reduce default rates with respect to such Program. <all>

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