Introduced
by
To revise the “loan enhancement program” of the “21st Century Jobs Fund,” which is intended to provide loan guarantees for small businesses. The bill would allow money earmarked for this purpose to provide subsidized below-market rate loans of as low as 1 percent to businesses selected by another arm of this government business subsidy program. The minimum loan amount would be $500,000.
Referred to the Committee on New Economy and Quality of Life
