To require the Secretary of the Treasury to make a certification when making purchases under the Small Business Lending Fund Program.

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.

[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5551 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 5551

 To require the Secretary of the Treasury to make a certification when 
    making purchases under the Small Business Lending Fund Program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 17, 2010

  Ms. Kosmas (for herself and Mr. Driehaus) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To require the Secretary of the Treasury to make a certification when 
    making purchases under the Small Business Lending Fund Program.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CERTIFICATION UNDER THE SMALL BUSINESS LENDING FUND PROGRAM.

    Each time the Secretary of the Treasury makes a purchase (including 
a commitment to purchase) or a modification of a purchase under the 
Small Business Lending Fund Program established under the Small 
Business Jobs and Credit Act of 2010, the Secretary shall certify, 
under oath, to the Inspector General of the Department of the Treasury, 
with a copy to the Comptroller General of the United States, that the 
Secretary of the Treasury is acting solely on the basis of economic 
fundamentals and not because of any political considerations.
                                 <all>