I 
111TH CONGRESS 
1ST SESSION H. R. 2281 
To establish a temporary program in the Small Business Administration 
to assist small business concerns by decreasing interest payments for 
certain loans, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 6, 2009 
Mr. KAGEN (for himself and Mr. EDWARDS of Texas) introduced the following 
bill; which was referred to the Committee on Small Business, and in addi-
tion to the Committee on Financial Services, for a period to be subse-
quently determined by the Speaker, in each case for consideration of such 
provisions as fall within the jurisdiction of the committee concerned 
A BILL 
To establish a temporary program in the Small Business 
Administration to assist small business concerns by de-
creasing interest payments for certain loans, and for 
other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Small Business Oppor-
tunity Act of 2009’’. 
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SEC. 2. INTEREST PAYMENT ASSISTANCE FOR SMALL BUSI-
NESS CONCERNS WITH ELIGIBLE LOANS. 
(a) IN GENERAL.—To the extent of the funding made 
available under subsection (g), the Administrator of the 
Small Business Administration shall establish and imple-
ment a program under which the Administrator shall 
make, for each eligible loan of a small business concern— 
(1) 100 percent of the payment of interest due 
each billing cycle with respect to such loan, during 
the period beginning on the effective date of this Act 
and ending at the conclusion of the first full fiscal 
year following such date; 
(2) 75 percent of the payment of interest due 
each billing cycle with respect to such loan, during 
the second full fiscal year following such date; and 
(3) 50 percent of the payment of interest due 
each billing cycle with respect to such loan, during 
the third full fiscal year following such date. 
(b) TERMINATION OF PROGRAM.—The authority of 
the Administrator to make payments under subsection (a) 
terminates at the conclusion of the third full fiscal year 
following the effective date of this Act. 
(c) PAYMENTS MADE TO LENDER.—The Adminis-
trator shall make the payments under subsection (a) di-
rectly to the financial institution to which such payments 
are due. 
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(d) NO FORCED REIMBURSEMENT.—The Adminis-
trator may not require a small business concern to reim-
burse a payment appropriately made for such concern 
under subsection (a). 
(e) INTEREST RATES DURING PROGRAM.—If the in-
terest rate for an eligible loan is negotiated subject to a 
maximum allowable rate imposed by the Small Business 
Administration, the financial institution making such loan 
may treat the interest rate of such loan as the maximum 
allowable rate during the period that the Administrator 
makes payments under subsection (a) with respect to such 
loan. On the date that the Administrator makes the final 
payment under subsection (a) with respect to such loan, 
the interest rate of such loan shall return to the rate origi-
nally negotiated. 
(f) DEFINITIONS.—In this section, the following defi-
nitions apply: 
(1) ELIGIBLE LOAN.—The term ‘‘eligible loan’’ 
means a loan guaranteed by the Small Business Ad-
ministration and entered into after the effective date 
of this Act. 
(2) SMALL
BUSINESS
CONCERN.—The term 
‘‘small business concern’’ has the meaning given 
such term in section 3 of the Small Business Act 
(15 U.S.C. 632). 
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(g) FUNDING.—Of the amounts made available under 
title I of the Emergency Economic Stabilization Act of 
2008 (Public Law 110–343; 12 U.S.C. 5201 et seq.), the 
Secretary of the Treasury shall make available to the Ad-
ministrator of the Small Business Administration the 
amount requested by the Administrator to carry out this 
section, but not to exceed $3,375,000,000, and such 
amount shall be treated as having been made available for 
activities authorized by such Act. 
(h) EFFECTIVE DATE.—This Act takes effect on the 
date that is 60 days after the date of the enactment of 
this Act. 
Æ 
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