I 
111TH CONGRESS 
1ST SESSION H. R. 4340 
To require the Secretary of the Treasury to establish a revolving loan fund 
program for certain businesses to facilitate increased lending in the 
United States. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 16, 2009 
Mr. DAVIS of Alabama introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To require the Secretary of the Treasury to establish a 
revolving loan fund program for certain businesses to 
facilitate increased lending in the United States. 
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 ‘‘Main Street Survival 
Act’’. 
SEC. 2. FINDINGS; SENSE OF CONGRESS. 
(a) FINDINGS.—The Congress finds the following: 
(1) Despite the infusion of hundreds of billions 
of dollars to provide liquidity to capital markets, 
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many qualified and creditworthy small and medium- 
sized businesses continue to face severely constricted 
credit markets. 
(2) Banks of all sizes have significantly de-
creased lending in, and in some cases withdrawn 
completely from, the small and medium-sized busi-
ness credit market. 
(3) Available and affordable credit is critical for 
the survival of the small and medium-sized busi-
nesses that form the backbone of the economy of the 
United States. 
(b) SENSE
OF
THE CONGRESS
ON LENDING
TO 
SMALL AND MEDIUM-SIZED BUSINESSES.—It is the sense 
of the Congress that the President, acting through the 
Secretary of the Treasury, should encourage financial in-
stitutions that have received Federal financial support to 
maintain historic levels of lending to small and medium- 
sized businesses. 
SEC. 3. DEFINITIONS. 
In this Act— 
(1) the term ‘‘revolving loan fund’’ means the 
revolving loan fund established under section 4(b); 
and 
(2) the term ‘‘Secretary’’ means the Secretary 
of the Treasury. 
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SEC. 4. MAIN STREET REVOLVING LOAN FUND PROGRAM. 
(a) ESTABLISHMENT.—The Secretary shall establish 
the Main Street Revolving Loan Fund Program (herein-
after in this Act referred to as the ‘‘program’’) to provide 
temporary loans to businesses that meet the size require-
ment under paragraph (1) of subsection (c). 
(b) REVOLVING LOAN FUND.— 
(1) IN GENERAL.—There is established in the 
Treasury a revolving loan fund for the program. 
(2) INITIAL TRANSFER.—From dividends paid 
by financial institutions that have received financial 
assistance provided under title I of the Emergency 
Economic Stabilization Act of 2008 (Public Law 
110–343; 12 U.S.C. 5211 et seq.), the Secretary 
shall transfer and credit $1,000,000,000 to the re-
volving loan fund. 
(3) EXPENDITURES.—The Secretary shall use 
the amounts in the revolving loan fund to carry out 
the program. 
(4) DEPOSITS.—The Secretary shall deposit 
amounts received as payment on loans provided 
under the program into the revolving loan fund. 
(c) ELIGIBILITY.— 
(1) SIZE REQUIREMENT.—To qualify for a loan 
under the program, a business shall have less than 
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1,000 full-time equivalent employees at the time of 
submission of an application under subsection (d). 
(2) CONSIDERATIONS.—The Secretary, through 
regulations, shall develop criteria to evaluate and se-
lect businesses for participation in the program, tak-
ing into consideration— 
(A) the likelihood that the business con-
cerned will be forced to lay off employees in the 
absence of obtaining a loan under such pro-
gram; and 
(B) the ability of such businesses to repay 
the loan. 
(3) 
AVAILABILITY.—The 
criteria 
developed 
under paragraph (2) shall be made available on the 
official public Web site of the Department of the 
Treasury. 
(d) APPLICATION.—A business desiring a loan under 
the program shall submit an application to the Secretary 
at such time, in such manner, and accompanied by such 
information as the Secretary may require. 
SEC. 5. TERMS. 
(a) USE OF FUNDS.—A business receiving a loan 
under the program may use the funds to finance the cost 
of operations, including— 
(1) purchasing and operating equipment; 
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(2) paying salaries, wages, and building ex-
penses; and 
(3) purchasing inventory or making improve-
ments to enhance productivity. 
(b) PROHIBITED USE.—A loan provided under the 
program may not be used to significantly expand oper-
ations. 
(c) REPAYMENT PERIOD.—A loan provided under the 
program shall be made for a period not to exceed 9 
months. 
(d) MAXIMUM LOAN AMOUNT.—Under the program, 
the Secretary may provide not more than a total of 
$1,000,000 in loans to a particular business in any fiscal 
year. 
SEC. 6. ADMINISTRATIVE COSTS. 
Not more than $1,000,000 may be used for adminis-
trative costs in any fiscal year to carry out the program. 
SEC. 7. REPORT. 
(a) IN GENERAL.—The Secretary shall make avail-
able on the official public Web site of the Department of 
the Treasury, and submit to Congress— 
(1) within 1 year after the date of enactment 
of this Act and each year thereafter in which a loan 
has been made under the program, an annual re-
port; and 
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(2) within 90 days after the end of the 9-month 
period following the issuance of the final loan under 
the program, a final report. 
(b) DETAILS.—Each report shall provide details on 
loans provided under the program and the effectiveness 
of such program in providing stability for, and otherwise 
supporting, businesses. 
SEC. 8. REGULATIONS. 
The Secretary may prescribe regulations necessary to 
carry out this Act. 
SEC. 9. SUNSET. 
An application for a loan under the program may not 
be accepted after the date which is 3 years after the date 
of enactment of this Act. 
Æ 
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