Summary: Small Business Jobs Act of 2010 - Title I: Small Businesses - Subtitle A: Small Business Access to Credit - Small Business Job Creation and Access to Capital Act of 2010 - Part I: Next Steps for Main Street Credit Availability - (Sec. 1111) Amends the Small Business Act to increase temporarily (until January 1, 2011) to 90% the maximum Small Business Administration (SBA) participation in a loan on a deferred basis under the section 7(a) (general small business loans) guaranteed loan program. Reduces SBA participation in a loan on a deferred basis, after December 31, 2010, from 90% back to: (1) 75% of a loan balance exceeding $150,000; and (2) 85% of a loan balance equal to or less than $150,000. Raises from $1.5 million to $4.5 million (through December 31, 2010, after which only to $3.75 million) the ceiling on the total amount outstanding and committed (by participation or otherwise) to the borrower from the business loan and investment fund. Raises from $2 million to $5 million the maximum gross loan amount. Raises from $1.5 million to $5 million the maximum loan amounts for the section 504 (state and local development company) program. Increases from $35,000 to $50,000 the maximum amount of a microloan (to a start-up, newly-established, and growing small business) under the Microloan program. Increases from $3.5 million to $5 million the maximum total amount of loans to one intermediary participating in the Microloan program. (Sec. 1114) Amends the American Recovery and Reinvestment Act of 2009 to extend through December 31, 2010: (1) the reduction or elimination of certain fees related to SBA loan guarantees; and (2) the Economic Stimulus Lending Program to guarantee up to 90% of qualifying small business loans made by eligible lenders. (Sec. 1115) Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies of 10% of the sum of a company's regulatory capital plus the total amount of leverage projected in the participation agreement. (Sec. 1116) Directs the SBA Administrator to establish for prospective borrowers an alternative small business size standard that uses maximum tangible net worth and average net income as an alternative to the use of industry standards. (Sec. 1117) Directs the SBA Administrator, upon pool assembler request, if the amount of the guaranteed portion of any loan under the section 7(a) general small business loan program is more than $500,000, to divide the loan guarantee into increments of $500,000 and 1 increment of any remaining amount less than $500,000, in order to permit the maximum amount of any loan in a pool to be not more than $500,000. Allows increments of loan guarantees to different borrowers that are so divided to be included in the same pool. (Sec. 1118) Expresses the sense of Congress that the SBA Administrator should establish a website that: (1) lists SBA lenders and provides loan rate information, and (2) allows prospective borrowers to compare rates on SBA-guaranteed loans. (Sec. 1119) Amends the American Recovery and Reinvestment Act of 2009 to terminate the authority of the Administrator regarding the Secondary Market Guarantee Authority two years after the date of the first sale of a pool of first lien position 504 loans guaranteed to a third-party investor. Part II: Small Business Access to Capital - (Sec. 1122) Amends the Small Business Investment Act of 1958 regarding the local development business loan program to allow a small business borrower to refinance a previous business debt: (1) that was incurred at least two years before the loan application; (2) that is a commercial loan; (3) that is not guaranteed by a federal agency; (4) whose proceeds were used to acquire a fixed asset for the business's benefit; (5) that is collateralized by fixed assets; and (6) for which the borrower has been current on all payments for at least one year. Allows the Administrator to provide financing under such program for a project that does not involve small business expansion, if the borrower meets certain job creation or retention goals. Prescribes an alternate job retention goal for which a borrower may qualify. Part III: Other Matters - (Sec. 1131) Establishes a three-year pilot program of direct loans to private, nonprofit entities (intermediaries), which shall in turn make loans of up to $200,000 each to startup, newly established, and growing small businesses for working capital, real estate, or the acquisition of materials, supplies, or equipment. (Sec. 1133) Amends the Small Business Act to authorize the SBA Administrator to guarantee the timely payment of an open-end extension of credit to a small business concern, the proceeds of which may be used for the purchase of eligible retail goods for resale (floor plan pilot program extension). (Sec. 1134) Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to direct the Secretary of the Treasury to guarantee payments on bonds or notes issued by a qualified issuer, if their proceeds are used to make loans to eligible community development financial institutions for eligible community or economic development purposes or to refinance loans or notes issued for such purposes. Requires each qualified issuer to establish a risk-share pool, capitalized by contributions from eligible community development financial institution participants of an amount equal to 3% of the guaranteed amount outstanding on the such notes and bonds. Authorizes appropriations through FY2014. (Sec. 1135) Raises temporarily, for only one year, the maximum amount of an express loan from $350,000 to $1 million. (Sec. 1136) Prohibits the use of Troubled Asset Relief Program (TARP) funds under the Emergency Economic Stabilization Act of 2008 or tax increases during 2010 to carry out specified sections of the loan programs under this Act. Subtitle B: Small Business Trade and Exporting - Small Business Export Enhancement and International Trade Act of 2010 - (Sec. 1201) Amends the Small Business Act to: (1) require the SBA Office of International Trade to implement export promotion programs that increase the number of small businesses that export as well as the volume of their exports; and (2) establish an Associate Administrator for International Trade as the head of the Office. (Sec. 1204) Requires the Associate Administrator in promoting export assistance programs through SBA district and regional offices, the small business development center network, Export Assistance Centers (one-stop shops for U.S. exporters), the network of women's business centers, chapters of the Service Corps of Retired Executives (SCORE), state and local export promotion programs, and partners in the private sector. Requires the Associate Administrator to establish annual goals. Directs the Associate Administrator to appoint at least one trade financial specialist within the SBA to oversee international loan programs and assist SBA employees with trade finance issues. Directs the SBA Administrator to: (1) establish an export and trade counseling certification program for employees of lead small business development centers and lead women's business centers; and (2) ensure that each lead small business development center has at least 10% of its employees (with a minimum of 5 employees) certified in providing export assistance. Requires the Associate Administrator to develop performance measures to support small business export growth goals for Office activities. (Sec. 1205) Directs the SBA Administrator, in coordination with the Secretary of Commerce, to ensure that the number of export finance specialists assigned to the Export Assistance Centers is at least the number that were assigned on January 1, 2003. Requires at least three specialists in each SBA region. Directs the SBA Administrator to study for each state: (1) its volume of exports; (2) the availability of export finance specialists; (3) the number as well as percentage of exporters that are small business concerns; (4) changes, if any, in the number of exporters that are small business concerns at 10-year intervals; (5) the total value of the exports by small business concerns; and (6) the percentage of the total volume of exports attributable to small business concerns, and changes, if any, in those percentages at 10-year intervals. Requires recommendations to Congress on how to eliminate gaps between the supply of and demand for export finance specialists in the 15 states with the greatest volume of exports as well as in the 15 states with the lowest volume of exports. (Sec. 1206) Increases from $1.75 million to $4.5 million the total amount of a small business loan outstanding and committed (by participation or otherwise) to the borrower from the business loan and investment fund. Increases from $1.25 million to $4 million the limit on the use of such a loan for working capital, supplies, or financings. Caps SBA participation in an international trade loan at 90%. Authorizes the SBA to make a guaranteed loan for working capital that will allow an eligible small business concern engaged in or adversely affected by international trade to improve its competitive position. Allows such a loan to be secured by a second lien position on the property or equipment financed by the loan or on other assets of the small business concern, if the lien gives adequate assurance of the payment of the loan. (Currently, a first lien position or first mortgage on the property, equipment, or other business assets is required.) Names the foreign market development loan guarantee program the Export Working Capital Program, allowing a maximum loan guarantee of $5 million. Makes eligible to participate in the Preferred Lenders Program any lender participating in the Delegated Authority Lender Program of the Export-Import Bank of the United States. Establishes the Export Express Program to authorize the SBA Administrator to guarantee loans to small businesses for export development activities. Requires the guarantee of 90% of a loan of up to $350,000, and 75% of a higher loan up to $500,000. Directs the SBA Administrator to publish an annual list of the banks and participating lending institutions that have made such loans guaranteed by the SBA during the preceding year. (Sec. 1207) Directs the Associate Administrator to establish a three-year pilot State Trade and Export Promotion Grant Program to make grants to states to carry out export promotion programs for small businesses, including those owned and controlled by women and socially and economically disadvantaged individuals. Authorizes appropriations for FY2011-2013. (Sec. 1208) Requires the SBA Administrator to report to Congress on rural export promotion programs for small businesses. (Sec. 1209) Requires a small business development center that counsels a small business concern on international trade issues to: (1) consult with state trade agencies and Export Assistance Centers to provide appropriate services to the small business concern; and (2) refer the small business concern to a state trade agency or an Export Assistance Center, as necessary, for further counseling or assistance. Subtitle C: Small Business Contracting - Part I: Contract Bundling - (Sec. 1312) Amends the Small Business Act to require each federal agency to include in each solicitation for any multiple award contract above the agency's substantial bundling threshold a provision soliciting bids from any responsible source, including responsible small business concerns and teams or joint ventures of small business concerns. Directs the Federal Acquisition Regulatory Council to amend a specified Federal Acquisition Regulation to: (1) establish a Government-wide policy regarding contract bundling, including the solicitation of teaming and joint ventures; and (2) require that such policy be published on each federal agency website. Requires the Administrator for Federal Procurement Policy to report triennially to certain congressional committees regarding procurement center representatives and commercial market representatives, including the identification of each area to which the SBA has assigned such a representative. Directs the Comptroller General to report to Congress on the procurement center representative program. Instructs the Administrator to implement a 3-year pilot electronic procurement center representative program. (Sec. 1313) Directs the head of each federal agency to ensure that its decisions regarding consolidation of contract requirements are made with a view to providing small business concerns with appropriate opportunities to participate as prime contractors and subcontractors. Prohibits a federal agency head from carrying out an acquisition strategy that includes a consolidation of contract requirements with a value of more than $2 million unless the senior procurement executive or Chief Acquisition Officer first conducts market research, identifying alternative contracting approaches involving a lesser degree of consolidation of contract requirements, and certifying that steps will be taken to include small business concerns in the acquisition strategy. Authorizes a senior procurement executive or Chief Acquisition Officer to determine that an acquisition strategy involving a consolidation of contract requirements is necessary and justified if the benefits of the acquisition strategy substantially exceed the benefits of alternative contracting approaches. (Sec. 1314) Directs the Administrator to establish a Small Business Teaming Pilot Program of grants to eligible organizations to assist and guide to teams or joint ventures of small business concerns seeking to compete for larger procurement contracts. Authorizes appropriations for FY2010-FY2015. Part II: Subcontracting Integrity - (Sec. 1321) Directs the Administrator to promulgate regulations relating to, and the Federal Acquisition Regulatory Council to amend the Federal Acquisition Regulation to establish a policy on, subcontracting compliance relating to small business concerns, including assignment of compliance responsibilities among contracting offices, small business offices, and program offices and periodic oversight and review. Part III: Acquisition Process - (Sec. 1331) Amends the Small Business Act to direct the Administrator and the Administrator for Federal Procurement Policy to establish regulatory guidance under which federal agencies may, at their discretion, set aside part or parts of a multiple award contract, and reserve contract awards, for small business concerns, including the subcategories of small business concerns. (Sec. 1332) Instructs the Director of the Office of Management and Budget (OMB) to issue guidelines regarding the analysis of purchase card expenditures to identify opportunities for achieving and accurately measuring fair participation of small business concerns in purchases in an amount not exceeding the micro-purchase threshold. (Sec. 1334) Requires a prime contractor for a covered contract to notify in writing the relevant contracting officer if: (1) the prime contractor pays a reduced price to a subcontractor for goods and services, or (2) the payment to a subcontractor is more than 90 days past due for goods or services provided for the covered contract for which the federal agency has paid the prime contractor. (Sec. 1335) Amends the Business Opportunity Development Reform Act of 1988 to repeal authority for the Small Business Competitiveness Demonstration Program. Part IV: Small Business Size and Status Integrity - (Sec. 1341) States a presumption that, in every contract, subcontract, cooperative agreement, cooperative research and development agreement, or grant which is classified as intended for award to small business concerns, there shall be a loss to the United States based on the total amount expended on such instrument whenever a non-small business concern willfully sought and received the award by misrepresentation. (Sec. 1342) Requires each certified small business concern to certify its size and small business status annually by means of a confirming entry on the SBA Online Representations and Certifications Application database. (Sec. 1343) Requires the Federal Acquisition Institute to develop courses for acquisition personnel concerning proper classification of business concerns and small business size and status for purposes of federal contracts, subcontracts, grants, cooperative agreements, and cooperative research and development agreements. (Sec. 1344) Requires the Administrator to conduct a rolling detailed review, every 18 months, of updated size standards for small business concerns, including at least 2 public forums located in different U.S. geographic regions. (Sec. 1345) Directs Comptroller General to study the mentor-protege program for small business concerns participating in certain SBA programs, as well as other relationships and strategic alliances pairing a larger business and a small business concern partner to gain access to federal government contracts, to determine whether the programs and relationships are effectively supporting the goal of increasing the participation of small business concerns in federal contracting. Subtitle D: Small Business Management and Counseling Assistance - (Sec. 1401) Authorizes the Administrator, upon request by an intermediary, to waive the requirement to obtain non-federal funds for a fiscal year, including successive fiscal years. Prohibits the Administrator from waiving the requirement to obtain such funds if granting the waiver would undermine the credibility of the microloan program. (Sec. 1402) Authorizes the Administrator to make grants to small business development centers to provide targeted technical assistance to small business concerns seeking access to capital or credit, federal procurement opportunities, energy efficiency audits to reduce energy bills, opportunities to export products or provide services to foreign customers, adopting, making innovations in, and using broadband technologies, or other assistance. Exempts grant recipients from the requirement to provide non-federal matching funds. Authorizes appropriations. Subtitle E: Disaster Loan Improvement - (Sec. 1501) Authorizes the Administrator to provide disaster assistance to aquaculture enterprises that are small businesses. Subtitle F: Small Business Regulatory Relief - (Sec. 1601) Requires a federal agency final regulatory flexibility analysis accompanying a final rule to contain the agency's response to any comments filed by the SBA Chief Counsel for Advocacy in response to the proposed rule, and a detailed statement of any change made to the proposed rule in the final rule as a result of the comments. (Sec. 1602) Amends federal law to require each budget submitted by the President to include a separate statement of the amount of appropriations requested for the SBA Office of Advocacy, which shall be designated in a separate account in the General Fund of the Treasury. Authorizes appropriations. Subtitle G: Appropriations Provisions - (Sec. 1701) Makes FY2010 appropriations for: (1) SBA salaries and expenses, (2) the Business Loans Program Account, (3) the Community Development Financial Institutions Fund Program Account, and (4) Small Business Loan Guarantee Enhancement Extension. Title II: Tax Provisions - Creating Small Business Jobs Act of 2010 - Subtitle A: Small Business Relief - Part I: Providing Access to Capital - (Sec. 2011) - Amends the Internal Revenue Code to increase from 50% to 100% the exclusion from gross income of the gain from the sale or exchange of qualified small business stock acquired after March 15, 2010, and before January 1, 2012. (Sec. 2012) Permits a 5-year carryback for eligible small business credits. (Sec. 2013) Sets forth special rules for eligible small business credits in 2010, including treating the tentative alternative minimum tax (AMT) as being zero. Prohibits treatment of business credits determined with respect to a partnership or S corporation as eligible small business credits by partners or shareholders unless they meet a certain gross receipts test. (Sec. 2014) Prescribes special rules for a temporary elimination of tax on the net recognized built-in gain of an S corporation for 2009, 2010, and 2011. Part II: Encouraging Investment - (Sec. 2021) Specifies increased expensing limitations for 2010 and 2011. Treats specified real property, upon taxpayer election, as section 179 property, including any qualified real property (such as leasehold or retail improvement property or restaurant property) of a character subject to a depreciation allowance which is purchased for use in the active conduct of a trade or business. (Sec. 2022) Grants an additional first-year depreciation for 50% of the basis of certain qualified property placed in service before January 1, 2012. (Sec. 2023) Sets forth a special rule for the allocation to an long-term contract of bonus depreciation for certain property with a recovery period of 7 years or less which is placed in service between December 31, 2009, and January 1, 2011 (January 1, 2012, in the case of specified other property). Part III: Promoting Entrepreneurship - (Sec. 2031) Increases from $5,000 to $10,000 (reduced by the excess over $60,000 in such expenditures) the allowed deduction for start-up expenditures in taxable year 2010. (Sec. 2032) Authorizes appropriations to the Office of the United States Trade Representative (USTR) for: (1) analyzing and developing opportunities for U.S. to access the markets of foreign countries; and (2) enforcing trade agreements to which the United States is a party. Directs the USTR to: (1) give preference to initiatives that will create or sustain the greatest number of jobs in the United States or result in the greatest benefit to the U.S. economy; and (2) consider the needs of small- and medium-sized businesses in the United States with respect to accessing the markets of foreign countries and the enforcement of trade agreements to which the United States is a party. Part IV: Promoting Small Business Fairness - (Sec. 2041) Limits the penalty for failure to disclose a reportable transaction on a tax return or statement to 75% of the decrease in tax resulting from such transaction. Sets a minimum penalty of $10,000 ($5,000 in the case of a natural person). (Sec. 2042) Revises special rules for the health insurance costs of self-employed individuals to allow a deduction from self-employment income (ordinarily disallowed) for such costs in computing 2010 self-employment taxes. (Sec. 2043) Removes cellular telephones and similar telecommunications equipment from the definition of listed property with respect to the limitation (to computation under the alternative depreciation system) on the deduction from business income for listed property whose business use does not exceed 50%. Subtitle B: Revenue Provisions - Part I: Reducing the Tax Gap - (Sec. 2101) States that, for purposes of mandatory information returns, a person receiving rental income from real estate, with specified exceptions, shall be considered to be engaged in a trade or business of renting property. (Sec. 2102) Increases the penalties for failure to: (1) file correct information returns, and (2) furnish correct payee statements. Requires inflation adjustments to such penalties. (Sec. 2103) Requires the Commissioner of Internal Revenue to report annually to the House Committee on Ways and Means and the Senate Committee on Finance on penalties assessed for certain abusive tax shelters and reportable transactions. (Sec. 2104) States that requirements governing notice and opportunity for a hearing before imposition of a tax levy do not apply if the Secretary of the Treasury has served a federal contractor levy. Part II: Promoting Retirement Preparation - (Sec. 2111) Permits participants in government Section 457 plans (deferred compensation plans of state and local governments and tax-exempt organizations) to treat elective deferrals as Roth IRA contributions (subject to immediate taxation). (Sec. 2112) Includes within taxable gross income certain rollovers from elective deferral plans to designated Roth IRA accounts. (Sec. 2113) Includes within gross income any amount received as an annuity under an annuity, endowment, or life insurance contract. Prescribes the treatment for partial annuitization. Part III: Closing Unintended Loopholes - (Sec. 2121) Excludes any fuel with an acid number greater than 25 (crude tall oil) from the meaning of cellulosic biofuel eligible for the (cellulosic biofuel producer) tax credit for alcohol used as fuel. (Sec. 2122) Treats as income sourced within the United States any amounts received from a noncorporate resident or domestic or foreign corporation for the provision of a guarantee of indebtedness, if such amount is connected with income effectively connected (or so treated) with the conduct of a trade or business in the United States. Treats as income sourced outside the United States any amounts received, directly or indirectly, from a foreign person for the provision of a guarantee of indebtedness other than amounts derived from sources within the United States. Part IV: Time for Payment of Corporate Estimated Taxes - (Sec. 2131) Increases by 36% to 157.5% the estimated tax installment for the third quarter of 2015 for corporations with assets of not less than $1 billion. Title III: State Small Business Credit Initiative - State Small Business Credit Initiative Act of 2010 - (Sec. 3003) Establishes a seven-year State Small Business Credit Initiative, under which the Secretary of the Treasury shall allocate federal funds for FY2009-FY2010 to participating states with capital access programs. (Sec. 3005) Prescribes eligibility criteria for state capital access programs providing portfolio insurance for business loans. Requires the portfolio insurance to be based on a separate loan-loss reserve fund for each financial institution, with: (1) premiums paid by the financial institution lenders and by the business borrowers to the reserve fund to have their loans enrolled in it, and (2) state contributions to the reserve fund in amounts equal to such premium charges. Limits portfolio insurance to loans of up to $5 million to borrowers with 500 employees or fewer at the time that the loan is enrolled in the program. Requires the Secretary to make federal contributions any state capital access program meeting specified minimum requirements. Requires an applicant state to report to the Secretary how it plans to use the federal contributions to the reserve fund to provide access to capital for small businesses in low- and moderate-income, minority, and other underserved communities, including women- and minority-owned small businesses. (Sec. 3006) Authorizes a participating state that establishes a new, or has an existing, eligible credit support program to apply for the Secretary's approval of a state other credit support program for federal contributions to, or for the account of, the state program. Requires a state other credit support program, among other eligibility criteria, to demonstrate that one dollar of public investment by the state program will cause and result in one dollar of new private credit, with a reasonable expectation that, when considered with all other state programs, they together have the ability to use new federal contributions to cause and result in amounts of new small business lending at least 10 times the new federal contribution amount. Requires such a program to extend credit support to borrowers with an average size of 500 or fewer employees, but in no event to borrowers with more than 750 employees. Requires such credit support to target loans with an average principal amount of $5 million or less, but in no event more than $20 million. (Sec. 3007) Requires participating states to file quarterly use-of-federal-funds reports. (Sec. 3008) Authorizes reduction or termination of federal allocations to a participating state: (1) upon its termination of participation in the program, (2) for failure to submit timely and complete reports, or (3) for noncompliance with the terms of the allocation agreement. (Sec. 3009) Directs the Secretary to: (1) establish minimum national standards for approved state programs, and (2) provide states with technical assistance for starting programs and generally disseminating best practices. Makes appropriations. Terminates the program at the end of seven years. Title IV: Additional Small Business Provisions - Subtitle A: Small Business Lending Fund - (Sec. 4103) Establishes in the Treasury the Small Business Lending Fund to cover purchases of preferred stock and other financial instruments from eligible insured depository institutions, bank holding companies, savings and loan holding companies, and community development financial institution loan funds with total assets of $10 billion or less. Authorizes the Secretary of the Treasury to establish the Small Business Lending Fund Program. Limits the aggregate amount of purchases to $30 billion. Requires all funds received by the Secretary in connection with such purchases to be paid into the general fund of the Treasury for reduction of the public debt. Prohibits more than 1% of the value of purchases made by the Secretary in implementing the Program from being used to make purchases from community development loan funds (CDLFs). Instructs the Secretary to develop specified eligibility criteria to determine the financial ability of a CDLF to participate in the Program and repay the investment. Requires CDLFs participating in the Program to submit audited financial statements to the Secretary, have a clean audit opinion, and have at least three years of operating experience. Allows eligible institutions with assets of $1 billion or less to apply for a capital investment from the Fund not exceeding 5% percent of risk-weighted assets. Allows eligible institutions with assets of between $1 billion and $10 billion to apply for a capital investment from the Fund of up to 3% percent of risk-weighted assets. Prescribes requirements for the treatment of assets of holding companies and institutions controlled by holding companies. Requires an applicant institution (including a state-chartered bank) to submit: (1) a small business lending plan describing how its business strategy and operating goals address the needs of small businesses in the areas it serves, and (2) a plan to provide linguistically and culturally appropriate outreach. Permits CDLFs to apply for a capital investment from the Fund in an amount not exceeding 5% of total assets. Declares ineligible for a capital investment from the Fund any institution that is either on the Federal Deposit Insurance Corporation (FDIC) problem bank list or has been removed from such list for less than 90 days. Prescribes requirements governing financial instruments issued to the Treasury by an eligible institution receiving a capital investment (including S Corporations). Sets forth financial incentives for small business lending by such institutions. Sets a 10-year deadline for repayment of a capital investment under the Program. Sets forth requirements governing financial instruments issued by a Community Development Financial Institution loan fund (CDFILF) receiving a capital investment under the Program. Makes incentives contingent upon an increase in the number of loans made. Requires the Secretary to issue regulations and other guidance to permit eligible institutions to refinance securities issued to the Treasury under the Community Development Capital Initiative (CDCI) of the Troubled Asset Relief Program (TARP) established by the Emergency Economic Stabilization Act of 2008 (EESA) and the TARP Capital Purchase Program (CPP) for securities to be issued under the Program; but prohibits participation by certain nonpaying CPP participants. Directs the Secretary to require capital investment recipients to provide linguistically and culturally appropriate outreach and advertising in the applicant pool using media outlets which target organizations, trade associations, and individuals that represent or work within or are members of minority communities, women, and veterans. Requires the appropriate federal banking agency for an eligible institution that receives funds under the Program to issue guidance regarding mandatory prudent underwriting standards for loans it makes. (Sec. 4105) Instructs the Secretary, when exercising authorities granted under this title, to take into consideration, among other things, increasing the opportunity for small business development in areas with high unemployment rates that exceed the national average. (Sec. 4107) Establishes the Office of Small Business Lending Fund (SBLF) Program Oversight within the Office of the IG. Instructs the IG to: (1) appoint a Special Deputy Inspector General for SBLF Program Oversight to lead the Office, and (2) audit and investigate purchases of financial instruments under the Program through the Office. (Sec. 4108) Makes appropriations to pay the costs of $30 billion of capital investments in eligible institutions and of capital investments program administration. (Sec. 4109) Terminates the authority to make capital investments in eligible institutions one year after enactment of this Act. (Sec 4111) Establishes the Small Business Lending Fund Program as separate and distinct from TARP. States that an institution shall not be considered a TARP recipient by virtue of a capital investment under this Act. (Sec. 4112) Directs the Secretary to: (1) study the impact of the Program on women-owned businesses, veteran-owned businesses, and minority-owned businesses; and (2) disaggregate study results by ethnic group and gender. (Sec. 4113) Expresses the sense of Congress that the FDIC and other bank regulators are sending mixed messages to banks regarding regulatory capital requirements and lending standards, which is a contributing cause of decreased small business lending and increased regulatory uncertainty at community banks. Subtitle B: Other Provisions - Part I: Small Business Export Promotion Initiatives - Export Promotion Act of 2010 - (Sec. 4222) Directs the Secretary of Commerce (Secretary in this Part) to increase the number of full-time departmental employees whose primary responsibilities involve promoting or facilitating participation by U.S. businesses in the global marketplace and facilitating the entry into, or expansion of, such participation. Requires the Secretary to ensure that global marketplace promotional activities include promoting and facilitating participation by small and medium-sized manufacturing businesses. Authorizes appropriations for FY2011-FY2012. Instructs the Secretary, in obligating and expending such funds, as well as funds for other programs under this Act, to give preference to activities that: (1) assist small- and medium-sized businesses in the United States; and (2) will create or sustain the greatest number of jobs in the United States and obtain the maximum return on investment. Authorizes appropriations. (Sec. 4223) Authorizes appropriations to the Department of Commerce for FY2011-FY2012 to improve access to the global marketplace for goods and services provided by rural businesses. (Sec. 4224) Authorizes appropriations to expand ExporTech, a joint program of the Hollings Manufacturing Extension Partnership Program and the Export Assistance Centers of the Department of Commerce. (Sec. 4225) Authorizes appropriations for the Manufacturing and Services unit of the International Trade Administration (ITA) of the Department of Commerce to establish public-private partnerships under the Market Development Cooperator Program. (Sec. 4226) Amends the National Institute of Standards and Technology Act to authorize the Director of the National Institute of Standards and Technology (NIST), in making awards for the creation and support of regional centers for the transfer of manufacturing technology, to: (1) consider whether an applicant has significant potential for enhancing the competitiveness of small- and medium-sized U.S. manufacturers in the global marketplace, and (2) give a preference to applicants for such projects. Authorizes the Director, in making awards under the technology innovation program, to take the same question into consideration. (Sec. 4227) Expresses the sense of the Senate that the Secretary of Commerce should enhance federal collaboration with the states on export promotion issues by taking specified steps. (Sec. 4228) Directs such Secretary to report to Congress on the tariff and nontariff barriers imposed by Colombia, the Republic of Korea, and Panama with respect to exports of U.S. firms, including small- and medium-sized manufacturing firms. Part II: Medicare Fraud - (Sec. 4241) Directs the Secretary of Health and Human Services (HHS) (Secretary in this Part) to: (1) use predictive modeling and other analytics technologies (predictive analytics technologies) to identify improper claims for reimbursement, and (2) prevent the payment of such claims under the Medicare fee-for-service program. Prescribes requirements for predictive analytics technologies requirements and their implementation over four years. Sets forth requirements for contractor selection, qualifications, and data access requirements. Makes appropriations for this program. Title V: Budgetary Provisions - Declares that the budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go-Act of 2010, shall be determined by reference to the latest statement titled "Budgetary Effects of PAYGO Legislation."

small business jobs act title small businesses subtitle small business access access capital act steps sec amends small business act increase temporarily january maximum small_business_administration sba participation loan deferred basis section general small business loans guaranteed loan program reduces sba participation loan deferred basis december loan balance exceeding loan balance equal raises million million december million ceiling total outstanding committed participation borrower business loan investment fund raises million million maximum gross loan raises million million maximum loan amounts section state local development company program increases maximum microloan start newly established growing small business microloan program increases million million maximum total loans intermediary participating microloan program sec amends american_recovery_and_reinvestment_act extend december reduction elimination certain fees related sba loan guarantees economic stimulus lending program guarantee qualifying small business loans eligible lenders sec amends small_business_investment_act apply single business investment limits sba recognized new markets venture capital companies sum company regulatory capital plus total leverage projected participation agreement sec directs sba administrator establish prospective borrowers alternative small business size standard uses maximum tangible net worth average net income alternative use industry standards sec directs sba administrator pool request guaranteed portion loan section general small business loan program divide loan guarantee increments increment remaining order permit maximum loan pool allows increments loan guarantees different borrowers divided included pool sec expresses sense congress sba administrator establish website lists sba lenders provides loan rate information allows prospective borrowers compare rates sba guaranteed loans sec amends american_recovery_and_reinvestment_act terminate authority administrator years date sale pool lien position loans guaranteed party investor small business access capital sec amends small_business_investment_act local development business loan program allow small business borrower refinance previous business debt incurred years loan application commercial loan guaranteed federal agency proceeds acquire fixed asset business benefit collateralized fixed assets borrower current payments year allows administrator provide financing program project involve small business expansion borrower meets certain job creation retention goals prescribes alternate job retention goal borrower qualify iii matters sec establishes year pilot program direct loans private nonprofit entities intermediaries shall turn loans startup newly established growing small businesses working capital real estate acquisition materials supplies equipment sec amends small business act authorize sba administrator guarantee timely payment open end extension credit small business concern proceeds purchase eligible retail goods resale floor plan pilot program extension sec amends riegle_community_development_and_regulatory improvement act direct secretary treasury guarantee payments bonds notes issued qualified issuer proceeds loans eligible community development financial institutions eligible community economic development purposes refinance loans notes issued purposes requires qualified issuer establish risk share pool capitalized contributions eligible community development financial institution participants equal guaranteed outstanding notes bonds authorizes appropriations fy2014 sec raises temporarily year maximum express loan million sec prohibits use troubled_asset_relief_program tarp funds emergency_economic_stabilization_act tax increases carry specified sections loan programs act subtitle international trade act sec amends small business act require implement export promotion programs increase number small businesses export volume exports establish associate administrator international_trade head office sec requires associate administrator promoting export assistance programs sba district regional offices small business development center network stop exporters network women business centers chapters state local export promotion programs partners private sector requires associate administrator establish annual goals directs associate administrator appoint trade financial specialist sba oversee international loan programs assist sba employees trade finance issues directs sba administrator establish export trade counseling certification program employees lead small business development centers lead women business centers ensure lead small business development center employees minimum employees certified providing export assistance requires associate administrator develop performance measures support small business export growth goals office activities sec directs sba administrator coordination secretary commerce ensure number export finance specialists assigned number assigned january requires specialists sba region directs sba administrator study state volume exports availability export finance specialists number percentage exporters small business concerns changes number exporters small business concerns year intervals total value exports small business concerns percentage total volume exports attributable small business concerns changes percentages year intervals requires recommendations congress eliminate gaps supply demand export finance specialists states greatest volume exports states lowest volume exports sec increases million million total small business loan outstanding committed participation borrower business loan investment fund increases million million limit use loan working capital supplies financings caps sba participation international trade loan authorizes sba guaranteed loan working capital allow eligible small business concern engaged adversely affected international trade improve competitive position allows loan secured second lien position property equipment financed loan assets small business concern lien gives adequate assurance payment loan currently lien position mortgage property equipment business assets required names foreign market development loan guarantee program allowing maximum loan guarantee million makes eligible participate lender participating united_states establishes export express program authorize sba administrator guarantee loans small businesses export development activities requires guarantee loan higher loan directs sba administrator publish annual list banks participating lending institutions loans guaranteed sba preceding year sec directs associate administrator establish year pilot grants states carry export promotion programs small businesses including owned controlled women socially economically disadvantaged individuals authorizes appropriations fy2011 sec requires sba administrator report congress rural export promotion programs small businesses sec requires small business development center small business concern international trade issues consult state trade agencies provide appropriate services small business concern refer small business concern state trade agency necessary counseling assistance subtitle small business contracting contract bundling sec amends small business act require federal agency include solicitation multiple award contract agency substantial bundling threshold provision soliciting bids responsible source including responsible small business concerns teams joint ventures small business concerns directs federal_acquisition_regulatory_council amend specified federal_acquisition_regulation establish government wide policy contract bundling including solicitation teaming joint ventures require policy published federal agency website requires administrator federal procurement policy report triennially certain congressional committees procurement center representatives commercial market representatives including identification area sba assigned representative directs comptroller_general report congress procurement center representative program instructs administrator implement year pilot electronic procurement center representative program sec directs head federal agency ensure decisions consolidation contract requirements view providing small business concerns appropriate opportunities participate prime contractors subcontractors prohibits federal agency head carrying acquisition strategy includes consolidation contract requirements value million senior procurement executive chief acquisition officer conducts market research identifying alternative contracting approaches involving lesser degree consolidation contract requirements certifying steps taken include small business concerns acquisition strategy authorizes senior procurement executive chief acquisition officer determine acquisition strategy involving consolidation contract requirements necessary justified benefits acquisition strategy substantially exceed benefits alternative contracting approaches sec directs administrator establish grants eligible organizations assist guide teams joint ventures small business concerns seeking compete larger procurement contracts authorizes appropriations fy2010 fy2015 subcontracting integrity sec directs administrator promulgate regulations relating federal_acquisition_regulatory_council amend federal_acquisition_regulation establish policy subcontracting compliance relating small business concerns including assignment compliance responsibilities contracting offices small business offices program offices periodic oversight review iii acquisition process sec amends small_business_act direct administrator administrator federal procurement policy establish regulatory guidance federal agencies discretion set aside parts multiple award contract reserve contract awards small business concerns including small business concerns sec instructs director office_of_management_and_budget omb issue guidelines analysis purchase card expenditures identify opportunities achieving accurately measuring fair participation small business concerns purchases exceeding micro purchase threshold sec requires prime contractor covered contract notify writing relevant contracting officer prime contractor pays reduced price subcontractor goods services payment subcontractor days past goods services provided covered contract federal agency paid prime contractor sec amends repeal authority small business size status integrity sec states presumption contract subcontract cooperative agreement cooperative research development agreement grant classified intended award small business concerns shall loss united_states based total expended instrument non small business concern willfully sought received award misrepresentation sec requires certified small business concern certify size small business status annually means confirming entry sba online representations database sec requires develop courses acquisition personnel concerning proper classification business concerns small business size status purposes federal contracts subcontracts grants cooperative agreements cooperative research development agreements sec requires administrator conduct rolling detailed review months updated size standards small business concerns including public forums located different geographic regions sec study mentor protege program small business concerns participating certain sba programs relationships strategic alliances pairing larger business small business concern partner gain access federal government contracts determine programs relationships effectively supporting goal increasing participation small business concerns federal contracting subtitle sec authorizes administrator request intermediary waive requirement obtain non federal funds fiscal year including successive fiscal years prohibits administrator waiving requirement obtain funds granting waiver undermine credibility microloan program sec authorizes administrator grants small business development centers provide targeted technical assistance small business concerns seeking access capital credit federal procurement opportunities energy efficiency audits reduce energy bills opportunities export products provide services foreign customers adopting making innovations broadband technologies assistance exempts grant recipients requirement provide non federal matching funds authorizes appropriations subtitle disaster loan improvement sec authorizes administrator provide disaster assistance aquaculture enterprises small businesses subtitle small business regulatory relief sec requires federal agency final regulatory flexibility analysis accompanying final rule contain agency response comments filed sba chief counsel advocacy response proposed rule detailed statement change proposed rule final rule result comments sec amends federal law require budget submitted president include separate statement appropriations requested shall designated separate account general_fund treasury authorizes appropriations subtitle appropriations provisions sec makes fy2010 appropriations sba salaries expenses small business loan guarantee enhancement extension title tax provisions creating small business jobs act subtitle small business relief providing access capital sec amends internal revenue code increase exclusion gross income gain sale exchange qualified small business stock acquired march january sec permits year carryback eligible small business credits sec sets forth special rules eligible small business credits including treating tentative alternative minimum tax amt zero prohibits treatment business credits determined respect partnership corporation eligible small business credits partners shareholders meet certain gross receipts test sec prescribes special rules temporary elimination tax net recognized built gain corporation encouraging investment sec specifies increased expensing limitations treats specified real property taxpayer election section property including qualified real property leasehold retail improvement property restaurant property character subject depreciation allowance purchased use active conduct trade business sec grants additional year depreciation basis certain qualified property placed service january sec sets forth special rule allocation long term contract bonus depreciation certain property recovery period years placed service december january january case specified property iii sec increases reduced excess expenditures allowed deduction start expenditures taxable year sec authorizes appropriations ustr analyzing developing opportunities access markets foreign countries enforcing trade agreements united_states party directs ustr preference initiatives create sustain greatest number jobs united_states result greatest benefit economy consider needs small- medium sized businesses united_states respect accessing markets foreign countries enforcement trade agreements united_states party promoting small business fairness sec limits penalty failure disclose reportable transaction tax return statement decrease tax resulting transaction sets minimum penalty case natural person sec revises special rules health insurance costs self employed individuals allow deduction self employment income ordinarily disallowed costs computing self employment taxes sec removes cellular telephones similar telecommunications equipment definition listed property respect limitation computation alternative depreciation system deduction business income listed property business use exceed subtitle revenue provisions reducing tax gap sec states purposes mandatory information returns person receiving rental income real estate specified exceptions shall considered engaged trade business renting property sec increases penalties failure file correct information returns furnish correct payee statements requires inflation adjustments penalties sec requires commissioner internal_revenue report annually house_committee ways_and_means senate_committee_on_finance penalties assessed certain abusive tax shelters reportable transactions sec states requirements governing notice opportunity hearing imposition tax levy apply secretary treasury served federal contractor levy promoting retirement preparation sec permits participants government section plans deferred compensation plans state local governments tax exempt organizations treat elective deferrals roth ira contributions subject immediate taxation sec includes taxable gross income certain rollovers elective deferral plans designated roth ira accounts sec includes gross income received annuity annuity endowment life insurance contract prescribes treatment partial iii closing unintended sec excludes fuel acid number greater crude oil meaning cellulosic biofuel eligible cellulosic biofuel producer tax credit alcohol fuel sec treats income sourced united_states amounts received noncorporate resident domestic foreign corporation provision guarantee indebtedness connected income effectively connected treated conduct trade business united_states treats income sourced outside united_states amounts received directly indirectly foreign person provision guarantee indebtedness amounts derived sources united_states time payment corporate estimated taxes sec increases estimated tax installment quarter corporations assets billion title iii state small business credit initiative state small business credit initiative act sec establishes seven year secretary treasury shall allocate federal funds fy2009 fy2010 participating states capital access programs sec prescribes eligibility criteria state capital access programs providing portfolio insurance business loans requires portfolio insurance based separate loan loss reserve fund financial institution premiums paid financial institution lenders business borrowers reserve fund loans enrolled state contributions reserve fund amounts equal premium charges limits portfolio insurance loans million borrowers employees fewer time loan enrolled program requires secretary federal contributions state capital access program meeting specified minimum requirements requires applicant state report secretary plans use federal contributions reserve fund provide access capital small businesses low- moderate income minority underserved communities including women- minority owned small businesses sec authorizes participating state establishes new existing eligible credit support program apply secretary approval state credit support program federal contributions account state program requires state credit support program eligibility criteria demonstrate dollar public investment state program cause result dollar new private credit reasonable expectation considered state programs ability use new federal contributions cause result amounts new small business lending times new federal contribution requires program extend credit support borrowers average size fewer employees event borrowers employees requires credit support target loans average principal million event million sec requires participating states file quarterly use federal funds reports sec authorizes reduction termination federal allocations participating state termination participation program failure submit timely complete reports noncompliance terms allocation agreement sec directs secretary establish minimum national standards approved state programs provide states technical assistance starting programs generally disseminating best practices makes appropriations terminates program end seven years title small business lending fund sec establishes treasury cover purchases preferred stock financial instruments eligible insured depository institutions bank holding companies savings loan holding companies community development financial institution loan funds total assets billion authorizes secretary treasury establish small_business_lending_fund_program limits aggregate purchases billion requires funds received secretary connection purchases paid general fund treasury reduction public debt prohibits value purchases secretary implementing program purchases community development loan funds instructs secretary develop specified eligibility criteria determine financial ability participate program repay investment requires participating program submit audited financial statements secretary clean audit opinion years operating experience allows eligible institutions assets billion apply capital investment fund exceeding percent risk weighted assets allows eligible institutions assets billion billion apply capital investment fund percent risk weighted assets prescribes requirements treatment assets holding companies institutions controlled holding companies requires applicant institution including state chartered bank submit small business lending plan describing business strategy operating goals address needs small businesses areas serves plan provide linguistically culturally appropriate outreach permits apply capital investment fund exceeding total assets declares ineligible capital investment fund institution federal_deposit_insurance_corporation fdic problem bank list removed list days prescribes requirements governing financial instruments issued treasury eligible institution receiving capital investment including sets forth financial incentives small business lending institutions sets year deadline repayment capital investment program sets forth requirements governing financial instruments issued loan fund receiving capital investment program makes incentives contingent increase number loans requires secretary issue regulations guidance permit eligible institutions refinance securities issued treasury troubled_asset_relief_program tarp established emergency_economic_stabilization_act eesa securities issued program prohibits participation certain participants directs secretary require capital investment recipients provide linguistically culturally appropriate outreach advertising applicant pool media outlets target organizations trade associations individuals represent work members minority communities women veterans requires appropriate federal banking agency eligible institution receives funds program issue guidance mandatory prudent underwriting standards loans makes sec instructs secretary exercising authorities granted title consideration things increasing opportunity small business development areas high unemployment rates exceed national average sec establishes program oversight instructs appoint special deputy inspector general program oversight lead office audit investigate purchases financial instruments program office sec makes appropriations pay costs billion capital investments eligible institutions capital investments program administration sec terminates authority capital investments eligible institutions year enactment act separate distinct tarp states institution shall considered tarp recipient virtue capital investment act sec directs secretary study impact program women owned businesses veteran owned businesses minority owned businesses disaggregate study results ethnic group gender sec expresses sense congress fdic bank regulators sending mixed messages banks regulatory capital requirements lending standards contributing cause decreased small business lending increased regulatory uncertainty community banks subtitle provisions small business export promotion initiatives export promotion act sec directs secretary commerce secretary increase number time departmental employees primary responsibilities involve promoting facilitating participation businesses global marketplace facilitating entry expansion participation requires secretary ensure global marketplace promotional activities include promoting facilitating participation small medium sized manufacturing businesses authorizes appropriations fy2011 fy2012 instructs secretary obligating expending funds funds programs act preference activities assist small- medium sized businesses united_states create sustain greatest number jobs united_states obtain maximum return investment authorizes appropriations sec authorizes appropriations department_of_commerce fy2011 fy2012 improve access global marketplace goods services provided rural businesses sec authorizes appropriations expand joint program hollings_manufacturing_extension_partnership_program sec authorizes appropriations manufacturing services unit international_trade_administration department_of_commerce establish public private partnerships sec amends national_institute_of_standards_and_technology_act authorize director national_institute_of_standards_and_technology nist making awards creation support regional centers transfer manufacturing technology consider applicant significant potential enhancing competitiveness small- medium sized manufacturers global marketplace preference applicants projects authorizes director making awards technology innovation program question consideration sec expresses sense senate secretary commerce enhance federal collaboration states export promotion issues taking specified steps sec directs secretary report congress tariff nontariff barriers imposed colombia republic_of_korea panama respect exports firms including small- medium sized manufacturing firms sec directs secretary health_and_human_services hhs secretary use predictive modeling analytics technologies predictive analytics technologies identify improper claims reimbursement prevent payment claims medicare fee service program prescribes requirements predictive analytics technologies requirements implementation years sets forth requirements contractor selection qualifications data access requirements makes appropriations program title budgetary provisions declares budgetary effects act purpose complying statutory pay act shall determined reference latest statement titled budgetary effects paygo legislation


Summary: Investor Deposit Yardstick Act - Extends retroactively the increase in the standard maximum deposit insurance amount pursuant to the Emergency Economic Stabilization Act of 2008 (EESA) to include depositors in any institution for which the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008. Directs the FDIC to take necessary actions to carry out deposit insurance requirements under the Federal Deposit Insurance Act (FDIA) with respect to such depositors, without regard to any time limitations under such Act. Deems any payment on a deposit claim made by FDIC as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the FDIC's appointment as receiver or conservator to be part of the net amount due to the depositor under the FDIA.

investor deposit retroactively increase standard maximum deposit insurance pursuant emergency_economic_stabilization_act eesa include institution federal_deposit_insurance_corporation fdic appointed receiver conservator january october directs fdic necessary actions carry deposit insurance requirements federal_deposit_insurance_act fdia respect regard time limitations act deems payment deposit claim fdic receiver conservator depositor standard maximum deposit insurance effect time fdic appointment receiver conservator net depositor fdia


Summary: Transaction Account Guarantee Program Act of 2010 - Amends the Federal Deposit Insurance Act to establish the Transaction Account Guarantee (TAG) Program to provide a full guarantee for funds held in noninterest-bearing transaction accounts of insured depository institutions participating in the TAG Program. Requires an insured depository institution that wishes to participate in the TAG Program to submit an application to the Federal Deposit Insurance Corporation (FDIC). Allows an insured depository institution to opt-out of the TAG Program. Directs the FDIC to levy assessments on those insured depository institutions participating in the TAG Program.

transaction account guarantee program act amends federal_deposit_insurance_act establish tag program provide guarantee funds held noninterest bearing transaction accounts insured depository institutions participating tag program requires insured depository institution wishes participate tag program submit application federal_deposit_insurance_corporation fdic allows insured depository institution opt tag program directs fdic levy assessments insured depository institutions participating tag program


Summary: Predatory Lending Sunset Act - Amends the Truth in Lending Act to limit the maximum interest rate which a creditor may charge on a covered consumer credit loan of up to $3,000 to an annual percentage rate (APR) of 36%. Prohibits a creditor from extending a covered loan with respect to which the creditor uses as security either: (1) access to a borrower's financial account; or (2) the title of a vehicle. Amends the Electronic Fund Transfer Act to prohibit a remotely created check that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied by the person from whose account the check is to be paid. Declares unenforceable, with respect to any consumer, any contract made in violation of this Act.

predatory lending sunset act amends truth lending act limit maximum interest rate creditor charge covered consumer credit loan annual percentage rate apr prohibits creditor extending covered loan respect creditor uses security access borrower financial account title vehicle amends electronic fund transfer act prohibit remotely created check created financial institution holds customer account check paid bear signature applied person account check paid declares unenforceable respect consumer contract violation act


Summary: Commercial Real Estate Stabilization Act of 2010 - Establishes an Oversight Board to: (1) advise the Secretary of the Treasury on the Commercial Real Estate Credit Guarantee Program (established by this Act); and (2) report quarterly to Congress on the Program and on the current state of the credit system in the United States with respect to commercial lending, small business, and commercial real estate lending. Directs the Secretary to establish the Commercial Real Estate Credit Guarantee Program, under which the Secretary shall guarantee payments of interest and principal on an approved credit instrument. Requires 50% of the Program to be used for small- and mid-sized institutions. Permits loans for either owner-occupied or nonowner-occupied commercial real estate. States that guarantees issued under this Act constitute general obligations of the United States, for which the full faith and credit of the United States is pledged. Expresses the intent of Congress that the Program be utilized when such utilization proves beneficial, and not be unduly inhibited by concerns related to potential unfavorable regulatory accounting treatment.

establishes advise secretary treasury established act report quarterly congress program current state credit system united_states respect commercial lending small business commercial real estate lending directs secretary establish secretary shall guarantee payments interest principal approved credit instrument requires program small- mid sized institutions permits loans owner occupied occupied commercial real estate states guarantees issued act constitute general obligations united_states faith credit united_states pledged expresses intent congress program utilized utilization proves beneficial unduly concerns related potential regulatory accounting treatment


Summary: Extends through September 30, 2010, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through July 31, 2010, under the Small Business Act or the Small Business Investment Act of 1958.

extends september terms conditions authorization program authority provision including pilot program currently authorized july small business act small_business_investment_act


Summary: Supporting Entrepreneurial Economic Development Act or SEED Act - Amends the Public Works and Economic Development Act of 1965 to allow a recipient of an economic adjustment grant to directly expend or redistribute grant funds to public and private organizations in the form of non-debt financing of for-profit companies in business incubators. Defines: (1) "business incubator" to mean an organization or entity, including an academic institution, established to foster the startup of businesses or accelerate the growth of fledgling companies by providing entrepreneurs with resources and services to produce viable businesses that can help create jobs and restore vitality to distressed areas; and (2) "non-debt financing" to mean funding used to help business incubators develop an idea and create the first product to be brought to market for the first time.

public_works_and_economic_development_act allow recipient economic adjustment grant directly expend redistribute grant funds public private organizations form non debt financing profit companies business incubators defines business incubator mean organization entity including academic institution established foster startup businesses accelerate growth companies providing entrepreneurs resources services produce viable businesses help create jobs restore vitality distressed areas non debt financing mean funding help business incubators develop idea create product brought market time


Summary: Investing in American Jobs and Closing Tax Loopholes Act of 2010 - Amends the Internal Revenue Code to: (1) extend through 2012 the period for issuing Build America Bonds and for making payments to issuers of such bonds; (2) allow financing of levees and other flood control projects with such Bonds; (3) exempt private activity bonds for sewage and water supply facilities from otherwise applicable state volume caps and allow Indian tribal governments to issue tax-exempt private activity bonds to provide water or sewage facilities; (4) extend through 2011 the exemption of interest on tax-exempt bonds from the alternative minimum tax (AMT); (5) extend through 2011 the period for issuing recovery zone economic development bonds and recovery zone bonds; (6) allow a full offset against the AMT for new market tax credit amounts attributable to qualified equity investments initially made before January 1, 2012; and (7) extend through 2011 the tax exemption allowed for interest on bonds guaranteed by a federal home loan bank and small issuer rules for the allocation of tax-exempt interest expense by financial institutions. Amends title IV, part A (Block Grants to States for Temporary Assistance for Needy Families) of the Social Security Act to: (1) rename the Emergency Contingency Fund for State Temporary Assistance for Needy Family Programs as the Emergency Fund for Job Creation and Assistance; and (2) extend appropriations for such Fund through FY2011. Amends the Internal Revenue Code, with respect to the taxation of foreign income and the foreign tax credit, to: (1) suspend the recognition of foreign tax credits until the related foreign income is taken into account for U.S. tax purposes; (2) deny a foreign tax credit for foreign income not subject to U.S. taxation due to a covered asset acquisition (defined as an acquisition that results in an increase in tax basis for U.S. tax purposes but not for foreign tax purposes); (3) apply a separate foreign tax credit limitation for each item of income that would be treated as derived from sources within the United States and that would be treated as arising from sources outside the United States under a treaty obligation (if the taxpayer chooses the benefits of such treaty); (4) limit the amount of foreign tax credits that may be claimed by a U.S. domestic corporation with respect to a deemed dividend paid by a foreign subsidiary; (5) prevent a reduction in earnings in profits of a foreign corporation in an acquisition if more than 50% of the dividends arising from such acquisition would not be subject to U.S. taxation or would be includible in the earnings and profits of a controlled foreign corporation; (6) treat a foreign corporation as a member of an affiliated group for interest allocation and apportionment purposes if more than 50% of its gross income is effectively connected with a U.S. trade or business and at least 80% of either the vote or value of its outstanding stock is owned directly or indirectly by members of the affiliated group; (7) repeal tax rules exempting foreign source income attributable to the active conduct of a foreign trade or business from withholding of tax requirements; (8) treat as income received in the United States amounts received from noncorporate residents or domestic corporations with respect to guarantees and amounts paid by any foreign person if such amounts are connected with income that is effectively connected with the conduct of a trade or business in the United States; and (9) provide that the statute of limitations for assessing any tax on certain foreign transactions shall apply only to items related to a failure to provide information to the Internal Revenue Service (IRS) due to reasonable cause and not willful neglect. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010. Increases by 3% the estimated tax payment of corporations with assets of not less than $1 billion in the third quarter of 2015.

investing american jobs closing tax loopholes_act amends internal revenue code extend period issuing build america bonds making payments issuers bonds allow financing levees flood control projects bonds exempt private activity bonds sewage water supply facilities applicable state volume caps allow indian tribal governments issue tax exempt private activity bonds provide water sewage facilities extend exemption interest tax exempt bonds alternative minimum tax amt extend period issuing recovery zone economic development bonds recovery zone bonds allow offset amt new market tax credit amounts attributable qualified equity investments initially january extend tax exemption allowed interest bonds guaranteed federal home loan bank small issuer rules allocation tax exempt interest expense financial institutions amends title block grants states temporary assistance needy families social security act rename emergency contingency fund state temporary assistance needy family programs assistance extend appropriations fund fy2011 amends internal revenue code respect taxation foreign income foreign tax credit suspend recognition foreign tax credits related foreign income taken account tax purposes deny foreign tax credit foreign income subject taxation covered asset acquisition defined acquisition results increase tax basis tax purposes foreign tax purposes apply separate foreign tax credit limitation item income treated derived sources united_states treated arising sources outside united_states treaty obligation taxpayer chooses benefits treaty limit foreign tax credits claimed domestic corporation respect deemed dividend paid foreign subsidiary prevent reduction earnings profits foreign corporation acquisition dividends arising acquisition subject taxation includible earnings profits controlled foreign corporation treat foreign corporation member affiliated group interest allocation apportionment purposes gross income effectively connected trade business vote value outstanding stock owned directly indirectly members affiliated group repeal tax rules exempting foreign source income attributable active conduct foreign trade business withholding tax requirements treat income received united_states amounts received noncorporate residents domestic corporations respect guarantees amounts paid foreign person amounts connected income effectively connected conduct trade business united_states provide statute limitations assessing tax certain foreign transactions shall apply items related failure provide information internal_revenue_service irs reasonable cause willful neglect provides compliance budgetary effects act statutory pay act increases estimated tax payment corporations assets billion quarter


Summary: FFSCC Act of 2010 - Authorizes the Comptroller of the Currency to provide for the organization, incorporation, examination, operation, regulation, and chartering of Federal Financial Services and Credit Companies (FFSCCs) to: (1) extend short-term and long-term credit; and (2) implement financial literacy programs. Imposes an annual fee upon FFSCCs payable to the Comptroller to offset the cost of implementing this Act. Directs the Comptroller to: (1) study rates and terms used in the extension of credit; and (2) develop a suite of FSCC financial products that will be fair to underbanked persons and economically viable for FFSCCs to offer.

act authorizes comptroller currency provide organization incorporation examination operation regulation chartering extend short term long term credit implement financial literacy programs imposes annual fee payable comptroller offset cost implementing act directs comptroller study rates terms extension credit develop suite financial products fair persons economically viable offer


Summary: American Metalworking Manufacturers Support Act - Directs the Administrator of the Small Business Administration (SBA) to: (1) carry out a program to provide business stabilization loans to viable small metalworking businesses that have a qualifying SBA small business loan and are experiencing immediate financial hardship; and (2) establish a technical assistance program to assist a bank or other financial institution to provide such loans to such businesses. Prohibits the Administrator from charging any loan fees. Makes specified funds available to the Secretary of the Treasury for the loan program. Limits each loan to a maximum of $3 million and 18 months, without interest. Amends the Internal Revenue Code to provide a small metalworking business tax credit of 30% of the amount paid or incurred for metal parts, components, or assemblies produced for the taxpayer under a contract between the taxpayer and a small metalworking business.

manufacturers support act directs administrator small_business_administration sba carry program provide business stabilization loans viable small businesses qualifying sba small business loan experiencing immediate financial hardship establish technical assistance program assist bank financial institution provide loans businesses prohibits administrator charging loan fees makes specified funds available secretary treasury loan program limits loan maximum million months interest amends internal revenue code provide small business tax credit paid incurred metal parts components assemblies produced taxpayer contract taxpayer small business


Summary: Financial Industry Transparency Act of 2010 - Amends the Financial Stability Act of 2010 to instruct the Financial Stability Oversight Council (Council) to adopt, according to specified requirements, data standards for all financial data received by it or by the Office of Financial Research (Office). Directs the Board of Governors of the Federal Reserve System (Board) to adopt data standards for financial data regularly submitted to it by any nonbank financial company, savings and loan holding company or subsidiary (other than a depository institution), financial market utility, or institution under the Payment, Clearing, and Settlement Supervision Act of 2010. Amends the Federal Reserve Act to direct the Board to ensure that the information provided on its Web site as required by statute is available in a format consistent with a financial data standard. Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation (FDIC) to adopt data standards for all financial data that it receives from any financial company or submits to Congress under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Amends the Revised Statutes of the United States to instruct the Comptroller of the Currency to adopt data standards for all financial data regularly filed with the Comptroller by any financial institution. Amends the Investment Advisers Act of 1940 to require the Securities and Exchange Commission (SEC) to adopt a data standard for any financial data that is included in reports filed with it by investment advisers. Amends the Securities Exchange Act of 1934 to direct the SEC to adopt a data standard for: (1) all quantitative data that nationally recognized statistical rating organizations (NRSROs) are required to either submit to the Commission, or to disclose publicly; (2) mandatory periodic and current corporate reports; (3) corporate proxy and consent solicitation materials; and (4) the reporting of security-based swap transactions. Amends the Securities Act of 1933 to direct the SEC to adopt a data standard for asset-backed securities disclosures and for corporate registration statements. Amends United States Monetary Code to direct the Office of National Insurance to adopt a data standard for all financial data that it requires any insurer or affiliate to submit directly to it. Requires all these agencies to ensure the public accessibility of financial data subject to their standards. Amends the Commodity Exchange Act to direct the Commodities Future Trading Commission (CFTC) to adopt a standard for swap transaction data that is subject to specified public availability requirements.

transparency act amends financial stability act instruct adopt according specified requirements data standards financial data received directs board_of_governors federal_reserve_system board adopt data standards financial data regularly submitted nonbank financial company savings loan holding company subsidiary depository institution financial market utility institution settlement supervision act amends federal_reserve_act direct board ensure information provided web site required statute available format consistent financial data standard amends federal_deposit_insurance_act direct federal_deposit_insurance_corporation fdic adopt data standards financial data receives financial company submits congress dodd-frank_wall_street_reform consumer protection act amends revised statutes united_states instruct comptroller currency adopt data standards financial data regularly filed comptroller financial institution amends investment advisers act require securities_and_exchange_commission sec adopt data standard financial data included reports filed investment advisers amends securities_exchange_act direct sec adopt data standard quantitative data nationally recognized statistical rating organizations nrsros required submit commission disclose publicly mandatory periodic current corporate reports corporate proxy consent solicitation materials reporting security based swap transactions amends securities act direct sec adopt data standard asset backed securities disclosures corporate registration statements amends direct adopt data standard financial data requires insurer affiliate submit directly requires agencies ensure public accessibility financial data subject standards amends commodity_exchange_act direct commodities future trading commission cftc adopt standard swap transaction data subject specified public availability requirements


Summary: Small Business Jobs Amendments Act of 2010 - Amends the Small Business Jobs Act of 2010 with respect to the Small Business Lending Fund Program (Program) to: (1) remove the requirement that a community development loan fund (CDLF) be a tax-exempt entity; (2) include as an eligible institution under the Program any small business lending company that has total assets equal to or less than $10 billion; and (3) include as authorized small business lending nonowner-occupied commercial real estate loans. Directs the Secretary of the Treasury to develop eligibility criteria to determine the financial ability of a CDLF to participate in the Program. Allows CDLFs to apply to receive from the Small Business Lending Fund up to 10% (current law allows up to 5%) of the total assets of the CDLF for investment in small businesses. Provides: (1) dividend and interest incentives for participating loan institutions based on increases in small business lending; and (2) an authorized alternative computation of small business lending by such institutions. Requires eligible institutions to: (1) provide Program outreach to Indian tribes; and (2) include on its Internet website a statement that the institution is seeking to make small business loans and may not discriminate on the basis of race, color, religion, national origin, sex, marital status, or age. Requires the Secretary, in exercising loan authorities, to consider increasing the availability of credit for small businesses operating on tribal trust lands or other Indian areas. Authorizes an eligible institution to temporarily amortize, for up to a 10-year period, any loan loss or write-down in order to increase the availability of credit for small businesses.

small business jobs amendments act amends small business jobs act respect remove requirement community development loan fund tax exempt entity include eligible institution program small business lending company total assets equal billion include authorized small business lending occupied commercial real estate loans directs secretary treasury develop eligibility criteria determine financial ability participate program allows apply receive current law allows total assets investment small businesses provides dividend interest incentives participating loan institutions based increases small business lending authorized alternative computation small business lending institutions requires eligible institutions provide program outreach indian tribes include internet website statement institution seeking small business loans discriminate basis race color religion national origin sex marital status age requires secretary exercising loan authorities consider increasing availability credit small businesses operating tribal trust lands indian areas authorizes eligible institution temporarily amortize year period loan loss write order increase availability credit small businesses


Summary: Small Business Fairness Act of 2010 - Amends the Small Business Act to permit a federal agency to count toward its federal small business procurement and services contracting goals a contract between that agency and a small business teaming arrangement entity, to the extent that the obligations of such entity are performed by a qualified HUBZone small business or a small business owned and controlled by service-disabled veterans, socially and economically disadvantaged individuals, or women. Includes as a qualified HUBZone small business an Alaska Native Corporation and a small business wholly owned by one or more Indian tribal governments.

small business fairness act amends small business act permit federal agency count federal small business procurement services contracting goals contract agency small business teaming arrangement entity extent obligations entity performed qualified hubzone small business small business owned controlled service disabled veterans socially economically disadvantaged individuals women includes qualified hubzone small business alaska_native_corporation small business wholly owned indian tribal governments


Summary: Kids IRA Act of 2010 or the K-IRA Act - Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 26, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows an income-based tax deduction for contributions to such accounts, up to $5,000 in any taxable year.

kids ira act ira act amends internal revenue code establish tax exempt individual retirement account taxpayers age known young savers account treats accounts roth individual retirement accounts income tax purposes allows income based tax deduction contributions accounts taxable year


Summary: American Community Investment Reform Act of 2010 - Revises the Community Reinvestment Act of 1977 with regard to assessments of regulated financial institutions. Revises the list of appropriate federal financial supervisory agencies to include: (1) the Bureau of Consumer Financial Protection (established by the Dodd-Frank Wall Street Reform and Consumer Protection Act); and (2) the Securities and Exchange Commission (SEC) with regard to any U.S. nonbank financial company for which the SEC acts as the primary financial regulatory agency, and any broker or dealer that is a member of the Securities Investor Protection Corporation. Specifies the Board of Governors of the Federal Reserve System as the appropriate federal financial supervisory agency for securities holding companies, and, in consultation with its primary financial regulatory agency, any regulated financial institution not otherwise indicated. Specifies the community development and other related activities of a regulated financial institution or a U.S. nonbank financial company, including lending and investment in low- and moderate-income and other traditionally underserved neighborhoods, which the appropriate federal financial supervisory agency is required to assess. Requires the examination of a regulated financial institution to: (1) take into consideration public comments on its record of meeting the credit or other financial needs of its entire community; and (2) require an improvement plan for an institution that receives certain low ratings. Prescribes requirements for an improvement plan, including availability for public comment. Revises requirements for assessment of the record of a regulated financial institution that is a nonminority-owned, nonwomen-owned institution and that is not a certified community development financial institution. Requires the appropriate federal financial supervisory agency, in assessing the record of a regulated financial institution, to consider the complexity, innovativeness, effectiveness of its efforts in meeting particularly difficult community needs, or any significant effort extended in specific loans, investments, or services. Requires the evaluation of a depository institution holding company to incorporate evaluations of its subsidiary regulated financial institutions. Requires the public section of the written evaluation of a regulated financial institution to disclose whether it provided, or offered to provide, a consumer financial product that the Bureau of Consumer Financial Protection has determined is unfair, deceptive, or abusive. Replaces the top rank "outstanding record of meeting community credit needs" rating for an institution with the current second rank rating of "satisfactory record." Makes the second rank rating now "sufficient record of meeting community credit or other financial needs." Requires the appropriate federal financial supervisory agencies to develop and implement a process to permit a regulated financial institution to apply for a rating of "outstanding record of meeting community credit or other financial needs." Reserves an "outstanding" rating to an applicant that significantly exceeds the requirements for receiving a "satisfactory" rating and meets other specified criteria. Allows the supervisory agency to consider community development activities and investments made outside the institution's service area if the financial institution has adequately met the needs of its local assessment area. Requires the recipient of an "outstanding rating" to be given preference over lower-rated regulated financial institutions in connection with the award of government contracts. Specifies the effect of a "satisfactory" rating. Prohibits the award of government contracts to, and certain other actions by, any regulated financial institution that receives a rating of: (1) "needs to improve record of meeting community credit or other financial needs" or lower on its two most recent performance evaluations; or (2) "substantial noncompliance in meeting community credit or other financial needs" on its most recent performance evaluations.

revises community reinvestment act regard assessments regulated financial institutions revises list appropriate federal financial supervisory agencies include bureau_of_consumer_financial_protection established dodd frank wall street reform consumer protection act securities_and_exchange_commission sec regard nonbank financial company sec acts primary financial regulatory agency broker dealer member specifies board_of_governors federal_reserve_system appropriate federal financial supervisory agency securities holding companies consultation primary financial regulatory agency regulated financial institution indicated specifies community development related activities regulated financial institution nonbank financial company including lending investment low- moderate income traditionally underserved neighborhoods appropriate federal financial supervisory agency required assess requires examination regulated financial institution consideration public comments record meeting credit financial needs entire community require improvement plan institution receives certain low ratings prescribes requirements improvement plan including availability public comment revises requirements assessment record regulated financial institution owned owned institution certified community development financial institution requires appropriate federal financial supervisory agency assessing record regulated financial institution consider complexity effectiveness efforts meeting particularly difficult community needs significant effort extended specific loans investments services requires evaluation depository institution holding company incorporate evaluations subsidiary regulated financial institutions requires public section written evaluation regulated financial institution disclose provided offered provide consumer financial product bureau_of_consumer_financial_protection determined unfair deceptive abusive replaces rank outstanding record meeting community credit needs rating institution current second rank rating satisfactory record makes second rank rating sufficient record meeting community credit financial needs requires appropriate federal financial supervisory agencies develop implement process permit regulated financial institution apply rating outstanding record meeting community credit financial needs reserves outstanding rating applicant significantly exceeds requirements receiving satisfactory rating meets specified criteria allows supervisory agency consider community development activities investments outside institution service area financial institution adequately met needs local assessment area requires recipient outstanding rating given preference lower rated regulated financial institutions connection award government contracts specifies effect satisfactory rating prohibits award government contracts certain actions regulated financial institution receives rating needs improve record meeting community credit financial needs lower recent performance evaluations substantial noncompliance meeting community credit financial needs recent performance evaluations


Summary: Truth in Bailouts Act - Amends the Emergency Economic Stabilization Act of 2008 to require any financial institution in which the Treasury holds an equity or debt position acquired under the Troubled Asset Relief Program (TARP) to provide the following displays: (1) at each of its places of business, signs disclosing, in a clear and conspicuous manner, the statement "This institution has received financial assistance from the Federal Government under the Troubled Asset Relief Program and has not yet repaid the taxpayers"; and (2) on the main page of its website, the same disclosure in a clear and conspicuous manner.

truth emergency economic stabilization act require financial institution treasury holds equity debt position acquired troubled_asset_relief_program tarp provide following displays places business signs disclosing clear conspicuous manner statement institution received financial assistance federal_government troubled_asset_relief_program repaid taxpayers main page website disclosure clear conspicuous manner


Summary: Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client.

amends federal_deposit_insurance_act amended dodd frank wall street reform consumer protection act treat noninterest bearing transaction account fully insurable federal_deposit_insurance_corporation fdic functionally equivalent account established attorney law firm behalf client