text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Small Business Access to Capital Act 
  of 2009''.
  
  SEC. 2. SECTION 7(A) BUSINESS LOANS.
  
      Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is 
  amended--
              (1) in paragraph (2)(A)--
                      (A) in clause (i), by striking ``75 percent'' and 
                  inserting ``90 percent''; and
                      (B) in clause (ii), by striking ``85 percent'' and 
                  inserting ``90 percent''; and
              (2) in paragraph (3)(A), by striking ``$1,500,000 (or if 
          the gross loan amount would exceed $2,000,000'' and inserting 
          ``$4,500,000 (or if the gross loan amount would exceed 
          $5,000,000''.
  
  SEC. 3. LOW INTEREST REFINANCING UNDER THE LOCAL DEVELOPMENT BUSINESS 
                LOAN PROGRAM.
  
      Section 502(7) of the Small Business Investment Act of 1958 (15 
  U.S.C. 696(7)) is amended by adding at the end the following:
                      ``(C) Refinancing not involving expansions.--
                              ``(i) In general.--A project that does not 
                          involve the expansion of a small business 
                          concern may include the refinancing of existing 
                          indebtedness if--
                                      ``(I) the amount of the financing 
                                  is not more than 80 percent of the 
                                  value of the collateral for the 
                                  financing;
                                      ``(II) the small business concern 
                                  has been in operation for all of the 2-
                                  year period ending on the date of the 
                                  financing;
                                      ``(III) the existing indebtedness 
                                  was not incurred during the 2-year 
                                  period ending on the date of the 
                                  financing;
                                      ``(IV) the existing indebtedness is 
                                  not subject to a guarantee by any 
                                  Federal agency; and
                                      ``(V) for a loan for which the 
                                  Administrator determines there will be 
                                  an additional cost for making a loan 
                                  that includes the refinancing of the 
                                  existing indebtedness, the borrower 
                                  agrees to pay a fee in an amount equal 
                                  to the anticipated additional cost.
                              ``(ii) No job creation goals.--A financing 
                          may be approved under this subparagraph 
                          regardless of whether the project meets the job 
                          creation goals under subsection (d) or (e) of 
                          section 501.''.
  
  SEC. 4. MICROLOANS.
  
      (a) Marketing, Management, and Technical Assistance Grants.--
  Section 7(m)(4) of the Small Business Act (15 U.S.C. 636(m)(4)) is 
  amended--
              (1) in subparagraph (A)--
                      (A) in the first sentence, by striking ``and 
                  subject to subparagraph (B)''; and
                      (B) in the second sentence--
                              (i) by striking ``each intermediary meeting 
                          the requirements of subparagraph (B)'' and 
                          inserting ``an intermediary''; and
                              (ii) by striking ``25 percent'' and 
                          inserting ``50 percent'';
              (2) by striking subparagraph (B); and
              (3) by striking subparagraph (C)(iii).
      (b) Microloan Amounts.--Section 7(m) of the Small Business Act (15 
  U.S.C. 636(m)) is amended--
              (1) in paragraph (1)(B)(iii), by striking ``$35,000'' and 
          inserting ``$50,000'';
              (2) in paragraph (3)(E), by striking ``$35,000'' each place 
          it appears and inserting ``$50,000''; and
              (3) in paragraph (11)(B), by striking ``$35,000'' and 
          inserting ``$50,000''.
  
  SEC. 5. MAXIMUM LOAN AMOUNTS UNDER 504 PROGRAM.
  
      Section 502(2)(A) of the Small Business Investment Act of 1958 (15 
  U.S.C. 696(2)(A)) is amended--
              (1) in clause (i), by striking ``$1,500,000'' and inserting 
          ``$5,000,000'';
              (2) in clause (ii), by striking ``$2,000,000'' and 
          inserting ``$5,000,000''; and
              (3) in clause (iii), by striking ``$4,000,000'' and 
          inserting ``$5,500,000''.
  
  SEC. 6. NEW MARKETS VENTURE CAPITAL COMPANY INVESTMENT LIMITATIONS.
  
      Section 355 of the Small Business Investment Act of 1958 (15 U.S.C. 
  689d) is amended by adding at the end the following:
      ``(e) Investment Limitations.--
              ``(1) Definition.--In this subsection, the term `covered 
          New Markets Venture Capital company' means a New Markets 
          Venture Capital company--
                      ``(A) granted final approval by the Administrator 
                  under section 354(e) on or after March 1, 2002; and
                      ``(B) that has obtained a financing from the 
                  Administrator.
              ``(2) Limitation.--Except to the extent approved by the 
          Administrator, a covered New Markets Venture Capital company 
          may not acquire or issue commitments for securities under this 
          title for any single enterprise in an aggregate amount equal to 
          more than 10 percent of the sum of--
                      ``(A) the regulatory capital of the covered New 
                  Markets Venture Capital company; and
                      ``(B) the total amount of leverage projected in the 
                  participation agreement of the covered New Markets 
                  Venture Capital.''.
  
  SEC. 7. EXTRAMURAL RESEARCH AND DEVELOPMENT BUDGET OF THE NATIONAL 
                INSTITUTES OF HEALTH.
  
      Title VIII of division A of the American Recovery and Reinvestment 
  Act of 2009 (Public Law 111-5; 123 Stat. 176) is amended in the matter 
  under the heading ``office of the director'' under the heading 
  ``National Institutes of Health'' under the heading ``DEPARTMENT OF 
  HEALTH AND HUMAN SERVICES'', by inserting after ``638(n)(1):'' the 
  following: ``Provided further, That not later than September 30, 2010, 
  of the amount appropriated under this heading, $150,000,000 shall be 
  obligated to be expended with the programs of the National Institutes 
  of Health described in the previous proviso:''.
  
  SEC. 8. BUSINESS STABILIZATION PROGRAM.
  
      Section 506(c) of division A of the American Recovery and 
  Reinvestment Act of 2009 (Public Law 111-5; 123 Stat. 157) is amended 
  by striking ``but shall not include'' and all that follows through 
  ``enactment of this Act''.
  
  SEC. 9. PROSPECTIVE REPEALS.
  
      (a) Amendments.--
              (1) Section 7(a) business loans.--Section 7(a) of the Small 
          Business Act (15 U.S.C. 636(a)) is amended--
                      (A) in paragraph (2)(A)--
                              (i) in clause (i), by striking ``90 
                          percent'' and inserting ``75 percent''; and
                              (ii) in clause (ii), by striking ``90 
                          percent'' and inserting ``85 percent''; and
                      (B) in paragraph (3)(A), by striking ``$4,500,000'' 
                  and inserting ``$3,750,000''.
              (2) Low interest refinancing under the local development 
          business loan program.--Section 502(7) of the Small Business 
          Investment Act of 1958 (15 U.S.C. 696(7)) is amended by 
          striking subparagraph (C).
      (b) Effective Date.--The amendments made by this section shall take 
  effect on October 1, 2010.
target: Small Business Access to Capital Act of 2009 - Amends the Small Business Act to increase maximum loan amounts under the following Small Business Administration (SBA) programs: (1) the section 7(a) (general small business loans) loan program; (2) the Microloan (small-scale loans to start-up, newly-established, and growing small businesses) program; and (3) the section 504 (state and local development company) program.
  
  Amends provisions of the Small Business Investment Act of 1958 relating to the local development business loan program to allow a small business borrower under such program to refinance a previous business debt, under specified conditions.
  
  Applies single-business investment limits to SBA-recognized new markets venture capital companies.
  
  Amends the American Recovery and Reinvestment Act of 2009 to earmark certain Department of Health and Human Services (HHS) funds for specified programs of the National Institutes of Health.
  
  Repeals as of October 1, 2010: (1) the increase in section 7(a) loan amounts; and (2) the business debt refinancing authority under the local development business loan program.
feat_title: A bill to increase loan limits for small business concerns, provide for low interest refinancing for small business concerns, and for other purposes.