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- H.R.2766
H.R.2766: To amend the 7(a) Loan Program, and for other purposes.
About This Bill
- Introduced July 28, 1993
- Latest Major Action Aug. 4, 1993
Bill Sponsor
Bill Summary
Amends the Small Business Act to temporarily authorize the Small Business Administration (SBA) to collect a fee for loan guarantees sold into the secondary market. Requires all fees so collected to be used solely to reduce the subsidy on such guaranteed loans. Applies such fees to loans sold into secondary markets after August 31, 1993. Authorizes the SBA to temporarily reduce the guarantee percentage of loans exceeding $155,000 and having a...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Small Business.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 29 - 4.
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Mr. Lafalce moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and read twice and referred to the Committee on Small Business.
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July 28, 1993 |
Introduced in the House by John J. LaFalce (D-N.Y.) |