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- H.R.4686
H.R.4686: Small Business Prepayment Penalty Relief Act of 1994
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about economics and public finance
- Introduced June 30, 1994
- Latest Major Action June 30, 1994
Bill Sponsor
Bill Summary
Small Business Prepayment Penalty Relief Act of 1994 - Authorizes the Small Business Administration (SBA), upon the request of the issuer and the concurrence of the borrower, to transfer to the Federal Financing Bank such sums as necessary to reduce the interest rate on a debenture issued by a certified development company. Requires the Bank, upon receipt of such payment, to modify the interest rate for such debentures. Permits debentures...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Small Business.
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| June 30, 1994 |
Introduced in the House by John J. LaFalce (D-N.Y.) |