H.R.3989: To amend the Small Business Act, and for other purposes.

About This Bill

Bill Summary

Amends the Small Business Act (the Act) to increase the loan guarantee fee authorized to be charged by the Small Business Administration (SBA) on guaranteed loans. Amends the Small Business Guaranteed Credit Enhancement Act of 1993 to extend until September 30, 1997 the authority of the SBA to collect a fee for loan guarantees sold into the secondary market. Amends the Act to: (1) increase the SBA fee charged to borrowers under the development...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Small Business.
Aug. 2, 1996

Introduced in the House by John J. LaFalce (D-N.Y.)

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