S.3172: A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.

About This Bill

Bill Summary

Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use: (1) the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions; and (2) historical data included in the FY 2003 budget. Requires the Small Business Administration (SBA), after written...

(Source: Library of Congress)

Bill Actions

Date Description
Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.
Message on Senate action sent to the House.
Received in the House.
Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Budget
Referred to House Small Business
Nov. 15, 2002

Introduced in the Senate by Christopher S. Bond (R-Mo.)

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