United States · Bill · HR
H.R. 1961 (99th)
A bill to amend Section 16 of the Small Business Act.
Introduced
3 April 1985
Last action
—
Status
Subcommittee Hearings Held.
Sponsors
—
Subjects
Discovery layer
Source updated
7 February 2024
Summary
Amends the Small Business Act to increase the fine from $5,000 to $50,000 and the term of imprisonment from two years to five years for individuals who overvalue any security or make false statements to the United States (currently to the Small Business Administration) for the purpose of obtaining a loan, contract, or subcontract under such Act.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 3 April 1985
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/house-bill/1961
- Open data entity: https://api.congress.gov/v3/bill/99/hr/1961