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United States · Bill · HR

H.R. 2766 (103rd)

To amend the 7(a) Loan Program, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

28 July 1993

Last action

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Status

Received in the Senate and read twice and referred to the Committee on Small Business.

Sponsors

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Subjects

Discovery layer

Source updated

14 January 2025

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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 maturity period of more than ten years. Directs the SBA to study, monitor, and evaluate the impact of amendments made by this Act on the ability of small businesses to obtain financing and on the effectiveness, viability, and growth of the secondary loan market authorized under the Small Business Act. Requires a report.

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Documents

8 official files

Referred in Senate (text)

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