To amend the Small Business Investment Act of 1958 to encourage investments in minority small businesses, and for other purposes.

Summary

Amends the Small Business Investment Act of 1958 to provide that if the Small Business Administration (SBA) guarantees debentures issued by small business investment companies (SBICs) then the SBA shall make payments in amounts which reduce the effective interest rate to be paid under such debentures by an SBIC. Declares that, solely for regulatory purposes, government funds received from sources other than the SBA shall be included in determining an SBIC's private capital if the funds were invested prior to the enactment of such Act.

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Timeline

1. 21 July 1989

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 21 July 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 July 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 August 1989

   Committee

   Committee Hearings Held.

   Source: Committee

5. 21 November 1989

   Committee

   See H.R.2991.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 July 1989

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• · hssm00 · Standing

Related records

• related to ← Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1990