Small Business Recovery Act of 1991

Summary

Small Business Recovery Act of 1991 - Authorizes the Small Business Administration (SBA) to enter into agreements to participate, on a guaranteed basis, in the purchase of eligible securities issued pursuant to this Act by certain financial institutions. Sets forth participation criteria. Establishes the Regional Small Business Recovery Panel to evaluate: (1) applications submitted pursuant to this Act; (2) the type of proposed debt or equity security; and (3) claims for repurchase of approved securities by the SBA. Requires the SBA to submit a progress report to the Congress. Establishes the Regional Small Business Recovery Fund.

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Timeline

1. 25 September 1991

   Introduced

   Referred to the House Committee on Banking, Finance + Urban Affrs.

   Source: IntroReferral

2. 25 September 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 September 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 October 1991

   Referred

   Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.

   Source: Committee

5. 10 October 1991

   Referred

   Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 September 1991

  Open at official source

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Sponsors

• Rep. Mavroules, Nicholas [D-MA-6] · D · Sponsor
• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
• Rep. Zeliff, William H., Jr. [R-NH-1] · R · Sponsor
• Rep. Kennedy, Joseph P., II [D-MA-8] · D · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Olver, John W. [D-MA-1] · D · Sponsor
• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• Rep. Donnelly, Brian J. [D-MA-11] · D · Sponsor
• Rep. Machtley, Ronald K. [R-RI-1] · R · Sponsor
• Rep. Andrews, Thomas H. [D-ME-1] · D · Sponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Sponsor
• Rep. Swett, Dick [D-NH-2] · D · Sponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Sponsor
• Rep. Franks, Gary A. [R-CT-5] · R · Sponsor
• Sen. Reed, Jack [D-RI] · D · Sponsor
• Sen. Snowe, Olympia J. [R-ME] · R · Cosponsor
• · hssm00 · Standing
• · hsba00 · Standing

Related records

• related to ← Small Business Recovery Act of 1991