A bill to amend the Small Business Act to authorize the Small Business Administration to purchase equity securities of qualified small business concerns.

referredUnited States· United States Congress· EN

Introduced

6 January 1987

Last action

—

Status

Referred to Subcommittee on SBA, and the General Economy.

Summary

Amends the Small Business Act to authorize the Small Business Administration to purchase stock from qualified small business corporations. Prohibits the purchase of such stock if the total amount outstanding and committed (by participation or otherwise) to the corporation from the business loan and investment fund exceeds $750,000. Authorizes appropriations.

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Documents

1 official file

Introduced in House
summary · EN · 6 January 1987
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/house-bill/433
Open data entity: https://api.congress.gov/v3/bill/100/hr/433