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

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 January 1985

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 3 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 1985

   Introduced

   Introduced in House

   Source: IntroReferral

4. 18 March 1985

   Referred

   Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 3 January 1985

  Open at official source

Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• · hssm00 · Standing

Related records

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