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United States · Bill · HR

H.R. 6237 (97th)

A bill to amend the Small Business Act to require that priority be given to applications for matching loans for small business concerns located in labor surplus areas.

referredUnited States· United States Congress· EN

Introduced

29 April 1982

Last action

29 April 1982 · Introduced

Status

Referred to House Committee on Small Business.

Sponsors

Rep. McDade, Joseph M. [R-PA-10], Rep. Conte, Silvio O. [R-MA-1], Rep. Stanton, J. William [R-OH-11], Rep. Broomfield, William S. [R-MI-19], Rep. Marriott, David Daniel [R-UT-2], Rep. Williams, Lyle [R-OH-17], Rep. Crane, Daniel B. [R-IL-19], Christopher Smith, Rep. Weber, Ed [R-OH-9], Rep. Siljander, Mark D. [R-MI-4], Rep. Staton, David Michael [R-WV-3], Rep. Dreier, David [R-CA-33], Rep. Molinari, Guy [R-NY-14]

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Small Business Act to require that Small Business Administration (SBA) loans be made on the following priority basis: (1) where the use of the loan will result in the creation of multiple employment opportunities in any labor surplus area; (2) where the proceeds of the SBA's share of the loan will be used to purchase, construct, or rehabilitate buildings or to purchase machinery or equipment to be located in any labor surplus area; and (3) other cases. Specifies the maximum amount of the SBA's share of any such loan. Eliminates authorizations for FY 1983 and 1984 for: (1) SBA loans to small businesses located in areas with high unemployment and low incomes or owned by low-income individuals; and (2) SBA loans to small businesses engaged in the design, manufacture, or sale of energy measures.

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

Timeline

  1. 29 April 1982

    Introduced

    Referred to House Committee on Small Business.

    Source: IntroReferral

  2. 29 April 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 April 1982

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Sponsors

Related records

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Sources

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