A bill to amend the Small Business Act to provide that, for purposes of the waiver of the $500,000 limitation on disaster loans, the owner of a building which contains the (principal) place of business of at least one-third of the private employers in a downtown business district shall be treated as a major source of employment.

Summary

Amends the Small Business Act to treat a person as a major source of employment for purposes of the waiver of the $500,000 limitation on small business disaster loans if such person owns a building which: (1) has a fair market value before a disaster occurs of at least $1,000,000; and (2) contains the principal place of business of at least one-third of the private employers in the downtown business district of any city. Provides that this Act shall apply to disasters occurring on or after January 1, 1982.

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

Timeline

1. 29 July 1982

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 29 July 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 July 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 August 1982

   Referred

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

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 29 July 1982

  Open at official source

Sponsors

• Rep. Mavroules, Nicholas [D-MA-6] · D · Sponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Sponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Cosponsor
• · hssm00 · Standing

Related records

• related to ← A bill to amend the Small Business Act to provide that, for purposes of the waiver of the $500,000 limitation on disaster loans, the owner of a building which contains the principal place of business of at least one-third of the private employers in a downtown business district shall be treated as a major source of employment.