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H.R. 7160 (97th)

A bill to amend the Small Business Act to provide assistance to areas of economic dislocation in the United States that is the result of drastic fluctuation in the value of the currency in a country contiguous to the United States.

referredUnited States· United States Congress· EN

Introduced

22 September 1982

Last action

8 October 1982 · Referred

Status

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

Sponsors

Rep. Edwards, Don [D-CA-10], Rep. Anderson, Glenn M. [D-CA-32], Rep. Beilenson, Anthony C. [D-CA-24], Rep. Brown, George E., Jr. [D-CA-42], Rep. Burton, John [D-CA-5], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Dellums, Ronald V. [D-CA-9], Rep. Dixon, Julian C. [D-CA-32], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Fazio, Vic [D-CA-3], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Lantos, Tom [D-CA-12], Rep. Martinez, Matthew G. [D-CA-31], Rep. Matsui, Robert T. [D-CA-5], Rep. Miller, George [D-CA-11], Rep. Mineta, Norman Y. [D-CA-15], Rep. Panetta, Leon [D-CA-16], Rep. Patterson, Jerry M. [D-CA-38], Rep. Roybal, Edward R. [D-CA-25], Rep. Stark, Fortney Pete [D-CA-13], Rep. Waxman, Henry A. [D-CA-33], Rep. Burton, Phillip [D-CA-6]

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Small Business Act to authorize the Small Business Administration to make loans to small businesses in areas of economic dislocation resulting from: (1) drastic fluctuation in the value of the currency; and (2) adjustments in the regulation of the monetary system of a country contiguous to the United States. Requires that such economic dislocation be of such magnitude that without the benefit of the loans under this Act a significant number of otherwise financially sound small businesses in those areas would become insolvent or would be unable to return quickly to their former level of operation. Limits each loan to a maximum of $100,000. Prohibits the use of loan proceeds to reduce other loans. Permits the deferral of loan repayment for one year.

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

Timeline

  1. 22 September 1982

    Introduced

    Referred to House Committee on Small Business.

    Source: IntroReferral

  2. 22 September 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 September 1982

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 29 September 1982

    Committee

    Hearings Held by Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems Prior to Referral.

    Source: Committee

  5. 8 October 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

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Documents

1 official file

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Sponsors

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Sources

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