United States · Bill · S
S. 1239 (94th)
A bill to amend the Small Business Investment Act of 1958 to authorize small business investment companies to charge higher rates of interest.
Introduced
19 March 1975
Last action
—
Status
Referred to Senate Committee on Banking, Housing and Urban Affairs.
Sponsors
—
Subjects
Discovery layer
Source updated
14 January 2025
Summary
Provides, under the Small Business Investment Act, that small business investment companies may, in any State prescribing a lower rate than permitted by such Act, provide financing in amounts of $25,000 or more at a rate of interest of not more than five percent in excess of the discount rate on 90-day commercial paper in effect at the Federal Reserve district where the small business investment company is located.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
1 official file
Introduced in Senate
summary · EN · 19 March 1975
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/1239
- Open data entity: https://api.congress.gov/v3/bill/94/s/1239