A bill to require the Small Business Administration to permit the deferral of payments on loans to borrowers in areas of economic distress caused by foreign currency fluctuations.

referredUnited States· United States Congress· EN

Introduced

16 July 1983

Last action

—

Status

Read twice and referred to the Committee on Small Business.

Summary

Provides that if a borrower is located in an area of economic distress resulting from the drastic fluctuation in the value of the currency and in the adjustment of monetary regulations of a foreign country, then the Small Business Administration may utilize its authority under the Small Businss Act to suspend the payments on loans made under the Act which the borrower has used to finance the sale of goods or services to an individual or business located outside the contiguous United States.

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 · 16 July 1983
Open at official 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/98th-congress/senate-bill/1632
Open data entity: https://api.congress.gov/v3/bill/98/s/1632