Small Business Recovery Act of 1991

Summary

Small Business Recovery Act of 1991 - Authorizes the Small Business Administration (SBA) to enter into agreements to participate, on a guaranteed basis, in the purchase of eligible securities issued pursuant to this Act by certain financial institutions. Sets forth participation criteria. Establishes the Regional Small Business Recovery Panel to evaluate: (1) applications submitted pursuant to this Act; (2) the type of proposed debt or equity security; and (3) claims for repurchase of approved securities by the SBA. Requires the SBA to submit a progress report to the Congress. Establishes the Regional Small Business Recovery Fund.

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Timeline

1. 25 September 1991

   Introduced

   Read twice and referred to the Committee on Small Business.

   Source: IntroReferral

2. 25 September 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 September 1991

  Open at official source

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Sponsors

• Sen. Lieberman, Joseph I. [ID-CT] · D · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Sponsor
• Sen. Chafee, John H. [R-RI] · R · Sponsor
• Sen. Rudman, Warren [R-NH] · R · Sponsor
• Sen. Smith, Bob [R-NH] · R · Sponsor
• Sen. Pell, Claiborne [D-RI] · D · Sponsor
• · sssb00 · Standing

Related records

• related to → Small Business Recovery Act of 1991