Small Business Export Development Act

Summary

Small Business Export Development Act - Establishes within the Small Business Administration an office of Export Development to encourage and assist small businesses interested in understanding or increasing export activities. Authorizes to be appropriated such sums as are necessary to establish such office. Requires the Export-Import Bank to provide at least $5,000,000 worth of loans, guarantees, or insurance to finance exports by small business concerns. Transfers existing SBA functions relating to disaster loans to the Secretaries of Commerce, Agriculture, and Housing and Urban Development. Provides that whenever the SBA determines that small business concerns are or are likely to be at an operational or financing disadvantage with other business concerns with respect to the planning, design, or installation of pollution control facilities, or the obtaining of private financing therefor, it may guarantee the payment of rentals or other amounts due under qualified contracts, and any such guarantee shall be for the full amount of the payments due under such qualified contract.

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Timeline

1. 17 June 1975

   Introduced

   Referred to Senate Committee on Banking, Housing and Urban Affairs.

   Source: IntroReferral

2. 17 June 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 17 June 1975

  Open at official source

Sponsors

• Sen. Morgan, Robert B. [D-NC] · D · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Cosponsor
• · ssbk00 · Standing

Related records

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