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United States · Bill · S

S. 408 (99th)

A bill to amend the Small Business Act to provide program levels, salary and expense levels, and authorizations for the Small Business Administration's programs for fiscal years 1986, 1987, and 1988, and for other purposes.

passedUnited States· United States Congress· EN

Introduced

6 February 1985

Last action

16 July 1985 · Vote

Status

Passed Senate with amendments and an amendment to the Title by Yea-Nay Vote. 94-3. Record Vote No: 155.

Sponsors

Sen. Weicker, Lowell P., Jr. [R-CT], Sen. Bumpers, Dale [D-AR], Sen. D'Amato, Alfonse [R-NY], Sen. Nunn, Sam [D-GA], Sen. Rudman, Warren [R-NH], Sen. Sasser, Jim [D-TN], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Dixon, Alan J. [D-IL], Sen. Pressler, Larry [R-SD], Sen. Simon, Paul [D-IL], Sen. Pell, Claiborne [D-RI], Sen. DeConcini, Dennis [D-AZ], Sen. Boren, David L. [D-OK], Sen. Baucus, Max [D-MT], Sen. Levin, Carl [D-MI], Sen. Dodd, Christopher J. [D-CT], Sen. Sarbanes, Paul S. [D-MD], Sen. Hollings, Ernest F. [D-SC], Sen. Goldwater, Barry [R-AZ], Sen. Inouye, Daniel K. [D-HI], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Gore, Albert, Jr. [D-TN], Sen. Cohen, William S. [R-ME], Sen. Specter, Arlen [R-PA], Sen. Zorinsky, Edward [D-NE], Sen. Kerry, John F. [D-MA], Sen. Melcher, John [D-MT], Sen. Andrews, Mark [R-ND], Sen. Rockefeller, John D., IV [D-WV], Sen. Lautenberg, Frank R. [D-NJ], Sen. Cranston, Alan [D-CA], Sen. Leahy, Patrick J. [D-VT], Sen. Stennis, John C. [D-MS], Sen. Matsunaga, Spark M. [D-HI], Sen. Mitchell, George J. [D-ME], Sen. Hatfield, Mark O. [R-OR], Sen. Glenn, John H., Jr. [D-OH]

Subjects

Taxation

Source updated

14 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Small Business Act to authorize Small Business Administration (SBA) program levels for FY 1986 through 1988 for direct and immediate participation loans for small business plant acquisition, construction, conversion, or expansion. Makes funds available out of such authorization for direct and immediate participation loans to handicapped persons and organizations for the handicapped and Vietnam veterans. Authorizes funding for FY 1986 through 1988 for deferred participation loans and debenture guarantees for small business plant acquisition, construction, conversion, or expansion and small business development companies under the Small Business Investment Act of 1958. Makes funds available out of such authorization for deferred participation loans to: (1) handicapped persons and organizations for the handicapped; (2) small businesses either located in urban or rural areas with high unemployment and low incomes or owned by low-income individuals; (3) small businesses which design, manufacture, and distribute energy measures; and (4) guarantees of debentures with respect to State and local development companies. Authorizes funding for FY 1986 through 1988 for: (1) direct purchases and guarantees of debentures and purchases of preferred securities with respect to small business investment companies; (2) surety bond guarantees under the Small Business Investment Act of 1958; and (3) payment guarantees for the installation of pollution control facilities by small businesses. Authorizes appropriations for FY 1986 through 1988 for disaster loans to small businesses and permits the transfer of funds from the disaster loan revolving funds for the payment of SBA administrative expenses. Authorizes appropriations to the SBA for FY 1986 through 1988. Makes such funds available for: (1) direct and immediate participation loans for small business plant acquisition, construction, conversion, or expansion; (2) loans to handicapped persons and organizations for the handicapped; (3) Vietnam veterans' loans; (4) deferred participation loans and debenture guarantees for small business plant acquisition, construction, conversion, or expansion and small business development companies; (5) deferred participation loans to handicapped persons and organizations for the handicapped; (6) small businesses either located in urban or rural areas with high unemployment and low incomes or owned by low-income individuals; (7) small businesses which design, manufacture, and distribute energy measures; (8) guarantees of debentures with respect to State and local development companies; (9) direct purchases and guarantees of debentures and purchases of preferred securities with respect to small business investment companies; (10) surety bond guarantees under the Small Business Investment Act of 1958; and (11) SBA salaries and expenses. Repeals specified provisions relating to disaster loans to small businesses that are affected by Federal action.

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

Timeline

  1. 6 February 1985

    Introduced

    Read twice and referred to the Committee on Small Business.

    Source: IntroReferral

  2. 6 February 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 21 February 1985

    Committee

    Committee on Small Business. Hearings held.

    Source: Committee

  4. 28 February 1985

    Committee

    Committee on Small Business. Hearings held.

    Source: Committee

  5. 7 March 1985

    Committee

    Committee on Small Business. Hearings concluded. Hearings printed: S.Hrg. 99-28.

    Source: Committee

  6. 26 March 1985

    Reported

    Committee on Small Business. Ordered to be reported with amendments favorably.

    Source: Committee

  7. 29 March 1985

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 47.

    Source: Calendars

  8. 29 March 1985

    Reported

    Committee on Small Business. Reported to Senate by Senator Weicker under the authority of the order of Mar 28, 85 with amendments. With written report No. 99-20. Minority views filed.

    Source: Committee

  9. 29 March 1985

    Reported

    Committee on Small Business. Reported to Senate by Senator Weicker under the authority of the order of Mar 28, 85 with amendments. With written report No. 99-20. Minority views filed.

    Source: Committee

  10. 16 July 1985

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

  11. 16 July 1985

    Vote

    Passed/agreed to in Senate: Passed Senate with amendments and an amendment to the Title by Yea-Nay Vote. 94-3. Record Vote No: 155.

    Source: Floor

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

    Versions

    No version snapshots stored. Document URLs remain at the source.

    Documents

    3 official files

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    • Passed Senate amended

      summary · EN · 16 July 1985

      Open at official source

    • Reported to Senate with amendment(s)

      summary · EN · 29 March 1985

      Open at official source

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    • Introduced in Senate

      summary · EN · 6 February 1985

      Open at official source

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    Sponsors

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    Sources

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