A bill to amend the Small Business Investment Act of 1958 to permit prepayment of loans made to State and local development companies.

Summary

Amends the Small Business Investment Act of 1958 to permit a borrower of a loan made from the proceeds of debentures guaranteed by State and local development companies to prepay that portion of the loan by paying the outstanding principal balance due (plus interest). Prohibits any sums in addition to the outstanding principal balance (plus interest) due on such portion of the loans to be charged as the result of such prepayment against the borrower or the Small Business Administration (SBA), except the Administrator of the SBA may impose a reasonable fee to cover administrative expenses related to such prepayment.

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

Timeline

1. 3 February 1987

   Introduced

   Read twice and referred to the Committee on Small Business.

   Source: IntroReferral

2. 3 February 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 18 June 1987

   Committee

   Committee on Small Business. Hearings held. Hearings printed: S.Hrg. 100-150.

   Source: Committee

4. 29 September 1987

   Reported

   Committee on Small Business. Ordered to be reported with an amendment in the nature of a substitute favorably.

   Source: Committee

5. 16 December 1987

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 491.

   Source: Calendars

6. 16 December 1987

   Reported

   Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute. Without written report.

   Source: Committee

7. 16 December 1987

   Reported

   Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute. Without written report.

   Source: Committee

8. 19 December 1987

   Passed

   Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

   Source: Floor

9. 19 December 1987

   Passed

   Passed Senate with an amendment by Voice Vote.

   Source: Floor

10. 20 December 1987

    Introduced

    Referred to House Committee on Small Business.

    Source: IntroReferral

11. 20 December 1987

    Floor

    Message on Senate action sent to the House.

    Source: Floor

12. 22 December 1987

    Referred

    Referred to Subcommittee on SBA, and the General Economy.

    Source: Committee

13. 3 October 1988

    Vote

    Passed House (Amended) by Yea-Nay Vote: 372 - 28 (Record Vote No: 386).

    Source: Floor

14. 3 October 1988

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 372 - 28 (Record Vote No: 386).

    Source: Floor

15. 3 October 1988

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

16. 11 October 1988

    Floor

    Message on House action received in Senate and held at desk: House amendments to Senate bill.

    Source: Floor

17. 14 October 1988

    Passed

    Senate agreed to the House amendments by Voice Vote.

    Source: ResolvingDifferences

18. 14 October 1988

    Passed

    Resolving differences -- Senate actions: Senate agreed to the House amendments by Voice Vote.

    Source: NotUsed

19. 18 October 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

20. 19 October 1988

    Floor

    Measure Signed in Senate.

    Source: Floor

21. 19 October 1988

    Floor

    Presented to President.

    Source: Floor

22. 19 October 1988

    President

    Presented to President.

    Source: President

23. 31 October 1988

    President

    Pocket Vetoed by President.

    Source: President

24. 31 October 1988

    President

    Pocket Vetoed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

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

Documents

3 official files

• Passed House amended

  summary · EN · 3 October 1988

  Open at official source

• Passed Senate amended

  summary · EN · 19 December 1987

  Open at official source

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• Introduced in Senate

  summary · EN · 3 February 1987

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Metzenbaum, Howard M. [D-OH] · D · Sponsor
• Sen. Inouye, Daniel K. [D-HI] · D · Sponsor
• Sen. Matsunaga, Spark M. [D-HI] · D · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Dixon, Alan J. [D-IL] · D · Sponsor
• Sen. Burdick, Quentin N. [D-ND] · D · Sponsor
• Sen. Conrad, Kent [D-ND] · D · Cosponsor
• Sen. Pressler, Larry [R-SD] · R · Cosponsor
• Sen. Gore, Albert, Jr. [D-TN] · D · Cosponsor
• · hssm00 · Standing
• · sssb00 · Standing

Related records

• related to → A bill to authorize the refinancing of certain small business debentures, and for other purposes.
• amends ← SAMDT 1362
• amends ← To provide that the Federal Financing Bank may impose a prepayment penalty on issuers of debentures who elect to pay those debentures before maturity according to a certain schedule.