United States · Bill · S
S. 499 (98th)
Certified Development Company Improvement Act
Introduced
16 February 1983
Last action
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Status
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 98-718.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Amends the Small Business Investment Company Act of 1958 to prohibit the Small Business Administration (SBA) from declining to guarantee State and local development company debentures issued to finance small business expansion projects on the grounds that such projects are also being financed by industrial development bonds. Permits loans made with the proceeds of any such debentures to be subordinated to other obligations. Prohibits the SBA and other Federal agencies from restricting the use of guaranteed debentures for projects financed by industrial development bonds if such projects otherwise comply with SBA regulations and procedures.
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Votes
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Versions
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Documents
2 official files
Reported to Senate with amendment(s)
summary · EN · 11 March 1983
Introduced in Senate
summary · EN · 16 February 1983
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/98th-congress/senate-bill/499
- Open data entity: https://api.congress.gov/v3/bill/98/s/499