A bill to amend the Small Business Act by authorizing the Small Business Administration to furnish reinsurance for property liability insurers for small business concerns which would not otherwise be able to obtain product liability insurance on reasonable terms.

Summary

Amends the Small Business Act to authorize the Small Business Administration to offer reinsurance to any insurer or pool against excess losses resulting from products liability claims or completed operations claims against small business concerns. Authorizes the Administration to establish such limits on liability and charges for reinsurance as it deems appropriate.

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Timeline

1. 31 January 1977

   Introduced

   Referred to Senate Select Committee on Small Business.

   Source: IntroReferral

2. 31 January 1977

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 31 January 1977

  Open at official source

Sponsors

• Sen. Culver, John C. [D-IA] · D · Sponsor
• Sen. Nelson, Gaylord [D-WI] · D · Cosponsor
• Sen. Anderson, Wendell R. [D-MN] · D · Cosponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• Sen. McGovern, George [D-SD] · D · Cosponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Cosponsor
• Sen. Matsunaga, Spark M. [D-HI] · D · Cosponsor
• · sssb00 · Standing

Related records

• related to → A bill to amend the Small Business Act by authorizing the Small Business Administration to furnish reinsurance for property liability insurers for small business concerns which would not otherwise be able to obtain product liability insurance on reasonable terms.