A bill to amend the Small Business Act and the Small Business Investment Act of 1958.

Summary

Title I: Amendments to the Small Business Investment Act of 1958 - Amends the Small Business Investment Act of 1958 to change the limitation on the amount of securities which the Small Business Administration (SBA) may purchase from various classes of small business investment companies. Authorizes small business investment companies to invest funds in certificates of deposit or savings accounts in institutions whose accounts are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation. Repeals certain requirements with respect to interest rates on debentures purchased by the SBA. Title II: Amendments to the Small Business Act - Amends the Small Business Act to authorize the SBA to let subcontracts or to arrange for the performance of its own government contracts to socially and economically disadvantaged small business concerns for construction work, services, and the manufacture, supply or assembly of articles. Defines socially and economically disadvantaged small business concerns for purposes of this Act. Exempts small businesses receiving such subcontracts from performance bond requirements under specified circumstances. Requires each public contract to be performed in the United States which exceeds $10,000 in amount to include a clause requiring that small business concerns owned and controlled by socially and economically disadvantaged individuals be given the maximum practicable opportunity to participate in such contracts. Requires each offering company to submit a summary subcontracting plan with its offer. Conditions the award of a contract to an apparently successful offering company upon a determinination by the procurement authority that the final subcontracting plan affords maximum practicable opportunity for participation by small businesses owned and controlled by disadvantaged individuals. Authorizes the SBA to appeal for modification of such a plan to the head of the procuring agency if determined that such standard is not met. Conditions the granting of Federal funds to be used for the procurement of articles, equipment, or construction work upon the applicant agreeing to utilize small business concerns for such procurement to the maximum extent practicable.

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

Timeline

1. 7 March 1978

   Introduced

   Referred to House Committee on Government Operations.

   Source: IntroReferral

2. 7 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 March 1978

   Reported

   Reported to House from the Select Committee on Small Business, H. Rept. 95-949.

   Source: Committee

5. 13 March 1978

   Reported

   Reported to House from the Select Committee on Small Business, H. Rept. 95-949.

   Source: Committee

6. 20 March 1978

   Passed

   Measure passed House.

   Source: Floor

7. 20 March 1978

   Passed

   Passed/agreed to in House: Measure passed House.

   Source: Floor

8. 20 March 1978

   Floor

   Measure called up under motion to suspend rules and pass in House.

   Source: Floor

9. 21 March 1978

   Introduced

   Referred to Senate Select Committee on Small Business.

   Source: IntroReferral

10. 8 August 1978

    Introduced

    Referred to Senate Committtee on Governmental Affairs.

    Source: IntroReferral

11. 8 August 1978

    Reported

    Reported to Senate from the Select Committee on Small Business with amendment, S. Rept. 95-1070.

    Source: Committee

12. 8 August 1978

    Reported

    Reported to Senate from the Select Committee on Small Business with amendment, S. Rept. 95-1070.

    Source: Committee

13. 23 August 1978

    Reported

    Reported to Senate from the Committee on Governmental Affairs with amendment, S. Rept. 95-1140.

    Source: Committee

14. 23 August 1978

    Reported

    Reported to Senate from the Committee on Governmental Affairs with amendment, S. Rept. 95-1140.

    Source: Committee

15. 15 September 1978

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

16. 15 September 1978

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

17. 15 September 1978

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended.

    Source: Floor

18. 25 September 1978

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

19. 4 October 1978

    ResolvingDifferences

    Conference report filed in House, H. Rept. 95-1714.

    Source: ResolvingDifferences

20. 4 October 1978

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 95-1714.

    Source: ResolvingDifferences

21. 6 October 1978

    Passed

    House agreed to conference report.

    Source: ResolvingDifferences

22. 6 October 1978

    Passed

    Conference report agreed to in House: House agreed to conference report.

    Source: ResolvingDifferences

23. 10 October 1978

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report.

    Source: ResolvingDifferences

24. 10 October 1978

    Passed

    Senate agreed to conference report.

    Source: ResolvingDifferences

25. 12 October 1978

    President

    Measure enrolled in House.

    Source: President

26. 12 October 1978

    President

    Measure enrolled in Senate.

    Source: President

27. 14 October 1978

    President

    Measure presented to President.

    Source: President

28. 14 October 1978

    Floor

    Measure presented to President.

    Source: Floor

29. 24 October 1978

    President

    Public Law 95-507.

    Source: President

30. 24 October 1978

    Became law

    Signed by President.

    Source: BecameLaw

31. 24 October 1978

    President

    Signed 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

• Public Law (PDF)

  Public Law · EN · 25 October 1978

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 4 October 1978

  Open at official source

• Introduced in House

  summary · EN · 7 March 1978

  Open at official source

Sponsors

• Rep. Addabbo, Joseph P. [D-NY-7] · D · Sponsor
• Rep. McDade, Joseph M. [R-PA-10] · R · Cosponsor
• Rep. Smith, Neal Edward [D-IA-4] · D · Cosponsor
• Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
• Rep. Steed, Tom [D-OK-4] · D · Cosponsor
• Rep. Corman, James C. [D-CA-21] · D · Cosponsor
• Rep. Fenwick, Millicent H. [R-NJ-5] · R · Cosponsor
• Rep. Gonzalez, Henry B. [D-TX-20] · D · Cosponsor
• Rep. Hanley, James M. [D-NY-32] · D · Cosponsor
• Rep. Pressler, Larry [R-SD-1] · R · Cosponsor
• Rep. Breckinridge, John B. [D-KY-6] · D · Cosponsor
• Rep. LaFalce, John J. [D-NY-36] · D · Cosponsor
• Rep. Richmond, Frederick W. [D-NY-14] · D · Cosponsor
• Rep. Nowak, Henry [D-NY-37] · D · Cosponsor
• Rep. LeFante, Joseph A. [D-NJ-14] · D · Cosponsor
• Rep. Kildee, Dale E. [D-MI-7] · D · Cosponsor
• Rep. Mitchell, Parren J. [D-MD-7] · D · Cosponsor
• · ssga00 · Standing
• · sssb00 · Standing
• · hssm00 · Standing
• · hsgo00 · Standing

Related records

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