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United States · Law · HR

H.R. 4062 (108th)

To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through June 4, 2004, and for other purposes.

enactedUnited States· United States Congress· EN

Introduced

30 March 2004

Last action

5 April 2004 · President

Status

Became Public Law No: 108-217.

Sponsors

Rep. Manzullo, Donald A. [R-IL-16], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Bradley, Jeb [R-NH-1]

Subjects

Discovery layer

Source updated

2 January 2025

Official sourceDownload fileView documentsShare

Summary

Extends through June 4 (currently, April 2), 2004, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is authorized under the Small Business Act (the Act) or the Small Business Investment Act of 1958 (SBIA) as of September 30, 2003. Amends the SBIA to extend through FY 2004 (currently, May 21, 2004) the authority of the Small Business Administration (SBA) to charge and collect certain fees in connection with the guarantee of development company debentures under the small business investment program. Amends the Act to authorize the SBA to make specified amounts in purchases of participating securities and guarantees of debentures under the SBIA small business investment company program. Provides that, during the period beginning on the enactment of this Act and ending on September 30, 2004, in the case of any combination financing by a small business (receiving a loan guaranteed by the SBA and a commercial loan, no portion of which is guaranteed by the Federal Government), the amount of the commercial loan shall not exceed the gross amount of the guaranteed loan which is part of the financing. Allows the commercial loan to be: (1) made by the lender providing the guaranteed financing or by a different lender; (2) secured by a senior lien; and (3) made by a lender in the Preferred Lenders Program. Requires a fee to be paid by the lender to the SBA if the commercial loan has a senior credit position to that of the guaranteed loan. Directs the SBA Administrator, during the same period as above, to assess and collect a loan guarantee fee, which shall be a percentage of the outstanding balance of the deferred participation share of the loan. Terminates, during such period, the authority of lenders under SBA-guaranteed loans to retain any loan guarantee fees collected. Limits the authority to make Express Loans to those lenders deemed qualified by the Administrator. Increases, until the end of FY 2004, the maximum loan amount under the Express Loan Pilot Program. Gives a qualified lender the option to participate in such Program. Continues through FY 2004 current SBA guaranteed loan deferred participation standards. Provides through FY 2004 an: (1) increase in SBA guaranteed loan limits; and (2) additional loan guarantee fee.

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

Timeline

  1. 30 March 2004

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 30 March 2004

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 30 March 2004

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 31 March 2004

    Introduced

    Received in the Senate, read twice.

    Source: IntroReferral

  5. 31 March 2004

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  6. 31 March 2004

    Passed

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1746-1747)

    Source: Floor

  7. 31 March 2004

    Passed

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H1746-1747)

    Source: Floor

  8. 31 March 2004

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4062.

    Source: Floor

  9. 31 March 2004

    Floor

    Considered under suspension of the rules. (consideration: CR H1746-1750)

    Source: Floor

  10. 31 March 2004

    Floor

    Mr. Manzullo moved to suspend the rules and pass the bill.

    Source: Floor

  11. 1 April 2004

    Passed

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S3595)

    Source: Floor

  12. 1 April 2004

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S3595)

    Source: Floor

  13. 2 April 2004

    Floor

    Presented to President.

    Source: Floor

  14. 2 April 2004

    President

    Presented to President.

    Source: President

  15. 2 April 2004

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  16. 5 April 2004

    Became law

    Became Public Law No: 108-217.

    Source: President

  17. 5 April 2004

    Became law

    Signed by President.

    Source: BecameLaw

  18. 5 April 2004

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

13 official files

Enrolled Bill (text)

View fileDownload file

Sponsors

Related records

Sources

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