Small Business Administration Reauthorization and Amendment Act of 1988

Summary

Small Business Administration Reauthorization and Amendment Act of 1988 - Amends the Small Business Act to authorize FY 1989 through 1991 Small Business Administration (SBA) program levels and appropriations for loans to finance small business plant acquisition, construction, conversion, or expansion. Authorizes specific amounts for: (1) handicapped persons and organizations for the handicapped; (2) small businesses either located in urban or rural areas with high unemployment and low income or owned by low-income individuals; and (3) disabled veterans and Vietnam veterans. Authorizes program levels and appropriations for FY 1989 through 1991 for deferred participation loans and debenture guarantees for small business development companies. Authorizes specific amounts for: (1) handicapped persons and organizations for the handicapped; (2) small businesses either located in urban or rural areas with high unemployment and low income or owned by low-income individuals; (3) small businesses that design, manufacture, or distribute energy measures; and (4) guarantees of debentures of State and local development companies. Authorizes program levels for FY 1989 under specified provisions of the Small Business Investment Act of 1958 for: (1) direct purchases and guarantees of debentures and purchases of preferred securities of small business investment companies; (2) surety bond guarantees; and (3) payment guarantees for the planning, design, or installation of pollution control facilities by small businesses. Authorizes, in addition, FY 1989 through 1991 appropriations for SBA salaries and expenses and for disaster loans to small businesses. Revises SBA participation requirements in connection with loans on a deferred basis. Permits loans of up to $1,000,000 (through the SBA or through other lending institutions) for businesses either adversely affected by import competition or in a position significantly to expand or create export markets. Requires that such loans be: (1) used for the acquisition, construction, or modification of facilities or equipment; and (2) secured by a first lien or first mortgage on the property. Authorizes additional loans to these same firms of up to $250,000 for working capital, supplies, or revolving lines of credit for export purposes. Authorizes the SBA to establish a certified loan program for lenders that display knowledge and proficiency with respect to SBA regulations and programs. Directs the SBA to encourage small business loans of $50,000 or less under both this new program and the preferred lenders program by a FY 1989 through 1990 policy that permits participating lenders to retain one-half of the guarantee fee. Requires SBA reporting to specified congressional committees in connection with the certified loan program. Amends the Small Business Investment Act of 1958 to change the limits applicable to SBA indemnification payments to sureties for their expenses in avoiding breach. Revises SBA guarantee liability limits to equal not more than: (1) 90 percent of the loss in cases of contracts of $100,000 or less; and (2) 80 percent with respect to contracts exceeding $100,000. Empowers the SBA to authorize sureties meeting prescribed expertise and capability criteria to monitor and service surety bond guarantees. Requires SBA reporting on this program to specified congressional committees. Modifies examination requirements in connection with small business investment companies to: (1) mandate at least biennial (currently annual) examination; and (2) enumerate specific standards to be addressed during the audit. Permits a limited partnership that has been in existence for ten years to form a small business investment company (current law requires a 30-year existence). Directs the SBA to issue at least biannually guarantees of small business investment company debentures and trust certificates. Requires the Comptroller General, by June 1, 1989, to present to specified congressional committees an evaluation of the volunteer programs operating in the Service Corps of Retired Executives and the Active Corps of Executives. Directs the SBA to issue policy directives to govern: (1) the standardized and orderly withdrawal of any agency from participation in the Small Business Innovation Research Program (SBIR); and (2) voluntary Federal agency participation in a SBIR program. Requires the SBA to develop and implement a comprehensive data acquisition and evaluation system with respect to small business participation in SBA programs and to report to specified congressional committees by July 31, 1988, on the implementation and estimated costs of such a system.

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Timeline

1. 16 March 1988

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 16 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 March 1988

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 April 1988

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

5. 28 April 1988

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 13 June 1988

   Calendars

   Placed on Union Calendar No: 415.

   Source: Calendars

7. 13 June 1988

   Reported

   Reported to House (Amended) by House Committee on Small Business. Report No: 100-694.

   Source: Committee

8. 13 June 1988

   Reported

   Reported to House (Amended) by House Committee on Small Business. Report No: 100-694.

   Source: Committee

9. 30 June 1988

   Floor

   Committee on Rules Granted an Open Rule Providing One Hour of General Debate.

   Source: Floor

10. 6 July 1988

    Passed

    Rule Passed House.

    Source: Floor

11. 6 July 1988

    Vote

    Passed House (Amended) by Yea-Nay Vote: 342 - 40 (Record Vote No: 218).

    Source: Floor

12. 6 July 1988

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 342 - 40 (Record Vote No: 218).

    Source: Floor

13. 6 July 1988

    Passed

    House Agreed to Amendments Adopted by the Committee of the Whole.

    Source: Floor

14. 6 July 1988

    Floor

    Called up by House by Rule.

    Source: Floor

15. 12 July 1988

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 798. Pursuant to the order of July 6, 1988.

    Source: Calendars

16. 14 July 1988

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

17. 14 July 1988

    Passed

    Passed/agreed to in Senate: Passed Senate in lieu of S. 2619 with an amendment by Voice Vote.

    Source: Floor

18. 26 July 1988

    ResolvingDifferences

    Senate insists on its amendments, asks for a conference, appoints conferees Bumpers; Nunn; Sasser; Weicker; Boschwitz.

    Source: ResolvingDifferences

19. 27 July 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

20. 27 September 1988

    Passed

    House Agreed to Request for Conference and Speaker Appointed Conferees: LaFalce, Smith (IA), Gonzalez, Thomas Luken, Skelton, McDade, Conte, Broomfield.

    Source: ResolvingDifferences

21. 27 September 1988

    Passed

    House Disagreed to Senate Amendments by Unanimous Consent.

    Source: ResolvingDifferences

22. 27 September 1988

    Passed

    Resolving differences -- House actions: House Disagreed to Senate Amendments by Unanimous Consent.

    Source: NotUsed

23. 29 September 1988

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

24. 29 September 1988

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

25. 3 October 1988

    ResolvingDifferences

    Conference papers: Senate report and managers' statement held at the desk in Senate.

    Source: ResolvingDifferences

26. 3 October 1988

    ResolvingDifferences

    Conference Report 100-1029 Filed in House.

    Source: ResolvingDifferences

27. 3 October 1988

    ResolvingDifferences

    Conference report filed: Conference Report 100-1029 Filed in House.

    Source: ResolvingDifferences

28. 5 October 1988

    Passed

    House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

29. 5 October 1988

    Passed

    Conference report agreed to in House: House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

30. 6 October 1988

    ResolvingDifferences

    Conference papers: message on House action held at the desk in Senate.

    Source: ResolvingDifferences

31. 20 October 1988

    Passed

    Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

32. 20 October 1988

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

33. 22 October 1988

    Floor

    Measure Signed in Senate.

    Source: Floor

34. 25 October 1988

    Floor

    Presented to President.

    Source: Floor

35. 25 October 1988

    President

    Presented to President.

    Source: President

36. 3 November 1988

    Became law

    Became Public Law No: 100-590.

    Source: President

37. 3 November 1988

    Became law

    Signed by President.

    Source: BecameLaw

38. 3 November 1988

    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

6 official files

• Public Law (PDF)

  Public Law · EN · 4 November 1988

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 3 October 1988

  Open at official source

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• Passed Senate amended

  summary · EN · 14 July 1988

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• Passed House amended

  summary · EN · 6 July 1988

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• Reported to House with amendment(s)

  summary · EN · 13 June 1988

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• Introduced in House

  summary · EN · 16 March 1988

  Open at official source

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Sponsors

• Rep. LaFalce, John J. [D-NY-29] · D · Sponsor
• Rep. McDade, Joseph M. [R-PA-10] · R · Sponsor
• · hssm00 · Standing

Related records

• related to → A bill to amend section 15(l) of the Small Business Act.
• related to ← Small Business Administration Reauthorization and Amendments Act of 1988
• amends ← An amendment to provide $10 million in fiscal years 1989 through 1991 to provide management and technical assistance for small businesses owned by women.
• amends ← An amendment requiring each Federal agency which has substantial procurement or grant-making authority to develop and establish rural area development plans to encourage prime contractors and grantees to use small businesses located in rural areas.
• amends ← An amendment to authorize the Small Business Administration to use private credit bureaus and collection agencies to recover deliquent debts on outstanding loans. The amendment also requires the Administrator of SBA to disclose to major credit reporting agencies information on any debt of more than $100 which is delinquent by more than 31 days.
• amends ← An amendment to require the Chief Counsel for Advocacy of the Small Business Administration to conduct and complete within 180 days, a study to determine the extent to which employees of Federal agencies and departments provide professional and technical services to foreign governments or businesses which might otherwise be provided by qualified private domestic sources. The amendment directs the agency to develop recommendations to eliminate such unfair competition as is found to exist between government agencies and the legitimate interests of private domestic business concerns.
• amends ← An amendment to delete provisions in the bill regarding small business set-aside programs in federal procurement.
• amends ← An amendment instructing the Administrator of the Small Business Administration to give the disaster loan program a sufficiently high priority to ensure that there is sufficient personnel at all times to carry out the program.
• amends ← An amendment directing the Administrator of the Small Business Administration to establish a pilot program for fiscal years 1989 through 1991 to encourage the development of export trade by small businesses. The amendment calls for awarding up to ten competitive matching grants per year, not to exceed $25,000 each, for small businesses to develop innovative viable export trade strategies.

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