An Act to amend the Small Business Act and the Small Business Investment Act of 1958 to increase loan authorization and surety bond guarantee authority; and to improve the disaster assistance, certificate of competency and small business set-aside programs, and for other purposes.

Summary

Title I: Authorizations and Limitations - Amends the Small Business Investment Act of 1958 to increase the appropriation for surety bond guarantees from $56,500,000 to $71,000,000. Increases from $6,000,000,000 to $8,000,000,000 the amount appropriated for the business loan and investment fund of the Small Business Administration. Increases from $450,000,000 to $525,000,000 the amount appropriated for economic opportunity loans. Increases the funds for small business investment companies from $725,000,000 to $1,100,000,000. Authorizes appropriations and sets program levels for various programs under the Small Business Act for fiscal years 1978 and 1979. Title II: Miscellaneous, Conforming and Technical Amendments - Requires that reports to the President and Congress concerning minority small businesses include: the proportion of loans and other assistance under this Act; the goals of the Administration for the next fiscal year with respect to such concerns: and recommendations for improving assistance. Title III: Amendments to Small Business Administration Loan Authority - Amends the Small Business Act to allow loans to be used for the financing of residential or commercial construction or rehabilitation for sale. States that no payments will be required of the small business while payments are being made by the Small Business Administration pursuant to the assumption of such business's obligation or while the Administration has suspended payment on its own loan. Limits the period of such assumption or suspension to five years. Sets the prerequisites for receiving the loan and the conditions for repayment of such loan. Title IV: Amendments to Small Business Administration Disaster Loan Authority - Expands the coverage of disaster loans to situations which the Small Business Administration determines to be disasters and where no disaster has been declared upon the certification by the Governor of a State to the Small Business Administration that small business concerns have suffered economic injury as a result of such disaster and that financial assistance is not available on reasonable terms in the disaster-stricken area. Title V: Certificate of Competency - Amends the elements to be considered in certification of any small business for the receipt or performance of a specific Government contract. Requires that final disposition of contract awards be made by the Administration. Describes the role of Government procurement officers and officers engaged in the sale and disposal of Federal property. Title VI: Small Business Set-Asides - Provides that any contracting agency, under the Small Business Act, shall place contracts to allow more than one small business concern to perform work, if the amount of a proposed small business set-aside contract exceeds the maximum amount of a contract for which a surety may be guaranteed against loss under the Small Business Administration's surety bond guarantee program.

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

Timeline

1. 4 January 1977

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 4 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 January 1977

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 January 1977

   Reported

   Reported to House from the Committee on Small Business, H. Rept. 95-1.

   Source: Committee

5. 27 January 1977

   Reported

   Reported to House from the Committee on Small Business, H. Rept. 95-1.

   Source: Committee

6. 9 February 1977

   Vote

   Measure passed House, amended, roll call #20 (381-0).

   Source: Floor

7. 9 February 1977

   Vote

   Passed/agreed to in House: Measure passed House, amended, roll call #20 (381-0).

   Source: Floor

8. 9 February 1977

   Floor

   Measure called up by special rule in House.

   Source: Floor

9. 10 February 1977

   Introduced

   Referred to Senate Committee on Small Business.

   Source: IntroReferral

10. 16 May 1977

    Reported

    Reported to Senate from the Select Committee on Small Business (without written rept.).

    Source: Committee

11. 16 May 1977

    Reported

    Reported to Senate from the Select Committee on Small Business (without written rept.).

    Source: Committee

12. 19 May 1977

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

13. 19 May 1977

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

14. 19 May 1977

    Passed

    Passed/agreed to in Senate: Measure passed Senate, amended, in lieu of S. 1442.

    Source: Floor

15. 28 June 1977

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

16. 26 July 1977

    Passed

    House agreed to conference report.

    Source: ResolvingDifferences

17. 26 July 1977

    Passed

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

    Source: ResolvingDifferences

18. 26 July 1977

    ResolvingDifferences

    Conference report filed in House, H. Rept. 95-535.

    Source: ResolvingDifferences

19. 26 July 1977

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 95-535.

    Source: ResolvingDifferences

20. 27 July 1977

    Passed

    Senate agreed to conference report.

    Source: ResolvingDifferences

21. 27 July 1977

    Passed

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

    Source: ResolvingDifferences

22. 27 July 1977

    President

    Measure enrolled in House.

    Source: President

23. 28 July 1977

    Floor

    Measure presented to President.

    Source: Floor

24. 28 July 1977

    President

    Measure presented to President.

    Source: President

25. 28 July 1977

    President

    Measure enrolled in Senate.

    Source: President

26. 4 August 1977

    President

    Public Law 95-89.

    Source: President

27. 4 August 1977

    President

    Signed by President.

    Source: President

28. 4 August 1977

    Became law

    Signed by President.

    Source: BecameLaw

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 · 5 August 1977

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 26 July 1977

  Open at official source

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• Introduced in House

  summary · EN · 4 January 1977

  Open at official source

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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Sponsors

• Rep. Smith, Neal Edward [D-IA-4] · D · Sponsor
• Rep. Stanton, J. William [R-OH-11] · R · Cosponsor
• Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
• Rep. Gonzalez, Henry B. [D-TX-20] · D · Cosponsor
• Rep. Fenwick, Millicent H. [R-NJ-5] · R · Cosponsor
• Rep. Corman, James C. [D-CA-21] · D · Cosponsor
• Rep. Hanley, James M. [D-NY-32] · D · Cosponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Yatron, Gus [D-PA-6] · D · Cosponsor
• Rep. Breckinridge, John B. [D-KY-6] · D · Cosponsor
• Rep. McFall, John J. [D-CA-14] · D · Cosponsor
• Rep. Addabbo, Joseph P. [D-NY-6] · D · Cosponsor
• Rep. Clausen, Don H. [R-CA-2] · R · Cosponsor
• Rep. Lehman, William [D-FL-17] · D · Cosponsor
• Rep. Downey, Thomas J. [D-NY-2] · D · Cosponsor
• Rep. LaFalce, John J. [D-NY-29] · D · Cosponsor
• Rep. Boggs, Corinne C. (Lindy) [D-LA-2] · D · Cosponsor
• Rep. Fish, Hamilton, Jr. [R-NY-19] · R · Cosponsor
• · sssb00 · Standing
• · hssm00 · Standing

Related records

• related to → A resolution providing for the consideration of H.R. 692, a bill to amend the Small Business Act and the Small Business Investment Act of 1958 to increase loan authorization and surety bond guarantee authority; and to improve the disaster assistance, certificate of competency, and small business set-aside programs.
• related to ← Small Business Administration Authorization Act

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