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United States · Law · S

S. 2060 (103rd)

Small Business Administration Reauthorization and Amendments Act of 1994

enactedUnited States· United States Congress· EN

Introduced

3 May 1994

Last action

22 October 1994 · President

Status

Became Public Law No: 103-403.

Sponsors

Sen. Bumpers, Dale [D-AR], Sen. Pressler, Larry [R-SD], Sen. Nunn, Sam [D-GA], Sen. Levin, Carl [D-MI], Sen. Harkin, Tom [D-IA], Sen. Kerry, John F. [D-MA], Sen. Lieberman, Joseph I. [ID-CT], Sen. Wellstone, Paul D. [D-MN], Sen. Heflin, Howell [D-AL], Sen. Moseley-Braun, Carol [D-IL], Sen. Chafee, John H. [R-RI]

Subjects

Taxation

Source updated

14 January 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Small Business Administration Amendments of 1994 - Title I: Amends the Small Business Act (the Act) to: (1) allow the Administrator of the Small Business Administration (SBA), under the microloan demonstration program, to make up to 100 percent deferred participation loans to ten small business intermediaries located in urban areas and ten intermediaries located in rural areas;(2) revise the authorized number of microloan programs for fiscal years after 1992; (3) increase from $1.5 to $5 million the annual microloan limits to a State; (4) increase from $1.25 to $1.75 million the total outstanding loan limit authorized for each intermediary; and (5) revise microloan repayment requirements. Title II: Revises provisions concerning the participatory amount of the SBA in small business loans provided on a deferred basis. Increases from $250,000 to $750,000 the authorized outstanding loan amounts for small businesses engaged in or adversely affected by international trade. Title III: Allows the SBA Administrator to inventory the productive facilities and capacities of business (currently, only small businesses) as part of a business loan process. Title IV: Establishes within the SBA an Office of Women's Business Ownership to administer the women's demonstration projects (projects providing financial assistance to businesses owned and controlled by women) created under the Act. Title V: Amends the Act and the Small Business Investment Act to provide that the authority of the SBA to make loans under such Acts shall remain available until expressly repealed. (Sec. 503) Removes a six-month limitation on the payment of transportation expenses of SBA employees in connection with any disaster loan assistance. (Sec. 505) Establishes in the Treasury one Loan Liquidation Fund, replacing various revolving funds, a disaster loan fund, and a business and investment loan fund under the Act. Provides for repayment of all such loans to the Fund. Requires a report from the SBA Administrator to specified congressional committees concerning Fund activities. (Sec. 507) Authorizes the SBA Administrator to specify detailed definitions or standards by which a business shall be recognized as a small business for purposes of the Act, with certain requirements such as an opportunity for public hearing. (Sec. 508) Empowers the SBA Administrator to impose reasonable fees in connection with assistance provided and information compiled and disseminated under the Act and the Small Business Investment Act. Title VI: Authorizes specified program funding levels for FY 1995 through 1997 for loans and other programs, as well as salaries and expenses, as provided or required under the Act and the Small Business Investment Act.

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

Timeline

  1. 3 May 1994

    Introduced

    Read twice and referred to the Committee on Small Business.

    Source: IntroReferral

  2. 3 May 1994

    Introduced

    Sponsor introductory remarks on measure. (CR S5068)

    Source: IntroReferral

  3. 3 May 1994

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 10 August 1994

    Reported

    Committee on Small Business. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  5. 11 August 1994

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 561.

    Source: Calendars

  6. 11 August 1994

    Reported

    Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute and an amendment to the title. With written report No. 103-332.

    Source: Committee

  7. 11 August 1994

    Reported

    Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute and an amendment to the title. With written report No. 103-332.

    Source: Committee

  8. 18 August 1994

    Passed

    Passed Senate with an amendment and an amendment to the Title by Voice Vote. (consideration: CR S12107-12127)

    Source: Floor

  9. 18 August 1994

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.(consideration: CR S12107-12127)

    Source: Floor

  10. 19 August 1994

    Floor

    Held at the desk.

    Source: Floor

  11. 19 August 1994

    Floor

    Received in the House.

    Source: Floor

  12. 19 August 1994

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  13. 21 September 1994

    Passed

    The title of the measure was amended. Agreed to without objection.

    Source: Floor

  14. 21 September 1994

    Passed

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

    Source: Floor

  15. 21 September 1994

    Passed

    On passage Passed without objection.

    Source: Floor

  16. 21 September 1994

    Passed

    Passed/agreed to in House: On passage Passed without objection.

    Source: Floor

  17. 21 September 1994

    Floor

    Considered by unanimous consent. (consideration: CR H9371-9383)

    Source: Floor

  18. 21 September 1994

    Floor

    Mr. LaFalce asked unanimous consent to take from the Speaker's table and consider.

    Source: Floor

  19. 21 September 1994

    Floor

    A similar measure H.R. 4801 was laid on the table without objection.

    Source: Floor

  20. 21 September 1994

    Passed

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

    Source: ResolvingDifferences

  21. 21 September 1994

    ResolvingDifferences

    The Speaker appointed conferees: LaFalce, Smith (IA), Wyden, Meyers, and Baker (LA).

    Source: ResolvingDifferences

  22. 21 September 1994

    Passed

    On motion that the House insist upon its amendments, and request a conference Agreed to without objection. (consideration: CR H9383)

    Source: ResolvingDifferences

  23. 21 September 1994

    ResolvingDifferences

    Mr. LaFalce asked unanimous consent that the House insist upon its amendments, and request a conference.

    Source: ResolvingDifferences

  24. 21 September 1994

    Passed

    The House struck all after the enacting clause and inserted in lieu thereof the provisions of a similar measure H.R. 4801. Agreed to without objection.

    Source: Floor

  25. 22 September 1994

    Floor

    Message on House action received in Senate and at the desk: House amendments to Senate bill and House requests a conference.

    Source: Floor

  26. 27 September 1994

    Passed

    Senate agreed to request for conference. Appointed conferees. Bumpers; Nunn; Pressler. (consideration: CR S13442)

    Source: ResolvingDifferences

  27. 27 September 1994

    Passed

    Senate disagreed to the House amendments by Voice Vote.

    Source: Floor

  28. 27 September 1994

    Passed

    Resolving differences -- Senate actions: Senate disagreed to the House amendments by Voice Vote.

    Source: NotUsed

  29. 28 September 1994

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  30. 3 October 1994

    ResolvingDifferences

    Conference report H. Rept. 103-824 filed. (text of conference report: CR H10521-10535)

    Source: ResolvingDifferences

  31. 3 October 1994

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

  32. 3 October 1994

    ResolvingDifferences

    Conference report filed: Conference report H. Rept. 103-824 filed.(text of conference report: CR H10521-10535)

    Source: ResolvingDifferences

  33. 3 October 1994

    Passed

    Mr. LaFalce asked unanimous consent that managers on the part of the House have until midnight on Oct. 3 to file a conference report on S. 2060. Agreed to without objection.

    Source: Committee

  34. 3 October 1994

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

  35. 4 October 1994

    Floor

    DEBATE - The House proceeded to with one hour of debate.

    Source: Floor

  36. 4 October 1994

    Passed

    On agreeing to the conference report Agreed to by voice vote.

    Source: ResolvingDifferences

  37. 4 October 1994

    Passed

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

    Source: ResolvingDifferences

  38. 4 October 1994

    Passed

    Conference report agreed to in House: On agreeing to the conference report Agreed to by voice vote.

    Source: ResolvingDifferences

  39. 4 October 1994

    ResolvingDifferences

    The previous question was ordered without objection.

    Source: ResolvingDifferences

  40. 4 October 1994

    ResolvingDifferences

    Mr. LaFalce asked unanimous consent for consideration of the conference report, H. Rept. 103-824. (consideration: CR H10741)

    Source: ResolvingDifferences

  41. 4 October 1994

    ResolvingDifferences

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

    Source: ResolvingDifferences

  42. 5 October 1994

    ResolvingDifferences

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

    Source: ResolvingDifferences

  43. 5 October 1994

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.(consideration: CR S14233)

    Source: ResolvingDifferences

  44. 6 October 1994

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  45. 13 October 1994

    President

    Presented to President.

    Source: President

  46. 13 October 1994

    Floor

    Presented to President.

    Source: Floor

  47. 22 October 1994

    Became law

    Became Public Law No: 103-403.

    Source: President

  48. 22 October 1994

    Became law

    Signed by President.

    Source: BecameLaw

  49. 22 October 1994

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

Documents

15 official files

Public Law (PDF)

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Leesvertaling

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  • Public Law (PDF)

    Public Law · EN · 23 October 1994

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  • Enrolled Bill (text)

    Enrolled Bill · EN · 5 October 1994

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  • Enrolled Bill (PDF)

    Enrolled Bill · EN · 5 October 1994

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  • Conference report filed in House

    summary · EN · 3 October 1994

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  • Engrossed Amendment House (text)

    Engrossed Amendment House · EN · 21 September 1994

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  • Engrossed Amendment House (PDF)

    Engrossed Amendment House · EN · 21 September 1994

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  • Passed House amended

    summary · EN · 21 September 1994

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  • Engrossed in Senate (text)

    Engrossed in Senate · EN · 18 August 1994

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  • Engrossed in Senate (PDF)

    Engrossed in Senate · EN · 18 August 1994

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  • Passed Senate amended

    summary · EN · 18 August 1994

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  • Reported to Senate (text)

    Reported to Senate · EN · 11 August 1994

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  • Reported to Senate (PDF)

    Reported to Senate · EN · 11 August 1994

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 3 May 1994

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 3 May 1994

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  • Introduced in Senate

    summary · EN · 3 May 1994

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