Small Business Secondary Market Improvements Act of 1984

Summary

Amends the Small Business Act to provide for the guaranteed payment by the Small Business Administration (SBA) of trust certificates that are: (1) issued to persons approved under this Act; and (2) based on and backed by a trust composed of the portions of deferred participation and guaranteed loans which have been guaranteed by the SBA pursuant to this Act. Prohibits any State, local, or Federal law from preventing the SBA from carrying out the provisions of this Act. Provides that guaranteed obligations issued pursuant to this Act shall be considered exempt securities within the meaning of the securities laws. Requires the SBA to: (1) provide for a central registration of loans, trust certificates, and other securities sold pursuant to this Act; and (2) disclose to purchasers information describing the offer and sale of portions of loans which have been guaranteed by the SBA.

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

Timeline

1. 29 February 1984

   Introduced

   Read twice and referred to the Committee on Small Business.

   Source: IntroReferral

2. 29 February 1984

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 6 March 1984

   Committee

   Committee on Small Business. Hearings held. Hearings printed: S.Hrg. 98-786.

   Source: Committee

4. 20 June 1984

   Reported

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

   Source: Committee

5. 20 June 1984

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 1001.

   Source: Calendars

6. 20 June 1984

   Reported

   Committee on Small Business. Reported to Senate by Senator Weicker with an amendment in the nature of a substitute. Without written report.

   Source: Committee

7. 20 June 1984

   Reported

   Committee on Small Business. Reported to Senate by Senator Weicker with an amendment in the nature of a substitute. Without written report.

   Source: Committee

8. 21 June 1984

   Passed

   Passed Senate with an amendment by Voice Vote.

   Source: Floor

9. 21 June 1984

   Passed

   Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

   Source: Floor

10. 25 June 1984

    Passed

    Passed House by Voice Vote.

    Source: Floor

11. 25 June 1984

    Passed

    Passed/agreed to in House: Passed House by Voice Vote.

    Source: Floor

12. 25 June 1984

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

13. 28 June 1984

    Floor

    Presented to President.

    Source: Floor

14. 28 June 1984

    President

    Presented to President.

    Source: President

15. 28 June 1984

    Floor

    By Senator Weicker from Committee on Small Business filed written report. Report No. 98-542.

    Source: Floor

16. 28 June 1984

    Committee

    By Senator Weicker from Committee on Small Business filed written report. Report No. 98-542.

    Source: Committee

17. 10 July 1984

    Became law

    Became Public Law No: 98-352.

    Source: President

18. 10 July 1984

    Became law

    Signed by President.

    Source: BecameLaw

19. 10 July 1984

    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

4 official files

• Public Law (PDF)

  Public Law · EN · 11 July 1984

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 21 June 1984

  Open at official source

• Reported to Senate with amendment(s)

  summary · EN · 20 June 1984

  Open at official source

• Introduced in Senate

  summary · EN · 29 February 1984

  Open at official source

Sponsors

• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Bumpers, Dale [D-AR] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Dixon, Alan J. [D-IL] · D · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• Sen. Gorton, Slade [R-WA] · R · Cosponsor
• Rep. Andrews, Mark [R-ND-At Large] · R · Cosponsor
• Sen. Jepsen, Roger W. [R-IA] · R · Cosponsor
• Sen. Sarbanes, Paul S. [D-MD] · D · Cosponsor
• Sen. Kennedy, Edward M. [D-MA] · D · Cosponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Cosponsor
• Sen. Percy, Charles H. [R-IL] · R · Cosponsor
• Sen. Levin, Carl [D-MI] · D · Cosponsor
• Sen. Pell, Claiborne [D-RI] · D · Cosponsor
• · sssb00 · Standing

Related records

• related to → Small Business Secondary Market Improvements Act of 1984