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United States · Law · S

S. 2498 (94th)

An Act to amend the Small Business Act and Small Business Investment Act of 1958 to provide additional assistance under such Acts, to create a pollution control financing program for small business, and for other purposes.

openUnited States· United States Congress· EN

Introduced

8 October 1975

Last action

4 June 1976 · President

Status

Public law 94-305.

Sponsors

Sen. Morgan, Robert B. [D-NC], Sen. Garn, E. J. (Jake) [R-UT]

Subjects

Housing

Source updated

7 May 2025

Housing

Summary

Small Business Export Development Act - Title I: Establishes in the Small Business Administration the Office of Export Development to be headed by an Associate Administrator for Export Development. Directs the Office to assist and counsel small business concerns which are interested in undertaking or expanding export activities by: (1) providing technical assistance and advice to assist them in carrying out export activities; (2) surveying and identifying small businesses which possess undeveloped export potential and which are interested in joining with other small businesses in United States export associations; and (3) obtaining operating and other business information in order to provide assistance and advice on identifying products which have export potential, the combination of products for efficient exportation, and the development of export markets. Transfers all authorities and functions of the Small Business Administration with respect to disaster loans under the Small Business Act for the repair, rehabilitation, or replacement of real or personal property (other than real or personal property owned by business concerns) to the Secretary of Housing and Urban Development. Authorizes the Administration to guarantee the payment of amounts due under qualified contracts for pollution control facilities to small business concerns determined to be at a financial disadvantage with respect to installing such facilities. Provides for the expansion of small business investment company leverage, guarantees, and licensing of noncorporate small business investment companies. Repeals the 50-percent limitation on bank investment in small business investment companies. Authorizes the making of loans under the Small Business Investment Act for plant acquisition. Increases loan limits for Economic Opportunity programs, local development companies, and regular business loans under the Small Business Act. Title II: National Commission On Small Business In America - Establishes the National Commission on Small Business in America to study the role of small business in the American economy and to analyze the effectiveness of Federal subsidy and assistance programs in promoting small business. Requires the Commission to report its findings within two years of enactment of this Act. Authorizes appropriations necessary to carry out the provisions of this Act.

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

Timeline

  1. 8 October 1975

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 94-420.

    Source: Committee

  2. 8 October 1975

    Reported

    Reported to Senate from the Committee on Banking, Housing and Urban Affairs, S. Rept. 94-420.

    Source: Committee

  3. 8 October 1975

    Introduced

    Referred to Senate Committee on Banking, Housing and Urban Affairs.

    Source: IntroReferral

  4. 8 October 1975

    Introduced

    Introduced in Senate

    Source: IntroReferral

  5. 29 October 1975

    Introduced

    Referred to Senate Committee on Commerce.

    Source: IntroReferral

  6. 26 November 1975

    Reported

    Reported to Senate from the Committee on Commerce with amendment, S. Rept. 94-501.

    Source: Committee

  7. 26 November 1975

    Reported

    Reported to Senate from the Committee on Commerce with amendment, S. Rept. 94-501.

    Source: Committee

  8. 12 December 1975

    Floor

    Measure called up by unanimous consent in Senate.

    Source: Floor

  9. 12 December 1975

    Vote

    Passed/agreed to in Senate: Measure passed Senate, amended, roll call #589 (69-5).

    Source: Floor

  10. 17 December 1975

    Passed

    Measure passed House, amended (Provisions of H.R. 9056 inserted in lieu thereof).

    Source: Floor

  11. 17 December 1975

    Passed

    Passed/agreed to in House: Measure passed House, amended (Provisions of H.R. 9056 inserted in lieu thereof).

    Source: Floor

  12. 17 December 1975

    Floor

    Measure called up by unanimous consent in House.

    Source: Floor

  13. 11 March 1976

    ResolvingDifferences

    Conference scheduled in Senate.

    Source: ResolvingDifferences

  14. 15 March 1976

    ResolvingDifferences

    Conference scheduled in House.

    Source: ResolvingDifferences

  15. 10 May 1976

    ResolvingDifferences

    Conference report filed in House, H. Rept. 94-1115.

    Source: ResolvingDifferences

  16. 10 May 1976

    ResolvingDifferences

    Conference report filed: Conference report filed in House, H. Rept. 94-1115.

    Source: ResolvingDifferences

  17. 13 May 1976

    Vote

    House agreed to conference report, roll call #268 (392-0).

    Source: ResolvingDifferences

  18. 13 May 1976

    Vote

    Conference report agreed to in House: House agreed to conference report, roll call #268 (392-0).

    Source: ResolvingDifferences

  19. 20 May 1976

    Passed

    Senate agreed to conference report.

    Source: ResolvingDifferences

  20. 20 May 1976

    Passed

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

    Source: ResolvingDifferences

  21. 24 May 1976

    Floor

    Measure presented to President.

    Source: Floor

  22. 24 May 1976

    President

    Measure presented to President.

    Source: President

  23. 24 May 1976

    President

    Measure enrolled in Senate.

    Source: President

  24. 24 May 1976

    President

    Measure enrolled in House.

    Source: President

  25. 4 June 1976

    President

    Public law 94-305.

    Source: President

  26. 4 June 1976

    Became law

    Signed by President.

    Source: BecameLaw

  27. 4 June 1976

    President

    Signed by President.

    Source: President

Votes

· Official source

Yes 0 · No 0 · Abstain — · Absent/not voting 0

    Versions

    No version snapshots stored. Document URLs remain at the source.

    Documents

    3 official files

    Public Law (PDF)

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    • Public Law (PDF)

      Public Law · EN · 5 June 1976

      ViewDownloadOpen at official source

    • Conference report filed in House

      summary · EN · 10 May 1976

      Open at official source

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    • Introduced in Senate

      summary · EN · 8 October 1975

      Open at official source

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