HR 433 · 100th Congress · Commerce

A bill to amend the Small Business Act to authorize the Small Business Administration to purchase equity securities of qualified small business concerns.

Introduced 1987-01-06· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on SBA, and the General Economy.(1987-02-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to authorize the Small Business Administration to purchase stock from qualified small business corporations. Prohibits the purchase of such stock if the total amount outstanding and committed (by participation or otherwise) to the corporation from the business loan and investment fund exceeds $750,000. Authorizes appropriations.…

Summarized by Claude AI · Non-partisan · For informational purposes only