HR 3412 · 105th Congress · Commerce
Year 2000 Readiness and Small Business Programs Restructuring and Reform Act of 1998
Bill Progress
1
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Message on Senate action sent to the House.(1998-10-01)
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Plain Language Summary
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Small Business Investment Company Technical Corrections Act of 1998 - Amends the Small Business Investment Act of 1958 to: (1) remove a requirement that at least 50 percent of the annual program level of approved participating securities under the small business investment company (SBIC) program be reserved for funding with SBICs having private capital of not more than $20 million; (2) provide for the determination of an eligible small business or smaller enterprise that is not required to pay Federal income tax at the corporate level but that is required to pass income through to its shareholders or partners by using a specified formula to compute its after-tax revenues; and (3) require the Small Business Administration to issue SBIC guarantees and trust certificates at periodic intervals of not less than 12 (currently six) months.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3412, Small Business Investment Company Technical Corrections Act of 1998
Mar 16, 1998Cost estimate for the bill as ordered reported by the House Committee on Small Business on March 12, 1998
Full CBO report ↗H.R. 3412, Year 2000 Readiness and Small Business Programs Restructuring and Reform Act of 1998
Sep 28, 1998Cost estimate for the bill as ordered reported by the Senate Committee on Small Business on September 25, 1998
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office