HR 2994 · 108th Congress · Commerce

To amend the Small Business Act to prohibit the Administrator of the Small Business Administration from selling loans made by the Administrator under the disaster loan program.

Introduced 2003-09-03· Sponsored by Rep. Peterson, Collin C. [D-MN-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2003-09-03)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to prohibit the Administrator of the Small Business Administration (SBA) from selling any loan made under its Disaster Loan Program, including by direct sale, by the sale of loan participations, or by including such loans in a pool of assets in the sale of asset-backed securities.…

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