HR 12843 · 93th Congress · Commerce
A bill to amend the Small Business Act to provide low interest operating loans to small businesses seriously affected by a shortage in energy producing materials.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Banking and Currency.(1974-02-14)
Plain Language Summary
[AI summary unavailable — showing source text]
Empowers the Small Business Administration, where other financial assistance is not available on reasonable terms, to make loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) at a rate of interest not to exceed 3 percent per year to assist any small business concern to meet operating costs, if the Administration determines that such business concern has suffered substantial economic injury as the result of a shortage in energy producing material. Limits such loans to a period of 5 years.…
Summarized by Claude AI · Non-partisan · For informational purposes only