HR 829 · 93th Congress · Commerce

Small Business Crime Insurance Act

Introduced 1973-01-03· Sponsored by Rep. Murphy, John M. [D-NY-17]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Banking and Currency.(1973-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Crime Insurance Act - Provides that the Associate Administrator for Insurance of the Small Business Administration shall make available to small business concerns insurance policies insuring losses resulting from criminal acts to the extent that such insurance is not available from other sources on reasonable terms. Provides that the Treasury Department shall loan $50,000,000 as initial capital to create a revolving fund to issue the insurance. Limits the total borrowings from the Treasury to $100,000,000.…

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