S 1672 · 93th Congress · Commerce

An original bill to amend the Small Business Act.

Introduced 1973-04-30· Sponsored by Sen. Cranston, Alan [D-CA]· Senate

Bill Progress

1
Introduced
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Motion to override veto failed of passage in Senate, roll call #417 (59-36).(1973-09-25)

Recorded Votes

FailedSenate · 1973-09-25
Yea 59Nay 36
FailedSenate · 1973-09-25
Yea 59Nay 36
PassedSenate · 1973-05-17
Yea 82Nay 1

Plain Language Summary

[AI summary unavailable — showing source text] Increases, under the Small Business Act, the total amount of loan assistance which may be outstanding to: (1) $6,600,000,000 under specified sections of this Act and the Economic Opportunity Act; (2) $725,000,000 under title III of the Small Business Investment Act; (3) $600,000,000 under title IV of the Small Business Investment Act; and (4) $475,000,000 under specified sections of the Economic Opportunity Act. Includes, as the purpose of the Small Business Act, the making of loans to assist small businesses in effecting alterations or additions to plants to meet Federal or State law requirements, where such businesses are likely to suffer substantial economic injury without such assistance. (Amends 15 U.S.C. 633)…

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