HR 9056 · 94th Congress · Agriculture and Food

A bill to amend the Small Business Act and Small Business Investment Act of 1958 to provide additional assistance under such acts, to create a pollution control financing program for small business.

Introduced 1975-07-30· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Provisions inserted in S. 2498 as passed House.(1975-12-17)

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Authorizes the Small Business Administration to aid and assist small business concerns which are engaged in the production of food and fiber, ranching, and raising of livestock, acquaculture and all other farming and agricultural related industries. Title II: Changes the procedure for determining the interest rate charged for disaster loans made pursuant to the Small Business Act. Title III: Authorizes the Small Business Administration, whenever it determines that small business concerns are or are likely to be at an operational or financing disadvantage with other business concerns with respect to the planning, design, or installation of pollution control facilities, or the obtaining of financing therefor, to guarantee the payment of rentals or other amounts due under qualified contracts. Provides that any such guarantee may be made or effected either directly or in cooperation with any qualified surety company or other qualified company through a participation agreement with such company.…

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

Cosponsors (20)

13 Democrats7 Republicans