HR 11445 · 95th Congress · Commerce

A bill to amend the Small Business Act and the Small Business Investment Act of 1958.

Introduced 1978-03-09· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

1
Introduced
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Vetoed by President.(1978-10-25)

Recorded Votes

PassedHouse · 1978-10-04
Yea 396Nay 10
PassedHouse · 1978-10-04
Yea 396Nay 10

Plain Language Summary

[AI summary unavailable — showing source text] Title I: Amendments to Small Business Administration Disaster Loan Authority - Amends the Small Business Act to authorize the Small Business Administration to make physical disaster loans to cover losses during the period beginning July 1, 1976, and ending October 1, 1982, at a five percent rate of interest. Authorizes the Administrator of the Small Business Administration to make and issue notes to the Secretary of the Treasury for the purpose of obtaining funds necessary for discharging obligations under the disaster loan revolving fund created by the Small Business Act. Title II: Authorizations and Limitations - Authorizes funds for the small business development center program through fiscal year 1982. Title III: Management and Technical Assistance - Authorizes the Administration to make a grant to any State or local government, development credit corporation, land-grant college, or specified school for small business oriented employment or natural resources development programs including research, counseling, and technical assistance provided that an additional amount equal to the amount of such grant is from a source other than the Federal Government. Title IV: White House Co…

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

Cosponsors (17)

11 Democrats6 Republicans