HR 12618 · 95th Congress · Commerce

A bill to amend the Small Business Investment Act of 1958 to authorize the Small Business Administration to guarantee payment of principal and interest on, debentures issued by any State or local development company, and to finance the purchase of such debentures through the Federal Finance Bank.

Introduced 1978-05-09· Sponsored by Rep. LaFalce, John J. [D-NY-36]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Small Business.(1978-05-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Investment Act of 1958 to authorize the Small Business Administration to guarantee the timely payment of all principal and interest as scheduled on any debenture issued by any qualified State or local development company.…

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