HR 2647 · 95th Congress · Commerce
An Act to amend the Small Business Act and the Small Business Investment Act of 1958.
Bill Progress
1
Introduced2
Committee✓
House Vote4
Senate✓
EnactedLatest: Public law 95-14.(1977-03-24)
Recorded Votes
PassedHouse · 1977-03-14
Yea 355Nay 1
PassedHouse · 1977-03-14
Yea 355Nay 1
Plain Language Summary
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Amends the Small Business Investment Act of 1958 to increase the authorization of appropriation for surety bond guarantees from $56,500,000 to $110,000,000. Increases from $6,000,000,000 to $8,000,000,000 the amount authorized to be appropriated for the business loan and investment fund of the Small Business Administration. Increases from $450,000,000 to $525,000,000, the amount authorized to be appropriated for economic opportunity loans. Increases the funds for Small Business Investment Companies from $725,000,000 to $1,100,000,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only