HR 2647 · 95th Congress · Commerce

An Act to amend the Small Business Act and the Small Business Investment Act of 1958.

Introduced 1977-01-27· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

1
Introduced
2
Committee
House Vote
4
Senate
Enacted
Latest: 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

[AI summary unavailable — showing source text] 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

Cosponsors (1)

1 Republican