S 1369 · 95th Congress · Commerce

A bill to amend the Small Business Act with respect to loan moratoriums.

Introduced 1977-04-25· Sponsored by Sen. Durkin, John A. [D-NH]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Select Committee on Small Business.(1977-04-25)

Plain Language Summary

[AI summary unavailable — showing source text] Prohibits any payment, from being required of a small business on a loan used for the financing of construction projects while payments are being made by the Small Business Administration pursuant to the assumption of such business's obligation, or while the Administration has suspended payment on its own loan. Limits the period of such assumption of suspension to five years. Sets the prerequisites for receiving the loan and the conditions for repayment of such loan.…

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