S 527 · 95th Congress · Commerce

A bill to amend the Small Business Act by authorizing the Small Business Administration to furnish reinsurance for property liability insurers for small business concerns which would not otherwise be able to obtain product liability insurance on reasonable terms.

Introduced 1977-01-31· Sponsored by Sen. Culver, John C. [D-IA]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Select Committee on Small Business.(1977-01-31)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to authorize the Small Business Administration to offer reinsurance to any insurer or pool against excess losses resulting from products liability claims or completed operations claims against small business concerns. Authorizes the Administration to establish such limits on liability and charges for reinsurance as it deems appropriate.…

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

Cosponsors (6)

6 Democrats