HR 1593 · 98th Congress · Commerce

A bill to amend the Small Business Act to provide assistance to areas of economic dislocation in the United States that is the result of drastic fluctuation in the value of the currency in a country contiguous to the United States.

Introduced 1983-02-23· Sponsored by Rep. Bates, Jim [D-CA-44]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Ordered to be Reported (Amended).(1983-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Act to authorize the Small Business Administration to make loans to small businesses in areas of economic dislocation resulting from drastic fluctuation in the value of the currency of a country contiguous to the United States and adjustments in the regulation of its monetary system. Limits each loan to a maximum of $100,000. Prohibits the use of loan proceeds to reduce other loans. Permits the deferral of loan repayment for one year.…

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

Cosponsors (20)

20 Democrats