HR 3608 · 99th Congress · Commerce

A bill to amend the Small Business Investment Act of 1958.

Introduced 1985-10-23· Sponsored by Rep. Mitchell, Parren J. [D-MD-7]· House

Bill Progress

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Introduced
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Committee
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House Vote
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Senate
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Enacted
Latest: Became Public Law No: 99-226.(1985-12-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Small Business Investment Act of 1958 to provide that small business investment companies that make loans to small businesses may charge interest on such loans at a rate which does not exceed the maximum rate prescribed by Small Business Administration regulation (determined without regard to any State rate incorporated by such regulation).…

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