legislation: 103-s-1830

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
103-s-1830 103 s 1830 Small Business Defense Conversion Assistance Act of 1994 Commerce 1994-02-04 1994-06-14 Placed on Senate Legislative Calendar under General Orders. Calendar No. 462. Senate Sen. Feinstein, Dianne [D-CA] CA D F000062 13 TABLE OF CONTENTS: Title I: Small Business Defense Conversion Loan Guarantee Program Title II: Miscellaneous Small Business Administration Authorities Small Business Defense Conversion Assistance Act of 1994 -Title I: Small Business Defense Conversion Loan Guarantee Program - Amends the Small Business Act (the Act) to authorize the Small Business Administration (SBA) to make up to $4 billion in guaranteed loans for the small business defense conversion program (a program aiding small businesses adversely affected by military base closures or defense program terminations). Adds to small businesses eligible for such loans those experiencing substantial revenue reduction because of an overall reduction in economic activity in a community due to such closures or terminations. Requires such defense conversion loans to be funded through appropriations that are separate and distinct from funds appropriated for general business loans under the Act. Title II: Miscellaneous Small Business Administration Authorities - Authorizes appropriations for FY 1995 through 1997 under the Small Business Development Center Program for the defense conversion assistance program. Requires 50 percent of such grant amounts to be provided by non-Federal sources. Prohibits any such amounts from being included in the calculation of the amount of SBA assistance to the Development Center Program. Directs the SBA to develop procedures to ensure that assistance is provided for projects that have the greatest potential for creating new jobs in areas experiencing terminations or reductions due to reductions in defense spending or for preventing job loss by small business employees, and that have substantial potential for stimulating new economic activity in communities most impacted by reductions in defense spending. Increases the amount authorized for the Small Business Development Company loan program. Authorizes the SBA Administrator to pay transportation expenses and per diem for up to 12 months (currently six) for SBA employees rendering temporary services in connection with disaster assistance. 2025-01-14T17:16:56Z  

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