legislation: 97-hr-6237

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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
97-hr-6237 97 hr 6237 A bill to amend the Small Business Act to require that priority be given to applications for matching loans for small business concerns located in labor surplus areas. Commerce 1982-04-29 1982-04-29 Referred to House Committee on Small Business. House Rep. McDade, Joseph M. [R-PA-10] PA R M000399 12 Amends the Small Business Act to require that Small Business Administration (SBA) loans be made on the following priority basis: (1) where the use of the loan will result in the creation of multiple employment opportunities in any labor surplus area; (2) where the proceeds of the SBA's share of the loan will be used to purchase, construct, or rehabilitate buildings or to purchase machinery or equipment to be located in any labor surplus area; and (3) other cases. Specifies the maximum amount of the SBA's share of any such loan. Eliminates authorizations for FY 1983 and 1984 for: (1) SBA loans to small businesses located in areas with high unemployment and low incomes or owned by low-income individuals; and (2) SBA loans to small businesses engaged in the design, manufacture, or sale of energy measures. 2024-02-07T15:46:26Z  

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