legislation: 97-hr-7160

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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-7160 97 hr 7160 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. Commerce 1982-09-22 1982-10-08 Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems. House Rep. Edwards, Don [D-CA-10] CA D E000064 21 Amends the Small Business Act to authorize the Small Business Administration to make loans to small businesses in areas of economic dislocation resulting from: (1) drastic fluctuation in the value of the currency; and (2) adjustments in the regulation of the monetary system of a country contiguous to the United States. Requires that such economic dislocation be of such magnitude that without the benefit of the loans under this Act a significant number of otherwise financially sound small businesses in those areas would become insolvent or would be unable to return quickly to their former level of operation. 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. 2024-02-07T15:46:26Z  

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