A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.

Bill Number

S 3172

Introduced

Nov 15, 2002

Latest Action

Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subseque ...

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Topics

Appropriations Commerce Congress Congressional reporting requirements Crime and Law Enforcement Disaster loans Economic forecasting Economics and Public Finance Emergency Management Federally-guaranteed loans Finance and Financial Sector Government and business Government Operations and Politics International Affairs Small business Terrorism

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Summary

Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use: (1) the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions; and (2) historical data included in the FY 2003 budget. Requires the Small Business Administration (SBA), after written notification to Congress, to implement the validated, OMB-approved rate for FY 2003.

Amends the Department of Defense and Emergency Supplemental Appropriations for Recovery from and Response to Terrorist Attacks on the United States Act, 2002 to allow funds appropriated to the SBA for emergency expenses to also be used for such loan guarantee subsidies.

Actions

Nov 19, 2002

Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 19, 2002

Received in the House.
Nov 19, 2002

Message on Senate action sent to the House.
Nov 15, 2002

Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S11219-11222; text as passed Senate: CR S11222)
Nov 15, 2002

Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S11219-11222; text as passed Senate: CR S11222)
Nov 15, 2002

Introduced in Senate

Amendments

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