To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through June 4, 2004, and for other purposes.
Latest action · Apr 5, 2004 Became Public Law No: 108-217.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 30, 2004
- Passed HouseMar 31, 2004
- Passed SenateApr 1, 2004
- To the PresidentApr 2, 2004
- Became lawApr 5, 2004Public Law 108-217
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House passed version is repeated here.)
(Sec. 1) Extends through June 4 (currently, April 2), 2004, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is authorized under the Small Business Act (the Act) or the Small Business Investment Act of 1958 (SBIA) as of September 30, 2003.
(Sec. 2) Amends the SBIA to extend through FY 2004 (currently, May 21, 2004) the authority of the Small Business Administration (SBA) to charge and collect certain fees in connection with the guarantee of development company debentures under the small business investment program.
(Sec. 3) Amends the Act to authorize the SBA to make specified amounts in purchases of participating securities and guarantees of debentures under the SBIA small business investment company program.
(Sec. 4) Provides that, during the period beginning on the enactment of this Act and ending on September 30, 2004, in the case of any combination financing by a small business (receiving a loan guaranteed by the SBA and a commercial loan, no portion of which is guaranteed by the Federal Government), the amount of the commercial loan shall not exceed the gross amount of the guaranteed loan which is part of the financing. Allows the commercial loan to be: (1) made by the lender providing the guaranteed financing or by a different lender; (2) secured by a senior lien; and (3) made by a lender in the Preferred Lenders Program. Requires a fee to be paid by the lender to the SBA if the commercial loan has a senior credit position to that of the guaranteed loan.
(Sec. 5) Directs the SBA Administrator, during the same period as above, to assess and collect a loan guarantee fee, which shall be a percentage of the outstanding balance of the deferred participation share of the loan. Terminates, during such period, the authority of lenders under SBA-guaranteed loans to retain any loan guarantee fees collected.
(Sec. 6) Limits the authority to make Express Loans to those lenders deemed qualified by the Administrator. Increases, until the end of FY 2004, the maximum loan amount under the Express Loan Pilot Program. Gives a qualified lender the option to participate in such Program.
(Sec. 7) Continues through FY 2004 current SBA guaranteed loan deferred participation standards.
(Sec. 8) Provides through FY 2004: (1) an increase in SBA guaranteed loan limits; and (2) an additional loan guarantee fee.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Mar 30, 2004 to Mar 31, 2004; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Nydia M. Velázquez | Original | Mar 30, 2004 |
| R-NH | Jeb Bradley | Mar 31, 2004 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Mar 30, 2004 |
Actions 13
Everything that happened, newest first.
- Apr 5, 2004Signed by President.
- Apr 5, 2004Became Public Law No: 108-217.
- Apr 2, 2004Message on Senate action sent to the House.
- Apr 2, 2004Presented to President.
- Apr 1, 2004Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. (consideration: CR S3595)
- Mar 31, 2004Mr. Manzullo moved to suspend the rules and pass the bill.
- Mar 31, 2004Considered under suspension of the rules. (consideration: CR H1746-1750)
- Mar 31, 2004DEBATE - The House proceeded with forty minutes of debate on H.R. 4062.
- Mar 31, 2004Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H1746-1747)
- Mar 31, 2004Motion to reconsider laid on the table Agreed to without objection.
- Mar 31, 2004Received in the Senate, read twice.
- Mar 30, 2004Introduced in House
- Mar 30, 2004Referred to the House Committee on Small Business.
In the Congressional Record 4
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E617 | Donald A. Manzullo R-IL | Apr 22, 2004 |
| Senate | Debate and remarks S3785–S3787 | John F. Kerry D-MA | Apr 6, 2004 |
| Senate | Debate and remarks S3595 | Olympia J. Snowe R-ME | Apr 1, 2004 |
| House | Debate and remarks H1746–H1750Text printed H1746 | Bill Shuster R-PA, David E. Price D-NC, Donald A. Manzullo R-IL, Joe Baca D-CA, Juanita Millender-McDonald D-CA, Lynn C. Woolsey D-CA, Madeleine Z. Bordallo D-GU, Nydia M. Velázquez D-NY | Mar 31, 2004 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2186 | SBA Emergency Authorization Extension Act of 2004 | Related bill | Mar 12, 2004 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through June 4, 2004, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
- Administrative fees
- Administrative procedure
- Bank loans
- Bonds
- Business education
- Commerce
- Congress
- Congressional reporting requirements
- Economics and Public Finance
- Entrepreneurs
- Federally-guaranteed loans
- Fees
- Finance and Financial Sector
- Government contractors
- Government lending
- Government Operations and Politics
- Government paperwork
- Government procurement
- Government trust funds
- Law
- Liens
- Minorities
- Minority business enterprises
- Small business
- Small Business Administration
- Standards
- Venture capital
- Women
- Women in business
Text 4
Each version as it was printed, newest first.
- —Enrolled Bill
- Mar 31, 2004Engrossed in House
- Mar 31, 2004Received in Senate
- Mar 30, 2004Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.