S.1753 - Small Business Recovery Act of 1991102nd Congress (1991-1992)
|Sponsor:||Sen. Lieberman, Joseph I. [D-CT] (Introduced 09/25/1991)|
|Committees:||Senate - Small Business|
|Latest Action:||09/25/1991 Read twice and referred to the Committee on Small Business. (All Actions)|
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Summary: S.1753 — 102nd Congress (1991-1992)All Bill Information (Except Text)
Introduced in Senate (09/25/1991)
Small Business Recovery Act of 1991 - Authorizes the Small Business Administration (SBA) to enter into agreements to participate, on a guaranteed basis, in the purchase of eligible securities issued pursuant to this Act by certain financial institutions. Sets forth participation criteria.
Establishes the Regional Small Business Recovery Panel to evaluate: (1) applications submitted pursuant to this Act; (2) the type of proposed debt or equity security; and (3) claims for repurchase of approved securities by the SBA.
Requires the SBA to submit a progress report to the Congress.
Establishes the Regional Small Business Recovery Fund.