There is one summary for H.R.1822. Bill summaries are authored by CRS.

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Introduced in House (05/14/1999)

Emergency Steel Loan Guarantee Program - Establishes the Emergency Steel Loan Guarantee Program, and the Loan Guarantee Board to administer it, composed of the Secretaries of Commerce, the Treasury, and Labor.

Authorizes such Program to guarantee loans by private banking and investment institutions to qualified steel companies, in accordance with Board-established procedures.

Sets forth loan guarantee parameters.

Authorizes appropriations.

Treats an iron ore company as a qualified steel company for purposes of the Program.