Summary: H.R.9734 — 94th Congress (1975-1976)All Information (Except Text)

There is one summary for H.R.9734. Bill summaries are authored by CRS.

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Introduced in House (09/19/1975)

Empowers the Small Business Administration, under the provisions of the Small Business Act, to make loans to enable small business concerns to finance residential housing construction or rehabilitation for sale or rental.

Requires the Administration to determine the reasonableness of repayment of its loans on a case-by-case basis.

Stipulates that the Administration may engage in activities which involve borrowers who may, from time to time, take advantage of other Federal programs in carrying out their business, notwithstanding the restriction which prohibits the Administration from duplicating the work or activities of any other department or agency of the Federal Government.