H.R.9734 - A bill to amend the Small Business Act to provide that determinations by the Administration of the reasonable assurance of repayment of prospective loans be made on a case-by-case basis and to clarify the eligibility of small business homebuilding firms for assistance under the Small Business Act.94th Congress (1975-1976)
|Sponsor:||Rep. LaFalce, John J. [D-NY-36] (Introduced 09/19/1975)|
|Committees:||House - Small Business|
|Latest Action:||House - 09/19/1975 Referred to House Committee on Small Business. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.9734 — 94th Congress (1975-1976)All Information (Except Text)
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.