Summary: S.2613 — 94th Congress (1975-1976)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed Senate amended (09/27/1976)

(Measure passed Senate, amended, roll call #654 (73-0))

Amends the Small Business Investment Act of 1958 to increase the authority of the Associate Administrator with respect to rendering financial assistance to small business investment companies.

Places limits on the amount of financing which shall be available to small businesses, such limitations to be based on private paid-in capital and paid-in surplus of such business.

Permits small business investment companies to deposit funds in savings and loan institutions.

Allows the Small Business Administration to finance residential or commercial construction or rehabilitation for sale or rent.