S.2613 - A bill to amend the Small Business Investment Act of 1958, to change the title and duties of the Associate Administrator for Finance and Investment of the Small Business Administration.94th Congress (1975-1976)
|Sponsor:||Sen. Morgan, Robert B. [D-NC] (Introduced 11/04/1975)|
|Committees:||Senate - Banking, Housing, and Urban Affairs | House - Small Business|
|Committee Reports:||S.Rept 94-1177|
|Latest Action:||House - 09/28/1976 Referred to House Committee on Small Business. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed Senate
Here are the steps for Status of Legislation:
- Passed Senate
Summary: S.2613 — 94th Congress (1975-1976)All Information (Except Text)
(Measure passed Senate, amended, roll call #654 (73-0))
Passed Senate amended (09/27/1976)
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.