Summary: H.R.7297 — 96th Congress (1979-1980)All Information (Except Text)

There is one summary for H.R.7297. Bill summaries are authored by CRS.

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Introduced in House (05/07/1980)

Amends the Small Business Investment Act of 1958 to transfer the authority to invest moneys in federally-guaranteed bonds from the (Treasury) surety bond fund to the (Treasury) qualified contract fund.

Amends the Small Business Act to authorize the Administrator of the Small Business Administration to delegate certain responsibilities respecting deferred participation loans to participating lending institutions, including eligibility determination, loan monitoring, collection, and liquidation.

Includes "Asian Pacific Americans" within the definition of socially disadvantaged groups for purposes of such Act.