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Bill106th CongressFiled Apr 29, 1999Commerce
S. 918

Military Reservists Small Business Relief Act of 1999

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What it doesSummary passed senate amended (Jul 27, 1999)

Military Reservists Small Business Relief Act of 1999 - Amends the Small Business Act to require the Small Business Administration (SBA), upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is an essential employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has or is likely to suffer economic injury as the result of the essential employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 90 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of units of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance its publicity of the availability of such assistance.

What just happenedJul 29, 1999

Referred to the House Committee on Small Business.

Who’s behind it

Sen. Kerry, John F. [D-MA](D-MA)Sponsor
51 cosponsors31 D21 R
Read on Congress.gov
51cosponsors2committees12actions2related bills24subjects
  1. Jul 29, 1999IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  2. Jul 29, 1999Floor

    Message on Senate action sent to the House.

  3. Jul 29, 1999FloorH14000

    Received in the House.

  4. Jul 27, 1999Floor

    Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9441-9444)

  5. Jul 27, 1999Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S9441-9444)

  6. Jun 23, 1999Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 166.

  7. Jun 23, 1999Committee

    Committee on Small Business. Reported to Senate by Senator Bond with an amendment in the nature of a substitute. With written report No. 106-84.

    Small Business and Entrepreneurship Committee
  8. Jun 23, 1999Committee14000

    Committee on Small Business. Reported to Senate by Senator Bond with an amendment in the nature of a substitute. With written report No. 106-84.

    Small Business and Entrepreneurship Committee
  9. Jun 9, 1999Committee

    Committee on Small Business. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Small Business and Entrepreneurship Committee
  10. Apr 29, 1999IntroReferral

    Read twice and referred to the Committee on Small Business.

    Small Business and Entrepreneurship Committee
  11. Apr 29, 1999IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S4448-4449)

  12. Apr 29, 1999IntroReferral10000

    Introduced in Senate

Passed Senate amendedJul 27, 199935

Military Reservists Small Business Relief Act of 1999 - Amends the Small Business Act to require the Small Business Administration (SBA), upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is an essential employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has or is likely to suffer economic injury as the result of the essential employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 90 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of units of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance its publicity of the availability of such assistance.

Reported to Senate with amendment(s)Jun 23, 199901

Military Reservists Small Business Relief Act of 1999 - Amends the Small Business Act to require the Small Business Administration (SBA), upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is an essential employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has or is likely to suffer economic injury as the result of the essential employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 90 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of units of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance its publicity of the availability of such assistance.

Introduced in SenateApr 29, 199900

Military Reservists Small Business Relief Act of 1999 - Amends the Small Business Act to require the Small Business Administration (SBA), upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is the owner, manager, or key employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has or is likely to suffer economic injury as the result of the owner, manager, or key employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 180 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of units of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance its publicity of the availability of such assistance.