A bill to amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local development companies.
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Apr 1, 1993)
Amends the Small Business Investment Act of 1958 to permit a qualified State or local development company that issues a debenture purchased by the Federal Financing Bank and guaranteed by the Small Business Administration, at the election of the small business borrower whose loan secures such debenture, to prepay the debenture by payment to the Bank of the unpaid principal balance, accrued interest, and repurchase premium amount (as determined under this Act).
Prohibits any fees or penalties from being imposed against the issuer, borrower, or the Administration as a condition of prepayment under this Act.
What just happenedMay 17, 1994
Committee on Small Business. Hearings held.
Who’s behind it
- Introduced in SenateApr 1, 1993
- May 17, 1994Committee
Committee on Small Business. Hearings held.
Small Business and Entrepreneurship Committee - Apr 1, 1993IntroReferral
Read twice and referred to the Committee on Small Business.
Small Business and Entrepreneurship Committee - Apr 1, 1993IntroReferralB00100
Sponsor introductory remarks on measure. (CR S4326-4329)
- Apr 1, 1993IntroReferral10000
Introduced in Senate