Bill100th CongressFiled Jul 8, 1988Commerce
S. 2624
A bill to amend the Small Business Act to provide simplification of forms to encourage certified and preferred lenders to provide loans of $50,000 or less, and for other purposes.
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Under committee review
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What it doesSummary introduced in senate (Jul 8, 1988)
Amends the Small Business Act to authorize the Small Business Administration (SBA) to establish a certified loan program for lenders that display knowledge and proficiency with respect to SBA regulations and programs. Directs the SBA to encourage small business loans of $50,000 or less under both this new program and the preferred lenders program in FY 1989 and 1990 by permitting participating lenders to use their own forms without regard to SBA paperwork.
What just happenedJul 8, 1988
Read twice and referred to the Committee on Small Business.
Who’s behind it
Sen. Boschwitz, Rudy [R-MN](R-MN)Sponsor
1committees2actions11subjects
- Jul 8, 1988IntroReferral
Read twice and referred to the Committee on Small Business.
Small Business and Entrepreneurship Committee - Jul 8, 1988IntroReferral10000
Introduced in Senate