A bill to amend the Small Business Act with respect to loan moratoriums.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Apr 25, 1977)
Prohibits any payment, from being required of a small business on a loan used for the financing of construction projects while payments are being made by the Small Business Administration pursuant to the assumption of such business's obligation, or while the Administration has suspended payment on its own loan. Limits the period of such assumption of suspension to five years. Sets the prerequisites for receiving the loan and the conditions for repayment of such loan.
What just happenedApr 25, 1977
Referred to Senate Select Committee on Small Business.
Who’s behind it
- Apr 25, 1977IntroReferral
Referred to Senate Select Committee on Small Business.
Small Business and Entrepreneurship Committee - Apr 25, 1977IntroReferral10000
Introduced in Senate