[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3881 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 3881

To amend the Small Business Act to eliminate restrictions on providing 
   financial assistance to small business concerns engaged in media-
                          related industries.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 23, 1994

  Mr. Duncan introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to eliminate restrictions on providing 
   financial assistance to small business concerns engaged in media-
                          related industries.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SMALL BUSINESS CONCERNS ENGAGED IN MEDIA-RELATED INDUSTRIES.

    (a) Eligibility for Financial Assistance.--Section 3 of the Small 
Business Act (15 U.S.C. 632) is amended by adding at the end the 
following new subsection:
    ``(n) Media-Related Concerns.--For purposes of this Act, a small 
business concern shall not be considered ineligible for financial 
assistance, including loans under section 7(a), solely on the basis 
that the concern is engaged in a broadcast, print, or other media-
related industry.''.
    (b) Repeal of Opinion Molder Rule.--Not later than 60 days after 
the date of the enactment of this Act, the Administrator of the Small 
Business Administration shall--
            (1) issue regulations to repeal section 120.101-2(b) of 
        title 13, Code of Federal Regulations; and
            (2) take such other actions as may be necessary to carry 
        out the amendment made by subsection (a).

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