[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4026 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4026

    To amend the Small Business Act to authorize appropriations for 
 deferred participation loans to small business concerns detrimentally 
        affected by defense reductions, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 11, 1994

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

_______________________________________________________________________

                                 A BILL


 
    To amend the Small Business Act to authorize appropriations for 
 deferred participation loans to small business concerns detrimentally 
        affected by defense reductions, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Defense Conversion 
Loan Guarantee Act of 1994''.

SEC. 2. LOANS FOR SMALL BUSINESS CONCERNS DETRIMENTALLY AFFECTED BY 
              DEFENSE REDUCTIONS.

    (a) Participation by SBA.--Section 7(a)(21)(A) of the Small 
Business Act (15 U.S.C. 636(a)(21)(A)) is amended by inserting ``on a 
deferred (guaranteed) basis'' after ``loans''.
    (b) Eligibility Requirements.--Section 7(a)(21)(A)(i) of such Act 
is amended--
            (1) in subclause (I) by striking ``; or'' and inserting a 
        semicolon; and
            (2) by adding after subclause (II) the following:
                    ``(III) a substantial reduction in the revenues of 
                the small business concern due to an overall reduction 
                in economic activity within the community from which 
                such small business concern derives revenues, if such 
                reduction in economic activity is a direct result of 
                the factors described in subclause (I) or (II); or''.

SEC. 3. AUTHORIZATION OF APPROPRIATIONS.

    (a) Technical Correction.--Section 20 of the Small Business Act (15 
U.S.C. 631 note) is amended by redesignating subsection (k), as added 
by section 115(a) of the Small Business Credit and Business Opportunity 
Enhancement Act of 1992, as subsection (q).
    (b) Fiscal Year 1995.--Section 20(k) of such Act is amended by 
adding at the end the following:
            ``(2) For the program authorized by section 7(a)(21), the 
        Administration is authorized to make not more than 
        $4,000,000,000 in deferred participation loans.''.
    (c) Fiscal Year 1996.--Section 20(m) of such Act is amended by 
adding at the end the following:
            ``(2) For the program authorized by section 7(a)(21), the 
        Administration is authorized to make not more than 
        $4,000,000,000 in deferred participation loans.''.

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