[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1258 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 1258

 To amend the Small Business Act to increase the guarantee fee charged 
by the Small Business Administration on general business loans, and for 
                            other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 16, 1995

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

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act to increase the guarantee fee charged 
by the Small Business Administration on general business loans, 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 Capital Access Act of 
1995''.

SEC. 2. LENDER PAID FEES.

    The first sentence of section 5(g)(4)(A) of the Small Business Act 
(15 U.S.C. 634(g)(4)(A)) is amended to read as follows: ``The 
Administration may collect the following fees: (i) for loan guarantees 
made pursuant to section 7(a), an amount equal to not more than \4/10\ 
of one percent per year of the outstanding principal amount of the 
portion of such loan guaranteed by the Administration, and (ii) for 
loan guarantees sold into the secondary market pursuant to subsection 
(f) of this section, an amount equal to not more than 50 percent of the 
portion of the sale price which is in excess of 110 percent of the 
outstanding principal amount of any portion of such loan guaranteed by 
the Administration.''.

SEC. 3. GUARANTEE FEES.

    Section 7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) 
is amended by striking ``a guarantee fee equal to two percent of the 
amount of the deferred participation share of any loan under this 
subsection'' and inserting ``a guarantee fee equal to two percent of 
the gross amount of any loan guaranteed under this subsection''.
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