[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 1603 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 1603

 To amend the Small Business Act concerning the level of participation 
  by the Small Business Administration in loans guaranteed under the 
                    Export Working Capital Program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 11, 1996

  Mr. Kerry (for himself and Mr. Lautenberg) introduced the following 
   bill; which was read twice and referred to the Committee on Small 
                                Business

_______________________________________________________________________

                                 A BILL


 
 To amend the Small Business Act concerning the level of participation 
  by the Small Business Administration in loans guaranteed under the 
                    Export Working Capital Program.

    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 Export Enhancement 
Act of 1996''.

SEC. 2. LEVEL OF PARTICIPATION IN GUARANTEED LOANS UNDER EXPORT WORKING 
              CAPITAL PROGRAM.

    Section 7(a)(2) of the Small Business Act (15 U.S.C. 636(a)(2)) is 
amended by adding at the end the following new subparagraph:
                    ``(D) Participation under export working capital 
                program.--Notwithstanding subparagraph (A), in an 
                agreement to participate in a loan on a deferred basis 
                under the Export Working Capital Program established 
                pursuant to paragraph (14)(A), such participation by 
                the Administration shall be equal to the rate specified 
                under this paragraph as in effect on the day before the 
                date of the enactment of the Small Business Lending 
                Enhancement Act of 1995.''.
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