[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4944 Referred in Senate (RFS)]

  2d Session
                                H. R. 4944


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

           September 27 (legislative day, September 22), 2000

  Received; read twice and referred to the Committee on Small Business

_______________________________________________________________________

                                 AN ACT


 
To amend the Small Business Act to permit the sale of guaranteed loans 
made for export purposes before the loans have been fully disbursed to 
                               borrowers.

    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 ``Export Working Capital Loan 
Improvement Act of 2000''.

SEC. 2. SALE OF GUARANTEED LOANS MADE FOR EXPORT PURPOSES.

    Section 5(f)(1)(C) of the Small Business Act (15 U.S.C. 
634(f)(1)(C)) is amended to read as follows:
            ``(C) each loan, except each loan made under section 
        7(a)(14), shall have been disbursed to the borrower prior to 
        any sale.''.

            Passed the House of Representatives September 26, 2000.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.