HR 3419
102th Congress
House
Commerce
Bank capital
Bank failures
Bank loans
Capital formation
Executive reorganization
Federal advisory bodies
Fees
Finance and Financial Sector
Government paperwork
Government trust funds
Insurance premiums
Investment guaranty insurance
Small business
Stocks
Small Business Recovery Act of 1991
Introduced: September 25, 1991
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 10, 1991
Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.
Oct 1, 1991
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sep 25, 1991
Referred to the House Committee on Small Business.
Sep 25, 1991
Referred to the House Committee on Banking, Finance + Urban Affrs.
Sep 25, 1991
Introduced in House
Plain-English summary
Small Business Recovery Act of 1991 - Authorizes the Small Business Administration (SBA) to enter into agreements to participate, on a guaranteed basis, in the purchase of eligible securities issued pursuant to this Act by certain financial institutions. Sets forth participation criteria.
Establishes the Regional Small Business Recovery Panel to evaluate: (1) applications submitted pursuant to this Act; (2) the type of proposed debt or equity security; and (3) claims for repurchase of approved securities by the SBA.
Requires the SBA to submit a progress report to the Congress.
Establishes the Regional Small Business Recovery Fund.
What's happening now
Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.