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HR 2130 103th Congress House Commerce Federally-guaranteed loans Interest rates Securities Small business

Small Business 503 Loan Refinancing Assistance Act of 1993

Introduced: May 17, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 1993
Referred to the Subcommittee on SBA Legislation and the General Economy.
May 17, 1993
Referred to the House Committee on Small Business.
May 17, 1993
Sponsor introductory remarks on measure. (CR E1259)
May 17, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Small Business 503 Loan Refinancing Assistance Act of 1993 - Amends the Small Business Investment Act of 1958 to permit a qualified State or local development company that issues a debenture purchased by the Federal Financing Bank (Bank) and guaranteed by the Small Business Administration (SBA), at the election of the small business borrower whose loan secures such debenture, to: (1) continue to make payments under the original debenture terms; (2) make payments at an adjusted interest rate; or (3) prepay the debenture to the Bank by paying the unpaid principal balance and the amount of the repurchase premium (determined under this Act).

Prohibits any fees or penalties other than those specified in this Act from being imposed against the issuer, borrower, or the SBA as a condition for adjusting the interest rate or prepayment.

What's happening now July 15, 1993

Referred to the Subcommittee on SBA Legislation and the General Economy.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4
D
Markey, Edward J.
Massachusetts · Jul 13, 1993
 D
Durbin, Richard J.
Illinois · May 17, 1993
 D
Mfume, Kweisi
Maryland · May 17, 1993
 D
Wyden, Ron
Oregon · May 17, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2130: Small Business 503 Loan Refinancing Assistance Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2130/
MLA
"H.R. 2130: Small Business 503 Loan Refinancing Assistance Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2130/.
Bluebook (legal)
H.R. 2130, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2130/.
Markdown link
[H.R. 2130: Small Business 503 Loan Refinancing Assistance Act of 1993](https://openamerica.io/bill/103-HR-2130/)
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