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S 2061 103th Congress Senate Commerce Federally-guaranteed loans Fees Finance and Financial Sector Securities Small business

A bill to amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local development companies.

Introduced: May 3, 1994 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
May 17, 1994
Committee on Small Business. Hearings held.
May 3, 1994
Read twice and referred to the Committee on Small Business.
May 3, 1994
Sponsor introductory remarks on measure. (CR S5068)
May 3, 1994
Introduced in Senate
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 Plain-English summary Congressional Research Service

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 and guaranteed by the Small Business Administration, at the election of the small business borrower whose loan secures such debenture and with the Administrators approval, to prepay the debenture by payment to the Bank of the unpaid principal balance, accrued interest, and repurchase premium amount (as determined under this Act).

Prohibits any fees or penalties from being imposed against the issuer, borrower, or the Administration as a condition of prepayment under this Act.

Authorizes appropriations.

What's happening now May 17, 1994

Committee on Small Business. Hearings held.

 Related & companion bills 1
  • HR 4298 Identical bill To amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local develop…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Murray, Patty
Washington · Jun 23, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2061: A bill to amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local development companies.. 103rd Congress. Open America. https://openamerica.io/bill/103-S-2061/
MLA
"S. 2061: A bill to amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local development companies.." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-S-2061/.
Bluebook (legal)
S. 2061, 103rd Cong. (2026), https://openamerica.io/bill/103-S-2061/.
Markdown link
[S. 2061: A bill to amend the Small Business Investment Act of 1958 to permit prepayment of debentures issued by State and local development companies.](https://openamerica.io/bill/103-S-2061/)
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