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Military Reservists Small Business Relief Act of 1999

Introduced: April 29, 1999 See on congress.gov
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 Everywhere this bill has been 11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 1999
Referred to the House Committee on Small Business.
Jul 29, 1999
Message on Senate action sent to the House.
Jul 29, 1999
Received in the House.
Jul 27, 1999
Passed Senate with an amendment by Unanimous Consent. (consideration: CR S9441-9444)
Jul 27, 1999
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S9441-9444)
Jun 23, 1999
Placed on Senate Legislative Calendar under General Orders. Calendar No. 166.
Jun 23, 1999
Committee on Small Business. Reported to Senate by Senator Bond with an amendment in the nature of a substitute. With written report No. 106-84.
Jun 9, 1999
Committee on Small Business. Ordered to be reported with an amendment in the nature of a substitute favorably.
Apr 29, 1999
Read twice and referred to the Committee on Small Business.
Apr 29, 1999
Sponsor introductory remarks on measure. (CR S4448-4449)
Apr 29, 1999
Introduced in Senate
 Plain-English summary Congressional Research Service

Military Reservists Small Business Relief Act of 1999 - Amends the Small Business Act to require the Small Business Administration (SBA), upon written request, to defer repayment of principal and interest due on a direct general business or disaster loan made to a member of the reserves ordered to active duty during a period of military conflict, as long as such reservist: (1) received the loan before being ordered to such duty; and (2) is an essential employee of a small business for which the loan was made. Extends such deferral period until 180 days after such reservist is discharged or released from active duty. Directs the SBA to encourage lenders and loan intermediaries participating in other SBA loan programs to defer repayment of similar loans as well as loans made under the Small Business Investment Act of 1958.

Authorizes the SBA to make disaster loans to assist a small business that has or is likely to suffer economic injury as the result of the essential employee of such business being ordered to active duty during a period of military conflict. Extends such assistance until 90 days after such reservist is discharged or released from such duty. Provides a loan limitation. Applies such assistance to periods of military conflict occurring on or after March 24, 1999.

Directs the SBA to utilize its entrepreneurial development and management assistance programs to provide business counseling and training to any small business adversely affected by the deployment of units of U.S. armed forces in support of a period of military conflict. Requires the SBA, for the duration of Operation Allied Force and 120 days thereafter, to enhance its publicity of the availability of such assistance.

What's happening now July 29, 1999

Referred to the House Committee on Small Business.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1 Republican 2