H.R. 2971 (101st): To amend the Small Business Investment Act of 1958 to encourage investments in minority small businesses, and for other purposes.

Jul 21, 1989 (101st Congress, 1989–1990)
Died (Referred to Committee)
John LaFalce
Representative for New York's 32nd congressional district
Related Bills
H.R. 2991 (Related)
Departments of Commerce, Justice, and State, the Judiciary, and Related Agencies Appropriations Act, 1990

Signed by the President
Nov 21, 1989


This bill was introduced on July 21, 1989, in a previous session of Congress, but was not enacted.

Introduced Jul 21, 1989
Referred to Committee Jul 21, 1989

No summaries available.


House Small Business

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Primary Source

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Amends the Small Business Investment Act of 1958 to provide that if the Small Business Administration (SBA) guarantees debentures issued by small business investment companies (SBICs) then the SBA shall make payments in amounts which reduce the effective interest rate to be paid under such debentures by an SBIC. Declares that, solely for regulatory purposes, government funds received from sources other than the SBA shall be included in determining an SBIC's private capital if the funds were invested prior to the enactment of such Act.

House Republican Conference Summary

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House Democratic Caucus Summary

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