< Back to H.R. 1258 (104th Congress, 1995–1996)

Text of the Small Business Capital Access Act of 1995

This bill was introduced on March 16, 1995, in a previous session of Congress, but was not enacted. The text of the bill below is as of Mar 16, 1995 (Introduced).

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HR 1258 IH

104th CONGRESS

1st Session

H. R. 1258

To amend the Small Business Act to increase the guarantee fee charged by the Small Business Administration on general business loans, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 16, 1995

Mr. FLAKE introduced the following bill; which was referred to the Committee on Small Business


A BILL

To amend the Small Business Act to increase the guarantee fee charged by the Small Business Administration on general business loans, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Small Business Capital Access Act of 1995’.

SEC. 2. LENDER PAID FEES.

    The first sentence of section 5(g)(4)(A) of the Small Business Act (15 U.S.C. 634(g)(4)(A)) is amended to read as follows: ‘The Administration may collect the following fees: (i) for loan guarantees made pursuant to section 7(a), an amount equal to not more than 4/10 of one percent per year of the outstanding principal amount of the portion of such loan guaranteed by the Administration, and (ii) for loan guarantees sold into the secondary market pursuant to subsection (f) of this section, an amount equal to not more than 50 percent of the portion of the sale price which is in excess of 110 percent of the outstanding principal amount of any portion of such loan guaranteed by the Administration.’.

SEC. 3. GUARANTEE FEES.

    Section 7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) is amended by striking ‘a guarantee fee equal to two percent of the amount of the deferred participation share of any loan under this subsection’ and inserting ‘a guarantee fee equal to two percent of the gross amount of any loan guaranteed under this subsection’.