H.R. 1614 (106th): Military Reservists Small Business Relief Act of 1999

Introduced:
Apr 28, 1999 (106th Congress, 1999–2000)
Status:
Died (Referred to Committee)
See Instead:

S. 918 (same title)
Passed Senate — Jul 27, 1999

Sponsor
David Phelps
Representative for Illinois's 19th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Apr 28, 1999
Length
10 pages
Related Bills
S. 918 (identical)

Passed Senate
Last Action: Jul 27, 1999

H.R. 1568 (Related)
Veterans Entrepreneurship and Small Business Development Act of 1999

Signed by the President
Aug 17, 1999

 
Status

This bill was introduced on April 28, 1999, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 28, 1999
Referred to Committee Apr 28, 1999
 
Full Title

To authorize the Small Business Administration to provide financial and business development assistance to military reservists' small businesses, and for other purposes.

Summary

No summaries available.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


4/28/1999--Introduced.
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 the owner, manager, or key 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 owner, manager, or key employee of such business being ordered to active duty during a period of military conflict.
Extends such assistance until 180 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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