An amendment to require the SBA to conduct a study of loans of less than $50,000 made during 1983 and 1984. The report is to be submitted to Congress and is to include the size of the loans, characteristics of the recipients of the loans (number of employees, gross annual receipts, etc.), and the administrative cost of the loan. The report is to analyze the effectiveness of the loans for firms of less than 20 employees and needing loans of less than $50,000. Also it is to evaluate alternative ways of reducing costs of the loans and make suggestions to improving access to the loans.

Ask AI
Amendment Number
640
Description
An amendment to require the SBA to conduct a study of loans of less than $50,000 made during 1983 and 1984. The report is to be submitted to Congress and is to include the size of the loans, characteristics of the recipients of the loans (number of employees, gross annual receipts, etc.), and the administrative cost of the loan. The report is to analyze the effectiveness of the loans for firms of less than 20 employees and needing loans of less than $50,000. Also it is to evaluate alternative ways of reducing costs of the loans and make suggestions to improving access to the loans.
Congress
98
Type
HAMDT
Latest Action Date
Mar 14, 1984
Latest Action Text
Amendment Passed in Committee of the Whole by Voice Vote.
Submitted Date
Mar 14, 1984
Chamber
House of Representatives
Update Date
Jun 30, 2021
Amendment 640 — Informed