{"database": "openregs", "table": "legislation", "rows": [["93-s-1672", 93, "s", 1672, "An original bill to amend the Small Business Act.", "Commerce", "1973-04-30", "1973-09-25", "Motion to override veto failed of passage in Senate, roll call #417 (59-36).", "Senate", "Sen. Cranston, Alan [D-CA]", "CA", "D", "C000877", 0, "(LATEST SUMMARY)  Increases, under the Small Business Act, the total  amount of loan assistance which may be outstanding to: (1) $6,600,000,000 under specified sections of this  Act and the Economic Opportunity Act; (2) $275,000,000 under title III of the Small Business Investment Act; (3)  $600,000,000 under title IV of the Small Business Investment Act; and (4) $475,000,000 under specified sections  of the Economic Opportunity Act.   Includes, as the purpose of the Small Business  Act, the making of loans to assist small business in effecting alterations or additions to plants to meet Federal  or State law requirements, where such businesses are likely to suffer substantial economic injury without such assistance.   Extends for two years, to July 1, 1975, the Small  Business Administation authorization to compensate for specified losses due to major disasters.   Provides that with respect to such a loan made  in connection with a disaster occurring on or after April 20, 1973, but prior to July 1, 1975, and notwithstanding Public  Law 93-24, the Small Business Administration shall, at the option of the borrower, either cancel $2,500 of the loan  and make the balance of such loan at an interest rate of 3 percent per annum, or make the entire loan at an interest  rate of 1 percent per annum.  Provides that in the event of the refinancing of a home or a business, the monthly payments  after the refinancing shall in no case be lower than such payments prior to the disaster.   Directs the Secretary of Agriculture to make disaster  loans at the same rate of interest and with the same forgiveness provisions applicable to Small Business Administration  disaster loans pursuant to this Act.   Provides that loans under the Small Business Act  will include loans to persons who are engaged in the business of raising livestock, and who suffer substantial economic  injury as a result of animal disease.  Expands the term \"major disaster\" under the Disaster Relief Act to include erosion.   Empowers the Small Business Administration to  make such loans (either directly or in cooperation with banks or other lending institutions through agreements to  participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist  any small business concern in continuing in business at its existing location, in reestablishing its business,  in purchasing a new business, or in establishing a new business if the Administration determines that  such concern has suffered or will suffer substantial economic injury as the result of the closing by the Federal  Government of major military installations under the jurisdiction of the Department of Defense, or as a result of a servere  reduction in the scope and size of operations at a major military installation.   Provides that the Small Business Administration  shall make an annual report to the President, the President of the Senate and the Speaker of the House on the  state of small business.   Provides that the Administrator of the Small Business  Administration shall not discriminate against any person or small business concern receiving assistance from  the Small Business Administration based on sex, and the Small Business Administration shall give special consideration  to veterans of United States military service and the survivors of their immediate families.", "2025-01-14T18:20:21Z", "https://www.congress.gov/bill/93rd-congress/senate-bill/1672"]], "columns": ["bill_id", "congress", "bill_type", "bill_number", "title", "policy_area", "introduced_date", "latest_action_date", "latest_action_text", "origin_chamber", "sponsor_name", "sponsor_state", "sponsor_party", "sponsor_bioguide_id", "cosponsor_count", "summary_text", "update_date", "url"], "primary_keys": ["bill_id"], "primary_key_values": ["93-s-1672"], "units": {}, "query_ms": 0.247645890340209, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}