legislation: 98-s-1632

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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
98-s-1632 98 s 1632 A bill to require the Small Business Administration to permit the deferral of payments on loans to borrowers in areas of economic distress caused by foreign currency fluctuations. Commerce 1983-07-16 1983-07-16 Read twice and referred to the Committee on Small Business. Senate Sen. Tower, John G. [R-TX] TX R T000322 0 Provides that if a borrower is located in an area of economic distress resulting from the drastic fluctuation in the value of the currency and in the adjustment of monetary regulations of a foreign country, then the Small Business Administration may utilize its authority under the Small Businss Act to suspend the payments on loans made under the Act which the borrower has used to finance the sale of goods or services to an individual or business located outside the contiguous United States. 2025-01-14T17:16:56Z https://www.congress.gov/bill/98th-congress/senate-bill/1632

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