Small Business Preservation and Jobs Act of 1992

Small Business Preservation and Jobs Act of 1992 - Amends the Small Business Act to authorize increases in Small Business Administration program levels for loan guarantees for FY 1992 through 1994.

 
HR 4197 IH
102d CONGRESS
2d Session
 H. R. 4197
To amend the Small Business Act to provide additional loan  assistance to
small businesses, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
February 7, 1992
Mr. IRELAND (for himself and Mr. GUNDERSON) introduced the following bill;
which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act to provide additional loan  assistance to
small businesses, 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 Preservation and Jobs Act
  of 1992'.
SEC. 2. INCREASES IN SBA PROGRAM LEVELS FOR LOAN GUARANTEES.
  (a) FISCAL YEAR 1992- Section 20(e)(2) of the Small Business Act (15
  U.S.C. 631 note) is amended to read as follows:
  `(2) For the programs authorized by this Act, the Administration is
  authorized to make $7,303,000,000 in deferred participation loans and
  other financings; and of such sum, the Administration is authorized to
  make $6,500,000,000 in general business loans as provided in section 7(a)
  (including loans on a national basis under the Administration's Lending and
  Recovery Project), $53,000,000 in loans as provided in section 7(a)(12)(B),
  and $750,000,000 in financings as provided in section 7(a)(13) and section
  504 of the Small Business Investment Act of 1958.'.
  (b) FISCAL YEAR 1993- Section 20(g)(2) of such Act is amended to read
  as follows:
  `(2) For the programs authorized by this Act, the Administration is
  authorized to make $8,405,000,000 in deferred participation loans  and
  other financings; and of such sum, the Administration is authorized to
  make $7,500,000,000 in general business loans as provided in section 7(a)
  (including loans on a national basis under the Administration's Lending and
  Recovery Project), $55,000,000 in loans as provided in section 7(a)(12)(B),
  and $850,000,000 in financings as provided in section 7(a)(13) and section
  504 of the Small Business Investment Act of 1958.'.
  (c) FISCAL YEAR 1994- Section 20(i)(2) of such Act is amended to read
  as follows:
  `(2) For the programs authorized by this Act, the Administration is
  authorized to make $9,508,000,000 in deferred participation loans and
  other financings; and of such sum, the Administration is authorized to
  make $8,500,000,000 in general business loans as provided in section 7(a)
  (including loans on a national basis under the Administration's Lending and
  Recovery Project), $58,000,000 in loans as provided in section 7(a)(12)(B),
  and $950,000,000 in financings as provided in section 7(a)(13) and section
  504 of the Small Business Investment Act of 1958.'.