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106th Congress > House > Vote 6

Date: 1999-02-02

Result: 402-2 (Passed)

Clerk session vote number: 7

Vote Subject Matter: Government Management / Budget Special Interest

Bill number: HR68

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Small Business Investment Company Technical Corrections Act

Bill summary: Small Business Investment Improvement Act of 1999 - Amends the Small Business Investment Act of 1958 to: (1) define "interest" for purposes of small business loans granted under the Small Business Investment Company (SBIC) program; and (2) increase the FY 1999 and 2000 funding levels for such program. Provides for the determination of an eligible small business or smaller enterprise that is not required to pay Federal income tax at the corporate level but that is required to pass income through (...show more) to its shareholders or partners by using a specified formula to compute its after-tax income. Requires the Small Business Administration to issue SBIC guarantees and trust certificates at periodic intervals of not less than every 12 (currently, six) months.

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Bill titles: To amend section 20 of the Small Business Act and make technical corrections in Title III of the Small Business Investment Act.

Links for more info on the vote: congress.gov

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