Clerk session vote number: 28
Description: A bill to provide for a loan guarantee program to address the Year 2000 computer problems of small business concerns, and for other purposes.
Bill summary: Small Business Year 2000 Readiness Act - Amends the Small Business Act to authorize the Small Business Administration (SBA), during the period ending on December 31, 2000, to: (1) guarantee loans made by eligible lenders to small businesses to address Year 2000 computer problems (Y2K problem), including repair and acquisition, consulting, and related expenses; and (2) provide relief for a substantial economic injury incurred by a small business as a direct result of Y2K problems. Provides loan
amounts and administration participation limits. Requires an annual report from the SBA to the congressional small business committees on the loan guarantee program.
Click to hide full description.
Bill titles: A bill to provide for a loan guarantee program to address the Year 2000 computer problems of small business concerns, and for other purposes.
Links for more info on the vote: congress.gov