106th Congress > Senate > Vote 176

Date: 1999-06-18

Result: 63-34 (Bill Passed)

Clerk session vote number: 176

Vote Subject Matter: Government Management / Budget Special Interest

Bill number: HR1664

Question: On Passage of the Bill

Description: An Act providing emergency authority for guarantees of loans to qualified steel and iron ore companies and to qualified oil and gas companies, and for other purposes.

Bill summary: Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act of 1999 - Chapter 1 - Emergency Steel Loan Guarantee Act of 1999 - Establishes the Emergency Steel Guarantee Loan Program, to be administered by a Loan Guarantee Board, to provide loan guarantees to qualified steel companies. Sets limits on loan duration and on the aggregate amounts of loans and guarantees outstanding at any one time under the program or with respect to a single qualified company. Treats an iron ore (...show more) company as a qualified company for purposes of such program (setting similar loan limits as above). Rescinds a specified amount of funds made available to Federal agencies, requiring such funds to be taken only from administrative and travel accounts. Requires a report from the Director of the Office of Management and Budget (OMB) to the Senate and House appropriations committees on an accounting of the rescinded funds. Chapter 2 - Emergency Oil and Gas Guaranteed Loan Program Act - Establishes the Emergency Oil and Gas Guaranteed Loan Program, to be administered by a Loan Guarantee Board, to guarantee loans provided to qualified oil and gas companies (including Alaska companies and Alaska Native corporations) by private banking and investment institutions. Sets forth requirements relating to such loan guarantees, including on total and individual guarantees, a minimum guarantee amount, Board determinations with respect to certain preconditions, terms and fees, and reports. Rescinds a specified amount of funds made available to Federal agencies, requiring such funds to be taken only from administrative and travel accounts. Requires a report from the OMB Director to the appropriations committees on an accounting of the rescinded funds. Chapter 3: General Provisions - Prohibits any part of an appropriation contained in this Act from remaining available for obligation beyond FY 1999 unless expressly so provided.

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Bill titles: Making emergency supplemental appropriations for military operations, refugee relief, and humanitarian assistance relating to the conflict in Kosovo, and for military operations in Southwest Asia for the fiscal year ending September 30, 1999, and for other purposes.; An Act providing emergency authority for guarantees of loans to qualified steel and iron ore companies and to qualified oil and gas companies, and for other purposes.; Emergency Oil and Gas Guaranteed Loan Program Act; Emergency Steel Loan Guarantee Act of 1999

Links for more info on the vote: congress.gov

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