To amend section 20 of the Small Business Act and make technical corrections in Title III of the Small Business Investment Act.
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 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.
Indefinitely postponed by Senate by Unanimous Consent.
Received in the Senate.
Read twice and referred to the Committee on Small Business.
Senate Committee on Small Business discharged by Unanimous Consent.
Senate Committee on Small Business discharged by Unanimous Consent.
Measure laid before Senate by unanimous consent. (consideration: CR S3062-3063)
Senate struck all after the Enacting Clause and substituted the language of S. 364.
Passed/agreed to in Senate: Passed Senate in lieu of S. 364 with an amendment by Unanimous Consent.(text: CR S3062-3063)
Passed Senate in lieu of S. 364 with an amendment by Unanimous Consent. (text: CR S3062-3063)
Mr. Talent moved that the House suspend the rules and agree to the Senate amendment.
DEBATE - The House proceeded with forty minutes of debate on the Senate amendment to H.R. 68.
Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(consideration: CR H1490-1491; text: CR H1490-1491)
Enacted as Public Law 106-9
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (consideration: CR H1490-1491; text: CR H1490-1491)
Motion to reconsider laid on the table Agreed to without objection.
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 106-9.
Became Public Law No: 106-9.