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[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 1830 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 1830

To authorize funding for the small business defense conversion program 
     of the Small Business Administration, and for other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

             February 4 (legislative day, January 25), 1994

 Mrs. Feinstein (for herself, Mr. Inouye, Mr. Bumpers, Mrs. Boxer, Mr. 
Moynihan, Mr. Pell, Mr. Kerry, and Mr. Levin) introduced the following 
   bill; which was read twice and referred to the Committee on Small 
                                Business

_______________________________________________________________________

                                 A BILL

 
To authorize funding for the small business defense conversion program 
     of the Small Business Administration, 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 Defense Conversion 
Guaranteed Loan Act of 1994''.

SEC. 2. AUTHORIZATIONS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended--
            (1) in subsection (l), as added by section 405(3) of the 
        Small Business Credit and Business Opportunity Enhancement Act 
        of 1992--
                    (A) by striking ``(l) There'' and inserting ``(3) 
                There'' and indenting appropriately; and
                    (B) by striking ``subsection (k)'', and inserting 
                ``paragraphs (1) and (2)'';
            (2) by redesignating subsection (k), as added by section 
        405(3) of the Small Business Credit and Business Opportunity 
        Act of 1992, as subsection (l);
            (3) in subsection (l), as so redesignated, by inserting 
        after paragraph (1), the following new paragraph:
            ``(2) The Administration is authorized to make not more 
        than $4,000,000,000 in loans on a guaranteed basis, in 
        accordance with section 7(a)(21), such amount to remain 
        available until expended.'';
            (4) in subsection (n)--
                    (A) by striking ``(n) There'' and inserting ``(3) 
                There'' and indenting appropriately; and
                    (B) by striking ``subsection (m)'' and inserting 
                ``paragraphs (1) and (2)'';
            (5) in subsection (m), by inserting after paragraph (1), 
        the following new paragraph:
            ``(2) The Administration is authorized to make not more 
        than $4,000,000,000 in loans on a guaranteed basis, in 
        accordance with section 7(a)(21), such amount to remain 
        available until expended.'';
            (6) by redesignating subsection (o) as subsection (n); and
            (7) in subsection (p)--
                    (A) by striking ``(p) There'' and inserting ``(2) 
                There'', and indenting appropriately; and
                    (B) by striking ``subsection (o)'' and inserting 
                ``paragraph (1)''.

SEC. 3. TECHNICAL CLARIFICATION.

    Section 7(a)(21)(A) of the Small Business Act (15 U.S.C. 
636(a)(21)(A)) is amended by striking ``under the'' and inserting ``on 
a guaranteed basis under the''.

SEC. 4. REACHING ADDITIONAL SMALL BUSINESS CONCERNS.

    Section 7(a)(21)(A)(i) of the Small Business Act (15 U.S.C. 
636(a)(21)(A)(i)) is amended--
            (1) in subclause (I), by striking ``or'' at the end; and
            (2) by adding after subclause (II), the following new 
        subclause:
                    ``(III) a substantial reduction in the revenues of 
                the small business concern due to an overall reduction 
                in economic activity within the community from which 
                such small business concern derives revenues, if such 
                reduction in economic activity is a direct result of 
                the factors described in subclause (I) or (II); or''.

                                 <all>
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