II

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.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Small Business

5 Defense Conversion Guaranteed Loan Act of 1994’’.

6 SEC. 2. AUTHORIZATIONS.

7 Section 20 of the Small Business Act (15 U.S.C. 631

8 note) is amended—
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•S 1830 IS

1 (1) in subsection (l), as added by section 405(3)

2 of the Small Business Credit and Business Oppor3 tunity Enhancement Act of 1992—

4 (A) by striking ‘‘(l) There’’ and inserting

5 ‘‘(3) There’’ and indenting appropriately; and

6 (B) by striking ‘‘subsection (k)’’, and in7 serting ‘‘paragraphs (1) and (2)’’;

8 (2) by redesignating subsection (k), as added by

9 section 405(3) of the Small Business Credit and

10 Business Opportunity Act of 1992, as subsection (l);

11 (3) in subsection (l), as so redesignated, by in12 serting after paragraph (1), the following new para13 graph:

14 ‘‘(2) The Administration is authorized to make

15 not more than $4,000,000,000 in loans on a guaran16 teed basis, in accordance with section 7(a)(21), such

17 amount to remain available until expended.’’;

18 (4) in subsection (n)—

19 (A) by striking ‘‘(n) There’’ and inserting

20 ‘‘(3) There’’ and indenting appropriately; and

21 (B) by striking ‘‘subsection (m)’’ and in22 serting ‘‘paragraphs (1) and (2)’’;

23 (5) in subsection (m), by inserting after para24 graph (1), the following new paragraph:
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•S 1830 IS

1 ‘‘(2) The Administration is authorized to make

2 not more than $4,000,000,000 in loans on a guaran3 teed basis, in accordance with section 7(a)(21), such

4 amount to remain available until expended.’’;

5 (6) by redesignating subsection (o) as sub6 section (n); and

7 (7) in subsection (p)—

8 (A) by striking ‘‘(p) There’’ and inserting

9 ‘‘(2) There’’, and indenting appropriately; and

10 (B) by striking ‘‘subsection (o)’’ and in11 serting ‘‘paragraph (1)’’.

12 SEC. 3. TECHNICAL CLARIFICATION.

13 Section 7(a)(21)(A) of the Small Business Act (15

14 U.S.C. 636(a)(21)(A)) is amended by striking ‘‘under the’’

15 and inserting ‘‘on a guaranteed basis under the’’.

16 SEC. 4. REACHING ADDITIONAL SMALL BUSINESS CON17 CERNS.

18 Section 7(a)(21)(A)(i) of the Small Business Act (15

19 U.S.C. 636(a)(21)(A)(i)) is amended—

20 (1) in subclause (I), by striking ‘‘or’’ at the

21 end; and

22 (2) by adding after subclause (II), the following

23 new subclause:

24 ‘‘(III) a substantial reduction in the reve25 nues of the small business concern due to an
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1 overall reduction in economic activity within the

2 community from which such small business con3 cern derives revenues, if such reduction in eco4 nomic activity is a direct result of the factors

5 described in subclause (I) or (II); or’’.

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