A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.

Bill: 108-s-141
Sponsor: Sen. Snowe, Olympia J. [R-ME]
Introduced: 2003-01-10 in the Senate
Policy area: Commerce
Subjects: Congress
Congressional reporting requirements
Disaster loans
Economic forecasting
Economic research
Economics and Public Finance
Emergency Management
Federally-guaranteed loans
Finance and Financial Sector
Government Operations and Politics
Government and business
Small business
Subsidies

Summary:
action_date: 2003-01-10
text: Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.
action_date: 2003-01-10
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.
action_date: 2003-02-11
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.
action_date: 2003-02-25
text: 
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
 
Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.

Legislative actions:
action_date: 2003-02-25
text: Became Public Law No: 108-8.
action_date: 2003-02-25
text: Became Public Law No: 108-8.
action_date: 2003-02-25
text: Signed by President.
action_date: 2003-02-25
text: Signed by President.
action_date: 2003-02-14
text: Presented to President.
action_date: 2003-02-14
text: Presented to President.
action_date: 2003-02-11
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2003-02-11
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H354)
action_date: 2003-02-11
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H354)
action_date: 2003-02-11
text: DEBATE - The House proceeded with forty minutes of debate on S. 141.
action_date: 2003-02-11
text: Considered under suspension of the rules. (consideration: CR  H354-361)
action_date: 2003-02-11
text: Mr. Nussle moved to suspend the rules and pass the bill.
action_date: 2003-01-27
text: Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-01-27
text: Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-01-27
text: Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-01-27
text: Message on Senate action sent to the House.
action_date: 2003-01-27
text: Received in the House.
action_date: 2003-01-10
text: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S206-207; text as passed Senate: CR S207)
action_date: 2003-01-10
text: Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S206-207; text as passed Senate: CR S207)
action_date: 2003-01-10
text: Introduced in Senate

Enacted as: number: 108-8