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S. 141 · 108th Congress

A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans…

Full title

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

Law · 108-8 · Feb 25, 2003
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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.

OSR SnoweSponsor
10 cosponsors · 4 D, 6 R
GAR Allen RBR Bennett KBR Bond CBR Burns MCR Crapo MER Enzi JKD Kerry CLD Levin MLD Landrieu JLD Lieberman

9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. Senate Introduced Jan 10, 2003
  2. Senate Passed Jan 10, 2003
  3. House Passed Feb 11, 2003
  4. President To the President Feb 14, 2003
  5. President Signed Feb 25, 2003
  6. Law Feb 25, 2003
What it does: CRS summary · Public Law · Feb 25, 2003
(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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

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

Latest action (Feb 25, 2003): Became Public Law No: 108-8.

Policy area: Commerce · Origin: Senate · Introduced: Jan 10, 2003

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. Senate Introduced Jan 10, 2003
  2. Senate Passed Jan 10, 2003
  3. House Passed Feb 11, 2003
  4. President To the President Feb 14, 2003
  5. President Signed Feb 25, 2003
  6. Law Feb 25, 2003

No recorded floor vote found.