PlainBillCongress, translated.Legislation. Context. Public interest.Laid on the table. See S. 895 for further action.
Congressional Research Service
Version 17 · Reported to House with amendment(s) · Sep 6, 1995
Small Business Credit Efficiency Act of 1995 - Amends the Small Business Act to increase, from four to five tenths of one percent of the outstanding principal balance of a loan guaranteed by the Small Business Administration (SBA), the amount which may be charged as a fee for loan guarantees sold on the secondary market. Decreases the level of participation by the SBA in the guarantee of general business loans made to qualified small businesses to: (1) 80 percent of the balance of the financing outstanding if such amount is less than or equal to $100,000; and (2) 75 percent of such balance if such amount is greater than $100,000. (Currently, the level is no less than 90 percent of such balance for any amount less than or equal to $155,000.) Limits the maximum authorized interest rate for a loan guaranteed under the Preferred Lenders Program to the highest rate charged for other SBA loan guarantees. Authorizes the SBA to collect from borrowers a loan guarantee fee of: (1) two percent of the outstanding loan balance for loans of less than $250,000; (2)two and a half percent for loans of $250,000 or more, but less than $500,000; and (3) three percent of such balance for loans of $500,000 or greater. (Currently, the SBA may collect a loan fee of two percent for loans of any amount.) Exempts from such fees loans repayable in one year or less. Directs the SBA to collect an additional fee to offset administrative costs of such loans. Repeals a provision authorizing lenders to retain one half of such loan guarantee fee. Amends the Small Business Investment Act of 1958 to: (1) increase to $1.25 million the maximum authorized loan that may be made to each qualifying State and local development company for use in plant acquisition, construction, conversion, and expansion; and (2) direct the SBA to collect an additional fee to offset administrative costs of such loans.
People & committees
Rep. Meyers, Jan [R-KS-3] · R–KS
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Laid on the table. See S. 895 for further action.
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 405 - 0 (Roll No. 653).
House roll call 653 · Individual votesMotion to reconsider laid on the table Agreed to without objection.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays (2/3 required): 405 - 0 (Roll No. 653).
House roll call 653 · Individual votesConsidered as unfinished business. (CR H8776)
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Poshard objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
DEBATE - The House proceeded with up to forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H8733-8737)
Mrs. Meyers moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 130.
Reported (Amended) by the Committee on Small Business. H. Rept. 104-239.
Reported (Amended) by the Committee on Small Business. H. Rept. 104-239.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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