PlainBillCongress, translated.Legislation. Context. Public interest.Received in the Senate and Read twice and referred to the Committee on Small Business.
Congressional Research Service
Version 00 · Introduced in House · Mar 8, 2000
Small Business Investment Corrections Act of 2000 - Amends the Small Business Investment Act of 1958 to: (1) state that certain venture investment in a small business shall not cause such business to be considered not independently owned and operated, regardless of the allocation of control during the investment period; and (2) define as long term, when used in connection with equity capital or loan funds invested in any small business or smaller enterprise, any period of one year or more.Revises the subsidy fee charged in connection with debentures purchased by the Small Business Administration (SBA) to guarantee loans to participating small businesses from a flat one percent to a charge, established annually by the SBA Administrator, of not more than one percent as necessary to reduce to zero the cost of purchasing and guaranteeing such debentures. Makes an identical revision with respect to the fee charged for securities issued by participating companies for small business loans guaranteed by the SBA.Authorizes small businesses which are limited partnerships or subchapter S corporations to make quarterly distributions at any time during a calendar quarter (currently, only at the end of a calendar quarter).
People & committees
Rep. Talent, Jim [R-MO-2] · R–MO
Legislative record
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Received in the Senate and Read twice and referred to the Committee on Small Business.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H940-941)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H940-941)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3845.
Considered under suspension of the rules. (consideration: CR H940-942)
Mrs. Kelly moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 289.
Reported by the Committee on Small Business. H. Rept. 106-520.
Reported by the Committee on Small Business. H. Rept. 106-520.
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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Analyze H.R.3845 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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