PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 106-9.
Congressional Research Service
Version 00 · Introduced in House · Jan 6, 1999
Small Business Investment Company Technical Corrections Act of 1999 - Amends the Small Business Investment Act of 1958 to define "interest" for purposes of small business loans granted under the Small Business Investment Company (SBIC) program. Amends the Small Business Act to increase the FY 1999 and 2000 funding levels for such program. Amends the Small Business Investment Act of 1958 to: (1) remove a requirement that at least 50 percent of the annual program level of approved participating securities under the SBIC program be reserved for funding with SBICs having private capital of not more than $20 million; (2) provide for the determination of an eligible small business or smaller enterprise that is not required to pay Federal income tax at the corporate level but that is required to pass income through to its shareholders or partners by using a specified formula to compute its after-tax income; and (3) require the Small Business Administration to issue SBIC guarantees and trust certificates at periodic intervals of not less than 12 (currently six) months.
People & committees
Rep. Talent, Jim [R-MO-2] · R–MO
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 106-9.
Became Public Law No: 106-9.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Motion to reconsider laid on the table Agreed to without objection.
On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (consideration: CR H1490-1491; text: CR H1490-1491)
Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(consideration: CR H1490-1491; text: CR H1490-1491)
DEBATE - The House proceeded with forty minutes of debate on the Senate amendment to H.R. 68.
Mr. Talent moved that the House suspend the rules and agree to the Senate amendment.
Passed Senate in lieu of S. 364 with an amendment by Unanimous Consent. (text: CR S3062-3063)
Passed/agreed to in Senate: Passed Senate in lieu of S. 364 with an amendment by Unanimous Consent.(text: CR S3062-3063)
Senate struck all after the Enacting Clause and substituted the language of S. 364.
Measure laid before Senate by unanimous consent. (consideration: CR S3062-3063)
Senate Committee on Small Business discharged by Unanimous Consent.
Senate Committee on Small Business discharged by Unanimous Consent.
Read twice and referred to the Committee on Small Business.
Received in the Senate.
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 the Yeas and Nays: (2/3 required): 402 - 2 (Roll no. 7). (text: CR H286-287)
House roll call 7 · Individual votesPassed/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): 402 - 2 (Roll no. 7).(text: CR H286-287)
House roll call 7 · Individual votesConsidered as unfinished business. (consideration: CR H293-294)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H286-288)
Mr. Talent moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 1.
Reported by the Committee on Small Business. H. Rept. 106-1.
Reported by the Committee on Small Business. H. Rept. 106-1.
Ordered to be Reported 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: Sep 8, 2026. Consult Congress.gov for the current record.
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Analyze H.R.68 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.
Examine H.R.68 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
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