PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 107-100.
Congressional Research Service
Version 39 · Senate agreed to House amendment with amendment · Dec 8, 2001
Small Business Investment Company Amendments Act of 2001 - Amends the Small Business Investment Act of 1958 to: (1) increase the amount that the Small Business Administration (SBA) may charge as a subsidy fee for guaranteeing the payment of a debenture from 1.0 to 1.38 percent of the debenture amount; and (2) extend through FY 2001 the debenture maturity period.(Sec. 4) Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to provide civil penalties for false statements or representations of securities for purposes of influencing SBA actions.(Sec. 5) Authorizes the SBA Administrator to serve upon any management official (currently, only upon a director or officer of a licensee) a written notice of the SBA's intention to remove such official for violations of SBIA or for breach of duty. Revises removal requirements, including provisions concerning hearings, issuance of an order of removal, the authority to suspend or prohibit the business participation of a management official, judicial review of suspensions, and the authority to suspend a management official due to the commission of or participation in a felony involving dishonesty or a breach of trust.(Sec. 6) Reduces, for a two-year period beginning on October 1, 2002: (1) the guarantee fee for SBA-guaranteed loans to small businesses; (2) the annual fee charged for such loans; and (3) the fee charged for the SBA guaranty of the payment of principal and interest on debentures issued by a qualified State or local development company. Prohibits the SBA, with respect to the latter fee, from charging any up-front fee with respect to such loans during such two-year period. Provides for the budgetary treatment of loans and financings made to small businesses during such period. Makes this section effective only upon the availability of appropriated funds to offset the cost of such amendments.
People & committees
Sen. Bond, Christopher S. [R-MO] · R–MO
Legislative record
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Became Public Law No: 107-100.
Became Public Law No: 107-100.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
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 to the House amendment Agreed to by voice vote. (consideration: CR H9193-9195; text as House agreed to Senate amendment: CR H9193-9194)
Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment to the House amendment Agreed to by voice vote.(consideration: CR H9193-9195; text as House agreed to Senate amendment: CR H9193-9194)
DEBATE - The House proceeded with forty minutes of debate on the motion.
Mr. Manzullo moved that the House suspend the rules and agree to the Senate amendment to the House amendment.
Message on Senate action sent to the House.
Senate concurred in House amendment with an amendment Unanimous Consent. (consideration: CR 12/7/2001 S12740-12745)
Resolving differences -- Senate actions: Senate concurred in House amendment with an amendment Unanimous Consent.(consideration: CR 12/7/2001 S12740-12745)
Message on House action received in Senate and at desk: House amendment to Senate bill.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed without objection.
Passed/agreed to in House: On passage Passed without objection.
Considered by unanimous consent. (consideration: CR H8316-8320)
Mr. Manzullo asked unanimous consent to take from the Speaker's table and consider.
Held at the desk.
Message on Senate action sent to the House.
Received in the House.
Passed Senate with an amendment by Unanimous Consent. (text: CR S11925-11926)
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text: CR S11925-11926)
Measure laid before Senate by unanimous consent. (consideration: CR S11923-11926)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
Committee on Small Business and Entrepreneurship. Reported by Senator Kerry under authority of the order of the Senate of 07/30/2001 without amendment. With written report No. 107-55.
Committee on Small Business and Entrepreneurship. Reported by Senator Kerry under authority of the order of the Senate of 07/30/2001 without amendment. With written report No. 107-55.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsor introductory remarks on measure. (CR S7882-7883)
Introduced in Senate
Primary sources
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Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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