PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 103-403.
Congressional Research Service
Version 00 · Introduced in Senate · May 3, 1994
Small Business Administration Amendments of 1994 - Title I: Amends the Small Business Act (the Act) to: (1) allow the Administrator of the Small Business Administration (SBA), under the microloan demonstration program, to make up to 100 percent deferred participation loans to ten small business intermediaries located in urban areas and ten intermediaries located in rural areas;(2) revise the authorized number of microloan programs for fiscal years after 1992; (3) increase from $1.5 to $5 million the annual microloan limits to a State; (4) increase from $1.25 to $1.75 million the total outstanding loan limit authorized for each intermediary; and (5) revise microloan repayment requirements. Title II: Revises provisions concerning the participatory amount of the SBA in small business loans provided on a deferred basis. Increases from $250,000 to $750,000 the authorized outstanding loan amounts for small businesses engaged in or adversely affected by international trade. Title III: Allows the SBA Administrator to inventory the productive facilities and capacities of business (currently, only small businesses) as part of a business loan process. Title IV: Establishes within the SBA an Office of Women's Business Ownership to administer the women's demonstration projects (projects providing financial assistance to businesses owned and controlled by women) created under the Act. Title V: Amends the Act and the Small Business Investment Act to provide that the authority of the SBA to make loans under such Acts shall remain available until expressly repealed. (Sec. 503) Removes a six-month limitation on the payment of transportation expenses of SBA employees in connection with any disaster loan assistance. (Sec. 505) Establishes in the Treasury one Loan Liquidation Fund, replacing various revolving funds, a disaster loan fund, and a business and investment loan fund under the Act. Provides for repayment of all such loans to the Fund. Requires a report from the SBA Administrator to specified congressional committees concerning Fund activities. (Sec. 507) Authorizes the SBA Administrator to specify detailed definitions or standards by which a business shall be recognized as a small business for purposes of the Act, with certain requirements such as an opportunity for public hearing. (Sec. 508) Empowers the SBA Administrator to impose reasonable fees in connection with assistance provided and information compiled and disseminated under the Act and the Small Business Investment Act. Title VI: Authorizes specified program funding levels for FY 1995 through 1997 for loans and other programs, as well as salaries and expenses, as provided or required under the Act and the Small Business Investment Act.
People & committees
Sen. Bumpers, Dale [D-AR] · D–AR
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 103-403.
Became Public Law No: 103-403.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Senate agreed to conference report by Voice Vote. (consideration: CR S14233)
Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.(consideration: CR S14233)
Conference papers: message on House action held at the desk in Senate.
On agreeing to the conference report Agreed to by voice vote.
Motions to reconsider laid on the table Agreed to without objection.
Conference report agreed to in House: On agreeing to the conference report Agreed to by voice vote.
The previous question was ordered without objection.
DEBATE - The House proceeded to with one hour of debate.
Mr. LaFalce asked unanimous consent for consideration of the conference report, H. Rept. 103-824. (consideration: CR H10741)
Conference papers: Senate report and managers' statement held at the desk in Senate.
Conference report H. Rept. 103-824 filed. (text of conference report: CR H10521-10535)
Conference report filed: Conference report H. Rept. 103-824 filed.(text of conference report: CR H10521-10535)
Mr. LaFalce asked unanimous consent that managers on the part of the House have until midnight on Oct. 3 to file a conference report on S. 2060. Agreed to without objection.
Conference held.
Conference committee actions: Conference held.
Message on Senate action sent to the House.
Senate agreed to request for conference. Appointed conferees. Bumpers; Nunn; Pressler. (consideration: CR S13442)
Senate disagreed to the House amendments by Voice Vote.
Resolving differences -- Senate actions: Senate disagreed to the House amendments by Voice Vote.
Message on House action received in Senate and at the desk: House amendments to Senate bill and House requests a conference.
A similar measure H.R. 4801 was laid on the table without objection.
Motion to reconsider laid on the table Agreed to without objection.
The Speaker appointed conferees: LaFalce, Smith (IA), Wyden, Meyers, and Baker (LA).
On motion that the House insist upon its amendments, and request a conference Agreed to without objection. (consideration: CR H9383)
Mr. LaFalce asked unanimous consent that the House insist upon its amendments, and request a conference.
The title of the measure was amended. Agreed to without objection.
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.
The House struck all after the enacting clause and inserted in lieu thereof the provisions of a similar measure H.R. 4801. Agreed to without objection.
Considered by unanimous consent. (consideration: CR H9371-9383)
Mr. LaFalce asked unanimous consent to take from the Speaker's table and consider.
Held at the desk.
Received in the House.
Message on Senate action sent to the House.
Passed Senate with an amendment and an amendment to the Title by Voice Vote. (consideration: CR S12107-12127)
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.(consideration: CR S12107-12127)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 561.
Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute and an amendment to the title. With written report No. 103-332.
Committee on Small Business. Reported to Senate by Senator Bumpers with an amendment in the nature of a substitute and an amendment to the title. With written report No. 103-332.
Committee on Small Business. Ordered to be reported with an amendment in the nature of a substitute favorably.
Read twice and referred to the Committee on Small Business.
Sponsor introductory remarks on measure. (CR S5068)
Introduced in Senate
Primary sources
Text links open the official source. We currently store references to these documents.
Source last updated: Sep 16, 2026. Consult Congress.gov for the current record.
AI Conversation Starters
Choose a perspective, copy a prompt, and paste it into your preferred AI. Each prompt includes the bill version and available official source links, and asks for counterarguments as well as supporting evidence.
Analyze S.2060 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 S.2060 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.
Examine S.2060 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.2060 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.