Small Business Guaranteed Credit Enhancement Act of 1993
Public Law 103-81 · S. 1274 · 103rd Congress · began in the Senate
Signed by Bill Clinton (D) on Aug 13, 1993 · Commerce
Sponsor: Sen. Dale Bumpers (D-AR)
Cosponsors (13): Sen. Harris Wofford, Sen. Herb Kohl,
Passage votes
- HouseUnanimous consent
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Small Business Guaranteed Credit Enhancement Act of 1993 - Amends the Small Business Act (the Act) to increase the FY 1993 and 1994 authorizations of appropriations for loans to State and local development companies for community business development programs.
Authorizes the Small Business Administration (SBA) to: (1) collect additional fees after August 31, 1995, on loans made under the Act which are sold on the secondary market; (2) permit participating lenders to charge a late fee to loan borrowers who fail to make timely payments; and (3) reduce the maximum loan guarantees on real estate loans above $155,000 and on loans made under the Preferred Lenders Program.
Directs the SBA to study and report to the Congress on the effect of the SBA's authority to impose secondary market fees and to reduce loan guarantee percentages on the ability of small businesses; including minority- and woman-owned small businesses, to obtain financing and the viability of the secondary market in SBA guaranteed loans. Terminates the SBA's authority to impose such fees and reduce such percentages as of FY 1996.
Makes the following revisions with respect to the Microloan Demonstration Program (the provision of loans and grants to startup, newly established, or growing small businesses): (1) increases from $15,000 to $25,000 the maximum loan which may be guaranteed by an intermediary; (2) increases the maximum grant amounts to such intermediaries for such purpose; and (3) increases from three to seven percent the maximum appropriated amount which may be used for training purposes.
Authorizes the SBA to make grants or enter into cooperative arrangements in order to carry out the Small Business Development Center Program. Extends the authorization of appropriations for such Program through FY 1994. Strikes a provision prohibiting regulations concerning the Program from being printed in the Federal Register.
Revises the dates of conferences to be held by the National White House Conference on Small Business. Extends through FY 1994 the authorization of appropriations for the National Women's Business Council and terminates the Council on November 30, 1995.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 15 actions.
- Aug 13, 1993Became lawBecame law · Became Public Law No: 103-81.
- Became lawBecame law · Signed by President.
- Aug 9, 1993PresidentPresident · Presented to President.
- Aug 5, 1993Resolving differencesResolving differences · Senate agreed to the House amendment by Voice Vote.
- Aug 4, 1993FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On passage Passed without objection.
- FloorFloor · Considered by unanimous consent.
- FloorFloor · Mr. LaFalce asked unanimous consent to discharge from committee and consider.
- CommitteeCommittee · Discharged from House Small Business Committee
- Aug 2, 1993CommitteeCommittee · Referred to House Small Business Committee
- Jul 30, 1993FloorFloor · Passed Senate with an amendment and an amendment to the Title by Voice Vote.
- Jul 28, 1993CommitteeCommittee · Markup by Senate Small Business and Entrepreneurship Committee
- CommitteeCommittee · Reported by Senate Small Business and Entrepreneurship Committee
- Jul 21, 1993CommitteeCommittee · Referred to Senate Small Business and Entrepreneurship Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.