Small Business Investment Improvement Act of 1999
Public Law 106-9 · H.R. 68 · 106th Congress · began in the House
Signed by Bill Clinton (D) on Apr 5, 1999 · Commerce
Sponsor: Rep. Jim Talent (R-MO-2)
Cosponsors (11): Rep. Nydia Velázquez, Rep. Sue Kelly,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
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 Investment Improvement Act of 1999 - Amends the Small Business Investment Act of 1958 to: (1) define "interest" for purposes of small business loans granted under the Small Business Investment Company (SBIC) program; and (2) increase the FY 1999 and 2000 funding levels for such program.
Provides 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.
Requires the Small Business Administration to issue SBIC guarantees and trust certificates at periodic intervals of not less than every 12 (currently, six) months.
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. 18 actions.
- Apr 5, 1999Became lawBecame law · Became Public Law No: 106-9.
- Became lawBecame law · Signed by President.
- Mar 25, 1999PresidentPresident · Presented to President.
- Mar 23, 1999Resolving differencesResolving differences · Motion to reconsider laid on the table Agreed to without objection.
- Resolving differencesResolving differences · On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.
- Resolving differencesResolving differences · Mr. Talent moved that the House suspend the rules and agree to the Senate amendment.
- Mar 22, 1999FloorFloor · Passed Senate in lieu of S. 364 with an amendment by Unanimous Consent.
- FloorFloor · Measure laid before Senate by unanimous consent.
- CommitteeCommittee · Discharged from Senate Small Business and Entrepreneurship Committee
- Feb 22, 1999CommitteeCommittee · Referred to Senate Small Business and Entrepreneurship Committee
- Feb 2, 1999FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · 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).House roll call 7
- FloorFloor · 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.
- FloorFloor · Mr. Talent moved to suspend the rules and pass the bill, as amended.
- Jan 19, 1999CommitteeCommittee · Reported by House Small Business Committee
- Jan 7, 1999CommitteeCommittee · Markup by House Small Business Committee
- Jan 6, 1999CommitteeCommittee · Referred to House Small Business Committee
- IntroducedIntroduced · Introduced in the House
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.