A bill to amend the Small Business Investment Act of 1958.
Public Law 99-226 · H.R. 3608 · 99th Congress · began in the House
Signed by Ronald Reagan (R) on Dec 28, 1985 · Commerce
Sponsor: Rep. Parren Mitchell (D-MD-7)
Cosponsors: None
Passage votes
- HouseVoice vote
- 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.
Amends the Small Business Investment Act of 1958 to provide that small business investment companies that make loans to small businesses may charge interest on such loans at a rate which does not exceed the maximum rate prescribed by Small Business Administration regulation (determined without regard to any State rate incorporated by such regulation).
Committees
The committees the bill was sent to, and what each did with it.
Small Business Committee · House · markup by, referred to, reported bySubcommittee: Procurement, Innovation and Minority Enterprise Development Subcommittee
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. 11 actions.
- Dec 28, 1985Became lawBecame law · Became Public Law No: 99-226.
- Became lawBecame law · Signed by President.
- Dec 19, 1985PresidentPresident · Presented to President.
- Dec 18, 1985FloorFloor · Passed Senate without amendment by Voice Vote.
- Nov 19, 1985FloorFloor · Passed House by Voice Vote.
- Nov 14, 1985CommitteeCommittee · Reported by House Small Business Committee
- Nov 13, 1985CommitteeCommittee · Markup by House Small Business Committee
- Nov 7, 1985CommitteeCommittee · Hearings by Procurement, Innovation and Minority Enterprise Development Subcommittee of the House Small Business Committee
- CommitteeCommittee · Referred to Procurement, Innovation and Minority Enterprise Development Subcommittee of the House Small Business Committee
- Oct 23, 1985CommitteeCommittee · 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.