S. 141Senate108th Congress (2003-2005)Enacted

A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.

Introduced January 10, 2003

Legislative Activity

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13 earlier actions
Became Law Latest Action

Became Public Law No: 108-8.

February 25, 2003

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SenateIntro Referral

Introduced in Senate

January 10, 2003

SenateFloor

Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S206-207; text as passed Senate: CR S207)

January 10, 2003

HouseFloor

Received in the House.

January 27, 2003 • 2:01 PM

SenateFloor

Message on Senate action sent to the House.

January 27, 2003

HouseIntro Referral

Referred to the Committee on the Budget, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

January 27, 2003

HouseFloor

Mr. Nussle moved to suspend the rules and pass the bill.

February 11, 2003 • 4:36 PM

HouseFloor

Considered under suspension of the rules. (consideration: CR H354-361)

February 11, 2003 • 4:36 PM

HouseFloor

DEBATE - The House proceeded with forty minutes of debate on S. 141.

February 11, 2003 • 4:36 PM

SenateFloor

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H354)

February 11, 2003 • 5:10 PM

HouseFloor

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H354)

February 11, 2003 • 5:10 PM

HouseFloor

Motion to reconsider laid on the table Agreed to without objection.

February 11, 2003 • 5:10 PM

President

Presented to President.

February 14, 2003

Became Law

Signed by President.

February 25, 2003

Became Law

Became Public Law No: 108-8.

February 25, 2003

Floor Debate

23 members

What members said about S. 141 on the floor

12 Republicans11 Democrats
Barbara A. Mikulski
Sen. Barbara A. MikulskiD-MD · Jan 23, 2003

Parliamentary inquiry. Mr. President, parliamentary inquiry: First, I recognize that the Senator has time. But I didn't know if we were going to alternate speakers. Does the Senator from Wyoming…

Ted Stevens
Sen. Ted StevensR-AK · Jan 23, 2003

I move to lay that motion on the table. The motion to lay on the table was agreed to. Mr. President, I move to reconsider the vote, and I move to lay that motion on the table. The motion to lay on…

Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Jan 10, 2003

Mr. President, I rise today in support of legislation that I introduced today to permit the Office of Management and Budget, OMB, and the Small Business Administration, SBA, to use a…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Jan 23, 2003

Mr. President, I have two amendments at the desk that are intended to address a critical shortage in nutrition funding for schools, food banks and soup kitchens brought about by the Bush…

Craig Thomas
Sen. Craig ThomasR-WY · Jan 23, 2003

Mr. President, the amendment is at the desk. I ask unanimous consent that the reading of the amendment be dispensed with. Mr. President, this is a second-degree amendment to the underlying amendment.…

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John F. Kerry
Sen. John F. KerryD-MA · Jan 23, 2003

Mr. President, I strongly support the amendment offered by Senator Mikulski that would prevent Federal agencies from establishing, applying, or enforcing any numerical goal, target, or quota for the…

Frank R. Lautenberg
Sen. Frank R. LautenbergD-NJ · Jan 23, 2003

Mr. President, if the Senator from Alaska will yield, I think there is an understanding that I am going to modify the amendment I have at the desk. I thank the manager. Amendments Nos. 6, 83, 85,…

George Allen
Sen. George AllenR-VA · Jan 23, 2003

Mr. President, I thank the Senator from Wyoming for his leadership. I rise in support of his amendment, and, as the Senator from Ohio said, in opposition to the amendment of the Senator from…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Jan 23, 2003

Mr. President, I strongly support Senator Mikulski's amendment to prohibit arbitrary, ``one-size-fits-all'' privatization quotas for Federal agencies. Under the amendment, agencies would still be…

Tom Harkin
Sen. Tom HarkinD-IA · Jan 23, 2003

I would like to associate myself with the remarks of Senator Leahy regarding the restoration of Section 32 funds that were depleted to finance the Administration's ad-hoc program to provide emergency…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Jan 23, 2003

Mr. President, I think the Senator from Maryland has raised a very legitimate point about the use of arbitrary quotas or numerical targets to guide the contracting-out activities of Federal agencies.…

Debbie Stabenow
Sen. Debbie StabenowD-MI · Jan 23, 2003

That is correct. Mr. President, I send an amendment to the desk, and I ask unanimous consent that it be considered in lieu of my motion to instruct the conferees that is already at the desk. Mr.…

Herb Kohl
Sen. Herb KohlD-WI · Jan 23, 2003

Mr. President, the 2002 farm bill authorized the Grants for Youth Program, an initiative to develop pilot programs and expand outreach to youth in rural communities and small towns across the Nation.…

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Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Jan 23, 2003

Mr. President, I rise today to engage in a colloquy with the distinguished junior Senator from Maine, the distinguished junior Senator from Maine, the distinguished ranking member of the Agriculture…

James M. Inhofe
Sen. James M. InhofeR-OK · Jan 23, 2003

Mr. President, I rise in opposition to the Lautenberg amendment. I look over and see both Senators from Louisiana here. I can assure you that money is not just the answer. I remember at Bossier City…

Mike Crapo
Sen. Mike CrapoR-ID · Jan 23, 2003

Mr. President, would the distinguished Chairman of the Subcommittee yield for a colloquy regarding Land and Water Conservation Funds for Idaho? First allow me to commend the Chairman and Ranking…

Paul S. Sarbanes
Sen. Paul S. SarbanesD-MD · Jan 23, 2003

Mr. President, I rise today in support of an amendment offered by Senator Mikulski regarding the use of quotas in contracting out Government jobs. The administration has put forth proposals requiring…

Harry Reid
Sen. Harry ReidD-NV · Jan 23, 2003

Mr. President, parliamentary inquiry. I announce that the Senator from Iowa (Mr. Harkin) and the Senator from Hawaii (Mr. Inouye) are necessarily absent. I ask to be made a cosponsor. Have the yeas…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Jan 23, 2003

Mr. President, will the distinguished chairman of the Transportation Subcommittee, my good friend, the Senator from Alabama, yield for a question? My office was recently visited by the mayor of…

George V. Voinovich
Sen. George V. VoinovichR-OH · Jan 23, 2003

Mr. President, I---- Mr. President, how much time do we have on this side? I thank the Chair. First, I share the concerns of the Senator from Maryland about this problem, and I want to do everything…

Thad Cochran
Sen. Thad CochranR-MS · Jan 23, 2003

I appreciate the efforts of my friend from Wisconsin. I agree that the Summer Food Service Program is important for several reasons. Not only does it provide children with a healthy meal, but many of…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jan 23, 2003

Mr. President, could I just ask---- Not wishing to object, I ask if any disposition has been made on amendment 126. I will wait for the remaining package. If not, I will ask for a vote on it. Mr.…

Larry E. Craig
Sen. Larry E. CraigR-ID · Jan 23, 2003

One minute. The superfund site in Coeur d'Alene, ID, that the Senator from New Jersey referred to, 3 years ago was touted to cost $1 billion to clean up. As a result of a cooperative State plan, in…

Conrad R. Burns
Sen. Conrad R. BurnsR-MT · Jan 23, 2003

You are correct Senator. Four million dollars is in the report for this purpose which originated from a request to the Interior Appropriation Subcommittee in the form of a Dear Colleague letter dated…

Bill Text

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Enrolled BillPublication date not provided
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 141 Enrolled Bill (ENR)]

S.141

One Hundred Eighth Congress

of the

United States of America

AT THE FIRST SESSION

Begun and held at the City of Washington on Tuesday,
the seventh day of January, two thousand and three

An Act

To improve the calculation of the Federal subsidy rate with respect to
certain small business loans, and for other purposes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SUBSIDY RATE FOR SMALL BUSINESS LOANS.

Notwithstanding section 502(5)(F) of the Federal Credit Reform Act
of 1990 and section 254(j) of the Balanced Budget and Emergency Deficit
Control Act of 1985, the Director of the Office of Management and
Budget, in calculating the Federal cost for guaranteeing loans during
fiscal year 2003 under section 7(a) of the Small Business Act (15
U.S.C. 636(a)), may use the most recently approved subsidy cost model
and methodology in conjunction with the program and economic
assumptions, and historical data which were included in the fiscal year
2003 budget. After written notification to Congress, the Small Business
Administration shall implement the validated, OMB-approved subsidy rate
for fiscal year 2003, using this model and methodology. Such rate shall
be deemed to have been effective on October 1, 2002.

Speaker of the House of Representatives.

Vice President of the United States and
President of the Senate.