Friday, November 22, 2024

Feb. 3, 1999 sees Congressional Record publish “SMALL BUSINESS INVESTMENT COMPANY TECHNICAL CORRECTIONS ACT OF 1999”

Volume 145, No. 19 covering the 1st Session of the 106th Congress (1999 - 2000) was published by the Congressional Record.

The Congressional Record is a unique source of public documentation. It started in 1873, documenting nearly all the major and minor policies being discussed and debated.

“SMALL BUSINESS INVESTMENT COMPANY TECHNICAL CORRECTIONS ACT OF 1999” mentioning the Environmental Protection Agency was published in the Extensions of Remarks section on pages E134-E136 on Feb. 3, 1999.

The publication is reproduced in full below:

SMALL BUSINESS INVESTMENT COMPANY TECHNICAL CORRECTIONS ACT OF 1999

______

speech of

HON. JUANITA MILLENDER-McDONALD

of california

in the house of representatives

Tuesday, February 2, 1999

Ms. MILLENDER-McDONALD. Mr. Speaker, I am very proud of the legislation the Small Business Committee has brought to the floor today. Through bipartisan efforts, we were able to unanimously pass this bill in the Committee, which will help small business entrepreneurs, particularly in urban communities, obtain the necessary capital to succeed.

As a member of the Committee and an original co-sponsor of H.R. 68, I would like to briefly explain why this bill is so important to small business owners in the 37th district of California and throughout the country. This bill will help give small businesses increased access to capital by streamlining the operation of the Small Business Investment Company program. Access to capital is one of the biggest challenges facing small businesses today. It is particularly difficult for women business owners who have just 2% of all venture capital.

This measure will allow SBICs, which are a critical public-private partnership helping thousands of small businesses, more flexibility in offering loans, a higher amount of available funding, and lower interest rates. SBICs have invested nearly $15 billion in long-term debt and equity capital to over 90,000 small businesses. As a result, companies such as Intel, FedEx, AOL and Staples were able to succeed, causing millions of jobs to be created and billions of dollars contributed to our economy. Most important to me and my district, are the ways in which SBICs have helped small businesses in urban areas access the capital they need to grow.

In 1997, we witnessed several innovative creations as a result of the SBIC program--two women owned SBICs and the first Hispanic owned SBIC. This growth and expansion will be accelerated with the passage of H.R. 68. I urge my colleagues to join me in passing this bill and being a part of our ongoing efforts to provide more opportunities to serve small, minority and women owned businesses and entrepreneurs.

SENATE COMMITTEE MEETINGS

Title IV of Senate Resolution 4, agreed to by the Senate on February 4, 1977, calls for establishment of a system for a computerized schedule of all meetings and hearings of Senate committees, subcommittees, joint committees, and committees of conference. This title requires all such committees to notify the Office of the Senate Daily Digest--designated by the Rules committee--of the time, place, and purpose of the meetings, when scheduled, and any cancellations or changes in the meetings as they occur.

As an additional procedure along with the computerization of this information, the Office of the Senate Daily Digest will prepare this information for printing in the Extensions of Remarks section of the Congressional Record on Monday and Wednesday of each week.

Meetings scheduled for Thursday, February 4, 1999 may be found in the Daily Digest of today's Record.

MEETINGS SCHEDULED

FEBRUARY 58:30 a.m.

YEAR 2000 TECHNOLOGY PROBLEM

To hold hearings to examine information technology as it applies to the food sector in the Year 2000.

SD-1929 a.m.

Small Business

Business meeting to consider pending committee business;

S. 314, to provide for a loan guarantee program to address the Year 2000 computer problems of small business concerns; the proposed Small Business

Investment Company Technical Corrections Act of 1999; and the nomination of Phyllis K. Fong, of Maryland, to be Inspector General, Small Business Administration.

SR-428A

FEBRUARY 99:30 a.m.

Budget

To resume hearings on the President's proposed budget request for fiscal year 2000.

SD-608

Health, Education, Labor, and Pensions

To hold hearings on proposed legislation authorizing funds for elementary and secondary education programs.

SD-430

Armed Services

To resume hearings on proposed legislation authorizing funds for fiscal year 2000 for the Department of

Defense, and the future years defense program.

SH-216

Commerce, Science, and Transportation

To hold hearings on the nomination of Wayne O. Burkes, of

Mississippi, to be a Member of the Surface

Transportation Board, Department of Transportation; to be followed by a hearing on S. 96, to regulate commerce between and among the several States by providing for the orderly resolution of disputes arising out of computer-based problems related to processing data that includes a 2-digit expression of that year's date.

SR-253

FEBRUARY 109:30 a.m.

Energy and Natural Resources

Business meeting to consider pending calendar business.

SD-366

Health, Education, Labor, and Pensions

To hold hearings on Department of Labor budget intiatives.

SD-430

Commerce, Science, and Transportation

Business Meeting to markup S. 82, to authorize appropriations for Federal Aviation Administration.

SR-253

FEBRUARY 118:30 a.m.

YEAR 2000 TECHNOLOGY PROBLEM

To hold hearings to examine information technology as it applies to the food sector in the Year 2000.

SD-1929:30 a.m.

Environment and Public Works

To hold hearings to examine the President's proposed budget request for fiscal year 2000 for the

Environmental Protection Agency.

SD-406

Banking, Housing, and Urban Affairs

Business Meeting to markup S. 313, to repeal the Public

Utility Holding Company Act of 1935, and to enact the

Public Utility Holding Company Act of 1999, and the proposed Financial Regulatory Relief and Economic

Efficiency Act of 1999.

SD-538

Health, Education, Labor, and Pensions

To hold hearings on the proposed budget request for the

Department of Education.

SD-430

Armed Services

To resume hearings on proposed legislation authorizing funds for fiscal year 2000 for the Department of

Defense, and the future years defense program.

SH-2161 p.m.

Budget

To resume hearings on the President's proposed budget request for fiscal year 2000.

SD-608

FEBRUARY 129:30 a.m.

Budget

To hold hearings on national defense budget issues.

SD-608

FEBRUARY 239:30 a.m.

Health, Education, Labor, and Pensions

To hold hearings on Department of Education reform issues.

SD-430

FEBRUARY 249:30 a.m.

Armed Services

Readiness Subcommittee

To hold hearings on the National Security ramifications of the Year 2000 computer problem.

SH-216

Health, Education, Labor, and Pensions

Public Health and Safety Subcommittee

To hold hearings on antimicrobial resistance.

SD-430

Health, Education, Labor, and Pensions

Public Health and Safety Subcommittee

To hold hearings on.

SD-430

FEBRUARY 259:30 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the Military Order of the Purple

Heart, the Fleet Reserve, the Retired Enlisted

Association, the Gold Star Wives of America, and the

Air Force Sergeants Association.

345, Cannon Building

Health, Education, Labor, and Pensions

To hold hearings on protecting medical records privacy issues.

SD-4302 p.m.

Judiciary

Antitrust, Business Rights, and Competition Subcommittee

To hold hearings to review competition and antitrust issues relating to the Telecommunications Act.

SD-226

MARCH 29:30 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the Veterans of Foreign Wars.

345, Cannon Building

MARCH 49:30 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the Veterans of World War I of the

USA, Non-Commissioned Officers Association, Paralyzed

Veterans of America, Jewish War Veterans, and the

Blinded Veterans Association.

345, Cannon Building

MARCH 109:30 a.m.

Armed Services

Readiness Subcommittee

To hold hearings on the condition of the service's infrastructure and real property maintenance programs for fiscal year 2000.

SR-236

MARCH 1710 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the Disabled American Veterans.

345, Cannon Building

MARCH 2410 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the American Ex-Prisoners of War,

AMVETS, Vietnam Veterans of America, and the Retired

Officers Association.

345, Cannon Building

SEPTEMBER 289:30 a.m.

Veterans' Affairs

To hold joint hearings with the House Committee on

Veterans' Affairs to review the legislative recommendations of the American Legion.

345, Cannon Building

POSTPONEMENTS

FEBRUARY 108:30 a.m.

Judiciary

Antitrust, Business Rights, and Competition Subcommittee

To hold hearings to review competition and antitrust issues relating to the Telecom Act.

SD-226

SOURCE: Congressional Record Vol. 145, No. 19