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S. 141 · 108th Congress · 2003–2004

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

S. 141 in the 108th Congress (2003–2004) became law — introduced on Jan 10, 2003, sponsored by Olympia J. Snowe with 10 co-sponsors.

During the 108th Congress (2003–2004), George W. Bush was president, and Republicans held majorities in both the House and Senate.

Status
Became law
Introduced
Jan 10, 2003
Co-sponsors
10
Policy area
Commerce
Public law
Public Law 108-8

What it does

Authorizes the Director of the Office of Management and Budget (OMB), in calculating the Federal cost for guaranteeing small business loans under the Small Business Act during FY 2003, to use the most recently approved subsidy cost model and methodology in conjunction with the program and economic assumptions, and historical data included in the FY 2003 budget.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Olympia J. Snowe (R-ME). Co-sponsors: 4 Democrats, 6 Republicans.

Where it stands

  • IntroducedJan 10, 2003
  • Passed the SenateJan 10, 2003
  • Passed the HouseFeb 11, 2003
  • Sent to the PresidentFeb 14, 2003
  • Became lawFeb 25, 2003

Latest action: Became Public Law No: 108-8. (Feb 25, 2003)

More bills from Olympia J. Snowe in the 108th Congress

Other Commerce bills in the 108th Congress

Committees

  • Small Business Committee
  • Budget Committee

More

From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “S. 141 (108th Congress): A bill to improve the calculation of the…,” https://www.capitolreceipts.com/bill/108-s-141/a-bill-to-improve-the-calculation-of-the-federal (accessed 2026-10-17).