S. 141: A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.
Before you vote › Federal bills
S. 141: A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.
108th Congress · introduced 2003-01-10 · Commerce · Latest: Became Public Law No: 108-8.
federal
Follow this bill, step by step
- Where it came from: introduced 2003-01-10 · official record
- Who proposed it: Sen. Snowe, Olympia J. [R-ME] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Became Public Law No: 108-8. (final step reached)
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.
Plain summary
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. Requires the Small Business Administration, after written notification to Congress, to implement the validated, OMB-approved subsidy rate for FY 2003, using this model and methodology.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
A bill to improve the calculation of the Federal subsidy rate with respect to certain small business loans, and for other purposes.
Source: Congressional Research Service summary (Introduced in Senate)
AI explanation – may be wrong, check the official text
No AI explanation yet. It takes up to a minute to write and is then saved for everyone.
Limited to a few requests an hour per person.
The strongest published arguments
Arguments for (supporters)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Arguments against (opponents)
Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.
Alternatives
Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.
How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Snowe, Olympia J. [R-ME] · 10 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Mike Crapo (R-ID)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
- Fiscal year
- The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s141.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>
Record fed-us-cong108-s141 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108