To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through June 4, 2004, and for other purposes.
Latest Action
Became Public Law No: 108-217.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, H.R. 4062 from the 108th Congress, provided a temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958 through June 4, 2004. The legislation was enacted as Public Law No: 108-217 on April 5, 2004. The extension allowed for the continued operation of small business support programs for a limited period, ensuring no interruption in services and funding during the transition to longer-term legislative measures.
H.R. 4062 temporarily extended small business support programs to maintain continuity of services until June 4, 2004, and was signed into law in April 2004.
- The bill extends existing small business programs under two key statutes: the Small Business Act and the Small Business Investment Act of 1958.
- The extension is temporary, lasting until June 4, 2004, providing a short-term continuation of program authorities and funding.
- The bill was passed by the House and became Public Law No: 108-217, indicating successful enactment.
['Small businesses that rely on federal programs authorized under the Small Business Act and the Small Business Investment Act of 1958', 'The Small Business Administration (SBA), as the federal agency administering these programs', 'Financial institutions and investors involved in small business investment programs']
['Temporary extensions may create uncertainty for program planning and long-term funding stability', 'Short-term nature of the extension requires further legislative action to provide permanent authorization', 'Potential administrative burden on the SBA to manage program continuity during the extension period']
This bill was enacted during the 108th Congress as a stopgap measure to prevent lapse in small business program authorities while Congress considered longer-term reauthorization. Temporary extensions are common legislative tools used to maintain government program operations during periods of legislative negotiation.
Hidden impact flags detected: 1
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['Maintaining program continuity may support ongoing small business lending and investment activities during the extension period.', 'The temporary nature may prompt stakeholders to advocate for or prepare for subsequent legislative action to secure longer-term program authorization.']
The bill lacks detailed publicly available text and official summary, limiting comprehensive analysis. Transparency is maintained by recording the bill's enactment as Public Law No: 108-217. Oversight considerations include monitoring the impact of temporary extensions on program stability and ensuring timely follow-up legislation to avoid service disruptions.
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