15 U.S.C. § 639a

Current through P.L. 118-107 (published on www.congress.gov on 11/21/2024)

Section 639a - Review of loan program; submission of estimated needs for additional authorization

It is the sense of the Congress that the regular business loan program of the Small Business Administration should be reviewed by the Congress at least once every two years. It is further the sense of the Congress that the Small Business Administration should submit its estimated needs for additional authorization for such program to the Congress at least one year in advance of the date on which such authorization is to be provided, in order to assure an orderly and recurring review of such program and to avoid emergency appeals for additional authorization. Compliance by the Small Business Administration with the foregoing policy will enable the Congress on and after July 25, 1962, to provide additional authorization for such program on a two-year basis.

15 U.S.C. § 639a

Pub. L. 87-550, §1(b), July 25, 1962, 76 Stat. 221.

EDITORIAL NOTES

CODIFICATIONSection was not enacted as part of the Small Business Act which comprises this chapter.

Administration

the terms "Administration" and "Administrator" mean the Small Business Administration and the Administrator thereof, respectively; and