§ 631a. — Congressional declaration of small business economic policy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC631a]
TITLE 15--COMMERCE AND TRADE
CHAPTER 14A--AID TO SMALL BUSINESS
Sec. 631a. Congressional declaration of small business economic
policy
(a) Foster small business
For the purpose of preserving and promoting a competitive free
enterprise economic system, Congress hereby declares that it is the
continuing policy and responsibility of the Federal Government to use
all practical means and to take such actions as are necessary,
consistent with its needs and obligations and other essential
considerations of national policy, to implement and coordinate all
Federal department, agency, and instrumentality policies, programs, and
activities in order to: foster the economic interests of small
businesses; insure a competitive economic climate conducive to the
development, growth and expansion of small businesses; establish
incentives to assure that adequate capital and other resources at
competitive prices are available to small businesses; reduce the
concentration of economic resources and expand competition; and provide
an opportunity for entrepreneurship, inventiveness, and the creation and
growth of small businesses.
(b) Capital availability to small business
Congress further declares that the Federal Government is committed
to a policy of utilizing all reasonable means, consistent with the
overall economic policy goals of the Nation and the preservation of the
competitive free enterprise system of the Nation, to establish private
sector incentives that will help assure that adequate capital at
competitive prices is available to small businesses. To fulfill this
policy, departments, agencies, and instrumentalities of the Federal
Government shall use all reasonable means to coordinate, create, and
sustain policies and programs which promote investment in small
businesses, including those investments which expand employment
opportunities and which foster the effective and efficient use of human
and natural resources in the economy of the Nation.
(Pub. L. 96-302, title III, Sec. 302, July 2, 1980, 94 Stat. 848.)
Codification
Section was enacted as part of the Small Business Economic Policy
Act of 1980, and not as part of the Small Business Act which comprises
this chapter.
Effective Date
Section effective Oct. 1, 1980, see section 507 of Pub. L. 96-302,
set out as an Effective Date of 1980 Amendment note under section 631 of
this title.
Short Title
For short title of title III of Pub. L. 96-302, as the Small
Business Economic Policy Act of 1980, see Short Title of 1980 Amendments
note set out under section 631 of this title.
Section Referred to in Other Sections
This section is referred to in section 631b of this title.
