§ 639a. — Review of loan program; submission of estimated needs for additional authorization.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC639a]
TITLE 15--COMMERCE AND TRADE
CHAPTER 14A--AID TO SMALL BUSINESS
Sec. 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.
(Pub. L. 87-550, Sec. 1(b), July 25, 1962, 76 Stat. 221.)
Codification
Section was not enacted as part of the Small Business Act which
comprises this chapter.
