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15 U.S.C. § 639aReview of loan program; submission of estimated needs for additional authorization

submitted 64 years ago by Pub. L. 87-550 to r/title-15-COMMERCE-AND-TRADE · 126 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain

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.

Source credit: (Pub. L. 87–550, § 1(b), July 25, 1962, 76 Stat. 221.)

history & why it existsrecord from the source credit
  • 1962Enacted · Pub. L. 87-550 · 76 Stat. 221

A history note hasn’t been published yet. The record shows enactment by Pub. L. 87-550 on 1962-07-25.

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