Us Code § 639a - Review of loan program; submission of estimated needs for additional authorization
Full text of Us Code United States Code § 639a — Review of loan program; submission of estimated needs for additional authorization, with citation guidance and answers to common questions.
§ 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, §1(b), July 25, 1962, 76 Stat. 221.)
Editorial Notes
Codification
Section was not enacted as part of the Small Business Act which comprises this chapter.
About This Section
15 U.S.C. § 639a is part of Title 15 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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