2016 US Code
Title 15 - Commerce and Trade
Chapter 14A - Aid to Small Business
Sec. 639a - Review of loan program; submission of estimated needs for additional authorization

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Citation 15 U.S.C. § 639a (2016)
Section Name §639a. Review of loan program; submission of estimated needs for additional authorization
Section Text

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.)

Editorial Notes CODIFICATION

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

Publication Title United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 15 - COMMERCE AND TRADE
CHAPTER 14A - AID TO SMALL BUSINESS
Sec. 639a - Review of loan program; submission of estimated needs for additional authorization
Contains section 639a
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 76 Stat. 221
Public Law References Public Law 87-550
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