Title 15 — Commerce and TradeRelease 119-73
§639a Review of loan program; submission of estimated needs for additional authorization
Title 15 › Chapter CHAPTER 14A— - AID TO SMALL BUSINESS › § 639a
Summary
Congress wants the Small Business Administration’s regular business loan program reviewed by Congress at least every two years. The SBA should send Congress its estimate of any extra authorization it will need at least one year before the approval date so Congress, starting July 25, 1962, can grant two-year authorizations and avoid emergency requests.
Full Legal Text
Title 15, §639a
Commerce and Trade — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Codification Section was not enacted as part of the Small Business Act which comprises this chapter.
Reference
Citations & Metadata
Citation
15 U.S.C. § 639a
Title 15 — Commerce and Trade
Last Updated
Apr 6, 2026
Release point: 119-73