Small Business Administration Authorization Act

Summary

Small Business Administration Authorization Act - Title I: Authorizations and Limitations - Eliminates administrative expenses as items which can be financed from the disaster loan fund and the business loan and investment fund established by the Small Business Act. Repeals the aggregate amount restriction for small business loans and disaster loan fund authorizations. Makes authorizations for specified programs authorized by the Small Business Act and the Small Business Investment Act. Amends the Small Business Investment Act to eliminate appropriations to the revolving funds for lease guarantees and surety bond guarantees and the requirement that the Administrator of the Small Business Administration pay specified sums from the funds into the Treasury. Title II: Moratoriums - Authorizes the Administration to assume or suspend a small business concern's obligation to make payments on a direct loan made by the Administration under the Small Business Act. Specifies conditions which must be met before the loan may be suspended or assumed. Title III: Certificate of Competency - Amends the Small Business Act to prohibit government procurement officers from denying a contract to a Small Business concern which has been certified to perform such contract by the Administration without referring the matter for final disposition to the Administration. Dictates procedures to be followed if such officer finds that such concern may be ineligible due to requirements of the Walsh-Healey Act. Title IV: Procurement Assistance - Amends the Small Business Act to require the Administration to give priority in awarding contracts to concerns which shall perform a substantial proportion of the production of those contracts within areas of concentrated unemployment or under employment or within labor surplus areas.

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2 official files

• Indefinitely postponed in Senate

  summary · EN · 19 May 1977

  Open at official source

• Introduced in Senate

  summary · EN · 2 May 1977

  Open at official source

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