Small Business Defense Economic Transition Assistance Act of 1992

Summary

Small Business Defense Economic Transition Assistance Act of 1992 - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make loans to a small business concern that has been detrimentally affected by: (1) the closure (or substantial reduction) of a Department of Defense (DOD) installation; or (2) the termination or substantial reduction of a DOD program under which the small business was a prime contractor or subcontractor (or supplier). Authorizes such loans also for a qualified individual seeking to establish or acquire and operate a small business. Requires loan amounts to be provided in advance in appropriation Acts for such purpose. Defines as a qualified individual seeking to establish or acquire a small business: (1) a member of the armed forces honorably discharged from active duty involuntarily or under a separation incentive program; (2) a civilian DOD employee involuntarily separated or retired pursuant to a program for early retirement; or (3) an employee of a prime contractor, subcontractor, or supplier at any tier of a DOD program whose employment is involuntarily terminated (or voluntarily terminated under a program encouraging voluntary separation or early retirement) due to the termination or substantial reduction of a DOD program. Revises Federal provisions relating to services offered by small business development centers (SBDCs) to: (1) repeal a provision requiring the SBDCs to assist small businesses in developing and implementing marketing and production strategies to enable them to better compete in the domestic market; and (2) add to SBDC services assistance to small businesses to develop and implement strategic business plans to respond to the planned closure or reduction of a DOD facility within the community or actual or projected reduction in the firms' business base due to the termination or reduction of a DOD program or of a contract in support of such a program.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

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• Introduced in Senate

  summary · EN · 2 July 1992

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