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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 639a Review of loan program; submission of estimated needs for additional authorization us united_states_code code_section 15 COMMERCE AND TRADE 14A AID TO SMALL BUSINESS 639a 15 U.S.C. § 639a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s639a data/legal/raw/us/code/title-15/usc15.xml 3dac840cef9a15fcf790b79fec8c81fcc438547475846f627fd5486eff5b82c5 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 9c10af5ebbfdaf508bf341cc6fa3297a8ea25ac3c46ff398c5403ace0d17bda1 2026-07-04 official
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15 U.S.C. § 639a - Review of loan program; submission of estimated needs for additional authorization

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.

(Pub. L. 87550, § 1(b), July 25, 1962, 76 Stat. 221.)

Notes

Editorial Notes

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