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15 U.S.C. § 637a — Repealed. Pub. L. 89–409, § 3(b), May 2, 1966, 80 Stat. 133

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 637a — Repealed. Pub. L. 89–409, § 3(b), May 2, 1966, 80 Stat. 133

### Statutory Notes Section, Pub. L. 87–550, § 2, July 25, 1962, 76 Stat. 221, authorized the Administration to make loans to assist in adjusting to competition from imports, described such authority as additional to that under the Small Business Act, provided for application of the Trade Expansion Act of 1962, authorized appropriations, and provided for an effective date. See [section 636(e) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section636/e&num=0&edition=prelim). #### Effective Date of Repeal Repeal effective on July 1, 1966, see section 3(c) of Pub. L. 89–409, set out as a note under [section 636 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section636&num=0&edition=prelim).

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Source location: Title 15, Chapter 14A, § 637a; chapter-14a-aid-to-small-business.md

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 636 — Additional powers

**(a) Loans to small business concerns; allowable purposes; qualified business; restrictions and limitations** The Administration is empowered to the extent and in such amounts as provided in advance in appropriation Acts to make loans for plant acquisition, construction, conversion, or expansion, including the acquisition of land, material, supplies, equipment, and working capital, and to make loans to any qualified small business concern, including those owned by qualified Indian tribes, for purposes of this chapter. Such financings may be made either directly or in cooperation with banks or other financial institutions through agreements to participate on an immediate or deferred (guaranteed) basis. These powers shall be subject, however, to the following restrictions, limitations, and provisions: (1) **In general.—** (A) *Credit elsewhere.—* (i) *In general.—* — The Administrator has the authority to direct, and conduct oversight for, the methods by which lenders determine whether a borrower is able to obtain credit elsewhere. No financial assistance shall be extended pursuant to this subsection if the applicant can obtain credit elsewhere. No immediate participation may be purchased unless it is shown that a deferred participation is not available; and no direct financing may be made unless it is shown that a participation is not available. (ii) *Liquidity.—* — On and after October 1, 2015, the Administrator may not guarantee a loan under this subsection if the lender determines that the borrower is unable to obtain credit elsewhere solely because the liquidity of the lender depends upon the guaranteed portion of the loan being sold on the secondary market. (B) *Background checks.—* — Prior to the approval of any loan made pursuant to this subsecti

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 633 — Small Business Administration

**(a) Creation; principal, branch, and regional offices** In order to carry out the policies of this chapter there is created an agency under the name “Small Business Administration” (herein referred to as the Administration), which Administration shall be under the general direction and supervision of the President and shall not be affiliated with or be within any other agency or department of the Federal Government. The principal office of the Administration shall be located in the District of Columbia. The Administration may establish such branch and regional offices in other places in the United States as may be determined by the Administrator of the Administration. As used in this chapter, the term “United States” includes the several States, the Territories and possessions of the United States, the Commonwealth of Puerto Rico, the Trust Territory of the Pacific Islands, and the District of Columbia. **(b) Appointment of Administrator, Deputy Administrator, and Associate Administrators; duties of Administrator: preparation of data base and publication of economic indices and annual report; risk management database; computer security and education program** (1) The management of the Administration shall be vested in an Administrator who shall be appointed from civilian life by the President, by and with the advice and consent of the Senate, and who shall be a person of outstanding qualifications known to be familiar and sympathetic with small-business needs and problems. The Administrator shall not engage in any other business, vocation, or employment than that of serving as Administrator. In carrying out the programs administered by the Small Business Administration including its lending and guaranteeing functions, the Administrator shall not discriminate on the

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 637a — Repealed. Pub. L. 89–409, § 3(b), May 2,

Page 921 TITLE 15—COMMERCE AND TRADE § 637c small businesses resulting from such cooperation with profitmaking concerns. TENNESSEE VALLEY AUTHORITY; PROCUREMENT PROCE- DURES UNDER 1983 AND 1984 AMENDMENTS APPLICA- BLE ONLY TO PROCUREMENTS PAID FROM APPRO- PRIATED FUNDS Pub. L. 98–577, title IV, § 404(c), Oct. 30, 1984, 98 Stat. 3084, provided that: ‘‘The provisions of the amendment made by subsection (a) of this section [enacting sub- secs. (e) to (j) of this section and striking out former subsec. (e) of this section] shall apply to the Tennessee Valley Authority only with respect to procurements to be paid from appropriated funds.’’ Pub. L. 98–72, § 1(b)(3), Aug. 11, 1983, 97 Stat. 405, pro- vided that: ‘‘The provisions of this Act [amending this section] shall apply to the Tennessee Valley Authority only with respect to procurements to be paid from ap- propriated funds.’’ ASIAN PACIFIC AMERICANS AS DISADVANTAGED MINORITY IN 1978 Pub. L. 96–302, title I, § 118(c)(2), July 2, 1980, 94 Stat. 840, provided that the amendment of subsec. (d)(3)(C) by Pub. L. 96–302, including Asian Pacific Americans among the disadvantaged minorities, shall apply as if included in the amendment made by section 211 of Pub. L. 95–507, to subsec. (d) of this section. BUSINESS PLANS; SUBMITTAL BY CONCERNS ELIGIBLE TO RECEIVE CONTRACTS Concerns eligible to receive contracts pursuant to subsec. (a) of this section required to submit business plans required under section 636(j)(10)(A)(i) of this title within certain time limits, provided that no determina- tion made under this paragraph shall be considered a denial of total participation for the purposes of subsec. (a)(9) of this section, see section 106(b) of Pub. L. 96–481 set out as a note under section 636 of this ti

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