Browse Arkansas Code titles and sections
15 U.S.C. § 634b — Primary functions of Office of Advocacy
Federal law — U.S. Code and appendices · legal_authorities
Page 799
TITLE 15—COMMERCE AND TRADE
§ 634b
ministration, the Administration shall provide to the
Committees a copy of the draft and final plans describ-
ing the sale and the anticipated benefits resulting from
such sale.’’
PREFERRED LENDER STANDARD REVIEW PROGRAM
Pub. L. 104–208, div. D, title I, § 103(h), Sept. 30, 1996,
110 Stat. 3009–728, provided that: ‘‘Not later than 90
days after the date of enactment of this Act [Sept. 30,
1996], the Administrator shall commence a standard re-
view program for the Preferred Lender Program estab-
lished by section 5(b)(7) of the Small Business Act (15
U.S.C. 634(b)(7)), which shall include annual or more
frequent assessments of the participation of the lender
in the program, including defaults, loans, and recov-
eries of loans made by that lender under the authority
of this section. The Administrator shall require such
standard review for each new entrant to the Preferred
Lender Program.’’
STUDY
AND REPORT REGARDING 1993 AMENDMENTS TO
IMPOSE SECONDARY MARKET FEES
AND TO REDUCE
LOAN GUARANTEE PERCENTAGES
Pub. L. 103–81, § 6, Aug. 13, 1993, 107 Stat. 782, provided
that: ‘‘The Administration shall study, monitor and
evaluate the impact of the amendments made by sec-
tions 3 and 5 of this Act [amending this section and sec-
tion 636 of this title] on the ability of small business
concerns and small business concerns owned and con-
trolled by minorities and women, to obtain financing
and the impact of such sections on the effectiveness, vi-
ability and growth of the secondary market authorized
by section 5(f) of the Small Business Act [subsec. (f) of
this section]. Not later than 16 months after the date of
enactment [Aug. 13, 1993], and annually thereafter, the
Administration shall submit to the Committees on
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 634b
Stored review status: historical_2024_not_currentness_verified. A text match is a research starting point; applicability is not established.
Original supplied file — preserved unchanged
Download original Markdown file
File SHA-256: ccd8631f1fbe1a13d624ee29f309b16386ea21ff5a3c74243b8f2846a49d4f3d. The original may include catalog metadata, neighboring provisions, or embedded records outside this collection's scope. Search shows only the selected federal record. Historical editions and unverified snapshots are not a statement of current law.
Authority boundary: historical or unconfirmed source not current law verified.
Open the recorded source website ↗
Record provenance
Stable record: federal_law:legal_authorities:usc2024-1f65b6a285414bfbe8d286f3
Source file: Laws/federal/codes/united-states-code-2024/title-15/section-634b-primary-functions-of-office-of-advocacy--be684b6f6e.md
Pages: Not recorded – Not recorded
Passage SHA-256: ff536cba24420b5b659047acf743e924d64b740ed99e8ed07b48fcd0a2fb7ecc
Source location: USCODE-2024-title15-chap14A-sec634b.pdf
Stored source content
Page 799
TITLE 15—COMMERCE AND TRADE
§ 634b
ministration, the Administration shall provide to the
Committees a copy of the draft and final plans describ-
ing the sale and the anticipated benefits resulting from
such sale.’’
PREFERRED LENDER STANDARD REVIEW PROGRAM
Pub. L. 104–208, div. D, title I, § 103(h), Sept. 30, 1996,
110 Stat. 3009–728, provided that: ‘‘Not later than 90
days after the date of enactment of this Act [Sept. 30,
1996], the Administrator shall commence a standard re-
view program for the Preferred Lender Program estab-
lished by section 5(b)(7) of the Small Business Act (15
U.S.C. 634(b)(7)), which shall include annual or more
frequent assessments of the participation of the lender
in the program, including defaults, loans, and recov-
eries of loans made by that lender under the authority
of this section. The Administrator shall require such
standard review for each new entrant to the Preferred
Lender Program.’’
STUDY
AND REPORT REGARDING 1993 AMENDMENTS TO
IMPOSE SECONDARY MARKET FEES
AND TO REDUCE
LOAN GUARANTEE PERCENTAGES
Pub. L. 103–81, § 6, Aug. 13, 1993, 107 Stat. 782, provided
that: ‘‘The Administration shall study, monitor and
evaluate the impact of the amendments made by sec-
tions 3 and 5 of this Act [amending this section and sec-
tion 636 of this title] on the ability of small business
concerns and small business concerns owned and con-
trolled by minorities and women, to obtain financing
and the impact of such sections on the effectiveness, vi-
ability and growth of the secondary market authorized
by section 5(f) of the Small Business Act [subsec. (f) of
this section]. Not later than 16 months after the date of
enactment [Aug. 13, 1993], and annually thereafter, the
Administration shall submit to the Committees on
Small Business of the Senate and the House of Rep-
resentatives [Committee on Small Business of Senate
now Committee on Small Business and Entrepreneur-
ship of Senate] a report containing the Administra-
tion’s findings and recommendations on such impact,
specifically including changes in the interest rates on
financings provided to small business concerns and
small business concerns owned and controlled by mi-
norities and women, through the use of the secondary
market. The Administration shall segregate such find-
ings and recommendations in the study according to
the ethnic and gender components in these categories.
Solely for the purposes of the study authorized herein,
the term ‘small business concerns owned and controlled
by minorities’, includes businesses owned and con-
trolled by individuals belonging to one of the des-
ignated groups listed in section 8(d)(3)(C) of the Small
Business Act [15 U.S.C. 637(d)(3)(C)].’’
REFERENCES IN OTHER LAWS TO GS–16, 17, OR 18 PAY
RATES
References in laws to the rates of pay for GS–16, 17,
or 18, or to maximum rates of pay under the General
Schedule, to be considered references to rates payable
under specified sections of Title 5, Government Organi-
zation and Employees, see section 529 [title I, § 101(c)(1)]
of Pub. L. 101–509, set out in a note under section 5376
of Title 5.
VIABILITY OF SECONDARY MARKETS
Pub. L. 102–366, title II, § 226, Sept. 4, 1992, 106 Stat.
1001, provided that: ‘‘The Administrator of the Small
Business Administration is authorized and directed to
take such actions in the awarding of contracts as is
deemed necessary to assure the continued long-term vi-
ability of the secondary markets in loans, debentures
or other securities guaranteed by the Administration.’’
SMALL BUSINESS LOAN SECONDARY MARKET STUDY
Pub. L. 102–366, title III, § 311, Sept. 4, 1992, 106 Stat.
1005, directed Secretary of the Treasury, Director of
Congressional Budget Office, and Chairman of Securi-
ties and Exchange Commission, in consultation with
Administrator of Small Business Administration, to
conduct a study of potential benefits of, and legal, reg-
ulatory, and market-based barriers to, developing a
secondary market for loans to small businesses, speci-
fied considerations to be included in the study, and re-
quired that, not later than 1 year after Sept. 4, 1992, a
report be submitted to Congress on results of the study,
including recommendations for legislation to facilitate
development of a secondary market for loans to small
businesses.
APPROPRIATIONS NOT AUTHORIZED
Pub. L. 98–352, § 6, July 10, 1984, 98 Stat. 332, provided
that: ‘‘This Act [amending this section and sections 633
and 639 of this title and enacting provisions set out as
notes under this section and section 631 of this title]
does not authorize the appropriation of any funds.’’
SMALL BUSINESS PROTECTION
Pub. L. 90–104, title III, §§ 301–303, Oct. 11, 1967, 81 Stat.
272, authorized Administrator of Small Business Ad-
ministration to conduct a special study of impact on
small business concerns of robbery, burglary, shop-
lifting, vandalism, and other criminal activities, and
report to President and to Congress results of study, in-
cluding such recommendations he deemed appropriate
for administrative and legislative action, within one
year after Oct. 11, 1967.
§ 634a. Office of Advocacy within Small Business
Administration; Chief Counsel for Advocacy
There is established within the Small Business
Administration an Office of Advocacy. The man-
agement of the Office shall be vested in a Chief
Counsel for Advocacy who shall be appointed
from civilian life by the President, by and with
the advice and consent of the Senate.
(Pub. L. 94–305, title II, § 201, June 4, 1976, 90
Stat. 668.)
Editorial Notes
CODIFICATION
Section was not enacted as part of the Small Busi-
ness Act which comprises this chapter.
§ 634b. Primary functions of Office of Advocacy
The primary functions of the Office of Advo-
cacy shall be to—
(1) examine the role of small business in the
American
economy
and
the
contribution
which small business can make in improving
competition, encouraging economic and social
mobility for all citizens, restraining inflation,
spurring production, expanding employment
opportunities, increasing productivity, pro-
moting exports, stimulating innovation and
entrepreneurship, and providing an avenue
through which new and untested products and
services can be brought to the marketplace;
(2) assess the effectiveness of existing Fed-
eral subsidy and assistance programs for small
business and the desirability of reducing the
emphasis on such existing programs and in-
creasing the emphasis on general assistance
programs designed to benefit all small busi-
nesses;
(3) measure the direct costs and other effects
of government regulation on small businesses;
and make legislative and nonlegislative pro-
posals for eliminating excessive or unneces-
sary regulations of small businesses;
(4) determine the impact of the tax structure
on small businesses and make legislative and
Page 800
TITLE 15—COMMERCE AND TRADE
§ 634c
1 So in original. Probably should be ‘‘compete’’.
2 So in original.
other proposals for altering the tax structure
to enable all small businesses to realize their
potential for contributing to the improvement
of the Nation’s economic well-being;
(5) study the ability of financial markets
and institutions to meet small business credit
needs and determine the impact of govern-
ment demands for credit on small businesses;
(6) determine financial resource availability
and to recommend methods for delivery of fi-
nancial assistance to minority enterprises, in-
cluding methods for securing equity capital,
for generating markets for goods and services,
for providing effective business education,
more effective management and technical as-
sistance, and training, and for assistance in
complying with Federal, State, and local law;
(7) evaluate the efforts of Federal agencies,
business and industry to assist minority enter-
prises;
(8) make such other recommendations as
may be appropriate to assist the development
and strengthening of minority and other small
business enterprises;
(9) recommend specific measures for cre-
ating an environment in which all businesses
will have the opportunity to complete 1 effec-
tively and expand to their full potential, and
to ascertain the common reasons, if any, for
small business successes and failures;
(10) determine the desirability of developing
a set of rational, objective criteria to be used
to define small business, and to develop such
criteria, if appropriate;
(11) advise, cooperate with, and consult with,
the Chairman of the Administrative Con-
ference of the United States with respect to
section 504(e) of title 5; and
(12) evaluate the efforts of each department
and agency of the United States, and of pri-
vate industry, to assist small business con-
cerns owned and controlled by veterans, as de-
fined in section 632(q) of this title, and small
business concerns owned and controlled by
serviced-disabled 2 veterans, as defined in such
section 632(q) of this title, and to provide sta-
tistical information on the utilization of such
programs by such small business concerns, and
to make appropriate recommendations to the
Administrator of the Small Business Adminis-
tration and to the Congress in order to pro-
mote the establishment and growth of those
small business concerns.
(Pub. L. 94–305, title II, § 202, June 4, 1976, 90
Stat. 668; Pub. L. 96–481, title II, § 203(b), Oct. 21,
1980, 94 Stat. 2327; Pub. L. 106–50, title VII, § 702,
Aug. 17, 1999, 113 Stat. 250.)
Editorial Notes
CODIFICATION
Section was not enacted as part of the Small Busi-
ness Act which comprises this chapter.
AMENDMENTS
1999—Par. (12). Pub. L. 106–50 added par. (12).
1980—Par. (11). Pub. L. 96–481 added par. (11).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 1980 AMENDMENT
Amendment by Pub. L. 96–481 effective Oct. 1, 1981,
and applicable to adversary adjudication as defined in
section 504(b)(1)(C) of Title 5, Government Organization
and Employees, and to civil actions and adversary adju-
dications described in section 2412 of Title 28, Judiciary
and Judicial Procedure, which are pending on, or com-
menced on or after Oct. 1, 1981, see section 208 of Pub.
L. 96–481, set out as an Effective Date note under sec-
tion 504 of Title 5, Government Organization and Em-
ployees.
TERMINATION OF ADMINISTRATIVE CONFERENCE OF
UNITED STATES
For termination of Administrative Conference of
United States, see provision of title IV of Pub. L.
104–52, set out as a note preceding section 591 of Title
5, Government Organization and Employees.
ADVOCACY STUDY OF PAPERWORK AND TAX IMPACT
Pub. L. 103–403, title VI, § 613, Oct. 22, 1994, 108 Stat.
4205, directed Chief Counsel for Advocacy of the Small
Business Administration to conduct a study of the im-
pact of all Federal regulatory, paperwork, and tax re-
quirements upon small business, and report its findings
to Congress not later than 1 year after Oct. 22, 1994.
§ 634c. Additional duties of Office of Advocacy
(a) In general
The Office of Advocacy shall also perform the
following duties on a continuing basis:
(1) serve as a focal point for the receipt of
complaints, criticisms, and suggestions con-
cerning the policies and activities of the Ad-
ministration and any other Federal agency
which affects small businesses;
(2) counsel small businesses on how to re-
solve questions and problems concerning the
relationship of the small business to the Fed-
eral Government;
(3) develop proposals for changes in the poli-
cies and activities of any agency of the Fed-
eral Government which will better fulfill the
purposes of the Small Business Act and com-
municate such proposals to the appropriate
Federal agencies;
(4) represent the views and interests of small
businesses
before
other
Federal
agencies
whose policies and activities may affect small
business;
(5) enlist the cooperation and assistance of
public and private agencies, businesses, and
other organizations in disseminating informa-
tion about the programs and services provided
by the Federal Government which are of ben-
efit to small businesses, and information on
how small businesses can participate in or
make use of such programs and services; and
(6) carry out the responsibilities of the Of-
fice of Advocacy under chapter 6 of title 5.
(b) Outreach and input from small businesses on
trade promotion authority
(1) Definitions
In this subsection—
(A) the term ‘‘agency’’ has the meaning
given the term in section 551 of title 5;
(B) the term ‘‘Chief Counsel for Advocacy’’
means the Chief Counsel for Advocacy of the
Small Business Administration;
(C) the term ‘‘covered trade agreement’’
means a trade agreement being negotiated
pursuant to section 4202(b) of title 19; and
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Seal; appointment and compensation of personnel; use of other services and facilities** The Administration shall have power to adopt, alter, and use a seal, which shall be judicially noticed. The Administrator is authorized, subject to the civil service and classification laws, to select, employ, appoint, and fix the compensation of such officers, employees, attorneys, and agents as shall be necessary to carry out the provisions of this chapter; to define their authority and duties; and to pay the costs of qualification of certain of them as notaries public. The Administration, with the consent of any board, commission, independent establishment, or executive department of the Government, may avail itself on a reimbursable or nonreimbursable basis of the use of information, services, facilities (including any field service thereof), officers, and employees thereof, in carrying out the provisions of this chapter.
**(b) Powers of Administrator** In the performance of, and with respect to, the functions, powers, and duties vested in him by this chapter the Administrator may—
(1) sue and be sued in any court of record of a State having general jurisdiction, or in any United States district court, and jurisdiction is conferred upon such district court to determine such controversies without regard to the amount in controversy; but no attachment, injunction, garnishment, or other similar process, mesne or final, shall be issued against the Administrator or his property;
(2) under regulations prescribed by him, assign or sell at public or private sale, or otherwise dispose of for cash or credit, in his discretion and upon such terms and conditions and for such consideration as the Administrator shall determine to be reasonable, any evidence of debt, contract, claim, p
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 634
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 634. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 791
TITLE 15—COMMERCE AND TRADE
§ 634
AUDIT BY GENERAL ACCOUNTING OFFICE OF SMALL
BUSINESS ADMINISTRATION; REPORT TO CONGRESS
Pub. L. 93–386, § 13, Aug. 23, 1974, 88 Stat. 750, directed
General Accounting Office to conduct a full-scale audit
of Small Business Administration, including all field
offices and to submit audit to House and Senate not
later than six months from Aug. 23, 1974.
NONAVAILABILITY OF UNOBLIGATED FUNDS AFTER
JUNE 30, 1974
Pub. L. 93–237, § 1, Jan. 2, 1974, 87 Stat. 1023, provided
in part that any additional amounts authorized by Pub.
L. 93–237 [amending this section, sections 636 and 639 of
this title, section 1961 of Title 7, Agriculture, and sec-
tion 3142–1 of Title 42, The Public Health and Welfare,
and enacting provisions set out as notes under this sec-
tion, section 636 of this title, and sections 1961 and 1969
of Title 7] which were not obligated by June 30, 1974,
were no longer to be available after that date.
ADDITIONAL CAPITAL FOR REVOLVING FUND
The following acts appropriated additional capital:
1965—$76,000,000—Pub. L. 89–309, ch. IX, Oct. 31, 1965,
79 Stat. 1151.
$84,000,000—Pub. L. 89–309, ch. IX, Oct. 31, 1965, 79
Stat. 1151 [effective only upon enactment into law of
authorizing legislation].
$150,000,000—Pub. L. 89–164, title V, Sept. 2, 1965, 79
Stat. 641.
$100,000,000—Pub. L. 89–16, title I, ch. IX, Apr. 30, 1965,
79 Stat. 92.
1964—$45,000,000—Pub. L. 88–635, ch. IX, Oct. 7, 1964, 78
Stat. 1032.
1963—$90,000,000—Pub. L. 88–245, title V, Dec. 30, 1963,
77 Stat. 798.
1962—$300,000,000—Pub. L. 87–843, title V, Oct. 18, 1962,
76 Stat. 1102.
$40,000,000—Pub. L. 87–545, title I, July 25, 1962, 76
Stat. 213.
1961—$160,000,000—Pub. L. 87–332, Sept. 30, 1961, 75
Stat. 742.
$20,000,000—Pub. L. 87–125
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 634
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 634. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
The primary functions of the Office of Advocacy shall be to—
(1) examine the role of small business in the American economy and the contribution which small business can make in improving competition, encouraging economic and social mobility for all citizens, restraining inflation, spurring production, expanding employment opportunities, increasing productivity, promoting exports, stimulating innovation and entrepreneurship, and providing an avenue through which new and untested products and services can be brought to the marketplace;
(2) assess the effectiveness of existing Federal subsidy and assistance programs for small business and the desirability of reducing the emphasis on such existing programs and increasing the emphasis on general assistance programs designed to benefit all small businesses;
(3) measure the direct costs and other effects of government regulation on small businesses; and make legislative and nonlegislative proposals for eliminating excessive or unnecessary regulations of small businesses;
(4) determine the impact of the tax structure on small businesses and make legislative and other proposals for altering the tax structure to enable all small businesses to realize their potential for contributing to the improvement of the Nation’s economic well-being;
(5) study the ability of financial markets and institutions to meet small business credit needs and determine the impact of government demands for credit on small businesses;
(6) determine financial resource availability and to recommend methods for delivery of financial assistance to minority enterprises, including methods for securing equity capital, for generating markets for goods and services, for providing effective business education, more effective management and technical assistan
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 634b
Stored review status: release_metadata_unconfirmed. Same stored citation; legal effect and authority still require review.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Procurement contracts; subcontracts to disadvantaged small business concerns; performance bonds; contract negotiations; definitions; eligibility; determinations; publication; recruitment; construction subcontracts; annual estimates; Indian tribes**
(1) It shall be the duty of the Administration and it is hereby empowered, whenever it determines such action is necessary or appropriate—
(A) to enter into contracts with the United States Government and any department, agency, or officer thereof having procurement powers obligating the Administration to furnish articles, equipment, supplies, services, or materials to the Government or to perform construction work for the Government. In any case in which the Administration certifies to any officer of the Government having procurement powers that the Administration is competent and responsible to perform any specific Government procurement contract to be let by any such officer, such officer shall be authorized in his discretion to let such procurement contract to the Administration upon such terms and conditions as may be agreed upon between the Administration and the procurement officer. Whenever the Administration and such procurement officer fail to agree, the matter shall be submitted for determination to the Secretary or the head of the appropriate department or agency by the Administrator. Not later than 5 days from the date the Administration is notified of a procurement officer’s adverse decision, the Administration may notify the contracting officer of the intent to appeal such adverse decision, and within 15 days of such date the Administrator shall file a written request for a reconsideration of the adverse decision with the Secretary of the department or agency head. For the purposes of this subparagrap
Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 637
Stored review status: release_metadata_unconfirmed. The source passage cites 15 U.S.C. § 637. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
Page 890
TITLE 15—COMMERCE AND TRADE
§ 637
mortgage obligations, payments on covered lease ob-
ligations, or covered utility payments, as the case
may be.’’
Subsec. (i). Pub. L. 116–260, div. N, § 276(a)(1), amended
subsec. (i) generally. Prior to amendment, text read as
follows: ‘‘For purposes of title 26, any amount which
(but for this subsection) would be includible in gross in-
come of the eligible recipient by reason of forgiveness
described in subsection (b) shall be excluded from gross
income.’’
Subsec. (l). Pub. L. 116–260, div. N, § 307(a)(3), added
subsec. (l).
Pub. L. 116–260, div. N, § 306(1), struck out subsec. (l).
Text read as follows: ‘‘An eligible recipient that re-
ceived a covered loan before June 5, 2020, may elect for
the covered period applicable to such covered loan to
end on the date that is 8 weeks after the date of the
origination of such covered loan.’’
Pub. L. 116–142, § 3(b)(3), added subsec. (l).
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2021 AMENDMENT
Amendment by Pub. L. 117–2 applicable only with re-
spect to applications for forgiveness of covered loans
made under pars. (36) or (37) of section 636(a) of this
title received on or after Mar. 11, 2021, see section
5001(c)(3) of Pub. L. 117–2, set out as a note under sec-
tion 636 of this title.
EFFECTIVE DATE OF 2020 AMENDMENT
Pub. L. 116–260, div. N, title II, § 276(a)(2), Dec. 27, 2020,
134 Stat. 1979, provided that: ‘‘The amendment made by
this subsection [amending this section] shall apply to
taxable years ending after the date of the enactment of
the CARES Act [Mar. 27, 2020].’’
Amendment by section 304(b)(1)(A), (B), (2) of div. N
of Pub. L. 116–260 effective as if included in Pub. L.
116–136 and applicable to any loan made pursuant to
secti
Source: Supplied 2024 U.S. Code historical extraction · 15 U.S.C. § 637
Stored review status: historical_2024_not_currentness_verified. The source passage cites 15 U.S.C. § 637. This identifies an authority to review, not proof of applicability.