15 U.S.C. § 649c — Authorization of appropriations

Page 1031 TITLE 15—COMMERCE AND TRADE § 650 ‘‘(1) the term ‘Associate Administrator’ means the Associate Administrator for International Trade ap- pointed under section 22(a)(2) of the Small Business Act [15 U.S.C. 649(a)(2)], as amended by this subtitle; ‘‘(2) the term ‘Export Assistance Center’ means a one-stop shop referred to in section 2301(b)(8) of the Omnibus Trade and Competitiveness Act of 1988 (15 U.S.C. 4721(b)(8)); and ‘‘(3) the term ‘rural small business concern’ means a small business concern located in a rural area, as that term is defined in section 1393(a)(2) of the Inter- nal Revenue Code of 1986 [26 U.S.C. 1393(a)(2)].’’ [For definition of ‘‘small business concern’’ as used in section 1202(a) of Pub. L. 111–240, set out above, see sec- tion 1001 of Pub. L. 111–240, set out as a note under sec- tion 632 of this title.] § 649c. Authorization of appropriations At least one small business international pro- gram shall be established within each region of the Department of Commerce. There are author- ized to be appropriated to the Secretary $1,500,000 for each fiscal year 1981, 1982, and 1983, to carry out the program established in section 649b of this title. (Pub. L. 96–481, title III, § 303, Oct. 21, 1980, 94 Stat. 2332.) Editorial Notes CODIFICATION Section was not enacted as part of the Small Busi- ness Act which comprises this chapter. § 649d. Central information clearinghouse The Secretary through the International Trade Administration, shall, only to such extent and in such amounts as are provided in appro- priation Acts on and after October 1, 1980, main- tain a central clearinghouse to provide for the collection, dissemination, and exchange of infor- mation between programs established pursuant to sections 649a and 649b of this title, the Office of International Trade of the Small Business Ad- ministration, and other interested concerns. (Pub. L. 96–481, title III, § 304, Oct. 21, 1980, 94 Stat. 2333.) Editorial Notes CODIFICATION Section was not enacted as part of the Small Busi- ness Act which comprises this chapter. § 650. Supervisory and enforcement authority for small business lending companies (a) In general The Administrator is authorized— (1) to supervise the safety and soundness of small business lending companies and non- Federally regulated lenders; (2) with respect to small business lending companies to set capital standards to regu- late, to examine, and to enforce laws gov- erning such companies, in accordance with the purposes of this chapter; and (3) with respect to non-Federally regulated lenders to regulate, to examine, and to enforce laws governing the lending activities of such lenders under section 636(a) of this title in ac- cordance with the purposes of this chapter. (b) Capital directive (1) In general If the Administrator determines that a small business lending company is being oper- ated in an imprudent manner, the Adminis- trator may, in addition to any other action authorized by law, issue a directive to such company to increase capital to such level as the Administrator determines will result in the safe and sound operation of such company. (2) Delegation The Administrator may not delegate the au- thority granted under paragraph (1) except to an Associate Deputy Administrator. (3) Regulations The Administrator shall issue regulations outlining the conditions under which the Ad- ministrator may determine the level of capital pursuant to paragraph (1). (c) Civil action If a small business lending company violates this chapter, the Administrator may institute a civil action in an appropriate district court to terminate the rights, privileges, and franchises of the company under this chapter. (d) Revocation or suspension of loan authority (1) The Administrator may revoke or suspend the authority of a small business lending com- pany or a non-Federally regulated lender to make, service or liquidate business loans au- thorized by section 636(a) of this title— (A) for false statements knowingly made in any written submission required under this chapter; (B) for omission of a material fact from any written submission required under this chap- ter; (C) for willful or repeated violation of this chapter; (D) for willful or repeated violation of any condition imposed by the Administrator with respect to any application, request, or agree- ment under this chapter; or (E) for violation of any cease and desist order of the Administrator under this section. (2) The Administrator may revoke or suspend authority under paragraph (1) only after a hear- ing under subsection (f). The Administrator may delegate power to revoke or suspend authority under paragraph (1) only to the Deputy Adminis- trator and only if the Administrator is unavail- able to take such action. (A) The Administrator, after finding ex- traordinary circumstances and in order to pro- tect the financial or legal position of the United States, may issue a suspension order without conducting a hearing pursuant to sub- section (f). If the Administrator issues a sus- pension under the preceding sentence, the Ad- ministrator shall within two business days fol- low the procedures set forth in subsection (f). (B) Any suspension under paragraph (1) shall remain in effect until the Administrator makes a decision pursuant to subparagraph (4) to permanently revoke the authority of the small business lending company or non-Feder- ally regulated lender, suspend the authority