It is declared to be the policy of the Congress and the purpose of this chapter to improve and stimulate the national economy in general and the small-business segment thereof in particular by establishing a program to stimulate and supplement the flow of private equity capital and long-term loan funds which small-business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply: Provided, however, That this policy shall be carried out in such manner as to insure the maximum participation of private financing sources.
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Source location: Title 15, Chapter 14B, § 661; chapter-14b-small-business-investment-program.md
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It is declared to be the policy of the Congress and the purpose of this chapter to improve and stimulate the national economy in general and the small-business segment thereof in particular by establishing a program to stimulate and supplement the flow of private equity capital and long-term loan funds which small-business concerns need for the sound financing of their business operations and for their growth, expansion, and modernization, and which are not available in adequate supply: Provided, however, That this policy shall be carried out in such manner as to insure the maximum participation of private financing sources.
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Federal law — U.S. Code and appendices · legal_authorities
§ 661. Congressional declaration of policy
It is declared to be the policy of the Congress
and the purpose of this chapter to improve and
stimulate the national economy in general and
the small-business segment thereof in particular
by establishing a program to stimulate and sup-
plement the flow of private equity capital and
long-term loan funds which small-business con-
cerns need for the sound financing of their busi-
ness operations and for their growth, expansion,
and modernization, and which are not available
in adequate supply: Provided, however, That this
policy shall be carried out in such manner as to
insure the maximum participation of private fi-
nancing sources.
It is the intention of the Congress that the
provisions of this chapter shall be so adminis-
tered that any financial assistance provided
hereunder shall not result in a substantial in-
crease of unemployment in any area of the coun-
try. It is the intention of the Congress that in
the award of financial assistance under this
chapter, when practicable, priority be accorded
to small business concerns which lease or pur-
chase equipment and supplies which are pro-
duced in the United States and that small busi-
ness concerns receiving such assistance be en-
couraged to continue to lease or purchase such
equipment and supplies.
(Pub. L. 85–699, title I, § 102, Aug. 21, 1958, 72
Stat. 689; Pub. L. 102–366, title IV, § 416, Sept. 4,
1992, 106 Stat. 1019.)
Editorial Notes
REFERENCES IN TEXT
This chapter, referred to in text, was in the original
‘‘this Act’’, meaning Pub. L. 85–699, which enacted this
chapter, amended sections 77c, 77ddd, 80a–18, 633 and 636
of this title, and sections 217 [now 212], 218 [now 213], 221
[now 216], 657, 1006 and 1014 of Title 18, Crimes and
Crimin