WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 14A

15 U.S.C. 636: Additional powers

Created in 1958 by Public Law 85-536. Changed by 85 later laws. 2 bills in this Congress would change it.

34 other sections of the Code cite this one, including 15 U.S.C. 631, 15 U.S.C. 632, 15 U.S.C. 633, 15 U.S.C. 634, 15 U.S.C. 636e.

8 parts of federal rules cite it as their authority, written by Small Business Administration (7), Environmental Protection Agency (1).

This Congress

  • H.R. 10061 Wildfire Response and Readiness Act · introduced · would change (b)
  • H.R. 4153 Supporting Trade and Rebuilding Opportunity for National Growth Act · introduced · would change (a)

How it got here

2022

  • Pub. L. 117–166, §2(a), added subpar. (W). Law text · (a)
  • Pub. L. 117–166, §2(b), added subpar. (P). Law text · (a)
  • Pub. L. 117–249 added par. (16) relating to disaster declaration in rural areas. Law text · (b)
  • Pub. L. 117–165 added par. (16) relating to statute of limitations. Law text · (b)

2021

  • Pub. L. 117–6 substituted "June 30, 2021" for "March 31, 2021". Law text · (a)
  • Pub. L. 117–2, §5001(a)(1)(A), added cl. (xvii). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(a)(1)(B)(i), added subcl. (III). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(b)(1)(A), added subcl. (IV). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(b)(1)(B), added subcl. (V). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(b)(1)(C), substituted "subclause (II), (III), or (IV) of clause (iii), subclause (IV) or (V) of clause (iv), clause (vii), or clause (ix)" for "clause (iii)(II), (iv)(IV), or (vii)". (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(b)(1)(D), substituted "business concern made eligible by subclause (II) or (IV) of clause (iii) or subclause (IV) or (V) of clause (iv) of this subparagraph" for "business concern made eligible by clause (iii)(II) or clause (iv)(IV) of this subpara… (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(a)(1)(B)(ii), added cl. (ix). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(a)(2), inserted " 'additional covered nonprofit entity'," after "the terms". (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(b)(2), substituted "subclause (II), (III), or (IV) of clause (iii), subclause (IV) or (V) of clause (iv), clause (vii), or clause (ix)" for "clause (iii)(II), (iv)(IV), or (vii)". (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 117–2, §5001(c)(2), added item (cc). (American Rescue Plan Act of 2021) Law text · (a)
  • Pub. L. 116–283, §866(b)(1), substituted "means—" and items (aa) and (bb) for "means the period beginning on August 13, 2018, and ending on the date on which the Oversight Board established under section 2121 of title 48 terminates." (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (j)
  • Pub. L. 116–283, §866(b)(2), inserted "or a covered territory business" after "a Puerto Rico business" and, in two places, substituted "either such business" for "the Puerto Rico business". (William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021) Law text · (j)

2020

  • Pub. L. 116–260, §326(a)(2), amended subpar. (A) generally. Prior to amendment, text read as follows: "Except as provided in subparagraphs (B), (D), (E), and (F), in an agreement to participate in a loan on a deferred basis under this subsection (including a loan made under the P… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §326(a)(1), substituted "the Preferred Lenders Program or the Community Advantage Pilot Program of the Administration), such participation by the Administration shall be equal to 90 percent of the balance of the financing outstanding at the time of disbursement of the loan." for "t… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–136, §1102(a)(1)(A), substituted "(E), and (F)" for "and (E)" in introductory provisions. (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a)
  • Pub. L. 116–136, §1102(a)(1)(B), added subpar. (F). (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a)
  • Pub. L. 116–260, §334, designated existing provisions as subpar. (A), inserted heading, substituted "The Administrator" for "The Administration", inserted "and interest" after "principal", and added subpars. (B) and (C). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §326(b)(2)(B), substituted "guarantee rate of not more than 50 percent." for "guarantee rate— (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §326(b)(2)(A), substituted "with a guarantee rate— (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–136, §1102(c)(2), as amended by Pub. L. 116–260, §326(b)(1), substituted "$500,000" for "$1,000,000". (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a)
  • Pub. L. 116–136, §1102(c)(1), substituted "$1,000,000" for "$350,000". (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a)
  • Pub. L. 116–136, §1102(d), redesignated cl. (iii) as (ii) and struck out former cl. (ii). Prior to amendment, text read as follows: "If the President's budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, includes a cost … (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a), (iii)
  • Pub. L. 116–136, §1102(a)(2), added par. (36). (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (a)
  • Pub. L. 116–260, §343(a), substituted "March 31, 2021" for "December 31, 2020". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–142, §3(a), substituted "December 31, 2020" for "June 30, 2020". Law text · (a)
  • Pub. L. 116–260, §308(a), inserted "or group life, disability, vision, or dental insurance" before "benefits". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §344(1), substituted "on an annualized basis, as prorated for the period during which the payments are made or the obligation to make the payments is incurred" for "in 1 year, as prorated for the covered period". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §344(2)(A), substituted "$100,000 on an annualized basis, as prorated for the period during which the compensation is paid or the obligation to pay the compensation is incurred" for "an annual salary of $100,000, as prorated for the covered period". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §344(2)(B), substituted "applicable period" for "covered period". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–139, §101(d)(1), added cls. (x) to (xii). Law text · (a)
  • Pub. L. 116–260, §315(a), added cl. (xiii). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §316(1), added cl. (xiv). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §318(1), added cl. (xv). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §342(1), added cl. (xvi). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §316(2)(A), inserted "housing cooperative," before "veterans organization," wherever appearing. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §335(a), substituted "as determined necessary by the Administrator and the Secretary, to establish the applicant as eligible" for "as is necessary to establish such individual as eligible, including payroll tax filings reported to the Internal Revenue Se… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §317(a), designated existing provisions as subcl. (I), inserted heading, and added subcl. (II). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §317(b), added subcl. (IV). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §318(2)(A), inserted "or for purposes of determining the number of employees of a housing cooperative or a business concern or organization made eligible for a loan under this paragraph under clause (iii)(II), (iv)(IV), or (vii)," before "the term 'employee' … (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §318(2)(B), inserted "a business concern or organization made eligible for a loan under this paragraph under clause (vii)," after "a nonprofit organization,". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §316(2)(B), which directed the insertion of ", a housing cooperative," before "a veterans organization", was executed by making the insertion before "and a veterans organization" to reflect the probable intent of Congress. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §318(2)(C), added cl. (vii). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §317(c), in cl. (viii) added by section 342(2) of Pub. L. 116–260, designated existing provisions as subcl. (I), inserted heading, substituted "Subject to subclause (II), and notwithstanding" for "Notwithstanding", and added subcl. (II). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §342(2), added cl. (viii). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §313(a)(1), substituted "Except as provided in subparagraph (V), during" for "During" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §336(a), substituted "except that an applicant that is a seasonal employer shall use the average total monthly payments for payroll for any 12-week period selected by the seasonal employer between February 15, 2019, and February 15, 2020" for "exce… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §304(a), added subcls. (VIII) to (XI). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §337(a), substituted "clause (i) or (iv)" for "clause (i)". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §319, added cl. (vi). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §338(a)(1), substituted "With" for "During the covered period, with" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §338(a)(2), substituted "With" for "During the covered period, with" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §304(b)(1)(C)(ii)(I), substituted "section 636m" for "section 9005" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–142, §2(a), inserted "minimum maturity of 5 years and a" before "maximum maturity". Law text · (a)
  • Pub. L. 116–260, §339(b), inserted ", calculated on a non-compounding, non-adjustable basis" after "4 percent". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §304(b)(1)(C)(ii)(II)(aa), substituted "section 636m" for "section 9005" in two places. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §338(a)(3)(A), substituted "The" for "During the covered period, the" in introductory provisions. (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–142, §3(c)(1), substituted ", including payment of principal, interest, and fees, until the date on which the amount of forgiveness determined under section 9005 of this title is remitted to the lender." for "for a period of not less than 6 months, including … Law text · (a)
  • Pub. L. 116–260, §338(a)(3)(B), substituted "With" for "During the covered period, with". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–142, §3(c)(2), substituted ", including payment of principal, interest, and fees, until the date on which the amount of forgiveness determined under section 9005 of this title is remitted to the lender." for "for a period of not less than 6 months, including payment of principal, intere… Law text · (a)
  • Pub. L. 116–260, §304(b)(1)(C)(ii)(II)(bb), substituted "section 636m(a)" for "section 9005(a)". (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–142, §3(c)(3), added cl. (v). Law text · (a)
  • Pub. L. 116–260, §340(a)(1), amended cl. (i) generally. Prior to amendment, text read as follows: "The Administrator shall reimburse a lender authorized to make a covered loan at a rate, based on the balance of the financing outstanding at the time of disbursement of the cove… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §340(b)(1), inserted at end "If an eligible recipient has knowingly retained an agent, such fees shall be paid by the eligible recipient and may not be paid out of the proceeds of a covered loan. A lender shall only be responsible for paying fees to an agent… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §340(a)(2), amended cl. (iii) generally. Prior to amendment, text read as follows: "A reimbursement described in clause (i) shall be made not later than 5 days after the disbursement of the covered loan." (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §341, which directed striking out "during the period beginning on January 31, 2020, and ending on the date on which covered loans are made available", which appeared after "loan made under subsection (b)(2)", was executed by striking out text containing "2020 an… (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–139, §101(d)(2), added subpar. (S). Law text · (a)
  • Pub. L. 116–260, §310(a)(1), added subpar. (T). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §310(b), added subpar. (U). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §313(a)(2), added subpar. (V). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–260, §311(a), added par. (37). (Consolidated Appropriations Act, 2021) Law text · (a)
  • Pub. L. 116–136, §1110(f)(7), inserted ": Provided further, That for purposes of subparagraph (D), the Administrator shall deem that such an emergency affects each State or subdivision thereof (including counties), and that each State or subdivision has sufficient economic damage to… (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (b)
  • Pub. L. 116–136, §1110(f)(1)–(3), (5), added subpar. (D). Former subpar. (D) redesignated (E). (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (b)
  • Pub. L. 116–136, §1110(f)(4), (6), redesignated subpar. (D) as (E) and substituted "(C), or (D)" for "or (C)"; "disaster or emergency declaration" for "disaster declaration" in two places; "disaster or emergency has occurred" for "disaster has occurred"; "such disaster or emergen… (Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act) Law text · (b)
  • Pub. L. 116–260, §329(a)(2), substituted "$7,000,000" for "$10,000,000" and "$3,000,000" for "$4,500,000". (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(A), substituted "$10,000,000 (in the aggregate)" for "and $6,000,000" and inserted before period at end ", and $4,500,000 in any of those remaining years". (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(B)(i), substituted "subparagraphs (C) and (G)" for "subparagraph (C)" in two places. (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(B)(ii), amended cl. (i) generally. Prior to amendment, text read as follows: "Each intermediary that has a portfolio of loans made under this subsection that averages not more than $10,000 during the period of the intermediary's participation in the… (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(B)(iii), added subpar. (G). (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(C)(i), which directed amendment of cl. (ii) by striking all after the semicolon and inserting "and", could not be executed because a semicolon did not appear. (Consolidated Appropriations Act, 2021) Law text · (m)
  • Pub. L. 116–260, §329(a)(1)(C)(ii), which directed amendment of par. (11) "by striking all after subparagraph (C) and inserting" subpar. (D), was executed by adding subpar. (D) after subpar. (C), to reflect the probable intent of Congress. (Consolidated Appropriations Act, 2021) Law text · (m)

2019

  • Pub. L. 116–92, §877(a)(1)(A), added cl. (i), redesignated former cl. (i) as (ii) and inserted "and" at end, and struck out former cl. (ii) which defined the term "period of military conflict". (National Defense Authorization Act for Fiscal Year 2020) Law text · (b), (ii)
  • Pub. L. 116–92, §877(a)(1)(B), substituted "being ordered to perform active service for a period of more than 30 consecutive days" for "being ordered to active military duty during a period of military conflict". (National Defense Authorization Act for Fiscal Year 2020) Law text · (b)
  • Pub. L. 116–92, §877(a)(1)(C), substituted "active service" for "active duty" in two places. (National Defense Authorization Act for Fiscal Year 2020) Law text · (b)
  • Pub. L. 116–92, §877(a)(1)(D), substituted "active service" for "active duty". (National Defense Authorization Act for Fiscal Year 2020) Law text · (b)
  • Pub. L. 116–92, §877(a)(2), substituted "active service" for "active duty" in heading and in two places in each of pars. (1)(D) and (2)(B), and in par. (1), added subpar. (A), redesignated former subpars. (A) and (B) as (B) and (C), respectively, substituted "ordered to perform active … (National Defense Authorization Act for Fiscal Year 2020) Law text · (n)

2018

  • Pub. L. 115–189 inserted "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." before "No financial assistance". Law text · (a)
  • Pub. L. 115–232, §862(b)(1)(A)(i), substituted "this subsection—" for "this subsection", inserted cl. (i) designation before "to qualified employee trusts" and ", and for any transaction costs associated with purchasing," after "purchasing", substituted "; and" for period at end… (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
  • Pub. L. 115–232, §862(b)(1)(A)(ii)(I), inserted "or by the small business concern" after "the trustee of such trust" in introductory provisions. (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
  • Pub. L. 115–232, §862(b)(1)(A)(ii)(II)–(IV), added cl. (iv). (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
  • Pub. L. 115–232, §862(f), substituted "Administration, which shall include—" for "Administration." and added cls. (i) to (iii). (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
  • Pub. L. 115–232, §862(b)(1)(A)(iii), added subpars. (F) and (G). (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a), (G)
  • Pub. L. 115–370 redesignated introductory provisions as subpar. (A) and inserted heading, redesignated former subpars. (A) and (B) as cls. (i) and (ii), respectively, of subpar. (A) and realigned margins, in cl. (i), substituted ", if such loan is in an amount greater than the Fede… Law text · (a)
  • Pub. L. 115–232, §862(b)(1)(B), added par. (35). (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
  • Pub. L. 115–232, §861(c), added cl. (iii). (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (j)
  • Pub. L. 115–232, §853(b), substituted "$6,000,000" for "$5,000,000". (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (m)
  • Pub. L. 115–141 substituted "50 percent" for "25 percent" in cls. (i) and (ii). (Consolidated Appropriations Act, 2018) Law text · (m)

2015

  • Pub. L. 114–38, §4(b)(1), designated existing provisions as cl. (i), inserted cl. (i) heading, and added cl. (ii) Law text · (a)
  • Pub. L. 114–38, §4(b)(2), added subpar. (C). Law text · (a)
  • Pub. L. 114–88, §2106(1), added cl. (i) and redesignated former cls. (i) to (iii) as (ii) to (iv), respectively. Law text · (a)
  • Pub. L. 114–38, §2, added subpar. (G). Law text · (a)
  • Pub. L. 114–88, §2106(2), added subpar. (H). Law text · (a)
  • Pub. L. 114–88, §1102, substituted "mitigating measures, including—" and text of cls. (i) to (iii) for "mitigating measures, including, but not limited to, construction of retaining walls and sea walls, grading and contouring land, relocating utilities and modifying structures". Law text · (b)
  • Pub. L. 114–88, §1103, added par. (10). Law text · (b)
  • Pub. L. 114–88, §1104, added par. (11). Law text · (b)
  • Pub. L. 114–88, §2101, added par. (12). Law text · (b)
  • Pub. L. 114–88, §2107, added par. (13). Law text · (b)
  • Pub. L. 114–88, §2201, added par. (14). Law text · (b)
  • Pub. L. 114–88, §2301(a), added par. (15). Law text · (b)
  • Pub. L. 114–88, §2109, inserted ": Provided further, That the Administrator, in obtaining the best available collateral for a loan of not more than $200,000 under paragraph (1) or (2) of subsection (b) relating to damage to or destruction of the property of, or economic injury to, a… Law text · (d)
  • Pub. L. 114–88, §2102(b), substituted "$14,000" for "$25,000" and "in the event of a major disaster" for "in the event of a disaster". Law text · (d)
  • Pub. L. 114–88, §2102(a), substituted "$25,000" for "$14,000" and "in the event of a disaster" for "in the event of a major disaster". Law text · (d)
  • Pub. L. 114–88, §1101, added par. (8). Law text · (d)
  • Pub. L. 114–92 struck out "The Business Opportunity Specialist shall have a Level I Federal Acquisition Certification in Contracting (or any successor certification) or the equivalent Department of Defense certification, except that a Business Opportunity Specialist serving a… (National Defense Authorization Act for Fiscal Year 2016) Law text · (j)
  • Pub. L. 114–88, §2105, designated existing provisions as cl. (i) and added cl. (ii). Law text · (j)

2014

  • Pub. L. 113–128 substituted "an institution eligible to provide skills training or upgrading under title I of the Workforce Innovation and Opportunity Act" for "an institution eligible to provide skills training or upgrading under title I of the Workforce Investment Act of 1998". (Workforce Innovation and Opportunity Act) Law text · (j)

2013

  • Pub. L. 112–239 inserted "The Business Opportunity Specialist shall have a Level I Federal Acquisition Certification in Contracting (or any successor certification) or the equivalent Department of Defense certification, except that a Business Opportunity Specialist serving at… (National Defense Authorization Act for Fiscal Year 2013) Law text · (j)

2011

  • Pub. L. 112–74 substituted "7 years" for "three years". (Consolidated Appropriations Act, 2012) Law text · (d)

2010

  • Pub. L. 111–240, §1206(a)(2)(A), substituted "subparagraphs (B), (D), and (E)" for "subparagraph (B)" in introductory provisions. (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(b)(1)(A), substituted "75 percent" for "90 percent". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(a)(1)(A), substituted "90 percent" for "75 percent". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(b)(1)(B), substituted "85 percent" for "90 percent". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(a)(1)(B), substituted "90 percent" for "85 percent". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(e), added cl. (ii) and redesignated former cl. (ii) as (iii). (Small Business Jobs Act of 2010) Law text · (a), (iii)
  • Pub. L. 111–240, §1206(d)(1), substituted "be" for "not exceed". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(a)(2)(B), substituted "In" for "Notwithstanding subparagraph (A), in". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(a)(2)(C), added subpar. (E). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(b)(2), substituted "$3,750,000" for "$4,500,000". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1111(a)(2), substituted "$4,500,000 (or if the gross loan amount would exceed $5,000,000" for "$1,500,000 (or if the gross loan amount would exceed $2,000,000". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(a)(1), substituted "$4,500,000 (or if the gross loan amount would exceed $5,000,000), of which not more than $4,000,000" for "$1,750,000, of which not more than $1,250,000". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(d)(2), inserted par. (14) and subpar. (A) headings, substituted "The Administrator" for "The Administration" in subpar. (A), added subpar. (B), redesignated former subpars. (B) and (C) as (C) and (D), respectively, and inserted headings, and substituted "The … (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(b)(1), struck out "in" before dash at end of introductory provisions. (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(b)(2), inserted "in" after cl. (i) designation and struck out "or" at end. (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(b)(3), inserted "in" after cl. (ii) designation and substituted ", including any debt that qualifies for refinancing under any other provision of this subsection; or" for period at end. (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(b)(4), added cl. (iii). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(c), designated existing provisions as cl. (i), inserted cl. (i) heading, substituted "Except as provided in clause (ii), each loan" for "Each loan", and added cl. (ii). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(g), added subpar. (F). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1135(b), substituted "$350,000" for "$1,000,000". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1135(a), substituted "$1,000,000" for "$350,000". (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1133(a)(1), redesignated par. (32), relating to increased veteran participation program, as (33). (Small Business Jobs Act of 2010) Law text · (a), (33)
  • Pub. L. 111–240, §1133(b), redesignated par. (35) as (34) and struck out former par. (34) which related to floor plan financing program. (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1133(a)(2), added par. (34). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1206(f), added par. (35). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1133(b)(2), redesignated par. (35) as (34). (Small Business Jobs Act of 2010) Law text · (a)
  • Pub. L. 111–240, §1131(a), added subsec. (l) and struck out former subsec. (l) which read "[RESERVED]". (Small Business Jobs Act of 2010) Law text · (l)
  • Pub. L. 111–240, §1113(1), substituted "$50,000" for "$35,000". (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1401(c)(1)(A), struck out cl. (i) designation and heading, substituted "As" for "Subject to clause (ii), as", and struck out cl. (ii) relating to waiver of non-Federal share. (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1401(a)(1), designated existing provisions as cl. (i) and inserted cl. (i) heading, substituted "Subject to clause (ii), as a condition" for "As a condition" and "the Administrator" for "the Administration", and added cl. (ii). (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1113(2)(A), substituted "$5,000,000" for "$3,500,000". (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1113(2)(B), substituted "$50,000" for "$35,000" in two places. (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1401(c)(1)(B), struck out cl. (i) designation and heading, substituted "As" for "Subject to clause (ii), as", and struck out cl. (ii) relating to waiver of non-Federal share. (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1401(a)(2), designated existing provisions as cl. (i), inserted cl. (i) heading, substituted "Subject to clause (ii), as a condition of a grant made under subparagraph (A), the Administrator shall require" for "As a condition of any grant made under subparagraph (A), the Administr… (Small Business Jobs Act of 2010) Law text · (m)
  • Pub. L. 111–240, §1113(3), substituted "$50,000" for "$35,000". (Small Business Jobs Act of 2010) Law text · (m)

2008

  • Pub. L. 110–186, §208, added par. (32) relating to increased veteran participation program. Law text · (a)
  • Pub. L. 110–246, §12078(c)(2), in concluding provisions substituted "paragraphs (1) and (2)" for "paragraphs (1), (2), and (4)" and "paragraph (1) (2)" for "paragraph (1), (2), or (4)". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12078(c)(1), substituted "the Administration" for "the, Administration" in introductory provisions. (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12068(b)(2)(B), which directed amendment of "the undesignated matter following paragraph (3)" by substituting "Notwithstanding any other provision of law, and except as provided in subsection (d), the interest rate on the Administration's share of any loan made under subsection (b… (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12068(b)(2)(A), which directed amendment of "the undesignated matter following paragraph (3)" by substituting "That the provisions of paragraph (1) of subsection (d)" for "That the provisions of paragraph (1) of subsection (c)", was executed by making the substitution in concludin… (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12078(b)(1), inserted "of the aggregate costs of such damage or destruction (whether or not compensated for by insurance or otherwise)" after "20 per centum". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12061(a)(1), in introductory provisions inserted ", private nonprofit organization," after "small business concern" and ", the organization," after "the concern". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12063(c)(2), substituted "Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.)" for "Disaster Relief and Emergency Assistance Act". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12061(a)(2), inserted ", private nonprofit organizations," after "small business concerns". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–186, §201(a), substituted "1 year" for "90 days" and inserted at end "The Administrator may, when appropriate (as determined by the Administrator), extend the ending date specified in the preceding sentence by not more than 1 year." Law text · (b)
  • Pub. L. 110–246, §12077, inserted ", or have become due to changed economic circumstances," after "constitutes". (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–186, §§203, 204, added subpars. (G) and (H). Law text · (b), (H)
  • Pub. L. 110–246, §12063(a), added pars. (4) and (5). (Food, Conservation, and Energy Act of 2008) Law text · (b), (5)
  • Pub. L. 110–246, §12066(a), added par. (6). (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12074(a), added par. (7). (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12078(a), added par. (8). (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12081, added par. (9). (Food, Conservation, and Energy Act of 2008) Law text · (b)
  • Pub. L. 110–246, §12082, added subpars. (C) and (D). (Food, Conservation, and Energy Act of 2008) Law text · (b), (D)
  • Pub. L. 110–246, §12083(a), added subsec. (c). (Food, Conservation, and Energy Act of 2008) Law text · (c)
  • Pub. L. 110–246, §12068(a)(1), redesignated subsec. (c) as (d). (Food, Conservation, and Energy Act of 2008) Law text · (c)
  • Pub. L. 110–246, §12061(b), inserted ", private nonprofit organization," after "business". (Food, Conservation, and Energy Act of 2008) Law text · (c)
  • Pub. L. 110–246, §12065, substituted "$14,000 or less (or such higher amount as the Administrator determines appropriate in the event of a major disaster)" for "$10,000 or less". (Food, Conservation, and Energy Act of 2008) Law text · (c)
  • Pub. L. 110–246, §12068(a), redesignated subsecs. (c) and (d) as (d) and (e), respectively, and added subsec. (f). (Food, Conservation, and Energy Act of 2008) Law text · (d), (e), (f)
  • Pub. L. 110–246, §12070, added subsec. (g). (Food, Conservation, and Energy Act of 2008) Law text · (g)

2007

  • Pub. L. 110–140, §1201, added subpar. (F). (Energy Independence and Security Act of 2007) Law text · (a)
  • Pub. L. 110–140, §1202, added par. (32). (Energy Independence and Security Act of 2007) Law text · (a)

2006

  • Pub. L. 109–163, §845(a)(2)(A), in introductory provisions, inserted "(including drought), with respect to both farm-related and nonfarm-related small business concerns," before "if the Administration". (National Defense Authorization Act for Fiscal Year 2006) Law text · (b)
  • Pub. L. 109–163, §845(a)(2)(B), substituted "section 1961 of title 7, in which case, assistance under this paragraph may be provided to farm-related and nonfarm-related small business concerns, subject to the other applicable requirements of this paragraph" for "the Consolidated … (National Defense Authorization Act for Fiscal Year 2006) Law text · (b)
  • Pub. L. 109–163, §845(c), substituted "Not later than 30 days after the date of receipt of such certification by a Governor of a State, the Administration shall respond in writing to that Governor on its determination and the reasons therefore, and may" for "Upon receipt of such … (National Defense Authorization Act for Fiscal Year 2006) Law text · (b)

2004

  • Pub. L. 108–447, §103(a), substituted "$1,500,000" for "$1,000,000". (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §107(b), substituted "$1,750,000" for "$1,250,000" and "$1,250,000" for "$750,000". (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §107(a), inserted heading and amended par. (16) generally. Prior to amendment, par. (16) provided that the Administration could guarantee loans to assist any eligible small business concern in an industry engaged in or adversely affected by international trade in t… (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(a), amended heading and text of subpar. (A) generally. Prior to amendment, text read as follows: "With respect to each loan guaranteed under this subsection (other than a loan that is repayable in 1 year or less), the Administration shall collect a guarante… (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(b), struck out heading and text of subpar. (C). Text read as follows: "With respect to loans approved during the 2-year period beginning on October 1, 2002, the guarantee fee under subparagraph (A) shall be as follows: (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(c)(1), substituted "Yearly" for "Annual" in heading. (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(c)(2), added subpar. (A) and struck out heading and text of former subpar. (A). Text read as follows: "With respect to each loan guaranteed under this subsection, the Administration shall, in accordance with such terms and procedures as the Administration s… (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(c)(3), substituted "yearly" for "annual". (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §102(c)(4), added subpar. (C). (Consolidated Appropriations Act, 2005) Law text · (a)
  • Pub. L. 108–447, §101(a), added par. (31). (Consolidated Appropriations Act, 2005) Law text · (a)

2001

  • Pub. L. 107–100, §6(a)(1), added subpar. (C). (Small Business Investment Company Amendments Act of 2001) Law text · (a)
  • Pub. L. 107–100, §6(a)(2), inserted at end "With respect to loans approved during the 2-year period beginning on October 1, 2002, the annual fee assessed and collected under the preceding sentence shall be in an amount equal to 0.25 percent of the outstanding balance of the defe… (Small Business Investment Company Amendments Act of 2001) Law text · (a)

2000

  • Pub. L. 106–554, §1(a)(9) [title II, §202(1)], substituted "$150,000" for "$100,000". (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §202(2)], substituted "85 percent" for "80 percent" and "$150,000" for "$100,000". (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §203], substituted "$1,000,000 (or if the gross loan amount would exceed $2,000,000)," for "$750,000,". (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §205(1)], inserted heading and struck out former heading "Interest rates and fees.—". (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §204], added cl. (iii). (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §205(2)], added subpar. (C). (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §206], amended heading and text of par. (18) generally, substituting present provisions for provisions which had authorized guarantee fee in an amount equal to sum of 3 percent of amount of deferred participation share of loan that was less than… (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §207], added par. (28). (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §208(a)], added par. (29). (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title VIII, §802(a)], added par. (30). (Consolidated Appropriations Act, 2001) Law text · (a)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(2)], substituted "$10,000" for "$7,500". (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(1)], substituted "$35,000" for "$25,000". (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(2)], substituted "$10,000" for "$7,500". (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(1), (3)], substituted "$20,000" for "$15,000" and "$35,000" for "$25,000" in two places. (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(2)], which directed the amendment of subsec. (m)(4)(C)(i)(II) by substituting "$10,000" for "$7,500", was executed by making the substitution in subsec. (m)(4)(C)(i) to reflect the probable intent of Congress and the termination of … (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(4)], substituted "55 grants" for "25 grants" and "$200,000" for "$125,000". (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(5)], substituted "$15,000" for "$10,000". (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(a)(6)], added subpar. (A) and struck out heading and text of former subpar. (A). Text read as follows: "During the program authorized by this subsection, the Administration may fund, on a competitive basis, not more than 200 microloan pro… (Consolidated Appropriations Act, 2001) Law text · (m)
  • Pub. L. 106–554, §1(a)(9) [title II, §210(b)], substituted "$35,000" for "$25,000". (Consolidated Appropriations Act, 2001) Law text · (m)

1999

  • Pub. L. 106–50, §401(b), inserted "guaranteed" after "provide" and ", including service-disabled veterans," after "handicapped individual". Law text · (a)
  • Pub. L. 106–50, §404, inserted "or a veteran" after "qualified individual". Law text · (a)
  • Pub. L. 106–8, §3(a), (c), temporarily added par. (27) relating to Year 2000 computer problem program. See Effective and Termination Dates of 1999 Amendments note below. Law text · (a)
  • Pub. L. 106–24, §1(a), added subpar. (C). Law text · (b)
  • Pub. L. 106–50, §402(b), added par. (3). Law text · (b)
  • Pub. L. 106–50, §403, inserted "veteran (within the meaning of such term under section 632(q) of this title)," after "low-income,". Law text · (m)
  • Pub. L. 106–22, §3, struck out subpar. (D) heading and amended text generally. Prior to amendment, text read as follows: "The Administration shall, by regulation, require each intermediary to establish a loan loss reserve fund, and to maintain such reserve fund until all obligati… Law text · (m)
  • Pub. L. 106–22, §2(1), added subpar. (B) and struck out heading and text of former subpar. (B). Text read as follows: "During any fiscal year, a State shall not receive new loan funds from the Administration that exceed 125 percent of the State's pro rata share of the microloan p… Law text · (m)
  • Pub. L. 106–22, §2(2), inserted "and providing funding to intermediaries" after "program applicants" and "and provide funding to" after "shall select". Law text · (m)
  • Pub. L. 106–50, §402(a), added subsec. (n). Law text · (n)

1998

  • Pub. L. 105–277, §101(f) [title VIII, §405(f)(9)], struck out "the Job Training Partnership Act or" before "title I of the Workforce" in introductory provisions. (Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999) Law text · (j)
  • Pub. L. 105–277, §101(f) [title VIII, §405(d)(10)], substituted "the Job Training Partnership Act or title I of the Workforce Investment Act of 1998" for "the Job Training Partnership Act (29 U.S.C. 1501 et seq.)". (Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999) Law text · (j)

1997

  • Pub. L. 105–135, §231(1), inserted heading. (Small Business Reauthorization Act of 1997) Law text · (a)
  • Pub. L. 105–135, §231(2), inserted heading, designated existing provisions as subpar. (A) and inserted heading, and added subpar. (B). (Small Business Reauthorization Act of 1997) Law text · (a)
  • Pub. L. 105–135, §706, added par. (8). (Small Business Reauthorization Act of 1997) Law text · (a)
  • Pub. L. 105–135, §201(c), struck out "Demonstration" and "demonstration" wherever appearing in heading and text. (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(1), added cl. (iv). (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §201(a), substituted "$3,500,000" for "$2,500,000". (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §201(b), added cls. (i) and (ii) and struck out former cls. (i) and (ii) which read as follows: (Small Business Reauthorization Act of 1997) Law text · (m), (ii)
  • Pub. L. 105–135, §201(d)(1), designated existing provisions as cl. (i), inserted heading, substituted "25 percent" for "15 percent", and added cl. (ii). (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(2), added subpar. (F). (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §201(d)(2), struck out "in each of the 5 years of the demonstration program established under this subsection," after "requirements of subparagraph (B)," and substituted "annually" for "for terms of up to 5 years". (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(3), added subpar. (E). (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(4)(A), substituted "Grants for management, marketing, technical assistance, and related services" for "Technical assistance for intermediaries" in heading. (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(4)(B), added subpar. (C). (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §201(c)(4), substituted "1998 through 2000" for "1995 through 1997". (Small Business Reauthorization Act of 1997) Law text · (m)
  • Pub. L. 105–135, §202(a)(5), added par. (13). (Small Business Reauthorization Act of 1997) Law text · (m)

1996

  • Pub. L. 104–208, §103(a), amended subcl. (II) generally. Prior to amendment, subcl. (II) read as follows: "authority to service and liquidate such loans." (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §111, added subpar. (D). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §103(f), inserted par. (4) heading, designated existing text as subpar. (A) and inserted heading, and added subpar. (B). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §103(b), added subpar. (C). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §103(c), added par. (25). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §103(d), added par. (26). (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (a)
  • Pub. L. 104–208, §107(a), struck out "(1)" before "The Administration" and struck out par. (2) which read as follows: "The Administration is authorized to hold seminars throughout the Nation to make potential applicants aware of the opportunities available under this subsection and rel… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (d)
  • Pub. L. 104–208, §107(b), amended subsec. (e) generally, substituting "(e) [RESERVED]" for prior provisions of subsec. (e) which read as follows: "The Administration also is empowered to make loans (either directly or in cooperation with banks or other lenders through agreements to par… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (e)
  • Pub. L. 104–208, §107(c), amended subsec. (f) generally, substituting "(f) [RESERVED]" for prior provisions of subsec. (f) which read as follows: "In the administration of the disaster loan program under subsection (b)(1) of this section, in the case of property loss or damage as a res… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (f)
  • Pub. L. 104–208, §107(c), amended subsec. (l) generally, substituting "(l) [RESERVED]" for prior provisions of subsec. (l) which consisted of 9 pars. authorizing loans to small business concerns for solar energy and energy conservation measures. (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (l)
  • Pub. L. 104–208, §105, inserted at end "If, however, at the beginning of the fourth quarter of a fiscal year the Administration determines that a portion of appropriated microloan funds are unlikely to be awarded during that year, the Administration may make additional funds avai… (Magnuson-Stevens Fishery Conservation and Management Act) Law text · (m)

1995

  • Pub. L. 104–36, §2, amended par. (2) generally. Prior to amendment, par. (2) related to percentage levels in loan participation agreements. Law text · (a)
  • Pub. L. 104–36, §3(a), amended par. (18) generally. Prior to amendment, par. (18) read as follows: "The Administration shall collect a guarantee fee equal to two percent of the amount of the deferred participation share of any loan under this subsection other than a loan repayable … Law text · (a)
  • Pub. L. 104–36, §3(b)(1), substituted "shall develop" for "shall (i) develop" and struck out at end ", and (ii) allow such lenders to retain one-half of the fee collected pursuant to subsection (a)(18) of this section on such loans. A participating lender may not retain any fee … Law text · (a)
  • Pub. L. 104–36, §3(b)(2), struck out subpar. (C) which read as follows: "In order to encourage lending institutions and other entities making loans authorized under this subsection to provide loans to small business loan applicants located in rural areas, such lenders shall be p… Law text · (a)
  • Pub. L. 104–36, §4(a), added par. (23). Law text · (a)
  • Pub. L. 104–36, §5, added par. (24). Law text · (a)

1994

  • Pub. L. 103–403, §211, amended cl. (iv) generally. Prior to amendment, cl. (iv) read as follows: "not less than 85 percent of the financing outstanding at the time of disbursement if such financing is a loan under paragraph (16)." · (a)
  • Pub. L. 103–403, §210, amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "if the total amount outstanding and committed (on a deferred basis) solely for the purposes provided in paragraph (16) to the borrower from the business loan and investment fun… · (a)
  • Pub. L. 103–403, §209, amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "The Administration under this subsection may provide extensions and revolving lines of credit for export purposes and financing to enable small business concerns, including sm… · (a)
  • Pub. L. 103–403, §605(a), inserted "on a guaranteed basis" before "under the authority". · (a)
  • Pub. L. 103–403, §603, added subpar. (E). · (a)
  • Pub. L. 103–403, §206, substituted "$2,500,000" for "$1,250,000". · (m)
  • Pub. L. 103–403, §208(a)(1), (c), temporarily inserted "except for a grant made to an intermediary that provides not less than 50 percent of its loans to small business concerns located in or owned by one or more residents of an economically distressed area," after "under subpara… · (m)
  • Pub. L. 103–403, §208(a)(2), (c), temporarily added cl. (i) which read as follows: "In addition to grants made under subparagraph (A), each intermediary shall be eligible to receive a grant equal to 5 percent of the total outstanding balance of loans made to the intermediary u… · (m)
  • Pub. L. 103–403, §207, added subpar. (E). · (m)
  • Pub. L. 103–403, §204, amended par. (7) generally, substituting present provisions for former provisions relating to program funding, which provided for: in subpar. (A), first year programs; in subpar. (B), expanded programs; and in subpar. (C), State limitations. · (m)
  • Pub. L. 103–403, §205, amended heading and text of par. (8) generally. Prior to amendment, text read as follows: "In funding microloan programs, the Administration shall ensure that at least one-half of the programs funded under this subsection will provide microloans to small busin… · (m)
  • Pub. L. 103–403, §604, inserted "and loan guarantees" after "for loans" and "and national and regional nonprofit organizations that have demonstrated experience in providing training support for microenterprise development and financing." after "experienced microlending organizat… · (m)
  • Pub. L. 103–403, §202, added cl. (v). · (m)
  • Pub. L. 103–403, §208(b), (c), temporarily added subpar. (D) which read as follows: "the term 'economically distressed area', as used in paragraph (4), means a county or equivalent division of local government of a State in which the small business concern is located, in which, … · (m)
  • Pub. L. 103–403, §201, added par. (12). · (m)

1993

  • Pub. L. 103–81, §5(a)(2)–(4), in concluding provisions, substituted "less than the above specified percentums" for "less than 85 percent under subparagraph (B)" and "not less than 70 percent, unless a lesser percent is required by clause (B)(ii) or upon the" for "not less than 80 pe… · (a)
  • Pub. L. 103–81, §5(a)(1), struck out "and" at end of cl. (i), added cls. (ii) and (iii), and redesignated former cl. (ii) as (iv). · (a)
  • Pub. L. 103–81, §4, added par. (22). · (a)
  • Pub. L. 103–81, §8(1), substituted "$25,000" for "$15,000". · (m)
  • Pub. L. 103–81, §8(2), substituted "25 grants for terms of up to 5 years" for "6 grants". · (m)
  • Pub. L. 103–81, §8(3), substituted "7 percent" for "3 percent". · (m)

1992

  • Pub. L. 102–366, §104, substituted "Notwithstanding the provisions of the constitution of any State or the laws of any State limiting the rate or amount of interest which may be charged, taken, received, or reserved, the maximum legal rate of interest on any financing made on a defe… · (a)
  • Pub. L. 102–366, §211, added par. (21). · (a)
  • Pub. L. 102–366, §113(a)(1)(A), amended cl. (i) generally, substituting "and business owners and other such individuals" for ", business owners, and other individuals". · (m)
  • Pub. L. 102–366, §113(a)(1)(B), inserted ", particularly loans in amounts averaging not more than $7,500," after "small-scale loans". · (m)
  • Pub. L. 102–366, §113(a)(2), designated existing provisions as cl. (i) and inserted heading, redesignated cls. (i) to (viii) as subcls. (I) to (VIII), respectively, substituted "economic, poverty, and unemployment" for "economic and unemployment" in subcl. (III), amended subcl. (… · (m)
  • Pub. L. 102–366, §113(a)(3), amended subpar. (F) generally. Prior to amendment, subpar. (F) read as follows: "Loans made by the Administration under this subsection shall be for a term of 10 years and at an interest rate equal to the rate determined by the Secretary of the Treasu… · (m)
  • Pub. L. 102–366, §113(a)(4)(B), added subpar. (A) and struck out former subpar. (A) which read as follows: "Except as otherwise provided in subparagraph (C) and subject to the requirements of subparagraph (B), each intermediary that receives a loan under subparagraph (B)(i) of pa… · (m)
  • Pub. L. 102–366, §113(a)(4)(A), substituted "Except as otherwise provided in subparagraph (C) and subject to" for "Subject to". · (m)
  • Pub. L. 102–366, §113(a)(4)(C), substituted "25 percent" for "one-half". · (m)
  • Pub. L. 102–366, §113(a)(4)(D), added subpars. (C) and (D). · (m), (D)
  • Pub. L. 102–366, §113(a)(5), substituted "6 grants" for "2 grants". · (m)
  • Pub. L. 102–366, §113(a)(6), amended subpar. (C) generally. Prior to amendment, subpar. (C) read as follows: "Notwithstanding any provision of the laws of any State or the constitution of any State pertaining to the rate or amount of interest that may be charged, taken, received … · (m)
  • Pub. L. 102–564, §307(b)(1), inserted at end: "If, at the end of fiscal year 1992, the Administration has funded less than 50 microloan programs under this subparagraph, the Administration may, in fiscal year 1993, fund a number of additional microloan programs equal to the diffe… · (m)
  • Pub. L. 102–366, §113(a)(7)(A), substituted "60 microloan programs" for "35 microloan programs". · (m)
  • Pub. L. 102–564, §307(b)(2), substituted "In addition to any microloan programs authorized to be funded in fiscal year 1993 in accordance with subparagraph (A), in the second" for "In the second". · (m)
  • Pub. L. 102–366, §113(a)(7)(B), substituted "50 additional" for "25 additional". · (m)
  • Pub. L. 102–366, §113(a)(7)(C), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: "be awarded more than 2 microloan programs in any year of the demonstration program;". · (m)
  • Pub. L. 102–366, §113(a)(7)(D), (E), substituted "$1,500,000" for "$1,000,000" in cl. (ii) and "$2,500,000" for "$1,500,000" in cl. (iii). · (m), (iii)
  • Pub. L. 102–366, §113(a)(8), (9), added par. (9) and redesignated former par. (9) as (10). Former par. (10) redesignated (11). · (m), (10)
  • Pub. L. 102–564, §307(c), inserted "private," before "nonprofit" in subpar. (A)(ii). · (m)
  • Pub. L. 102–366, §113(a)(8), (10), redesignated par. (10) as (11) and amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "the term 'intermediary' means a private, nonprofit entity or a nonprofit community development corporation that seeks to borrow or has borrowed fund… · (m)

1991

  • Pub. L. 102–140, §609(b), struck out "or a loan under paragraph (13)" after "one year or less". · (a)
  • Pub. L. 102–191 struck out "during fiscal years 1989, 1990, and 1991," after "small business loan applicants,". · (a)
  • Pub. L. 102–140, §609(h), added subsec. (m). · (m)

1990

  • Pub. L. 101–574, §202, struck out "pre-export" before "financing" and substituted "3 years" for "18 months". · (a)
  • Pub. L. 101–574, §245, struck out at end "The lender shall agree to sell the loan in the secondary market as authorized in sections 634(f) and 634(g) of this title within 180 days of the date of disbursement." · (a)
  • Pub. L. 101–574, §307, added subpar. (C). · (a)
  • Pub. L. 101–574, §242(1), struck out subpar. (A), which was previously struck out by Pub. L. 100–656, §505(h). See 1988 Amendment note below. · (j)
  • Pub. L. 101–574, §242(1), struck out subpar. (B) which read as follows: "The General Accounting Office shall evaluate the activities taken by the Administration to achieve the purpose of this paragraph and evaluate the success of these activities in achieving the purposes of this… · (j)
  • Pub. L. 101–574, §242(2), struck out par. (8) which read as follows: "The General Accounting Office shall provide for an independent and continuing evaluation of programs under subsections (i) and (j) of this section and section 637(a) of this title, including full information on, a… · (j)
  • Pub. L. 101–574, §204(a), amended cl. (ii) generally. Prior to amendment, cl. (ii) read as follows: "Except as provided under section 602 of the Business Opportunity Development Reform Act of 1988, no award shall be made pursuant to section 637(a) of this title to other than… · (j)
  • Pub. L. 101–574, §206, substituted "October 1, 1994" for "October 1, 1992". · (j)

1989

  • Pub. L. 101–162, title V, (1), amended par. (2) generally. Prior to amendment, par. (2) read as follows: "In agreements to participate in loans on a deferred basis under this subsection, such participation by the Administration, except as provided in paragraph (6), shall be: · (a)
  • Pub. L. 101–162, title V, (2), amended par. (19) generally. Prior to amendment, par. (19) read as follows: "During fiscal years 1989, 1990, and 1991, in addition to the preferred lenders program authorized by the proviso in section 634(b)(7) of this title, the Administration is aut… · (a)
  • Pub. L. 101–37, §9, inserted "is" before "amortized". · (a)
  • Pub. L. 101–37, §5(a), substituted "which set forth" for "which sets forth". · (j)
  • Pub. L. 101–37, §5(b)(1), substituted "Business Opportunity Specialist" for "business opportunity specialist". · (j)
  • Pub. L. 101–37, §5(b)(2), substituted "the small business concern" for "small business concerns". · (j)
  • Pub. L. 101–37, §5(b)(3), inserted "relating to attaining business activity from sources other than contracts awarded pursuant to section 637(a) of this title" after "subparagraph (I)". · (j)
  • Pub. L. 101–37, §5(b)(4), substituted "contract awards" for "contact awards". · (j)
  • Pub. L. 101–37, §5(b)(5), inserted "relating to attaining business activity from sources other than contracts awarded pursuant to section 637(a) of this title" after "subparagraph (I)". · (j)
  • Pub. L. 101–37, §7(a)(1), substituted "completes the period of Program participation as prescribed by paragraph (15)" for "participates in the Program for a period in excess of the time limits prescribed by paragraph (15)". · (j)
  • Pub. L. 101–37, §7(a)(2), struck out subpar. (F) appearing first, which read as follows: "For the purposes of this subsection and section 637(a) of this title, the terms 'terminated' or 'termination' shall mean the total denial". · (j)
  • Pub. L. 101–37, §7(a)(3), in subpar. (F) appearing second, inserted first sentence and struck out former first sentence which read as follows: "For the purposes of this chapter, this subsection and section 637(a) of this title, the terms 'terminated' or 'termination' shall mean the total denial or … · (j)
  • Pub. L. 101–37, §10(b), designated as subpar. (I) the undesignated subpar. which followed subpar. (H). · (j)
  • Pub. L. 101–37, §10(a), made technical correction to directory language of Pub. L. 100–656, §303(a), see 1988 Amendment note below. · (j)
  • Pub. L. 101–37, §6(a), substituted "suspended" for "suspended or terminated". · (j)
  • Pub. L. 101–37, §4(1), added subpar. (B) and struck out former subpar. (B) which read as follows: "Except as provided in section 602(d) of the Business Opportunity Development Reform Act of 1988, any individual upon whom eligibility is based pursuant to section 637(a)(4) of this… · (j)
  • Pub. L. 101–37, §4(2), (3), substituted "Office of Minority Small Business" for "Office of the Associate Administrator for Minority Small Business" and "the Associate Administrator for Minority Small Business and Capital Ownership Development" for "such Associate Administrator". · (j)
  • Pub. L. 101–37, §4(4), substituted "to the Associate Administrator" for "with the Associate Administrator". · (j)
  • Pub. L. 101–37, §4(5), added cl. (vi) and struck out former cl. (vi) which read as follows: "decide protests from applicants that have been denied program admission;". · (j)
  • Pub. L. 101–37, §4(6), substituted "subparagraph (I)" for "subparagraph (H)". · (j)
  • Pub. L. 101–37, §4(7), substituted "Participants" for "participants". · (j)
  • Pub. L. 101–37, §4(9), added subpar. (H) and redesignated former subpar. (H) as (I). · (j), (I)
  • Pub. L. 101–37, §8(a)(1), substituted "developmental" for "development". · (j)
  • Pub. L. 101–37, §8(a)(2), inserted "in its effort" after "to assist the concern". · (j)
  • Pub. L. 101–37, §8(b), inserted second sentence and struck out former second sentence which read as follows: "Such financial assistance may be made without regard to section 647(a) of this title, shall be made by way of reimbursement to the training provider, and shall have such… · (j)

1988

  • Pub. L. 100–590, §103, inserted ", but any such reduction shall not exceed five points" after "any successor thereto" in second proviso. · (a)
  • Pub. L. 100–418, §8007(a)(1), added cls. (iii) and (iv). · (a), (iv)
  • Pub. L. 100–418, §8007(a)(2), amended par. (3) generally. Prior to amendment, par. (3) read as follows: "No loan under this subsection shall be made if the total amount outstanding and committed (by participation or otherwise) to the borrower from the business loan and investment fu… · (a)
  • Pub. L. 100–590, §111(c), designated existing provisions as subpar. (A) and added subpar. (b)[(B)]. · (a)
  • Pub. L. 100–418, §8005, amended par. (14) generally. Prior to amendment, par. (14) read as follows: "The Administration under this subsection may provide extensions and revolving lines of credit for export purposes to enable small business concerns to develop foreign markets and fo… · (a)
  • Pub. L. 100–418, §8007(a)(3), (4), added pars. (16) and (17) and redesignated former par. (16) as (18). · (a)
  • Pub. L. 100–533 and Pub. L. 100–590, §102(a), made identical amendments adding par. (19). · (a)
  • Pub. L. 100–656, §302, added par. (20). · (a)
  • Pub. L. 100–590, §§119(a), 121, substituted "natural or other disasters" for "floods, riots or civil disorders, or other catastrophes" and inserted proviso that Administration may increase loan up to additional 20 per centum to protect damaged or destroyed property from possible … · (b)
  • Pub. L. 100–707, §109(f)(1), substituted "the Disaster Relief and Emergency Assistance Act" for "the Act entitled 'An Act to authorize Federal assistance to States and local governments in major disasters, and for other purposes', approved September 30, 1950, as amended (42 U.S.C… · (b)
  • Pub. L. 100–707, §109(f)(2), substituted "section 312(a) of the Disaster Relief and Emergency Assistance Act" for "subsection (b) of section 315 of Public Law 93–288 (42 U.S.C. 5155)". · (b)
  • Pub. L. 100–590, §120(b), substituted "business or other concern, including agricultural cooperatives," for "business concern". · (c)
  • Pub. L. 100–590, §122, substituted "refinancing: Provided further, That the Administration shall not require collateral for loans of $10,000 or less which are made under paragraph (1) of subsection (b)". for "refinancing". · (c)
  • Pub. L. 100–590, §120(a), added par. (7). · (c)
  • Pub. L. 100–707, §109(f)(3), substituted "section 102(2) of the Disaster Relief and Emergency Assistance Act" for "section 2(a) of the Act of September 30, 1950 (42 U.S.C. 1855a(a))". · (f)
  • Pub. L. 100–656, §505(h), struck out subpar. (A) which read as follows: "An advisory committee composed of five high-level officers from five United States businesses and five representatives of minority small businesses shall be created to facilitate the achievement of the purpo… · (j)
  • Pub. L. 100–656, §205(a), amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: "assist small business concerns participating in the Program to develop comprehensive business plans with specific business targets, objectives, and goals for correcting the impa… · (j)
  • Pub. L. 100–656, §205(b)(1), (2), redesignated subpar. (D) as (C) and struck out former subpar. (C) which read as follows: "No small business concern shall receive a contract pursuant to section 637(a) of this title unless— · (j)
  • Pub. L. 100–656, §205(b)(2), (3), added subpar. (D). Former subpar. (D) redesignated (C). · (j)
  • Pub. L. 100–656, §203, added subpar. (D). · (j)
  • Pub. L. 100–656, §208, added subpars. (E) to (H). · (j)
  • Pub. L. 100–656, §303(a), as amended by Pub. L. 101–37, §10(a), added new subpar. without subpar. designation, but which probably was intended to be subpar. (I). See 1989 Amendment note above. · (j)
  • Pub. L. 100–656, §206, added subpar. (J). · (j)
  • Pub. L. 100–656, §201(a), designated existing provisions as subpar. (A) and added subpars. (B) to (H). · (j)
  • Pub. L. 100–656, §301(a), added par. (12). · (j)
  • Pub. L. 100–656, §301(b), added par. (13). · (j)
  • Pub. L. 100–656, §301(c), added par. (14). · (j)
  • Pub. L. 100–656, §202, added par. (15). · (j)
  • Pub. L. 100–656, §408, added par. (16). · (j)

1986

  • Pub. L. 99–272, §18013, in subpar. (A) substituted "$155,000" for "$100,000", in subpar. (B)(i) substituted "$155,000" for "$100,000" and "85" for "90", in proviso following subpar. (B) substituted "85" for "90", and inserted a second proviso relating to reduction by the Administrat… · (a)
  • Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (a)
  • Pub. L. 99–272, §18007, added par. (16). · (a)
  • Pub. L. 99–272, §18006(a)(1), in provision preceding par. (1) substituted "Except as to agricultural enterprises as defined in section 647(b)(1) of this title, the," for "The", struck out par. (3) which authorized loans, each one not to exceed $500,000, to any small business concern to… · (b)
  • Pub. L. 99–272, §18006(a)(2), struck out provision following subpar. (D) which provided that loans, subject to reductions under subpars. (A) and (B) of par. (1), be in amounts equal to 100 percent of loss if the applicant was a homeowner and 85 percent if the applicant was a busines… · (c)

1984

  • Pub. L. 98–270, §311(1), (3), substituted in provisions preceding subpar. (A) "small business concern or small agricultural cooperative" for "small business concern" and "the concern or the cooperative" for "the concern". · (b)
  • Pub. L. 98–270, §311(2), substituted "small business concerns or small agricultural cooperatives" for "small business concerns". · (b)
  • Pub. L. 98–270, §308, inserted "continuation of," after "in effecting" and inserted provision directing that, for purposes of this paragraph, the impact of the 1983 Payment-in-Kind Land Diversion program, or any successor Payment-in-Kind program with a similar impact on the small bu… · (b)
  • Pub. L. 98–270, §304(2), added par. (4). · (b)
  • Pub. L. 98–270, §301, added undesignated par. following par. (6). · (c)
  • Pub. L. 98–270, §301, added par. (5). · (c)
  • Pub. L. 98–270, §301, added par. (6). · (c)
  • Pub. L. 98–270, §309, inserted provision directing that employees of concerns sharing common business premises be aggregated in determining "major source of employment" status for nonprofit applicants owning such premises. · (c)
  • Pub. L. 98–395 substituted provisions stating that the Administration shall not fund any Small Business Development Center except as authorized for former provisions which prohibited such funding only after October 1, 1980. · (d)

1981

  • Pub. L. 97–35, §1902, substituted provisions empowering the Administration to the extent and in such amounts as provided in advance in appropriation acts, for plant acquisition, construction, conversion, or expansion, including the acquisition of land, material, supplies, equipment, an… · (a)
  • Pub. L. 97–35, §1910, repealed subpar. (C) which read as follows: "the Administration shall not decline to participate in a loan on a deferred basis under this subsection solely because such loan will be used to refinance all or any part of the existing indebtedness of a small bu… · (a)
  • Pub. L. 97–35, §1910, repealed par. (8) which read as follows: "(8)(A) Any loan made under the authority of this subsection by the Administration in cooperation with a bank or other lending institution through an agreement to participate on a deferred basis, may, upon the concurrenc… · (a)
  • Pub. L. 97–35, §1911, revised provisions to specifically authorize loans only to repair, rehabilitate, or replace property, real or personal, damaged or destroyed, and is not compensated for by insurance or otherwise, and to refinance any mortgage or other lien against a totally des… · (b)
  • Pub. L. 97–35, §1911, revised provisions to continue to authorize loans to business concerns which the Administration determines to have suffered substantial economic injury as a result of a physical disaster as declared under certain pertinent triggering legislation. · (b)
  • Pub. L. 97–35, §1913(a), designated existing provisions of par. (5) as (3) with minor changes, and struck out pars. (3), (4), and (6) to (9) relating to non-physical disaster loans. · (b)
  • Pub. L. 97–35, §1914, substituted "effective date of this Act" for "to October 1, 1983". · (c)
  • Pub. L. 97–35, §1912, added par. (4). · (c)
  • Pub. L. 97–35, §1913(c), repealed subsec. (g) which related to loans to small business concerns for water pollution control facilities. · (g)

1980

  • Pub. L. 96–481, §112, inserted provisions preceding par. (1) empowering the Administration to the extent and in such amounts as are provided in appropriation acts to make or effect either directly or in cooperation with banks or other lending institutions through agreements to particip… · (a)
  • Pub. L. 96–302, §505, added par. (8). · (a)
  • Pub. L. 96–302, §124, which directed that cl. (E), respecting duplication of disaster benefits, be added at end of subsec. (b), was executed by inserting cl. (E) following cl. (D) in next to last par. of subsec. (b) as the probable intent of Congress. · (b)
  • Pub. L. 96–302, §123, substituted "other causes" for "undetermined causes" and made the small business concern ineligible for loan assistance when the concern intentionally adulterates its product in attempting to establish eligibility under the loan assistance program. · (b)
  • Pub. L. 96–302, §122, authorized loans to assist small business concern affected by a shortage of coal or other energy-producing resource caused by a strike, boycott, or embargo, unless the strike, boycott, or embargo is directly against the small business concern. · (b)
  • Pub. L. 96–302, §119(a), (b), added subpar. (C) and extended disaster loans to disasters occurring prior to Oct. 1, 1983, instead of Oct. 1, 1982. · (c)
  • Pub. L. 96–302, §203, substituted provisions respecting: funding of small business development centers under section 648 of this title on and after Oct. 1, 1980; operation of such centers funded prior to Oct. 1, 1979; and prescribing $300,000 limitation for fiscal year 1980, for suc… · (d)
  • Pub. L. 96–481, §104, in opening paragraph substituted provision that the program and all other services and activities authorized under this subsection and section 637(a) of this title shall be managed by the Associate Administrator for Minority Small Business and Capital Ownershi… · (j)
  • Pub. L. 96–481, §106(a), substituted "targets, objectives, and goals for correcting the impairment of such concern's ability to compete, as determined for such concern pursuant to section 637(a)(6) of this title, within a fixed period of time as mutually agreed upon by the ap… · (j)
  • Pub. L. 96–481, §107, in the conditions required to receive a contract by a small business concern, substituted provisions that the business plan be approved by the Administration and that the program be able to provide the concern with management, technical and financial servic… · (j)

1979

  • (9). Pub. L. 96–38 inserted ", except as provided in subsection (c) of this section," after "the interest rate on the Administration's share of any loan made under this subsection" in first unnumbered paragraph. · (b)
  • Pub. L. 96–38 added par. (3). · (c)

1978

  • Pub. L. 95–507, §231, inserted provision including small-business concerns totally owned and controlled by Indian tribes within the scope of this section. · (a)
  • Pub. L. 95–315, §3, designated existing provisions as par. (1) and added par. (2). · (d)
  • Pub. L. 95–507, §204, included individuals and enterprises eligible for assistance under par. (10) of this subsection and section 637(a) of this title among those eligible for assistance under this section, provided for the establishment of the small business and capital ownership deve… · (j)
  • Pub. L. 95–507, §205, inserted reference to section 637(a). · (k)
  • Pub. L. 95–510 substituted "the daily equivalent of the highest rate payable under section 5332 of title 5" for "$100 per diem". · (k)
  • Pub. L. 95–315, §2, added subsec. (l). · (l)

1977

  • Pub. L. 95–89, §301, authorized loans to finance residential or commercial construction or rehabilitation for sale, subject to restriction that such loans be not used primarily for the acquisition of land. · (a)
  • Pub. L. 95–89, §101(d), repealed par. (8) which required the Administrator to make direct loans under subsec. (a) in an aggregate amount of not less than $400,000,000 during fiscal year ending June 30, 1975. · (a)
  • Pub. L. 95–89, §405, inserted following par. (9) provisions respecting interest rate on loans to repair or replace primary residence and/or replace or repair damaged or destroyed personal property, including installation of insulation in connection with any disaster occurring on or aft… · (b)
  • Pub. L. 95–89, §403, added subpars. (C) to (E). · (b)
  • Pub. L. 95–89, §402, substituted "program or project constructed by or with funds provided in whole or in part by the Federal Government or by a program or project by a State or local government or public service entity, providing such government or public service entity has the aut… · (b)
  • Pub. L. 95–89, §302, inserted "heretofore or hereafter enacted" after "any Federal law". · (b)
  • Pub. L. 95–89, §404, added par. (9). · (b)
  • Pub. L. 95–89, §101(e), repealed par. (4) which authorized appropriation of not to exceed $800,000,000 to the disaster fund solely for purpose of carrying out subsec. (g) loans to small business concerns for water pollution control facilities. · (g)

1976

  • Pub. L. 94–305, §112(c), inserted reference to non-Federal sources. · (a)
  • Pub. L. 94–305, §111, substituted "$500,000: Provided, That no such loan made or effected either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate basis shall exceed $350,000" for "$350,000". · (a)
  • Pub. L. 94–305, §108(b), substituted provision relating to a twenty year maturity period for any portion of loan made for the purpose of acquiring real property or constructing facilities for provision relating to a ten year maturity for portion of loan made for purpose of constr… · (a)
  • Pub. L. 94–305, §114, in provisions following par. (8), substituted provisions requiring interest rate on Administration's share of any loan made under this subsection not to exceed the average annual interest rate on all interest-bearing obligations of the United States then forming a… · (b)
  • Pub. L. 94–305, §112(d), struck out proviso that loans under subsec. (b)(4) of this section include loans to persons who are engaged in business of raising livestock, and who suffer substantial injury as a result of animal disease. · (b)
  • Pub. L. 94–305, §109, substituted "$100,000" for "$50,000". · (i), (3)

1974

  • Pub. L. 93–386, §8, substituted provisions for determining the rate of interest for the Administration's share of any loan for provisions setting forth the rate of interest for the Administration's share of any loan as not more than 5½ per centum per annum. · (a)
  • Pub. L. 93–386, §8, substituted provisions for determining the rate of interest for the Administration's share of any loan for provisions setting forth the rate of interest for the Administration's share of any loan as not less than 3 nor more than 5 per centum per annum. · (a)
  • Pub. L. 93–386, §12, added par. (8). · (a)
  • Pub. L. 93–237, §5, inserted proviso that loans under this paragraph include loans to persons who are engaged in the business of raising livestock and who suffer substantial economic injury as a result of animal disease. · (b)
  • Pub. L. 93–237, §§2(a), (b), 6, consolidated into a single par. (5) the authority of the Small Business Administration contained in former par. (5) to make loans to small business concerns to meet the requirements of the Federal Coal Mine Health and Safety Act of 1969, the Eg… · (b)
  • Pub. L. 93–386, §9(a), added par. (8). · (b)
  • Pub. L. 93–386, §9(b), substituted "paragraph (3), (5), (6), (7), or (8)" for "paragraph (3), (5), (6), or (7)" in first par. following the numbered pars. · (b)
  • Pub. L. 93–237, §3(a), redesignated subsec. (g), relating to loans to handicapped persons and organizations for handicapped, as (h). · (g), (h)
  • Pub. L. 93–386, §3(2), inserted "The Administration's share of" before "any loan". · (h)
  • Pub. L. 93–386, §2(a)(4), added subsecs. (i) to (k). · (i), (j), (k)

1972

  • Pub. L. 92–385 added par. (7), and in text following the numbered paragraphs, inserted provisions relating to the administration of the disaster loan program in relation to disasters occurring between January 1, 1971, and July 1, 1973. · (b)
  • Pub. L. 92–595 added subsec. (g) relating to loans to handicapped persons and organizations for handicapped. · (g)
  • Pub. L. 92–500 added subsec. (g) relating to loans to small business concerns for water pollution control facilities. · (g)

1970

  • Pub. L. 91–597 added par. (5) relating to loans for additions or alterations required under the Egg Products Inspection Act, etc., and inserted reference to such par. (5). · (b)
  • Pub. L. 91–596 added par. (6) and inserted reference to par. (6) after reference to par. (5). · (b)

1969

  • Pub. L. 91–173 added par. (5), and inserted reference to par. (5) after reference to par. (3). · (b)

1968

  • Pub. L. 90–448 empowered the Administration to make loans because of riots or civil disorders. · (b)
  • Pub. L. 90–495 added continuing in business at its existing location, purchasing a business, and establishing a new business to the list of purposes for which loans may be made, and extended the causes of substantial economic injury of the concern involved to include its location in… · (b)

1967

  • Pub. L. 90–104, §103, extended maturity date for construction loans from ten to fifteen years. · (a)
  • Pub. L. 90–104, §104, redesignated subsec. (e), added by Pub. L. 89–769, as (f). · (f)

1966

  • Pub. L. 89–409 added subsec. (e). · (e)
  • Pub. L. 89–769 added subsec. (e) which provided for assistance to privately owned higher education in major disaster areas and repayment. · (e)

1965

  • Pub. L. 89–59, §1(a), increased the maturity of disaster loans from twenty to thirty years, and authorized suspension of principal and interest payments and extension of date of maturity for five year period. · (b)
  • Pub. L. 89–59, §1(b), designated existing provisions as par. (1) and added par. (2). · (c)

1964

  • Pub. L. 88–264 extended provisions of par. (2) to any small business affected by disasters other than drought or excessive rainfall and added par. (4) for disaster loans to any such business suffering economic injuries through natural or undetermined causes. · (b), (4)
  • Pub. L. 88–560 provided that the purposes of a loan under this paragraph may include the purchase or construction of other premises whether or not the borrower owned the premises from which it was displaced. · (b)

1961

  • Pub. L. 87–70 added par. (3), and inserted provisions limiting the interest rate in the case of loans made pursuant to par. (3) to not more than the higher of (A) 2¾ per centum per annum, or (B) the average annual interest rate on all interest-bearing obligations forming a part of the … · (b)
  • Pub. L. 87–305 empowered the Administration to make grants to any corporation formed by two or more eligible entities described in the text, authorized it to recommend to grant applicants particular studies or research, eliminated the limitation of one grant to a State, and conditioned… · (d)

1959

  • Pub. L. 86–367 struck out provision for making the grants from the fund established in the Treasury by section 602(b) of the Small Business Investment Act of 1958. · (d)

1958

  • Pub. L. 85–699 added subsec. (d). · (d)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.