Sec. 2. Oversight of small business assistance programs
276 words·~1 min read·
/bill/113/s/936/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this Act— the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively; and the term small business concern has the same meaning as in section 3 of the Small Business Act ( 15 U.S.C. 632 ). The Administrator shall collect information from small business concerns that receive assistance provided by the Administration, including a loan, a loan guarantee, a grant, or counseling services. The information collected under paragraph
(1)shall include— the operational status of each small business concern, to be collected 6 months after and 1 year after the date on which the small business concern receives assistance from the Administration; if a small business concern is no longer operational, the reason for the closure of the small business concern; the number of part-time employees and full-time employees that each small business concern employs, to be collected— 6 months after the date on which the small business concern receives assistance from the Administration, and every 6 months thereafter, during the time the small business concern is receiving assistance from the Administration; and 6 months after and 1 year after the date on which the small business concern ceases to receive assistance from the Administration; and if the Administration is unable to provide assistance to the small business concern, the number of referrals that the Administration makes to another assistance program within the Administration or to another Federal agency. The Administration shall include the information collected under this subsection in the annual report required under section 10(a) of the Small Business Act (15 U.S.C. 639(a)). This Act shall take effect 1 year after the date of enactment of this Act.
Connectionstraces to 2
Traces to 2 documents
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources