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Code · BILL · 116th Congress · S. 2131 (Introduced in Senate) — To amend the Small Business Act and the Small Business Investment Act of 1958 to increase access to capital for small... · Sec. 5

Sec. 5. Federal loan guarantees for innovative technologies in manufacturing

287 words·~1 min read·/bill/116/s/2131/is/section-5

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The Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3701 et seq.) is amended— by striking section 26 ( 15 U.S.C. 3721 ); and by redesignating sections 27 and 28 ( 15 U.S.C. 3722 and 3723) as sections 26 and 27, respectively. In this subsection— the term Administrator means the Administrator of the Small Business Administration; the term business loan programs of the Administration means the programs under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.); and the term small manufacturer means a business concern described in section 7(a)(2)(F)(i) of the Small Business Act, as amended by this Act.
To the extent the Administrator determines that the assistance available to small manufacturers under section 26 of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3721 ), as in effect on the day before the date of enactment of this Act, is not available under the business loan programs of the Administration, the Administrator shall ensure that the business loan programs of the Administration provide adequate support for innovative technologies in manufacturing.
The Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report regarding any determination or activity of the Administrator under paragraph (2). Any loan guarantee issued under section 26 of the Stevenson-Wydler Technology Innovation Act of 1980 ( 15 U.S.C. 3721 ), as in effect on the day before the date of enactment of this Act, shall remain in full force and effect under the terms, and for the duration, of the loan guarantee agreement.
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Sec. 5
Federal loan guarantees for innovative technologies in manufacturing
U.S.C.§ 3701
U.S.C.§ 3721
U.S.C.§ 3722
U.S.C.§ 636
U.S.C.§ 695
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