Provided, howeverIt 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: , That this policy shall be carried out in such manner as to insure the maximum participation of private financing sources.
It is the intention of the Congress that the provisions of this chapter shall be so administered that any financial assistance provided hereunder shall not result in a substantial increase of unemployment in any area of the country. 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 purchase equipment and supplies which are produced in the United States and that small business concerns receiving such assistance be encouraged to continue to lease or purchase such equipment and supplies.
Pub. L. 85–699section 352a of Title 12section 352a of Title 12Pub. L. 87–849This chapter, referred to in text, was in the original “this Act”, meaning , 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sections 217 [now 212], 218 [now 213], 221 [now 216], 657, 1006 and 1014 of Title 18, Crimes and Criminal Procedure, repealed , Banks and Banking, and enacted notes set out under this section and . Sections 212 and 213 of Title 18, as renumbered by , were subsequently repealed. For complete classification of this Act to the Code, see Short Title note set out below and Tables.
Amendments
Pub. L. 102–3661992— inserted at end “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 purchase equipment and supplies which are produced in the United States and that small business concerns receiving such assistance be encouraged to continue to lease or purchase such equipment and supplies.”
Pub. L. 115–333, § 1132 Stat. 4488, , , provided that: “This Act [amending sections 662, 681, and 687 of this title] may be cited as the ‘Spurring Business in Communities Act of 2017’.”
section 1833a of Title 12section 1014 of Title 18“This Act [amending sections 636, 683, 687d, 687e, and 697 of this title, , Banks and Banking, and , Crimes and Criminal Procedure, and enacting provisions set out as notes under sections 636, 683, and 697 of this title] may be cited as the ‘Small Business Investment Company Amendments Act of 2001’.”
section 697g of this titlesection 697g of this titlesection 697e of this title“This title [enacting , amending sections 695 to 697 and 697e of this title, enacting provisions set out as a note under , and repealing provisions set out as a note under ] may be cited as the ‘Certified Development Company Program Improvements Act of 2000’.”
section 631 of this title“This Act [amending sections 662, 683, 687, and 687m of this title and provisions set out as notes under this section and ] may be cited as the ‘Small Business Investment Improvement Act of 1999’.”
lsection 631 of this title“This Act [probably means “This title”, amending this section and sections 662, 682, 683, 685 to 687, 687b, and 687 of this title, enacting provisions set out as notes under this section and sections 681 and 687b of this title, and amending provisions set out as a note under ] may be cited as the ‘Small Business Equity Enhancement Act of 1992’.”
section 694b of this title“This title [amending sections 694b and 694c of this title and enacting provisions set out as notes under ] may be cited as the ‘Preferred Surety Bond Guarantee Program Act of 1988’.”
“That this Act [enacting sections 687i and 687j of this title and amending sections 80a–18, 633, 636, 662, 681, 683, 684, and 686 of this title] may be cited as the ‘Small Business Investment Act Amendments of 1972’.”
“This title [amending sections 681, 682, 683, 684, 686, 687, 687b, and 692 of this title] may be cited as the ‘Small Business Investment Act Amendments of 1967’.”
“That this Act [enacting sections 687e, 687f, 687g, and 687h of this title and amending sections 633, 671, 687, 687a, 687b, and 687c of this title, and sections 5315 and 5316 of Title 5, Government Organization and Employees] may be cited as the ‘Small Business Investment Act Amendments of 1966’.”
“That this Act [enacting section 687d and amending sections 682, 686, and 687 of this title] may be cited as the ‘Small Business Investment Act Amendments of 1963’.”
“That this Act [enacting sections 687a, 687b, and 687c of this title, amending sections 633, 662, 681, 683 to 687, and 696 of this title, and enacting provisions set out as notes under sections 631 and 686 of this title] may be cited as the ‘Small Business Investment Act Amendments of 1961’.”
“That this Act [amending sections 662, 681, 682, and 684 of this title, and section 26–610 of the District of Columbia Code, 1973 edition] may be cited as the ‘Small Business Investment Act Amendments of 1960’.”
section 352a of Title 12section 352a of title 12“This Act [enacting this chapter, amending 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 Criminal Procedure, repealing , Banks and Banking, and enacting notes set out under this section and former ] may be cited as the ‘Small Business Investment Act of 1958’.”
“Notwithstanding any law, rule, regulation or administrative moratorium, except as otherwise expressly provided in this Act [probably means “this title”, see Short Title of 1992 Amendment note above], the Small Business Administration shall—“(1)
within 90 days after the date of enactment of this Act [], publish in the Federal Register proposed rules and regulations implementing this Act and the amendments made by this Act; and
“(2)
within 180 days after the date of enactment of this Act, publish in the Federal Register final rules and regulations implementing this Act, and enter such contracts as are necessary to implement this Act and the amendments made by this Act.”
, , , provided that:
Effect of Small Business Equity Enhancement Act of 1992 on Securities Laws
15 U.S.C. 78c(a)(47)“Nothing in this Act [probably means “this title”, see Short Title of 1992 Amendment note above] (and no amendment made by this Act) shall be construed to affect the applicability of the securities laws, as that term is defined in section 3(a)(47) of the Securities Exchange Act of 1934 [], or any of the rules and regulations thereunder, or otherwise supersede or limit the jurisdiction of the Securities and Exchange Commission or the authority at any time conferred under the securities laws.”