SELECT COMMITTEE ON SMALL BUSINESS

[Created pursuant to S. Res. 58, 81st Cong.]

GAYLORD NELSON, Wisconsin, Chairman

WILLIAM B. CHERKASKY, Executive Director

CHARLES H. LINER, Jr., Professional Staff Member
JUDAH C. SOMMER, Minority Counsel

CONTENTS

Statement of—

Haskell, Hon. Floyd K., a U.S. Senator from the State of Colorado__

Laun, Louis F., Deputy Administrator, U.S. Small Business Adminis-
tration, accompanied by John T. Wettach, Associate Administrator
for Finance and Investment; and George M. Grant, Jr., Legislative
Counsel.

Lowe, Victor L., Director, General Government Division, General

Accounting Office, accompanied by John Landicho, Associate

Director, General Government Division, GAO; Steve Keleti,

Assistant Director, General Government Division, GAO; and John

Ols, Assistant Director, General Government Division, GAO..........

EXHIBITS

Letter dated October 18, 1974, to Hon. John J. Sparkman, Chairman,

Committee on Banking, Housing and Urban Affairs, U.S. Senate, from

Hon. Elmer B. Staats, Comptroller General of the United States -

List of Small Business Administration field offices involved in General

Accounting Office's audits_

Table, Small Business Administration District Offices reviewed, loans

approved, and loans sampled, fiscal years 1971-74__

Page

1

57

2

35

41

44

Table, range into which late notices fell, range in days, number of loans__

Table, initial field visits made more than 1 year after loan disbursement,

months after disbursement, number of loans__

Responses of the Small Business Administration to the recommendations

of the draft report of the General Accounting Office on SBA's 7(a) loan

program---

45

46

73

APPENDIX

Letter dated April 20, 1976, to Senator Floyd K. Haskell, Select Com-

mittee on Small Business, U.S. Senate, from Mitchell P. Kobelinski,

Administrator, Small Business Administration

103

Letter dated April 29, 1976, to Senator Dewey F. Bartlett, Select Com-
mittee on Small Business, U.S. Senate, from Mitchell P. Kobelinski,
Administrator, Small Business Administration__.

170

Letter dated March 4, 1976, to Hon. Elmer B. Staats, Comptroller General
of the United States, from Senator Floyd K. Haskell, Select Committee
on Small Business, U.S. Senate__

February 23, 1976:

Morning session_

HEARING DATE

(III)

176

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