Small Business Act: Hearings Before ... , 85-1 on H.R. 6645 and H.R. 7474, May 14 ... 22, 1957

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Page 5 - Act, as amended, is amended — (1) by striking out the period at the end of "paragraph (5)" and inserting in lieu thereof " ; and" ; and (2) by adding after paragraph (5) a new paragraph as follows: "(6) to make such loans (either directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis) as the Administration may determine to be necessary or appropriate to assist any small business concern...
Page 11 - ... collect or compromise all obligations assigned to or held by him and all legal or equitable rights accruing to him in connection with the payment of such loans until such time as such obligations may be referred to the Attorney General for suit or collection...
Page 2 - (b) The management of the Administration shall be vested in an Administrator who shall be appointed from civilian life by the President, by and with the advice and consent of the Senate, and who shall be a person of outstanding qualifications known to be familiar and sympathetic with small-business needs and problems.
Page 9 - Corporation or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner...
Page 23 - Affiliates." Business concerns are affiliates of each other when either directly or indirectly (1) one concern controls or has the power to control the other, or (2) a third party controls or has the power to control both. In determining whether concerns are independently owned and operated and whether or not affiliation exists, consideration shall be given to all appropriate factors including common ownership, common management, and contractual relationships.
Page 9 - The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into business, and opportunities for the expression and growth of personal initiative and individual judgment be assured. The preservation and expansion of such competition is basic not only to the economic well-being but to the security of this Nation.
Page 41 - Annual Report of the Select Committee on Small Business of the United States Senate (S.
Page 65 - ... policies (particularly with reference to the public interest involved in the granting and denial of applications for financial assistance by the Administration and with reference to the coordination of the functions of the Administration with other activities and policies of the Government) which shall govern the granting and denial of applications for financial assistance by the Administration.
Page 178 - Act, a small business concern shall be deemed to be one which is independently owned and operated and which is not dominant in its field of operation.
Page 17 - Administration, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...

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