COMMITTEE ON SMALL BUSINESS TOM STEED, Oklahoma JOHN D. DINGELL, Michigan NEAL SMITH, Iowa, Chairman JAMES C. CORMAN, California FERNAND J. ST GERMAIN, Rhode Island HENRY B. GONZALEZ, Texas JAMES M. HANLEY, New York JOHN BRECKINRIDGE, Kentucky JOHN J. LAFALCE, New York BERKLEY BEDELL, Iowa FREDERICK W. RICHMOND, New York MARTY RUSSO, Illinois ALVIN BALDUS, Wisconsin RICHARD NOLAN, Minnesota HERMAN BADILLO, New York RICHARD H. ICHORD, Missouri HENRY J. NOWAK, New York THOMAS A. LUKEN, Ohio JOSEPH A. LEFANTE, New Jersey ANDY IRELAND, Florida DALE E. KILDEE, Michigan SILVIO O. CONTE, Massachusetts M. CALDWELL BUTLER, Virginia DAN MARRIOTT, Utah Procurement, technical, managerial and other advisory services_. Exemptions from other laws. Small Business Investment Division of SBA.. Organization of small business investment companies.. Capital requirements____ Borrowing power. Equity capital for small business. Loans to small business concerns. Miscellaneous provisions: SMALL BUSINESS INVESTMENT ACT OF 1958 Page 49 49 50 Cooperation with banks and other financial institutions Use of advisory services; depository or fiscal agents, investment of funds -- Rules or regulations.. Forfeiture of rights, privileges, and franchises; jurisdiction_. Liability of United States___ Powers and duties under Small Business Act applicable_ Losses sustained and future loss estimates to be included in SBA Revocation and suspension of licenses; cease and desist orders. Examinations and investigations_ Injunctions and other orders__ Conflicts of interest__ Removal or suspension of directors and officers of licensees_. Unlawful acts and omissions by officers, directors, employees or agents; breach of fiduciary duty-- Failure to file reports; penalties and forfeitures; exemptions. Jurisdiction and service of process. Interest subsidy- Joint-ownership companies, benefits.. Preferred stock asset coverage requirement, exemption-- SBIC TAX PROVISIONS Net operating loss deduction__. Dividends received by corporations. Definition of personal holding company. Bad debts, losses, and gains with respect to securities held by financial institutions Reserves for losses on loans of small business investment companies, etc... Loss of small business investment company-. RELATED PROVISIONS OF LAW Advocacy, Office of, establishment.. 165 Civil Rights Act of 1964 91 Consolidated Farm and Rural Development Act amendment, SBA disaster loan interest rate and repeal of $5,000 forgiveness feature 100 Disaster Relief Act of 1970_. 93 Disaster Relief Act of 1974. 110 Domestic Volunteer Service Act of 1973 (SCORE-ACE) SCORE-ACE. See Domestic Volunteer Service Act of 1973. 165 |