(Rev. 14)

SMALL BUSINESS ACT TABLE OF CONTENTS

Sec. 1 Citation.

Sec. 2 Policy of Congress. 15 USC 631.

Sec. 3 Definitions. 15 USC 632.

Sec. 4 Small Business Administration. 15 USC 633.

Sec. 5 Administration powers. 15 USC 634.

Sec. 6 Depositaries of funds. 15 USC 635.

Sec. 7 Business loans. 15 USC 636.

Sec. 8 SBAs additional powers. 15 USC 637.

Sec. 9 Research and development. 15 USC 638.

Sec. 10 Reports. 15 USC 639.

Sec. 11 Antitrust exemption. 15 USC 640.

Sec. 12 Transfer of small-business functions. 15 USC 641.

Sec. 13 Listing of agents and attorneys. 15 USC 642.

Sec. 14 Charges for Government-owned property. 15 USC 643.

Sec. 15 Awards or contracts. 15 USC 644.

Sec. 16 Criminal penalties. 15 USC 645.

Sec. 17 Subordination of SBA collateral. 15 USC 646.

Sec. 18 Avoidance of duplication. 15 USC 647.

Sec. 19 Separability. 15 USC 631 note.

Sec. 20 Authorization for appropriations. 15 USC 631 note.

Sec. 21 Small business development centers. 15 USC 648.

This table of contents is prepared by the editor of the Legislation Handbook and is not a part of the Small

Business Act.

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Sec. 22 Office of International Trade. 15 USC 649.

Sec. 23 Supervisory and enforcement authority for small business lending companies.

15 USC 650.

Sec. 24 Tree planting. 15 USC 651.

Sec. 25 Central European Enterprise Development. 15 USC 652.

Sec. 26 Office of Rural Affairs. 15 USC 653.

Sec. 27 Paul D. Coverdell drug-free workplace demonstration program.

15 USC 654.

Sec. 28 Pilot technology access program. 15 USC 655.

Sec. 29 Womens business center program. 15 USC 656.

Sec. 30 Oversight of regulatory enforcement. 15 USC 657.

Sec. 31 HUBZone program. 15 USC 657a.

Sec. 32 Veterans Programs. 15 USC 657b.

Sec. 33 Repealed.

Sec. 34 Federal and state technology partnership program. 15 USC 657d.

Sec. 35 Mentoring networks. 15 USC 657e.

Sec. 36 Procurement program for small business concerns owned and controlled by

service-disabled veterans. 15 USC 657f.

Sec. 37 Coordination of disaster assistance programs with FEMA. 15 USC 657i.

Sec. 38 Information tracking and follow-up system for disaster assistance. 15 USC

657j.

Sec. 39 Disaster processing redundancy. 15 USC 657k.

Sec. 40 Comprehensive disaster response plan. 15 USC 657l.

Sec. 41 Plans to secure sufficient office space. 15 USC 657m.

Sec. 42 Immediate disaster assistance program. 15 USC 657n.

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Sec. 43 Annual reports on disaster assistance. 15 USC 657o.

Sec. 44 Consolidation of contract requirements. 15 USC 657q.

Sec. 45 Mentor-protg programs. 15 USC 657r.

Sec. 46 Limitations on subcontracting. 15 USC 657s.

Sec. 47 15 USC 631 note.

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This compilation includes

PL 113-291, enacted 12/19/14.

SMALL BUSINESS ACT

(Public Law 85-536,1 as amended)

1. This Act may be cited as the Small Business Act.

2. (a) 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. Such security and

well-being cannot be realized unless the actual and potential capacity of small business is

encouraged and developed. It is the declared policy of the Congress that the Government

should aid, counsel, assist, and protect, insofar as is possible, the interests of small-business

concerns in order to preserve free competitive enterprise, to insure that a fair proportion of

the total purchases and contracts or subcontracts for property and services for the

Government (including but not limited to contracts or subcontracts for maintenance, repair,

and construction) be placed with small business enterprises, to insure that a fair proportion of

the total sales of Government property be made to such enterprises, and to maintain and

strengthen the overall economy of the Nation.2

(b) (1)3 It is the declared policy of the Congress that the Federal Government,

through the Administrator of4 the Small Business Administration, acting through the

Associate Administrator for International Trade and in cooperation with the Department of

Commerce and other relevant State and Federal agencies, should aid and assist small

businesses, as defined under this Act, to increase their ability to compete in international

markets by

1Approved July l8, l958 (72 Stat. 384).

2The subcontracts of contractors performing work or rendering services under Government procurement contracts were

included within the policy statements of 2(a) by 6 of P.L. 87-305, approved Sept. 26, l96l (75 Stat. 667).

3New paragraphs 2(b)(1) and (2) added by 8002 of P.L. 100-418, approved August 23, 1988 (102 Stat. 1553). Former

subsections 2(b) through 2(e) redesignated as 2(c) through 2(f), respectively.

4 Reference to the Administrator added by 1203(d)(1) of P.L. 111-240, approved Sept. 27, 2010 (124 Stat. 2522). Section

1203 (d)(2) added the reference to the Associate Administrator for International Trade. Section 1203(e) of P.L. 111-240

provides:

(e) IMPLEMENTATION DATE.Not later than 90 days after the date of enactment of this Act, the Administrator

of the Small Business Administration shall appoint an Associate Administrator for International Trade under section

22(a) of the Small Business Act (15 U.S.C. 649(a)), as added by this section.

Citation.

Policy of

Congress.

15 USC 631.

1 to

2(b)(1)

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(A) enhancing their ability to export;

(B) facilitating technology transfers;

(C) enhancing their ability to compete effectively and efficiently

against imports;

(D) increasing the access of small businesses to long-term capital

for the purchase of new plant and equipment used in the production of goods and services

involved in international trade;

(E) disseminating information concerning State, Federal, and

private programs and initiatives to enhance the ability of small businesses to compete in

international markets; and

(F) ensuring that the interests of small businesses are adequately

represented in bilateral and multilateral trade negotiations.

(2) The Congress recognizes that the Department of Commerce is the

principal Federal agency for trade development and export promotion and that the

Department of Commerce and the Small Business Administration work together to advance

joint interests. It is the purpose of this Act to enhance, not alter, their respective roles.

(c)5 It is the declared policy of the Congress that the Government, through the

Small Business Administration, should aid and assist small business concerns which are

engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture,

and all other farming and agricultural related industries; and the financial assistance

programs authorized by this Act are also to be used to assist such concerns.

(d) (1)6 The assistance programs authorized by sections 7(i) and 7(j) of this

Act are to be utilized to assist in the establishment, preservation, and strengthening of small

business concerns and improve the managerial skills employed in such enterprises, with

special attention to small business concerns (1) located in urban or rural areas with high

proportions of unemployed or low-income individuals; or (2) owned by low-income

individuals; and to mobilize for these objectives private as well as public managerial skills

and resources.

(2)7 (A) With respect to the programs authorized by section 7(j) of this

Act, the Congress finds

5Former subsection 2(b), now 2(c) - see footnote 3 - added by 112(a) of P.L. 94-305, approved June 4, 1976 (90 Stat. 663).

See 18(b) of this Act for changes made by 119(c) of P.L. 96-302, approved July 2, 1980 (94 Stat. 833), which affect

disaster loan assistance to agricultural enterprises.

6Subsection 2(d) added by 2(a)(1) of P.L. 93-386, approved August 23, 1974 (88 Stat. 742).

7Paragraph 2(d)(2) added by 203 of P.L. 95-507, approved Oct. 24, 1978 (92 Stat. 1757).

2(b)(1)(A) to

2(d)(2)(A)

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(i) that ownership and control of productive capital is

concentrated in the economy of the United States and certain groups, therefore, own and

control little productive capital;

(ii) that certain groups in the United States own and control

little productive capital because they have limited opportunities for small business

ownership;

(iii) that the broadening of small business ownership a