Page:United States Statutes at Large Volume 76.djvu/269

 76 STAT. ]

PUBLIC LAW 87-551-JULY 27, 1962

(b) I t is the sense of the Congress that the regular business loan program of the Small Business Administration should be reviewed by the Congress at least once every two years. I t is further the sense of the Congress that the Small Business Administration should submit its estimated needs for additional authorization for such program to the Congress at least one year in advance of the date on which such authorization is to be provided, in order to assure an orderly and recurring review of such program and to avoid emergency appeals for additional authorization. Compliance by the Small Business Administration with the foregoing policy will enable the Congress hereafter to provide additional authorization for such program on a two-year basis. SEC. 2. (a) The Small Business Administration is empowered to make loans (either directly or in cooperation with banks or other lenders through agreements to participate on an immediate or deferred basis) to assist any firm to adjust to changed economic conditions resulting from increased competition from imported articles, but only if (1) an adjustment proposal of such firm has been certified by the Secretary of Commerce pursuant to the Trade Expansion Act of 1962, (2) the Secretary has referred such proposal to the Administration under that Act and the loan would provide part or all of the financial assistance necessary to carry out such proposal, and (3) the Secretary's certification is m force at the time the Administration makes the loan.. (b) The Small Business Administration's authority to make loans under this section shall be in addition to and separate from its authority to make loans under the Small Business Act. With respect to loans made under this section the Administration shall apply the provisions of sections 314, 315, 316, 318, 319, and 320 of the Trade Expansion Act of 1962 as though such loans had been made under section 314 of that Act. (c) There are hereby authorized to be appropriated, without fiscal year limitation, such sums as may be necessary to carry out this section. (d) This section shall take effect on such date (on or after the enactment of the Trade Expansion Act of 1962) as the President may specify in a proclamation duly published in the Federal Register but in no case later than 60 days after the date of the enactment of such Act. Approved July 25, 1962.

221 Review by Congress.

15 USC 631 note.

Effective date. Proclamation, publication in F. R.

Public Law 87-551 AN ACT To waive section 142, title 28, United States Code, with respect to the United States District Court for the District of Connecticut for holding court at Bridgeport.

Be it enacted by the Seriate and House of Representatives of the United States of America in Congress assembled, That the limitations and restrictions contained in section 142, title 28, United States Code, shall be waived with respect to the holding of court at Bridgeport, Connecticut, by the United States District Court for the District of Connecticut. Approved July 27, 1962.

July27, 1962 [H. R. 9844]

Connecticut. U. S. District Court. 62 Stat. 898.

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