Page:United States Statutes at Large Volume 88 Part 1.djvu/793

 88

STAT.]

749

PUBLIC LAW 93-386-AUG. 23, 1974

the existing indebtedness of, any small business concern seriously and adversely affected by a shortage of fuel, electrical energy, or energy-producing resources, or by a shortage of raw or processed materials resulting from such shortages, if the Administration determines that such concern has suffered or is likely to suffer substantial economic injury without assistance under this paragraph." (b) The first paragraph following the numbered paragraphs of section 7(b) of the Small Business Act is amended by striking out "or (7)," immediately following " (6), " and inserting in lieu thereof " (7), or (8),". SEC. 10. Section 5 of the Small Business Act is amended by adding at the end thereof the following new subsection: "(e) The Administrator shall designate an individual within the Administration to be known as the Chief Counsel for Advocacy and to perform the following duties: "(1) serve as a focal point for the receipt of complaints, criticisms, and suggestions concerning the policies and activities of the Administration and any other Federal agency which affects small businesses; "(2) counsel small businesses on how to resolve questions and problems concerning the relationship of the small business to the Federal Government; " (3) develop proposals for changes in the policies and activities of any agency of the Federal Government which will better fulfill the purposes of the Small Business Act and communicate such proposals to the appropriate Federal agencies; " (4) represent the views and interests of small businesses before other Federal agencies whose policies and activities may affect small businesses; and " (5) enlist the cooperation and assistance of public and private agencies, businesses, and other organizations in disseminating information about the programs and services provided by the Federal Government which are of benefit to small businesses, and information on how small businesses can participate in or make use of such programs and services.". SEC. 11. (a) The first sentence of section 411(c) of the Small Business Investment Act of 1958 is amended by inserting "administer this program on a prudent and economically justifiable basis and shall" immediately after "shall". (b) Section 411(c) of the Small Business Investment Act of 1958 is amended by adding at the end thereof the following: "Within 30 days after the date of enactment of this sentence and at monthly intervals thereafter, the Administration shall publish the cost of the program to the Administration for the month immediately preceding the date of publication. The Administration shall conduct a study of the program in order to determine what must be done to make the program economically sound. Within one year after the date of enactment of this sentence, the Administration shall transmit a report to Congress containing a detailed statement of the findings and conclusions of the study, together with its recommendations for such legislative and administrative actions as it deems appropriate.". SEC. 12. Section 7(a) of the Small Business Act is amended by adding at the end thereof the following new paragraph: "(8) During the fiscal year ending June 30, 1975, the Administrator shall make direct loans under this subsection in an aggregate amount of not less than $400,000,000.".

15 USC 636.

Chief Counssel for Advocacy, IS u s e 634. Duties.

15 USC 631 note.

15 USC 694b,

Program c o s t s, publication.

Study. Report to Congress.

15 USC 636.

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