Page:United States Statutes at Large Volume 93.djvu/1367

 PUBLIC LAW 96-185—JAN. 7, 1980

93 STAT. 1335

dations for legislative and administrative actions considered appropriate to future Federal loan guarantee programs. The study shall also consider for inclusion in any guidelines covering future assistance to corporations the following factors: (1) the prospective economic environment at the time the assistance would have its intended effect, and the impact that either the granting or denial of assistance will have on the environment, (2) the importance, in terms of size and in terms of goods and services rendered, or the corporation or business entity to the national economy, (3) the appropriateness of aggregate limits for such Federal assistance per fiscal year, (4) the order of preference for specific types of assistance, and (5) the degree to which assisted corporations or business entities should be required to adhere to other governmental policies as a condition for the assistance. (b) Not less than fifteen days before the issuance of any loan guarantee under this Act, the Board shall transmit to the appropriate committees of the Congress a written report containing— (1) the details of such loan guarantee; (2) the specific assurances received by the Board under the provisions of sections 4 and 5; and (3) the specific determinations made by the Board under the provisions of sections 4 and 5. (c) The Board shall have the power to require the Secretary of Transportation to complete, within six months of such request, an assessment of the economic impact on the automobile industry of Federal regulatory requirements and the necessity thereof.

Federal regulatory requirements, economic impact assessment.

AUTHORIZATION OF APPROPRIATIONS

SEC. 15. (a) There are authorized to be appropriated beginning October 1, 1979, and to remain available without fiscal year limitation, such sums as may be necessary to carry out the provisions of this Act. (b) Notwithstanding any other provision of this Act, the authority of the Board to make any loan guarantee under this Act shall be limited to the extent such amounts are provided in advance in appropriation Acts.

15 USC 1874.

TERMINATION

SEC. 16. The authority of the Board to make commitments to guarantee or to issue guarantees under this Act expires on December 31, 1983.

15 USC 1875.

ASSISTANCE TO AUTOMOBILE DEALERS

SEC. 17. (a) The Congress finds that— (1) automobile dealerships are, for the most part, small businesses, and (2) current economic conditions have adversely affected automobile dealers to an unusual extent. (b) The Administrator of the Small Business Administration (hereinafter in this section referred to as the "Administrator") shall investigate the financial problems faced by small business automobile dealers and determine what assistance through loans and loan guarantees may be needed and can be made available to

15 USC 631 note.

SBA investigation.

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