Page:United States Statutes at Large Volume 93.djvu/399

 P U B L I C X A W 96-53—AUG. 14, 1979 requested by the Center in connection with the performance of its functions under this section. "(4) There shall be a Director of the Center who shall be the chief executive officer of the Center. The Director shall be appointed by the Administrator of the agency. "(5)(A) For the purposes of this section, the term 'economically and socially disadvantaged enterprise' means a business— "(i) which is at least 51 percent owned by one or more socially and economically disadvantaged individuals or, in the case of a publicly owned business, at least 51 percent of the stock of which is owned by one or more socially and economically disadvantaged individuals; and "(ii) whose management and daily business operations are controlled by one or more such individuals. "(B) Socially disadvantaged individuals are those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities. "(C) Economically disadvantaged individuals are those socially disadvantaged individuals whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the same business area who are not socially disadvantaged. In determining the degree of diminished credit and capital opportunities, the Administrator of the agency shall consider, but not be limited to, the asssets and net worth of the socially disadvantaged individual. "(6) Not later than February 1 of each year, the Administrator of the agency shall submit to the Congress a report concerning the activities of the Center during the preceding fiscal year. "(7) Of the funds available to the agency for operating expenses, up to $950,000 for fiscal year 1980 may be allocated to the Center to carry out its functions under this section. "(8) If the Administrator of the agency determines that such a consolidation would significantly further the purposes of this section and would eliminate unnecessary duplication of activity, the Administrator may consolidate the Center with the Office of Small and Disadvantaged Business Utilization established in the agency by section 15(k) of the Small Business Act. Any such consolidation shall ensure that all the functions specified in paragraph (2) of this subsection continue to be carried out. Before implementing any such consolidation, the Administrator shall submit to the Congress a detailed report setting forth the reasons for the proposed consolidation.".

93 STAT. 367

"Economically and socially disadvantaged enterprise."

Report to Congress. Allocation of funds. Consolidation.

92 Stat. 1771. 15 USC 644. Report to Congress.

PROHIBITION ON ASSISTANCE TO PANAMA

SEC. 124. None of the funds authorized to be appropriated by this title may be made available for assistance to the Republic of Panama, its agencies or instrumentalities, unless the President determines that assistance to Panama is in the national interest of the United States. ASSISTANCE TO LATIN AMERICAN AND CARIBBEAN COUNTRIES

SEC. 125. It is the sense of the Congress that the United States should place greater emphasis on public and private resources for development programs in Latin America and the Caribbean which address problems common to the Western Hemisphere. It is further

22 USC 2151 note.

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