Page:United States Statutes at Large Volume 94 Part 2.djvu/1045

 PUBLIC LAW 96-481—OCT. 21, 1980

94 STAT. 2323

SEC. 108. The second sentence of section 3(a) of the Small Business Act is amended by striking "business." and inserting in lieu thereof "business: Provided, That the Administration shall not promulgate, amend, or rescind any rule regulation with respect to size standards prior to March 31, 1981.". PART B—SMALL BUSINESS EXPORT FINANCING

SEC. 110. This part may be cited as the "Small Business Export Expansion Act of 1980". SEC. 111. (a) The Congress finds and declares that— (1) a strong export policy is essential to the health and wellbeing of the United States economy; (2) exports of goods and services account for one out of every six jobs in the manufacturing sector and 10 per centum of the gross national product. (3) every billion dollars in new exports is estimated to provide forty thousand jobs; (4) there is increased and fierce competition in international markets to United States goods and services; (5) small businesses account for no more than 10 per centum of all United States export sales; (6) Federal Government programs are not sufficently responsive to the needs of small business for export education and development of overseas marketing opportunities necessary to insure that small businesses realize their potential; and (7) it is in the national interest to systematically and consistently promote and encourage small business participation in international markets. QD) It is therefore the purpose of this part to encourage and promote small business exporting by— (1) providing educational and marketing assistance to smsdl businesses; (2) insuring better access to export information and assistance for small businesses by upgrading and expanding the export development programs and services of the Department of Commerce and the Small Business Administration; and (3) promoting the competitive viability of such firms in export trade and encouraging increased tourism in the United States by creating a program to provide limited financial, technical, and management assistance as may be necessary. SEC. 112, Section 7(a) of the Small Business Act is amended by inserting before the phrase "The foregoing powers shall be subject, however," the following new sentences: The Administration is further empowered, only to such extent and in such amounts as are provided in appropriation Acts, to make or effect eithe r directly or in cooperation with banks or other lending institutions through agreements to participate on an immediate or deferred basis extensions and revolving lines of credit for export purposes to enable small business concerns to develop foreign markets an J for preexport financing: Provided, however, That no such exteniiion or revolving line of credit may be made for a period or periods exceeding eighteen months. A bank or participating lending institution may establish the rate of interest on extensions and revolving lines of credit as may be legal and reasonable." SEC. 113. The Small Business Act is amended by adding after section 21 the following new section.

15 USC 632.

Small Business Export Expansion Act of 1980. 15 USC 631 note. 15 USC 649 note.

Extensions and revolving lines of credit. 15 USC 636.

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