Small Business Act Amendments, 1959: Hearing Before Subcommittee No. 3 of ...
Small Business Act Amendments, 1959: Hearing Before Subcommittee No. 3 of ...
United States. Congress. House. Committee On Banking And Currency
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SBA is ap- proaching the limit of its authorization. While it may be possible for the agency to continue into early next year under tlie lending authority of the present law, I feel strongly that this is not the sort of gamble we should take. 1 Digitized by Google 2 SMALL BUSINESS ACT AMENDMENTS, 1959 Presumably Congress will adjourn soon. I am sure the members of the subcommittee will agree that we should not run the risk of SBA's business loan authority running out during the adjournment. I h...ope we can report this bill out promptly without lengthy hearings, and that we can defer consideration of other possible changes in the Small Business Act until next year, when there will be more oppor- tunity to give them full consideration. Mr. Barnes, we are delighted to have you as a witness this morning. You can either read your prepared statement or you can insert it in the record and comment extemporaneously as you desire. STATEMENT OF WENDELL B. BARNES, ADMINISTRATOR, SMALL BUSINESS ADMINISTRATION Mr.
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