Small Business Act (United States)
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Small Business Act (United States)
The Small Business Act is the Act of Congress which created the Small Business Administration. It was enacted July 30, 1953, originally as the Small Business Act of 1953 as Title II of (ch. 282, . It was codified at . The Reconstruction Finance Corporation Liquidation Act, which was Title I of , abolished the Reconstruction Finance Corporation. Amendments The ''Small Business Act Amendments of 1958'' () withdrew Title II as part of that act and made it a separate act to be known as the "Small Business Act". Its function was and is to "aid, counsel, assist and protect, insofar as is possible, the interests of small business concerns". It was amended in 1978 () resulting in contracting requirements that resulted in the establishment of Office of Small and Disadvantaged Business Utilizations. It was amended again in 1988 with Public Law 100-646 requiring projections for procurement planning. It was amended again in 2017 by the ''Improving Contract Procurement for Small Bus ...
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Dwight D
Dwight may refer to: People * Dwight (given name) * Dwight D. Eisenhower (1890–1969), 34th president of the United States and former military officer *New England Dwight family of American educators, military and political leaders, and authors * Ed Dwight (born 1933), American test pilot, participated in astronaut training program * Mabel Dwight (1875–1955), American artist * Elton John (born Reginald Dwight in 1947), English singer, songwriter and musician Places Canada * Dwight, Ontario, village in the township of Lake of Bays, Ontario United States * Dwight (neighborhood), part of an historic district in New Haven, Connecticut * Dwight, Illinois, village in Livingston and Grundy counties * Dwight, Kansas, city in Morris County * Dwight, Michigan, an unincorporated community * Dwight, Nebraska, village in Butler County * Dwight, North Dakota, city in Richland County * Dwight Township, Livingston County, Illinois * Dwight Township, Michigan Institutions * Dwight Correctional ...
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Act Of Congress
An Act of Congress is a statute enacted by the United States Congress. Acts may apply only to individual entities (called Public and private bills, private laws), or to the general public (Public and private bills, public laws). For a Bill (law), bill to become an act, the text must pass through both houses with a majority, then be either signed into law by the president of the United States, be left unsigned for ten days (excluding Sundays) while Congress remains in session, or, if vetoed by the president, receive a congressional override from of both houses. Public law, private law, designation In the United States, Acts of Congress are designated as either public laws, relating to the general public, or private laws, relating to specific institutions or individuals. Since 1957, all Acts of Congress have been designated as "Public Law X–Y" or "Private Law X–Y", where X is the number of the Congress and Y refers to the sequential order of the bill (when it was enacted). ...
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Small Business Administration
The United States Small Business Administration (SBA) is an independent agency of the United States government that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. The SBA provides a government-backed guarantee on part of the loan. Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008. The agency had record lending volumes in late 2010. SBA helps lead the federal government's efforts to deliver 23 ...
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Codification (law)
In law, codification is the process of collecting and restating the law of a jurisdiction in certain areas, usually by subject, forming a legal code, i.e. a codex (book) of law. Codification is one of the defining features of civil law jurisdictions. In common law systems, such as that of English law, codification is the process of converting and consolidating judge-made law or uncodified statutes enacted by the legislature into statute law. History Ancient Sumer's Code of Ur-Nammu was compiled ''circa'' 2050–1230 BC, and is the earliest known surviving civil code. Three centuries later, the Babylonian king Hammurabi enacted the set of laws named after him. Important codifications were developed in the ancient Roman Empire, with the compilations of the Lex Duodecim Tabularum and much later the Corpus Juris Civilis. These codified laws were the exceptions rather than the rule, however, as during much of ancient times Roman laws were left mostly uncodified. The firs ...
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Reconstruction Finance Corporation Liquidation Act
The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country's confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending. The RFC was an independent agency of the US Federal Government, and fully owned and operated by the government. The idea was suggested by Eugene Meyer of the Federal Reserve Board of Governors, recommended by President Herbert Hoover, and established by Congress in 1932. It was modeled after the US War Finance Corporation of World War I. In total, it gave US$2 b ...
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Reconstruction Finance Corporation
The Reconstruction Finance Corporation was a government corporation administered by the United States Federal Government between 1932 and 1957 that provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses. Its purpose was to boost the country's confidence and help banks resume daily functions after the start of the Great Depression. The RFC became more prominent under the New Deal and continued to operate through World War II. It was disbanded in 1957, when the US Federal Government concluded that it no longer needed to stimulate lending. The RFC was an independent agency of the US Federal Government, and fully owned and operated by the government. The idea was suggested by Eugene Meyer of the Federal Reserve Board of Governors, recommended by President Herbert Hoover, and established by Congress in 1932. It was modeled after the US War Finance Corporation of World War I. In total, it gave US$2 billion ...
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Office Of Small And Disadvantaged Business Utilization
Office of Small and Disadvantaged Business Utilization (OSDBU) is the name of offices within federal and state agencies charged with promoting efforts to do business with small and minority owned businesses. The offices are designed to aid in contracting. The offices exist at the Office of U.S. Secretary of Defense The United States secretary of defense (SecDef) is the head of the United States Department of Defense, the executive department of the U.S. Armed Forces, and is a high ranking member of the federal cabinet. DoDD 5100.1: Enclosure 2: a The se ..., U.S. Department of Commerce, Department of Energy, U.S. Department of Transportation, U.S. Department of State, U.S. Department of Interior, Social Security Administration, U.S. Department of Justice and the Department of Veterans Affairs. History The offices were created after passage of Public Law 95–507 in 1978 which amended the Small Business Act of 1953 and addressed contracting. The law was signed by preside ...
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National Defense Authorization Act For Fiscal Year 2018
The National Defense Authorization Act for Fiscal Year 2018 (; NDAA 2018Pub.L. 115–91 is a United States federal law which specifies the budget, expenditures and policies of the U.S. Department of Defense (DOD) for Fiscal Year 2018. Analogous NDAAs have been passed in previous and subsequent years. Background The Trump Administration released its fiscal year 2018 budget request on 23 May 2017, requesting $677.1 billion for the federal government's national defense-related activities. $667.6 billion of that amount was for discretionary funding to be provided by an annual appropriations bill. For fiscal year 2018, the cap set by the Budget Control Act of 2011 on discretionary defense spending was $549 billion. The Trump Administration budget request exceeded this cap by $46 billion. Legislative history House vote H.R. 2810, the version of the NDAA 2018 which was reported by the House Armed Services Committee, was passed by the House of Representatives on 14 July 2017 in a 344 ...
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Loan Forgiveness
Debt relief or debt cancellation is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. From antiquity through the 19th century, it refers to domestic debts, in particular agricultural debts and freeing of debt slaves. In World War I the United States Treasury made large loans to the allies that were postponed, reduced and finally paid off in 1953. In the late 20th century, it came to refer primarily to Third World debt, which started exploding with the Latin American debt crisis (Mexico 1983, etc.). In the early 21st century, it is of increased applicability to individuals in developed countries, due to credit bubbles and housing bubbles. International debt relief First World War reparations War debt payments by World War I Allies to the U.S. had been suspended in 1931—only Finland paid in full—and American public opinion demanded repayments resume as a condition of U.S. postwar aid. Germany had s ...
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Acts Of The 83rd United States Congress
The Acts of the Apostles ( grc-koi, Πράξεις Ἀποστόλων, ''Práxeis Apostólōn''; la, Actūs Apostolōrum) is the fifth book of the New Testament; it tells of the founding of the Christian Church and the spread of its message to the Roman Empire. It gives an account of the ministry and activity of Christ's apostles in Jerusalem and other regions, after Christ's death, resurrection, and ascension. Acts and the Gospel of Luke make up a two-part work, Luke–Acts, by the same anonymous author. It is usually dated to around 80–90 AD, although some scholars suggest 90–110. The first part, the Gospel of Luke, tells how God fulfilled his plan for the world's salvation through the life, death, and resurrection of Jesus of Nazareth. Acts continues the story of Christianity in the 1st century, beginning with the ascension of Jesus to Heaven. The early chapters, set in Jerusalem, describe the Day of Pentecost (the coming of the Holy Spirit) and the growth o ...
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1953 In American Law
Events January * January 6 – The Asian Socialist Conference opens in Rangoon, Burma. * January 12 – Estonian émigrés found a government-in-exile in Oslo. * January 14 ** Marshal Josip Broz Tito is chosen President of Yugoslavia. ** The CIA-sponsored Robertson Panel first meets to discuss the UFO phenomenon. * January 15 – Georg Dertinger, foreign minister of East Germany, is arrested for spying. * January 19 – 71.1% of all television sets in the United States are tuned into ''I Love Lucy'', to watch Lucy give birth to Little Ricky, which is more people than those who tune into Dwight Eisenhower's inauguration the next day. This record has yet to be broken. * January 20 – Dwight D. Eisenhower is sworn in as the 34th President of the United States. * January 24 ** Mau Mau Uprising: Rebels in Kenya kill the Ruck family (father, mother, and six-year-old son). ** Leader of East Germany Walter Ulbricht announces that agriculture wi ...
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