Annual Report

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Page 81 - ... to engage in the business of underwriting, furnishing capital to industry, financing promotional enterprises, purchasing securities of issuers for which no ready market is in existence...
Page 53 - It is the declared policy of the Congress that the Government should aid, counsel, assist, and protect insofar as is possible the interests of small business concerns in order to preserve free competitive enterprise...
Page 76 - Department of Agriculture Department of Commerce Department of Defense Department of Health, Education, and Welfare Department of Housing and Urban Development Department of the Interior Department of State Department of...
Page 45 - SEC. 411. (a) The Administration may, in consultation with the Secretary of Housing and Urban Development and upon such terms and conditions as it may prescribe, guarantee and enter into commitments to guarantee any surety against loss, as hereinafter provided, as the result of the breach of the terms of a bid bond, payment bond, or performance bond by a principal on any contract up to $500,000 in amount, subject to the following conditions: ( 1 ) The person who would be the principal of the bond...
Page 53 - The essence of the American economic system of private enterprise is free competition. Only through full and free competition can free markets, free entry into business and opportunities for the expression and growth of personal initiative and individual judgment be assured. The preservation and expansion of such competition is basic not only to the economic well-being but to the security of this Nation. Such security and well-being cannot be realized unless the actual and potential capacity of small...
Page 82 - ... principally engaged in the furnishing of capital to other corporations which are principally engaged in the development or exploitation of inventions, technological improvements, new processes, or products...
Page 77 - ... corporation derives more than 80 percent of its gross receipts from sources outside the United States.
Page 81 - Act, beneficial ownership by a company owning 10 per centum or more of the outstanding voting securities of any issuer which is a small business investment company licensed to operate under the Small Business Investment Act of 1958, or which has received from the Small Business Administration notice to proceed to qualify for a license, which notice or license has not been revoked, shall be deemed to be beneficial ownership by one person...
Page 81 - Any issuer whose outstanding securities (other than short-term paper) are beneficially owned, by not more than one hundred persons and which is not making and does not presently propose to make a public offering of its securities.
Page 53 - Small Business Administration'' (herein referred to as the Administration) , which Administration shall be under the general direction and supervision of the President and shall not be affiliated with or be within any other agency or department of the Federal Government.

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