Small Business Act of 1950: Hearings Before the Committee on Banking and Currency, United States Senate, Eighty-first Congress, Second Session, on S. 529 [and Others] ... |
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Page 1
... course that is their business , and I will be guided by what the majority says - but it is my judgment in view of the fact that the Congress is not going to recess at any time shortly , we will have ample time this year to complete ...
... course that is their business , and I will be guided by what the majority says - but it is my judgment in view of the fact that the Congress is not going to recess at any time shortly , we will have ample time this year to complete ...
Page 18
... course of trade or business . The Corpora- tion shall not guarantee or make a commitment to purchase under this paragraph more than 90 per centum of the unpaid balance of any loan . The aggregate amount of guaranties and commitments ...
... course of trade or business . The Corpora- tion shall not guarantee or make a commitment to purchase under this paragraph more than 90 per centum of the unpaid balance of any loan . The aggregate amount of guaranties and commitments ...
Page 22
... course of operations under this title shall be deposited in a revolving fund in the Treasury of the United States . The revolving fund shall be available for defraying the operating expenses incurred under this title , and for the pay ...
... course of operations under this title shall be deposited in a revolving fund in the Treasury of the United States . The revolving fund shall be available for defraying the operating expenses incurred under this title , and for the pay ...
Page 34
... - arate them , if they wish to make them all into one bill , or if they do not wish to have any bill at all , is of course the business of the com- mittee . It is my business as chairman to try 34 SMALL BUSINESS ACT OF 1950.
... - arate them , if they wish to make them all into one bill , or if they do not wish to have any bill at all , is of course the business of the com- mittee . It is my business as chairman to try 34 SMALL BUSINESS ACT OF 1950.
Page 36
... course that is going to take a long time in that subcommittee . What I thought we could do in this committee , the full committee , bacause most members of the full committee are on the Small Busi- ness Committee , is that we could at ...
... course that is going to take a long time in that subcommittee . What I thought we could do in this committee , the full committee , bacause most members of the full committee are on the Small Busi- ness Committee , is that we could at ...
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Common terms and phrases
agencies amended amortization amount appropriate approval assets authorized bankers Board of Directors Board of Governors borrower BOYD business loans centum CHAIRMAN collateral commercial banks committee Congress Coordinator corporation organized COSGRIFF Department of Commerce depreciation economic eligible equity capital facilities Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve System financial institutions financing funds going Government guarantee GUNDERSON hearings hereby income independent business enterprise independent small business industry interest KIRBY legislation lending institutions Maybank MCCABE member banks ment national investment company ness obligations officers operations paragraph problems production proposed purchase purposes question reasonable Reconstruction Finance Corporation record regulations requirements SAWYER Senator BENTON Senator CAPEHART Senator LUCAS Senator ROBERTSON Senator SPARKMAN shares Small Business Act small business enterprises small-business loans statement thereof thing tion United
Popular passages
Page 2 - Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended...
Page 27 - Whenever in the judgment of the Commission any person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this Act, or any regulation or order issued thereunder, it may make application to the appropriate court for an order enjoining such acts or practices, or for an~ order enforcing compliance with such provision...
Page 22 - Act, as amended ; and (2) maintain an integral set of accounts which shall be audited annually by the General Accounting Office in accordance with the principles and procedures applicable to commercial transactions as provided by the Government Corporation Control Act...
Page 6 - If any provision of this act, or the application of such provision to any person or circumstances shall be held invalid, the remainder of the act, and the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
Page 3 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 26 - ... capital for any day of any taxable year shall be determined as of the beginning of such day and shall be the sum of the following : "(1) The amount of the outstanding indebtedness (not including interest) of the taxpayer, incurred in good faith for the purposes of the business...
Page 10 - The corporation, including its franchise, its capital, reserves and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 3 - The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Page 3 - Each such obligation shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average rate on outstanding marketable...
Page 3 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued, under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act, as amended, are extended to include any purchases of such notes and obligations.