15 U.S.C. § 639 : US Code - Section 639: Reporting requirements and agency cooperation

Search 15 U.S.C. § 639 : US Code - Section 639: Reporting requirements and agency cooperation

(a) Annual reports to President and Congressional officers and
committees
The Administration shall, as soon as practicable each fiscal year
make a comprehensive annual report to the President, the President
of the Senate, the Senate Select Committee on Small Business, and
the Speaker of the House of Representatives. Such report shall
include a description of the state of small business in the Nation
and the several States, and a description of the operations of the
Administration under this chapter, including, but not limited to,
the general lending, disaster relief, Government regulation relief,
procurement and property disposal, research and development,
technical assistance, dissemination of data and information, and
other functions under the jurisdiction of the Administration during
the previous fiscal year. Such report shall contain recommendations
for strengthening or improving such programs, or, when necessary or
desirable to implement more effectively congressional policies and
proposals, for establishing new or alternative programs. In
addition, such report shall include the names of the business
concerns to whom contracts are let and for whom financing is
arranged by the Administration, together with the amounts involved.
With respect to minority small business concerns, the report shall
include the proportion of loans and other assistance under this
chapter provided to such concerns, the goals of the Administration
for the next fiscal year with respect to such concerns, and
recommendations for improving assistance to minority small business
concerns under this chapter.
(b) Report of expenditures in conduct of activities; contents;
information to Congressional committees
The Administration shall make a report to the President, the
President of the Senate, and the Speaker of the House of
Representatives, to the Senate Select Committee on Small Business
and to the Committee on Small Business of the House of
Representatives, as soon as practicable each fiscal year, showing
as accurately as possible for each such period the amount of funds
appropriated to it that it has expended in the conduct of each of
its principal activities such as lending, procurement, contracting,
and providing technical and managerial aids. Such report shall
contain the number and amount of loans, the number of applications,
the total amount applied for, and the number and amount of defaults
for each type of equipment or service for which loans are
authorized by this this (!1) chapter. Such report shall provide
such information separately on each type of loan made under
paragraphs (10) through (15) of section 636(a) of this title and
separately for all other loan programs. In addition, the
information on loans shall be supplied on a monthly basis to the
Committee on Small Business of the Senate and the Committee on
Small Business of the House of Representatives.
(c) Repealed. Pub. L. 104-66, title I, Sec. 1091(f), Dec. 21, 1995,
109 Stat. 722
(d) Annual report of Department of Defense
For the purpose of aiding in carrying out the national policy to
insure that a fair proportion of the total purchases and contracts
for property and services for the Government be placed with small-
business enterprises, and to maintain and strengthen the overall
economy of the Nation, the Department of Defense shall make an
annual report to the Committees on Small Business of the Senate and
the House of Representatives, showing the amount of funds
appropriated to the Department of Defense which have been expended,
obligated, or contracted to be spent with small business concerns
and the amount of such funds expended, obligated, or contracted to
be spent with firms other than small business in the same fields of
operation; and such reports shall show separately the funds
expended, obligated, or contracted to be spent for basic and
applied scientific research and development.
(e) Retention of records
(1) (!2) The Administration and the Inspector General of the
Administration shall retain all correspondence, records of
inquiries, memoranda, reports, books, and records, including
memoranda as to all investigations conducted by or for the
Administration, for a period of at least one year from the date of
each thereof, and shall at all times keep the same available for
inspection and examination by the Senate Select Committee on Small
Business and the Committee on Small Business of the House of
Representatives, or their duly authorized representatives.
(2) The Committee on Small Business of either the Senate or the
House of Representatives may request that the Office of the
Inspector General of the Administration conduct an investigation of
any program or activity conducted under the authority of section
636(j) or 637(a) of this title. Not later than thirty days after
the receipt of such a request, the Inspector General shall inform
the committee, in writing, of the disposition of the request by
such office.
(f) Consultation and cooperation with Government departments and
agencies
To the extent deemed necessary by the Administrator to protect
and preserve small-business interests, the Administration shall
consult and cooperate with other departments and agencies of the
Federal Government in the formulation by the Administration of
policies affecting small-business concerns. When requested by the
Administrator, each department and agency of the Federal Government
shall consult and cooperate with the Administration in the
formulation by such department or agency of policies affecting
small-business concerns, in order to insure that small-business
interests will be recognized, protected, and preserved. This
subsection shall not require any department or agency to consult or
cooperate with the Administration in any case where the head of
such department or agency determines that such consultation or
cooperation would unduly delay action which must be taken by such
department or agency to protect the national interest in an
emergency.
(g) Annual report of employee conduct complaints received or acted
upon and investigations undertaken by Administration
The Administration shall transmit, not later than December 31 of
each year, to the Senate Select Committee on Small Business and
Committee on Small Business of the House of Representatives a
sealed report with respect to -
(1) complaints alleging illegal conduct by employees of the
Administration which were received or acted upon by the
Administration during the preceding fiscal year; and
(2) investigations undertaken by the Administration, including
external and internal audits and security and investigation
reports.
(h) Report to Congress on secondary market operations
The Administration shall transmit, not later than March 31 of
each year, to the Committees on Small Business of the Senate and
House of Representatives a report on the secondary market
operations during the preceding calendar year. This report shall
include, but not be limited to, (1) the number and the total dollar
amount of loans sold into the secondary market and the distribution
of such loans by size of loan, size of lender, geographic location
of lender, interest rate, maturity, lender servicing fees, whether
the rate is fixed or variable, and premium paid; (2) the number and
dollar amount of loans resold in the secondary market with a
distribution by size of loan, interest rate, and premiums; (3) the
number and total dollar amount of pools formed; (4) the number and
total dollar amount of loans in each pool; (5) the dollar amount,
interest rate, and terms on each loan in each pool and whether the
rate is fixed or variable; (6) the number, face value, interest
rate, and terms of the trust certificates issued for each pool; (7)
to the maximum extent possible, the use by the lender of the
proceeds of sales of loans in the secondary market for additional
lending to small business concerns; and (8) an analysis of the
information reported in (1) through (7) to assess small businesses'
access to capital at reasonable rates and terms as a result of
secondary market operations.