Congress and Small Business Aid Outlook
Extension of Life of Small Business Aid Agency
Small Business, not generally faring so well as its big brothers in the present period of prosperity, received assurance of continuing government assistance in the closing hours of the first session of the 84th Congress. A bill to prolong the life of the Small Business Administration for two years, and to raise the limit on the size of individual loans by the agency from $150,000 to $250,000, received the final approval of both houses on Aug. 2 and was signed by President Eisenhower on Aug. 9.
As originally reported by the House Banking and Currency Committee, the bill would have doubled the lending authority of the Small Business Administration—from $275 million to $550 ...