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COMMITTEE ON BANKING AND CURRENCY.
HOUSE OF REPRESENTATIVES
EIGHTY-FIFTH CONGRESS
FIRST SESSION
ON
H. R. 6645 and H. R. 7474
MAY 14, 15, 16, 17, 21, AND 22, 1957
Printed for the use of the Committee on Banking and Currency
H. R. 6645. A bill to amend the Small Business Act of 1953..
H. R. 7474. A bill to amend the Small Business Act of 1953, as amended. Statement of—
Andersen, Hon. H. Carl, a Representative in Congress from the State of Minnesota.
Barnes, Hon. Wendell B., Administrator, Small Business Adminis-
tration..
Page
1
9
292
18, 170
Burger, George J., vice president, National Federation of Independent
Business...
115
Coffin, Hon. Frank M., a Representative in Congress from the State
of Maine....
284
Davis, John C., executive director, National Small Business Men's
Association of Washington, D. C...........
131
Fulton, Hon. James G., a Representative in Congress from the State
of Pennsylvania...
295
Hale, Hon. Robert, a Representative in Congress from the State of
Maine....
294
Henderson, Hon. John E., a Representative in Congress from the
State of Ohio...
231
Hill, Hon. William S., a Representative in Congress from the State
of Colorado...
Maxwell, Arthur F., representing the American Bankers Association
Mueller, Hon. Frederick H., Assistant Secretary for Domestic Affairs,
Department of Commerce..
242
145
211
Multer, Hon. Abraham J., a Representative in Congress from the
State of New York..
262
Porter, Hon. Charles O., a Representative in Congress from the State
of Oregon..
291
Riehlman, Hon. R. Walter, a Representative in Congress from the
State of New York...
233
Seely-Brown, Hon. Horace, Jr., a Representative in Congress from
the State of Connecticut..
256
Thompson, Hon. Frank, Jr., a Representative in Congress from the
State of New Jersey..
259
Weaver, Hon. Phil, a Representative in Congress from the State of
Nebraska..--
290
Additional data submitted to the committee by-
Department of Commerce:
Business and Defense Services Administration-organization
chart..
Humphrey, Hon. G. M., Secretary of the Treasury, letter of May 20,
1957, to Hon. Brent Spence....
facing page 229
246
Multer, Hon. Abraham J., letter of May 23, 1957, from Hon. Wendell
B. Barnes, in re: breakdown of Small Business Administration em-
ployees showing those under civil service..
Patman, Hon. Wright:
270
Excerpts from committee hearings-Remarks by Marriner S.
Eccles and William McC. Martin, pertaining to use of reserves
deposited with Federal Reserve System...
170
Small Business Administration:
Business loans approved on which disbursements had been made,
by congressional districts-Consolidated statement covering
periods August 1, 1953 to September 30, 1956; October 1 to
December 31, 1956; and January 1 to March 31, 1957.....
Business loan application activity in New England States, by
State, January 1 through April 30, 1957.
100
197
Definition of small business, effective January 1, 1957.
28
122
Additional data submitted to the committee by-Continued
Small Business Administration-Continued
Percent of number of business loans outstanding, loan balance, and amount delinquent over 60 days.
Programs of financial assistance to small business, April 1957_
Introduction....
Financial counseling..
Loans to business concerns.
90
84
86
87
88
Pool loans.
Direct loans__
Disaster loans....
89
Drought disaster loans.
Programs of procurement and technical assistance to small busi-
ness, March 1957-
I. Introductory remarks_
II. Procurement and technical assistance activities....
III. Procurement assistance to small business...
IV. Other production, products and managerial assistance
activities..
V. Small Business Administration prime contract pro-
47
48
55
IX. Liaison officer with Department of Defense -
X. The Cabinet Committee on Small Business..
Exhibit A. Procurement and technical assistance activities
(for the period August 1, 1953, through December 1956,
unless otherwise indicated) -
61
Exhibit B. Joint set-asides-Comparison of 6-month periods
from July 1953 through December 1956
Exhibit C. Awards under joint set-aside program, by States,
cumulative through December 25, 1956..
Exhibit D. Procurement installations where joint set-asides
for small business were made during the first half of fiscal
year 1957.
63
64
Exhibit E. Report of Small Business Administration joint
set-aside program cumulative from August 1, 1953, through
December 25, 1956___
66
Exhibit F. Certificates of competency: Origin and disposition
of applications, August 1, 1953, through December 31,
1956
Exhibit G. Examples of procurement assistance.
Exhibit H. Examples of production assistance-
Exhibit I. Examples of requests for assistance received, indi-
cating nature of request and type of assistance provided.
Exhibit J. Examples of managerial assistance.
Exhibit K. Distribution and sale of publications and lists of
management publications.
Addendum-Programs of procurement and technical assist-
ance to small business March 1957 to April 1957.
Exhibit A. Procurement and technical assistance ac-
tivities (for period August 1, 1953, through March
1957, unless otherwise indicated) _ .
Exhibit B. Joint set-asides; comparison of 9-month
periods from July 1953 through March 1957.
Exhibit C. Awards under joint set-aside program, by
States, cumulative through February 25, 1957
Exhibit D. Procurement installations where joint set-
asides for small business were made during the first
9 months of fiscal year 1957.
Exhibit E. Report on joint set-aside program cumu- lative from August 1, 1953, through March 25, 1957-
Exhibit F. Certificates of competency: Origin and dis-
position of applications, August 1, 1953, through
March 31, 1957 _ _
Reconstruction Finance Corporation, Office of Loans, Public
Agency Division (borrowers, project, and amount disbursed) _ _
Revolving fund-statement of income and expense..
Selected statistics on financial assistance and procurement and
technical assistance activities-current fiscal year through
April 1957 in comparison with same period in fiscal year 1956__
Summary of business loans charged off.
Summary sheet for business loans in liquidation status as of March 25, 1957
109
93
46
92
Summary sheet for business loans delinquent over 60 days and in
problem status as of March 25, 1957-
91
Summary statement of business and disaster loan approvals and disbursements, by type, as of April 30, 1957.....
44
Weeks, Hon. Sinclair, Secretary of Commerce, letter of May 17, 1957,
to Hon. Brent Spence..