An act to provide for an additional temporary extension of programs under the Small Business Act and the Small business Investment Act of 1958 through July 31, 2007, and for other purposes.
Latest Action
Became Public Law No: 110-4.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, enacted as Public Law No: 110-4, provides a temporary extension of certain programs under the Small Business Act and the Small Business Investment Act of 1958 through July 31, 2007. The extension allows these programs to continue operating without interruption, supporting small businesses through federal initiatives designed to facilitate access to capital and other resources. The bill does not specify additional changes or expansions to the programs beyond the temporary extension.
The law temporarily extends small business support programs to ensure their continued operation through mid-2007, maintaining federal assistance for small businesses during this period.
- Extends programs under the Small Business Act and the Small Business Investment Act of 1958 temporarily until July 31, 2007.
- Ensures uninterrupted continuation of federal small business support programs.
- Signed into law on February 15, 2007, becoming Public Law No: 110-4.
['Small businesses across the United States relying on federal programs for financial support and investment assistance.', 'The Small Business Administration (SBA), which administers these programs.', 'Financial institutions and investors participating in small business investment initiatives.']
['Temporary nature of the extension may require further legislative action to avoid future program lapses.', 'Lack of detailed provisions in the bill text limits clarity on program modifications or funding adjustments.', 'Potential administrative challenges in managing program continuity during the extension period.']
This bill was passed by the 110th Congress and signed into law in early 2007 to prevent a lapse in critical small business support programs. It reflects a legislative approach to maintain existing federal support mechanisms for small businesses without enacting substantive policy changes at that time.
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['Maintaining program continuity may support ongoing small business financing and investment activities, potentially stabilizing small business economic contributions during the extension period.', 'The temporary nature of the extension could create uncertainty for program participants if further extensions or permanent reauthorization are not enacted.', 'Federal agencies administering these programs may need to allocate resources to manage the transition before and after the extension period.']
The bill text and summary lack detailed provisions, limiting transparency on funding levels, program modifications, or oversight mechanisms during the extension. Monitoring future legislative actions will be important to ensure continued support and clarity for small business programs. The temporary extension approach requires attention to avoid gaps in program availability.
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