To provide for an additional temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958, and for other purposes.
Latest Action
Became Public Law No: 111-66.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™This bill, enacted as Public Law No: 111-66, provides a temporary extension of programs under the Small Business Act and the Small Business Investment Act of 1958. These programs primarily support small businesses through various forms of assistance, including financial support and investment facilitation. The extension allows these programs to continue operating beyond their original expiration dates, ensuring ongoing support for small businesses during the extension period.
The law temporarily extends key small business support programs to maintain their availability and services without interruption.
- Extends existing programs under the Small Business Act and the Small Business Investment Act of 1958.
- Ensures continuity of small business assistance programs during the extension period.
- Signed into law on September 30, 2009, becoming Public Law No: 111-66.
['Small businesses across the United States', 'Small Business Administration (SBA)', 'Investors and financial institutions involved in small business investment programs']
['Temporary nature of the extension may require further legislative action to maintain program continuity.', 'Potential administrative costs associated with implementing the extension.', 'Limited information on funding mechanisms or oversight provisions in the available data.']
The bill was introduced in the House during the 111th Congress and was enacted into law in 2009. It reflects legislative efforts to sustain small business support programs during a period when such assistance was deemed necessary, likely in response to economic conditions at the time. The bill’s passage indicates bipartisan agreement on the importance of these programs.
Hidden impact flags detected: 1
GovScope reviewed 1 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Maintaining small business support programs may help stabilize small business operations and employment during the extension period.', 'Temporary extensions can create uncertainty for program planning and long-term investment decisions by small businesses and related stakeholders.']
The absence of a detailed official summary and full bill text limits the ability to analyze specific provisions, funding details, and oversight mechanisms. Transparency would be improved by providing full legislative text and comprehensive summaries to clarify the scope and implementation of the extension.
GovScope Intelligence Roadmap
Future bill intelligence will connect sponsors, committee referrals, related votes, campaign finance, disclosures, and stock trades into one legislative intelligence view.