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U.S. Code as of:
01/19/04
Section 661. Congressional declaration of policy
It is declared to be the policy of the Congress and the purpose
of this chapter to improve and stimulate the national economy in
general and the small-business segment thereof in particular by
establishing a program to stimulate and supplement the flow of
private equity capital and long-term loan funds which
small-business concerns need for the sound financing of their
business operations and for their growth, expansion, and
modernization, and which are not available in adequate supply:
Provided, however, That this policy shall be carried out in such
manner as to insure the maximum participation of private financing
sources.
It is the intention of the Congress that the provisions of this
chapter shall be so administered that any financial assistance
provided hereunder shall not result in a substantial increase of
unemployment in any area of the country. It is the intention of the
Congress that in the award of financial assistance under this
chapter, when practicable, priority be accorded to small business
concerns which lease or purchase equipment and supplies which are
produced in the United States and that small business concerns
receiving such assistance be encouraged to continue to lease or
purchase such equipment and supplies.
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