United States Code (Last Updated: May 24, 2014) |
Title 15. COMMERCE AND TRADE |
Chapter 14A. AID TO SMALL BUSINESS |
§ 647. Duplication of activities of other Federal departments or agencies
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(a) General prohibition; exception The Administration shall not duplicate the work or activity of any other department or agency of the Federal Government,, and nothing contained in this chapter shall be construed to authorize any such duplication unless such work or activity is expressly provided for in this chapter. If loan applications are being refused or loans denied by such other department or agency responsible for such work or activity due to administrative withholding from obligation or withholding from apportionment, or due to administratively declared moratorium, then, for purposes of this section, no duplication shall be deemed to have occurred.
(b) Definitions As used in this chapter— (1) “agricultural enterprises” means those businesses engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries; and (2) “credit elsewhere” means the availability of sufficient credit from non-Federal sources at reasonable rates and terms, taking into consideration prevailing private rates and terms in the community in or near where the concern transacts business for similar purposes and periods of time.
Prior Provisions
Prior similar provisions were contained in section 225, of act July 30, 1953, ch. 282, as added by act Aug. 9, 1955, ch. 628, § 14, 69 Stat. 551, which was previously classified to section 651 of this title. The provisions of section 218 of act
Amendments
1986—Subsec. (a). Pub. L. 99–272 struck out agricultural enterprises exception and proviso that, prior to
1984—Subsec. (a). Pub. L. 98–369 substituted “
Pub. L. 98–270 substituted “
1980—Subsec. (a). Pub. L. 96–302, § 119(c)(1), inserted proviso relating to eligibility for loan assistance prior to
Subsec. (b). Pub. L. 96–302, § 119(c)(2), added par. (1) and designated as par. (2) existing definition of “credit elsewhere”.
1979—Pub. L. 96–38 designated existing provisions as subsec. (a) and added subsec. (b).
1976—Pub. L. 94–305 inserted reference to those enterprises engaged in the production of food and fiber, ranching, and raising of livestock, aquaculture, and all other farming and agricultural related industries.
1974—Pub. L. 93–386 inserted provision authorizing the refusal of loan applications and the denial of loans, for purposes of this section, to be deemed nonduplication of activities.
Effective Date Of Amendment
Amendment by Pub. L. 98–270 effective
Amendment by Pub. L. 96–302 inapplicable to disasters commencing on or before
Miscellaneous
Pub. L. 95–507, § 207,