15 U.S.C. § 661

Congressional declaration of policy

Read at: OLRCuscode.house.gov CornellLII GovInfogovinfo.gov JustiaTitle 15 CasesGoogle Scholar

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.

Notes of Decisions
Cited in 38 cases, 1965–2018 · leading case: Lyng v. Int'l Union, United Auto., Aerospace, & Agric. Implement Workers, 485 U.S. 360 (1988).
Lyng v. Int'l Union, United Auto., Aerospace, & Agric. Implement Workers, 485 U.S. 360 (1988). · cites it 2× “See 15 U. S. C. § 661 et seq. And a business that claims a net operating loss as a result of a strike or a lockout presumably may carry the loss back three years and forward five years in order to maximize its tax advantage.”
U.S. Small Bus. Admin. Funding Corp. v. Feinsod, 347 F. Supp. 3d 147 (E.D.N.Y 2018). · cites it 2× “Regulatory Background The Small Business Investment Act of 1958 ("SBIA"), 15 U.S.C. § 661 et seq. was enacted to stimulate the national economy by promoting small businesses in need of financing.”
Inner City Broad. Corp. v. James C. Sanders, Adm'r, U.S. Small Bus. Admin., Fed. R.R. Admin., 733 F.2d 154 (D.C. Cir. 1984). · cites it 3× “15 U.S.C. § 661 (1982). See The Small Business Investment Act of 1958, Pub.”
United States v. Fid. Capital Corp., a Georgia Corp., Commonwealth Mortg. Corp. of Am., Intervenor-Appellee, 920 F.2d 827 (11th Cir. 1991). · cites it 2× “689 (codified as amended at 15 U.S.C. §§ 661 -697c (1988)), was the alter ego of Alfred F.”
United States v. Patrick Savin, 349 F.3d 27 (2d Cir. 2003). “§ 662 (3) under a statutory scheme to stimulate small businesses, see 15 U.S.C. § 661 , and is thus distinct from an investment company in general.”
Anderson v. Charleston Capital Corp. (In Re D.A. Kennerly), 90 B.R. 781 (Bankr. D.S.C. 1987). · cites it 3× “689 , which appears generally as 15 U.S.C. §§ 661 , et seq.) (1985), provides the statutory basis for Small Business Investment Companies.”
In Re QuVIS, Inc., 446 B.R. 490 (Bankr. D. Kan. 2011). “[14] See 15 U.S.C. § 661 et seq., Small Business Investment Act of 1958.”
Mautner v. Hirsch, 831 F. Supp. 1058 (S.D.N.Y. 1993). “, under the Small Business Investment Act of 1958, 15 U.S.C. § 661 et seq., under the Racketeer Influenced and Corrupt Organizations Act (“RICO”), 18 U.”
United States v. Paul J. Churchill, 483 F.2d 268 (1st Cir. 1973). “In June, 1966, the Small Business Administration (SBA), having learned of possible violations of law by McCullough, began an investigation pursuant to authority conferred by § 687b.”
United States v. Franklin Nat'l Bank, 376 F. Supp. 378 (E.D.N.Y 1973). “00 from the Small Business Administration pursuant to 15 U. S.C. § 661 et seq. and issued a debenture in that amount.”
Dept. of Rev. v. Am. Tel. & Tel. Co., 431 So. 2d 1025 (Fla. 1st DCA 1983). “llowing percentages of the amount received as dividends from a domestic corporation which is subject to taxation under this chapter: (1) 85 percent in the case of dividends other than dividends described in paragraph (2) or (3); (2) 100 percent, in the case of dividends received…”
P & B Servs., Inc. v. Cardenas, 525 F. Supp. 1289 (D.D.C. 1981). “This broad aim is supplemented by programs providing for special financing through Small Business Investment Companies, 15 U.S.C.A. § 661 et seq. and preferred tax treatment for small business corporations, 26 U.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.