Proposal to Amend the 7(a) Loan Program

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Excerpt from Proposal to Amend the 7(a) Loan Program: Hearing Before the Committee on Small Business, House of Representatives, One Hundred Third Congress, First Session, Washington, DC, July 29, 1993 First of all, if, in fact, you only appropriate the million at a percent credit subsidy rate, that would create a program of billion, which we would manage, too. I have no intention whatsoever of coming to you and asking for a supplemental. I think that is a poor way to budget. I made that commitment at my swearing in. I make that same commitment now. Having spent my whole life telling people what I want to do and then being held accountable for living within that budget, I just can't imagine telling our people that we are going to depend on a supplemental that may or may not come. If, in fact, you don't approve the savings initiatives that we have proposed, then we will manage the program to the billion level. I think that would be most unfortunate for the small busi ness owners of this country. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.