1、Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code 96-649 EUpdated December 19, 2001Small Business Administration: Overview and IssuesBruce K. MulockSpecialist in Government and BusinessGovernment and Finance DivisionSummaryLegislation
2、 creating the Small Business Administration (SBA) was signed into law(P.L. 83-163) in 1953, early in President Eisenhowers first term in office. Successor toseveral agencies created during the “Great Depression” and World War II, the SBA wascreated on a “temporary basis” to address several perceived
3、 problems facing smallbusinessproblems that were accentuated by large-scale mobilization of Americanindustry for national security. The enabling law declared it to be the policy of Congressthat the federal government should aid, counsel, assist, and protect insofar as is possiblethe interests of sma
4、ll-business concerns in order to preserve free competitive enterprise,to insure that a fair proportion of the total purchases and contracts for supplies andservices for government be placed with small business enterprises, and to maintain andstrengthen the overall economy of the nation.The SBA is wo
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