Page:United States Statutes at Large Volume 102 Part 3.djvu/740

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 2692 Termination date.

PUBLIC LAW 100-533—OCT. 25, 1988

"(7) This subsection shall cease to be effective after September 30, 1991.". SEC. 202. TECHNICAL.

Subsection (b) of section 8 of the Small Business Act (15 U.S.C. 63703)) is amended by— (1) striking out "and" at the end of paragraph (14); (2) striking out "public." at the end of paragraph (15) and inserting in lieu thereof "public; and"; and (3) by adding the following new paragraph: "(16) to make studies of matters materially affecting the competitive strength of small business, and of the effect on small business of Federal laws, programs, and regulations, and to make recommendations to the appropriate Federal agency or agencies for the adjustment of such programs and regulations to the needs of small business.". 15 USC 637 note.

SEC. 203. AUTHORIZATION.

There is authorized to be appropriated $10,000,000 to carry out the demonstration projects required pursuant to section 201. The initial projects authorized to be financed by this title shall be funded by January 31, 1989. Notwithstanding any other provision of law, the Small Business Administration may use such expedited acquisition methods as it deems appropriate to achieve the purposes of this section, except that it shall ensure that all eligible sources are provided a reasonable opportunity to submit proposals. 15 USC 637 note.

SEC. 204. DEFINITION.

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For the purposes of this title, the term "small business concern owned and controlled by women" means any small business concern— (1) that is at least 51 per centum owned by one or more women; and (2) whose management and daily business operations are controlled by one or more of such women. TITLE III—ACCESS TO CAPITAL SEC. 301. AMENDMENTS TO THE CONSUMER CREDIT PROTECTION ACT.

Regulations.

Subsection (a) of section 703 of the Consumer Credit Protection Act (15 U.S.C. 1691b(a)) is amended to read as follows: "(a)(1) The Board shall prescribe regulations to carry out the purposes of this title. These regulations may contain but are not limited to such classifications, differentiation, or other provision, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary or proper to effectuate the purposes of this title, to prevent circumvention or evasion thereof, or to facilitate or substantiate compliance therewith. "(2) Such regulations may exempt from the provisions of this title any class of transactions that are not primarily for personal, family, or household purposes, or business or commercial loans made available by a financial institution, except that a particular type within a class of such transactions may be exempted if the Board determines, after making an express finding that the application of this title or of any provision of this title of such transaction would not contribute substantially to effecting the purposes of this title.