Additional Aid for Hurricane Disaster Victims: Hearing Before the Committee on Banking and Currency, House of Representatives, Eighty-Ninth Congress, First Session, October 21, 1965 [open pdf - 13MB]
This is the October 21, 1965 hearing on "Additional Aid for Hurricane Disaster Victims," held before the House Committee on Banking and Currency. From the Opening Statement of Wright Patman: "The legislation would increase the SBA [Small Business Administration] revolving fund by $120 million--from $1,721 to $1,841 million. This increase would correspond with the change made earlier this year by Public Law 89-78, which increased by $120 million the limitation on loans from the SBA revolving fund to carry on funding activities of its Investment Division program. When this committee considered the legislation which ultimately became Public Law 89-78, it did not increase the overall revolving fund authorization of SBA because at that time there was an adequate gap between SBA funds and the revolving fund ceiling. However, an unprecedented demand for business loans in the past several months and heavy disaster loan requests, including loans made to Hurricane Betsy victims, has rapidly depleted SBA's treasury. Unless H.R. 11306, which has already passed the Senate, is acted upon immediately, the Small Business Administration will shortly be without funds to conduct even disaster assistance programs." Statements, letters, and materials submitted for the record include those of the following: Leonor K. Sullivan, Henry S. Reuss, Thomas L. Ashley, William S. Moorhead, Robert G. Stephens Jr., Fernand J. St Germain, Henry B. Gonzalez, Joseph G. Minish, Richard T. Hanna, Bernard F. Grabowski, Compton L. White, Tom S. Gettys, Paul H. Todd, Richard L. Ottinger, Earle Cabell, Thomas C. McGrath, John R. Hansen, Frank Annunzio, William B. Widnall, Paul A. Fino, Florence P. Dwyer, Seymour Halpern, W.E. (Bill) Brock, Dell Clawson, Albert W. Johnson, and Chester L. Mize.
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