On March 10, the House approved, by voice vote, a bill (H.R. 3915) to temporarily reauthorize the Small Business Administration (SBA) and its programs through May 15, 2004. A previous extension approved by Congress in November will expire on March 15 (see The Source, 11/26/03).
In September, the Senate approved a three-year reauthorization (S. 1375) of the SBA (see The Source, 9/26/03); however, the House has not yet acted on the bill. While SBA programs and activities that receive an appropriation through the FY2004 Commerce-Justice-State appropriations bill were extended upon enactment of the FY2004 Consolidated Appropriations Act (P.L. 108-199), there are several SBA programs, such as the 504 loan program and the Small Business Investment Company program, that do not receive an appropriation and were set to expire at the end of 2003.
