Publisher's Synopsis
Excerpt from Massachusetts' Request for Disaster Funds From the Sba: Hearing Before the Subcommittee on Government Programs of the Committee on Small Business, House of Representatives, One Hundred Fourth Congress, Second Session; Washington, D. C., July 10, 1996
If, on the other hand, Mr. Chairman, that wasn't the case, and they did know, then the cause of this disaster is in fact the Federal Government, and that needs to be recognized here today.
In addition, Mr. Chairman, I think we have had a lot of testi mony both this morning and otherwise as to whether or not this was a sudden set of changes. I would suggest to you that going from a 50 percent reduction under Amendment 5 without proper sba participation, and going to an 80 percent reduction and effort within 24 months without a final Regulatory Flexibility Act state ment having been prepared by the Small Business Administration and without the proper consultation by the sba, that we do in fact have a sudden economic disaster that is confronting the fishermen and the fishing families of our community, all of them, Mr. Chair man, being small businesses, from the large dragger which employs 4 to 10 people directly, to the ice company, to the fuel company, to the grocer.
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