A bill to provide for loans and other assistance to small business concerns that have suffered economic injury as a result of adjustments in Defense Department spending.
Small Business Defense Adjustment Assistance Act of 1992 - Amends the Small Business Act to direct the Small Business Administration (SBA) to make loans to assist any small business concern determined to have suffered (or that will suffer) substantial economic injury as a result of the closing by the Government of a major military installation under the jurisdiction of the Department of Defense (DOD), a significant reduction in the scope and size of operations at such an installation, or the cancellation of or a significant reduction in defense contracts with such concern under the jurisdiction of or related to DOD, in: (1) continuing in business at its existing location; (2) reestablishing its business in a new location; or (3) purchasing or establishing a new business.
Includes among services provided by a small business development center under the Act assisting in the development and formation of new businesses by individuals or small business concerns determined by the SBA to have suffered (or that will suffer) such substantial economic injury.
Makes specified funds available to carry out this Act.
Referred to the House Committee on Veterans' Affairs.
Introduced in Senate
Read twice and referred to the Committee on Small Business.
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