The Small Business Act, referred to in subsec. (a), is
Pub. L. 85–536, § 2(1 et seq.), July 18, 1958,
72 Stat. 384, which is classified generally to chapter 14A (§ 631 et seq.) of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see Short Title note set out under section
631 of Title
15 and Tables.
2006—Subsec. (a).
Pub. L. 109–364 inserted “or, in the case of a small business concern (as defined in the Small Business Act and regulations under that Act), $150,000 or less” after “$50,000 or less”.
1994—Subsec. (a).
Pub. L. 103–355 substituted “$50,000” for “$10,000”.
For effective date and applicability of amendment by
Pub. L. 103–355, see section 10001 of
Pub. L. 103–355, set out as a note under section
251 of this title.