Political Quotes

On the recordMarch 7, 1994
At his nomination hearing on May 6, 1993, SBA Administrator Erskine Bowles responded to my questions about the capability of the SBIC Program to take on the CTIC Program. He pointed to recent legislation reforming the SBIC Program and to SBIC's increasing emphasis on technology development. He also stated that ``SBA could easily modify the existing SBIC Program to establish a dedicated CTIC Program . . . such a program could be operational within 1 year of the enactment of the enabling legislation and program funding.'' Administrator Bowles estimated it would take at least 4 years for another agency to start such a program from scratch. S. 4 was passed out of the Commerce Committee on May 25, 1993, with the CTIC Program under the jurisdiction of the Department of Commerce. I then filed a floor amendment to remedy the problems in the committee version by moving the CTIC Program from the Department of Commerce to the SBA. The Small Business Committee held a hearing on the promotion of critical civilian technology on June 9, 1993. The testimony of the SBIC Program in fostering the development of high technology.
Said by
Larry Pressler
South Dakota

Editor's note · Context

Discussing the SBIC Program and its potential to support the CTIC Program during a floor speech.

Share

More from Larry Pressler

Mar 10, 1994

High-technology jobs are high-wage jobs. I have seen the benefit of the creation of high-technology jobs in my State, but these jobs are still a small percentage of all the jobs created in South Dakota. Despite its small size, I doubt…

govinfo.gov
Feb 3, 1994

Control of weapons of mass destruction, particularly nuclear weapons, is the most critical national security issue facing the United States today. A number of anti-democratic regimes--North Korea, Iran, Iraq, Libya, and Syria--are known to…

govinfo.gov
Apr 12, 1994

last week I had one of the best experiences that a U.S. Senator has. I went home to see my constituents. I know South Dakota may seem far afield to some, but the issues of concern to my State are of concern to the Nation. During my visit…

govinfo.gov
Mar 17, 1994

I have long been a strong advocate of nonproliferation policy. In 1985, Congress enacted the Pressler amendment that prohibits aid to Pakistan unless the President can make a yearly certification that the country does not possess a nuclear…

govinfo.gov

Other voices in this conversation