COMPETES Reauthorization Act: Federal Loan Guarantees for Innovative Technologies in Manufacturing
GAO-13-717R
Published: Jul 24, 2013. Publicly Released: Jul 24, 2013.
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Highlights
What GAO Found
Why GAO Did This Study
The America COMPETES Reauthorization Act of 2010 directed the Secretary of the Department of Commerce to establish the Federal Loan Guarantees for Innovative Technologies in Manufacturing program. This program is to provide loan guarantees for small- or medium-sized manufacturers for the use or production of innovative technologies. The act also mandated that GAO conduct a biennial review of the execution of the program and submit a report on the review conducted to Congress. GAO examined the status of Commerces efforts to execute the program.
Recommendations
This report contains no recommendations.
For more information, please contact Frank Rusco at (202) 512-3841 or ruscof@gao.gov.
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Topics
Economic developmentFederal fundsLoansTechnologyAuditing standardsBudgetsFederal aid programsGovernment guaranteed loansManufacturing industryPublic assistance programsTechnical assistance