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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 Commerce’s 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