BUSINESS DEVELOPMENT OBJECTIVES.

SEC. 204. BUSINESS DEVELOPMENT OBJECTIVES. (a) Program Purposes.— (1) Section 2(c)(2)(B) of the Small Business Act (15 U.S.C. 631(c)(2)(B)) is amended to read as follows: “(B) It is therefore the purpose of the programs authorized by section 7(j) of this Act to— “(i) foster business ownership and development by individuals in groups that own and control little productive capital; and “(ii) promote the competitive viability of such firms in the marketplace by creating a small business and capital ownership development program to provide such available financial, technical, and management assistance as may be necessary.”. (2) Section 2(e)(2) (15 U.S.C. 631(e)(2)) of the Act is amended to read as follows: “(2) It is therefore the purpose of section 8(a) to— “(A) promote the business development of small business concerns owned and controlled by socially and economically disadvantaged individuals so that such concerns can compete on an equal basis in the American economy; “(B) promote the competitive viability of such concerns in the marketplace by providing such available contract, financial, technical, and mangement assistance as may be necessary; and “(C) clarify and expand the program for the procurement by the United States of articles, supplies, services, materials, and construction work from small business concerns owned by socially and economically disadvantaged individuals.”. (b) Technical Amendment.— Section 2(c)(2)(A)(v) of the Act is amended by striking “sole source”.