13 CFR 307.1

§ 307.1 Purpose.

United States · 13 CFR — Business Credit and Assistance · Status: effective

Cite this

Citation: 13 CFR 307.1, § 307.1 Purpose, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/53219
Permanent ID: ys:prov:53219@1
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Full text

The purpose of Economic Adjustment Assistance Investments is to address the needs of communities experiencing adverse economic changes that may occur suddenly or over time, including those caused by: (a) Military base closures or realignments, defense contractor reductions in force, or U.S. Department of Energy defense-related funding reductions; (b) Federally Declared Disaster; (c) International trade; (d) Long-term economic deterioration; (e) Loss of a major community employer; or (f) Loss of manufacturing jobs.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.