A bill to amend the Small Business Act, as amended, and the Concessions Policy Act of 1965.

[AI summary unavailable — showing source text] Amends the Small Business Act to encourage the Administration to make loans to enable small business concerns to obtain contracts and permits to operate concessions within any area of the National Park System. Directs the Secretary of the Interior to establish by regulations, published within 180 days after enactment of this Act, policies and procedures to insure that small business concerns are given a reasonable opportunity to complete for the operation of such concessions. Requires the Secretary to make an annual report to the President and Congress summarizing contracts, permits, renewals and extensions issued during the preceding year and setting forth the actions taken by the Secretary to implement this Act. Amends the Concessions Policy Act to direct the Secretary to review franchise and other fees paid by concessions at least every three years. Provides for arbitration in the case where a concessioner disagrees with the revision of franchise fees. Makes provisions to insure full and open competition for operation of concessions. Requires the Secretary to publish his intent to enter into such concession contracts and to describe the manner in which the facilities conform wit…