An Act to amend the Small Business Act and the Small Business Investment Act of 1958 to increase loan authorization and surety bond guarantee authority; and to improve the disaster assistance, certificate of competency and small business set-aside programs, and for other purposes.

[AI summary unavailable — showing source text] Title I: Authorizations and Limitations - Amends the Small Business Investment Act of 1958 to increase the appropriation for surety bond guarantees from $56,500,000 to $71,000,000. Increases from $6,000,000,000 to $8,000,000,000 the amount appropriated for the business loan and investment fund of the Small Business Administration. Increases from $450,000,000 to $525,000,000 the amount appropriated for economic opportunity loans. Increases the funds for small business investment companies from $725,000,000 to $1,100,000,000. Authorizes appropriations and sets program levels for various programs under the Small Business Act for fiscal years 1978 and 1979. Title II: Miscellaneous, Conforming and Technical Amendments - Requires that reports to the President and Congress concerning minority small businesses include: the proportion of loans and other assistance under this Act; the goals of the Administration for the next fiscal year with respect to such concerns: and recommendations for improving assistance. Title III: Amendments to Small Business Administration Loan Authority - Amends the Small Business Act to allow loans to be used for the financing of residential or commercial constru…