[1]: i The other members of the special committee were: Bertram Myron Gross was the Chief of Research and Hearings.

With funding from the Carnegie Foundation of New York, he took responsibility for producing The Fate of Small Business in Nazi Germany, written by A. R. L. Gurland, Otto Kirchheimer and Franz Neumann.

On February 20, 1950, the Select Committee on Small Business was created with approval of Senate Resolution 58 during the 81st Congress.

Since its creation, the committee has held hearings on paperwork reduction and elimination (which eventually led to the Paperwork Reduction Act), capital formation, tax and securities law reform for small business, steel plant shutdowns, and the impact of inflation on governmental actions on the housing industry.

272 during the 82nd Congress, the committee was granted subpoena power, and the ability to "sit and act at such times during the sessions, recesses, and adjourned periods of the Senate."

104, agreed to on April 29, 1976, provided for this new jurisdiction, granting not only authority over small business legislation but additional oversight over the agency as well.

The committee continues to study and survey by means of research and investigation all problems of American small business enterprises, with the intent to provide advice to Congress in enacting appropriate legislation.