,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bdgd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bj1 #bjac ,mr4 
,ri*mond 7= himself1 ,ms4 ,br[n (       
,florida1 ,ms4 ,jackson ,lee1 ,mr4      
,payne1 ,mr4 ,crd5as1 ,mr4 ,ru%1 ,mr4   
,c>son ( ,indiana1 ,mr4 ,eny>t1 ,mr4    
,?ompson ( ,mississippi1 ,ms4 ,*u1 ,mr4 
,clay1 ,mr4 ,lewis1 & ,ms4 ,cl>ke7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committees on ,small    
,bus9ess & ,education & ! ,work=ce1 = a 
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
transf] funds to ! ,community           
,developm5t ,f9ancial ,in/itutions ,fund
 to increase ! availability ( cr$it =   
small bus9esses1 to improve !           
micro5t]prise te*nical assi/ance &      
capacity build+ grant program1 to       
e/abli% an ,(fice ( ,y\? ,entrepr5eur%ip
 9 ! ,small ,bus9ess ,adm9i/ration1 & = 

o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,community ,l5d+ &     
,small ,bus9ess ,jobs ,act ( #bjac4  ,i 
,small ,bus9ess ,leg-,up ,act ( #bjac   
#aja4 ,%ort title ,?is title may be cit$
 z ! ,small ,bus9ess ,l5d+ to           
,entrepr5eurs = ,gr[? 9 ,und]s]v$       
,populations ,act ( #bjac or ! ,small   
,bus9ess ,leg-,up ,act ( #bjac4  #ajb4  
,f9d+s ,! ,congress f9ds ! foll[+3  7#a7
 ,families & small bus9esses 9 "u-s]v$  
areas h = g5]ations be5 unable to access
 af=dable cr$it4  7#b7 ,! f9ancial      
crisis ( #bjjh only s]v$ to exac]bate   
ef=ts by entrepr5eurs to access capital 
= ! purpose ( creat+ jobs & improv+     
economic outcomes 9 ! community4  7#c7  
,small bus9ess inve/m5ts revitalize     
communities by creat+ jobs b also       
contribut+ to ! local tax base1 :i*     
helps f9ance inve/m5ts 9 s*ools1        
hospitals1 infra/ructure1 & public      
safety4  7#d7 ,! ,community ,developm5t 
,f9ancial ,in/itutions ,fund is well    
plac$ to make c>eful1 t>get$ inve/m5ts 9

 community developm5t f9ancial          
in/itutions = ! purposes ( improv+      
economic outcomes = und]s]v$ families   
across ,am]ica4  7#e7 ,provid+ !        
,community ,developm5t ,f9ancial        
,in/itutions ,fund ) a robu/ capital    
infusion w make effici5t use ( taxpay]  
doll>s1 by lev]ag+ ,f$]al inve/m5t = !  
purpose ( small bus9ess l5d+4  #ajc4    
,transf] ( ,funds f ,small ,bus9ess     
,l5d+ ,fund to ! ,,cdfi ,fund  7a7      
,unobligat$ funds ,on ! date ( !        
expiration ( ! inve/m5t au?ority        
describ$ "u section #daji7;a7 ( ! ,small
 ,bus9ess ,jobs ,act ( #bjaj1 !         
,secret>y %all transf] all unobligat$   
funds 9 ! ,small ,bus9ess ,l5d+ ,fund to
 ! ,community ,developm5t ,f9ancial     
,in/itutions ,fund4  7b7 ,proce$s       
,section #dajc7;b77#c7 ( ! ,small       
,bus9ess ,jobs ,act ( #bjaj is am5d$ to 
read z foll[s3  7#c7 ,proce$s transf]r$ 
to ,,cdfi ,fund ,all funds receiv$ by ! 
,secret>y 9 connection ) pur*ases made  
pursuant to p>agraph 7#a71 includ+      

pr9cipal1 int]e/ paym5ts1 divid5d       
paym5ts1 & proce$s f ! sale ( any       
f9ancial in/rum5t1 %all be transf]r$ to 
! ,community ,developm5t ,f9ancial      
,in/itutions ,fund4  4  #ajd4 ,small    
,bus9ess ,capital ,inve/m5t ,program    
7a7 ,9 g5]al ,! ,riegle ,community      
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid is am5d$ by ins]t+ aft]    
section #ajh ! foll[+3  #ajh;,a4 ,small 
,bus9ess ,capital ,inve/m5t ,program to 
increase cr$it availability = small     
bus9esses  7a7 ,small ,bus9ess ,revolv+ 
,loan ,program  7#a7 ,9 g5]al ,us+      
am\nts describ$ "u subsection 7b71 !    
,adm9i/rator %all c>ry out a ,small     
,bus9ess ,capital ,inve/m5t ,program    
7,program7 to make capital inve/m5ts 9  
eligible community developm5t f9ancial  
in/itutions 9 ord] to increase !        
availability ( cr$it = small bus9esses4 
7#b7 ,/ructure ( ! ,program ,to ! ext5t 
practicable1 ! ,adm9i/rator %all c>ry   
out ! ,program 9 ! same mann] z ! ,small
 ,bus9ess ,l5d+ ,fund ,program au?oriz$ 

"u section #dajc7;a77#b7 ( ! ,small     
,bus9ess ,jobs ,act ( #bjaj1 except t-- 
7,a7 all funds receiv$ by ! ,adm9i/rator
 9 connection ) pur*ases made "u !      
,program1 includ+ pr9cipal1 int]e/      
paym5ts1 divid5d paym5ts1 & proce$s f ! 
sale ( any f9ancial in/rum5t1 %all be   
deposit$ into ! ,fund2  7,b7 eligible   
community developm5t f9ancial           
in/itutions may apply to receive a      
capital inve/m5t f ! ,fund 9 an am\nt n 
exce$+ #aj p]c5t ( total assets1 or su* 
o!r p]c5tage z ! ,adm9i/rator det]m9es  
to be appropriate2 &  7,c7 ! au?ority to
 make capital inve/m5ts 9 eligible      
community developm5t f9ancial           
in/itutions %all cont9ue s long z am\nts
 describ$ "u subsection 7b7 are         
available to make su* inve/m5ts4  7b7   
,fund+  7#a7 ,9 g5]al ,not)/&+ any o!r  
provision ( ?is ,act1 am\nts deposit$   
into ! ,fund pursuant to section #d7;a7 
( ! ,small ,bus9ess ,leg-,up ,act (     
#bjac1 section #dajc7;b77#c7 ( ! ,small 
,bus9ess ,jobs ,act ( #bjaj1 or         

subsection 7a77#b77;,a7 %all only be    
available to c>ry out ! ,program        
e/abli%$ "u subsection 7a74  7#b7       
,adm9i/ration co/s ,int]e/ paym5ts      
receiv$ "u subsection 7a77#b77;,a7 may  
be us$ to pay = ! adm9i/rative co/s (   
c>ry+ out ! ,program4  7#c7             
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to !         
,adm9i/rator #d1jjj1jjj to c>ry out !   
,program4  7c7 ,rulemak+ ,! ,adm9i/rator
 may issue su* regulations z !          
,adm9i/rator det]m9es to be appropriate 
to c>ry out ?is section4  7d7 ,eligible 
community developm5t f9ancial in/itution
 def9$ ,= purposes ( ?is section1 ! t]m 
eligible community developm5t f9ancial  
in/itution means a community developm5t 
f9ancial in/itution ) assets (          
#aj1jjj1jjj1jjj or less1 z report$ 9    
audit$ f9ancial /atem5ts4  4  7b7       
,te*nical am5dm5t ,! table ( cont5ts = !
 ,riegle ,community ,developm5t &       
,regulatory ,improvem5t ,act ( #aiid is 
am5d$ by ins]t+ aft] ! item relat+ to   

section #ajh ! foll[+ new item3  ,sec4  
#ajh;,a4 ,small ,bus9ess ,capital       
,inve/m5t ,program to increase cr$it    
availability = small bus9esses4  4  ,,ii
 ,micro5t]prise & ,y\? ,entrepr5eur%ip  
,developm5t ,act ( #bjac  #bja4 ,%ort   
title ,?is title may be cit$ z !        
,micro5t]prise & ,y\? ,entrepr5eur%ip   
,developm5t ,act ( #bjac4  #bjb4        
,micro5t]prise ,te*nical ,assi/ance &   
,capacity ,build+ ,program  7a7         
,def9itions ,section #agb7e7 ( ! ,riegle
 ,community ,developm5t & ,regulatory   
,improvem5t ,act ( #aiid 7#ae ,u4,s4,c4 
#fija7e77 is am5d$--  7#a7 9 subp>agraph
 7,b7 by /rik+ or at ! end2  7#b7 9     
subp>agraph 7,c7 by /rik+ ! p]iod at !  
end & ins]t+ 2 or2 &  7#c7 by add+ at ! 
end ! foll[+3  7,d7 an entrepr5eur t    
op]ates a bus9ess or int5ds to op]ate a 
bus9ess 9 an inve/m5t area 7z su* t]m is
 def9$ 9 section #ajc7af7 ( ?is ,act74  
4  7b7 ,uses ( assi/ance ,section #agd (
 ! ,riegle ,community ,developm5t &     
,regulatory ,improvem5t ,act ( #aiid    

7#ae ,u4,s4,c4 #fijc7 is am5d$--  7#a7 9
 p>agraph 7#c7 by /rik+ & at ! end2     
7#b7 by r$esignat+ p>agraph 7#d7 z      
p>agraph 7#e72 &  7#c7 by ins]t+ aft]   
p>agraph 7#c7 ! foll[+3  7#d7 to        
adv]tise 9 pr9t1 electronic1 & o!r m$ia 
! tra9+ & te*nical assi/ance provid$ "u 
p>agraph 7#a72 &  4  7c7 ,t>get$        
assi/ance ,section #agf7;b7 ( ! ,riegle 
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ae ,u4,s4,c4 
#fije7;b77 is am5d$ by /rik+ #ej p]c5t &
 ins]t+ #fj p]c5t4  7d7 ,mat*+          
requirem5ts ,section #agg7;c7 ( !       
,riegle ,community ,developm5t &        
,regulatory ,improvem5t ,act ( #aiid    
7#ae ,u4,s4,c4 #fijf7;c77 is am5d$ by   
add+ at ! end ! foll[+3  7#c7           
,consid]ation ,9 det]m9+ :e!r to r$uce  
or elim9ate mat*+ requirem5ts "u        
p>agraph 7#a71 ! ,adm9i/rator %all      
consid] ! impact ( ! economic crisis (  
#bjjg ?r\gh #bjji on ! geographic area 9
 :i* an applicant op]ates4  4  7e7      
,report ,n lat] ?an #ahj days aft] !    

date ( enactm5t ( ?is ,act1 !           
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration %all submit to !          
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives & ! ,committee on     
,small ,bus9ess & ,entrepr5eur%ip ( !   
,s5ate a report describ+ recomm5dations 
= improv+ ! application & grant mak+    
process ( ! micro5t]prise te*nical      
assi/ance & capacity build+ grant       
program 7c>ri$ out "u subtitle ,c (     
title ,i ( ! ,riegle ,community         
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid71 includ+ recomm5dations1  
develop$ 9 consultation ) /akehold]s1 = 
/reaml9+ ! application & grant mak+     
process ( t program4  7f7 ,micro5t]prise
 coord9ator  7#a7 ,e/abli%m5t ,n lat]   
?an #a ye> aft] ! date ( enactm5t ( ?is 
,act1 ! ,adm9i/rator %all e/abli% 9 !   
,small ,bus9ess ,adm9i/ration ! position
 ( ,micro5t]prise ,coord9ator4  7#b7    
,duties ,! ,micro5t]prise ,coord9ator   
%all--  7,a7 "w to ensure t !           
contributions ( micro5t]prises to !     

economy are maximiz$2  7,b7 "w to       
enhance1 support1 & coord9ate ! programs
 ( ! ,f$]al ,gov]nm5t provid+ assi/ance 
to micro5t]prises1 includ+ ,f$]al       
te*nical assi/ance programs2  7,c7 "w to
 ensure t und]s]v$ entrepr5eurs are     
includ$ 9 ! programs ( ! ,f$]al         
,gov]nm5t provid+ assi/ance to          
micro5t]prises2  7,d7 make available to 
! public annually a compreh5sive li/ &  
description ( ea* ,f$]al program t      
provides assi/ance to micro5t]prises2 & 
7,e7 enc\rage public-private p>tn]%ips t
 support entrepr5eur%ip4  7#c7          
,micro5t]prise def9$ ,9 ?is subsection1 
! t]m micro5t]prise has ! mean+ giv5 t  
t]m 9 section #agb7aj7 ( ! ,riegle      
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ae ,u4,s4,c4 
#fija7aj774  #bjc4 ,(fice ( ,y\?        
,entrepr5eur%ip  7a7 ,e/abli%m5t ,n lat]
 ?an #a ye> aft] ! date ( enactm5t ( ?is
 ,act1 ! ,adm9i/rator ( ! ,small        
,bus9ess ,adm9i/ration %all e/abli% an  
,(fice ( ,y\? ,entrepr5eur%ip 79 ?is    

section ref]r$ to z ! ,(fice7 9 ! ,small
 ,bus9ess ,adm9i/ration4  7b7 ,director 
,! ,adm9i/rator %all appo9t a ,director 
( ,y\? ,entrepr5eur%ip 79 ?is section   
ref]r$ to z ! ,director7 to s]ve z !    
head ( ! ,(fice4  7c7 ,duties ,!        
,director %all--  7#a7 c>ry out ! y\?   
entrepr5eur%ip te*nical assi/ance grant 
program describ$ 9 subsection 7d72  7#b7
 c>ry out ! y\? entrepr5eur%ip          
curriculum grant program describ$ 9     
subsection 7e72  7#c7 promote ! gr[? (  
y\? entrepr5eur%ip by e/abli%+          
public-private p>tn]%ips & c>ry+ out    
adv]tis+ campaigns2  7#d7 sponsor &     
support ,/ate & national y\?            
entrepr5eur%ip competitions t raise     
aw>5ess ( ! importance ( small bus9ess  
developm5t2  7#e7 /udy & promote ,f$]al 
activities t support entrepr5eur%ip     
education2 &  7#f7 support ! e/abli%m5t 
( public & private y\? entrepr5eur%ip   
education & m5tor+ opportunities4  7d7  
,y\? entrepr5eur%ip te*nical assi/ance  
grant program ,! ,director %all e/abli% 

a program "u :i* ! ,director may make   
grants to assi/ entities1 includ+       
nonpr(it micro5t]prise developm5t       
organizations1 to provide individuals "u
 #be ye>s ( age ) te*nical assi/ance    
relat$ to entrepr5eur%ip4  7e7 ,y\?     
entrepr5eur%ip curriculum grant program 
7#a7 ,9 g5]al ,! ,director %all e/abli% 
a program "u :i* ! ,director may make   
grants to a cov]$ entity to assi/ !     
developm5t1 improvem5t1 or implem5tation
 ( a y\? entrepr5eur%ip curriculum t    
includes in=mation on ! topics (--  7,a7
 secur+ capital & borr[+2  7,b7 bus9ess 
plan conception & draft+2  7,c7 acc\nt+2
  7,d7 managem5t2 &  7,e7 m>ket+4  7#b7 
,application process ,to be eligible = a
 grant describ$ 9 p>agraph 7#a71 a cov]$
 entity %all submit to ! ,director an   
application at su* "t1 9 su* mann]1 &   
conta9+ su* in=mation z ! ,director may 
require1 except t ! application %all    
include at lea/--  7,a7 a description ( 
! curriculum to be develop$1 improv$1 or
 implem5t$2  7,b7 a description ( h[    

grant funds w be us$2  7,c7 a           
description ( goals relat+ to ! use (   
grant funds & ! curriculum to be        
develop$1 improv$1 or implem5t$2 &  7,d7
 a description ( h[ progress w be       
measur$ ) respect to ! goals describ$ 9 
subp>agraph 7,c74  7#c7 ,cov]$ entity   
def9$ ,9 ?is subsection1 ! t]m cov]$    
entity means a local educational ag5cy 9
 any ( ! sev]al ,/ates1 ! ,di/rict (    
,columbia1 or a t]ritory or possession (
 ! ,unit$ ,/ates & a local educational  
ag5cy ( a f$]ally recogniz$ ,indian     
tribe4  7f7 ,inve/m5t areas  7#a7 ,9    
g5]al ,! ,director %all ensure t at lea/
 #be p]c5t ( ! am\nts made available to 
c>ry out ! ,(fice ea* fiscal ye> are us$
 to assi/ y\? 9 inve/m5t areas4  7#b7   
,inve/m5t area def9$ ,9 ?is subsection1 
! t]m inve/m5t area has ! mean+ giv5 t  
t]m 9 section #ajc7af7 ( ! ,riegle      
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dgjb7af774  7g7 ,/ud5t loan assi/ance  
,n lat] ?an #ahj days aft] ! date (     

enactm5t ( ?is ,act1 ! ,director1 9     
consultation ) ! ,secret>y ( ,education1
 %all submit to ,congress a report t    
includes detail$ recomm5dations =       
legislation--  7#a7 e/abli%+ a program  
to =give /ud5t loans 9 a mann] t assi/s 
y\? entrepr5eur%ip by mak+ available    
capital = bus9ess =mation2 &  7#b7      
e/abli%+ a program to def] /ud5t loan   
repaym5ts 9 a mann] t assi/s y\?        
entrepr5eur%ip by mak+ available capital
 = bus9ess =mation4  #bjd4 ,,gao /udy & 
report  7a7 ,/udy ,! ,comptroll] ,g5]al 
( ! ,unit$ ,/ates %all conduct a /udy   
on--  7#a7 ! economic impact ( all[+ y\?
 entrepr5eurs to def] /ud5t loan        
repaym5ts to make available capital =   
bus9ess =mation2  7#b7 ! economic impact
 ( increas+ ! p>ticipation ( individuals
 "u #be ye>s ( age 9 ! microloan program
 ( ! ,small ,bus9ess ,adm9i/ration      
7c>ri$ out "u section #g7m7 ( ! ,small  
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m771  
not)/&+ ! limit$ collat]al & =mal       
bus9ess exp]i5ce ( su* individuals2     

7#c7 alt]native me?ods = measur+        
cr$itwor?9ess t may assi/ y\?           
entrepr5eur%ip2 &  7#d7 actions         
,congress %\ld consid] to promote y\?   
entrepr5eur%ip4  7b7 ,report ,n lat] ?an
 #ahj days aft] ! date ( enactm5t ( ?is 
,act1 ! ,comptroll] ,g5]al %all submit  
to ! ,committee on ,small ,bus9ess ( !  
,h\se ( ,repres5tatives & ! ,committee  
on ,small ,bus9ess & ,entrepr5eur%ip ( !
 ,s5ate a report on ! results ( ! /udy  
conduct$ "u subsection 7a74