,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #beea  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bg1 #bjac ,mr4 
,ru% introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,small        
,bus9ess1 & 9 addition to ! ,committees 
on ,f9ancial ,s]vices & ,ov]sight &     
,gov]nm5t ,re=m1 = 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 am5d ! ,small   
,bus9ess ,act to ensure t c]ta9 ,f$]al  
contracts are set aside = small         
bus9esses1 to enhance s]vices to small  
bus9esses t are disadvantag$1 & = o!r   
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,exp&+ ,opportunities =    
,ma9 ,/reet ,act ( #bjac4  ,i ,,small   
,,bus9ess ,,adm9i/ration  #aja4         
,contract opportunities = small bus9ess 
conc]ns  7a7 ,def9itions ,9 ?is         
section--  7#a7 ! t]m eligible contract 
means any contract = ! acquisition (    
goods or s]vices t is 9 an am\nt        

7includ+ options7 ( m ?an #c1jjj & less 
?an #ejj1jjj2 &  7#b7 ! t]m small       
bus9ess conc]n has ! mean+ giv5 t t]m "u
 section #c7;a7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcb7;a774  7b7 ,9 g5]al
 ,not)/&+ any o!r provision ( law1 a    
,f$]al dep>tm5t or ag5cy %all1 to !     
ext5t practicable1 aw>d to a small      
bus9ess conc]n ea* eligible contract let
 by ! dep>tm5t or ag5cy4  7c7 ,sole     
s\rce contracts ,a ,f$]al dep>tm5t or   
ag5cy may aw>d an eligible contract z a 
sole s\rce contract to a small bus9ess  
conc]n if at lea/ #a small bus9ess      
conc]n submits an (f] ) respect to !    
eligible contract4  7d7 ,aw>d to small  
bus9ess n practicable  7#a7 ,9 g5]al ,if
 a contract+ (fic] ( a ,f$]al dep>tm5t  
or ag5cy det]m9es t aw>d+ an eligible   
contract to a small bus9ess conc]n "u   
subsection 7b7 is n practicable1 !      
contract+ (fic] %all make available to !
 ,adm9i/rator ( ! ,small ,bus9ess       
,adm9i/ration & ! public--  7,a7 !      
det]m9ation & reason+ ( su* (fic] )     

respect to ! eligible contract2 &  7,b7 
! "n ( ea* small bus9ess conc]n t       
submitt$ an (f] ) respect to ! eligible 
contract4  7#b7 ,review ,! ,adm9i/rator 
( ! ,small ,bus9ess ,adm9i/ration %all--
  7,a7 review a det]m9ation "u p>agraph 
7#a72 &  7,b7 if ! ,adm9i/rator det]m9es
 x is appropriate1 op5 ! eligible       
contract opportunity = ! submission (   
additional (f]s & aw>d ! contract4      
#ajb4 ,enhancem5t ( s]vices to small    
bus9esses t are disadvantag$  7a7 ,net  
wor? ,section #h7;a77#f77;,a7 ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4           
#fcg7;a77#f77;,a77 is am5d$ by ins]t+   
aft] disadvantag$ individual4 ! foll[+3 
,= purposes ( ?is section1 an individual
 hav+ a net wor? ( m ?an #a1ejj1jjj is n
 economically disadvantag$44  7b7 ,"t   
limit on p>ticipation ,section          
#g7;j77#ae7 ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fcf7;j77#ae77 is am5d$--
  7#a7 by r$esignat+ subp>agraphs 7,a7 &
 7,b7 z clauses 7i7 & 7ii71             
respectively2  7#b7 by ins]t+ 7,a7 aft] 

7#ae72 &  7#c7 by add+ at ! end !       
foll[+3  7,b7 ,no "t limitation relat+  
to ! p]iod t a small bus9ess conc]n may 
receive developm5tal assi/ance "u !     
,program & contracts "u section #h7;a7  
%all apply to a small bus9ess conc]n t  
has n complet$ a contract "u section    
#h7;a74  4  #ajc4 ,bundl$ contracts  7a7
 ,def9itions ,section #c7o7 ( ! ,small  
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7o77 is
 am5d$ to read z foll[s3  7o7           
,def9itions ( bundl+ ( contract         
requirem5ts & relat$ t]ms ,9 ?is ,act3  
7#a7 ,bundl$ contract  7,a7 ,9 g5]al ,! 
t]m bundl$ contract means a contract or 
ord] t is ent]$ into to meet procurem5t 
requirem5ts t are consolidat$ 9 a bundl+
 ( contract requirem5ts1 )\t reg>d to h[
 ! procur+ ag5cy has designat$ !        
contract or ord] or :e!r a /udy ( !     
effects ( ! solicitation on civilian or 
milit>y p]sonnel has be5 made4  7,b7    
,exceptions ,! t]m does n include--  7i7
 a contract or ord] ) an aggregate doll>
 value bel[ ! doll> ?re%old2 or  7ii7 a 

contract or ord] t is ent]$ into to meet
 an exempt$ requirem5t4  7#b7 ,bundl+ ( 
contract requirem5ts  7,a7 ,9 g5]al ,!  
t]m bundl+ ( contract requirem5ts means 
! use ( any bundl+ me?odology to satisfy
 #b or m procurem5t requirem5ts = goods 
or s]vices previ\sly suppli$ or p]=m$ "u
 sep>ate small] contracts or ord]s1 or  
to satisfy #b or m procurem5t           
requirem5ts = con/ruction s]vices ( a   
type hi/orically p]=m$ "u sep>ate small]
 contracts or ord]s1 t is likely to be  
unsuitable = aw>d to a small bus9ess    
conc]n due to--  7i7 ! div]sity1 size1  
or specializ$ nature ( ! elem5ts ( !    
p]=mance specifi$2  7ii7 ! aggregate    
doll> value ( ! anticipat$ aw>d2  7iii7 
! geographical disp]sion ( ! contract or
 ord] p]=mance sites2 or  7iv7 any      
comb9ation ( ! factors describ$ 9       
clauses 7i71 7ii71 & 7iii74  7,b7       
,inclusion ( new features or functions  
,a comb9ation ( contract requirem5ts t  
w\ld meet ! def9ition ( a bundl+ (      
contract requirem5ts b = ! addition ( a 

procurem5t requirem5t ) at lea/ #a new  
good or s]vice %all be consid]$ to be a 
bundl+ ( contract requirem5ts unless !  
new features or functions sub/antially  
trans=m ! goods or s]vices & w provide  
measurably sub/antial b5efits to !      
,f$]al ,gov]nm5t 9 t]ms ( quality1      
p]=mance1 or price4  7,c7 ,exceptions ,!
 t]m bundl+ ( contract requirem5ts does 
n include--  7i7 ! use ( a bundl+       
me?odology = an anticipat$ aw>d ) an    
aggregate doll> value bel[ ! doll>      
?re%old2 or  7ii7 ! use ( a bundl+      
me?odology to meet an exempt$           
requirem5t4  7#c7 ,bundl+ me?odology ,! 
t]m bundl+ me?odology means--  7,a7 a   
solicitation to obta9 (f]s = a s+le     
contract or ord]1 or a multiple aw>d    
contract or ord]2 or  7,b7 a            
solicitation ( (f]s = ! issuance ( a    
task or a deliv]y ord] "u an exi/+ s+le 
or multiple aw>d contract or ord]4  7#d7
 ,sep>ate small] contract ,! t]m sep>ate
 small] contract1 ) respect to bundl+ ( 
contract requirem5ts1 means a contract  

or ord] t has be5 p]=m$ by #a or m small
 bus9ess conc]ns or 0 suitable = aw>d to
 #a or m small bus9ess conc]ns4  7#e7   
,doll> ?re%old ,! t]m doll> ?re%old     
means--  7,a7 #fe1jjj1jjj1 9 ! case ( a 
contract or ord] t is solely =          
con/ruction s]vices2 &  7,b7 #e1jjj1jjj 
= a contract or ord] n describ$ 9       
subp>agraph 7,a74  7#f7 ,exempt$        
requirem5t ,! t]m exempt$ requirem5t    
means a procurem5t requirem5t solely =  
items t are n comm]cial items 7z ! t]m  
comm]cial item is def9$ 9 section #ajc (
 title #da1 ,unit$ ,/ates ,code74  7#g7 
,procurem5t requirem5t ,! t]m procurem5t
 requirem5t means a det]m9ation by a    
,f$]al ag5cy t a specifi$ good or s]vice
 is ne$$ to satisfy ! mission ( ! ,f$]al
 ag5cy4  4  7b7 ,propos$ procurem5t     
requirem5ts ,section #ae7;a7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7;a77  
is am5d$--  7#a7 9 ! ?ird s5t5ce1 by    
/rik+ necess>y & ju/ifi$ & ins]t+       
necess>y & ju/ifi$1 & id5tify+ in=mation
 on ! incumb5t contract hold]s1 a       

description ( ! indu/ries t might be    
int]e/$ 9 bidd+ on ! contract           
requirem5ts1 & ! numb] ( small bus9esses
 li/$ 9 ! indu/ry categories t c\ld be  
exclud$ f future bidd+ if ! contract is 
comb9$ or packag$2 &  7#b7 by /rik+ !   
six? s5t5ce & ins]t+ ! foll[+3 ,:5ev] ! 
,adm9i/ration & ! contract+ procurem5t  
ag5cy fail to agree1 ! ,adm9i/rator may 
review ! propos$ procurem5t or delay !  
solicitation process = n m ?an #aj days 
to make recomm5dations1 & ! matt] %all  
be submitt$ to ! ,director ( ! ,(fice ( 
,managem5t & ,budget to m$iate !        
disagreem5t44  #ajd4 ,f$]al contract+   
goals  7a7 ,increase 9 c]ta9 goals      
,section #ae7;g77#a7 ( ! ,small ,bus9ess
 ,act 7#ae ,u4,s4,c4 #fdd7;g77#a77 is   
am5d$--  7#a7 by /rik+ n less ?an #bc   
p]c5t & ins]t+ n less ?an #be p]c5t2 &  
7#b7 by /rik+ n less ?an #e p]c5t ea*   
place x appe>s & ins]t+ n less ?an #aj  
p]c5t4  7b7 ,limitation on numb] (      
categories = :i* a bus9ess may qualify  
,section #ae7;g7 ( ! ,small ,bus9ess    

,act 7#ae ,u4,s4,c4 #fdd7;g77 is am5d$  
by add+ at ! end ! foll[+3  7#c7 ,a     
,f$]al ag5cy may n include a bus9ess    
conc]n 9 m ?an #b specifi$ categories = 
purposes ( det]m9+ :e!r ! ,f$]al ag5cy  
has met ! ,gov]nm5t-wide goals "u ?is   
subsection = ! aw>d ( contracts to      
bus9ess conc]ns 9 specifi$ categories4  
,9 ?is p>agraph1 ! t]m specifi$ category
 means small bus9ess conc]ns1 small     
bus9ess conc]ns own$ & controll$ by     
s]vice-disabl$ vet]ans1 qualifi$        
,h,u,b,zone small bus9ess conc]ns1 small
 bus9ess conc]ns own$ & controll$ by    
socially & economically disadvantag$    
individuals1 & small bus9ess conc]ns    
own$ & controll$ by wom54  4  #aje4     
,implem5tation ( subcontract+ plans     
,section #h7;d7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcg7;d77 is am5d$ by   
add+ at ! end ! foll[+3  7#ac7 ,9 ! case
 ( any contract conta9+ a subcontract+  
plan includ$ pursuant to p>agraph 7#d7  
or 7#e7--  7,a7 ,! ,adm9i/rator %all    
collaborate ) ! ,f$]al ag5cy aw>d+ !    

contract to develop & include 9 !       
contract a clause provid+ t1 if !       
contractor meets ! p]c5tage goal = !    
utilization ( small bus9ess conc]ns1    
includ+ ^? own$ & controll$ by socially 
& economically disadvantag$ individuals1
 z set =? 9 ! subcontract+ plan1 !      
,f$]al ag5cy may give additional        
consid]ation to contractor4  7,b7 ,!    
,f$]al ag5cy aw>d+ ! contract %all      
require ! contractor to provide writt5  
ju/ification to ! ag5cy :5ev] !         
contractor1 9 p]=m+ ! contract1 does n  
ent] into a subcontract )1 or sub/itutes
 ano!r subcontractor =1 a specific small
 bus9ess conc]n id5tifi$ 9 !            
subcontract+ plan4  7#ad7 ,!            
,adm9i/ration %all e/abli% a telephone  
l9e or o!r electronic means (           
communication ?r\gh :i* a small bus9ess 
conc]n id5tifi$ 9 a subcontract+ plan by
 an (f]or or bidd] may communicate to ! 
,adm9i/ration any conc]ns reg>d+ major  
deviations by prime contractors f ! use 
( small bus9ess conc]ns z subcontractors

 "u ! prime contract z describ$ 9 !     
subcontract+ plan4  4  #ajf4 ,requirem5t
 to consid] use ( small bus9ess conc]ns 
own$ & controll$ by socially &          
economically disadvantag$ individuals :5
 consid]+ pa/ compliance ) subcontract+ 
plans ,section #h7;d7 ( ! ,small        
,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;d77  
is am5d$--  7#a7 9 p>agraph 7#d77;,c71 9
 ! second s5t5ce1 by ins]t+ 1 especially
 compliance ) ! goal set =? 9 su* plans 
= ! utilization ( small bus9ess conc]ns 
own$ & controll$ by socially &          
economically disadvantag$ individuals1  
aft] o!r su* subcontract+ plans2 &  7#b7
 9 p>agraph 7#e77;,b71 9 ! second       
s5t5ce1 by ins]t+ 1 especially          
compliance ) ! goal set =? 9 su* plans =
 ! utilization ( small bus9ess conc]ns  
own$ & controll$ by socially &          
economically disadvantag$ individuals1  
aft] o!r su* subcontract+ plans4  ,,ii  
,,m9ority ,,bus9ess ,,developm5t ,,ag5cy
  #bja4 ,def9itions ,9 ?is title3  7#a7 
,hi/orically disadvantag$ individual ,! 

t]m hi/orically disadvantag$ individual 
means any individual :o is a memb] ( a  
gr\p t is designat$ z eligible to       
receive assi/ance "u section #adjj4a (  
title #ae1 ,code ( ,f$]al ,regulations1 
z 9 effect on ,janu>y #a1 #bjji4  7#b7  
,pr9cipal ,! t]m pr9cipal means any     
p]son t ! ,director det]m9es to ex]cise 
significant control ov] ! regul>        
op]ations ( a bus9ess entity4  7#c7     
,program ,! t]m ,program means !        
,m9ority ,bus9ess ,developm5t ,program  
e/abli%$ "u section #bjb4  #bjb4 ,em]g+ 
m9ority bus9ess developm5t program ,!   
,national ,director ( ! ,m9ority        
,bus9ess ,developm5t ,ag5cy %all e/abli%
 ! ,m9ority ,bus9ess ,developm5t        
,program to assi/ qualifi$ m9ority      
bus9esses4 ,! ,program %all provide to  
su* bus9esses ! foll[+3  7#a7 ,te*nical 
assi/ance "u section #bjd4  7#b7 ,loan  
gu>antees "u section #bjh4  7#c7        
,contract procurem5t assi/ance "u       
section #bje4  #bjc4 ,qualifi$ m9ority  
bus9ess  7a7 ,c]tification ,= purposes (

 ! ,program1 ! ,national ,director ( !  
,m9ority ,bus9ess ,developm5t ,ag5cy may
 c]tify z a qualifi$ m9ority bus9ess any
 entity t satisfies ea* ( ! foll[+3     
7#a7 ,n less ?an #ea p]c5t ( ! entity is
 directly & unconditionally own$ or     
controll$ by hi/orically disadvantag$   
individuals4  7#b7 ,ea* (fic] or o!r    
individual :o ex]cises control ov] !    
regul> op]ations ( ! entity is a        
hi/orically disadvantag$ individual4    
7#c7 ,! net wor? ( ea* pr9cipal ( !     
entity is n great] ?an #b1jjj1jjj4 7,!  
equity ( a disadvantag$ own] 9 a prim>y 
p]sonal resid5ce %all n be consid]$ 9   
?is calculation47  7#d7 ,! pr9cipal     
place ( bus9ess ( ! entity is 9 ! ,unit$
 ,/ates4  7#e7 ,ea* pr9cipal ( ! entity 
ma9ta9s good "* 9 ! det]m9ation ( !     
,national ,director4  7#f7 ,! entity    
engages 9 competitive & bona fide       
comm]cial bus9ess op]ations 9 n less ?an
 "o sector ( indu/ry t has a ,nor?      
,am]ican ,indu/ry ,classification ,sy/em
 code4  7#g7 ,! entity submits reports  

to ! ,national ,director at su* "t1 9   
su* =m1 & conta9+ su* in=mation z !     
,national ,director may require4  7#h7  
,su* o!r requirem5ts z ! ,national      
,director consid]s appropriate4  7b7    
,t]m ( c]tification ,a c]tification "u  
?is section %all be = a t]m ( #e ye>s & 
may n be r5ew$4  #bjd4 ,te*nical        
assi/ance  7a7 ,9 g5]al ,9 c>ry+ out !  
,program1 ! ,national ,director ( !     
,m9ority ,bus9ess ,developm5t ,ag5cy may
 provide to qualifi$ m9ority bus9esses  
te*nical assi/ance ) reg>d to ! foll[+3 
7#a7 ,writ+ bus9ess plans4  7#b7        
,m>ket+4  7#c7 ,managem5t4  7#d7 ,secur+
 suffici5t f9anc+ = bus9ess op]ations4  
7b7 ,contract au?ority ,! ,national     
,director may ent] into agreem5ts )     
p]sons to provide te*nical assi/ance "u 
?is section4  #bje4 ,set-aside contract+
 opportunities  7a7 ,9 g5]al ,!         
,national ,director ( ! ,m9ority        
,bus9ess ,developm5t ,ag5cy may ent]    
into agreem5ts ) ! ,unit$ ,/ates        
,gov]nm5t & any dep>tm5t1 ag5cy1 or     

(fic] !re( hav+ procurem5t p[]s =       
purposes ( provid+ = ! fulfillm5t (     
procurem5t contracts & provid+          
opportunities = qualifi$ m9ority        
bus9esses ) reg>d to su* contracts4  7b7
 ,qualifications on p>ticipation ,!     
,national ,director %all by rule e/abli%
 requirem5ts = p>ticipation "u ?is      
section by a qualifi$ m9ority bus9ess 9 
a contract4  7c7 ,annual limit on numb] 
( contracts p] qualifi$ m9ority bus9ess 
,a qualifi$ m9ority bus9ess may n       
p>ticipate "u ?is section 9 contracts 9 
an am\nt t exce$s #aj1jjj1jjj = goods & 
s]vices ea* fiscal ye>4  7d7 ,limits on 
contract am\nts  7#a7 ,goods & s]vices  
,except z provid$ 9 p>agraph 7#b71 a    
contract = goods & s]vices "u ?is       
section may n exce$ #f1jjj1jjj4  7#b7   
,manufactur+ & con/ruction ,a contract =
 manufactur+ & con/ruction s]vices "u   
?is section may n exce$ #aj1jjj1jjj4    
#bjf4 ,t]m9ation f program ,! ,national 
,director ( ! ,m9ority ,bus9ess         
,developm5t ,ag5cy may t]m9ate a        

qualifi$ m9ority bus9ess f ! ,program = 
any violation ( a requirem5t ( sections 
#bjc ?r\gh #bjf by t qualifi$ m9ority   
bus9ess1 includ+ ! foll[+3  7#a7        
,conduct by a pr9cipal ( ! qualifi$     
m9ority bus9ess t indicates a lack (    
bus9ess integrity4  7#b7 ,willful       
failure to comply ) applicable labor    
/&>ds & obligations4  7#c7 ,consi/5t    
failure to t5d] adequate p]=mance )     
reg>d to contracts "u ! ,program4  7#d7 
,failure to obta9 & ma9ta9 relevant     
c]tifications4  7#e7 ,failure to pay    
out/&+ obligations ow$ to ! ,f$]al      
,gov]nm5t4  #bjg4 ,au?orization (       
appropriations  7a7 ,au?orization (     
,appropriations ,!re are au?oriz$ to be 
appropriat$ #bjj1jjj1jjj to ! ,national 
,director to c>ry out ?is section4 ,su* 
sums %all rema9 available until exp5d$4 
#bjh4 ,loan gu>antees  7a7 ,9 g5]al     
,subject to subsection 7b71 ! ,national 
,director ( ! ,m9ority ,bus9ess         
,developm5t ,ag5cy may gu>antee up to   
#ij p]c5t ( ! am\nt ( a loan made to a  

qualifi$ m9ority bus9ess to be us$ =    
bus9ess purposes1 includ+ ! foll[+3     
7#a7 ,pur*as+ ess5tial equipm5t4  7#b7  
,payroll exp5ses4  7#c7 ,pur*as+        
facilities4  7#d7 ,r5ovat+ facilities4  
7b7 ,t]ms & conditions  7#a7 ,9 g5]al ,!
 ,national ,director may make gu>antees 
"u ?is section = projects on su* t]ms & 
conditions z ! ,national ,director      
det]m9es appropriate1 aft] consultation 
) ! ,secret>y ( ! ,treasury1 9          
accordance ) ?is section4  7#b7         
,repaym5t ,no gu>antee %all be made "u  
?is section unless ! ,national ,director
 det]m9es t !re is reasonable prospect (
 repaym5t ( ! pr9cipal & int]e/ on !    
obligation by ! borr[]4  7#c7 ,defaults 
7,a7 ,paym5t by national director  7i7  
,9 g5]al ,if a borr[] defaults on !     
obligation 7z def9$ 9 regulations       
promulgat$ by ! ,national ,director &   
specifi$ 9 ! gu>antee contract71 ! hold]
 ( ! gu>antee %all h ! "r to dem& paym5t
 ( ! unpaid am\nt f ! ,national         
,director4  7ii7 ,paym5t requir$ ,)9 su*

 p]iod z may be specifi$ 9 ! gu>antee or
 relat$ agreem5ts1 ! ,national ,director
 %all pay to ! hold] ( ! gu>antee !     
unpaid int]e/ on1 & unpaid pr9cipal ( ! 
obligation z to :i* ! borr[] has        
default$1 unless ! ,national ,director  
f9ds t !re 0 no default by ! borr[] 9 ! 
paym5t ( int]e/ or pr9cipal or t !      
default has be5 rem$i$4  7iii7 ,=be>ance
 ,no?+ 9 ?is p>agraph precludes any     
=be>ance by ! hold] ( ! obligation = !  
b5efit ( ! borr[] :i* may be agre$ ^u by
 ! p>ties to ! obligation & approv$ by !
 ,director4  7,b7 ,subrogation  7i7 ,9  
g5]al ,if ! ,national ,director makes a 
paym5t "u subp>agraph 7,a71 ! ,national 
,director %all be subrogat$ to ! rights 
( ! recipi5t ( ! paym5t z specifi$ 9 !  
gu>antee or relat$ agreem5ts includ+1   
:]e appropriate1 ! au?ority 7not)/&+ any
 o!r provision ( law7 to--  7,i7        
complete1 ma9ta91 op]ate1 lease1 or     
o!rwise dispose ( any prop]ty acquir$   
pursuant to su* gu>antee or relat$      
agreem5ts2 or  7,,ii7 p]mit ! borr[]1   

pursuant to an agreem5t ) ! ,national   
,director1 to cont9ue to pursue !       
purposes ( ! project if ! ,national     
,director det]m9es ?is to be 9 ! public 
int]e/4  7ii7 ,sup]iority ( rights ,!   
rights ( ! ,national ,director1 )       
respect to any prop]ty acquir$ pursuant 
to a gu>antee or relat$ agreem5ts1 %all 
be sup]ior to ! rights ( any o!r p]son )
 respect to ! prop]ty4  7iii7 ,t]ms &   
conditions ,a gu>antee agreem5t %all    
include su* detail$ t]ms & conditions z 
! ,national ,director det]m9es          
appropriate to--  7,i7 protect ! int]e/s
 ( ! ,unit$ ,/ates 9 ! case ( default2 &
  7,,ii7 h available all ! pat5ts &     
te*nology necess>y = any p]son select$1 
includ+ ! ,national ,director1 to       
complete & op]ate ! project4  7,c7      
,paym5t ( pr9cipal & int]e/ by national 
director ,) respect to any obligation   
gu>ante$ "u ?is section1 ! ,national    
,director may ent] into a contract to   
pay1 & pay1 hold]s ( ! obligation1 = &  
on behalf ( ! borr[]1 f funds           

appropriat$ = t purpose1 ! pr9cipal &   
int]e/ paym5ts :i* become due & payable 
on ! unpaid balance ( ! obligation if ! 
,national ,director f9ds t--  7i7 7,i7 !
 borr[] is unable to meet ! paym5ts & is
 n 9 default2  7,,ii7 x is 9 ! public   
int]e/ to p]mit ! borr[] to cont9ue to  
pursue ! purposes ( ! project2 &        
7,,iii7 ! probable net b5efit to !      
,f$]al ,gov]nm5t 9 pay+ ! pr9cipal &    
int]e/ w be great] ?an t :i* w\ld result
 9 ! ev5t ( a default2  7ii7 ! am\nt ( !
 paym5t t ! ,national ,director is      
au?oriz$ to pay %all be no great] ?an ! 
am\nt ( pr9cipal & int]e/ t ! borr[] is 
obligat$ to pay "u ! agreem5t be+       
gu>ante$2 &  7iii7 ! borr[] agrees to   
reimburse ! ,national ,director = !     
paym5t 7includ+ int]e/7 on t]ms &       
conditions t are satisfactory to !      
,national ,director4  7,d7 ,action by   
attorney g5]al  7i7 ,notification ,if ! 
borr[] defaults on an obligation1 !     
,national ,director %all notify !       
,attorney ,g5]al ( ! default4  7ii7     

,recov]y ,on notification1 ! ,attorney  
,g5]al %all take su* action z is        
appropriate to recov] ! unpaid pr9cipal 
& int]e/ due f--  7,i7 su* assets ( !   
default+ borr[] z are associat$ ) !     
obligation2 or  7,,ii7 any o!r security 
pl$g$ to secure ! obligation4  7#d7     
,fees  7,a7 ,9 g5]al ,! ,national       
,director %all *>ge & collect fees =    
gu>antees 9 am\nts ! ,national ,director
 det]m9es are suffici5t to cov]         
applicable adm9i/rative exp5ses1 n to   
exce$ #a p]c5t ( ! am\nt gu>ante$4  7,b7
 ,availability ,fees collect$ "u ?is    
p>agraph %all--  7i7 be deposit$ by !   
,national ,director into ! ,treasury2 & 
7ii7 rema9 available until exp5d$1      
subject to su* o!r conditions z are     
conta9$ 9 annual appropriations ,acts4  
7c7 ,cr$it requirem5ts ,to receive a    
loan gu>ante$ "u ?is section a qualifi$ 
m9ority bus9ess %all--  7#a7 be 9 good  
/&+ ) reg>d to ! cr$it ( t bus9ess 9 !  
det]m9ation ( ! ,national ,director2    
7#b7 h receiv$ te*nical assi/ance "u    

section #bjd2 &  7#c7 submit reports1 at
 su* "t1 9 su* =m1 & conta9+ su*        
in=mation z ! ,national ,director may   
require reg>d+ ! cr$it ( ! bus9ess4  7d7
 ,limits on gu>antee am\nts  7#a7       
,maximum am\nt ( gu>antee ,! ,national  
,director may n gu>antee m ?an #dej1jjj 
( any loan "u ?is section4  7#b7        
,maximum gross loan am\nt ,a loan       
gu>ante$ "u ?is section may n be = a    
gross loan am\nt 9 excess ( #ejj1jjj4   
7e7 ,au?orization ( appropriations ,!re 
are au?oriz$ to be appropriat$ to !     
,national ,director n m ?an #ejj1jjj1jjj
 to c>ry out ?is section dur+ fiscal    
ye>s #bjad ?r\gh #bjai4  #bji4 ,reports 
7a7 ,report ( ! director ,n lat] ?an    
,octob] #a1 #bjab1 & annually !reaft]1 !
 ,national ,director ( ! ,m9ority       
,bus9ess ,developm5t ,ag5cy %all submit 
to ! ,committee on ,comm]ce1 ,sci5ce1 & 
,transportation ( ! ,s5ate & !          
,committee on ,en]gy & ,comm]ce ( !     
,h\se ( ,repres5tatives a report        
describ+ ! activities ( ! ,national     

,director dur+ ! prec$+ ye> ) respect to
 ! ,program4  7b7 ,report ( ! secret>y (
 comm]ce ,n lat] ?an ,octob] #a1 #bjab1 
& annually !reaft]1 ! ,secret>y (       
,comm]ce %all submit to ! ,committee on 
,comm]ce1 ,sci5ce1 & ,transportation ( !
 ,s5ate & ! ,committee on ,en]gy &      
,comm]ce ( ! ,h\se ( ,repres5tatives a  
report describ+ ! activities ! ,secret>y
 engag$ 9 dur+ ! prec$+ ye> to build    
weal? among hi/orically disadvantag$    
individuals4  #baj4 ,m9ority bus9ess    
developm5t ag5cy database ,n lat] ?an   
#ij days aft] ! date ( ! enactm5t ( ?is 
,act1 ! ,national ,director ( ! ,m9ority
 ,bus9ess ,developm5t ,ag5cy %all       
e/abli% a database to assi/ prime       
contractors 9 id5tify+ hi/orically      
disadvantag$ firms = subcontract+4