,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #eehd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,septemb] #ah1 #bjad  
,ms4 ,del,bene 7= h]self1 ,ms4 ,*u1 ,mr4
 ,sean ,patrick ,maloney ( ,new ,york1  
,mrs4 ,negrete ,mc,leod1 ,mr4 ,ru%1 ,ms4
 ,sewell ( ,alabama1 ,ms4 ,norton1 ,mr4 
,maffei1 ,mr4 ,s]rano1 ,mr4 ,pet]s (    
,cali=nia1 & ,ms4 ,br[nley ( ,cali=nia7 
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,small ,bus9ess  ,a    
,,bill  ,to reau?orize ! wom5's bus9ess 
c5t] program ( ! ,small ,bus9ess        
,adm9i/ration1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,wom5's ,small ,bus9ess ,own]%ip ,act ( 
#bjad4  #b4 ,def9ition ,9 ?is ,act--    
7#a7 ! t]ms ,adm9i/ration & ,adm9i/rator
 mean ! ,small ,bus9ess ,adm9i/ration & 
! ,adm9i/rator !re(1 respectively2  7#b7
 ! t]m disability has ! mean+ giv5 t t]m
 9 section #c ( ! ,am]icans )           
,disabilities ,act ( #aiij 7#db         
,u4,s4,c4 #abajb72  7#c7 ! t]m microloan
 program means ! program e/abli%$ "u    

section #g7m7 ( ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fcf7m772  7#d7 ! t]m    
rural small bus9ess conc]n means a small
 bus9ess conc]n locat$ 9 a rural area1 z
 t t]m is def9$ 9 section #acic7;a77#b7 
( ! ,int]nal ,rev5ue ,code ( #aihf2 &   
7#e7 ! t]ms small bus9ess conc]n1 small 
bus9ess conc]n own$ & controll$ by      
vet]ans1 & small bus9ess conc]n own$ &  
controll$ by wom5 h ! mean+s giv5 ^?    
t]ms "u section #c ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcb74  #c4 ,(fice (
 ,wom5's ,bus9ess ,own]%ip ,section     
#bi7;g7 ( ! ,small ,bus9ess ,act 7#ae   
,u4,s4,c4 #fef7;g77 is am5d$--  7#a7 9  
p>agraph 7#b7--  7,a7 9 subp>agraph     
7,b7--  7i7 9 clause 7i71 by /rik+ 89 ! 
areas0 & all t foll[s ?r\gh ! end (     
subclause 7,i71 & ins]t+ ! foll[+3 8to  
address issues conc]n+ ! managem5t1     
op]ations1 manufactur+1 te*nology1      
f9ance1 retail & product sales1         
int]national trade1 ,gov]nm5t contract+1
 & o!r discipl9es requir$ =--  7,i7     
/>t+1 op]at+1 & increas+ ! bus9ess ( a  

small bus9ess conc]n2  2 &  7ii7 9      
clause 7ii71 by /rik+ ,wom5's ,bus9ess  
,c5t] program ea* place t t]m appe>s &  
ins]t+ wom5's bus9ess c5t] program2 &   
7,b7 9 subp>agraph 7,c71 by ins]t+ be=e 
! p]iod at ! end ! foll[+3 1 ! ,national
 ,wom5's ,bus9ess ,c\ncil1 & any        
association ( wom5's bus9ess c5t]s2 &   
7#b7 by add+ at ! end ! foll[+3  7#c7   
,tra9+ ,! ,adm9i/rator may provide      
annual programmatic & f9ancial          
exam9ation tra9+ = wom5's bus9ess       
own]%ip repres5tatives & di/rict (fice  
te*nical repres5tatives ( !             
,adm9i/ration to enable repres5tatives  
to c>ry out _! responsibilities4  7#d7  
,program & transp>5cy improvem5ts ,!    
,adm9i/rator %all maximize ! transp>5cy 
( ! wom5's bus9ess c5t] f9ancial        
assi/ance proposal process & !          
programmatic & f9ancial exam9ation      
process by--  7,a7 provid+ public notice
 ( any ann\ncem5t = f9ancial assi/ance  
"u subsection 7b7 or a grant "u         
subsection 7l72  7,b7 9 ! ann\ncem5t    

describ$ 9 subp>agraph 7,a71 outl9+ aw>d
 & program evaluation crit]ia & describ+
 ! weight+ ( ! crit]ia = f9ancial       
assi/ance "u subsection 7b7 & grants "u 
subsection 7l72 &  7,c7 n lat] ?an #fj  
days aft] ! completion ( a site visit to
 ! wom5's bus9ess c5t] 7:e!r conduct$ = 
an audit1 p]=mance review1 or o!r       
reason71 :5 feasible1 provid+ to ea*    
wom5's bus9ess c5t] a copy ( any site   
visit reports or evaluation reports     
prep>$ by di/rict (fice te*nical        
repres5tatives or (fic]s or employees ( 
! ,adm9i/ration4  4  #d4 ,wom5's        
,bus9ess ,c5t] ,program  7a7 ,wom5's    
,bus9ess ,c5t] f9ancial assi/ance       
,section #bi ( ! ,small ,bus9ess ,act   
7#ae ,u4,s4,c4 #fef7 is am5d$--  7#a7 9 
subsection 7a7--  7,a7 by /rik+ p>agraph
 7#d72  7,b7 by r$esignat+ p>agraphs    
7#b7 & 7#c7 z p>agraphs 7#d7 & 7#e71    
respectively2  7,c7 by ins]t+ aft]      
p>agraph 7#a7 ! foll[+3  7#b7 ! t]m     
association ( wom5's bus9ess c5t]s means
 an organization--  7,a7 t repres5ts n  

less ?an #ea p]c5t ( ! wom5's bus9ess   
c5t]s t p>ticipate 9 a program "u ?is   
section2 &  7,b7 ^: prim>y purpose is to
 repres5t wom5's bus9ess c5t]s2  7#c7 ! 
t]m eligible entity means--  7,a7 a     
private nonpr(it organization2  7,b7 a  
,/ate1 regional1 or local economic      
developm5t organization2  7,c7 a        
developm5t1 cr$it1 or f9ance corporation
 *>t]$ by a ,/ate2  7,d7 a junior or    
community college1 z def9$ 9 section    
#cab7;f7 ( ! ,high] ,education ,act (   
#aife 7#bj ,u4,s4,c4 #ajeh7;f772 or     
7,e7 any comb9ation ( entities li/$ 9   
subp>agraphs 7,a7 ?r\gh 7,d72  2 &  7,d7
 by add+ aft] p>agraph 7#e71 z s        
r$esignat$1 ! foll[+3  7#f7 ! t]m wom5's
 bus9ess c5t] means a project conduct$  
by an eligible entity "u ?is section4  2
  7#b7 9 subsection 7b7--  7,a7 by      
r$esignat+ p>agraphs 7#a71 7#b71 & 7#c7 
z subp>agraphs 7,a71 7,b71 & 7,c71 &    
adju/+ ! m>g9s accord+ly2  7,b7 by /rik+
 ,! ,adm9i/ration & all t foll[s ?r\gh  
#e-ye> projects & ins]t+ ! foll[+3  7#a7

 ,9 g5]al ,! ,adm9i/ration may provide  
f9ancial assi/ance to an eligible entity
 to conduct a project "u ?is section  2 
7,c7 by /rik+ ,! projects %all & ins]t+ 
! foll[+3  7#b7 ,use ( funds ,! project 
%all be design$ to provide tra9+ &      
c\nsel+ t meets ! ne$s ( wom51          
especially socially & economically      
disadvantag$ wom51 & %all  2 &  7,d7 by 
add+ at ! end ! foll[+3  7#c7 ,am\nt (  
f9ancial assi/ance ,! ,adm9i/rator may  
aw>d f9ancial assi/ance "u ?is          
subsection ( n m ?an #bej1jjj p] project
 ye>4  7#d7 ,consultation ) associations
 ( wom5's bus9ess c5t]s ,! ,adm9i/rator 
%all seek advice1 input1 &              
recomm5dations = policy *anges f any    
association ( wom5's bus9ess c5t]s to   
develop--  7,a7 a tra9+ program = ! /aff
 ( wom5's bus9ess c5t]s2 &  7,b7        
recomm5dations to improve ! policies &  
proc$ures = gov]n+ ! g5]al op]ations &  
adm9i/ration ( ! wom5's bus9ess c5t]    
program1 includ+ grant program          
improvem5ts "u subsection 7g77#d74  2   

7#c7 9 subsection 7c7--  7,a7 9 p>agraph
 7#a7 by /rik+ ! recipi5t organization &
 ins]t+ an eligible entity2  7,b7 9     
p>agraph 7#c71 9 ! second s5t5ce1 by    
/rik+ a recipi5t organization & ins]t+  
an eligible entity2  7,c7 9 p>agraph    
7#d7--  7i7 by /rik+ recipi5t (         
assi/ance & ins]t+ eligible entity2     
7ii7 by /rik+ su* organization & ins]t+ 
! eligible entity2 &  7iii7 by /rik+    
recipi5t & ins]t+ eligible entity2 &    
7,d7 by add+ at ! end ! foll[+3  7#e7   
,sep>ation ( project & funds ,an        
eligible entity %all--  7,a7 c>ry out a 
project "u ?is section sep>ately f o!r  
projects1 if any1 ( ! eligible entity2 &
  7,b7 sep>ately ma9ta9 & acc\nt = any  
f9ancial assi/ance "u ?is section4  2   
7#d7 9 subsection 7e7--  7,a7 by /rik+  
applicant organization & ins]t+ eligible
 entity2  7,b7 by /rik+ a recipi5t      
organization & ins]t+ an eligible       
entity2 &  7,c7 by /rik+ site2  7#e7 by 
/rik+ subsection 7f7 & ins]t+ ! foll[+3 
7f7 ,applications & crit]ia = initial   

f9ancial assi/ance  7#a7 ,application   
,ea* eligible entity desir+ f9ancial    
assi/ance "u subsection 7b7 %all submit 
to ! ,adm9i/rator an application t      
conta9s--  7,a7 a c]tification t !      
eligible entity--  7i7 has designat$ an 
executive director or program manag]1 :o
 may be comp5sat$ us+ f9ancial assi/ance
 "u subsection 7b7 or o!r s\rces1 to    
manage ! c5t]2  7ii7 z a condition (    
receiv+ f9ancial assi/ance "u subsection
 7b71 agrees--  7,i7 to receive a site  
visit at ! discretion ( ! ,adm9i/rator z
 "p ( ! f9al selection process2  7,,ii7 
to und]go an annual programmatic &      
f9ancial exam9ation2 &  7,,iii7 to rem$y
 any problems id5tifi$ pursuant to !    
site visit or exam9ation "u subclause   
7,i7 or 7,,ii72 &  7iii7 meets ! acc\nt+
 & report+ requirem5ts e/abli%$ by !    
,director ( ! ,(fice ( ,managem5t &     
,budget2  7,b7 in=mation demon/rat+ t ! 
eligible entity has ! ability & res\rces
 to meet ! ne$s ( ! m>ket to be s]v$ by 
! wom5's bus9ess c5t] = :i* f9ancial    

assi/ance "u subsection 7b7 is s\ght1   
includ+ ! ability to obta9 ! non-,f$]al 
contribution requir$ "u subsection 7c72 
7,c7 in=mation relat+ to ! assi/ance to 
be provid$ by ! wom5's bus9ess c5t] =   
:i* f9ancial assi/ance "u subsection 7b7
 is s\ght 9 ! area 9 :i* ! wom5's       
bus9ess c5t] is locat$2  7,d7 in=mation 
demon/rat+ ! exp]i5ce & effectiv5ess ( !
 eligible entity 9--  7i7 conduct+      
f9ancial1 managem5t1 & m>ket+ assi/ance 
programs1 z describ$ 9 subsection       
7b77#b71 :i* are design$ to tea* or     
upgrade ! bus9ess skills ( wom5 :o are  
bus9ess own]s or pot5tial bus9ess own]s2
  7ii7 provid+ tra9+ & s]vices to a     
repres5tative numb] ( wom5 :o are       
socially & economically disadvantag$2 & 
7iii7 work+ ) res\rce p>tn]s ( !        
,adm9i/ration & o!r entities1 su* z     
univ]sities2 &  7,e7 a #e-ye> plan t    
describes ! ability ( ! wom5's bus9ess  
c5t] = :i* f9ancial assi/ance is s\ght--
  7i7 to s]ve wom5 :o are bus9ess own]s 
or pot5tial bus9ess own]s by conduct+   

tra9+ & c\nsel+ activities2 &  7ii7 to  
provide tra9+ & s]vices to a            
repres5tative numb] ( wom5 :o are       
socially & economically disadvantag$4   
7#b7 ,review & approval ( applications =
 initial f9ancial assi/ance  7,a7 ,9    
g5]al ,! ,adm9i/rator %all--  7i7 review
 ea* application submitt$ "u p>agraph   
7#a71 bas$ on ! in=mation describ$ 9 su*
 p>agraph & ! crit]ia set =? "u         
subp>agraph 7,b7 ( ?is p>agraph2 &  7ii7
 to ! ext5t practicable1 z "p ( ! f9al  
selection process1 conduct a site visit 
to ea* wom5's bus9ess c5t] = :i*        
f9ancial assi/ance "u subsection 7b7 is 
s\ght4  7,b7 ,selection crit]ia  7i7 ,9 
g5]al ,! ,adm9i/rator %all evaluate     
applicants = f9ancial assi/ance "u      
subsection 7b7 9 accordance ) selection 
crit]ia t are--  7,i7 e/abli%$ be=e !   
date on :i* applicants are requir$ to   
submit ! applications2  7,,ii7 /at$ 9   
t]ms ( relative importance2 &  7,,iii7  
publicly available & /at$ 9 ea*         
solicitation = applications = f9ancial  

assi/ance "u subsection 7b7 made by !   
,adm9i/rator4  7ii7 ,requir$ crit]ia ,! 
selection crit]ia = f9ancial assi/ance  
"u subsection 7b7 %all include--  7,i7 !
 exp]i5ce ( ! applicant 9 conduct+      
programs or ongo+ ef=ts design$ to tea* 
or enhance ! bus9ess skills ( wom5 :o   
are bus9ess own]s or pot5tial bus9ess   
own]s2  7,,ii7 ! ability ( ! applicant  
to beg9 a project )9 a m9imum am\nt (   
"t1 z e/abli%$ "u ! program ann\ncem5t  
or by regulation2  7,,iii7 ! ability ( !
 applicant to provide tra9+ & s]vices to
 a repres5tative numb] ( wom5 :o are    
socially & economically disadvantag$2 & 
7,,iv7 ! location = ! wom5's bus9ess    
c5t] propos$ by ! applicant1 includ+    
:e!r ! applicant is locat$ 9 a ,/ate 9  
:i* !re is n a wom5's bus9ess c5t]      
receiv+ fund+ f ! ,adm9i/ration4  7,c7  
,proximity ,if ! pr9cipal place (       
bus9ess ( an applicant = f9ancial       
assi/ance "u subsection 7b7 is locat$   
less ?an #ej miles f ! pr9cipal place ( 
bus9ess ( a wom5's bus9ess c5t] t       

receiv$ funds "u ?is section on or be=e 
! date ( ! application1 ! applicant %all
 n be eligible = ! f9ancial assi/ance1  
unless ! applicant submits a detail$    
writt5 ju/ification ( ! ne$ = an        
additional c5t] 9 ! area 9 :i* !        
applicant is locat$4  7,d7 ,record      
ret5tion ,! ,adm9i/rator %all ma9ta9 a  
copy ( ea* application submitt$ "u ?is  
subsection = n less ?an #g ye>s4  2 &   
7#f7 9 subsection 7m7--  7,a7 by /rik+  
p>agraph 7#c7 & ins]t+ ! foll[+3  7#c7  
,application & approval = r5ewal grants 
7,a7 ,solicitation ( applications ,!    
,adm9i/rator %all solicit applications &
 aw>d grants "u ?is subsection = ! fir/ 
fiscal ye> beg9n+ aft] ! date ( enactm5t
 ( ! ,wom5's ,small ,bus9ess ,own]%ip   
,act ( #bjad1 & e ?ird fiscal ye>       
!reaft]4  7,b7 ,cont5ts ( application   
,ea* eligible entity desir+ a grant "u  
?is subsection %all submit to !         
,adm9i/rator an application t conta9s-- 
7i7 a c]tification t ! applicant--  7,i7
 is an eligible entity2  7,,ii7 has     

designat$ an executive director or      
program manag] to manage ! wom5's       
bus9ess c5t] op]at$ by ! applicant2 &   
7,,iii7 z a condition ( receiv+ a grant 
"u ?is subsection1 agrees--  7aa7 to    
receive a site visit z "p ( ! f9al      
selection process2  7bb7 to submit1 = ! 
#b full fiscal ye>s be=e ! date on :i* !
 application is submitt$1 annual        
programmatic & f9ancial exam9ation      
reports or c]tifi$ copies ( ! compliance
 supplem5tal audits "u ,,omb ,circul>   
,a-#acc ( ! applicant2 &  7cc7 to rem$y 
any problem id5tifi$ pursuant to ! site 
visit or exam9ation "u item 7aa7 or     
7bb72  7ii7 in=mation demon/rat+ t !    
applicant has ! ability & res\rces to   
meet ! ne$s ( ! m>ket to be s]v$ by !   
wom5's bus9ess c5t] = :i* a grant "u ?is
 subsection is s\ght1 includ+ ! ability 
to obta9 ! non-,f$]al contribution      
requir$ "u p>agraph 7#d77;,c72  7iii7   
in=mation relat+ to assi/ance to be     
provid$ by ! wom5's bus9ess c5t] 9 !    
area s]v$ by ! wom5's bus9ess c5t] = :i*

 a grant "u ?is subsection is s\ght2    
7iv7 in=mation demon/rat+ t ! applicant 
has work$ ) res\rce p>tn]s ( !          
,adm9i/ration & o!r entities2  7v7 a    
#c-ye> plan t describes ! ability ( !   
wom5's bus9ess c5t] = :i* a grant "u ?is
 subsection is s\ght--  7,i7 to s]ve    
wom5 :o are bus9ess own]s or pot5tial   
bus9ess own]s by conduct+ tra9+ &       
c\nsel+ activities2 &  7,,ii7 to provide
 tra9+ & s]vices to a repres5tative     
numb] ( wom5 :o are socially &          
economically disadvantag$2 &  7vi7 any  
additional in=mation t ! ,adm9i/rator   
may reasonably require4  7,c7 ,review & 
approval ( applications = grants  7i7 ,9
 g5]al ,! ,adm9i/rator %all--  7,i7     
review ea* application submitt$ "u      
subp>agraph 7,b71 bas$ on ! in=mation   
describ$ 9 su* subp>agraph & ! crit]ia  
set =? "u clause 7ii7 ( ?is subp>agraph2
 &  7,,ii7 at ! discretion ( !          
,adm9i/rator1 & z "p ( ! f9al selection 
process1 conduct a site visit to ea*    
wom5's bus9ess c5t] = :i* a grant "u ?is

 subsection is s\ght4  7ii7 ,selection  
crit]ia  7,i7 ,9 g5]al ,! ,adm9i/rator  
%all evaluate applicants = grants "u ?is
 subsection 9 accordance ) selection    
crit]ia t are--  7aa7 e/abli%$ be=e !   
date on :i* applicants are requir$ to   
submit ! applications2  7bb7 /at$ 9 t]ms
 ( relative importance2 &  7cc7 publicly
 available & /at$ 9 ea* solicitation =  
applications = grants "u ?is subsection 
made by ! ,adm9i/rator4  7,,ii7 ,requir$
 crit]ia ,! selection crit]ia = a grant 
"u ?is subsection %all include--  7aa7 !
 total numb] ( entrepr5eurs s]v$ by !   
applicant2  7bb7 ! total numb] ( new    
/>tup companies assi/$ by ! applicant2  
7cc7 ! p]c5tage ( cli5ts ( ! applicant t
 are socially or economically           
disadvantag$2 &  7dd7 ! p]c5tage (      
individuals 9 ! community s]v$ by !     
applicant :o are socially or            
economically disadvantag$4  7iii7       
,conditions = cont9u$ fund+ ,9 det]m9+  
:e!r to make a grant "u ?is subsection1 
! ,adm9i/rator--  7,i7 %all consid] !   

results ( ! mo/ rec5t evaluation ( !    
wom5's bus9ess c5t] = :i* a grant "u ?is
 subsection is s\ght1 &1 to a less]     
ext5t1 previ\s evaluations2 &  7,,ii7   
may )hold a grant "u ?is subsection1 if 
! ,adm9i/rator det]m9es t ! applicant   
has fail$ to provide ! in=mation requir$
 to be provid$ "u ?is p>agraph1 or !    
in=mation provid$ by ! applicant is     
inadequate4  7,d7 ,notification ,n lat] 
?an #fj days aft] ! date ( ea* deadl9e  
to submit applications1 ! ,adm9i/rator  
%all approve or d5y any application "u  
?is p>agraph & notify ! applicant = ea* 
su* application ( ! approval or d5ial4  
7,e7 ,record ret5tion ,! ,adm9i/rator   
%all ma9ta9 a copy ( ea* application    
submitt$ "u ?is p>agraph = n less ?an #g
 ye>s4  2 &  7,b7 by /rik+ p>agraph 7#e7
 & ins]t+ ! foll[+3  7#e7 ,aw>d to      
previ\s recipi5ts ,!re %all be no       
limitation on ! numb] ( times !         
,adm9i/rator may aw>d a grant to an     
applicant "u ?is subsection4  4  7b7    
,te*nical & con=m+ am5dm5ts ,section #bi

 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fef7 is am5d$--  7#a7 9 subsection    
7h77#b71 by /rik+ to aw>d a contract 7z 
a su/a9ability grant7 "u subsection 7l7 
or2  7#b7 9 subsection 7j77#a71 by /rik+
 ,! ,adm9i/ration & ins]t+ ,n lat] ?an  
,novemb] #a ( ea* ye>1 ! ,adm9i/rator2  
7#c7 9 subsection 7k7--  7,a7 by /rik+  
p>agraphs 7#a7 & 7#d72  7,b7 by         
r$esignat+ p>agraph 7#c7 z p>agraph     
7#d72  7,c7 by ins]t+ be=e p>agraph 7#b7
 ! foll[+3  7#a7 ,9 g5]al ,!re are      
au?oriz$ to be appropriat$ to !         
,adm9i/ration to c>ry out ?is section1  
to rema9 available until exp5d$1        
#bf1gej1jjj = ea* ( fiscal ye>s #bjae   
?r\gh #bjai4  2 &  7,d7 by ins]t+ aft]  
p>agraph 7#b7 ! foll[+3  7#c7 ,cont9u+  
grant & coop]ative agreem5t au?ority    
7,a7 ,prompt disbursem5t ,^u receiv+    
funds to c>ry out ?is section = a fiscal
 ye>1 ! ,adm9i/rator %all1 to ! ext5t   
practicable1 promptly reimburse funds to
 any wom5's bus9ess c5t] aw>d$ f9ancial 
assi/ance "u ?is section if ! c5t] meets

 ! eligibility requirem5ts "u ?is       
section4  7,b7 ,susp5sion or t]m9ation  
,if ! ,adm9i/rator has ent]$ into a     
grant or coop]ative agreem5t ) a wom5's 
bus9ess c5t] "u ?is section1 !          
,adm9i/rator may n susp5d or t]m9ate !  
grant or coop]ative agreem5t1 unless !  
,adm9i/rator--  7i7 provides ! wom5's   
bus9ess c5t] ) writt5 notification sett+
 =? ! reasons = t action2 &  7ii7 af=ds 
! wom5's bus9ess c5t] an opportunity = a
 he>+1 appeal1 or o!r adm9i/rative      
proce$+ "u *apt] #e ( title #e1 ,unit$  
,/ates ,code4  2  7#d7 9 subsection     
7m7--  7,a7 9 p>agraph 7#b71 by /rik+   
subsection 7b7 or 7l7 & ins]t+ ?is      
subsection or subsection 7b72 &  7,b7 9 
p>agraph 7#d77;,d71 by /rik+ or         
subsection 7l72 &  7#e7 by r$esignat+   
subsections 7m71 7n71 & 7o71 z am5d$ by 
?is ,act1 z subsections 7l71 7m71 & 7n71
 respectively4  7c7 ,effect on exi/+    
grants  7#a7 ,t]ms & conditions ,a      
nonpr(it organization receiv+ a grant "u
 section #bi7m7 ( ! ,small ,bus9ess ,act

 7#ae ,u4,s4,c4 #fef7m771 z 9 effect on 
! day be=e ! date ( enactm5t ( ?is ,act1
 %all cont9ue to receive ! grant "u !   
t]ms & conditions 9 effect = ! grant on 
! day be=e ! date ( enactm5t ( ?is ,act1
 except t ! nonpr(it organization may n 
apply = a r5ewal ( ! grant "u section   
#bi7m77#e7 ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fef7m77#e771 z 9 effect on !
 day be=e ! date ( enactm5t ( ?is ,act4 
7#b7 ,l5g? ( r5ewal grant ,!            
,adm9i/rator may aw>d a grant "u section
 #bi7l7 ( ! ,small ,bus9ess ,act1 z s   
r$esignat$ by subsection 7a77#e7 ( ?is  
section1 to a nonpr(it organization     
receiv+ a grant "u section #bi7m7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fef7m771 z 9 effect on ! day be=e !    
date ( enactm5t ( ?is ,act1 = ! p]iod-- 
7,a7 beg9n+ on ! day aft] ! la/ day ( ! 
grant agreem5t "u su* section #bi7m72 & 
7,b7 end+ at ! end ( ! ?ird fiscal ye>  
beg9n+ aft] ! date ( enactm5t ( ?is     
,act4  #e4 ,mat*+ requirem5ts "u wom5's 
bus9ess c5t] program  7a7 ,9 g5]al      

,section #bi7;c7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fef7;c771 z am5d$  
by section #d ( ?is ,act1 is am5d$--    
7#a7 9 p>agraph 7#a71 by /rik+ ,z a     
condition & ins]t+ ,subject to p>agraph 
7#f71 z a condition2 &  7#b7 by add+ at 
! end ! foll[+3  7#f7 ,waiv] (          
non-,f$]al %>e relat+ to te*nical       
assi/ance & c\nsel+  7,a7 ,9 g5]al ,^u  
reque/ by a recipi5t organization1 & 9  
accordance ) ?is p>agraph1 !            
,adm9i/rator may waive1 9 :ole or 9 "p1 
! requirem5t to obta9 non-,f$]al funds  
"u ?is subsection = ! te*nical assi/ance
 & c\nsel+ activities ( ! recipi5t      
organization c>ri$ out us+ f9ancial     
assi/ance "u ?is section = a fiscal ye>4
 ,! ,adm9i/rator may n waive !          
requirem5t = a recipi5t organization to 
obta9 non-,f$]al funds "u ?is p>agraph =
 m ?an a total ( #b consecutive fiscal  
ye>s4  7,b7 ,consid]ations ,9 det]m9+   
:e!r to waive ! requirem5t to obta9     
non-,f$]al funds "u ?is p>agraph1 !     
,adm9i/rator %all consid]--  7i7 !      

economic conditions affect+ ! recipi5t  
organization2  7ii7 ! impact a waiv] "u 
?is clause w\ld h on ! cr$ibility ( !   
wom5's bus9ess c5t] program "u ?is      
section2  7iii7 ! demon/rat$ ability ( !
 recipi5t organization to raise         
non-,f$]al funds2 &  7iv7 ! p]=mance ( !
 recipi5t organization4  7,c7           
,limitation ,! ,adm9i/rator may n waive 
! requirem5t to obta9 non-,f$]al funds  
"u ?is p>agraph if grant+ ! waiv] w\ld  
und]m9e ! cr$ibility ( ! wom5's bus9ess 
c5t] program "u ?is section4  7#g7      
,solicitation ,not)/&+ any o!r provision
 ( law1 a recipi5t organization may--   
7,a7 solicit ca% & 9-k9d contributions f
 private individuals & entities to be   
us$ to c>ry out ! activities ( !        
recipi5t organization "u ! project      
conduct$ "u ?is section2 &  7,b7 use    
am\nts made available by ! ,adm9i/ration
 "u ?is section = ! co/ ( su*           
solicitation & managem5t ( !            
contributions receiv$4  4  7b7          
,regulations  7#a7 ,9 g5]al ,!          

,adm9i/rator %all--  7,a7 except z      
provid$ 9 p>agraph 7#b71 & n lat] ?an #a
 ye> aft] ! date ( enactm5t ( ?is ,act1 
publi% 9 ! ,f$]al ,regi/] propos$       
regulations by ! ,adm9i/rator to c>ry   
out ! am5dm5ts made to section #bi ( !  
,small ,bus9ess ,act by ?is ,act2 &     
7,b7 accept public comm5ts on su*       
propos$ regulations = n less ?an #fj    
days4  7#b7 ,exi/+ propos$ regulations  
,p>agraph 7#a77;,a7 %all n apply to !   
ext5t propos$ regulations by !          
,adm9i/rator h be5 publi%$ on ! date (  
enactm5t ( ?is ,act t are suffici5t to  
c>ry out ! am5dm5ts made to section #bi 
( ! ,small ,bus9ess ,act by ?is ,act4   
#f4 ,/udy & report on economic issues   
fac+ wom5's bus9ess c5t]s  7a7 ,/udy ,! 
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all conduct a broad /udy ( ! unique    
economic issues fac+ wom5's bus9ess     
c5t]s locat$ 9 cov]$ areas to id5tify-- 
7#a7 ! difficulties su* c5t]s face 9    
rais+ non-,f$]al funds2  7#b7 !         
difficulties su* c5t]s face 9 compet+ = 

f9ancial assi/ance1 non-,f$]al funds1 or
 o!r types ( assi/ance2  7#c7 !         
difficulties su* c5t]s face 9 writ+     
grant proposals2 &  7#d7 o!r            
difficulties su* c5t]s face because ( ! 
economy 9 ! type ( cov]$ area 9 :i* su* 
c5t]s are locat$4  7b7 ,report ,n lat]  
?an #a ye> aft] ! date ( enactm5t ( ?is 
,act1 ! ,comptroll] ,g5]al %all submit  
to ,congress a report conta9+ ! results 
( ! /udy "u subsection 7a71 :i* %all    
include recomm5dations1 if any1 reg>d+  
h[ to--  7#a7 address ! unique          
difficulties wom5's bus9ess c5t]s locat$
 9 cov]$ areas face because ( ! type (  
cov]$ area 9 :i* su* c5t]s are locat$2  
7#b7 exp& ! pres5ce (1 & increase !     
s]vices provid$ by1 wom5's bus9ess c5t]s
 locat$ 9 cov]$ areas2 &  7#c7 be/ use  
te*nology & o!r res\rces to bett] s]ve  
wom5 bus9ess own]s locat$ 9 cov]$ areas4
  7c7 ,def9ition ( cov]$ area ,9 ?is    
section1 ! t]m cov]$ area means--  7#a7 
any ,/ate t is pr$om9antly rural1 z     
det]m9$ by ! ,adm9i/rator2  7#b7 any    

,/ate t is pr$om9antly urban1 z det]m9$ 
by ! ,adm9i/rator2 &  7#c7 any ,/ate or 
t]ritory t is an isl&4  #g4 ,/udy &     
report on ov]sight ( wom5's bus9ess     
c5t]s  7a7 ,/udy ,! ,comptroll] ,g5]al (
 ! ,unit$ ,/ates %all conduct a /udy ( !
 ov]sight ( wom5's bus9ess c5t]s by !   
,adm9i/rator1 :i* %all include--  7#a7  
an analysis ( ! coord9ation by !        
,adm9i/rator ( ! activities ( wom5's    
bus9ess c5t]s ) ! activities ( small    
bus9ess developm5t c5t]s1 ! ,s]vice     
,corps ( ,retir$ ,executives1 & ,vet]an 
,bus9ess ,outrea* ,c5t]s2  7#b7 a       
comp>ison ( ! types ( individuals &     
small bus9ess conc]ns s]v$ by wom5's    
bus9ess c5t]s & ! types ( individuals & 
small bus9ess conc]ns s]v$ by small     
bus9ess developm5t c5t]s1 ! ,s]vice     
,corps ( ,retir$ ,executives1 & ,vet]an 
,bus9ess ,outrea* ,c5t]s2 &  7#c7 an    
analysis ( p]=mance data = wom5's       
bus9ess c5t]s t evaluates h[ well wom5's
 bus9ess c5t]s are c>ry+ out ! mission (
 wom5's bus9ess c5t]s & s]v+ individuals

 & small bus9ess conc]ns4  7b7 ,report  
,n lat] ?an #a ye> aft] ! date (        
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al %all submit to ,congress a report
 conta9+ ! results ( ! /udy "u          
subsection 7a71 :i* %all include        
recomm5dations1 if any1 = elim9at+ !    
duplication ( s]vices provid$ by wom5's 
bus9ess c5t]s1 small bus9ess developm5t 
c5t]s1 ! ,s]vice ,corps ( ,retir$       
,executives1 & ,vet]an ,bus9ess ,outrea*
 ,c5t]s4  #h4 ,sole s\rce contracts =   
small bus9ess conc]ns own$ & controll$  
by wom5  7a7 ,9 g5]al ,section #h7m7 ( !
 ,small ,bus9ess ,act 7#ae ,u4,s4,c4    
#fcg7m77 is am5d$ by add+ at ! end !    
foll[+3  7#g7 ,au?ority = sole s\rce    
contracts = economically disadvantag$   
small bus9ess conc]ns own$ & controll$  
by wom5 9 und]repres5t$ indu/ries ,a    
contract+ (fic] may aw>d a sole s\rce   
contract "u ?is subsection to a small   
bus9ess conc]n own$ & controll$ by wom5 
t meets ! requirem5ts "u p>agraph       
7#b77;,a7 if--  7,a7 ! small bus9ess    

conc]n own$ & controll$ by wom5 is 9 an 
indu/ry 9 :i* small bus9ess conc]ns own$
 & controll$ by wom5 are und]repres5t$1 
z det]m9$ by ! ,adm9i/rator2  7,b7 !    
contract+ (fic] det]m9es t ! small      
bus9ess conc]n own$ & controll$ by wom5 
is a responsible contractor ) respect to
 p]=mance ( ! contract opportunity2     
7,c7 ! anticipat$ aw>d price ( !        
contract1 includ+ options1 is n m ?an-- 
7i7 #f1ejj1jjj1 9 ! case ( a contract   
opportunity assign$ a ,nor? ,am]ican    
,indu/ry ,classification ,sy/em code =  
manufactur+2 or  7ii7 #d1jjj1jjj1 9 !   
case ( any o!r contract opportunity2 &  
7,d7 9 ! e/imation ( ! contract+ (fic]1 
! contract aw>d c be made at a fair &   
reasonable price4  7#h7 ,au?ority = sole
 s\rce contracts = small bus9ess conc]ns
 own$ & controll$ by wom5 9 sub/antially
 und]repres5t$ indu/ries ,a contract+   
(fic] may aw>d a sole s\rce contract "u 
?is subsection to a small bus9ess conc]n
 own$ & controll$ by wom5 t meets !     
requirem5ts "u p>agraph 7#b77;,e7 if--  

7,a7 ! small bus9ess conc]n own$ &      
controll$ by wom5 is 9 an indu/ry 9 :i* 
small bus9ess conc]ns own$ & controll$  
by wom5 are sub/antially und]repres5t$1 
z det]m9$ by ! ,adm9i/rator2  7,b7 !    
contract+ (fic] det]m9es t ! small      
bus9ess conc]n own$ & controll$ by wom5 
is a responsible contractor ) respect to
 p]=mance ( ! contract opportunity2     
7,c7 ! anticipat$ aw>d price ( !        
contract1 includ+ options1 is n m ?an-- 
7i7 #f1ejj1jjj1 9 ! case ( a contract   
opportunity assign$ a ,nor? ,am]ican    
,indu/ry ,classification ,sy/em code =  
manufactur+2 or  7ii7 #d1jjj1jjj1 9 !   
case ( any o!r contract opportunity2 &  
7,d7 9 ! e/imation ( ! contract+ (fic]1 
! contract aw>d c be made at a fair &   
reasonable price4  4  7b7 ,report+ on   
goals = sole s\rce contracts = small    
bus9ess conc]ns own$ & controll$ by wom5
 ,section #ae7;h77#b77;,e77viii7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fdd7;h77#b77;,e77viii77 is am5d$--     
7#a7 9 subclause 7,,iv71 by /rik+ & at !

 end2  7#b7 by r$esignat+ subclause 7,v7
 z subclause 7,,viii72 &  7#c7 by ins]t+
 aft] subclause 7,,iv7 ! foll[+3  7,v7  
?r\gh sole s\rce contracts aw>d$ "u     
section #h7m77#g72  7,,vi7 ?r\gh sole   
s\rce contracts aw>d$ "u section        
#h7m77#h72  7,,vii7 by indu/ry =        
contracts describ$ 9 subclause 7,,iii71 
7,,iv71 7,v71 or 7,,vi72 &  4  7c7      
,deadl9e = report on und]repres5t$      
indu/ries accel]at$ ,section #bi7o77#b7 
( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 
#fef7o77#b77 is am5d$--  7#a7 by /rik+  
#e ye>s aft] ! date ( enactm5t ( ?is    
subsection & ins]t+ ,janu>y #b1 #bjae2 &
  7#b7 by /rik+ #e-ye> p]iod & ins]t+   
#b-ye> or #e-ye> p]iod1 z applicable14  
7d7 ,te*nical & con=m+ am5dm5ts ,section
 #h7m7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcg7m77 is am5d$--  7#a7 9   
p>agraph 7#b77;,c71 by /rik+ p>agraph   
7#c7 & ins]t+ p>agraph 7#d72 &  7#b7 9  
p>agraph 7#e71 by /rik+ p>agraph        
7#b77;,f7 ea* place x appe>s & ins]t+   
p>agraph 7#b77;,e74  #i4 ,small bus9ess 

int]m$i>y l5d+ program ,section #g7l7 ( 
! ,small ,bus9ess ,act 7#ae ,u4,s4,c4   
#fcf7l77 is am5d$--  7#a7 9 ! subsection
 head+1 by /rik+ ,pilot2  7#b7 9        
p>agraph 7#a77;,b71 by /rik+ pilot2     
7#c7 9 p>agraph 7#b7--  7,a7 by /rik+   
#c-ye> 2 &  7,b7 by /rik+ pilot2  7#d7 9
 p>agraph 7#d7--  7,a7 by /rik+         
subp>agraph 7,b7 & ins]t+ ! foll[+3     
7,b7 ,loan limits  7i7 ,9 g5]al ,no s+le
 loan to an eligible int]m$i>y "u ?is   
subsection may exce$ #a1jjj1jjj4  7ii7  
,total am\nt ,! total am\nt out/&+ &    
committ$ to an eligible int]m$i>y by !  
,adm9i/rator "u ! ,program may n exce$  
#e1jjj1jjj4  2 &  7,b7 by /rik+         
subp>agraph 7,g7 & ins]t+ ! foll[+3     
7,g7 ,maximum am\nts ,! ,adm9i/rator may
 make loans "u ! ,program--  7i7 dur+   
ea* ( fiscal ye>s #bjae1 #bjaf1 & #bjag1
 9 a total am\nt ( n m ?an #bj1jjj1jjj2 
&  7ii7 dur+ fiscal ye> #bjah & ea*     
fiscal ye> !reaft]1 us+ su* am\nts z are
 made available = ! ,program4  2 &  7#e7
 by /rik+ p>agraph 7#f74  #aj4 ,access  

to capital = small bus9ess conc]ns  7a7 
,microloan program ,section #g7m7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77 is am5d$--  7#a7 9 p>agraph    
7#a77;,b77i71 by /rik+ %ort-t]m12  7#b7 
9 p>agraph 7#c77;,c71 by /rik+          
#e1jjj1jjj & ins]t+ #g1jjj1jjj2  7#c7 9 
p>agraph 7#d7--  7,a7 by /rik+          
subp>agraph 7,e72 &  7,b7 by r$esignat+ 
subp>agraph 7,f7 z subp>agraph 7,e72    
7#d7 9 p>agraph 7#f7--  7,a7 9          
subp>agraph 7,a71 by /rik+ %ort-t]m12 & 
7,b7 by add+ at ! end ! foll[+3  7,f7   
,report to comm]cial cr$it report+      
ag5cies ,! ,adm9i/rator %all e/abli% a  
process "u :i* an int]m$i>y t makes a   
loan to a small bus9ess conc]n "u ?is   
p>agraph %all provide to #a or m ( !    
comm]cial cr$it report+ ag5cies1 ?r\gh !
 ,adm9i/ration or indep5d5tly1 includ+  
?r\gh ?ird p>ty int]m$i>ies1 in=mation  
on ! small bus9ess conc]n t is relevant 
to cr$it report+1 includ+ ! paym5t      
activity ( ! small bus9ess conc]n on !  
loan4  2  7#e7 9 p>agraph 7#g7--  7,a7  

by /rik+ ,program & all t foll[s ?r\gh  
,"u & ins]t+ ! foll[+3 ,numb] (         
p>ticipants4--,"u2 &  7,b7 by /rik+     
subp>agraph 7,b72  7#f7 9 p>agraph 7#h71
 by /rik+ su* int]m$i>ies & all ! foll[s
 ?r\gh ! p]iod at ! end & ins]t+ !      
foll[+3 int]m$i>ies t s]ve a div]sity ( 
geographic areas 9 ! ,unit$ ,/ates to   
ensure appropriate availability ( loans 
= small bus9ess conc]ns 9 all indu/ries 
t are locat$ 9 metropolitan1            
nonmetropolitan1 & rural areas42 &  7#g7
 9 p>agraph 7#aa77;,b71 by /rik+        
%ort-t]m14  7b7 ,gu>antee fee waiv]     
,dur+ fiscal ye> #bjaf1 ! ,adm9i/rator  
may n collect a gu>antee fee "u section 
#g7;a77#ah77;,a77i7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4                     
#fcf7;a77#ah77;,a77i77 ) respect to a   
loan gu>ante$ "u section #g7;a7 ( su*   
,act1 unless am\nts are made available  
to ! ,adm9i/rator to subsidize ! co/ (  
gu>antee+ su* loans = fiscal ye> #bjaf4 
7c7 ,annual report  7#a7 ,9 g5]al ,n    
lat] ?an #a ye> aft] ! date ( enactm5t (

 ?is ,act1 & e ye> !reaft]1 ! ,(fice (  
,capital ,access ( ! ,adm9i/ration %all 
submit to ! ,committee on ,small        
,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & 
! ,committee on ,small ,bus9ess ( !     
,h\se ( ,repres5tatives a report on     
assi/ance provid$ by ! ,adm9i/ration    
"u--  7,a7 section #g7;a7 ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a772 
7,b7 ! microloan program2  7,c7 "p ,a ( 
title ,,iii ( ! ,small ,bus9ess         
,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4   
#fha et seq472 &  7,d7 section #ejb ( ! 
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #fif74  7#b7 ,requirem5t 
,ea* report requir$ "u p>agraph 7#a7    
%all include1 = ! ye> prec$+ ! date on  
:i* ! report is submitt$--  7,a7 = ea*  
type ( assi/ance describ$ "u            
subp>agraphs 7,a71 7,b71 & 7,d7 (       
p>agraph 7#a7--  7i7 ! numb] ( loans    
made by ! ,adm9i/ration2  7ii7 ! total  
am\nt ( loans made by ! ,adm9i/ration2  
7iii7 ! p]c5tage ( ! numb] & total am\nt
 ( loans made by ! ,adm9i/ration to--   

7,i7 rural small bus9ess conc]ns2       
7,,ii7 small bus9ess conc]ns own$ &     
controll$ by individuals ) a disability2
  7,,iii7 small bus9ess conc]ns own$ &  
controll$ by l[-income individuals1     
brok5 d[n by ea* racial or e?nic m9ority
 gr\p ( :i* ^? individuals are memb]s2  
7,,iv7 small bus9ess conc]ns own$ &     
controll$ by vet]ans2  7,v7 small       
bus9ess conc]ns own$ & controll$ by     
wom52 &  7,,vi7 small bus9ess conc]ns   
own$ & controll$ by memb]s ( a racial or
 e?nic m9ority gr\p1 brok5 d[n by ea*   
su* racial or e?nic m9ority gr\p2 &     
7iv7 ! numb] ( jobs creat$ & reta9$ by  
borr[]s z a result ( su* assi/ance2 &   
7,b7 = assi/ance describ$ "u subp>agraph
 7,c7 ( p>agraph 7#a7--  7i7 ! numb] (  
inve/m5ts made by small bus9ess inve/m5t
 companies2  7ii7 ! total am\nt ( equity
 capital provid$ & loans made by small  
bus9ess inve/m5t companies2  7iii7 !    
p]c5tage ( ! numb] ( inve/m5ts & loans  
made & total am\nt ( equity capital     
provid$ by small bus9ess inve/m5t       

companies to--  7,i7 rural small bus9ess
 conc]ns2  7,,ii7 small bus9ess conc]ns 
own$ & controll$ by individuals ) a     
disability2  7,,iii7 small bus9ess      
conc]ns own$ & controll$ by l[-income   
individuals1 brok5 d[n by ea* racial or 
e?nic m9ority gr\p ( :i* ^? individuals 
are memb]s2  7,,iv7 small bus9ess       
conc]ns own$ & controll$ by vet]ans2    
7,v7 small bus9ess conc]ns own$ &       
controll$ by wom52 &  7,,vi7 small      
bus9ess conc]ns own$ & controll$ by     
memb]s ( a racial or e?nic m9ority gr\p1
 brok5 d[n by ea* su* racial or e?nic   
m9ority gr\p2  7iv7 ! numb] ( jobs      
creat$ & reta9$ by small bus9ess conc]ns
 z a result ( inve/m5ts made by small   
bus9ess inve/m5t companies2 &  7v7 !    
numb] ( lic5ses issu$ by ! ,adm9i/ration
 "u section #cja7;c7 ( ! ,small ,bus9ess
 ,inve/m5t ,act 7#ae ,u4,s4,c4          
#fha7;c771 includ+ ! p]c5tage ( lic5ses 
issu$ to entities head$ by a woman or a 
memb] ( a racial or e?nic m9ority1      
respectively4  #aa4 ,s5se ( ! ,h\se ,x  

is ! s5se ( ! ,h\se ( ,repres5tatives   
t--  7#a7 access to capital = small     
bus9ess conc]ns own$ & controll$ by wom5
 comes f a v>iety ( s\rces1 includ+     
important contributions & e>ly inve/m5ts
 f angel capital & o!r v5ture capital   
inve/ors2 &  7#b7 ^? inve/ors %\ld      
cont9ue to "w to develop small bus9ess  
conc]ns own$ & controll$ by wom5 to exp&
 ! rate at :i* ^? wom5 receive v5ture   
inve/m5t4