,,ii  #aad? ,,congress  #a/ ,session    
,s4 #babe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #a1 #bjae ,mrs4
 ,fe9/e9 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip  ,a   
,,bill  ,to make ! ,community ,advantage
 ,pilot ,program ( ! ,small ,bus9ess    
,adm9i/ration p]man5t1 & = o!r purposes4
  #a4 ,%ort title  ,?is ,act may be cit$
 z ! ,small ,bus9ess ,l5d+ & ,economic  
,inequality ,r$uction ,act ( #bjae4  #b4
 ,community advantage program  7a7 ,9   
g5]al ,section #g7;a7 ( ! ,small        
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77  
is am5d$ by add+ at ! end ! foll[+3     
7#ce7 ,community advantage program  7,a7
 ,def9itions ,9 ?is p>agraph-- 7i7 ! t]m
 cov]$ in/itution means--  7,i7 a       
developm5t company 7z def9$ 9 section   
#ajc ( ! ,small ,bus9ess ,inve/m5t ,act 
( #aieh 7#ae ,u4,s4,c4 #ffb77 t is      
eligible to p>ticipate 9 ! program      
e/abli%$ "u title ,v ( su* ,act 7#ae    
,u4,s4,c4 #fie et seq472  7,,ii7 a      

nonpr(it int]m$i>y 7z def9$ 9 subsection
 7m77#aa772  7,,iii7 a non-,f$]ally     
regulat$ entity c]tifi$ z a community   
developm5t f9ancial in/itution by !     
,community ,developm5t ,f9ancial        
,in/itutions ,fund e/abli%$ "u section  
#ajd7;a7 ( ! ,riegle ,community         
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dgjc7;a772 
or  7,,iv7 any o!r nonpr(it organization
 approv$ by ! ,small ,bus9ess           
,adm9i/ration2  7ii7 ! t]m program means
 ! ,community ,advantage ,program       
e/abli%$ "u subp>agraph 7,b72  7iii7 !  
t]m ,res]vi/ means a memb] ( a res]ve   
compon5t ( ! ,arm$ ,=ces nam$ 9 section 
#ajaja ( title #aj1 ,unit$ ,/ates ,code2
  7iv7 ! t]m s]vice-connect$ has ! mean+
 giv5 t t]m 9 section #aja7af7 ( title  
#ch1 ,unit$ ,/ates ,code2 &  7v7 ! t]m  
small bus9ess conc]n 9 an und]s]v$ m>ket
 means a small bus9ess conc]n--  7,i7 t 
is locat$ 9-- 7aa7 a l[- or             
mod]ate-income community2  7bb7 a       
,h,u,b,zone2 or  7cc7 a community t has 

be5 designat$ z an emp[]m5t zone or an  
ent]prise community "u section #acia ( !
 ,int]nal ,rev5ue ,code ( #aihf2  7,,ii7
 t has m ?an #ej p]c5t ( employees      
resid+ 9 a l[- or mod]ate-income        
community2  7,,iii7 t has be5 9 exi/5ce 
= n m ?an #b ye>s on ! date on :i* a    
loan is made to ! small bus9ess conc]n  
"u ! ,community ,advantage ,program     
e/abli%$ "u subp>agraph 7,b72  7,,iv7   
own$ & controll$ by vet]ans2  7,v7 own$ 
& controll$ by s]vice-disabl$ vet]ans2  
or  7,,vi7 n less ?an #ea p]c5t ( :i* is
 own$ & controll$ by #a or m-- 7aa7     
memb]s ( ! ,arm$ ,=ces p>ticipat+ 9 !   
,transition ,assi/ance ,program ( !     
,dep>tm5t ( ,def5se2  7bb7 ,res]vi/s2   
7cc7 sp\ses ( vet]ans1 memb]s ( ! ,arm$ 
,=ces1 or ,res]vi/s2 or  7dd7 surviv+   
sp\ses ( vet]ans :o di$ on active duty  
or z a result ( a s]vice-connect$       
disability4  7,b7 ,e/abli%m5t ,!re is   
e/abli%$ a ,community ,advantage        
,program1 "u :i* ! ,adm9i/ration may    
gu>antee loans made by cov]$ in/itutions

 "u ?is subsection1 includ+ loans made  
to small bus9ess conc]ns 9 und]s]v$     
m>kets4  7,c7 ,requirem5ts ,n less ?an  
#fj p]c5t ( loans made by a cov]$       
in/itution "u ! program %all consi/ (   
loans made to small bus9ess conc]ns 9   
und]s]v$ m>kets "u ! program4  7,d7     
,maximum loan am\nt ,! maximum loan     
am\nt "u ! program is #cej1jjj4  7,e7   
,regulations  7i7 ,9 g5]al ,n lat] ?an  
#a ye> aft] ! date ( enactm5t ( ?is     
p>agraph1 ! ,adm9i/rator %all promulgate
 regulations to c>ry out ! program1 :i* 
%all be sub/antially simil> to !        
,community ,advantage ,pilot ,program ( 
! ,adm9i/ration1 z 9 effect on ! day    
be=e ! date ( enactm5t ( ?is p>agraph4  
7ii7 ,pilot program ,beg9n+ on ! date on
 :i* ! regulations promulgat$ by !      
,adm9i/rator "u clause 7i7 take effect1 
! ,adm9i/rator may n c>ry out !         
,community ,advantage ,pilot ,program ( 
! ,adm9i/ration4  4  7b7 ,te*nical &    
con=m+ am5dm5t ,section #c7r7 ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7r77  

is am5d$-- 7#a7 9 p>agraph 7#a71 by     
ins]t+ be=e ! p]iod at ! end ! foll[+3 1
 b does n include a cov]$ in/itution1 z 
def9$ 9 section #g7;a77#ce77;,a72 &     
7#b7 9 p>agraph 7#b7-- 7,a7 9 ! matt]   
prec$+ subp>agraph 7,a71 by /rik+ means 
a bus9ess conc]n & ins]t+ ! foll[+3 --  
7,a7 means a bus9ess conc]n if--  2     
7,b7 by r$esignat+ subp>agraphs 7,a71   
7,b71 & 7,c7 z clauses 7i71 7ii71 &     
7iii71 respectively1 & adju/+ ! m>g9s   
accord+ly2  7,c7 9 subp>agraph          
7,a77iii71 z s r$esignat$1 by /rik+ !   
p]iod at ! end & ins]t+ 2 &2 &  7,d7 by 
add+ at ! end ! foll[+3  7,b7 does n    
include a cov]$ in/itution1 z def9$ 9   
section #g7;a77#ce77;,a74  4  #c4 ,exp&+
 ! purposes ( advances & collat]al      
available to community developm5t       
f9ancial in/itutions ,section #aj7;a7 ( 
! ,f$]al ,home ,loan ,bank ,act 7#ab    
,u4,s4,c4 #adcj7;a77 is am5d$--  7#a7 9 
p>agraph 7#b77;,b71 by ins]t+ or        
community developm5t f9ancial in/itution
 7z def9$ 9 section #ajc ( ! ,riegle    

,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dgjb77 aft] community f9ancial         
in/itution2 &  7#b7 9 p>agraph          
7#c77;,e71 by ins]t+ or community       
developm5t f9ancial in/itution 7z def9$ 
9 section #ajc ( ! ,riegle ,community   
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dgjb77 aft]
 community f9ancial in/itution4