,,ii #aadth ,,congress #ast ,session ,s4 #babf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,october #a1 #bjae,ms4 ,cantwell 7for herself1 ,mr4 ,vitter1 and ,mrs4 ,shaheen7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to reauthorize the women's business center program of the ,small ,business ,administration1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,women's ,small ,business ,ownership ,act of #bjae4 #b4 ,definitions ,in this ,act-- 7#a7 the terms ,administration and ,administrator mean the ,small ,business ,administration and the ,administrator thereof1 respectively2 7#b7 the term small business concern and small business development center have the meanings given those terms in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb72 and 7#c7 the term women's business center has the meaning given that term in section #bi7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;a771 as added by section #d7;a77#a7 of this ,act4 #c4 ,office of ,women's ,business ,ownership ,section #bi7;g7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;g77 is amended-- 7#a7 in paragraph 7#b7-- 7,a7 in subparagraph 7,b7-- 7i7 in clause 7i71 by striking 8in the areas0 and all that follows through the end of subclause 7,i71 and inserting the following3 8to address issues concerning the management1 operations1 manufacturing1 technology1 finance1 retail and product sales1 international trade1 ,government contracting1 and other disciplines required for-- 7,i7 starting1 operating1 and increasing the business of a small business concern2 2 and 7ii7 in clause 7ii7-- 7,i7 by striking ,women's ,business ,center program each place that term appears and inserting women's business center program2 7,,ii7 in subclause 7,,ix71 by striking and at the end2 7,,iii7 in subclause 7,x71 by striking the period at the end and inserting 2 and2 and 7,,iv7 by adding at the end the following3 7,,xi7 work with ,administration officials and collaborate with entities other than the ,administration to ensure that the work of the women's business center program-- 7aa7 maximizes taxpayer dollars2 and 7bb7 coordinates effectively with and is not duplicative of the efforts of other ,federal ,government and private sector programs4 2 and 7,b7 in subparagraph 7,c71 by inserting before the period at the end the following3 1 the ,national ,women's ,business ,council1 and any organization representing the majority of women's business centers2 and 7#b7 by adding at the end the following3 7#c7 ,mission ,the mission of the ,office of ,women's ,business ,ownership shall be to assist women entrepreneurs to start1 grow1 and compete in global markets by providing quality support with access to capital1 access to markets1 job creation1 growth1 and counseling and training by-- 7,a7 fostering participation of women entrepreneurs in the economy by overseeing a network of women's business centers throughout ,states and territories2 7,b7 creating public-private partnerships to support women entrepreneurs and conduct outreach and education to startup and existing small business concerns owned and controlled by women2 and 7,c7 working with other initiatives and programs of the ,administration to ensure women are well-represented and being served and to identify gaps where participation by women could be increased4 7#d7 ,training ,the ,administrator shall-- 7,a7 provide annual programmatic and financial examination training for women's business center representatives and district office technical representatives of the ,administration to enable representatives to carry out their responsibilities2 7,b7 in carrying out subparagraph 7,a71 award grants or enter into contracts or cooperative agreements related to training2 and 7,c7 not later than ,september #cj1 #bjaf1 develop a plan for a professional development training program for women's business centers1 including attendance to relevant national conferences1 related to-- 7i7 the managing1 financing1 and operation of small business concerns2 7ii7 marketing1 including the use of social media2 7iii7 management and technology assistance regarding small business concern participation in international markets1 export promotion1 and technology transfer2 and 7iv7 delivery or distribution of the services and information described in clauses 7i71 7ii71 and 7iii74 7#e7 ,program and transparency improvements ,the ,administrator shall maximize the transparency of the women's business center financial assistance proposal process and the programmatic and financial examination process by-- 7,a7 providing public notice of any announcement for financial assistance under subsection 7b7 or a grant under subsection 7l72 7,b7 in the announcement described in subparagraph 7,a71 outlining award and program evaluation criteria and describing the weighting of the criteria for financial assistance under subsection 7b7 and grants under subsection 7l72 and 7,c7 not later than #fj days after the completion of a site visit to the women's business center 7whether conducted for an audit1 performance review1 or other reason71 when feasible1 providing to each women's business center a copy of any site visit reports or evaluation reports prepared by district office technical representatives or officers or employees of the ,administration4 7#f7 ,accreditation program ,not later than ,september #cj1 #bjaf1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a plan to develop1 including identification of funding needs1 an accreditation program of women's business centers under this section that would-- 7,a7 be developed with the consultation and collaboration of organizations representing a majority of women's business centers2 7,b7 be carried out by and for women's business centers under contract with the ,administration2 7,c7 establish a regular system of site visits at the discretion of the ,administration and peer review to be conducted in addition to the regular inspections and audits conducted under subsection 7h72 and 7,d7 develop standards for assessment of the performance of women's business centers1 including-- 7i7 leadership and center management2 7ii7 strategic planning2 7iii7 market and client needs assessment2 and 7iv7 metrics and measurements of performance and results4 4 #d4 ,women's ,business ,center ,program 7a7 ,women's ,business ,center financial assistance ,section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7 is amended-- 7#a7 in subsection 7a7-- 7,a7 by striking paragraph 7#d72 7,b7 by redesignating paragraphs 7#b7 and 7#c7 as paragraphs 7#c7 and 7#d71 respectively2 7,c7 by inserting after paragraph 7#a7 the following3 7#b7 the term eligible entity means-- 7,a7 a private nonprofit organization2 7,b7 a ,state1 regional1 or local economic development organization2 7,c7 a development1 credit1 or finance corporation chartered by a ,state2 7,d7 a junior or community college1 as defined in section #cab7;f7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajeh7;f772 or 7,e7 any combination of entities listed in subparagraphs 7,a7 through 7,d72 2 and 7,d7 by adding at the end the following3 7#e7 the term women's business center means a project conducted by an eligible entity under this section4 2 7#b7 in subsection 7b7-- 7,a7 by redesignating paragraphs 7#a71 7#b71 and 7#c7 as subparagraphs 7,a71 7,b71 and 7,c71 respectively1 and adjusting the margins accordingly2 7,b7 by striking ,the ,administration and all that follows through #e-year projects and inserting the following3 7#a7 ,in general ,the ,administration may provide financial assistance to an eligible entity to conduct a project under this section 2 7,c7 by striking ,the projects shall and inserting the following3 7#b7 ,use of funds ,the project shall be designed to provide training and counseling that meets the needs of women1 especially socially or economically disadvantaged women1 and shall 2 and 7,d7 by adding at the end the following3 7#c7 ,amount of financial assistance 7,a7 ,in general ,except as provided in subparagraph 7,b71 the amount of financial assistance provided under this subsection to an eligible entity per project year shall be not more than #bej1jjj4 7,b7 ,additional financial assistance 7i7 ,in general ,the ,administrator may award financial assistance under this subsection to an eligible entity in an amount that is more than #bej1jjj in a given project year if the ,administrator determines that the eligible entity-- 7,i7 obtained more than #bej1jjj in non-,federal contributions for that project year in accordance with subsection 7c72 7,,ii7 is in good standing with the women's business center program2 7,,iii7 has met performance goals for the previous project year1 if applicable2 and 7,,iv7 proposes a new project to be carried out with the additional financial assistance in accordance with this section4 7ii7 ,limitations ,the ,administrator may only award additional financial assistance under clause 7i7-- 7,i7 from unobligated amounts made available to the ,administration to carry out this section2 and 7,,ii7 if1 in a given fiscal year1 the aggregate amount of additional financial assistance provided to eligible entities under clause 7i7 is not more than #a percent of the amount appropriated to the ,administration to carry out this section for that fiscal year4 7#d7 ,consultation with organizations representing women's business centers ,the ,administrator shall seek advice1 input1 and recommendations for policy changes from any organization representing a majority of women's business centers to develop-- 7,a7 the training program for women's business centers under subsection 7g77#d77;,c72 and 7,b7 recommendations to improve the policies and procedures for governing the general operations and administration of the women's business center program1 including grant program improvements under subsection 7g77#d74 2 7#c7 in subsection 7c7-- 7,a7 in paragraph 7#a7 by striking the recipient organization and inserting an eligible entity2 7,b7 in paragraph 7#c71 in the second sentence1 by striking a recipient organization and inserting an eligible entity2 7,c7 in paragraph 7#d7-- 7i7 by striking recipient of assistance and inserting eligible entity2 7ii7 by striking during any project1 it shall not be eligible thereafter and inserting during any project for #b consecutive years1 the eligible entity shall not be eligible at any time after that #b-year period2 7iii7 by striking such organization and inserting the eligible entity2 and 7iv7 by striking recipient and inserting eligible entity2 and 7,d7 by adding at end the following3 7#e7 ,separation of project and funds ,an eligible entity shall-- 7,a7 carry out a project under this section separately from other projects1 if any1 of the eligible entity2 and 7,b7 separately maintain and account for any financial assistance under this section4 2 7#d7 in subsection 7e7-- 7,a7 by striking applicant organization and inserting eligible entity2 7,b7 by striking a recipient organization and inserting an eligible entity2 and 7,c7 by striking site2 7#e7 by striking subsection 7f7 and inserting the following3 7f7 ,applications and criteria for initial financial assistance 7#a7 ,application ,each eligible entity desiring financial assistance under subsection 7b7 shall submit to the ,administrator an application that contains-- 7,a7 a certification that the eligible entity-- 7i7 has designated an executive director or program manager1 who may be compensated using financial assistance under subsection 7b7 or other sources1 to manage the center2 7ii7 as a condition of receiving financial assistance under subsection 7b71 agrees-- 7,i7 to receive a site visit at the discretion of the ,administrator as part of the final selection process2 7,,ii7 to undergo an annual programmatic and financial examination2 and 7,,iii7 to remedy any problems identified pursuant to the site visit or examination under subclause 7,i7 or 7,,ii72 and 7iii7 meets the accounting and reporting requirements established by the ,director of the ,office of ,management and ,budget2 7,b7 information demonstrating that the eligible entity has the ability and resources to meet the needs of the market to be served by the women's business center for which financial assistance under subsection 7b7 is sought1 including the ability to obtain the non-,federal contribution required under subsection 7c72 7,c7 information relating to the assistance to be provided by the women's business center for which financial assistance under subsection 7b7 is sought in the area in which the women's business center is located2 7,d7 information demonstrating the experience and effectiveness of the eligible entity in-- 7i7 conducting financial1 management1 and marketing assistance programs1 as described in subsection 7b77#b71 which are designed to teach or upgrade the business skills of women who are business owners or potential business owners2 7ii7 providing training and services to a representative number of women who are socially or economically disadvantaged2 and 7iii7 working with resource partners of the ,administration and other entities1 such as universities2 and 7,e7 a #e-year plan that describes the ability of the women's business center for which financial assistance is sought-- 7i7 to serve women who are business owners or potential business owners by conducting training and counseling activities2 and 7ii7 to provide training and services to a representative number of women who are socially or economically disadvantaged4 7#b7 ,review and approval of applications for initial financial assistance 7,a7 ,in general ,the ,administrator shall-- 7i7 review each application submitted under paragraph 7#a71 based on the information described in such paragraph and the criteria set forth under subparagraph 7,b7 of this paragraph2 and 7ii7 to the extent practicable1 as part of the final selection process1 conduct a site visit to each women's business center for which financial assistance under subsection 7b7 is sought4 7,b7 ,selection criteria 7i7 ,in general ,the ,administrator shall evaluate applicants for financial assistance under subsection 7b7 in accordance with selection criteria that are-- 7,i7 established before the date on which applicants are required to submit the applications2 7,,ii7 stated in terms of relative importance2 and 7,,iii7 publicly available and stated in each solicitation for applications for financial assistance under subsection 7b7 made by the ,administrator4 7ii7 ,required criteria ,the selection criteria for financial assistance under subsection 7b7 shall include-- 7,i7 the experience of the applicant in conducting programs or ongoing efforts designed to teach or enhance the business skills of women who are business owners or potential business owners2 7,,ii7 the ability of the applicant to begin a project within a minimum amount of time1 as established under the program announcement or by regulation2 7,,iii7 the ability of the applicant to provide training and services to a representative number of women who are socially or economically disadvantaged2 7,,iv7 the ability of the applicant to successfully complete participation in the training program developed under subsection 7g77#d77;,c72 7,v7 the ability of the applicant to successfully acquire accreditation under the accreditation program developed under subsection 7g77#f72 7,,vi7 whether the women's business center proposed by the applicant will be sustainable for more than a #e-year period2 and 7,,vii7 the location for the women's business center proposed by the applicant1 including whether the applicant is located in an area in which-- 7aa7 women are underserved2 or 7bb7 significant groups of women are underserved due to language or other social1 cultural1 and economic barriers4 7,c7 ,proximity ,if the principal place of business of an applicant for financial assistance under subsection 7b7 is located less than #ej miles from the principal place of business of a women's business center that received funds under this section on or before the date of the application1 the applicant shall not be eligible for the financial assistance1 unless the applicant-- 7i7 submits a detailed written justification of the need for an additional center in the area in which the applicant is located1 including information demonstrating that the applicant is not providing services that are redundant or duplicative of those provided by that existing or current women's business center2 7ii7 submits a detailed plan for how the applicant plans to reach clients outside of the geographic area in which the existing or current women's business center is located2 and 7iii7 demonstrates that the applicant has a pre-existing presence in other parts of the geographic area in which the existing or current women's business center is located4 7,d7 ,record retention 7i7 ,in general ,the ,administrator shall maintain a copy of each application submitted under this subsection for not less than #e years4 7ii7 ,paperwork reduction ,the ,administrator shall take steps to reduce1 to the maximum extent practicable1 the paperwork burden associated with carrying out clause 7i74 2 and 7#f7 in subsection 7m7-- 7,a7 by striking paragraph 7#c7 and inserting the following3 7#c7 ,application and approval for renewal grants 7,a7 ,solicitation of applications ,the ,administrator shall solicit applications and award grants under this subsection for the first fiscal year beginning after the date of enactment of the ,women's ,small ,business ,ownership ,act of #bjae1 and every third fiscal year thereafter4 7,b7 ,contents of application ,each eligible entity desiring a grant under this subsection shall submit to the ,administrator an application that contains-- 7i7 a certification that the applicant-- 7,i7 is an eligible entity2 7,,ii7 has designated an executive director or program manager to manage the women's business center operated by the applicant2 and 7,,iii7 as a condition of receiving a grant under this subsection1 agrees-- 7aa7 to receive a site visit as part of the final selection process1 at the discretion of the ,administrator2 and 7bb7 to remedy any problem identified pursuant to the site visit under item 7aa72 7ii7 information demonstrating that the applicant has the ability and resources to meet the needs of the market to be served by the women's business center for which a grant under this subsection is sought1 including the ability to obtain the non-,federal contribution required under paragraph 7#d77;,c72 7iii7 information relating to assistance to be provided by the women's business center in the area served by the women's business center for which a grant under this subsection is sought2 7iv7 information demonstrating that the applicant is not providing services redundant or duplicative of those provided by a women's business center receiving funds under this subsection that is located less than #ej miles from the principal place of business of the applicant2 7v7 information demonstrating that the applicant has worked with resource partners of the ,administration and other entities2 7vi7 a #c-year plan that describes the services provided by the women's business center for which a grant under this subsection is sought-- 7,i7 to serve women who are business owners or potential business owners by conducting training and counseling activities2 and 7,,ii7 to provide training and services to a representative number of women who are socially or economically disadvantaged2 and 7vii7 any additional information that the ,administrator may reasonably require4 7,c7 ,review and approval of applications for grants 7i7 ,in general ,the ,administrator-- 7,i7 shall review each application submitted under subparagraph 7,b71 based on the information described in such subparagraph and the criteria set forth under clause 7ii7 of this subparagraph2 and 7,,ii7 as part of the final selection process1 may1 at the discretion of the ,administrator1 conduct a site visit to each women's business center for which a grant under this subsection is sought1 in particular to evaluate the women's business center using the selection criteria described in clause 7ii77,,ii74 7ii7 ,selection criteria 7,i7 ,in general ,the ,administrator shall evaluate applicants for grants under this subsection in accordance with selection criteria that are-- 7aa7 established before the date on which applicants are required to submit the applications2 7bb7 stated in terms of relative importance2 and 7cc7 publicly available and stated in each solicitation for applications for grants under this subsection made by the ,administrator4 7,,ii7 ,required criteria ,the selection criteria for a grant under this subsection shall include-- 7aa7 the total number of entrepreneurs served by the applicant2 7bb7 the total number of new startup companies assisted by the applicant2 7cc7 the percentage of clients of the applicant that are socially or economically disadvantaged2 7dd7 the percentage of individuals in the community served by the applicant who are socially or economically disadvantaged2 7ee7 the successful participation of the applicant in the training program developed under subsection 7g77#d77;,c72 7ff7 the successful accreditation of the applicant under the accreditation program developed under subsection 7g77#f72 and 7gg7 any additional criteria that the ,administrator may reasonably require4 7iii7 ,conditions for continued funding ,in determining whether to make a grant under this subsection1 the ,administrator-- 7,i7 shall consider the results of the most recent evaluation of the women's business center for which a grant under this subsection is sought1 and1 to a lesser extent1 previous evaluations2 and 7,,ii7 may withhold a grant under this subsection1 if the ,administrator determines that the applicant has failed to provide the information required to be provided under this paragraph1 or the information provided by the applicant is inadequate4 7,d7 ,notification ,not later than #fj days after the date of each deadline to submit applications1 the ,administrator shall approve or deny any application under this paragraph and notify the applicant for each such application of the approval or denial4 7,e7 ,record retention 7i7 ,in general ,the ,administrator shall maintain a copy of each application submitted under this paragraph for not less than #e years4 7ii7 ,paperwork reduction ,the ,administrator shall take steps to reduce1 to the maximum extent practicable1 the paperwork burden associated with carrying out clause 7i74 2 and 7,b7 by striking paragraph 7#e7 and inserting the following3 7#e7 ,award to previous recipients ,there shall be no limitation on the number of times the ,administrator may award a grant to an applicant under this subsection4 4 7b7 ,technical and conforming amendments ,section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7 is amended-- 7#a7 in subsection 7h77#b71 by striking to award a contract 7as a sustainability grant7 under subsection 7l7 or2 7#b7 in subsection 7j77#a71 by striking ,the ,administration and inserting ,not later than ,november #a of each year1 the ,administrator2 7#c7 in subsection 7k7-- 7,a7 by striking paragraphs 7#a7 and 7#d72 7,b7 by redesignating paragraph 7#c7 as paragraph 7#d72 7,c7 by inserting before paragraph 7#b7 the following3 7#a7 ,in general ,there are authorized to be appropriated to the ,administration to carry out this section1 to remain available until expended1 #ba1gej1jjj for each of fiscal years #bjaf through #bjbj4 2 7,d7 in paragraph 7#b71 by striking subparagraph 7,b7 and inserting the following3 7,b7 ,exceptions ,of the amount made available under this subsection for a fiscal year1 the following amounts shall be available for selection panel costs1 costs associated with developing and maintaining a training program1 costs associated with maintaining an accreditation program1 post-award conference costs1 and costs related to monitoring and oversight3 7i7 ,for fiscal year #bjaf1 #b4fe percent4 7ii7 ,for each of fiscal years #bjag through #bjbj1 #b4e percent4 2 and 7,e7 by inserting after paragraph 7#b7 the following3 7#c7 ,continuing grant and cooperative agreement authority 7,a7 ,prompt disbursement ,upon receiving funds to carry out this section for a fiscal year1 the ,administrator shall1 to the extent practicable1 promptly reimburse funds to any women's business center awarded financial assistance under this section if the center meets the eligibility requirements under this section4 7,b7 ,suspension or termination ,if the ,administrator has entered into a grant or cooperative agreement with a women's business center under this section1 the ,administrator may not suspend or terminate the grant or cooperative agreement1 unless the ,administrator-- 7i7 provides the women's business center with written notification setting forth the reasons for that action2 and 7ii7 affords the women's business center an opportunity for a hearing1 appeal1 or other administrative proceeding under chapter #e of title #e1 ,united ,states ,code4 2 7#d7 in subsection 7m7-- 7,a7 in paragraph 7#b71 by striking subsection 7b7 or 7l7 and inserting this subsection or subsection 7b72 and 7,b7 in paragraph 7#d77;,d71 by striking or subsection 7l72 and 7#e7 by redesignating subsections 7m71 7n71 and 7o71 as amended by this ,act1 as subsections 7l71 7m71 and 7n71 respectively4 7c7 ,effect on existing grants 7#a7 ,terms and conditions ,a nonprofit organization receiving a grant under section #bi7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7m771 as in effect on the day before the date of enactment of this ,act1 shall continue to receive the grant under the terms and conditions in effect for the grant on the day before the date of enactment of this ,act1 except that the nonprofit organization may not apply for a renewal of the grant under section #bi7m77#e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7m77#e771 as in effect on the day before the date of enactment of this ,act4 7#b7 ,length of renewal grant ,the ,administrator may award a grant under section #bi7l7 of the ,small ,business ,act1 as so redesignated by subsection 7a77#e7 of this section1 to a nonprofit organization receiving a grant under section #bi7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7m771 as in effect on the day before the date of enactment of this ,act1 for the period-- 7,a7 beginning on the day after the last day of the grant agreement under such section #bi7m72 and 7,b7 ending at the end of the third fiscal year beginning after the date of enactment of this ,act4 #e4 ,matching requirements under women's business center program 7a7 ,in general ,section #bi7;c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;c771 as amended by section #d of this ,act1 is amended-- 7#a7 in paragraph 7#a71 by striking ,as a condition and inserting ,subject to paragraph 7#f71 as a condition2 and 7#b7 by adding at the end the following3 7#f7 ,waiver of non-,federal share 7,a7 ,in general ,upon request by a recipient organization1 and in accordance with this paragraph1 the ,administrator may waive1 in whole or in part1 the requirement to obtain non-,federal funds under this subsection for counseling and training activities of the recipient organization carried out using financial assistance under this section for a fiscal year4 ,the ,administrator may not waive the requirement for a recipient organization to obtain non-,federal funds under this paragraph for more than a total of #b consecutive fiscal years4 7,b7 ,considerations ,in determining whether to waive the requirement to obtain non-,federal funds under this paragraph1 the ,administrator shall consider-- 7i7 the economic conditions affecting the recipient organization2 7ii7 the impact a waiver under this clause would have on the credibility of the women's business center program under this section2 7iii7 the demonstrated ability of the recipient organization to raise non-,federal funds2 and 7iv7 the performance of the recipient organization4 7,c7 ,limitation ,the ,administrator may not waive the requirement to obtain non-,federal funds under this paragraph if granting the waiver would undermine the credibility of the women's business center program under this section4 7#g7 ,solicitation ,notwithstanding any other provision of law1 a recipient organization may-- 7,a7 solicit cash and in-kind contributions from private individuals and entities to be used to carry out the activities of the recipient organization under the project conducted under this section2 and 7,b7 use amounts made available by the ,administration under this section for the cost of such solicitation and management of the contributions received4 7#h7 ,excess non-,federal dollars ,the amount of non-,federal dollars obtained by an eligible entity that is above the amount that is required to be obtained by the eligible entity under this subsection and is not used as matching funds for purposes of implementing the women's business center program under this section shall not be subject to the requirements of part #bjj of title #b1 ,code of ,federal ,regulations1 or any successor thereto4 4 7b7 ,regulations 7#a7 ,in general ,the ,administrator shall-- 7,a7 except as provided in paragraph 7#b71 and not later than #a year after the date of enactment of this ,act1 publish in the ,federal ,register proposed regulations by the ,administrator to carry out the amendments made to section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7 by this ,act2 and 7,b7 accept public comments on such proposed regulations for not less than #fj days4 7#b7 ,existing proposed regulations ,paragraph 7#a77;,a7 shall not apply to the extent proposed regulations by the ,administrator have been published on the date of enactment of this ,act that are sufficient to carry out the amendments made to section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7 by this ,act4