,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bdhh  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #ag1 #bjag,ms4   
,velzquez 7= h]self1 ,miss              
,gonzlez-,coln ( ,pu]to ,rico1 ,mr4     
,s]rano1 ,mr4 ,mac,arthur1 ,mr4 ,soto1  
,mr4 ,duffy1 & ,mrs4 ,murphy ( ,florida7
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,small ,bus9ess  ,a  
,,bill  ,to provide = small bus9ess     
conc]ns locat$ 9 ,pu]to ,rico1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,pu]to ,rico ,small        
,bus9ess ,assi/ance ,act ( #bjag4  #b4  
,table ( cont5ts ,! table ( cont5ts =   
?is ,act is z foll[s3  ,sec4 #a4 ,%ort  
title4 ,sec4 #b4 ,table ( cont5ts4 ,sec4
 #c4 ,def9itions4 ,title ,i--,l5d+ ,sec4
 #aja4 ,microloan program = ,pu]to ,rico
 small bus9ess conc]ns4 ,sec4 #ajb4 ,fee
 r$uctions4 ,sec4 #ajc4 ,economic       
/imulus l5d+ program = small bus9esses4 
,sec4 #ajd4 ,contribution p]c5tages =   
#ejd projects4 ,sec4 #aje4 ,indep5d5t   
subsidy calculation4 ,title             

,,ii--,procurem5t ,sec4 #bja4 ,contract+
 pref]5ce = ,pu]to ,rico bus9esses4     
,sec4 #bjb4 ,priority = surplus prop]ty 
transf]s4 ,sec4 #bjc4 ,subcontract+     
inc5tives = protege firms t are ,pu]to  
,rico bus9esses4 ,sec4 #bjd4 ,additional
 m5tor-protege relation%ips = protege   
firms t are ,pu]to ,rico bus9esses4     
,title ,,iii--,entrepr5eurial           
,developm5t ,sec4 #cja4 ,vet]an ,bus9ess
 ,outrea* ,c5t] 9 ,pu]to ,rico4 ,sec4   
#cjb4 ,,fa/ grant program = ,pu]to      
,rico4 ,title ,,iv--,small ,bus9ess     
,adm9i/ration ,ov]sight ,sec4 #dja4     
,requirem5t = ! ,di/rict ,director (    
,pu]to ,rico4  #c4 ,def9itions  7a7 ,?is
 ,act ,9 ?is subtitle3 7#a7 ,adm9i/rator
 ,! t]m ,adm9i/rator means !            
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration4  7#b7 ,ov]sight ,bo>d    
t]m9ation date ,! t]m ,ov]sight ,bo>d   
t]m9ation date means ! date on :i* !    
,ov]sight ,bo>d e/abli%$ "u section #aja
 ( ! ,pu]to ,rico ,ov]sight1 ,managem5t1
 & ,economic ,/ability ,act 7#dh        

,u4,s4,c4 #baba7 t]m9ates4  7#c7 ,pu]to 
,rico ,! t]m ,pu]to ,rico means !       
,commonweal? ( ,pu]to ,rico4  7#d7      
,pu]to ,rico bus9ess ,! t]m ,pu]to ,rico
 bus9ess means a small bus9ess conc]n t 
has its pr9cipal (fice locat$ 9 !       
,commonweal? ( ,pu]to ,rico4  7#e7      
,small bus9ess conc]n ,! t]m small      
bus9ess conc]n has ! mean+ giv5 su* t]m 
"u section #c ( ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fcb74  7b7 ,small       
,bus9ess ,act ,section #c ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb7 is   
am5d$ by add+ at ! end ! foll[+3  7ee7  
,pu]to ,rico bus9ess ,9 ?is ,act1 ! t]m 
,pu]to ,rico bus9ess means a small      
bus9ess conc]n t has its pr9cipal (fice 
locat$ 9 ! ,commonweal? ( ,pu]to ,rico4 
4  ,i ,l5d+  #aja4 ,microloan program = 
,pu]to ,rico small bus9ess conc]ns  7a7 
,increase 9 access to capital = c]ta9   
int]m$i>ies ,section #g7m77#c77;,c7 ( ! 
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77#c77;,c77 is am5d$-- 7#a7 by    
ins]t+ & except z provid$ 9 clause 7ii7 

aft] subsection 7a77#c72  7#b7 by /rik+ 
,not)/&+ & ins]t+ ! foll[+3  7i7 ,9     
g5]al ,not)/&+  2 &  7#c7 by add+ at !  
end ! foll[+3  7ii7 ,exception = c]ta9  
,pu]to ,rico bus9esses  7,i7 ,9 g5]al   
,no loan %all be made "u ?is subsection 
if ! total am\nt out/&+ & committ$ to #a
 cov]$ int]m$i>y 7exclud+ out/&+ grants7
 f ! bus9ess loan & inve/m5t fund       
e/abli%$ by ?is ,act w\ld1 z a result ( 
su* loan1 exce$ #f1jjj1jjj 9 ! rema9+   
ye>s ( ! cov]$ int]m$i>y's p>ticipation 
9 ! program4  7,,ii7 ,def9ition ,9 ?is  
clause1 ! t]m cov]$ int]m$i>y means an  
int]m$i>y t-- 7aa7 is p>ticipat+ 9 !    
program2 &  7bb7 submits to !           
,adm9i/rator a c]tification t n less ?an
 #bj p]c5t ( ! microloans made by !     
int]m$i>y "u ?is subsection1 dur+ su*   
p]iod z ! ,adm9i/rator may specify1 w be
 made to ,pu]to ,rico bus9esses4  4  7b7
 ,waiv] ( #be_/ge rule = microloans to  
,pu]to ,rico small bus9ess conc]ns  7#a7
 ,waiv] au?oriz$ ,section #g7m77#d77;,e7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4

 #fcf7m77#d77;,e77 is am5d$-- 7,a7 9    
clause 7i71 by /rik+ ,ea* & ins]t+      
,except z provid$ 9 clause 7iii71 ea*2 &
  7,b7 by add+ at ! end ! foll[+3  7iii7
 ,exception = c]ta9 int]m$i>ies ,!      
,adm9i/rator %all waive ! requirem5ts ( 
clause 7i7 = an int]m$i>y = :i* n less  
?an #be p]c5t ( ! loans made by !       
int]m$i>y are made to ,pu]to ,rico      
bus9esses4  4  7#b7 ,/udy ,n lat] ?an   
#ah mon?s aft] ! date ( enactm5t ( ?is  
,act1 ! ,adm9i/rator %all submit to     
,congress a report on ! impact ( waiv+ !
 requirem5ts ( section #g7m77#d77;,e77i7
 ( ! ,small ,bus9ess ,act = all         
int]m$i>ies receiv+ grant funds "u      
section #g7m77#a77;,b77ii7 ( ! ,small   
,bus9ess ,act1 :i* %all include an      
analysis ( ! effectiv5ess & feasibility 
( exp&+ ! waiv] to small bus9ess conc]ns
 nationwide4  7c7 ,prospective repeal   
,subsections 7a7 & 7b7 %all be repeal$1 
& ! provisions ( law am5d$ by su*       
subsections %all be re/or$ z if su*     
subsections _h n be5 enact$1 on !       

,ov]sight ,bo>d t]m9ation date4  7d7    
,,gao /udy ,n lat] ?an #ahj days aft] ! 
date ( enactm5t ( ?is ,act1 !           
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all complete a /udy & submit to !      
,committee on ,small ,bus9ess &         
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives a report on ! foll[+3 
7#a7 ,! op]ations 7includ+ s]vices      
provid$1 /ructure1 size1 & area (       
op]ation7 ( a repres5tative sample (--  
7,a7 int]m$i>ies t are eligible =       
p>ticipation 9 ! microloan program "u   
section #g7m7 ( ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fcf7m77 & t p>ticipate 9
 ! microloan program2 &  7,b7           
int]m$i>ies 7includ+ ^? op]at$ = pr(it1 
op]at$ z nonpr(it organizations1 &      
affiliat$ ) a ,unit$ ,/ates in/itution (
 high] le>n+ 7z def9$ 9 section #cdeb ( 
title #ch1 ,unit$ ,/ates ,code7 t are s 
eligible & t d n p>ticipate 9 !         
microloan program4  7#b7 ,! reasons :y  
int]m$i>ies describ$ 9 p>agraph         

7#a77;,b7 *oose n to p>ticipate 9 !     
microloan program4  7#c7 ,recomm5dations
 on h[ to enc\rage increas$ p>ticipation
 9 ! microloan program by int]m$i>ies   
describ$ 9 p>agraph 7#a77;,b74  7#d7    
,recomm5dations = increas+ ! numb] (    
int]m$i>ies locat$ 9 ! t]ritories ( !   
,unit$ ,/ates or 9 economically di/ress$
 areas 7z def9$ 9 section               
#g7m77#aa77;,d7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcf7m77#aa77;,d77 t are
 eligible = p>ticipation 9 ! microloan  
program "u section #g7m7 ( su* ,act4    
7#e7 ,recomm5dations on h[ to decrease !
 co/s associat$ ) p>ticipation 9 !      
microloan program = eligible            
int]m$i>ies4  #ajb4 ,fee r$uctions  7a7 
,adm9i/rative provisions = ! ,small     
,bus9ess ,adm9i/ration  7#a7 ,def9ition 
,9 ?is subsection1 ! t]m cov]$ bus9ess  
loan means a loan-- 7,a7 ( n m ?an      
#b1jjj1jjj2  7,b7 t is gu>ante$ by !    
,adm9i/rator "u section #g7;a7 ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a772  7,c7 = :i* ! application is 

approv$ on or aft] ! date ( enactm5t (  
?is ,act2 &  7,d7 t is made to a ,pu]to 
,rico bus9ess4  7#b7 ,fees ,dur+ ! p]iod
 beg9n+ on ! date ( enactm5t ( ?is ,act 
& end+ on ! ,ov]sight ,bo>d t]m9ation   
date1 & to ! ext5t t ! co/ ( su*        
elim9ation or r$uction ( fees is (fset  
by appropriations1 ) respect to ea*     
cov]$ bus9ess loan1 ! ,adm9i/rator      
%all--  7,a7 9 lieu ( ! fee o!rwise     
applicable "u section #g7;a77#bc77;,a7 (
 ! ,small ,bus9ess ,act1 collect no fee 
or r$uce fees to ! maximum ext5t        
possible2 &  7,b7 9 lieu ( ! fee o!rwise
 applicable "u section #g7;a77#ah77;,a7 
( ! ,small ,bus9ess ,act1 collect no fee
 or r$uce fees to ! maximum ext5t       
possible4  7b7 ,tempor>y fee elim9ation 
= ! #ejd loan program  7#a7 ,9 g5]al    
,dur+ ! p]iod beg9n+ on ! date (        
enactm5t ( ?is ,act & end+ on !         
,ov]sight ,bo>d t]m9ation date1 & to !  
ext5t ! co/ ( su* elim9ation 9 fees is  
(fset by appropriations1 ) respect to   
ea* loan ( n m ?an #b1jjj1jjj gu>ante$  

by ! ,adm9i/rator "u title ,v ( ! ,small
 ,bus9ess ,inve/m5t ,act ( #aieh 7#ae   
,u4,s4,c4 #fie et seq47 ) respect to a  
developm5t company t has its pr9cipal   
(fice locat$ 9 ,pu]to ,rico & = :i* an  
application is approv$ or p5d+ approval 
on or aft] ! date ( enactm5t ( ?is      
,act--  7,a7 ! ,adm9i/rator %all1 9 lieu
 ( ! fee o!rwise applicable "u section  
#ejc7;d77#b7 ( ! ,small ,bus9ess        
,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4   
#fig7;d77#b771 collect no fee2 &  7,b7 a
 developm5t company %all1 9 lieu ( !    
process+ fee "u section #abj4iga7;a77#a7
 ( title #ac1 ,code ( ,f$]al            
,regulations 7relat+ to fees paid by    
borr[]s71 or any successor !reto1       
collect no fee4  7#b7 ,reimbursem5t =   
waiv$ fees  7,a7 ,9 g5]al ,to ! ext5t t 
! co/ ( su* paym5ts is (fset by         
appropriations1 ! ,adm9i/rator %all     
reimburse ea* developm5t company t does 
n collect a process+ fee "u p>agraph    
7#a77;,b74  7,b7 ,am\nt ,! reimbursem5t 
to a developm5t company "u subp>agraph  

7,a7 %all be 9 an am\nt equal to #a4e   
p]c5t ( ! net deb5ture proce$s = :i* !  
developm5t company does n collect a     
process+ fee "u p>agraph 7#a77;,b74  7c7
 ,application ( fee elim9ations ,to !   
ext5t t am\nts are made available to !  
,adm9i/rator = ! purpose ( fee          
elim9ations or r$uctions "u subsection  
7a71 ! ,adm9i/rator %all--  7#a7 fir/   
use any am\nts provid$ to elim9ate or   
r$uce fees paid by borr[]s "u clauses   
7i71 7ii71 & 7iii7 ( section            
#g7;a77#ah77;,a7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771
 to ! maximum ext5t possible2  7#b7 to !
 ext5t am\nts provid$ rema9 aft] use 9  
accordance ) p>agraph 7#a71 use any     
am\nts provid$ to elim9ate or r$uce fees
 "u section #g7;a77#bc77;,a7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#bc77;,a77 paid by l5d]s )     
assets ( n m ?an #a1jjj1jjj1jjj1 z ( !  
date ( enactm5t ( ?is ,act2 &  7#c7 to !
 ext5t am\nts provid$ rema9 aft] use 9  
accordance ) p>agraphs 7#a7 & 7#b71 use 

any rema9+ am\nts provid$ to r$uce fees 
"u section #g7;a77#bc77;,a7 ( ! ,small  
,bus9ess ,act paid by l5d]s o!r ?an ^?  
describ$ "u p>agraph 7#b74  #ajc4       
,economic /imulus l5d+ program = small  
bus9esses  7a7 ,au?ority ,not)/&+       
section #g7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;a771 = a qualify+  
small bus9ess loan ! ,adm9i/rator may   
gu>antee n m ?an #ij p]c5t ( ! balance (
 ! f9anc+ out/&+ at ! "t ( disbursem5t (
 ! loan1 if su* balance is less ?an or  
equal to #b1jjj1jjj4  7b7 ,qualify+     
small bus9ess loan def9$ ,= purposes (  
?is section1 ! t]m qualify+ small       
bus9ess loan means any loan to a ,pu]to 
,rico bus9ess made pursuant to section  
#g7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcf7;a771 except = su* loans 
made "u section #g7;a77#ca7 ( su* ,act  
7#ae ,u4,s4,c4 #fcf7;a77#ca774  7c7     
,qualifi$ borr[]s  7#a7 ,ali5s          
unlawfully pres5t 9 ! ,unit$ ,/ates ,!  
,adm9i/rator may n gu>antee a loan made 
"u ?is section to a small bus9ess conc]n

 if an individual :o is an ali5         
unlawfully pres5t 9 ! ,unit$ ,/ates--   
7,a7 has an own]%ip int]e/ 9 t conc]n2  
or  7,b7 has an own]%ip int]e/ 9 ano!r  
conc]n t itself has an own]%ip int]e/ 9 
t conc]n4  7#b7 ,firms 9 violation (    
immigration laws ,! ,adm9i/rator may n  
gu>antee a loan made "u ?is section to  
any entity1 bas$ on a det]m9ation by !  
,secret>y ( ,homel& ,security or !      
,attorney ,g5]al1 f\nd to h engag$ 9 a  
patt]n or practice ( hir+1 recruit+1 or 
ref]r+ = a fee = employm5t 9 ! ,unit$   
,/ates an ali51 if su* entity kn[s t !  
p]son is an unau?oriz$ ali54  7d7       
,crim9al backgr\nd *ecks ,prior to      
gu>antee+ a loan made "u ?is section1 ! 
,adm9i/rator may v]ify ! applicant's    
crim9al backgr\nd1 or lack !re(1 ?r\gh !
 be/ available means1 includ+1 if       
possible1 use ( ! ,national ,crime      
,in=mation ,c5t] comput] sy/em at !     
,f$]al ,bureau ( ,inve/igation4  7e7    
,application ( o!r law ,no?+ 9 ?is      
section %all be con/ru$ to exempt any   

activity ( ! ,adm9i/rator "u ?is section
 f ! ,f$]al ,cr$it ,re=m ,act ( #aiij4  
7f7 ,small ,bus9ess ,act provisions     
,except z o!rwise provid$ 9 ?is section1
 ! requirem5ts ( section #g ( ! ,small  
,bus9ess ,act 7& regulations promulgat$ 
!reund]7 applicable to loan gu>antees on
 or be=e ! date ( enactm5t ( ?is ,act   
%all apply to loan gu>antees made "u ?is
 section4  7g7 ,sunset ,! ,adm9i/rator  
may n gu>antee a loan made "u ?is       
section aft] ! ,ov]sight ,bo>d t]m9ation
 date4  #ajd4 ,contribution p]c5tages = 
#ejd projects ,not)/&+ section #ejb7c7 (
 ! ,small ,bus9ess ,inve/m5t ,act (     
#aieh 7#ae ,u4,s4,c4 #fif7c771 dur+ !   
p]iod beg9n+ on ! date ( enactm5t ( ?is 
,act & end+ on ! ,ov]sight ,bo>d        
t]m9ation date1 ! ,adm9i/rator may      
gu>antee a deb5ture issu$ by a          
developm5t company t has its pr9cipal   
(fice locat$ 9 ,pu]to ,rico if1 ( !     
total co/ ( ! project f9anc$--  7#a7 #ej
 p]c5t is d]iv$ f a loan f a private    
sector l5d]2  7#b7 #de p]c5t is d]iv$ f 

a loan made f ! proce$s ( su* deb5ture  
issu$ by ! developm5t company2 &  7#c7  
#e p]c5t is provide by ! borr[] ( su*   
loans4  #aje4 ,indep5d5t subsidy        
calculation ,9 mak+ calculations "u     
section #g7;a77#bf7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7;a77#bf77 or   
section #ejc7;g7 ( ! ,small ,bus9ess    
,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4   
#fig7;g771 ! ,director ( ! ,(fice (     
,managem5t & ,budget %all make su*      
calculations sep>ately = loans pur*as$  
or gu>ante$ "u ! au?ority "u section    
#ajb1 #ajc1 or #ajd ( ?is ,act4  ,,ii   
,procurem5t  #bja4 ,contract+ pref]5ce =
 ,pu]to ,rico bus9esses ,section #ae ( !
 ,small ,bus9ess ,act 7#ae ,u4,s4,c4    
#fdd7 is am5d$ by add+ at ! end !       
foll[+3  7u7 ,contract+ pref]5ce =      
,pu]to ,rico bus9esses  7#a7 ,contract+ 
pref]5ce ,an ag5cy %all provide a       
contract+ pref]5ce = a ,pu]to ,rico     
bus9ess dur+ ! p]iod beg9n+ on ! date ( 
enactm5t ( ?is subsection & end+ on !   
date on :i* ! ,ov]sight ,bo>d e/abli%$  

"u section #aja ( ! ,pu]to ,rico        
,ov]sight1 ,managem5t1 & ,economic      
,/ability ,act 7#dh ,u4,s4,c4 #baba7    
t]m9ates4 ,! pref]5ce "u ?is subsection 
%all take priority ov] any pref]5ce =   
pur*as+ f ! procurem5t li/ e/abli%$     
pursuant to section #hejc ( title #da1  
,unit$ ,/ates ,code1 or ! ,f$]al ,prison
 ,indu/ries catalog describ$ "u section 
#dabd7;d7 ( title #ah1 ,unit$ ,/ates    
,code4  7#b7 ,cr$it = meet+ contract+   
goals ,if an ag5cy aw>ds a contract to a
 ,pu]to ,rico bus9ess z describ$ 9      
p>agraph 7#a71 ! value ( ! contract %all
 be d\bl$ = purposes ( det]m9+          
compliance ) ! goals = procurem5t       
contracts "u subsection 7g77#a77;,a74  4
  #bjb4 ,priority = surplus prop]ty     
transf]s ,section #g7;j77#ac77;,f7 ( !  
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;j77#ac77;,f77 is am5d$ by add+ at 
! end ! foll[+3  7iii7  7,i7 ,9 ?is     
clause1 ! t]m cov]$ p]iod means ! p]iod 
beg9n+ on ! date ( enactm5t ( ?is clause
 & end+ on ! date on :i* ! ,ov]sight    

,bo>d e/abli%$ "u section #aja ( !      
,pu]to ,rico ,ov]sight1 ,managem5t1 &   
,economic ,/ability ,act 7#dh ,u4,s4,c4 
#baba7 t]m9ates4  7,,ii7 ,! ,adm9i/rator
 may transf] te*nology or surplus       
prop]ty "u clause 7i7 on a priority     
basis to a ,pu]to ,rico bus9ess if !    
,pu]to ,rico bus9ess meets ! requirem5ts
 = su* a transf]1 )\t reg>d to :e!r !   
,pu]to ,rico bus9ess is a ,program      
,p>ticipant4  4  #bjc4 ,subcontract+    
inc5tives = protege firms t are ,pu]to  
,rico bus9esses ,section #de7;a7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fegr7a77 is am5d$ by add+ at ! end !   
foll[+3  7#c7 ,pu]to ,rico bus9esses    
7,a7 ,9 g5]al ,dur+ ! p]iod beg9n+ on ! 
date ( enactm5t ( ?is p>agraph & end+ on
 ! date on :i* ! ,ov]sight ,bo>d        
e/abli%$ "u section #aja ( ! ,pu]to     
,rico ,ov]sight1 ,managem5t1 & ,economic
 ,/ability ,act 7#dh ,u4,s4,c4 #baba7   
t]m9ates1 ! ,adm9i/rator %all provide   
additional inc5tives to cov]$ m5tors1   
includ+ provid+ additional cr$it =      

subcontracts aw>d$ to cov]$ proteges &  
co/s incurr$ = provid+ tra9+ to cov]$   
proteges4  7,b7 ,def9itions ,9 ?is      
p>agraph-- 7i7 ! t]m cov]$ m5tor means a
 m5tor t ent]s into an agreem5t "u ?is  
,act1 or "u any m5tor-protege program   
approv$ "u subsection 7b77#a71 ) a cov]$
 protege2 &  7ii7 ! t]m cov]$ protege   
means a protege-- 7,i7 ( a cov]$ m5tor2 
&  7,,ii7 t has its pr9cipal (fice      
locat$ 9 ! ,commonweal? ( ,pu]to ,rico4 
4  #bjd4 ,additional m5tor-protege      
relation%ips = protege firms t are      
,pu]to ,rico bus9esses ,section         
#de7;b77#c77;,a7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fegr7b77#c77;,a77  
is am5d$ by ins]t+ 1 except t su*       
re/rictions %all n apply to a           
relation%ip t 0 ent]$ into be=e ! date  
on :i* ! ,ov]sight ,bo>d e/abli%$ "u    
section #aja ( ! ,pu]to ,rico ,ov]sight1
 ,managem5t1 & ,economic ,/ability ,act 
7#dh ,u4,s4,c4 #baba7 t]m9ates & 9 :i* !
 pr9cipal (fice ( ! protege is locat$ 9 
! ,commonweal? ( ,pu]to ,rico aft] ea*  

p>ticipant4  ,,iii ,entrepr5eurial      
,developm5t  #cja4 ,vet]an ,bus9ess     
,outrea* ,c5t] 9 ,pu]to ,rico  7a7 ,9   
g5]al ,section #cb ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #feg;b7 is am5d$--  
7#a7 by r$esignat+ subsection 7f7 z     
subsection 7g72 &  7#b7 by ins]t+ aft]  
subsection 7e7 ! foll[+3  7f7 ,vet]an   
,bus9ess ,outrea* ,c5t] 9 ,pu]to ,rico  
,! ,adm9i/rator %all p>tn] ) an         
organization to e/abli% a ,vet]an       
,bus9ess ,outrea* ,c5t] 9 ! ,commonweal?
 ( ,pu]to ,rico to provide              
entrepr5eurial developm5t s]vices to    
small bus9ess conc]ns own$ & controll$  
by s]vice-disabl$ vet]ans & small       
bus9ess conc]ns own$ & controll$ by     
vet]ans locat$ 9 ! ,commonweal? ( ,pu]to
 ,rico4 ,if ! ,adm9i/rator _c p>tn] ) an
 organization1 ! ,adm9i/rator %all use  
am\nts appropriat$ to c>ry out ?is      
subsection to provide su* s]vices to    
vet]ans :o own or are consid]+ />t+ a   
,pu]to ,rico bus9ess4  4  7b7           
,prospective repeal ,subsection 7a7 %all

 be repeal$1 & ! provisions ( law am5d$ 
by su* subsection %all be re/or$ z if   
su* subsection _h n be5 enact$1 on !    
,ov]sight ,bo>d t]m9ation date4  #cjb4  
,,fa/ grant program = ,pu]to ,rico  7a7 
,9 g5]al ,section #cd ( ! ,small        
,bus9ess ,act 7#ae ,u4,s4,c4 #feg;d7 is 
am5d$ by add+ at ! end ! foll[+3  7j7   
,,fa/ grant program = ,pu]to ,rico  7#a7
 ,e/abli%m5t ,! ,adm9i/rator %all       
e/abli% a program t %all be "p ( ! ,,fa/
 program to make aw>ds to1 or ent] into 
coop]ative agreem5ts )1 a ,pu]to ,rico  
bus9ess4  7#b7 ,te*nical assi/ance ,if  
no applicant is select$ to receive      
assi/ance "u ?is subsection1 !          
,adm9i/rator %all use am\nts appropriat$
 to c>ry out ?is subsection to provide  
bus9ess advice & c\nsel+ to a ,pu]to    
,rico bus9ess4  7#c7 ,waiv] ( mat*+     
requirem5ts ,! ,adm9i/rator may1 ^u     
application1 waive ! mat*+ requirem5ts  
"u subsection 7e77#b7 = an applicant t  
receives an aw>d or has 9 effect a      
coop]ative agreem5t "u ?is subsection4  

7#d7 ,fund+ ,!re is au?oriz$ to be      
appropriat$ #ajj1jjj = fiscal ye> #bjag1
 & ea* fiscal ye> !reaft]1 to c>ry out  
?is subsection4  4  7b7 ,prospective    
repeal ,subsection 7a7 %all be repeal$1 
& ! provisions ( law am5d$ by su*       
subsection %all be re/or$ z if su*      
subsection _h n be5 enact$1 on !        
,ov]sight ,bo>d t]m9ation date4  ,,iv   
,small ,bus9ess ,adm9i/ration ,ov]sight 
#dja4 ,requirem5t = ! ,di/rict ,director
 ( ,pu]to ,rico  7a7 ,9 g5]al ,dur+ !   
p]iod beg9n+ on ! date ( enactm5t ( ?is 
,act & end+ on ! ,ov]sight ,bo>d        
t]m9ation date1 ! director ( ! di/rict  
(fice ( ! ,small ,bus9ess ,adm9i/ration 
locat$ 9 ,pu]to ,rico %all submit       
directly to ,congress & ! ,adm9i/rator  
an annual report on ! activities ( !    
,small ,bus9ess ,adm9i/ration 9 ,pu]to  
,rico4  7b7 ,coord9ation ,9 prep>+ ea*  
report describ$ 9 subsection 7a71 !     
director describ$ 9 su* subsection %all 
consult ) o!r ,f$]al ag5cies to collect 
data on grants1 programs1 & outrea*     

activities c>ri$ out by su* ag5cies t   
affect any ,pu]to ,rico bus9ess4