,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #fegi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #bf1 #bjah,mr4  
,aguil> introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,education & !
 ,work=ce  ,a ,,bill  ,to am5d ! ,high] 
,education ,act ( #aife to provide no   
int]e/ def]m5t eligibility = c]ta9 small
 bus9ess conc]ns1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,rec5t ,grads 9 ,/>t-,ups & ,innovation 
,act4  #b4 ,no int]e/ def]m5t           
eligibility = own]s ( c]ta9 small       
bus9esses  7a7 ,am5dm5ts ,section       
#dee7;f77#b7 ( ! ,high] ,education ,act 
( #aife 7#bj ,u4,s4,c4 #ajhg;e7f77#b77  
is am5d$--  7#a7 by /rik+ or at ! end ( 
subp>agraph 7,c72  7#b7 by /rik+ ! p]iod
 at ! end ( subp>agraph 7,d7 & ins]t+ 2 
or2 &  7#c7 by add+ at ! end ! foll[+3  
7,e7 n 9 excess ( #d ye>s dur+ :i* !    
borr[] is ! own] ( a small bus9ess      
conc]n 7z def9$ 9 section #c ( ! ,small 
,bus9ess ,act7 t--  7i7 has at lea/ "o  
employee o!r ?an ! own]2 &  7ii7 has its

 pr9cipal place ( bus9ess locat$ 9 a    
qualifi$ opportunity zone 7z def9$ 9    
section #adjj,z-#a ( ! ,int]nal ,rev5ue 
,code ( #aihf74  4  7b7 ,effective date 
,! am5dm5ts made by ?is section %all    
take effect #a ye> aft] ! date (        
enactm5t ( ?is ,act4  #c4 ,report  7a7  
,9 g5]al ,n lat] ?an #a ye> aft] ! fir/ 
def]m5t is grant$ "u section            
#dee7;f77#b77;,e7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4             
#ajhg;e7f77#b771 z add$ by ?is ,act1 !  
,secret>y ( ,education1 9 coord9ation ) 
! ,small ,bus9ess ,adm9i/ration1 %all   
submit a report to ,congress on--  7#a7 
! numb] ( rec5t college graduates :o    
appli$ to receive a def]m5t "u su*      
section1 disaggregat$ by--  7,a7 ! numb]
 ( su* individuals :o 7 grant$ su* a    
def]m5t2 &  7,b7 ! numb] ( su*          
individuals :o 7 n grant$ su* a def]m5t2
  7#b7 a description ( ! rec5t college  
graduates :o 7 grant$ su* a def]m5t1    
disaggregat$ by-- 7,a7 ! demographic    
in=mation ( ! graduate2  7,b7 ! type (  

small bus9ess conc]n = :i* ! def]m5t 0  
grant$2  7,c7 ! location ( ! small      
bus9ess conc]n2  7,d7 ! numb] ( jobs    
creat$ by ! small bus9ess conc]n2 &     
7,e7 any relevant in=mation on ! gr[? ( 
! small bus9ess conc]n2 &  7#c7         
recomm5dations to improve or create m   
aw>5ess ( su* def]m5t program4  7b7     
,def9ition ,9 ?is section3  7#a7        
,in/itution ( high] education ,! t]m    
in/itution ( high] education has ! mean+
 giv5 ! t]m 9 section #ajb ( ! ,high]   
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajjb74  7#b7 ,rec5t college graduate ,!
 t]m rec5t college graduate means an    
individual :o has be5 a graduate ( an   
in/itution ( high] education ) an       
associate or baccalaureate degree = n m 
?an #b ye>s4  7#c7 ,small bus9ess conc]n
 ,! t]m small bus9ess conc]n has ! mean+
 giv5 "u section #c ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcb74