,,ii #aaeth ,,congress #ast ,session ,s4 #cdg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,february #i1 #bjag,mr4 ,coons 7for himself and ,mr4 ,gardner7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to amend the ,small ,business ,act and the ,small ,business ,investment ,act of #aieh to increase the percentage of loans guaranteed for small business concerns that are manufacturers4 #a4 ,short title ,this ,act may be cited as the ,investing in ,america's ,small ,manufacturers ,act4 #b4 ,findings ,congress finds the following3 7#a7 ,in #bjae1 manufacturers contributed over #b1jjj1jjj1jjj1jjj to the ,united ,states economy and accounted for over #ab percent of ,united ,states gross domestic product4 7#b7 ,manufacturing is one of the most important sectors of the ,united ,states economy with respect to employment4 ,in #bjac1 the manufacturing sector supported over #ag1jjj1jjj indirect jobs in the ,united ,states1 in addition to the #ab1jjj1jjj individuals who were directly employed in manufacturing4 ,combined1 these indirect and direct manufacturing jobs represented more than #bj percent of ,united ,states employment in #bjac--more than any other sector4 7#c7 ,while the ,united ,states has added over #ad1jjj1jjj non-farm jobs since #bjaj1 manufacturing job growth has lagged and added only approximately #ijj1jjj jobs4 ,post-recession job recovery averages since the #aidjs indicate that another #a1bjj1jjj manufacturing jobs should have been created during this period4 7#d7 ,small manufacturers are the backbone of the ,united ,states manufacturing industry1 accounting for nearly half of all manufacturing jobs in the ,united ,states4 ,ensuring that small manufacturers have adequate access to capital is critical to creating manufacturing jobs and the growth of the ,united ,states economy4 7#e7 ,the #bjae ,federal ,reserve ,small ,business ,credit ,survey indicates that of the #eb percent of manufacturers that applied for financing during the survey period1 #fe percent did so to expand their business or to pursue a new business opportunity4 ,the survey also indicates that #db percent of manufacturers received less financing than they requested1 the primary result of which was delayed expansion of their business4 7#f7 ,the loan guarantee programs of the ,small ,business ,administration under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq47 encourage lenders to provide loans to creditworthy small businesses that would not otherwise obtain financing on reasonable terms and conditions and can serve as an excellent mechanism by which to increase the availability of affordable credit to small manufacturers in the ,united ,states4 #c4 ,small manufacturers 7a7 ,loan guarantee percentage ,section #g7;a77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77 is amended-- 7#a7 in subparagraph 7,a71 in the matter preceding clause 7i71 by striking and 7,e7 and inserting 7,e71 and 7,f72 and 7#b7 by adding at the end the following3 7,f7 ,participation for manufacturers 7i7 ,in general ,in an agreement to participate in a loan on a deferred basis under this subsection for a small business concern assigned to a ,north ,american ,industry ,classification ,system code for manufacturing or that is designated by the ,administrator under clause 7ii71 the participation by the ,administration shall be #ij percent4 7ii7 ,addition of advanced manufacturing sectors ,after submitting notice to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives1 the ,administrator may designate a ,north ,american ,industry ,classification ,system code for purposes of clause 7i7 if the ,administrator determines the code-- 7,i7 is not a manufacturing code under the ,north ,american ,industry ,classification ,system2 and 7,,ii7 corresponds to a sector in which manufacturing is a considerable component of the operations of a small business concern1 as determined by the ,administrator1 including advanced manufacturing4 4 7b7 ,guarantee fee reduction ,section #g7;a77#ah7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77 is amended-- 7#a7 in subparagraph 7,a71 by striking ,with respect and inserting ,except as provided in subparagraph 7,c71 with respect2 and 7#b7 by adding at the end the following3 7,c7 ,manufacturers 7i7 ,in general ,subject to clause 7ii71 with respect to a loan guaranteed under this subsection for a small business concern described in paragraph 7#b77;,f77i7-- 7,i7 the ,administration may not collect a guarantee fee under this paragraph for a loan of not more than #cej1jjj2 and 7,,ii7 for a loan of more than #cej1jjj1 the ,administration shall collect a guarantee fee under this paragraph equal to #ej percent of the guarantee fee that the ,administration would otherwise collect for the loan4 7ii7 ,exception ,the requirements of clause 7i7 shall not apply to loans made during a fiscal year if-- 7,i7 the budget of the ,president for that fiscal year1 submitted to ,congress under section #aaje7;a7 of title #ca1 ,united ,states ,code1 includes a cost for the program established under this subsection that is above zero2 and 7,,ii7 the ,administrator submits to ,congress-- 7aa7 notice regarding the determination of cost described in subclause 7,i72 and 7bb7 a detailed discussion indicating why not implementing clause 7i7 will cause the cost of the program established under this subsection to be not more than zero4 4 7c7 ,assistance through ,,sba programs ,the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq47 is amended-- 7#a7 in section #g7;a7 7#ae ,u4,s4,c4 #fcf7;a771 by adding at the end the following3 7#ce7 ,assistance for small manufacturers ,the ,administrator shall ensure that each district office of the ,administration provides training to small business concerns described in paragraph 7#b77;,f77i7 in obtaining assistance under this subsection1 including with respect to the application process and partnering with participating lenders under this subsection4 2 7#b7 in section #h 7#ae ,u4,s4,c4 #fcg71 by striking subsection 7c7 and inserting the following3 7c7 ,assistance for small manufacturers in ,,score program 7#a7 ,definition ,in this subsection1 the term ,,score program means the ,service ,corps of ,retired ,executives authorized under subsection 7b77#a77;,b74 7#b7 ,volunteers ,under the ,,score program1 the ,administrator shall recruit volunteers to assist small business concerns described in section #g7;a77#b77;,f77i7 in obtaining assistance under section #g7;a7 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq471 including with respect to the application process and partnering with participating lenders under that section4 2 7#c7 in section #ba7;c77#c7 7#ae ,u4,s4,c4 #fdh7;c77#c77-- 7,a7 in subparagraph 7,s71 by striking and at the end2 7,b7 in subparagraph 7,t71 by striking the period at the end and inserting 2 and2 and 7,c7 by adding at the end the following3 7,u7 providing training to small business concerns described in section #g7;a77#b77;,f77i7 in obtaining assistance under section #g7;a7 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq471 including with respect to the application process and partnering with participating lenders under that section4 2 7#d7 in section #bi7;b7 7#ae ,u4,s4,c4 #fef7;b77-- 7,a7 in paragraph 7#b71 by striking and at the end2 7,b7 in paragraph 7#c71 by striking the period at the end and inserting 2 and2 and 7,c7 by adding at the end the following3 7#d7 training to small business concerns owned and controlled by women that are small business concerns described in section #g7;a77#b77;,f77i7 in obtaining assistance under section #g7;a7 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq471 including with respect to the application process and partnering with participating lenders under that section4 2 and 7#e7 in section #cb 7#ae ,u4,s4,c4 #feg;b71 by adding at the end the following3 7g7 ,assistance for small manufacturers ,the ,associate ,administrator shall ensure that ,veterans ,business ,outreach ,centers assist small business concerns described in section #g7;a77#b77;,f77i7 in obtaining assistance under section #g7;a7 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq471 including with respect to the application process and partnering with participating lenders under that section4 4 7d7 ,partnering with ,,nist ,the ,small ,business ,administration and its resource partners may establish partnerships with the ,hollings ,manufacturing ,extension ,partnership ,program of the ,national ,institute of ,standards and ,technology and its affiliated centers to facilitate outreach to small manufacturers in providing training and guidance with respect to the application process for loans guaranteed by the ,administration4 #d4 ,development company debentures 7a7 ,amount of guaranteed debenture ,section #ejc7;a7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fig7;a77 is amended by adding at the end the following3 7#e7 7,a7 ,any debenture issued by a ,state or local development company to a small manufacturer 7as defined in section #eja7;e77#f77 with respect to which a guarantee is made under this subsection shall be in an amount equal to not more than #ej percent of the cost of the project with respect to which such debenture is issued4 7,b7 ,subparagraph 7,a7 shall not apply to debentures issued during a fiscal year if-- 7i7 the cost to the ,federal ,government of making guarantees under this section is above zero2 and 7ii7 the ,administrator submits to ,congress-- 7,i7 notice regarding the determination of cost described in clause 7i72 and 7,,ii7 a detailed discussion indicating why not implementing subparagraph 7,a7 will cause the cost to the ,federal ,government of making guarantees under this section to be not more than zero4 4 7b7 ,startup small manufacturers ,section #ejb7c77;,c77i7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fif7c77;,c77i77 is amended by inserting is not a small manufacturer 7as defined in section #eja7;e77#f77 and after small business concern4 #e4 ,federal loan guarantees for innovative technologies in manufacturing 7a7 ,transfer of existing program ,the ,stevenson-,wydler ,technology ,innovation ,act of #aihj 7#ae ,u4,s4,c4 #cgja et seq47 is amended-- 7#a7 by striking section #bf 7#ae ,u4,s4,c4 #cgba72 and 7#b7 by redesignating sections #bg and #bh 7#ae ,u4,s4,c4 #cgbb and #cgbc7 as sections #bf and #bg1 respectively4 7b7 ,authority of ,,sba 7#a7 ,definitions ,in this subsection-- 7,a7 the term ,administrator means the ,administrator of the ,small ,business ,administration2 7,b7 the term business loan programs of the ,administration means the programs under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 and title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq472 and 7,c7 the term small manufacturer means a business concern described in section #g7;a77#b77;,f77i7 of the ,small ,business ,act1 as amended by this ,act4 7#b7 ,authorization ,to the extent the ,administrator determines that the assistance available to small manufacturers under section #bf of the ,stevenson-,wydler ,technology ,innovation ,act of #aihj 7#ae ,u4,s4,c4 #cgba71 as in effect on the day before the date of enactment of this ,act1 is not available under the business loan programs of the ,administration1 the ,administrator shall ensure that the business loan programs of the ,administration provide adequate support for innovative technologies in manufacturing4 7#c7 ,reporting ,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 report regarding any determination or activity of the ,administrator under paragraph 7#b74 7c7 ,savings clause ,any loan guarantee issued under section #bf of the ,stevenson-,wydler ,technology ,innovation ,act of #aihj 7#ae ,u4,s4,c4 #cgba71 as in effect on the day before the date of enactment of this ,act1 shall remain in full force and effect under the terms1 and for the duration1 of the loan guarantee agreement4