,,ii #aae? ,,congress #a/ ,session ,s4 #cdg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,febru>y #i1 #bjag,mr4 ,coons 7= himself & ,mr4 ,g>dn]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to am5d ! ,small ,bus9ess ,act & ! ,small ,bus9ess ,inve/m5t ,act ( #aieh to increase ! p]c5tage ( loans gu>ante$ = small bus9ess conc]ns t are manufactur]s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,inve/+ 9 ,am]ica's ,small ,manufactur]s ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,9 #bjae1 manufactur]s contribut$ ov] #b1jjj1jjj1jjj1jjj to ! ,unit$ ,/ates economy & acc\nt$ = ov] #ab p]c5t ( ,unit$ ,/ates gross dome/ic product4 7#b7 ,manufactur+ is "o ( ! mo/ important sectors ( ! ,unit$ ,/ates economy ) respect to employm5t4 ,9 #bjac1 ! manufactur+ sector support$ ov] #ag1jjj1jjj indirect jobs 9 ! ,unit$ ,/ates1 9 addition to ! #ab1jjj1jjj individuals :o 7 directly employ$ 9 manufactur+4 ,comb9$1 ^! indirect & direct manufactur+ jobs repres5t$ m ?an #bj p]c5t ( ,unit$ ,/ates employm5t 9 #bjac--m ?an any o!r sector4 7#c7 ,:ile ! ,unit$ ,/ates has add$ ov] #ad1jjj1jjj non-f>m jobs s9ce #bjaj1 manufactur+ job gr[? has lagg$ & add$ only approximately #ijj1jjj jobs4 ,po/-recession job recov]y av]ages s9ce ! #aidjs indicate t ano!r #a1bjj1jjj manufactur+ jobs %\ld h be5 creat$ dur+ ?is p]iod4 7#d7 ,small manufactur]s are ! backbone ( ! ,unit$ ,/ates manufactur+ indu/ry1 acc\nt+ = ne>ly half ( all manufactur+ jobs 9 ! ,unit$ ,/ates4 ,ensur+ t small manufactur]s h adequate access to capital is critical to creat+ manufactur+ jobs & ! gr[? ( ! ,unit$ ,/ates economy4 7#e7 ,! #bjae ,f$]al ,res]ve ,small ,bus9ess ,cr$it ,survey indicates t ( ! #eb p]c5t ( manufactur]s t appli$ = f9anc+ dur+ ! survey p]iod1 #fe p]c5t did s to exp& _! bus9ess or to pursue a new bus9ess opportunity4 ,! survey also indicates t #db p]c5t ( manufactur]s receiv$ less f9anc+ ?an !y reque/$1 ! prim>y result ( :i* 0 delay$ expansion ( _! bus9ess4 7#f7 ,! loan gu>antee programs ( ! ,small ,bus9ess ,adm9i/ration "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq47 enc\rage l5d]s to provide loans to cr$itwor?y small bus9esses t w\ld n o!rwise obta9 f9anc+ on reasonable t]ms & conditions & c s]ve z an excell5t me*anism by :i* to increase ! availability ( af=dable cr$it to small manufactur]s 9 ! ,unit$ ,/ates4 #c4 ,small manufactur]s 7a7 ,loan gu>antee p]c5tage ,section #g7;a77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77 is am5d$-- 7#a7 9 subp>agraph 7,a71 9 ! matt] prec$+ clause 7i71 by /rik+ & 7,e7 & ins]t+ 7,e71 & 7,f72 & 7#b7 by add+ at ! end ! foll[+3 7,f7 ,p>ticipation = manufactur]s 7i7 ,9 g5]al ,9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u ?is subsection = a small bus9ess conc]n assign$ to a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+ or t is designat$ by ! ,adm9i/rator "u clause 7ii71 ! p>ticipation by ! ,adm9i/ration %all be #ij p]c5t4 7ii7 ,addition ( advanc$ manufactur+ sectors ,aft] submitt+ notice to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives1 ! ,adm9i/rator may designate a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = purposes ( clause 7i7 if ! ,adm9i/rator det]m9es ! code-- 7,i7 is n a manufactur+ code "u ! ,nor? ,am]ican ,indu/ry ,classification ,sy/em2 & 7,,ii7 corresponds to a sector 9 :i* manufactur+ is a consid]able compon5t ( ! op]ations ( a small bus9ess conc]n1 z det]m9$ by ! ,adm9i/rator1 includ+ advanc$ manufactur+4 4 7b7 ,gu>antee fee r$uction ,section #g7;a77#ah7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77 is am5d$-- 7#a7 9 subp>agraph 7,a71 by /rik+ ,) respect & ins]t+ ,except z provid$ 9 subp>agraph 7,c71 ) respect2 & 7#b7 by add+ at ! end ! foll[+3 7,c7 ,manufactur]s 7i7 ,9 g5]al ,subject to clause 7ii71 ) respect to a loan gu>ante$ "u ?is subsection = a small bus9ess conc]n describ$ 9 p>agraph 7#b77;,f77i7-- 7,i7 ! ,adm9i/ration may n collect a gu>antee fee "u ?is p>agraph = a loan ( n m ?an #cej1jjj2 & 7,,ii7 = a loan ( m ?an #cej1jjj1 ! ,adm9i/ration %all collect a gu>antee fee "u ?is p>agraph equal to #ej p]c5t ( ! gu>antee fee t ! ,adm9i/ration w\ld o!rwise collect = ! loan4 7ii7 ,exception ,! requirem5ts ( clause 7i7 %all n apply to loans made dur+ a fiscal ye> if-- 7,i7 ! budget ( ! ,presid5t = t fiscal ye>1 submitt$ to ,congress "u section #aaje7;a7 ( title #ca1 ,unit$ ,/ates ,code1 includes a co/ = ! program e/abli%$ "u ?is subsection t is above z]o2 & 7,,ii7 ! ,adm9i/rator submits to ,congress-- 7aa7 notice reg>d+ ! det]m9ation ( co/ describ$ 9 subclause 7,i72 & 7bb7 a detail$ discussion indicat+ :y n implem5t+ clause 7i7 w cause ! co/ ( ! program e/abli%$ "u ?is subsection to be n m ?an z]o4 4 7c7 ,assi/ance ?r\gh ,,sba programs ,! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 7#a7 9 section #g7;a7 7#ae ,u4,s4,c4 #fcf7;a771 by add+ at ! end ! foll[+3 7#ce7 ,assi/ance = small manufactur]s ,! ,adm9i/rator %all ensure t ea* di/rict (fice ( ! ,adm9i/ration provides tra9+ to small bus9ess conc]ns describ$ 9 p>agraph 7#b77;,f77i7 9 obta9+ assi/ance "u ?is subsection1 includ+ ) respect to ! application process & p>tn]+ ) p>ticipat+ l5d]s "u ?is subsection4 2 7#b7 9 section #h 7#ae ,u4,s4,c4 #fcg71 by /rik+ subsection 7c7 & ins]t+ ! foll[+3 7c7 ,assi/ance = small manufactur]s 9 ,,score program 7#a7 ,def9ition ,9 ?is subsection1 ! t]m ,,score program means ! ,s]vice ,corps ( ,retir$ ,executives au?oriz$ "u subsection 7b77#a77;,b74 7#b7 ,volunte]s ,"u ! ,,score program1 ! ,adm9i/rator %all recruit volunte]s to assi/ small bus9ess conc]ns describ$ 9 section #g7;a77#b77;,f77i7 9 obta9+ assi/ance "u section #g7;a7 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq471 includ+ ) respect to ! application process & p>tn]+ ) p>ticipat+ l5d]s "u t section4 2 7#c7 9 section #ba7;c77#c7 7#ae ,u4,s4,c4 #fdh7;c77#c77-- 7,a7 9 subp>agraph 7,s71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,t71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7,u7 provid+ tra9+ to small bus9ess conc]ns describ$ 9 section #g7;a77#b77;,f77i7 9 obta9+ assi/ance "u section #g7;a7 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq471 includ+ ) respect to ! application process & p>tn]+ ) p>ticipat+ l5d]s "u t section4 2 7#d7 9 section #bi7;b7 7#ae ,u4,s4,c4 #fef7;b77-- 7,a7 9 p>agraph 7#b71 by /rik+ & at ! end2 7,b7 9 p>agraph 7#c71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7#d7 tra9+ to small bus9ess conc]ns own$ & controll$ by wom5 t are small bus9ess conc]ns describ$ 9 section #g7;a77#b77;,f77i7 9 obta9+ assi/ance "u section #g7;a7 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq471 includ+ ) respect to ! application process & p>tn]+ ) p>ticipat+ l5d]s "u t section4 2 & 7#e7 9 section #cb 7#ae ,u4,s4,c4 #feg;b71 by add+ at ! end ! foll[+3 7g7 ,assi/ance = small manufactur]s ,! ,associate ,adm9i/rator %all ensure t ,vet]ans ,bus9ess ,outrea* ,c5t]s assi/ small bus9ess conc]ns describ$ 9 section #g7;a77#b77;,f77i7 9 obta9+ assi/ance "u section #g7;a7 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq471 includ+ ) respect to ! application process & p>tn]+ ) p>ticipat+ l5d]s "u t section4 4 7d7 ,p>tn]+ ) ,,ni/ ,! ,small ,bus9ess ,adm9i/ration & its res\rce p>tn]s may e/abli% p>tn]%ips ) ! ,holl+s ,manufactur+ ,ext5sion ,p>tn]%ip ,program ( ! ,national ,in/itute ( ,/&>ds & ,te*nology & its affiliat$ c5t]s to facilitate outrea* to small manufactur]s 9 provid+ tra9+ & guidance ) respect to ! application process = loans gu>ante$ by ! ,adm9i/ration4 #d4 ,developm5t company deb5tures 7a7 ,am\nt ( gu>ante$ deb5ture ,section #ejc7;a7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fig7;a77 is am5d$ by add+ at ! end ! foll[+3 7#e7 7,a7 ,any deb5ture issu$ by a ,/ate or local developm5t company to a small manufactur] 7z def9$ 9 section #eja7;e77#f77 ) respect to :i* a gu>antee is made "u ?is subsection %all be 9 an am\nt equal to n m ?an #ej p]c5t ( ! co/ ( ! project ) respect to :i* su* deb5ture is issu$4 7,b7 ,subp>agraph 7,a7 %all n apply to deb5tures issu$ dur+ a fiscal ye> if-- 7i7 ! co/ to ! ,f$]al ,gov]nm5t ( mak+ gu>antees "u ?is section is above z]o2 & 7ii7 ! ,adm9i/rator submits to ,congress-- 7,i7 notice reg>d+ ! det]m9ation ( co/ describ$ 9 clause 7i72 & 7,,ii7 a detail$ discussion indicat+ :y n implem5t+ subp>agraph 7,a7 w cause ! co/ to ! ,f$]al ,gov]nm5t ( mak+ gu>antees "u ?is section to be n m ?an z]o4 4 7b7 ,/>tup small manufactur]s ,section #ejb7c77;,c77i7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fif7c77;,c77i77 is am5d$ by ins]t+ is n a small manufactur] 7z def9$ 9 section #eja7;e77#f77 & aft] small bus9ess conc]n4 #e4 ,f$]al loan gu>antees = innovative te*nologies 9 manufactur+ 7a7 ,transf] ( exi/+ program ,! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgja et seq47 is am5d$-- 7#a7 by /rik+ section #bf 7#ae ,u4,s4,c4 #cgba72 & 7#b7 by r$esignat+ sections #bg & #bh 7#ae ,u4,s4,c4 #cgbb & #cgbc7 z sections #bf & #bg1 respectively4 7b7 ,au?ority ( ,,sba 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration2 7,b7 ! t]m bus9ess loan programs ( ! ,adm9i/ration means ! programs "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 & title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq472 & 7,c7 ! t]m small manufactur] means a bus9ess conc]n describ$ 9 section #g7;a77#b77;,f77i7 ( ! ,small ,bus9ess ,act1 z am5d$ by ?is ,act4 7#b7 ,au?orization ,to ! ext5t ! ,adm9i/rator det]m9es t ! assi/ance available to small manufactur]s "u section #bf ( ! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgba71 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act1 is n available "u ! bus9ess loan programs ( ! ,adm9i/ration1 ! ,adm9i/rator %all ensure t ! bus9ess loan programs ( ! ,adm9i/ration provide adequate support = innovative te*nologies 9 manufactur+4 7#c7 ,report+ ,! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report reg>d+ any det]m9ation or activity ( ! ,adm9i/rator "u p>agraph 7#b74 7c7 ,sav+s clause ,any loan gu>antee issu$ "u section #bf ( ! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgba71 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act1 %all rema9 9 full =ce & effect "u ! t]ms1 & = ! duration1 ( ! loan gu>antee agreem5t4