,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #adcb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #bh1         
#bjai,mr4 ,mc,nerney 7= himself1 ,ms4   
,b>ragn1 ,ms4 ,judy ,*u ( ,cali=nia1    
,mr4 ,ru%1 & ,mr4 ,"y7 introduc$ !      
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices1 & 9   
addition to ! ,committee on ,small      
,bus9ess1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to e/abli% a ,m9ority ,bus9ess
 ,developm5t ,adm9i/ration 9 ! ,dep>tm5t
 ( ,comm]ce1 to cl>ify ! relation%ip    
betwe5 su* ,adm9i/ration & ! ,small     
,bus9ess ,adm9i/ration1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,m9ority ,bus9ess          
,developm5t ,act ( #bjai4  #b4 ,f9d+s & 
purpose  7a7 ,f9d+s ,! ,congress f9ds   
t--  7#a7 ! opportunity = full          
p>ticipation 9 our free ent]prise sy/em 
by socially & economically disadvantag$ 

individuals is ess5tial if we are to    
obta9 social & economic equality = su*  
individuals & improve ! function+ ( our 
national economy2  7#b7 _m su*          
individuals are socially disadvantag$   
because ( _! id5tification z memb]s (   
c]ta9 gr\ps t h suff]$ ! effects (      
discrim9atory practices or simil>       
invidi\s circum/ances ov] :i* !y h no   
control2  7#c7 su* gr\ps include1 b are 
n limit$ to1 ,african ,am]icans1        
,hispanic ,am]icans1 ,native ,am]icans1 
,asian ,pacific ,am]icans1 ,asian       
,indian ,am]icans1 & o!r m9orities2     
7#d7 x is 9 ! national int]e/ to        
exp$iti\sly ameliorate ! conditions (   
socially & economically disadvantag$    
gr\ps2  7#e7 su* conditions c be improv$
 by provid+ ! maximum practicable       
opportunity = ! developm5t ( bus9ess    
conc]ns own$ by memb]s ( socially &     
economically disadvantag$ gr\ps2  7#f7  
su* opportunity _c be fully realiz$     
unless ! ,f$]al ,gov]nm5t secures !     
p>ticipation & coop]ation ( ! private   

sector 9 a jo9t ef=t to promote !       
developm5t ( bus9ess own$ by            
disadvantag$ individuals2  7#g7 su* ef=t
 w result 9 a m equitable %>e (         
productive res\rces be+ devot$ to       
bus9ess own$ by ! disadvantag$ & w      
promote a balanc$ economy & increas$    
competition2  7#h7 :ile o!r ,f$]al      
ag5cies focus on broad] demographic &   
em]g+ bus9esses1 ,,mbda focuses         
exclusively on ! unique ne$s (          
m9ority-own$ bus9esses & enhanc+ !      
capacity & rea* ( m$ium & l>ge scale    
m9ority-own$ firms2 &  7#i7 ,,mbda's    
national network ( bus9ess c5t]s is     
critical to assi/+ m9ority-own$         
bus9esses ga9 access to capital1        
contracts1 & new m>kets ?r\gh           
public-private engagem5t4 ,!re=e1       
,congress mu/ cont9ue to inve/ 9 !      
,,mbda bus9ess c5t]s1 z !y provide      
direct s]vices to m9ority-own$          
bus9esses4  7b7 ,purpose ,x is1 !re=e1 !
 purpose ( ?is ,act to-- 7#a7 e/abli% an
 ,adm9i/ration )9 ! ,dep>tm5t ( ,comm]ce

 :i* w promote & adm9i/] programs 9 !   
private & public sectors to assi/ !     
developm5t ( bus9ess own$ by !          
disadvantag$2 &  7#b7 a*ieve su*        
developm5t ?r\gh ! conduct ( programs   
:i* w result 9 increas$ access to skill$
 labor1 capital1 managem5t1 & te*nology 
by su* bus9ess4  #c4 ,def9itions ,z us$ 
9 ?is ,act ! foll[+ t]ms h ! foll[+     
mean+s3 7#a7 ,! t]m ,secret>y means !   
,secret>y ( ,comm]ce4  7#b7 ,! t]ms     
,/ate1 ,/ates1 & ,unit$ ,/ates include !
 sev]al ,/ates1 ! ,di/rict ( ,columbia1 
! ,commonweal? ( ,pu]to ,rico1 & !      
t]ritories ( ! ,virg9 ,isl&s1 ,guam1    
,am]ican ,samoa1 & ! ,commonweal? ( !   
,nor!rn ,m>iana ,isl&s4  7#c7 ,! t]ms   
socially & economically disadvantag$    
bus9ess conc]ns & disadvantag$ bus9ess  
means any =-pr(it bus9ess ent]prise :i* 
is at lea/ #ea p]c5t own$ by "o or m    
socially & economically disadvantag$    
individuals2 or1 9 ! case ( any publicly
 own$ bus9ess1 at lea/ #ea p]c5t ( !    
/ock ( :i* is own$ by "o or m socially &

 economically disadvantag$ individuals2 
& ^: managem5t & daily bus9ess op]ations
 are controll$ by "o or m ( su*         
individuals4  7#d7 ,! t]m socially      
disadvantag$ individuals means ^? :o h  
be5 subject$ to racial or e?nic         
prejudice or cultural bias because ( _! 
id5tity z a memb] ( a gr\p )\t reg>d to 
_! individual qualities4  7#e7  7,a7 ,! 
t]m economically disadvantag$           
individuals means ^? socially           
disadvantag$ individuals ^: ability to  
compete 9 ! free ent]prise sy/em has be5
 impair$ due to dim9i%$ capital & cr$it 
opportunities z comp>$ to o!rs 9 ! same 
bus9ess area t are n socially           
disadvantag$4  7,b7 ,! ,assi/ant        
,secret>y %all presume t socially &     
economically disadvantag$ individuals   
include ,black ,am]icans1 ,hispanic     
,am]icans1 ,native ,am]icans1 ,asian    
,pacific ,am]icans1 ,asian ,indian      
,am]icans1 individuals f\nd to be       
disadvantag$ by ! ,small ,bus9ess       
,adm9i/ration pursuant to section #h7;a7

 ( ! ,small ,bus9ess ,act1 o!r          
individuals s designat$ by ! ,m9ority   
,bus9ess ,developm5t ,ag5cy "u section  
#adjj4a ( title #ae ( ! ,code ( ,f$]al  
,regulations 7z 9 effect on ,octob] #a1 
#aihf71 & o!r individuals belong+ to o!r
 m9ority gr\ps :i* ! ,small ,bus9ess    
,adm9i/ration may1 f "t to "t1 det]m9e  
to be socially & economically           
disadvantag$ gr\ps pursuant to ,public  
,law #ie-ejg4  7#f7 ,! t]m ,adm9i/ration
 means ! ,m9ority ,bus9ess ,developm5t  
,adm9i/ration e/abli%$ by ?is ,act4     
7#g7 ,! t]m ,assi/ant ,secret>y means ! 
,assi/ant ,secret>y ( ! ,m9ority        
,bus9ess ,developm5t ,adm9i/ration4     
7#h7 ,! t]m ag5cy means any executive   
ag5cy z def9$ 9 section #aje ( title #e1
 ,unit$ ,/ates ,code1 & ! milit>y       
dep>tm5ts z def9$ by section #ajb (     
title #e1 ,unit$ ,/ates ,code4  7#i7 ,! 
t]m public sector means any ,/ate1 ,/ate
 ag5cy1 political subdivision ( a ,/ate1
 or ag5cy ( su* a political subdivision4
  7#aj7 ,! t]m private sector means any 

entity :i* is n 9 ! public sector       
exclud+ ! ,f$]al ,gov]nm5t & its ag5cies
 & in/rum5talities4  #d4 ,m9ority       
bus9ess developm5t adm9i/ration  7a7    
,e/abli%m5t ,! ,m9ority ,bus9ess        
,developm5t ,ag5cy 9 ! ,dep>tm5t (      
,comm]ce is h]eby r$esignat$ & e/abli%$ 
z ! ,m9ority ,bus9ess ,developm5t       
,adm9i/ration4 ,! ,adm9i/ration %all be 
head$ by an ,assi/ant ,secret>y (       
,comm]ce appo9t$ by ! ,presid5t1 by & ) 
! advice & cons5t ( ! ,s5ate4 ,!        
,assi/ant ,secret>y %all be comp5sat$ at
 ! rate n[ or h]eaft] provid$ = level   
,,iv ( ! ,executive ,s*$ule & %all h    
responsibility = ! adm9i/ration ( ?is   
,act4 ,?is position %all be 9 addition  
to ! o!r positions ( ,assi/ant ,secret>y
 :i* are au?oriz$ by law4  7b7 ,,mbda   
,bus9ess ,c5t]s ,! ,m9ority ,bus9ess    
,developm5t ,adm9i/ration is direct$ to 
allocate up to #be p]c5t ( its total    
appropriation t[>d coop]ative agreem5ts1
 ext]nal aw>ds1 & grants to cont9ue !   
traditional ,bus9ess ,c5t] program &    

,specialty ,project ,c5t] program ( !   
,m9ority ,bus9ess ,developm5t           
,adm9i/ration4  7c7 ,report to ,congress
 ,)9 #abj days aft] ! effective date (  
?is subsection1 ! ,secret>y %all in=m   
appropriate committees ( bo? ! ,s5ate & 
,h\se ( ,repres5tatives (--  7#a7 !     
organizational /ructure e/abli%$ )9 !   
,adm9i/ration2  7#b7 ! organizational   
position ( ! ,adm9i/ration )9 !         
,dep>tm5t ( ,comm]ce2 &  7#c7 a         
description ( h[ ! ,adm9i/ration %all   
function 9 relation to ! op]ations ( o!r
 ag5cies )9 ! ,dep>tm5t4  ,i ,,m>ket    
,,developm5t  #aja4 ,private sector     
developm5t  7a7 ,duties ( ! adm9i/ration
 ,x %all be ! duty ( ! ,adm9i/ration & x
 is h]eby emp[]$1 :5ev] x det]m9es su*  
action is necess>y or appropriate--     
7#a7 to assi/ disadvantag$ bus9ess      
conc]ns p5etrate dome/ic & =eign m>kets 
by mak+ available to su* conc]ns1 ei!r  
directly or 9 coop]ation ) private      
sector organizations1 managem5t1 &      
te*nological assi/ance1 a skill$ labor  

pool1 & f9ancial & m>ket+ s]vices2 &    
7#b7 to enc\rage disadvantag$ firms to  
e/abli% jo9t v5tures & projects ei!r    
among !mselves or 9 coop]ation ) public 
or private sector organizations = !     
purpose ( increas+ ! %>e ( any m>ket    
activity n[ be+ p]=m$ by disadvantag$   
bus9ess4  7b7 ,jo9t programs p]mitt$ ,= 
purposes ( subsection 7a77#b73 7#a7 ,!  
,assi/ant ,secret>y may1 aft]           
consultation ) ! ,attorney ,g5]al & !   
,*airman ( ! ,f$]al ,trade ,commission1 
& ) ! prior writt5 approval ( !         
,attorney ,g5]al1 approve any agreem5t  
betwe5 su* disadvantag$ firms or public 
or private sector organizations provid+ 
= a jo9t program = m>ket developm5t if !
 ,assi/ant ,secret>y f9ds t ! jo9t      
program propos$ w ma9ta9 & /r5g!n ! free
 ent]prise sy/em & ! economy ( !        
,nation4 ,! ,assi/ant ,secret>y or !    
,attorney ,g5]al may at any "t )draw    
approval ( ! agreem5t & ! jo9t program =
 m>ket developm5t cov]$ !reby1 if ei!r  
f9ds t ! agreem5t or ! jo9t program     

c>ri$ on "u x is no long] 9 ! be/       
int]e/s ( ! competitive free ent]prise  
sy/em & ! economy ( ! ,nation4 ,a copy (
 ! /atem5t ( any su* f9d+ & approval    
int5d$ to be )9 ! cov]age ( ?is         
p>agraph1 & a copy ( any modification or
 )drawal ( approval1 %all be publi%$ 9 !
 ,f$]al ,regi/]4 ,! au?ority conf]r$ by 
?is on ! ,assi/ant ,secret>y %all n be  
delegat$4  7#b7 ,no act or omission to  
act1 pursuant to & )9 ! scope ( any jo9t
 program = m>ket developm5t "u an       
agreem5t approv$ by ! ,assi/ant         
,secret>y "u ?is subsection1 %all be    
con/ru$ to be )9 ! prohibitions ( !     
antitru/ laws or ! ,f$]al ,trade        
,commission ,act4 ,^u publication 9 !   
,f$]al ,regi/] ( ! notice ( )drawal ( 8 
approval ( ! agreem5t grant$ "u ?is     
p>agraph1 ei!r by ! ,assi/ant ,secret>y 
or by ! ,attorney ,g5]al1 ! provisions (
 ?is p>agraph %all n apply to any       
subsequ5t act or omission to act4  7c7  
,requirem5t ( p>ticipation ( small      
bus9ess conc]n 9 jo9t program ,at lea/  

#a p>ty to ea* agreem5t = a jo9t program
 = m>ket developm5t approv$ "u          
subsection 7b7 %all be a small bus9ess  
conc]n1 z def9$ pursuant to section #c (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fcb74 ,if !re are m ?an #b p>ties to   
su* an agreem5t1 a majority ( ! p>ties  
%all be small bus9ess conc]ns4  7d7     
,f9ancial assi/ance ,9 ord] to c>ry out 
! purposes ( ?is section1 !             
,adm9i/ration is h]eby au?oriz$ to      
provide f9ancial assi/ance 9 ! =m (     
contracts1 grants1 or coop]ative        
agreem5ts to & ) public & private sector
 organizations1 includ+ any association1
 bus9ess firm1 trade association1 or    
bus9ess organization4 ,no assi/ance may 
be provid$ "u ! au?ority ( ?is          
subsection if su* assi/ance is prim>ily 
int5d$ to facilitate ! use by           
disadvantag$ bus9ess ( f$]ally adm9i/]$ 
programs 7n o!rwise e/abli%$ by ?is     
,act7 unless ! ,assi/ant ,secret>y      
obta9s ! prior concurr5ce & writt5      
approval ( ! ,small ,bus9ess            

,adm9i/ration4  #ajb4 ,public sector    
developm5t  7a7 ,duties ( ! adm9i/ration
 ,x %all be ! duty ( ! ,adm9i/ration & x
 is h]eby emp[]$1 :5ev] x det]m9es su*  
action is necess>y or appropriate--     
7#a7 to consult & coop]ate ) ,/ate &    
local gov]nm5ts = ! purpose ( lev]ag+   
local res\rces to promote ! position (  
disadvantag$ bus9ess 9 ! local economy1 
includ+1 b n be limit$ to1 assi/+ su*   
gov]nm5ts to e/abli%--  7,a7 procurem5t 
programs & goals = ! utilization (      
disadvantag$ bus9ess2  7,b7 managem5t & 
te*nological assi/ance programs2  7,c7  
f9ancial & m>ket+ assi/ance programs2   
7,d7 mobilization activities design$ to 
attract skill$ labor = use by           
disadvantag$ firms2 &  7,e7 an          
in=mational program design$ to in=m     
local disadvantag$ bus9ess ( !          
availability ( programs conduct$ "u !   
au?ority ( ?is section2 &  7#b7 to      
conv5e meet+s ) lead]s & (ficials (     
,/ate & local gov]nm5ts = ! purpose (   
recomm5d+ & promot+ local adm9i/rative &

 legislative initiatives ne$$ to advance
 ! position ( disadvantag$ bus9ess 9 !  
local economy4  7b7 ,f9ancial assi/ance 
,9 ord] to c>ry out ! purposes (        
subsection 7a7 ! ,adm9i/ration is h]eby 
au?oriz$ to provide f9ancial assi/ance  
to ,/ate & local gov]nm5ts 9 ! =m (     
contracts1 grants1 or coop]ative        
agreem5ts4  7c7 ,publications 9 ! f$]al 
regi/]  7#a7 ,at lea/ #abj days be=e !  
beg9n+ ( ea* fiscal ye>1 ! ,adm9i/ration
 %all publi% = public comm5t 9 ! ,f$]al 
,regi/] ! actual or anticipat$ am\nt (  
f9ancial assi/ance t w or may be        
available 9 ! imm$iately succe$+ fiscal 
ye> = grants1 contracts1 & coop]ative   
agreem5ts plann$ to be aw>d$ pursuant to
 ?is section4 ,su* publication %all also
 id5tify ! propos$ allocation ( funds   
betwe5 ! sev]al ,/ates 7& cities )9 su* 
,/ates7 & ! exact me?odology us$ by !   
,adm9i/ration to make su* propos$       
allocations4  7#b7 ,at lea/ #fj days    
prior to ! beg9n+ ( ea* fiscal ye>1 !   
,adm9i/ration %all publi% 9 ! ,f$]al    

,regi/] its response to comm5ts receiv$ 
pursuant to p>agraph 7#a7 & any *ange 9 
! allocation me?odology :i* may be      
adopt$ z a result !re( includ+ its      
effect on ! allocation ( funds on !     
sev]al ,/ates 7& cities )9 su* ,/ates7 =
 ! imm$iately succe$+ fiscal ye>4  ,,ii 
,,capital ,,=mation  #bja4 ,access to   
equity capital  ,! ,securities &        
,ex*ange ,commission %all consult &     
coop]ate ) ! ,adm9i/ration 9 an ef=t to 
promote access by disadvantag$ bus9ess  
to securities m>kets & o!rwise a*ieve ! 
purposes ( ?is title4  #bjb4 ,mbda /udy 
on capital =mation alt]natives  7a7 ,9  
g5]al ,! ,adm9i/rator %all conduct a    
/udy on alt]natives = provid+ capital   
=mation assi/ance to qualifi$           
disadvantag$ bus9ess conc]ns4  7b7      
,report ,! ,adm9i/rator %all submit a   
report to ,congress )9 #f mon?s4  ,,iii 
,,managem5t ,,educational ,,developm5t  
#cja4 ,duties ( ! adm9i/ration ,x %all  
be ! duty ( ! ,adm9i/ration & x is h]eby
 emp[]$1 :5ev] x det]m9es su* action is 

necess>y or appropriate to--  7#a7      
promote & assi/ ! education & tra9+ (   
disadvantag$ individuals 9 subjects     
directly relat$ to bus9ess adm9i/ration 
& managem5t2  7#b7 jo9 ) & enc\rage     
accr$it$ colleges & univ]sities1 lead]s 
9 bus9ess & indu/ry1 or o!r public or   
private entities1 p>ticul>ly = pr(it    
entities own$ & op]at$ by socially &    
economically disadvantag$ individuals1  
to develop programs to (f] s*ol>%ips &  
fell[%ips1 appr5tice%ips1 int]n%ips1 &  
to sponsor sem9>s & conf]5ces & simil>  
activities relat$ to bus9ess = ! b5efit 
( disadvantag$ individuals2  7#c7       
/imulate & accel]ate curriculum design &
 improvem5t 9 support ( disadvantag$    
bus9ess developm5t2 &  7#d7 enc\rage &  
assi/ private in/itutions &             
organizations & ,/ate & local gov]nm5t  
ag5cies to und]take simil> activities4  
,,iv ,,rese>* ,,& ,,in=mation  #dja4    
,duties ( ! adm9i/ration  7a7 ,report on
 requir$ productive res\rces ,n lat] ?an
 #a ye> aft] ! effective date ( ?is     

subsection1 ! ,adm9i/ration %all submit 
to ! ,congress a report detail+ ! types 
& am\nts ( productive res\rces 7bo?     
public & private7 ne$$ to advance &     
repres5t disadvantag$ bus9ess at all    
phases & levels ( ! economic sy/em 9    
numb]s repres5tative ( ! relative       
population ( disadvantag$ individuals 9 
! ,unit$ ,/ates4 ,! report %all provide 
sep>ate recomm5dations = a*iev+ su*     
repres5tation ?r\gh a phas$ approa*     
involv+ %ort-t]m & long-t]m goals &     
objectives4  7b7 ,p[]s & duties  7#a7 ,9
 ord] to a*ieve ! purposes ( ?is ,act1 !
 ,adm9i/ration %all-- 7,a7 collect &    
analyze data1 includ+1 b n limit$ to1 ! 
causes = success or failure ( bus9esses 
own$ by ! disadvantag$2  7,b7 p]=m      
evaluations ( private & public sector   
programs design$ to assi/ ! developm5t (
 disadvantag$ bus9ess2 &  7,c7 conduct  
rese>*1 /udies1 & surveys ( economic    
conditions g5]ally & h[ su* conditions  
p>ticul>ly affect ! developm5t (        
disadvantag$ bus9ess4  7#b7 ,!          

,adm9i/ration is h]eby au?oriz$ to      
provide f9ancial assi/ance by contract1 
grant1 or coop]ative agreem5t to public 
& private organizations to assi/ !      
,adm9i/ration 9 c>ry+ out ! provisions (
 p>agraph 7#a74  7#c7 ,! ,adm9i/ration  
is h]eby au?oriz$ to e/abli% & ma9ta9 an
 in=mation cle>+h\se = ! collection &   
dissem9ation ( demographic1 economic1   
f9ancial1 manag]ial1 & te*nical data    
p]t95t to disadvantag$ bus9ess &1 to ?is
 end1 to take su* /eps z ! ,adm9i/ration
 may deem necess>y & desirable to se>*  
=1 collect1 classify1 coord9ate1        
integrate1 record1 & catalog su*        
in=mation4  ,v ,,adm9i/rative ,,& ,,o!r 
,,p[]s ,,( ,,! ,,adm9i/ration2          
,,miscellane\s ,,provisions  #eja4      
,adm9i/rative p[]s ,9 p]=m+ ! duties "u 
?is ,act1 ! ,adm9i/ration is au?oriz$   
to-- 7#a7 adopt & use a seal = !        
,m9ority ,bus9ess ,developm5t           
,adm9i/ration :i* %all be judicially    
notic$2  7#b7 hold he>+s1 sit & act1 &  
take te/imony z ! ,adm9i/ration may deem

 advisable2  7#c7 acquire 9 any lawful  
mann] any prop]ty z ! ,adm9i/ration may 
deem necess>y or appropriate to conduct 
! activities au?oriz$ 9 ?is ,act2  7#d7 
make advance paym5ts "u grants1         
contracts1 & coop]ative agreem5ts2  7#e7
 donate )\t co/ 7except = co/s ( c>e &  
h&l+7 = use 9 any ,f$]al1 ,/ate1 or     
local gov]nm5t or 9 any recipi5t        
nonpr(it organization = purposes ( !    
developm5t ( disadvantag$ bus9ess any   
real or tangible p]sonal prop]ty acquir$
 by ! ,adm9i/ration "u ?is ,act4 ,!     
,adm9i/ration may impose reasonable     
t]ms1 conditions1 res]vations1 &        
re/rictions ^u ! use ( any prop]ty      
donat$ "u ?is section2  7#f7 ent] into  
agreem5ts ) o!r ,f$]al ag5cies2  7#g7   
employ exp]ts & consultants or          
organizations !re( z au?oriz$ by section
 #caji ( title #e1 ,unit$ ,/ates ,code1 
to comp5sate individuals s employ$ at   
rates n 9 excess ( ! p] diem rate       
au?oriz$ = ,,gs-#ae ( ! ,g5]al ,s*$ule1 
includ+ travel "t1 & all[ !m travel     

exp5ses 7includ+ p] diem 9 lieu (       
subsi/5ce7 :ile away f _! homes or      
regul> places ( bus9ess1 z au?oriz$ by  
section #egjc ( title #e1 ,unit$ ,/ates 
,code1 = p]sons 9 ! ,gov]nm5t s]vice    
employ$ int]mitt5tly1 :ile s employ$2   
contracts = su* employm5t may be r5ew$  
annually2  7#h7 sue & be su$ 9 any c\rt 
( record ( a ,/ate hav+ g5]al           
jurisdiction or 9 any ,unit$ ,/ates     
di/rict c\rt1 & jurisdiction is conf]r$ 
^u su* di/rict c\rt to det]m9e su*      
controv]sies )\t reg>d to ! am\nt 9     
controv]sy2 b no atta*m5t1 g>ni%m5t1 or 
o!r simil> process1 mesne or f9al1 %all 
be issu$ aga9/ ! ,adm9i/ration or its   
prop]ty2 no?+ 9 ?is ,act %all be con/ru$
 to except ! activities "u ?is ,act f   
application ( sections #ejg7;b71 #eag1 &
 #bfgi ( title #bh1 ,unit$ ,/ates ,code2
 &  7#i7 prescribe su* rules1           
regulations1 & proc$ures z !            
,adm9i/ration may deem appropriate to   
c>ry out ?is ,act4  #ejb4 ,audits  7a7  
,recordkeep+ requirem5t ,ea* recipi5t ( 

assi/ance "u ?is ,act %all keep su*     
records z ! ,adm9i/ration %all          
prescribe1 includ+ records :i* fully    
disclose ! am\nt & ! disposition by !   
recipi5t ( ! proce$s ( su* assi/ance1 ! 
total co/ ( ! und]tak+ = :i* su*        
assi/ance is giv5 or us$1 ! am\nt &     
nature ( t portion ( ! co/ ( ! und]tak+ 
suppli$ by o!r s\rces1 & su* o!r records
 z w facilitate an effective audit4  7b7
 ,access by gov]nm5t (ficials ,!        
,assi/ant ,secret>y1 ! ,inspector ,g5]al
 ( ! ,dep>tm5t ( ,comm]ce1 & !          
,comptroll] ,g5]al ( ! ,unit$ ,/ates1 or
 any ( _! duly au?oriz$ repres5tatives1 
%all h access = ! purpose ( audit1      
inve/igation1 & exam9ation to any books1
 docum5ts1 pap]s1 records1 & o!r        
mat]ials ( ! recipi5t :i* are p]t95t to 
! assi/ance receiv$ "u ?is ,act4  7c7   
,review by comptroll] g5]al ,n lat] ?an 
#ah mon?s aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,comptroll] ,g5]al ( ! ,unit$  
,/ates %all conduct a ?or\gh review ( ! 
programs au?oriz$ by ?is ,act & %all    

transmit to ! ,congress a detail$ report
 ( ! ,comptroll]'s f9d+s1 includ+ !re9  
an evaluation ( ! effectiv5ess ( !      
programs au?oriz$ to a*ieve ! purpose ( 
?is ,act1 a description ( any failure to
 comply ) ! requirem5ts ( ?is ,act1 &   
recomm5dations = corrective legislative 
or adm9i/rative action4  #ejc4 ,annual  
report ,! ,assi/ant ,secret>y %all1 n   
lat] ?an #abj days aft] ! close ( ea*   
fiscal ye>1 submit to ! ,presid5t a full
 report ( ! ,adm9i/ration's activities  
h]eund] dur+ ! previ\s fiscal ye>4      
,fur!r1 ! ,assi/ant ,secret>y %all1 f "t
 to "t1 submit to ! ,presid5t           
recomm5dations = legislation or o!r     
actions z ! ,assi/ant ,secret>y deems   
desirable to promote ! purposes ( ?is   
,act4 ,ea* ,f$]al ag5cy %all consult ) !
 ,assi/ant ,secret>y on a timely basis s
 t ! ,assi/ant ,secret>y may consid] !m 
= ! ,assi/ant ,secret>y's report &      
recomm5dations to ! ,presid5t4  #ejd4   
,sep>ability ,if any provision ( ?is    
,act or ! application !re( to any p]sons

 or circum/ances %all be adjudg$ by any 
c\rt ( compet5t jurisdiction to be      
invalid1 su* judgm5t %all n affect1     
impair1 or invalidate ! rema9d] ( ?is   
,act or its application to o!r p]sons & 
circum/ances1 b %all be conf9$ 9 its    
op]ation to ! provision ( ?is ,act or ! 
application !re( to ! p]sons &          
circum/ances directly involv$ 9 !       
controv]sy 9 :i* su* judgm5t %all h be5 
r5d]$4  #eje4 ,au?orization =           
appropriations ,!re are h]eby au?oriz$  
to be appropriat$ su* sums z may be     
necess>y & appropriate to c>ry out !    
provisions & purposes ( ?is ,act o!r ?an
 ^? = :i* appropriations may f "t to "t 
be specifically au?oriz$4  #ejf4        
,t]m9ation ( au?ority "u executive ord] 
numb]$ #aafbe ,beg9n+ on ! date ( !     
enactm5t ( ?is ,act1 ! p[]s & duties ( !
 ,adm9i/ration %all be det]m9$ )\t reg>d
 to ,executive ,ord] ,numb]$ #aafbe4