,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gggc  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bd1 #bjbj,ms4 
,finkenauer 7for herself and ,mr4       
,young7 introduced the following bill2  
which was referred to the ,committee on 
,small ,business  ,a ,,bill  ,to        
establish an ,office of ,emerging       
,markets within the ,small ,business    
,administration that will strengthen the
 development of small business concerns 
in emerging markets1 such as those owned
 by women2 socially and economically    
disadvantaged individuals1 including    
,black ,americans1 ,hispanic ,americans1
 ,native ,americans 7,alaska ,natives1  
,native ,hawaiians1 or enrolled members 
of a federally or ,state recognized     
,indian ,tribe71 ,asian ,pacific        
,americans1 and other minorities2       
veterans2 and those located in rural    
areas1 and for other purposes4  #a4     
,short title ,this ,act may be cited as 
the ,unlocking ,opportunities in        
,emerging ,markets ,act of #bjbj4  #b4  

,office of ,emerging ,markets ,section  
#g of the ,small ,business ,act 7#ae    
,u4,s4,c4 #fcf7 is amended by adding at 
the end the following3  7o7 ,office of  
,emerging ,markets  7#a7 ,definitions   
,in this subsection-- 7,a7 the term     
,associate ,administrator means the     
,associate ,administrator of the ,office
 of ,capital ,access of the             
,administration2  7,b7 the term         
,director means the ,director of the    
,office of ,emerging ,markets2  7,c7 the
 term microloan program means the       
program described in subsection 7m72    
7,d7 the term ,reservist means a member 
of a reserve component of the ,armed    
,forces named in section #ajaja of title
 #aj1 ,united ,states ,code2  7,e7 the  
term rural area has the meaning given   
the term in subsection 7m77#aa72  7,f7  
the term service-connected has the      
meaning given the term in section #aja  
of title #ch1 ,united ,states ,code2 and
  7,g7 the term small business concern  
in an emerging market means a small     

business concern-- 7i7 that is located  
in-- 7,i7 a low-income or               
moderate-income area for purposes of the
 ,community ,development ,block ,grant  
,program under title ,i of the ,housing 
and ,community ,development ,act of     
#aigd2  7,,ii7 a ,h,u,b,zone as defined 
in section #ca7;b72  7,,iii7 a community
 that has been designated as an         
empowerment zone or an enterprise       
community under section #acia of the    
,internal ,revenue ,code of #aihf2      
7,,iv7 a community that has been        
designated as a ,promise ,zone by the   
,secretary of ,housing and ,urban       
,development2  7,v7 a community that has
 been designated as a qualified         
opportunity zone under section          
#adjj,z-#a of the ,internal ,revenue    
,code of #aihf2 or  7,,vi7 a rural area2
  7ii7 that has more than #ej percent of
 employees residing in a low- or        
moderate-income community2  7iii7 that  
is growing1 newly established1 or a     
startup1 as those terms are used in     

subsection 7m72  7iv7 owned and         
controlled by socially and economically 
disadvantaged individuals1 including    
,black ,americans1 ,hispanic ,americans1
 ,native ,americans 7,alaska ,natives1  
,native ,hawaiians1 or enrolled members 
of a federally or ,state recognized     
,indian ,tribe71 ,asian ,pacific        
,americans1 and other minorities2  7v7  
owned and controlled by women2  7vi7    
owned and controlled by veterans2  7vii7
 owned and controlled by                
service-disabled veterans2 or  7viii7   
not less than #ea percent owned and     
controlled by one or more-- 7,i7 members
 of the ,armed ,forces participating in 
the ,transition ,assistance ,program of 
the ,department of ,defense2  7,,ii7    
,reservists2  7,,iii7 spouses of        
veterans1 members of the ,armed ,forces1
 or ,reservists2  7,,iv7 surviving      
spouses of veterans who died on active  
duty or as a result of a                
service-connected disability2 or  7,v7  
individuals with a disability1 as       

defined in section #c of the ,americans 
with ,disabilities ,act of #aiij4  7#b7 
,establishment ,there is established    
within the ,administration the ,office  
of ,emerging ,markets1 which shall be-- 
7,a7 under the general management and   
oversight of the ,administration2 and   
7,b7 responsible for the planning1      
coordination1 implementation1           
evaluation1 and improvement of the      
efforts of the ,administrator to enhance
 the economic well-being of small       
business concerns in an emerging market4
  7#c7 ,director  7,a7 ,in general ,not 
later than #ahj days after the date of  
enactment of this subsection1 the       
,administrator shall appoint a ,director
 of the ,office of ,emerging ,markets1  
who shall-- 7i7 supervise the ,office of
 ,emerging ,markets and report to the   
,associate ,administrator2 and  7ii7 be 
in the ,senior ,executive ,service under
 subchapter ,,viii of chapter #ec of    
title #e4  7,b7 ,duties ,the ,director  
shall-- 7i7 create and implement        

strategies and programs that provide an 
integrated approach to the development  
of small business concerns in an        
emerging market2  7ii7 develop and      
recommend policies concerning the       
microloan program and any other access  
to capital program of the               
,administration1 as such programs       
pertain to small business concerns in an
 emerging market2  7iii7 establish      
partnerships to advance the goal of     
improving the economic success of small 
business concerns in an emerging market2
 and  7iv7 review the effectiveness and 
impact of the microloan program and any 
other access to capital program of the  
,administration that is targeted to     
serve small business concerns in an     
emerging market4  7,c7 ,consultation ,in
 carrying out the duties under this     
paragraph1 the ,director shall consult  
with district offices of the            
,administration4  4