,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #ghdd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #bi1 #bjbj,mr4  
,panetta 7= himself1 ,mr4 ,g>ca (       
,ill9ois1 ,ms4 ,sn*ez1 & ,mr4 ,gomez7   
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 au?orize ! ,director ( !   
,m9ority ,bus9ess ,developm5t ,ag5cy ( !
 ,dep>tm5t ( ,comm]ce to provide        
assi/ance = nonpr(it economic developm5t
 organizations to provide s]vices = l[- 
& mod]ate-income individuals :o are     
aspir+ entrepr5eurs or seek+ employm5t &
 = own]s ( small] bus9esses1 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,community ,economic       
,developm5t ,c5t] ,support ,act ( #bjbj4
  #b4 ,congressional f9d+s ,! ,congress 
f9ds t1 9 ! ,unit$ ,/ates-- 7#a7 ! numb]

 ( ,african-,am]ican bus9ess own]s      
dropp$ f #a4a million to #fdj1jjj1 or   
#da p]c5t1 f ,febru>y #bjbj to ,april   
#bjbj2  7#b7 ! numb] ( immigrant bus9ess
 own]s dropp$ f #c4a million to #b      
million1 or #cf p]c5t1 f ,febru>y #bjbj 
to ,april #bjbj2  7#c7 ! numb] ( ,lat9x 
bus9ess own]s dropp$ f #b4a million to  
#a4d million1 or #cb p]c5t1 f ,febru>y  
#bjbj to ,april #bjbj2  7#d7 ! numb] (  
,asian-,am]ican bus9ess own]s dropp$ f  
#hij1jjj to #feg1jjj1 or #bf p]c5t1 f   
,febru>y #bjbj to ,april #bjbj2 &  7#e7 
! numb] ( ,native ,am]ican bus9ess own]s
 dropp$ f #ab million to #i4g million1  
or #ah p]c5t1 f ,febru>y #bjbj to ,april
 #bjbj4  #c4 ,program au?ority ,!       
,director ( ! ,m9ority ,bus9ess         
,developm5t ,ag5cy ( ! ,dep>tm5t (      
,comm]ce %all c>ry out a program "u ?is 
,act to provide f9ancial assi/ance1     
?r\gh eligible int]m$i>ies1 = provid+   
f9ancial & te*nical assi/ance to        
eligible m9ority-s]v+ economic          
developm5t organizations t provide      

s]vices to b5efit l[- & mod]ate-income  
individuals :o are aspir+ entrepr5eurs  
or seek+ employm5t1 or bo?1 & to own]s (
 bus9esses hav+ annual rev5ues 9 an     
am\nt less ?an #ejj1jjj4  #d4 ,f9ancial 
assi/ance  7a7 ,grants ,! ,director %all
 select1 & make grants "u ?is ,act to1  
multiple eligible int]m$i>ies4  7b7 ,use
 ( assi/ance by eligible int]m$i>ies    
7#a7 ,9 g5]al ,except z provid$ 9       
p>agraphs 7#b7 & 7#c71 an eligible      
int]m$i>y t receives a grant "u ?is ,act
 %all use ! grant am\nts to provide     
grants to eligible m9ority-s]v+         
community developm5t organizations = use
 = c>ry+ out economic developm5t        
activities ( su* organizations1 includ+ 
activities describ$ 9 section           
#e7a77;,a74  7#b7 ,capacity build+      
exp5ses ,an eligible int]m$i>y t        
receives a grant "u ?is ,act may use n m
 ?an #e p]c5t ( ! grant to provide tra9+
 & te*nical assi/ance activities design$
 prim>ily to build ! capacity ( eligible
 m9ority-s]v+ economic developm5t       

organizations4  7#c7 ,indirect exp5ses  
,an eligible int]m$i>y t receives a     
grant "u ?is ,act may use n m ?an #e    
p]c5t ( ! grant am\nts = indirect       
exp5ses incurr$ 9 disburs+ & adm9i/]+   
su* grants4  #e4 ,def9itions ,= purposes
 ( ?is ,act1 ! foll[+ def9itions %all   
apply3 7#a7 ,director ,! t]m ,director  
means ! ,director ( ! ,m9ority ,bus9ess 
,developm5t ,ag5cy ( ! ,dep>tm5t (      
,comm]ce4  7#b7 ,eligible int]m$i>y     
7,a7 ,9 g5]al ,! t]m eligible int]m$i>y 
means a nonpr(it organization t-- 7i7   
op]ates on a national basis2  7ii7 has  
demon/rat$ exp]i5ce 9 deliv]+ & adm9i/]+
 grants & capacity-build+ support to    
eligible m9ority-s]v+ economic          
developm5t organizations2 &  7iii7 has a
 gov]n+ bo>d or executive lead]%ip t    
reasonably reflects ! communities to be 
s]v$ by ! organization ) assi/ance      
provid$ pursuant to ?is section1 )      
respect to race1 e?nicity1 & tribal     
affiliation4  7,b7 ,exclusions ,su* t]m 
does n include-- 7i7 any organization t 

has receiv$ fund+ ?r\gh ! ,small        
,bus9ess ,developm5t ,c5t]1 ,wom5's     
,bus9ess ,c5t]1 or ,,score programs ( ! 
,small ,bus9ess ,adm9i/ration or !      
int]m$i>y fund+ program ( ! ,dep>tm5t ( 
,h\s+ & ,urban ,developm5t "u section #d
 ( ! ,,hud ,demon/ration ,act ( #aiic   
7#db ,u4,s4,c4 #ihaf note72 or  7ii7 !  
,neighborhood ,re9ve/m5t ,corporation4  
7#c7 ,eligible m9ority-s]v+ economic    
developm5t organization ,! t]m eligible 
m9ority-s]v+ economic developm5t        
organization means a nonpr(it           
organization t-- 7,a7 has among its     
prim>y functions-- 7i7 provid+ te*nical 
assi/ance relat$ to ! =mation1 op]ation1
 & expansion ( small] bus9esses hav+    
annual rev5ues ( less ?an #ejj1jjj2     
7ii7 l5d+ to & equity inve/m5t 9 small  
bus9esses to facilitate gr[? &          
su/a9ability2 &  7iii7 provid+ tra9+1   
skills developm5t1 & te*nical assi/ance 
to aspir+ entrepr5eurs & individuals :o 
are indep5d5t contractors = purposes (  
,=m #ajii ( ! ,int]nal ,rev5ue ,s]vice2 

&  7,b7 prim>ily s]ves l[- &            
mod]ate-income p]sons & communities t   
are-- 7i7 ,african-,am]ican & o!r ,black
 communities1 ,hispanic1 includ+        
,afro-,lat9o communities1 ,asian &      
,pacific ,am]ican communities1 ,native  
,hawaiian communities1 ,native ,am]ican 
communities1 or ,alaskan ,native        
communities2 or  7ii7 immigrants or     
refugees1  z su* t]ms are def9$ by !    
,director4  #f4 ,o!r requirem5ts ,!     
,director %all by notice e/abli% o!r su*
 requirem5ts z may be necess>y to c>ry  
out ! provisions ( ?is ,act & su* notice
 %all take effect ^u issuance4  #g4     
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to !         
,director #ge1jjj1jjj = grants "u ?is   
,act4