,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #badi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ag1 #bjai,mr4   
,book] introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip  ,a   
,,bill  ,to am5d ! ,small ,bus9ess ,act 
to create a program to provide fund+ =  
organizations t support />tup bus9esses 
9 =mation & e>ly gr[? /ages by provid+  
entrepr5eurs ) res\rces & s]vices to    
produce viable bus9esses1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/>tup ,opportunity        
,accel]ator ,act ( #bjai or ! ,,so>     
,act4  #b4 ,f9d+s ,congress f9ds t--    
7#a7 />tups h contribut$ greatly to !   
,unit$ ,/ates economy1 ) rese>* %[+ t   
betwe5 #aihb & #bjaa1 bus9esses #e ye>s 
or y\ng] 7 responsible = ne>ly e net new
 job creat$2  7#b7 />tups face common   
*all5ges z !y seek to trans=m _! ideas  
into successful1 high-gr[? bus9esses2   
7#c7 #d metropolitan areas 9 #c         
,/ates--! ,san ,francisco ,bay ,area1   

,new ,york ,city1 ,bo/on1 & ,los        
,angeles--receive ne>ly #ge p]c5t ( all 
v5ture capital inve/m5t1 :i* is a       
critical s\rce ( fund+ = high-gr[?      
/>tups2  7#d7 ( />tups t receive v5ture 
capital fund+1 #b p]c5t are             
,african-,am]ican-own$1 #f p]c5t are    
,lat9o-own$1 & only #ac p]c5t are own$  
solely by wom52  7#e7 incubators &      
accel]ators are new models ( gr[? t     
drive innovation by connect+            
entrepr5eurial individuals & teams to   
create viable bus9ess v5tures & social  
initiatives2  7#f7 incubators &         
accel]ators support promis+ />tups ?r\gh
 p>tn]%ips1 m5tor+1 & res\rces connect+ 
!m ) season$ entrepr5eurs2  7#g7 ! goal 
( an incubator or an accel]ator is to   
help create & gr[ "y bus9esses by       
provid+ !m ) necess>y f9ancial1         
te*nical1 & indu/ry support & f9ancial &
 te*nical s]vices2 &  7#h7 />tups (f]   
unique opportunities = gr[? & developm5t
 = wom51 m9ority1 & vet]ans to become   
successful entrepr5eurs & lead]s 9 new &

 develop$ fields4  #c4 ,fund+ =         
organizations t support />tup bus9esses 
7a7 ,9 g5]al ,! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 
7#a7 by r$esignat+ section #di 7#ae     
,u4,s4,c4 #fca note7 z section #ej2 &   
7#b7 by ins]t+ aft] section #dh !       
foll[+3  #di4 ,fund+ = organizations t  
support />tup bus9esses  7a7 ,def9itions
 ,9 ?is section--  7#a7 ! t]m accel]ator
 means an organization t-- 7,a7         
frequ5tly provides1 b is n exclusively  
design$ to provide1 se$ inve/m5t 9      
ex*ange = a small am\nt ( equity2  7,b7 
works ) a />tup = a pr$et]m9$ am\nt (   
"t2  7,c7 provides m5tor%ip & in/ruction
 to scale bus9esses2 or  7,d7 (f]s />tup
 capital or ! opportunity to raise      
capital f outside inve/ors2  7#b7 ! t]m 
disability has ! mean+ giv5 ! t]m 9     
section #c ( ! ,am]icans ) ,disabilities
 ,act ( #aiij 7#db ,u4,s4,c4 #abajb72   
7#c7 ! t]m eligible entity means an     
organization-- 7,a7 t is locat$ 9 !     
,unit$ ,/ates2  7,b7 ! prim>y purpose ( 

:i* is to support new small bus9ess     
conc]ns2 &  7,c7 t is (t5 classifi$ z an
 accel]ator2  7#d7 ! t]m new small      
bus9ess conc]n means a small bus9ess    
conc]n t has be5 9 op]ation = n m ?an #e
 ye>s2  7#e7 ! t]m small bus9ess conc]n 
own$ & controll$ by socially &          
economically disadvantag$ individuals   
has ! mean+ giv5 ! t]m 9 section        
#h7;d77#c77;,c72 &  7#f7 ! t]m ,/ate    
means any ,/ate ( ! ,unit$ ,/ates1 !    
,di/rict ( ,columbia1 ! ,commonweal? (  
,pu]to ,rico1 & any t]ritory or         
possession ( ! ,unit$ ,/ates4  7b7      
,fund+  7#a7 ,9 g5]al ,n lat] ?an #a ye>
 aft] ! date ( enactm5t ( ?is section1 !
 ,adm9i/rator %all develop & beg9       
implem5t+ a program to aw>d ca% grants (
 n m ?an #ajj1jjj to eligible entities  
to support new small bus9ess conc]ns4   
7#b7 ,use ( funds ,a grant "u ?is       
section-- 7,a7 may be us$ = con/ruction 
co/s1 space acquisition1 & programmatic 
purposes2 &  7,b7 may n be us$ to       
provide capital or pr(essional s]vices  

to new small bus9ess conc]ns directly or
 ?r\gh ! subaw>d ( funds4  7#c7         
,disbursal ( funds ,9 disburs+ funds "u 
?is section1 ! ,adm9i/rator may use     
increm5tal or s*$ul$ paym5ts4  7c7      
,application  7#a7 ,9 g5]al ,an eligible
 entity desir+ a grant "u ?is section   
%all demon/rate t ! eligible entity w   
use ! grant to provide assi/ance to n   
less ?an #aj new small bus9ess conc]ns  
p] ye>4  7#b7 ,requirem5ts ,9 solicit+  
applications & aw>d+ grants to eligible 
entities "u ?is section1 ! ,adm9i/rator 
%all employ a /reaml9$ & inclusive      
approa* t--  7,a7 widely publicizes     
fund+ opportunities to a broad audi5ce1 
includ+ ?r\gh ! use ( digital res\rces  
su* z ! website ( ! ,adm9i/ration &     
social m$ia2  7,b7 utilizes an easily   
accessible submission process or plat=m2
  7,c7 %all make e ef=t to m9imize--    
7i7 ! use ( =ms1 detail$ budgets1       
support+ docum5tation1 or writt5        
submissions2 &  7ii7 any o!r burd5some  
requirem5t2  7,d7 focuses on            

solution-bas$ approa*es & results-bas$  
outcomes2  7,e7 enc\rages innovation2 & 
7,f7 all[s proposals or pit*es to be    
pres5t$ us+ v>i\s =mats or m$ia4  7d7   
,crit]ia ,! ,adm9i/rator %all e/abli%   
crit]ia = a grant "u ?is section %all   
give priority to eligible entities t are
 provid+ or plan to provide to new small
 bus9ess conc]ns--  7#a7 (fice1         
manufactur+1 or w>eh\se space1 includ+  
appropriate op]ations infra/ructure2    
7#b7 access to capital ei!r directly f !
 eligible entity 7us+ am\nts o!r ?an !  
am\nts provid$ "u ! grant7 or ?r\gh     
guidance & contacts = acquir+ capital f 
outside inve/ors2  7#c7 access to       
pr(essional s]vices ei!r directly f !   
eligible entity 7us+ am\nts o!r ?an !   
am\nts provid$ "u ! grant7 or ?r\gh     
guidance & contacts = acquir+           
pr(essional s]vices1 includ+ acc\nt+ &  
legal s]vices2 or  7#d7 a =mal /ructur$ 
m5tor%ip or developm5tal program t      
assi/s new small bus9ess conc]ns )      
build+ bus9ess skills & compet5cies4    

7e7 ,consid]ations 9 *oos+ recipi5ts ,9 
det]m9+ :e!r to aw>d a grant "u ?is     
section to an eligible entity1 !        
,adm9i/rator %all take into acc\nt--    
7#a7 = eligible entities t h 9 op]ation 
a program to support new small bus9ess  
conc]ns1 ! record ( ! eligible entity 9 
assi/+ new small bus9ess conc]ns1       
includ+1 = ea* ( ! #c full ye>s be=e !  
date on :i* ! eligible entity applies = 
a grant "u ?is section--  7,a7 !        
ret5tion rate ( new small bus9ess       
conc]ns 9 ! program ( ! eligible entity2
  7,b7 ! av]age p]iod ( p>ticipation by 
new small bus9ess conc]ns 9 ! program ( 
! eligible entity2  7,c7 ! total1       
av]age1 & m$ian capital rais$ by new    
small bus9ess conc]ns p>ticipat+ 9 !    
program ( ! eligible entity2 &  7,d7 !  
total1 av]age1 & m$ian numb] ( employees
 ( new small bus9ess conc]ns p>ticipat+ 
9 ! program ( ! eligible entity2  7#b7 =
 all eligible entities-- 7,a7 ! numb] ( 
new small bus9ess conc]ns assi/$ or     
anticipat$ to be assi/$ by ! eligible   

entity2  7,b7 ! numb] ( new small       
bus9ess conc]ns apply+ or anticipat$ to 
apply = assi/ance f ! eligible entity2  
7,c7 :e!r ! program ( ! eligible entity 
provides or w\ld provide assi/ance to   
individuals 9 g5d]1 racial1 or e?nic    
gr\ps und]repres5t$ by exi/+ programs to
 assi/ new small bus9ess conc]ns2 &     
7,d7 o!r metrics det]m9$ appropriate by 
! ,adm9i/rator2  7#c7 ! ne$ 9 !         
geographic area to be s]v$ by ! program 
to be c>ri$ out us+ ! grant = additional
 assi/ance = new small bus9ess conc]ns1 
if ! area has suffici5t population      
d5sity1 z det]m9$ by ! ,adm9i/rator2    
7#d7 ! level ( exp]i5ce ( !             
entrepr5eurial lead]%ip ( ! eligible    
entity2 &  7#e7 ! ability ( ! eligible  
entity to use & lev]age local /r5g?s1   
includ+ human res\rces1 infra/ructure1 &
 educational in/itutions4  7f7          
,requirem5t ,to aw>d grants to c]ta9    
accel]ators ,9 ord] to promote div]sity 
9 entrepr5eur%ip1 ! ,adm9i/rator %all   
aw>d n less ?an #ej p]c5t ( am\nts      

appropriat$ = grants 9 a giv5 fiscal ye>
 to--  7#a7 accel]ators locat$ 9 an area
 describ$ 9 subp>agraph 7,a71 7,b71 or  
7,c7 ( section #c7p77#a72 &  7#b7       
accel]ators = :i* n less ?an #ej p]c5t (
 ! small bus9ess conc]ns s]v$ by !      
accel]ator are small bus9ess conc]ns--  
7,a7 own$ & controll$ by socially &     
economically disadvantag$ individuals2  
7,b7 own$ & controll$ by wom52 or  7,c7 
t are n less ?an #ea p]c5t own$ by "o or
 m--  7i7 ,native ,am]icans2  7ii7      
individuals p>ticipat+ 9 ! ,transition  
,assi/ance ,program ( ! ,dep>tm5t (     
,def5se2  7iii7 individuals :o-- 7,i7   
s]v$ on active duty 9 any bran* ( !     
,arm$ ,=ces1 includ+ ! ,national ,gu>d &
 ,res]ves2 &  7,,ii7 7 dis*>g$ or       
releas$ f su* s]vice "u conditions o!r  
?an di%onorable2  7iv7 =m]ly inc>c]at$  
individuals2 or  7v7 individuals ) a    
disability4  7g7 ,mat*+ nonpublic fund+ 
requirem5t  7#a7 ,9 g5]al ,an eligible  
entity receiv+ a grant "u ?is section   
%all obta9 funds f a private individual 

or entity 7includ+ a =-pr(it or nonpr(it
 entity7 t are--  7,a7 = ! same purposes
 z a grant may be made "u ?is section2  
7,b7 us$ to c>ry out ! program ( !      
eligible entity c>ri$ out us+ ! grant "u
 ?is section2 &  7,c7 9 an am\nt t is n 
to be less ?an #ej p]c5t ( ! am\nt ( !  
grant "u ?is section4  7#b7 ,=m (       
non-,f$]al %>e ,n m ?an #be p]c5t ( !   
funds obta9$ "u p>agraph 7#a7 may be 9 !
 =m ( 9-k9d contributions4  7h7         
,consequ5ces ( failure ,to abide by t]ms
 or conditions ( grant or requirem5ts ( 
?is section ,! ,adm9i/rator %all notify 
ea* eligible entity receiv+ a grant "u  
?is section t failure to abide by ! t]ms
 & conditions ( ! grant or ! requirem5ts
 ( ?is section may1 9 ! discretion ( !  
,adm9i/rator & 9 addition to any o!r    
civil or crim9al consequ5ces1 result 9 !
 ,adm9i/rator )hold+ paym5ts or ord]+ ! 
eligible entity to return ! grant funds4
  7i7 ,annual progress report+ by       
recipi5ts ( grant ,ea* eligible entity  
receiv+ a grant "u ?is section %all     

submit to ! ,adm9i/rator an annual      
report on ! progress ( ! program c>ri$  
out us+ ! am\nts receiv$ "u ! grant1    
includ+--  7#a7 ! numb] ( new small     
bus9ess conc]ns p>ticipat+ 9 ! program  
dur+ ea* ( ! #c ye>s prec$+ ! report2   
7#b7 ! numb] ( new small bus9ess conc]ns
 apply+ to p>ticipate 9 ! program dur+  
ea* ( ! #c ye>s prec$+ ! report2  7#c7 !
 ret5tion rate ( new small bus9ess      
conc]ns 9 ! program2  7#d7 ! av]age     
p]iod ( p>ticipation 9 ! program by new 
small bus9ess conc]ns2  7#e7 ! total1   
av]age1 & m$ian capital rais$ by new    
small bus9ess conc]ns p>ticipat+ 9 !    
program2  7#f7 ! total1 av]age1 & m$ian 
numb] ( employees ( new small bus9ess   
conc]ns p>ticipat+ 9 ! program2  7#g7 ! 
numb] ( new small bus9ess conc]ns-- 7,a7
 own$ & controll$ by socially &         
economically disadvantag$ individuals2  
7,b7 own$ & controll$ by wom52 or  7,c7 
t are n less ?an #ea p]c5t own$ by "o or
 m--  7i7 ,native ,am]icans2  7ii7      
individuals p>ticipat+ 9 ! ,transition  

,assi/ance ,program ( ! ,dep>tm5t (     
,def5se2  7iii7 individuals :o-- 7,i7   
s]v$ on active duty 9 any bran* ( !     
,arm$ ,=ces1 includ+ ! ,national ,gu>d &
 ,res]ves2 &  7,,ii7 7 dis*>g$ or       
releas$ f su* s]vice "u conditions o!r  
?an di%onorable2  7iv7 =m]ly inc>c]at$  
individuals2 or  7v7 individuals ) a    
disability2 &  7#h7 o!r metrics det]m9$ 
appropriate by ! ,adm9i/rator4  7j7     
,report to congress ,! ,adm9i/rator %all
 submit to ,congress an annual report on
 ! program "u ?is section1 :i* %all     
include an assessm5t ( ! effectiv5ess ( 
! program1 includ+ an assessm5t bas$ on 
! metrics li/$ 9 subsection 7i74  7k7   
,coord9ation ) o!r small bus9ess        
adm9i/ration programs ,! ,adm9i/rator   
%all take appropriate action to enc\rage
 eligible entities receiv+ a grant "u   
?is section to use & incorporate o!r    
programs ( ! ,adm9i/ration1 su* z small 
bus9ess developm5t c5t]s1 small bus9ess 
inve/m5t companies1 loans "u section    
#g7;a71 assi/ance "u title ,v ( ! ,small

 ,bus9ess ,inve/m5t ,act ( #aieh 7#ae   
,u4,s4,c4 #fie et seq471 & res\rce      
p>tn]s ( ! ,adm9i/ration1 includ+ wom5's
 bus9ess c5t]s & vet]an's bus9ess       
outrea* c5t]s4  7l7 ,coord9ation ) !    
,dep>tm5t ( ,vet]ans ,affairs ,9        
consultation ) ! ,secret>y ( ,vet]an    
,affairs1 ! ,adm9i/rator %all make      
available outrea* mat]ials reg>d+ !     
opportunities = vet]ans )9 ! program "u 
?is section = di/ribution & display at  
local facilities ( ! ,dep>tm5t (        
,vet]ans ,affairs4  7m7 ,li/+ on website
 ,! ,adm9i/rator %all include a li/ (   
eligible entities receiv+ a grant "u ?is
 section on ! website ( ! ,adm9i/ration4
  7n7 ,au?orization ( appropriations    
,!re are au?oriz$ to be appropriat$ to  
c>ry out ?is section #f1jjj1jjj = ea* ( 
! fir/ #e fiscal ye>s beg9n+ aft] ! date
 ( enactm5t ( ?is section4  4  7b7      
,te*nical & con=m+ am5dm5t ,effective on
 ,janu>y #a1 #bjbj1 section #di7;f77#a7 
( ! ,small ,bus9ess ,act1 z add$ by     
subsection 7a71 is am5d$ to read z      

foll[s3  7#a7 accel]ators locat$ 9 an   
area describ$ 9 subp>agraph 7,a71 7,b71 
or 7,c7 ( section #ca7;b72 &  4