,,ii  #aafth ,,congress  #ast ,session  
,s4 #bcfj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ca1     
#bjai ,mr4 ,cardin 7for himself and ,ms4
 ,duckworth7 introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,small ,business   
and ,entrepreneurship  ,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 including those    
owned by women1 minorities1 veterans1   
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 #bjai4  #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  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 #aigd 7#db        

,u4,s4,c4 #ecja et seq472  7,,ii7 a     
,h,u,b,zone2  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 ,americans1 ,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 #aiij 7#db   
,u4,s4,c4 #abajb74  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 the ,unlocking             
,opportunities in ,emerging ,markets    
,act of #bjai1 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 ,service4  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