,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bcfj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ca1 #bjai ,mr4  
,c>d9 7= himself & ,ms4 ,duckwor?7      
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to e/abli% an ,(fice ( ,em]g+ ,m>kets  
)9 ! ,small ,bus9ess ,adm9i/ration t w  
/r5g!n ! developm5t ( small bus9ess     
conc]ns 9 em]g+ m>kets1 includ+ ^? own$ 
by wom51 m9orities1 vet]ans1 & ^? locat$
 9 rural areas1 & = o!r purposes4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,unlock+ ,opportunities 9 ,em]g+ ,m>kets
 ,act ( #bjai4  #b4 ,(fice ( ,em]g+     
,m>kets ,section #g ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7 is am5d$ by   
add+ at ! end ! foll[+3  7o7 ,(fice (   
,em]g+ ,m>kets  7#a7 ,def9itions ,9 ?is 
subsection--  7,a7 ! t]m ,associate     
,adm9i/rator means ! ,associate         
,adm9i/rator ( ! ,(fice ( ,capital      
,access ( ! ,adm9i/ration2  7,b7 ! t]m  
,director means ! ,director ( ! ,(fice (

 ,em]g+ ,m>kets2  7,c7 ! t]m microloan  
program means ! program describ$ 9      
subsection 7m72  7,d7 ! t]m ,res]vi/    
means a memb] ( a res]ve compon5t ( !   
,arm$ ,=ces nam$ 9 section #ajaja (     
title #aj1 ,unit$ ,/ates ,code2  7,e7 ! 
t]m rural area has ! mean+ giv5 ! t]m 9 
subsection 7m77#aa72  7,f7 ! t]m        
s]vice-connect$ has ! mean+ giv5 ! t]m 9
 section #aja ( title #ch1 ,unit$ ,/ates
 ,code2  7,g7 ! t]m small bus9ess conc]n
 9 an em]g+ m>ket means a small bus9ess 
conc]n-- 7i7 t is locat$ 9--  7,i7 a    
l[-income or mod]ate-income area =      
purposes ( ! ,community ,developm5t     
,block ,grant ,program "u title ,i ( !  
,h\s+ & ,community ,developm5t ,act ,(  
#aigd 7#db ,u4,s4,c4 #ecja et seq472    
7,,ii7 a ,h,u,b,zone2  7,,iii7 a        
community t has be5 designat$ z an      
emp[]m5t zone or an ent]prise community 
"u section #acia ( ! ,int]nal ,rev5ue   
,code ( #aihf2  7,,iv7 a community t has
 be5 designat$ z a ,promise ,zone by !  
,secret>y ( ,h\s+ & ,urban ,developm5t2 

7,v7 a community t has be5 designat$ z a
 qualifi$ opportunity zone "u section   
#adjj,z-#a ( ! ,int]nal ,rev5ue ,code ( 
#aihf2 or  7,,vi7 a rural area2  7ii7 t 
has m ?an #ej p]c5t ( employees resid+ 9
 a l[- or mod]ate-income community2     
7iii7 t is gr[+1 newly e/abli%$1 or a   
/>tup1 z ^? t]ms are us$ 9 subsection   
7m72  7iv7 own$ & controll$ by socially 
& economically disadvantag$ individuals1
 includ+ ,black ,am]icans1 ,hispanic    
,am]icans1 ,native ,am]icans1 ,asian    
,pacific ,am]icans1 & o!r m9orities2    
7v7 own$ & controll$ by wom52  7vi7 own$
 & controll$ by vet]ans2  7vii7 own$ &  
controll$ by s]vice-disabl$ vet]ans2 or 
7viii7 n less ?an #ea p]c5t own$ &      
controll$ by "o or m--  7,i7 memb]s ( ! 
,arm$ ,=ces p>ticipat+ 9 ! ,transition  
,assi/ance ,program ( ! ,dep>tm5t (     
,def5se2  7,,ii7 ,res]vi/s2  7,,iii7    
sp\ses ( vet]ans1 memb]s ( ! ,arm$      
,=ces1 or ,res]vi/s2  7,,iv7 surviv+    
sp\ses ( vet]ans :o di$ on active duty  
or z a result ( a s]vice-connect$       

disability2 or  7,v7 individuals ) a    
disability1 z def9$ 9 section #c ( !    
,am]icans ) ,disabilities ,act ( #aiij  
7#db ,u4,s4,c4 #abajb74  7#b7           
,e/abli%m5t ,!re is e/abli%$ )9 !       
,adm9i/ration ! ,(fice ( ,em]g+ ,m>kets1
 :i* %all be-- 7,a7 "u ! g5]al managem5t
 & ov]sight ( ! ,adm9i/ration2 &  7,b7  
responsible = ! plann+1 coord9ation1    
implem5tation1 evaluation1 & improvem5t 
( ! ef=ts ( ! ,adm9i/rator to enhance ! 
economic well-be+ ( small bus9ess       
conc]ns 9 an em]g+ m>ket4  7#c7         
,director  7,a7 ,9 g5]al ,n lat] ?an    
#ahj days aft] ! date ( enactm5t ( !    
,unlock+ ,opportunities 9 ,em]g+ ,m>kets
 ,act ( #bjai1 ! ,adm9i/rator %all      
appo9t a ,director ( ! ,(fice ( ,em]g+  
,m>kets1 :o %all-- 7i7 sup]vise ! ,(fice
 ( ,em]g+ ,m>kets & report to !         
,associate ,adm9i/rator2 &  7ii7 be 9 ! 
,s5ior ,executive ,s]vice4  7,b7 ,duties
 ,! ,director %all--  7i7 create &      
implem5t /rategies & programs t provide 
an integrat$ approa* to ! developm5t (  

small bus9ess conc]ns 9 an em]g+ m>ket2 
7ii7 develop & recomm5d policies conc]n+
 ! microloan program & any o!r access to
 capital program ( ! ,adm9i/ration1 z   
su* programs p]ta9 to small bus9ess     
conc]ns 9 an em]g+ m>ket2  7iii7 e/abli%
 p>tn]%ips to advance ! goal ( improv+ !
 economic success ( small bus9ess       
conc]ns 9 an em]g+ m>ket2 &  7iv7 review
 ! effectiv5ess & impact ( ! microloan  
program & any o!r access to capital     
program ( ! ,adm9i/ration t is t>get$ to
 s]ve small bus9ess conc]ns 9 an em]g+  
m>ket4  7,c7 ,consultation ,9 c>ry+ out 
! duties "u ?is p>agraph1 ! ,director   
%all consult ) di/rict (fices ( !       
,adm9i/ration4  4