,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ceea  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #bj1 #bjbj,mr4    
,pet]s 7= himself1 ,mrs4 ,%ahe51 ,ms4   
,/ab5[1 & ,ms4 ,hassan7 introduc$ !     
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,small ,bus9ess &    
,entrepr5eur%ip  ,a ,,bill  ,to help    
small bus9esses access capital & create 
jobs by reau?oriz+ ! successful ,/ate   
,small ,bus9ess ,cr$it ,initiative4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,small ,bus9ess ,access to ,capital ,act
 ( #bjbj4  #b4 ,new ,tran*es ( capital =
 successful ,/ate programs ,section     
#cjjc ( ! ,small ,bus9ess ,jobs ,act (  
#bjaj 7#ab ,u4,s4,c4 #egjb7 is am5d$ by 
add+ at ! end ! foll[+3  7d7 ,additional
 allocation & competitive aw>ds  7#a7   
,def9itions ,9 ?is subsection-- 7,a7 !  
t]m eligible p>ticipat+ ,/ate means a   
p>ticipat+ ,/ate t has c]tifi$ to !     
,secret>y t ! ,/ate has exp5d$1         
transf]r$1 or obligat$ n less ?an #hj   
p]c5t ( ! second #a_/c ( ! #bjaj        

allocation transf]r$ to ! ,/ate "u      
subsection 7c77#a77;,a77iii72 &  7,b7 ! 
t]m unus$ funds means-- 7i7 am\nts made 
available to ! ,secret>y "u clause      
7i77,,ii7 or 7ii77,,ii7 ( p>agraph      
7#b77;,e72 &  7ii7 am\nts made available
 to ! ,secret>y "u p>agraph             
7#d77;,b77ii74  7#b7 ,allocation = #bjaj
 p>ticipat+ ,/ates  7,a7 ,allocation ,( 
! am\nt made available "u p>agraph      
7#f77;,d71 ! ,secret>y %all allocate a  
total ( #a1jjj1jjj1jjj among eligible   
p>ticipat+ ,/ates 9 ! same ratio z funds
 7 allocat$ "u ! #bjaj allocation "u    
subsection 7b77#a7 among p>ticipat+     
,/ates4  7,b7 ,application ,an eligible 
p>ticipat+ ,/ate desir+ to receive funds
 allocat$ "u ?is p>agraph %all submit an
 application-- 7i7 n lat] ?an ! date t  
is #f mon?s aft] ! date ( enactm5t ( !  
,small ,bus9ess ,access to ,capital ,act
 ( #bjbj2 &  7ii7 9 su* mann] & conta9+ 
su* in=mation z ! ,secret>y may require4
  7,c7 ,availability ( allocat$ am\nt   
7i7 ,9 g5]al ,not)/&+ subsection        

7c77#a71 aft] an eligible p>ticipat+    
,/ate approv$ by ! ,secret>y to receive 
an allocation "u ?is p>agraph has       
c]tifi$ to ! ,secret>y t ! eligible     
p>ticipat+ ,/ate has exp5d$1 transf]r$1 
or obligat$ n less ?an #hj p]c5t ( ! la/
 #a_/c ( ! #bjaj allocation to !        
eligible p>ticipat+ ,/ate1 ! ,secret>y  
%all transf] to ! eligible p>ticipat+   
,/ate ! funds allocat$ to ! eligible    
p>ticipat+ ,/ate "u ?is p>agraph4  7ii7 
,effect on agreem5ts ,! allocation or   
transf] ( funds "u ?is p>agraph to an   
eligible p>ticipat+ ,/ate %all n be     
con/ru$ to-- 7,i7 am5d or modify ! t]ms 
( ! ,allocation ,agreem5t ent]$ into by 
! eligible p>ticipat+ ,/ate relat+ to ! 
#bjaj allocation2 or  7,,ii7 modify or  
ext5d ! ,allocation ,"t ,p]iod1 z def9$ 
"u su* ,allocation ,agreem5t4  7,d7 ,use
 ( transf]r$ funds ,an eligible         
p>ticipat+ ,/ate may use funds transf]r$
 "u ?is p>agraph = any purpose au?oriz$ 
"u subp>agraph 7,a7 or 7,b7 ( subsection
 7c77#c74  7,e7 ,t]m9ation (            

availability ( am\nts  7i7 ,9 g5]al ,if 
an eligible p>ticipat+ ,/ate has n      
c]tifi$ to ! ,secret>y t ! ,/ate has    
exp5d$1 transf]r$1 or obligat$ n less   
?an #hj p]c5t ( ! la/ #a_/c ( ! #bjaj   
allocation z ( ! date t is #b ye>s aft] 
! date on :i* ! ,secret>y approves !    
eligible p>ticipat+ ,/ate to receive an 
allocation "u ?is p>agraph1 any am\nts  
allocat$ to ! eligible p>ticipat+ ,/ate 
"u ?is p>agraph-- 7,i7 may n be         
transf]r$ to ! eligible p>ticipat+ ,/ate
 "u ?is p>agraph2 &  7,,ii7 %all be     
available to ! ,secret>y to make aw>ds  
"u p>agraph 7#d74  7ii7 ,o!r am\nts     
,effective on ! date t is #b ye>s aft] !
 date ( enactm5t ( ! ,small ,bus9ess    
,access to ,capital ,act ( #bjbj1 any   
am\nts allocat$ "u ?is p>agraph to a    
p>ticipat+ ,/ate t1 z ( su* date1 is n  
an eligible p>ticipat+ ,/ate or to an   
eligible p>ticipat+ ,/ate t did n submit
 an application "u subp>agraph 7,b7 or 0
 n approv$ by ! ,secret>y to receive an 
allocation "u ?is p>agraph-- 7,i7 may n 

be transf]r$ to an eligible p>ticipat+  
,/ate "u ?is p>agraph2 &  7,,ii7 %all be
 available to ! ,secret>y to make aw>ds 
"u p>agraph 7#d74  7#c7 ,competitive    
fund+  7,a7 ,9 g5]al ,( ! am\nt made    
available "u p>agraph 7#f77;,d71 !      
,secret>y may aw>d1 on a competitive    
basis1 n m ?an a total ( #b1jjj1jjj1jjj 
to p>ticipat+ ,/ates & consortiums (    
p>ticipat+ ,/ates = use = any purpose   
au?oriz$ "u subp>agraph 7,a7 or 7,b7 (  
subsection 7c77#c74  7,b7 ,application  
7i7 ,9 g5]al ,a p>ticipat+ ,/ate or     
consortium ( p>ticipat+ ,/ates desir+ to
 receive an aw>d "u ?is p>agraph %all   
submit an application-- 7,i7 n lat] ?an 
! date e/abli%$ by ! ,secret>y1 :i* %all
 be n lat] ?an ! date t is #a ye> aft] !
 date ( enactm5t ( ! ,small ,bus9ess    
,access to ,capital ,act ( #bjbj2 &     
7,,ii7 9 su* mann] & conta9+ su*        
in=mation z ! ,secret>y may require4    
7ii7 ,numb] ( applications ,a p>ticipat+
 ,/ate may submit n m ?an #a application
 on behalf ( ! p>ticipat+ ,/ate & n m   

?an #a application z "p ( a consortium (
 p>ticipat+ ,/ates4  7iii7 ,/ates t did 
n p>ticipate ,a ,/ate t is n a          
p>ticipat+ ,/ate may apply to !         
,secret>y = approval to be a p>ticipat+ 
,/ate = purposes ( ?is p>agraph &       
p>agraph 7#d71 9 accordance ) section   
#cjjd4  7,c7 ,factors ,9 det]m9+ :e!r to
 make an aw>d to a p>ticipat+ ,/ate or  
consortium ( p>ticipat+ ,/ates "u ?is   
p>agraph1 ! ,secret>y %all consid]-- 7i7
 h[ ! p>ticipat+ ,/ate or consortium (  
p>ticipat+ ,/ates plan to use am\nts    
provid$ "u ! aw>d "u ! approv$ ,/ate    
program to-- 7,i7 lev]age private sector
 capital2  7,,ii7 create & reta9 jobs   
dur+ ! #b-ye> p]iod beg9n+ on ! date ( !
 aw>d2  7,,iii7 s]ve bus9esses t h be5  
incorporat$ or 9 op]ation = n m ?an #e  
ye>s2 &  7,,iv7 s]ve l[- or             
mod]ate-income communities2  7ii7 !     
ext5t to :i* ! p>ticipat+ ,/ate or      
consortium ( p>ticipat+ ,/ates w e/abli%
 or cont9ue a robu/ self-evaluation ( ! 
activities ( ! p>ticipat+ ,/ate or      

consortium ( p>ticipat+ ,/ates us+      
am\nts made available "u ?is title2     
7iii7 ! ext5t to :i* ! p>ticipat+ ,/ate 
or consortium ( p>ticipat+ ,/ates w     
provide non-,f$]al funds 9 excess ( !   
am\nt requir$ "u subp>agraph 7,e72 &    
7iv7 ! ext5t to :i* ! p>ticipat+ ,/ate  
exp5d$1 obligat$1 or transf]r$ ! #bjaj  
allocation to ! ,/ate4  7,d7 ,aw>d (    
funds  7i7 ,fir/ tran*e ,n)/&+          
subsection 7c77#a71 & n lat] ?an #cj    
days aft] mak+ an aw>d "u ?is p>agraph  
to a p>ticipat+ ,/ate or consortium (   
p>ticipat+ ,/ates1 ! ,secret>y %all     
transf] #ej p]c5t ( ! am\nt ( ! aw>d to 
! p>ticipat+ ,/ate or consortium (      
p>ticipat+ ,/ates4  7ii7 ,second tran*e 
,aft] a p>ticipat+ ,/ate or consortium (
 p>ticipat+ ,/ates has c]tifi$ to !     
,secret>y t ! p>ticipat+ ,/ate or       
consortium ( p>ticipat+ ,/ates has      
exp5d$1 transf]r$1 or obligat$ n less   
?an #hj p]c5t ( ! am\nt transf]r$ "u    
clause 7i71 ! ,secret>y %all transf] to 
! p>ticipat+ ,/ate or consortium (      

p>ticipat+ ,/ates ! rema9+ am\nt ( !    
aw>d4  7,e7 ,/ate %>e ,! ,/ate %>e ( !  
co/ ( ! activities1 exclud+ adm9i/rative
 exp5ses1 c>ri$ out us+ an aw>d "u ?is  
p>agraph %all be n less ?an #aj p]c5t4  
,! ,secret>y may det]m9e :at            
contributions by a ,/ate qualify z "p ( 
! ,/ate %>e ( ! co/ = purposes ( ?is    
subp>agraph4  7#d7 ,aw>d ( unus$ funds  
7,a7 ,9 g5]al ,! ,secret>y may aw>d1 on 
a competitive basis1 unus$ funds to     
p>ticipat+ ,/ates = use = any purpose   
au?oriz$ "u subp>agraph 7,a7 or 7,b7 (  
subsection 7c77#c74  7,b7 ,unus$ #bjaj  
funds  7i7 ,9 g5]al ,! ,secret>y %all   
det]m9e :e!r any am\nts allocat$ to a   
p>ticipat+ ,/ate "u subsection 7b7 %all 
be deem$ no long] allocat$ & no long]   
available if a p>ticipat+ ,/ate has n   
c]tifi$ to ! ,secret>y t ! ,/ate has    
exp5d$1 transf]r$1 or obligat$ #hj p]c5t
 ( ! second #a_/c ( ! #bjaj allocation  
by ,decemb] #ca1 #bjba4  7ii7           
,availability ,effective on ! date ( !  
det]m9ation "u clause 7i71 any am\nts   

id5tifi$ 9 ! det]m9ation t 7 deem$ no   
long] allocat$ & no long] available to !
 p>ticipat+ ,/ate %all be available to !
 ,secret>y to make aw>ds "u ?is         
p>agraph4  7,c7 ,application ,a         
p>ticipat+ ,/ate desir+ to receive an   
aw>d "u ?is p>agraph %all submit an     
application-- 7i7 n lat] ?an #c mon?s   
aft] ! date on :i* funds are deem$ no   
long] allocat$ & no long] available to  
any p>ticipat+ ,/ate2 &  7ii7 9 su*     
mann] & conta9+ su* in=mation z !       
,secret>y may require4  7,d7 ,factors ,9
 det]m9+ :e!r to make an aw>d to a      
p>ticipat+ ,/ate "u ?is p>agraph1 !     
,secret>y %all consid] ! factors        
describ$ 9 p>agraph 7#c77;,c74  7,e7    
,m9imum am\nt ,! ,secret>y may n make an
 aw>d ( less ?an #e1jjj1jjj "u ?is      
p>agraph4  7#e7 ,compliance & report+   
requirem5ts ,dur+ ! p]iod beg9n+ on !   
date on :i* a p>ticipat+ ,/ate fir/     
receives funds "u p>agraph 7#b71 7#c71  
or 7#d7 & end+ on ! date t is #h ye>s   
aft] ! date ( enactm5t ( ! ,small       

,bus9ess ,access to ,capital ,act (     
#bjbj1 ! p>ticipat+ ,/ate %all submit   
qu>t]ly & annual reports conta9+ !      
in=mation describ$ 91 & 9 accordance ) !
 deadl9es e/abli%$ "u1 section #cjjg4   
7#f7 ,adm9i/ration & implem5tation  7,a7
 ,adm9i/rative exp5ses = p>ticipat+     
,/ates ,a p>ticipat+ ,/ate may use n m  
?an #c p]c5t ( ! am\nt made available to
 ! p>ticipat+ ,/ate "u p>agraph 7#b71   
7#c71 or 7#d7 = adm9i/rative exp5ses    
incurr$ by ! p>ticipat+ ,/ate 9         
implem5t+ an approv$ ,/ate program4     
7,b7 ,contract+ ,dur+ ! #a-ye> p]iod    
beg9n+ on ! date ( enactm5t ( ! ,small  
,bus9ess ,access to ,capital ,act (     
#bjbj1 & not)/&+ any o!r provision ( law
 relat+ to public contract+1 ! ,secret>y
 may ent] into contracts to c>ry out ?is
 subsection4  7,c7 ,am\nts n assi/ance  
,any am\nts transf]r$ to a p>ticipat+   
,/ate "u p>agraph 7#b71 7#c71 or 7#d7   
%all n be consid]$ assi/ance = purposes 
( subtitle ,v ( title #ca1 ,unit$ ,/ates
 ,code4  7,d7 ,appropriation ,!re are   

appropriat$ to ! ,secret>y1 out ( any   
funds 9 ! ,treasury n o!rwise           
appropriat$1 #c1jjj1jjj1jjj to c>ry out 
?is subsection1 includ+ to pay          
reasonable co/s ( adm9i/]+ ! programs "u
 ?is subsection1 to rema9 available     
until exp5d$4  7,e7 ,t]m9ation (        
secret>y's program adm9i/ration         
functions ,not)/&+ section #cjji7;c71 ! 
au?orities & duties ( ! ,secret>y to    
implem5t & adm9i/] ! program "u ?is     
subsection %all t]m9ate at ! end ( !    
#h-ye> p]iod beg9n+ on ! date ( enactm5t
 ( ! ,small ,bus9ess ,access to ,capital
 ,act ( #bjbj4  4