,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #eeba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #h1 #bjba,mr4 
,joyce ( ,ohio 7= himself & ,mr4 ,gold57
 introduc$ ! foll[+ bill2 :i* 0 ref]r$  
to ! ,committee on ,small ,bus9ess1 & 9 
addition to ! ,committee on             
,agriculture1 = 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 am5d ! ,small   
,bus9ess ,inve/m5t ,act ( #aieh to      
provide opportunities to rural bus9ess  
inve/m5t companies1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,rural ,capital ,access ,act4  #b4    
,def9itions  ,9 ?is ,act-- 7#a7 ! t]m   
,adm9i/ration means ! ,small ,bus9ess   
,adm9i/ration2  7#b7 ! t]m ,adm9i/rator 
means ! ,adm9i/rator ( ! ,adm9i/ration2 
7#c7 ! t]m appropriate committees (     
,congress means-- 7,a7 ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip ( !   
,s5ate2  7,b7 ! ,committee on           

,agriculture1 ,nutrition1 & ,=e/ry ( !  
,s5ate2  7,c7 ! ,committee on ,small    
,bus9ess ( ! ,h\se ( ,repres5tatives2 & 
7,d7 ! ,committee on ,agriculture ( !   
,h\se ( ,repres5tatives2  7#d7 ! t]m    
rural bus9ess inve/m5t company has !    
mean+ giv5 ! t]m 9 section #chd;,a ( !  
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #bjji;cc72  7#e7 !   
t]m ,secret>y means ! ,secret>y (       
,agriculture2 &  7#f7 ! t]m work+ gr\p  
means ! int]ag5cy work+ gr\p e/abli%$ "u
 section #d7;a74  #c4 ,rural bus9ess    
inve/m5t  7a7 ,9 g5]al ,! ,small        
,bus9ess ,inve/m5t ,act ( #aieh 7#ae    
,u4,s4,c4 #ffa et seq47 is am5d$-- 7#a7 
9 "p ,a ( title ,,iii 7#ae ,u4,s4,c4    
#fha et seq47-- 7,a7 9 section          
#cjc7;b77#b7 7#ae ,u4,s4,c4             
#fhc7;b77#b771 by add+ at ! end !       
foll[+3  7,e7 ,inve/m5ts 9 rural areas  
7i7 ,def9ition ,9 ?is subp>agraph1 ! t]m
 rural area has ! mean+ giv5 ! t]m 9    
section #cdc7;a7 ( ! ,consolidat$ ,f>m &
 ,rural ,developm5t ,act 7#g ,u4,s4,c4  

#aiia7;a774  7ii7 ,additional lev]age   
7,i7 ,9 g5]al ,9 calculat+ ! out/&+     
lev]age ( a company = ! purposes (      
subp>agraph 7,a71 ! ,adm9i/rator %all n 
include ! am\nt ( ! co/ basis ( any     
equity inve/m5t made by ! company 9 a   
small] ent]prise locat$ 9 a rural area  
if ! ,adm9i/rator1 aft] p]=m+ an        
appropriate evaluation1 det]m9es t su*  
an exclusion w n result 9 additional    
risk to ! ,adm9i/ration or ! ,f$]al     
,gov]nm5t4  7,,ii7 ,limitation ,! am\nt 
exclud$ "u subclause 7,i7 = a company   
%all n exce$ #be1jjj1jjj 9 any fiscal   
ye>4  2  7,b7 9 section #cjh7;g77#c7    
7#ae ,u4,s4,c4 #fhg7;g77#c77-- 7i7 9    
subp>agraph 7,d71 by /rik+ & at ! end2  
7ii7 9 subp>agraph 7,e71 by /rik+ !     
p]iod at ! end & ins]t+ 2 &2 &  7iii7 by
 add+ at ! end ! foll[+3  7,f7 ! total  
numb] ( rural bus9ess inve/m5t          
companies1 z def9$ 9 section #cba7;a71 t
 receiv$ lev]age f ! ,adm9i/ration "u   
section #cba 9 ! previ\s ye>1 includ+ ! 
am\nt ( t lev]age t ea* su* rural       

bus9ess inve/m5t company receiv$4  2    
7,c7 9 section #caj7;d77#a77;,a7 7#ae   
,u4,s4,c4 #fhg;b7d77#a77;,a771 by ins]t+
 7includ+ ea* rural bus9ess inve/m5t    
company t receives lev]age "u section   
#cba7 aft] ,ea* lic5see2 &  7,d7 by add+
 at ! end ! foll[+3  #cba4 ,rural       
bus9ess inve/m5t companies  7a7         
,def9itions ,9 ?is section-- 7#a7 ! t]m 
cov]$ am\nts means1 ) respect to a      
fiscal ye>1 ! am\nts made available = t 
fiscal ye> to grant lev]age "u ?is "p to
 small bus9ess inve/m5t companies2  7#b7
 ! t]m rural bus9ess inve/m5t company   
has ! mean+ giv5 ! t]m 9 section #chd;,a
 ( ! ,consolidat$ ,f>m & ,rural         
,developm5t ,act 7#g ,u4,s4,c4          
#bjji;cc72 &  7#c7 ! t]m ,secret>y means
 ! ,secret>y ( ,agriculture4  7b7       
,lev]age  7#a7 ,9 g5]al ,subject to     
p>agraph 7#b71 if ! ,adm9i/ration       
det]m9es "u subsection 7c7 t !          
,adm9i/ration w be unable to exp5d all (
 ! cov]$ am\nts = a p>ticul> fiscal ye>1
 ! ,adm9i/ration %all exp5d ^? unexp5d$ 

cov]$ am\nts = t fiscal ye> to grant    
lev]age to rural bus9ess inve/m5t       
companies = ! purposes describ$ 9 ?is "p
 if1 ) respect to t fiscal ye>1 !       
,secret>y det]m9es t ! ,secret>y is     
unable to grant lev]age to rural bus9ess
 inve/m5t companies 9 a mann] t is      
suffici5t to satisfy ! lev]age ne$s ( ^?
 rural bus9ess inve/m5t companies4  7#b7
 ,conditions ,) respect to lev]age      
grant$ by ! ,adm9i/ration to a rural    
bus9ess inve/m5t company "u p>agraph    
7#a7-- 7,a7 ! am\nt ( ! lev]age made    
available %all be subject to !          
limitations "u section #cjc7;b77#b72    
7,b7 = ! purposes ( subp>agraph 7,a71   
any lev]age grant$ by ! ,secret>y to !  
rural bus9ess inve/m5t company "u !     
program c>ri$ out "u subtitle ,h ( !    
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #bjji;cc et seq47    
%all be includ$ :5 det]m9+ ! maximum    
am\nt ( out/&+ lev]age t may be made    
available to ! rural bus9ess inve/m5t   
company "u ?is section2 &  7,c7 !       

,adm9i/ration1 9 consultation ) !       
,secret>y1 %all-- 7i7 impose su* t]ms & 
conditions ) respect to ! lev]age t !   
,adm9i/ration & ! ,secret>y det]m9e to  
be appropriate2 &  7ii7 9 develop+ !    
t]ms & conditions describ$ 9 clause     
7i7-- 7,i7 ensure1 to ! maximum ext5t   
practicable1 t ^? t]ms & conditions are 
n-- 7aa7 duplicative ( o!r requirem5ts  
applicable to rural bus9ess inve/m5t    
companies2 or  7bb7 o!rwise unnecess>y2 
&  7,,ii7 take into consid]ation h[     
rural bus9ess inve/m5t companies t h be5
 issu$ a lic5se by ! ,secret>y "u       
section #chd;,d7e7 ( ! ,consolidat$ ,f>m
 & ,rural ,developm5t ,act 7#g ,u4,s4,c4
 #bjji;cc-#c7;e77 be=e ! date ( enactm5t
 ( ?is section c\ld qualify to receive t
 lev]age4  7c7 ,int]nal evaluation ,n   
lat] ?an ,june #a ( ea* ye>1 !          
,adm9i/ration %all p]=m an evaluation to
 det]m9e :e!r ! ,adm9i/ration w be      
unable to exp5d all ( ! cov]$ am\nts = !
 fiscal ye> 9 :i* ! evaluation is made4 
2 &  7#b7 9 section #ejc7;g7 7#ae       

,u4,s4,c4 #fig7;g771 by ins]t+ 1 & )    
respect to lev]age grant$ "u section    
#cba1 aft] reta9$ by ! ,adm9i/ration "u 
?is section4  7b7 ,,sba requirem5ts     
7#a7 ,e/abli%m5t ( application process  
,n lat] ?an #ahj days aft] ! date (     
enactm5t ( ?is ,act1 ! ,adm9i/rator1 9  
consultation ) ! ,secret>y1 %all e/abli%
 a process ?r\gh :i* a rural bus9ess    
inve/m5t company may apply = lev]age    
grant$ "u section #cba ( ! ,small       
,bus9ess ,inve/m5t ,act ( #aieh1 z add$ 
by subsection 7a7 ( ?is section4  7#b7  
,update to rules ,n lat] ?an #ahj days  
aft] ! date ( enactm5t ( ?is ,act1 & 9  
addition to ! process e/abli%$ "u       
p>agraph 7#a71 ! ,adm9i/rator %all make 
any updates to ! rules ( ! ,adm9i/ration
 t are necess>y z a result ( ?is section
 & ! am5dm5ts made by ?is section4  #d4 
,int]ag5cy work+ gr\p  7a7 ,e/abli%m5t  
,n lat] ?an #ahj days aft] ! date (     
enactm5t ( ?is ,act1 ! ,adm9i/rator1 9  
consultation ) ! ,secret>y1 %all e/abli%
 an int]ag5cy work+ gr\p to develop--   

7#a7 adm9i/rative recomm5dations =      
improv+ ! coord9ation betwe5 !          
,adm9i/ration & ! ,dep>tm5t (           
,agriculture 9 adm9i/]+ ! program c>ri$ 
out "u "p ,a ( title ,,iii ( ! ,small   
,bus9ess ,inve/m5t ,act ( #aieh 7#ae    
,u4,s4,c4 #fha et seq47 & ! program     
c>ri$ out "u subtitle ,h ( !            
,consolidat$ ,f>m & ,rural ,developm5t  
,act 7#g ,u4,s4,c4 #bjji;cc et seq471   
respectively2 &  7#b7 legislative       
recomm5dations = improv+ capital access 
& inve/m5t 9 rural areas ( ! ,unit$     
,/ates ?r\gh ! programs describ$ 9      
p>agraph 7#a71 includ+ by increas+ !    
numb] ( lic5sees "u ^? programs4  7b7   
,memb]s  7#a7 ,9 g5]al ,! ,adm9i/rator1 
9 consultation ) ! ,secret>y1 %all      
appo9t to ! work+ gr\p su*              
repres5tatives f ! ,adm9i/ration & !    
,dep>tm5t ( ,agriculture1 & su*         
non-,f$]al indu/ry /akehold]s1 z !      
,adm9i/rator1 9 consultation ) !        
,secret>y1 det]m9es to be appropriate4  
7#b7 ,comp5sation ,no memb] ( ! work+   

gr\p may receive any comp5sation by     
reason ( ! s]vice ( ! memb] on ! work+  
gr\p4  7c7 ,report to ,congress ,n lat] 
?an #ahj days aft] ! date on :i* ! work+
 gr\p is e/abli%$ "u subsection 7a71 !  
work+ gr\p %all submit to ! appropriate 
committees ( ,congress a report t       
conta9s-- 7#a7 ! adm9i/rative actions t 
! ,adm9i/ration & ! ,dep>tm5t (         
,agriculture %\ld take to make !        
improvem5ts describ$ 9 p>agraph 7#a7 ( t
 subsection2 &  7#b7 ! legislative      
recomm5dations describ$ 9 p>agraph 7#b7 
( t subsection4  7d7 ,t]m9ation ,! work+
 gr\p %all t]m9ate ^u submission ( !    
report requir$ "u subsection 7c74  7e7  
,implem5tation ( recomm5dations ,n lat] 
?an #ij days aft] ! date on :i* ! work+ 
gr\p submits ! report requir$ "u        
subsection 7c71 ! ,adm9i/ration & !     
,dep>tm5t ( ,agriculture %all take !    
adm9i/rative actions describ$ 9 p>agraph
 7#a7 ( t subsection4  7f7              
,inapplicability ( ,f$]al ,advisory     
,committee ,act ,! ,f$]al ,advisory     

,committee ,act 7#e ,u4,s4,c4 ,app47    
%all n apply ) respect to ! work+ gr\p  
or ! activities ( ! work+ gr\p4