,,ii #aagth ,,congress #b;d ,session ,s4 #decb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ad1 #bjbb,ms4 ,hassan introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,community ,reinvestment ,act of #aigg to provide financial institutions with credit for providing community business development referrals or resources1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,strengthening ,community ,business ,development ,act4 #b4 ,,cra credit for providing community business development referrals or resources ,section #hjd of the ,community ,reinvestment ,act of #aigg 7#ab ,u4,s4,c4 #bijc7 is amended by adding at the end the following3 7e7 ,referrals to community business development organizations 7#a7 ,definition ,in this subsection1 the term community business development organization-- 7,a7 means an organization that provides low- and moderate-income borrowers with business development resources1 including-- 7i7 credit improvement programs2 7ii7 business counseling and mentoring2 7iii7 financial literacy programs2 and 7iv7 business development courses2 and 7,b7 includes-- 7i7 a district office of the ,small ,business ,administration2 7ii7 a small business development center described in section #ba of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh72 7iii7 a women's business center described in section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdi72 7iv7 an entrepreneurial center that offers business development resources1 including-- 7,i7 workshops1 training1 educational programs1 and other business development services2 and 7,,ii7 mentorship and business counseling services2 7v7 the ,service ,corps of ,retired ,executives authorized under section #h7;b77#a77;,b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b772 and 7vi7 a ,veteran ,business ,outreach ,center described in section #cb of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;b74 7#b7 ,requirement ,in assessing and taking into account1 under subsection 7a71 the record of a financial institution1 the appropriate ,federal financial supervisory agency may consider1 as a factor1 efforts of the financial institution to-- 7,a7 refer low- and moderate-income borrowers to whom they have denied business loans to community business development organizations2 or 7,b7 directly provide low- and moderate-income borrowers with business development resources4 7#c7 ,guidance 7,a7 ,in general ,not later than #fj days after the date of enactment of this subsection1 the appropriate ,federal financial supervisory agencies shall issue guidance to carry out this subsection4 7,b7 ,consideration of small financial institutions ,in issuing the guidance required under subparagraph 7,a71 the appropriate ,federal financial supervisory agencies shall consider ways for small financial institutions to receive credit for referrals and resources provided under paragraph 7#b74 7,c7 ,additional guidance ,the ,secretary of the ,treasury shall issue guidance for financial institutions on the process of referring a borrower to a community business development organization in a manner that responds to community needs4 4