,,ii #aag? ,,congress #b;d ,session ,s4 #ebbj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #h1 #bjbb ,mr4 ,c>d9 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to reau?orize programs ( ! ,small ,bus9ess ,adm9i/ration1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess ,adm9i/ration ,reau?orization & ,mod]nization ,act ( #bjbb4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,def9itions4 ,,title ,i--,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb ,sec4 #aja4 ,%ort title4 ,sec4 #ajb4 ,am5dm5ts to ,wom5's ,bus9ess ,c5t] ,program4 ,sec4 #ajc4 ,effect on exi/+ grants4 ,sec4 #ajd4 ,regulations4 ,,title ,,ii--,small ,bus9ess ,developm5t ,c5t]s ,improvem5t ,act ( #bjbb ,sec4 #bja4 ,%ort title4 ,sec4 #bjb4 ,annual report on entrepr5eurial developm5t programs4 ,sec4 #bjc4 ,m>ket+ ( s]vices4 ,sec4 #bjd4 ,data collection work+ gr\p4 ,sec4 #bje4 ,ov]sight2 fees f private p>tn]%ips & cosponsor%ips2 negotiation4 ,sec4 #bjf4 ,equity = small bus9ess developm5t c5t]s4 ,sec4 #bjg4 ,confid5tiality requirem5ts4 ,sec4 #bjh4 ,limitation on aw>d ( grants to small bus9ess developm5t c5t]s4 ,sec4 #bji4 ,au?orization ( appropriations = =mula grants receiv$ by ,/ates4 ,sec4 #baj4 ,requirem5ts relat+ to mat*+ funds4 ,sec4 #baa4 ,duties ( ! ,associate ,adm9i/rator = ,small ,bus9ess ,developm5t ,c5t]s4 ,sec4 #bab4 ,det]m9ation ( budget>y effects4 ,,title ,,iii--,,score = ,small ,bus9ess ,act ( #bjbb ,sec4 #cja4 ,%ort title4 ,sec4 #cjb4 ,,score ,program provisions & requirem5ts4 ,sec4 #cjc4 ,au?orization ( appropriations = ! ,,score program4 ,sec4 #cjd4 ,report+ requirem5ts4 ,sec4 #cje4 ,te*nical & con=m+ am5dm5ts4 ,,title ,,iv--,f$]al ,contract+ ,fairness ,act ( #bjbb ,sec4 #dja4 ,%ort title4 ,sec4 #djb4 ,f9d+s4 ,sec4 #djc4 ,def9itions4 ,sec4 #djd4 ,duration ( p>ticipation2 ramp-up p]iod2 transition p]iod4 ,sec4 #dje4 ,adm9i/rative requirem5ts = #h7;a7 firms4 ,sec4 #djf4 ,,sba repres5tation on ! ,f$]al ,acquisition ,regulation ,c\ncil4 ,sec4 #djg4 ,(fice ( ,small & ,disadvantag$ ,bus9ess ,utilization2 ,director4 ,sec4 #djh4 ,sole s\rce ?re%olds4 ,sec4 #dji4 ,m5tor-protege program4 ,sec4 #daj4 ,c]tification process4 ,sec4 #daa4 ,repeal ( bonafide (fice rule4 ,sec4 #dab4 ,reports4 ,sec4 #dac4 ,au?orization ( appropriations4 ,,title ,v--,community ,advantage ,loan ,program ,p]man5cy ,act ( #bjbb ,sec4 #eja4 ,%ort title4 ,sec4 #ejb4 ,f9d+s4 ,sec4 #ejc4 ,community ,advantage ,loan ,program4 ,,title ,,vi--,,/ep ,improvem5t ,act ( #bjbb ,sec4 #fja4 ,%ort title4 ,sec4 #fjb4 ,/ate ,trade ,expansion ,program4 ,,title ,,vii--,vet]ans ,programs ,sec4 #gja4 ,vet]an ,f$]al procurem5t entrepr5eur%ip tra9+ program4 ,sec4 #gjb4 ,boots to ,bus9ess ,program4 ,,title ,,viii--,surety ,bond ,program ,sec4 #hja4 ,exp&+ surety bond program4 ,,title ,,ix--,,sbic ,em]g+ ,manag]s ,program ,sec4 #ija4 ,broad5+ inve/m5t by ! ,,sbic program4 ,,title ,x--,new ,/>t ,act ( #bjbb ,sec4 #ajja4 ,%ort title4 ,sec4 #ajjb4 ,f9d+s4 ,sec4 #ajjc4 ,pilot program4 ,,title ,,xi--,,uplift ,act ( #bjbb ,sec4 #aaja4 ,%ort title4 ,sec4 #aajb4 ,f9d+s4 ,sec4 #aajc4 ,purposes4 ,sec4 #aajd4 ,innovation ,c5t]s ,program4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,adm9i/ration2 ,adm9i/rator ,! t]ms ,adm9i/ration & ,adm9i/rator mean ! ,small ,bus9ess ,adm9i/ration & ! ,adm9i/rator !re(1 respectively4 7#b7 ,appropriate committees ( ,congress ,! t]m appropriate committees ( ,congress means-- 7,a7 ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate2 & 7,b7 ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives4 7#c7 ,small bus9ess conc]n ,! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 ,i ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb #aja4 ,%ort title ,?is title may be cit$ z ! ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb4 #ajb4 ,am5dm5ts to ,wom5's ,bus9ess ,c5t] ,program ,section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef7 is am5d$ to read z foll[s3 #bi4 ,wom5's ,bus9ess ,c5t] ,program 7a7 ,def9itions ,9 ?is section3 7#a7 ,assi/ant ,adm9i/rator ,! t]m ,assi/ant ,adm9i/rator means ! ,assi/ant ,adm9i/rator ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip e/abli%$ "u subsection 7j74 7#b7 ,eligible entity ,! t]m eligible entity means-- 7,a7 an organization describ$ 9 section #eja7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf & exempt f taxation "u section #eja7;a7 ( su* ,code2 7,b7 a ,/ate1 regional1 or local economic developm5t organization1 if ! organization c]tifies t grant funds receiv$ "u ?is section w n be comm+l$ ) o!r funds2 7,c7 an in/itution ( high] education1 z def9$ 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja71 unless ! in/itution is receiv+ a grant "u section #ba2 7,d7 a developm5t1 cr$it1 or f9ance corporation *>t]$ by a ,/ate1 if ! corporation c]tifies t grant funds receiv$ "u ?is section w n be comm+l$ ) o!r funds2 or 7,e7 any comb9ation ( entities li/$ 9 subp>agraphs 7,a7 ?r\gh 7,d74 7#c7 ,program ,! t]m ,program means ! ,wom5's ,bus9ess ,c5t] ,program e/abli%$ "u subsection 7b74 7#d7 ,relevant organizations ,! t]m relevant organizations means-- 7,a7 organizations t advocate = or "w ) wom5 entrepr5eurs1 wom5's bus9ess own]%ip1 or wom5's bus9ess c5t]s2 & 7,b7 o!r organizations z ! ,adm9i/rator det]m9es appropriate4 7#e7 ,res\rce p>tn]s ,! t]m res\rce p>tn]s means small bus9ess developm5t c5t]s1 *apt]s ( ! ,s]vice ,corps ( ,retir$ ,executives e/abli%$ "u section #h7;b77#a77;,b71 & ,vet]an ,bus9ess ,outrea* ,c5t]s describ$ 9 section #cb4 7#f7 ,wom5's bus9ess c5t] ,! t]m wom5's bus9ess c5t] means ! location at :i* c\nsel+ & tra9+ on ! managem5t1 op]ations 7includ+ manufactur+1 s]vices1 & retail71 access to capital1 int]national trade1 gov]nm5t procurem5t opportunities1 & any o!r matt] t is ne$$ to />t1 ma9ta91 or exp& a small bus9ess conc]n own$ & controll$ by wom54 7#g7 ,wom5's ,bus9ess ,c5t] ,organization ,! t]m ,wom5's ,bus9ess ,c5t] ,organization means a memb]%ip organization =m$ by wom5's bus9ess c5t]s to pursue matt]s ( common conc]n4 7b7 ,au?ority 7#a7 ,e/abli%m5t ,!re is e/abli%$ a ,wom5's ,bus9ess ,c5t] ,program "u :i* ! ,adm9i/rator may ent] into a coop]ative agreem5t ) an eligible entity to provide a grant to ! eligible entity to op]ate #a or m wom5's bus9ess c5t]s = ! b5efit ( small bus9ess conc]ns own$ & controll$ by wom54 7#b7 ,use ( funds ,a wom5's bus9ess c5t] e/abli%$ us+ funds made available "u ?is section %all be design$ to provide entrepr5eurial c\nsel+ & tra9+ t meets ! ne$s ( ! small bus9ess conc]ns own$ & controll$ by wom51 especially conc]ns own$ & controll$ by wom5 :o are bo? socially & economically disadvantag$1 z def9$ 9 section #h7;a71 & %all provide-- 7,a7 f9ancial assi/ance1 includ+ c\nsel+ & tra9+ on h[ to-- 7i7 apply = & secure bus9ess cr$it & inve/m5t capital2 7ii7 prep>e & pres5t f9ancial /atem5ts2 & 7iii7 manage ca% fl[ & o!r f9ancial op]ations ( a small bus9ess conc]n2 7,b7 managem5t assi/ance1 includ+ c\nsel+ & tra9+ on h[ to plan1 organize1 /aff1 direct1 & control ea* major activity & function ( a small bus9ess conc]n2 7,c7 m>ket+ assi/ance1 includ+ c\nsel+ & tra9+ on h[ to-- 7i7 id5tify & segm5t dome/ic & int]national m>ket opportunities2 7ii7 prep>e & execute m>ket+ plans2 7iii7 develop pric+ /rategies2 7iv7 locate contract opportunities2 7v7 negotiate contracts2 & 7vi7 use v>i\s public relations & adv]tis+ te*niques2 & 7,d7 o!r s]vices1 z ne$$1 9 ord] to meet ! *ang+ & evolv+ ne$s ( ! small bus9ess community4 7#c7 ,types ( grants 7,a7 ,initial grant ,! am\nt ( an initial grant1 :i* %all be = a #e-ye> t]m1 provid$ "u ?is section to an eligible entity %all be n m ?an #cjj1jjj annually 7z t am\nt is annually adju/$ by ! ,adm9i/rator to reflect ! *ange 9 inflation74 7,b7 ,cont9uation grants 7i7 ,9 g5]al ,! ,adm9i/rator may aw>d a cont9uation grant1 :i* %all be = a #e-ye> t]m1 ( n m ?an #cjj1jjj annually 7z t am\nt is annually adju/$ by ! ,adm9i/rator to reflect ! *ange 9 inflation7 to an eligible entity t receiv$ an initial grant "u subp>agraph 7,a74 7ii7 ,no limitation ,!re %all be no limitation on ! numb] ( cont9uation grants an eligible entity may receive "u ?is section4 7c7 ,application 7#a7 ,initial grants & cont9uation grants ,to receive an initial grant or cont9uation grant "u ?is section1 an eligible entity %all submit an application to ! ,adm9i/rator 9 su* =m1 9 su* mann]1 & conta9+ su* in=mation z ! ,adm9i/rator may require1 includ+-- 7,a7 a c]tification t ! eligible entity-- 7i7 has designat$ an executive director or program manag]1 :o may be comp5sat$ us+ grant funds aw>d$ "u ?is section or o!r s\rces1 to manage ea* wom5's bus9ess c5t] = :i* a grant "u subsection 7b7 is s\ght2 & 7ii7 meets acc\nt+ & report+ requirem5ts e/abli%$ by ! ,director ( ! ,(fice ( ,managem5t & ,budget2 7,b7 in=mation demon/rat+ ! exp]i5ce & effectiv5ess ( ! eligible entity 9-- 7i7 provid+ entrepr5eurial c\nsel+ & tra9+ describ$ 9 subsection 7b77#b72 7ii7 provid+ tra9+ & s]vices to a repres5tative numb] ( wom5 :o are bo? socially & economically disadvantag$2 & 7iii7 work+ ) res\rce p>tn]s1 (fices ( ! ,adm9i/ration1 & o!r public & private entities engag+ 9 entrepr5eurial & small bus9ess developm5t2 & 7,c7 a #e-ye> plan t-- 7i7 includes in=mation relat+ to ! assi/ance to be provid$ by ea* wom5's bus9ess c5t] 9 ! area 9 :i* ea* c5t] is locat$2 7ii7 describes ! ability ( ! eligible entity to meet ! ne$s ( ! m>ket to be s]v$ by ea* wom5's bus9ess c5t]2 7iii7 describes ! ability ( ! eligible entity to obta9 ! mat*+ funds requir$ "u subsection 7e72 & 7iv7 describes ! ability ( ! eligible entity to provide entrepr5eurial c\nsel+ & tra9+ describ$ 9 subsection 7b77#b71 includ+ to a repres5tative numb] ( wom5 :o are bo? socially & economically disadvantag$4 7#b7 ,record ret5tion 7,a7 ,9 g5]al ,! ,adm9i/rator %all ma9ta9 a copy ( ea* application submitt$ "u ?is subsection = n less ?an #e ye>s4 7,b7 ,pap]work r$uction ,! ,adm9i/rator %all take /eps to r$uce1 to ! maximum ext5t practicable1 ! pap]work burd5 associat$ ) c>ry+ out subp>agraph 7,a74 7d7 ,selection ( eligible entities 7#a7 ,9 g5]al ,9 select+ recipi5ts ( initial grants "u ?is section1 ! ,adm9i/rator %all consid]-- 7,a7 ! exp]i5ce ( ! applicant 9 provid+ entrepr5eurial c\nsel+ & tra9+2 7,b7 ! am\nt ( "t ne$$ = ! applicant to comm5ce op]ation ( a wom5's bus9ess c5t]2 7,c7 ! capacity ( ! applicant to meet ! accr$itation /&>ds e/abli%$ "u subsection 7j77#d7 9 a timely mann] & ! likelihood t ! recipi5t w become accr$it$2 7,d7 ! ability ( ! applicant to su/a9 op]ations1 includ+ ! applicant's ability to obta9 mat*+ funds "u subsection 7e71 = a #e-ye> p]iod2 7,e7 ! propos$ location ( a wom5's bus9ess c5t] to be op]at$ by ! applicant & ! location's proximity to ,vet]an ,bus9ess ,outrea* ,c5t]s describ$ 9 section #cb & to recipi5ts ( grants "u section #h7;b77#a7 or #ba2 7,f7 ! c\nsel ( a ,wom5's ,bus9ess ,c5t] ,organization or ano!r relevant organization on ! level ( unmet ne$ 9 ! area :]e ! wom5's bus9ess c5t] is to be locat$2 & 7,g7 :e!r ! applicant has receiv$ tra9+s conduct$ by1 utiliz$ s]vices provid$ by1 or engag$ ) a ,wom5's ,bus9ess ,c5t] ,organization or ano!r relevant organization 9 ! prep>ation ( ! application4 7#b7 ,selection crit]ia 7,a7 ,rulemak+ ,! ,adm9i/rator %all issue regulations to specify ! crit]ia = review & selection ( applicants "u ?is subsection4 7,b7 ,effect ( regulations at "t ( application ,unless o!rwise requir$ by an ,act ( ,congress or an ord] ( a ,f$]al c\rt1 any application = an opportunity to aw>d a grant "u ?is section %all be gov]n$ by ! regulations issu$ pursuant to subp>agraph 7,a7 t are 9 effect at ! "t ( ! public ann\ncem5t ( su* opportunity made by ! ,adm9i/rator pursuant to subsection 7k77#a74 7,c7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph may be con/ru$ z prohibit+ ! ,adm9i/rator f modify+ ! regulations issu$ pursuant to subp>agraph 7,a7 z ! regulations apply to an opportunity to be aw>d$ a grant "u ?is section t ! ,adm9i/rator has n yet publicly ann\nc$ pursuant to subsection 7k77#a74 7e7 ,mat*+ requirem5ts 7#a7 ,9 g5]al ,subject to p>agraph 7#e71 ^u approval ( an application submitt$ by an eligible entity "u subsection 7c71 ! eligible entity %all agree to obta9 contributions f non-,f$]al s\rces-- 7,a7 9 ! fir/ & second ye> ( ! t]m ( an initial grant1 if applicable1 #a non-,f$]al doll> = e #b ,f$]al doll>s2 & 7,b7 9 ea* subsequ5t ye> ( ! t]m ( an initial grant1 if applicable1 or = ! t]m ( a cont9uation grant1 #a non-,f$]al doll> = ea* ,f$]al doll>4 7#b7 ,=m ( mat*+ funds ,n m ?an "o-half ( non-,f$]al mat*+ funds describ$ 9 p>agraph 7#a7 may be 9 ! =m ( 9-k9d contributions t are budget l9e items only1 includ+ (fice equipm5t & (fice space4 7#c7 ,solicitation ,not)/&+ any o!r provision ( law1 an eligible entity may-- 7,a7 solicit ca% & 9-k9d contributions f private individuals & entities to be us$ to op]ate a wom5's bus9ess c5t]2 & 7,b7 use am\nts made available by ! ,adm9i/rator "u ?is section = ! co/ ( solicitation & managem5t ( ! contributions receiv$1 subject to ! limitations set by ! ,adm9i/rator4 7#d7 ,disbursem5t ( funds ,! ,adm9i/rator may disburse an am\nt n great] ?an #be p]c5t ( ! total am\nt ( a grant aw>d$ to an eligible entity be=e ! eligible entity obta9s ! mat*+ funds describ$ 9 p>agraph 7#a74 7#e7 ,failure to obta9 mat*+ funds 7,a7 ,9 g5]al ,if an eligible entity fails to obta9 ! requir$ mat*+ funds describ$ 9 p>agraph 7#a71 ! eligible entity may n be eligible to receive advance disbursem5ts pursuant to p>agraph 7#d7 dur+ ! rema9d] ( ! t]m1 if applicable1 ( an initial grant aw>d$ "u ?is section4 7,b7 ,cont9uation grant ,be=e approv+ an eligible entity = a cont9uation grant "u ?is section1 ! ,adm9i/rator %all make a writt5 det]m9ation1 includ+ ! reasons = ! det]m9ation1 ( :e!r ! ,adm9i/rator believes t ! eligible entity w be able to obta9 ! requisite mat*+ fund+ "u p>agraph 7#a7 = ! cont9uation grant4 7#f7 ,waiv] ( non-,f$]al %>e 7,a7 ,9 g5]al ,^u reque/ by an eligible entity & 9 accordance ) ?is p>agraph1 ! ,adm9i/rator may waive1 9 :ole or 9 "p1 ! requirem5t to obta9 mat*+ funds "u p>agraph 7#a7 = a grant aw>d$ "u ?is section = ! eligible entity = a #a-ye> t]m ( ! grant4 7,b7 ,consid]ations ,9 det]m9+ :e!r to issue a waiv] "u ?is p>agraph1 ! ,adm9i/rator %all consid]-- 7i7 ! economic conditions affect+ ! eligible entity2 7ii7 ! demon/rat$ ability ( ! eligible entity to raise non-,f$]al funds2 & 7iii7 ! p]=mance ( ! eligible entity "u ! initial grant4 7,c7 ,limitation ,! ,adm9i/rator may n issue a waiv] "u ?is p>agraph if ! ,adm9i/rator det]m9es t grant+ ! waiv] w\ld und]m9e ! cr$ibility ( ! ,program4 7#g7 ,excess non-,f$]al doll>s ,! am\nt ( non-,f$]al doll>s obta9$ by an eligible entity t is great] ?an ! am\nt t is requir$ to be obta9$ by ! eligible entity "u ?is subsection %all n be subject to ! requirem5ts ( "p #bjj ( title #b1 ,code ( ,f$]al ,regulations1 or any successor !reto1 if ! am\nt ( non-,f$]al doll>s-- 7,a7 is n us$ z mat*+ funds = purposes ( implem5t+ ! ,program2 & 7,b7 0 n obta9$ by us+ funds grant$ "u ! ,program4 7#h7 ,c>ryov] ,an eligible entity may use excess non-,f$]al doll>s describ$ 9 p>agraph 7#g7 to satisfy ! mat*+ funds requirem5t "u p>agraph 7#a7 = ! subsequ5t #a-ye> grant t]m1 if applicable1 except t ! am\nts %all be subject to ! requirem5ts ( "p #bjj ( title #b1 ,code ( ,f$]al ,regulations1 or any successor !reto4 7f7 ,o!r requirem5ts 7#a7 ,sep>ation ( funds ,an eligible entity %all-- 7,a7 op]ate a wom5's bus9ess c5t] "u ?is section sep>ately f o!r projects1 if any1 ( ! eligible entity2 & 7,b7 sep>ately ma9ta9 & acc\nt = any grant funds receiv$ "u ?is section4 7#b7 ,exam9ation ( eligible entities 7,a7 ,requir$ site visit ,be=e receiv+ an initial grant "u ?is section1 ea* applicant %all h a site visit by an employee ( ! ,adm9i/ration 9 ord] to ensure t ! applicant has suffici5t res\rces to provide ! s]vices = :i* ! grant is be+ provid$4 7,b7 ,annual review ,an employee ( ! ,adm9i/ration %all-- 7i7 conduct an annual programmatic & f9ancial exam9ation ( ea* eligible entity1 z describ$ 9 subsection 7g72 & 7ii7 provide ! results ( ! exam9ation to ! eligible entity4 7#c7 ,rem$iation ( problems 7,a7 ,plan ( action ,if an exam9ation ( an eligible entity conduct$ "u p>agraph 7#b77;,b7 id5tifies any problems1 ! eligible entity %all1 n lat] ?an #de cal5d> days aft] receiv+ a copy ( ! results ( ! exam9ation1 provide ! ,assi/ant ,adm9i/rator ) a plan ( action1 includ+ specific mile/ones1 = correct+ ^? problems4 7,b7 ,plan ( action review by ! ,assi/ant ,adm9i/rator ,n lat] ?an #cj days aft] receipt ( ! plan ( action1 ! ,assi/ant ,adm9i/rator %all review ! plan ( action submitt$ "u subp>agraph 7,a71 & if ! ,assi/ant ,adm9i/rator det]m9es t ! plan-- 7i7 w br+ ! eligible entity into compliance ) all ! t]ms ( a coop]ative agreem5t describ$ 9 subsection 7b71 ! ,assi/ant ,adm9i/rator %all approve ! plan2 or 7ii7 is inadequate to rem$y ! problems id5tifi$ 9 ! annual exam9ation to :i* ! plan ( action relates1 ! ,assi/ant ,adm9i/rator %all set =? ! reasons 9 writ+ & provide ! det]m9ation to ! eligible entity n lat] ?an #ae cal5d> days aft] ! date ( det]m9ation4 7,c7 ,am5dm5t to plan ( action ,an eligible entity receiv+ a det]m9ation "u subp>agraph 7,b77ii7 %all h #cj cal5d> days f ! receipt ( ! det]m9ation to am5d ! plan ( action to satisfy ! problems id5tifi$ by ! ,assi/ant ,adm9i/rator & resubmit ! plan to ! ,assi/ant ,adm9i/rator4 7,d7 ,am5d$ plan review by ! ,assi/ant ,adm9i/rator ,n lat] ?an #ae cal5d> days aft] receipt ( an am5d$ plan ( action "u subp>agraph 7,c71 ! ,assi/ant ,adm9i/rator %all approve or reject ! plan & provide ! approval or rejection 9 writ+ to ! eligible entity4 7,e7 ,appeal ( ,assi/ant ,adm9i/rator det]m9ation 7i7 ,9 g5]al ,if ! ,assi/ant ,adm9i/rator rejects an am5d$ plan ( action "u subp>agraph 7,d71 ! eligible entity %all h ! opportunity to appeal ! decision to ! ,adm9i/rator1 :o may delegate ! appeal to an appropriate (fic] ( ! ,adm9i/ration4 7ii7 ,opportunity = explanation ,any appeal describ$ 9 clause 7i7 %all provide an opportunity = ! eligible entity to provide1 9 writ+1 an explanation ( :y ! am5d$ plan ( action ( ! eligible entity rem$ies ! problems id5tifi$ 9 ! annual exam9ation conduct$ "u p>agraph 7#b77;,b74 7iii7 ,notice ( det]m9ation ,! ,adm9i/rator %all provide to ! eligible entity a det]m9ation ( ! appeal1 9 writ+1 n lat] ?an #ae cal5d> days aft] ! eligible entity files an appeal "u ?is subp>agraph4 7iv7 ,effect ( failure to act ,if ! ,adm9i/rator fails to act on an appeal made "u ?is subp>agraph )9 ! #ae-;day p]iod specifi$ "u clause 7iii71 ! am5d$ plan ( action ( ! eligible entity submitt$ "u subp>agraph 7,c7 %all be deem$ to be approv$4 7#d7 ,t]m9ation ( grant 7,a7 ,9 g5]al ,! ,adm9i/rator %all t]m9ate a grant to an eligible entity "u ?is section if ! eligible entity fails to comply )-- 7i7 a plan ( action approv$ by ! ,assi/ant ,adm9i/rator "u p>agraph 7#c77;,b77i72 or 7ii7 an am5d$ plan ( action approv$ by ! ,assi/ant ,adm9i/rator "u p>agraph 7#c77;,d7 or approv$ on appeal "u p>agraph 7#c77;,e74 7,b7 ,appeal ( t]m9ation ,an eligible entity %all h ! opportunity to *all5ge ! t]m9ation ( a grant "u subp>agraph 7,a7 on ! record & aft] an opportunity = a he>+4 7,c7 ,f9al ag5cy action ,a det]m9ation made pursuant to subp>agraph 7,b7 %all be consid]$ f9al ag5cy action = ! purposes ( *apt] #g ( title #e1 ,unit$ ,/ates ,code4 7#e7 ,engagem5t ) majority ,wom5's ,bus9ess ,c5t] ,organization1 wom5's bus9ess c5t]s1 & o!r relevant organizations ,if1 on ! date ( enactm5t ( ! ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb1 a majority ( wom5's bus9ess c5t]s t are op]at+ pursuant to agreem5ts ) ! ,adm9i/ration are memb]s ( an individual ,wom5's ,bus9ess ,c5t] ,organization1 ! ,adm9i/rator %all-- 7,a7 recognize ! exi/5ce & activities ( ! ,organization2 & 7,b7 consult ) ! ,organization1 & to ! ext5t practicable1 wom5's bus9ess c5t]s & o!r relevant organizations1 on ! developm5t ( docum5ts ) respect to-- 7i7 ann\nc+ ! annual scope ( activities pursuant to ?is section2 7ii7 reque/+ proposals to deliv] assi/ance z provid$ 9 ?is section2 & 7iii7 ! gov]nance1 g5]al op]ations1 & adm9i/ration ( ! ,program1 includ+ g5]al be/ practices 9 ! op]ation ( ! ,program & ! developm5t ( regulations & f9ancial exam9ations "u t ,program4 7#f7 ,en=cem5t 7,a7 ,grants ,! ,assi/ant ,adm9i/rator %all develop policies & proc$ures to m9imize ! possibility ( aw>d+ a grant to an eligible entity t w op]ate a wom5's bus9ess c5t] t likely w n rema9 9 compliance ) program & f9ancial requirem5ts4 7,b7 ,individual coop]ative agreem5ts ,! ,assi/ant ,adm9i/rator %all en=ce ! t]ms ( any individual coop]ative agreem5t describ$ 9 p>agraph 7#e77;,b77iii74 7g7 ,program exam9ation 7#a7 ,9 g5]al ,! ,adm9i/ration %all-- 7,a7 develop & implem5t an annual programmatic & f9ancial exam9ation ( ea* eligible entity receiv+ a grant "u ?is section1 "u :i* ea* eligible entity %all provide to ! ,adm9i/ration-- 7i7 an itemiz$ co/ breakd[n ( actual exp5ditures = co/s incurr$ dur+ ! prec$+ ye>2 & 7ii7 docum5tation reg>d+ ! am\nt ( mat*+ assi/ance f non-,f$]al s\rces obta9$ & exp5d$ by ! eligible entity dur+ ! prec$+ ye> 9 ord] to meet ! requirem5ts ( subsection 7e7 &1 ) respect to any 9-k9d contributions describ$ 9 subsection 7e77#b7 t 7 us$ to satisfy ! requirem5ts ( subsection 7e71 v]ification ( ! exi/5ce & valuation ( ^? contributions2 & 7,b7 analyze ! results ( ea* exam9ation &1 bas$ on t analysis1 make a det]m9ation reg>d+ ! programmatic & f9ancial viability ( ea* wom5's bus9ess c5t] op]at$ by ! eligible entity4 7#b7 ,conditions = cont9u$ fund+ ,9 det]m9+ :e!r to aw>d a cont9uation grant to an eligible entity1 ! ,adm9i/rator %all-- 7,a7 consid] ! results ( ! mo/ rec5t exam9ation ( ! eligible entity "u p>agraph 7#a72 7,b7 det]m9e if-- 7i7 ! eligible entity has fail$ to provide1 or provid$ inadequate1 in=mation "u p>agraph 7#a77;,a72 or 7ii7 ! eligible entity has fail$ to provide any in=mation requir$ to be provid$ by a wom5's bus9ess c5t] = purposes ( ! managem5t report "u subsection 7l77#a71 or ! in=mation provid$ by ! c5t] is inadequate2 & 7,c7 consid] ! accr$itation /atus z describ$ 9 subsection 7j77#d74 7h7 ,contract au?ority 7#a7 ,eligible entity ,an eligible entity t receives a grant "u ?is section may ent] into a contract ) a ,f$]al dep>tm5t or ag5cy to provide specific assi/ance to small bus9ess conc]ns own$ & controll$ by wom5 & o!r und]s]v$ small bus9ess conc]ns1 if p]=mance ( t contract does n h9d] ! ability ( ! eligible entity to c>ry out ! t]ms ( a grant receiv$ "u ?is section4 7#b7 ,adm9i/rator 7,a7 ,9 g5]al ,! au?ority ( ! ,adm9i/rator to ent] into contracts %all be 9 effect = ea* fiscal ye> only to ! ext5t & 9 ! am\nts z are provid$ 9 advance 9 appropriations ,acts4 7,b7 ,adv]se contract action ,aft] ! ,adm9i/rator has ent]$ into a contract1 ei!r z a grant or a coop]ative agreem5t1 ) any applicant "u ?is section1 ! ,adm9i/rator %all n susp5d1 t]m9ate1 or fail to r5ew or ext5d ! contract unless ! ,adm9i/rator provides ! applicant ) writt5 notification sett+ =? ! reasons !re=e & af=ds ! applicant an opportunity = a he>+1 appeal1 or o!r adm9i/rative proce$+ "u *apt] #e ( title #e1 ,unit$ ,/ates ,code4 7i7 ,privacy requirem5ts 7#a7 ,9 g5]al ,a wom5's bus9ess c5t] may n disclose ! "n1 address1 email address1 or telephone numb] ( any individual or small bus9ess conc]n receiv+ assi/ance "u ?is section )\t ! cons5t ( t individual or small bus9ess conc]n1 unless-- 7,a7 ! ,adm9i/rator ord]s ! disclosure aft] ! ,adm9i/rator is ord]$ to make a disclosure by a c\rt 9 any civil or crim9al en=cem5t action initiat$ by a ,f$]al or ,/ate ag5cy2 or 7,b7 ! ,adm9i/rator consid]s a disclosure to be necess>y = ! purpose ( conduct+ a f9ancial audit ( a wom5's bus9ess c5t]1 except t ! disclosure %all be limit$ to ! in=mation necess>y = ! audit4 7#b7 ,adm9i/ration use ( in=mation ,?is subsection %all n-- 7,a7 re/rict ! access ( ! ,adm9i/ration to wom5's bus9ess c5t] data2 or 7,b7 prev5t ! ,adm9i/ration f us+ in=mation ab\t individuals :o use wom5's bus9ess c5t]s to conduct surveys ( ^? individuals4 7#c7 ,regulations ,! ,adm9i/rator %all issue regulations to e/abli% /&>ds = disclosures = purposes ( a f9ancial audit describ$ 9 p>agraph 7#a77;,b74 7j7 ,(fice ( ,wom5's ,bus9ess ,own]%ip 7#a7 ,e/abli%m5t ,!re is e/abli%$ )9 ! ,adm9i/ration an ,(fice ( ,wom5's ,bus9ess ,own]%ip1 :i* %all be-- 7,a7 responsible = ! adm9i/ration ( ! ,adm9i/ration's programs = ! developm5t ( wom5's bus9ess ent]prises1 z def9$ 9 section #djh ( ! ,wom5's ,bus9ess ,own]%ip ,act ( #aihh 7#ae ,u4,s4,c4 #gajh72 & 7,b7 adm9i/]$ by an ,assi/ant ,adm9i/rator1 :o %all be appo9t$ by ! ,adm9i/rator4 7#b7 ,assi/ant ,adm9i/rator ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip 7,a7 ,qualification ,! position ( ,assi/ant ,adm9i/rator ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip %all be-- 7i7 a ,s5ior ,executive ,s]vice position "u section #cacb7;a77#b7 ( title #e1 ,unit$ ,/ates ,code2 & 7ii7 a nonc>e] appo9tee1 z def9$ 9 section #cacb7;a77#g7 ( t title4 7,b7 ,duties ,! ,assi/ant ,adm9i/rator %all adm9i/] ! programs & s]vices ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip & p]=m ! foll[+ functions3 7i7 ,recomm5d ! annual adm9i/rative & program budgets ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip & eligible entities receiv+ a grant "u ! ,program4 7ii7 ,review ! annual budgets submitt$ by ea* eligible entity receiv+ a grant "u ! ,program4 7iii7 ,collaborate ) o!r ,f$]al dep>tm5ts & ag5cies1 ,/ate & local gov]nm5ts1 nonpr(it organizations1 & =-pr(it organizations to maximize utilization ( taxpay] doll>s & r$uce or elim9ate any duplication among ! programs ov]se5 by ! ,(fice ( ,wom5's ,bus9ess ,own]%ip & ^? ( o!r entities t provide simil> s]vices to wom5 entrepr5eurs4 7iv7 ,ma9ta9 a cle>+h\se to provide = ! dissem9ation & ex*ange ( in=mation betwe5 wom5's bus9ess c5t]s4 7v7 ,s]ve z ! vice *airp]son ( ! ,int]ag5cy ,committee on ,wom5's ,bus9ess ,ent]prise & z ! liaison = ! ,national ,wom5's ,bus9ess ,c\ncil4 7#c7 ,mission ,! mission ( ! ,(fice ( ,wom5's ,bus9ess ,own]%ip %all be to assi/ wom5 entrepr5eurs to />t1 gr[1 & compete 9 global m>kets by provid+ quality support ) access to capital1 access to m>kets1 job creation1 gr[?1 & c\nsel+ by-- 7,a7 fo/]+ p>ticipation ( wom5 entrepr5eurs 9 ! economy by ov]see+ a network ( wom5's bus9ess c5t]s ?r\gh\t ! ,unit$ ,/ates2 7,b7 creat+ public-private p>tn]%ips to support wom5 entrepr5eurs & conduct outrea* & education to small bus9ess conc]ns own$ & controll$ by wom52 & 7,c7 work+ ) o!r programs ( ! ,adm9i/ration to-- 7i7 ensure wom5 are well-repres5t$ 9 ^? programs & be+ s]v$ by ^? programs2 & 7ii7 id5tify gaps :]e p>ticipation by wom5 9 ^? programs c\ld be increas$4 7#d7 ,accr$itation program 7,a7 ,e/abli%m5t ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ! ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb1 ! ,adm9i/rator %all publi% /&>ds = a program to accr$it eligible entities t receive a grant "u ?is section4 7,b7 ,public comm5t2 transition ,be=e publi%+ ! /&>ds "u subp>agraph 7,a71 ! ,adm9i/rator-- 7i7 %all provide a p]iod ( n less ?an #fj days = public comm5t on ! /&>ds2 & 7ii7 may n t]m9ate a grant "u ?is section abs5t evid5ce ( fraud or o!r crim9al misconduct by ! recipi5t4 7,c7 ,contract+ au?ority ,! ,adm9i/rator may provide f9ancial support1 by contract or o!rwise1 to a ,wom5's ,bus9ess ,c5t] ,organization to provide assi/ance 9 e/abli%+ ! /&>ds requir$ "u subp>agraph 7,a7 or = c>ry+ out an accr$itation program pursuant to ^? /&>ds4 7#e7 ,cont9uation grant consid]ations 7,a7 ,9 g5]al ,9 det]m9+ :e!r to aw>d a cont9uation grant "u ?is section1 ! ,adm9i/rator %all consid] ! results ( ! annual programmatic & f9ancial exam9ation conduct$ "u subsection 7g7 & ! accr$itation program "u p>agraph 7#d74 7,b7 ,accr$itation requirem5t ,on & aft] ! date t is #b ye>s aft] ! date ( enactm5t ( ! ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb1 ! ,adm9i/ration may n aw>d a cont9uation grant "u ?is section unless ! applicable eligible entity has be5 approv$ "u ! accr$itation program conduct$ pursuant to p>agraph 7#d71 except t ! ,assi/ant ,adm9i/rator = ! ,(fice ( ,wom5's ,bus9ess ,own]%ip may waive ! accr$itation requirem5t1 9 ! discretion ( ! ,assi/ant ,adm9i/rator1 ^u a %[+ t ! eligible entity is mak+ a good fai? ef=t to obta9 accr$itation4 7#f7 ,annual conf]5ce 7,a7 ,9 g5]al ,ea* wom5's bus9ess c5t] %all p>ticipate 9 annual pr(essional developm5t at an annual conf]5ce facilitat$ by ! ,adm9i/rator4 7,b7 ,collaboration ,! ,adm9i/rator %all collaborate ) #a or m ,wom5's ,bus9ess ,c5t] ,organizations1 wom5's bus9ess c5t]s1 or o!r relevant organizations 9 c>ry+ out ! responsibilities ( ! ,adm9i/rator "u subp>agraph 7,a74 7k7 ,notification requirem5ts "u ! ,program ,! ,adm9i/rator %all provide ! foll[+3 7#a7 ,a public ann\ncem5t ( any opportunity to be aw>d$ grants "u ?is section1 to include ! selection crit]ia "u subsection 7d7 & any applicable regulations4 7#b7 ,to any applicant = a grant "u ?is section t fail$ to obta9 a grant1 an opportunity to debrief ) ! ,adm9i/rator to review ! reasons = ! failure ( ! applicant4 7#c7 ,to an eligible entity t receives an initial grant "u ?is section1 if a site visit or review ( ! eligible entity is c>ri$ out by an (fic] or employee ( ! ,adm9i/ration 7o!r ?an ! ,inspector ,g5]al71 a copy ( ! site visit report or evaluation1 z applicable1 n lat] ?an #cj cal5d> days aft] ! completion ( ! visit or evaluation4 7l7 ,annual managem5t report 7#a7 ,9 g5]al ,! ,adm9i/rator %all prep>e & submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives an annual report on ! effectiv5ess ( wom5's bus9ess c5t]s op]at$ ?r\gh a grant aw>d$ "u ?is section4 7#b7 ,in=mation = report ,ea* wom5's bus9ess c5t] %all1 annually & ^u reque/1 provide ! ,adm9i/rator ) suffici5t in=mation to complete ! report requir$ "u p>agraph 7#a71 includ+ ! in=mation describ$ 9 p>agraph 7#c74 7#c7 ,cont5ts ,ea* report submitt$ "u p>agraph 7#a7 %all summ>ize-- 7,a7 in=mation conc]n+1 ) respect to ea* wom5's bus9ess c5t] e/abli%$ pursuant to a grant aw>d$ "u ?is section1 ! mo/ rec5t analysis ( ! annual programmatic & f9ancial exam9ation ( ! applicable eligible entity1 z requir$ "u subsection 7g77#a77;,b71 & ! subsequ5t det]m9ation made by ! ,adm9i/ration "u t subsection2 7,b7 ! total numb] ( individuals & ! numb] ( unique individuals c\nsel$ or tra9$ ?r\gh ! ,program2 7,c7 ! total numb] ( h\rs ( c\nsel+ & tra9+ s]vices provid$ ?r\gh ! ,program2 7,d7 to ! ext5t practicable1 ! demographics ( ,program p>ticipants to include ! g5d]1 race1 e?nicity1 & age ( ea* p>ticipant2 7,e7 ! numb] ( ,program p>ticipants :o are vet]ans2 7,f7 ! numb] ( new bus9esses />t$ by p>ticipants 9 ! ,program2 7,g7 to ! ext5t practicable1 ! numb] ( jobs support$1 creat$1 or reta9$ ) assi/ance f wom5's bus9ess c5t]s2 7,h7 ! total am\nt ( capital secur$ by p>ticipants 9 ! ,program1 includ+ ?r\gh loans & equity inve/m5t ( ! ,adm9i/ration2 7,i7 ! numb] ( p>ticipants 9 ! ,program receiv+ f9ancial assi/ance1 includ+ ! type & doll> am\nt1 "u a loan program ( ! ,adm9i/ration2 7,j7 an e/imate ( gross receipts1 includ+ to ! ext5t practicable a description ( any *ange 9 rev5ue ( small bus9ess conc]ns assi/$ ?r\gh ! ,program2 7,k7 ! numb] ( ref]rals ( individuals to o!r res\rces & programs ( ! ,adm9i/ration2 7,l7 ! results ( satisfaction surveys ( p>ticipants1 includ+ a summ>y ( any comm5ts receiv$ f ^? p>ticipants2 & 7,m7 any recomm5dations by ! ,adm9i/rator to improve ! deliv]y ( s]vices by wom5's bus9ess c5t]s4 7m7 ,au?orization ( appropriations 7#a7 ,9 g5]al ,!re are au?oriz$ to be appropriat$ to ! ,adm9i/ration to c>ry out ?is section1 to rema9 available until exp5d$1 #ca1ejj1jjj = ea* ( fiscal ye>s #bjbc ?r\gh #bjbf4 7#b7 ,use ( am\nts 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 am\nts made available "u ?is subsection = fiscal ye> #bjbc1 & ea* fiscal ye> !reaft]1 may only be us$ = grant aw>ds & may n be us$ = co/s incurr$ by ! ,adm9i/ration 9 connection ) ! managem5t & adm9i/ration ( ! program "u ?is section4 7,b7 ,exceptions ,( ! am\nt made available "u ?is subsection = a fiscal ye>1 = ! fiscal ye> beg9n+ aft] ! date ( enactm5t ( ! ,wom5's ,bus9ess ,c5t]s ,improvem5t ,act ( #bjbb & ea* fiscal ye> !reaft] ?r\gh fiscal ye> #bjbf1 #b4f p]c5t %all be available = co/s incurr$ by ! ,adm9i/ration 9 connection ) ! managem5t & adm9i/ration ( ! program "u ?is section4 7,c7 ,accr$itation & annual conf]5ce ,( ! am\nts made available 9 any fiscal ye> to c>ry out ?is section1 n m ?an #bej1jjj may be us$ by ! ,adm9i/ration to pay = exp5ses relat$ to c>ry+ out p>agraphs 7#d7 & 7#f7 ( subsection 7j74 7#c7 ,exp$it$ acquisition ,not)/&+ any o!r provision ( law1 ! ,adm9i/rator may use exp$it$ acquisition me?ods z ! ,adm9i/rator det]m9es to be appropriate to c>ry out ?is section1 except t ! ,adm9i/rator %all ensure t all small bus9ess conc]ns are provid$ a reasonable opportunity to submit proposals4 4 #ajc4 ,effect on exi/+ grants 7a7 ,t]ms & conditions ,a nonpr(it organization receiv+ a grant "u section #bi7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef7m771 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act1 %all cont9ue to receive ! grant "u ! t]ms & conditions 9 effect = ! grant on ! day be=e ! date ( enactm5t ( ?is ,act1 except t ! nonpr(it organization may n apply = a cont9uation ( ! grant "u section #bi7m77#e7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef7m77#e771 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act4 7b7 ,l5g? ( cont9uation grant ,! ,adm9i/rator may aw>d a grant "u section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef71 z am5d$ by ?is title1 to a nonpr(it organization receiv+ a grant "u section 7m7 ( su* section #bi1 z 9 effect on ! day be=e ! date ( enactm5t ( ?is ,act1 = ! p]iod-- 7#a7 beg9n+ on ! day aft] ! la/ day ( ! grant agreem5t "u su* section #bi7m72 & 7#b7 end+ at ! end ( ! ?ird fiscal ye> beg9n+ aft] ! date ( enactm5t ( ?is ,act4 #ajd4 ,regulations ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all issue rules z are necess>y to c>ry out section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef71 z am5d$ by ?is title1 & ensure t a p]iod ( public comm5t = ^? rules is n less ?an #fj days4 ,,ii ,small ,bus9ess ,developm5t ,c5t]s ,improvem5t ,act ( #bjbb #bja4 ,%ort title ,?is title may be cit$ z ! ,small ,bus9ess ,developm5t ,c5t]s ,improvem5t ,act ( #bjbb4 #bjb4 ,annual report on entrepr5eurial developm5t programs ,section #aj ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fci7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,annual report on entrepr5eurial developm5t programs 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cov]$ program ,! t]m cov]$ program means a program au?oriz$ "u section #g7;j71 #g7m71 #h7;a71 #h7;b77#a71 #ba1 #bb1 #bi1 #cb1 or #cd4 7,b7 ,entrepr5eurial developm5t activity ,! t]m entrepr5eurial developm5t activity means an activity relat$ to ! deliv]y ( entrepr5eurial developm5t s]vices1 entrepr5eurial education1 or support = ! developm5t & ma9t5ance ( bus9ess tra9+ s]vices c>ri$ out ?r\gh a cov]$ program4 7#b7 ,report requir$ ,! ,adm9i/rator %all include 9 ! compreh5sive annual report requir$ "u subsection 7a7 ! foll[+ data3 7,a7 ,a li/ ( all entrepr5eurial developm5t activities und]tak5 dur+ ! fiscal ye> prec$+ ! date ( ! report ?r\gh a cov]$ program1 includ+-- 7i7 a description & op]at+ details = ea* su* cov]$ program & ! activities p]=m$ "u ea* su* cov]$ program2 7ii7 op]at+ circul>s1 manuals1 & /&>d op]at+ proc$ures = ea* su* cov]$ program2 7iii7 a description ( ! process us$ to make aw>ds relat+ to ! provision ( entrepr5eurial developm5t activities "u ea* su* cov]$ program2 7iv7 a li/ ( all recipi5ts ( aw>ds "u ea* su* cov]$ program & ! am\nt ( ea* su* aw>d2 & 7v7 a li/ ( contractors1 includ+ ! "n & location ( su* contractor1 ( an aw>d recipi5t4 7,b7 ,! total am\nt ( fund+ obligat$ = a cov]$ program & ! entrepr5eurial developm5t activities conduct$ "u ea* su* cov]$ program = ! fiscal ye> prec$+ ! date ( ! report4 7,c7 ,! names & titles ( ! individuals responsible = c>ry+ out a cov]$ program4 7,d7 ,= entrepr5eurial developm5t activities und]tak5 dur+ ! fiscal ye> prec$+ ! date ( ! report ?r\gh ! small bus9ess developm5t c5t] program e/abli%$ "u section #ba 79 ?is section ref]r$ to z ! ,program7-- 7i7 ! total numb] & numb] ( individuals c\nsel$ or tra9$ ?r\gh ! ,program2 7ii7 ! total numb] ( h\rs ( c\nsel+ & tra9+ s]vices provid$ ?r\gh ! ,program2 7iii7 to ! ext5t practicable1 ! demographics ( p>ticipants 9 ! ,program1 :i* %all include ! g5d]1 race1 e?nicity1 & age ( ea* su* p>ticipant2 7iv7 ! numb] ( p>ticipants 9 ! ,program :o are vet]ans2 7v7 ! numb] ( new bus9esses />t$ by p>ticipants 9 ! ,program2 7vi7 to ! ext5t practicable1 ! numb] ( jobs support$1 creat$1 & reta9$ ) assi/ance f ! ,program2 7vii7 to ! ext5t practicable1 ! total am\nt ( capital secur$ by p>ticipants 9 ! ,program1 includ+ ?r\gh loans & equity inve/m5t f ! ,adm9i/ration2 7viii7 ! numb] ( p>ticipants 9 ! ,program receiv+ f9ancial assi/ance1 includ+ ! type & doll> am\nt1 "u a loan program ( ! ,adm9i/ration2 7ix7 an e/imate ( gross receipts1 includ+1 to ! ext5t practicable1 a description ( any *ange 9 rev5ue1 ( small bus9ess conc]ns assi/$ ?r\gh ! ,program2 7x7 ! numb] ( ref]rals ( individuals to o!r res\rces & programs ( ! ,adm9i/ration2 7xi7 ! results ( satisfaction surveys ( p>ticipants 9 ! ,program1 includ+ a summ>y ( any comm5ts receiv$ f ^? p>ticipants2 & 7xii7 any recomm5dations by ! ,adm9i/rator to improve ! deliv]y ( s]vices by ! ,program4 4 #bjc4 ,m>ket+ ( s]vices ,section #ba ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7 is am5d$ by add+ at ! end ! foll[+3 7o7 ,no prohibition ( m>ket+ ( s]vices ,an applicant receiv+ a grant "u ?is section may use up to #aj p]c5t ( _! budget to m>ket & adv]tise ! s]vices ( ! applicant to individuals & small bus9ess conc]ns4 4 #bjd4 ,data collection work+ gr\p 7a7 ,e/abli%m5t ( work+ gr\p ,to improve data collection ,! ,adm9i/rator %all e/abli% a gr\p to be kn[n z ! ,data ,collection ,work+ ,gr\p consi/+ ( entrepr5eurial developm5t grant recipi5ts1 ! associations & organizations repres5t+ su* recipi5ts1 & (ficials f ! ,adm9i/ration1 to c>ry out a /udy to det]m9e ! be/ me?ods = conduct+ data collection activities & create or revise exi/+ sy/ems d$icat$ to data collection4 7b7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,data ,collection ,work+ ,gr\p %all issue a report to ! appropriate committees ( ,congress conta9+ ! f9d+s & det]m9ations made 9 c>ry+ out ! /udy requir$ "u subsection 7a71 includ+-- 7#a7 recomm5dations = revis+ exi/+ data collection practices = ! small bus9ess developm5t c5t] program e/abli%$ "u section #ba ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh72 & 7#b7 a propos$ plan = ! ,adm9i/rator to implem5t ! recomm5dations describ$ 9 p>agraph 7#a74 #bje4 ,ov]sight2 fees f private p>tn]%ips & cosponsor%ips2 negotiation ,section #ba7;a77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;a77#c77 is am5d$-- 7#a7 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ 1 includ+ f9ancial ov]sight1 aft] ov]sight2 7#b7 by mov+ subp>agraphs 7,a7 & 7,b7 #b ems to ! "r2 7#c7 9 subp>agraph 7,c7-- 7,a7 by /rik+ ,:]eas2 7,b7 by ins]t+ ,program aft] ,c5t]2 & 7,c7 by /rik+ ,national & ins]t+ national2 & 7#d7 by add+ at ! end ! foll[+3 7,d7 7i7 ,a small bus9ess developm5t c5t] t p>ticipates 9 a private p>tn]%ip or cosponsor%ip1 9 :i* ! ,adm9i/rator or designee ( ! ,adm9i/rator also p>ticipates1 may collect fees or o!r income 9 ord] to hold ev5ts relat$ to ! private p>tn]%ip or cosponsor%ip4 7ii7 ,no?+ 9 clause 7i7 %all be con/ru$ z ! ,adm9i/ration endors+ a private p>tn]%ip or cosponsor%ip describ$ 9 clause 7i74 7,e7 ,an association =m$ "u subp>agraph 7,a7 %all1 at ! reque/ ( a small bus9ess developm5t c5t] applicant or applicants1 p>ticipate 9 ! negotiation ( ! coop]ative agreem5t describ$ 9 ?is p>agraph betwe5 ! small bus9ess developm5t c5t] applicant or applicants & ! ,adm9i/ration4 4 #bjf4 ,equity = small bus9ess developm5t c5t]s ,section #ba7;a77#d77;,c77v7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;a77#d77;,c77v77 is am5d$ to read z foll[s3 7v7 ,use ( am\nts ,( ! am\nts made available 9 any fiscal ye> to c>ry out ?is section1 n m ?an #fjj1jjj may be us$ by ! ,adm9i/ration to pay exp5ses enum]at$ 9 subp>agraphs 7,b7 ?r\gh 7,d7 ( section #bj7;a77#a74 4 #bjg4 ,confid5tiality requirem5ts ,section #ba7;a77#g77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;a77#g77;,a77 is am5d$1 9 ! matt] prec$+ clause 7i7-- 7#a7 by /rik+ or telephone numb] & ins]t+ 1 telephone numb]1 or email address2 & 7#b7 by ins]t+ 1 or ! nature or cont5t ( su* assi/ance1 to any ,/ate1 local1 or ,f$]al ag5cy1 or to any ?ird p>ty aft] receiv+ assi/ance "u ?is section4 #bjh4 ,limitation on aw>d ( grants to small bus9ess developm5t c5t]s 7a7 ,9 g5]al ,section #ba ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh71 z am5d$ by section #bjc ( ?is title1 is am5d$-- 7#a7 9 subsection 7a77#a7-- 7,a7 by /rik+ any wom5's bus9ess c5t] op]at+ pursuant to section #bi12 7,b7 by /rik+ or a wom5's bus9ess c5t] op]at+ pursuant to section #bi z a ,small ,bus9ess ,developm5t ,c5t]2 & 7,c7 by /rik+ & wom5's bus9ess c5t]s op]at+ pursuant to section #bi2 & 7#b7 by add+ at ! end ! foll[+3 7p7 ,limitation on aw>d ( grants ,except = nonpr(it in/itutions ( high] education1 & not)/&+ any o!r provision ( law1 ! ,adm9i/rator may n aw>d a grant or contract to1 or ent] into a coop]ative agreem5t )1 an entity "u ?is section unless t entity-- 7#a7 receiv$ a grant or contract f1 or ent]$ into a coop]ative agreem5t )1 ! ,adm9i/rator "u ?is section be=e ! date ( enactm5t ( ?is subsection2 & 7#b7 seeks to r5ew su* a grant1 contract1 or coop]ative agreem5t aft] su* date4 4 7b7 ,rule ( con/ruction ,! am5dm5ts made by ?is section may n be con/ru$ z prohibit+ a wom5's bus9ess c5t] describ$ 9 section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef7 f receiv+ a subgrant f an entity receiv+ a grant "u section #ba ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh74 #bji4 ,au?orization ( appropriations = =mula grants receiv$ by ,/ates ,section #ba7;a77#d77;,c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;a77#d77;,c77 is am5d$-- 7#a7 9 clause 7vii71 by /rik+ subp>agraph & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ subp>agraph #age1jjj1jjj = ea* ( fiscal ye>s #bjbc ?r\gh #bjbf42 & 7#b7 9 clause 7viii7-- 7,a7 by /rik+ %all res]ve n less ?an #a1jjj1jjj & ins]t+ %all res]ve n m ?an #b1jjj1jjj2 & 7,b7 by /rik+ #ajj1jjj & ins]t+ #bjj1jjj4 #baj4 ,requirem5ts relat+ to mat*+ funds ,section #ba7;a77#d77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;a77#d77;,a77 is am5d$ by add+ at ! end ! foll[+3 ,su* mat*+ funds %all be evid5c$ by good fai? ass]tions f ! applicant1 & ! exp5diture ( mat*+ funds %all n be made a pr]equisite ( ! reimbursem5t ( ,f$]al funds1 not)/&+ ! f9al reconciliation paym5t = ! close-out ( ea* aw>d44 #baa4 ,duties ( ! ,associate ,adm9i/rator = ,small ,bus9ess ,developm5t ,c5t]s ,section #ba7;h77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;h77#b77 is am5d$ by add+ at ! end ! foll[+3 7,c7 ,m>ket+ ,! ,associate ,adm9i/rator = ,small ,bus9ess ,developm5t ,c5t]s %all m>ket & adv]tise ! ,small ,bus9ess ,developm5t ,c5t] ,program & p>ticipants 9 t ,program z a res\rce available to any ,f$]al program provid+ assi/ance to small bus9ess conc]ns1 includ+ ! ,,fa/ program e/abli%$ "u section #cd4 4 #bab4 ,det]m9ation ( budget>y effects ,! budget>y effects ( ?is title1 = ! purpose ( comply+ ) ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj1 %all be det]m9$ by ref]5ce to ! late/ /atem5t titl$ ,budget>y ,effects ( ,,paygo ,legislation = ?is ,act1 submitt$ = pr9t+ 9 ! ,congressional ,record by ! ,*airman ( ! ,h\se ,budget ,committee1 provid$ t su* /atem5t has be5 submitt$ prior to ! vote on passage4 ,,iii ,,score = ,small ,bus9ess ,act ( #bjbb #cja4 ,%ort title ,?is title may be cit$ z ! ,,score = ,small ,bus9ess ,act ( #bjbb4 #cjb4 ,,score ,program provisions & requirem5ts ,section #h ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7 is am5d$-- 7#a7 9 subsection 7b77#a77;,b7-- 7,a7 by /rik+ a ,s]vice ,corps ( ,retir$ ,executives 7,,score7 & ins]t+ ! ,,score program2 & 7,b7 by /rik+ ,,score may & ins]t+ ! ,,score ,association may2 & 7#b7 by /rik+ subsection 7c7 & ins]t+ ! foll[+3 7c7 ,,score program 7#a7 ,coop]ative agreem5t ,! ,adm9i/rator %all ent] into a coop]ative agreem5t ) ! ,,score ,association to c>ry out ! ,,score program1 :i* %all include ! foll[+ requirem5ts3 7,a7 ,adm9i/rator duties ,! ,adm9i/rator %all-- 7i7 e #b ye>s1 conduct a f9ancial exam9ation ( ! ,,score ,association to ensure t any co/s paid = ) ,f$]al funds are all[able1 allocable1 & reasonable2 7ii7 review & approve contracts ent]$ into by ! ,,score ,association to provide goods or s]vices = ! ,,score program ( a value great] ?an an am\nt det]m9$ by ! ,adm9i/rator2 7iii7 ma9ta9 a sy/em ?r\gh :i* ! ,,score ,association provides docum5tation relat+ to ^? contracts2 & 7iv7 n lat] ?an #cj days aft] ! receipt ( a qu>t]ly report on ! a*ievem5ts ( ! ,,score program submitt$ by ! ,,score ,association1 reconcile diff]5ces betwe5 t report & ! p]=mance results ( ! ,,score program report$ 9 a managem5t in=mation sy/em ( ! ,(fice ( ,entrepr5eurial ,developm5t4 7,b7 ,,score ,association duties ,! ,,score ,association %all-- 7i7 manage nationwide *apt]s ( ! ,,score program2 7ii7 provide annual tra9+ to employees ( ! ,,score ,association on g5]at+ & us+ program income f ! ,,score program2 7iii7 submit docum5tation to ! ,adm9i/rator v]ify+ ! annual tra9+ is complet$2 7iv7 ma9ta9 sep>ation ( funds donat$ to ! ,,score ,association f program income & funds receiv$ pursuant to a coop]ative agreem5t2 & 7v7 ma9ta9 & en=ce requirem5ts = volunte]s p>ticipat+ 9 ! ,,score program1 includ+ requirem5ts t ea* volunte] %all-- 7,i7 bas$ on ! bus9ess exp]i5ce & k ( ! volunte]-- 7aa7 provide p]sonal c\nsel+1 m5tor+1 & coa*+ on ! process ( />t+1 exp&+1 manag+1 buy+1 & sell+ a bus9ess at no co/ to individuals :o own1 or aspire to own1 small bus9ess conc]ns2 & 7bb7 facilitate free or l[-co/ education work%ops = individuals :o own1 or aspire to own1 small bus9ess conc]ns2 & 7,,ii7 z appropriate1 use tools1 res\rces1 & exp]tise ( o!r organizations to c>ry out ! ,,score program4 7,c7 ,jo9t duties ,! ,adm9i/rator1 9 consultation ) ! ,,score ,association1 %all ensure t ! ,,score program & ea* *apt] ( ! ,,score program-- 7i7 develop & implem5t plans & goals to effectively & effici5tly provide s]vices to individuals 9 rural areas1 economically disadvantag$ communities1 or o!r traditionally und]s]v$ communities1 includ+ plans = virtual1 remote1 & web-bas$ initiatives1 *apt] expansion1 p>tn]%ips1 & ! developm5t ( new skills by volunte]s p>ticipat+ 9 ! ,,score program2 & 7ii7 re9=ce an inclusive culture by recruit+ div]se volunte]s = ! *apt]s ( ! ,,score program4 7#b7 ,onl9e compon5t ,9 addition to provid+ 9-p]son s]vices1 ! ,,score ,association %all ma9ta9 & exp& onl9e c\nsel+ s]vices includ+ web9>s1 electronic m5tor+ plat=ms1 & onl9e toolkits to fur!r support entrepr5eurs4 7#c7 ,acc\nt+ ,! ,,score ,association %all-- 7,a7 ma9ta9 a c5traliz$ acc\nt+ & f9anc+ sy/em = ea* *apt] ( ! ,,score program2 7,b7 ma9ta9 a uni=m policy & proc$ures to manage ,f$]al funds receiv$ pursuant to a coop]ative agreem5t describ$ 9 p>agraph 7#a72 & 7,c7 ma9ta9 an employee ( ! ,,score ,association to s]ve z a compliance (fic] to ensure exp5ditures ( ! ,,score program are fully compliant ) any law1 regulation1 or coop]ative agreem5t relat+ to ! ,,score program4 7#d7 ,comp5sation ,! ,,score ,association %all-- 7,a7 ma9ta9 a docum5t$ comp5sation policy t-- 7i7 specifies ! maximum rate ( pay all[able = any individual 9 ! ,,score ,association2 7ii7 specifies ! maximum p]c5t ( ! aggregate sal>ies ( employees ( ! ,,score ,association t may be sp5t on individual p]=mance aw>ds to employees ( ! ,,score ,association2 & 7iii7 %all be review$ annually by ! ,,score ,association & ! ,adm9i/rator2 7,b7 prohibit paym5t ( sal>ies or p]=mance aw>ds t exce$ ! limits set by ! ,,score ,association comp5sation policy2 & 7,c7 prohibit memb]s ( ! ,bo>d ( ,directors ( ! ,,score ,association or any employees ( ! ,,score ,association f simultane\sly s]v+ on ! ,bo>d ( ,directors (1 or receiv+ comp5sation f1 ! ,,score ,f\ndation )\t writt5 approval f ! ,adm9i/rator4 7#e7 ,:i/lebl[] protection requirem5ts ,! ,,score ,association %all-- 7,a7 annually update all manuals or o!r docum5ts applicable to employees & volunte]s ( ! ,,score ,association or ! ,,score program to include requirem5ts relat+ to report+ proc$ures & protections = :i/lebl[]s2 & 7,b7 conduct an annual tra9+ = employees & volunte]s ( ! ,,score ,association or ! ,,score program on ! requirem5ts describ$ 9 subp>agraph 7,a7 & enc\rage ! use ( ! hotl9e e/abli%$ by ! ,(fice ( ! ,inspector ,g5]al ( ! ,adm9i/ration to submit :i/lebl[] reports4 7#f7 ,publi%$ mat]ials ,! ,,score ,association %all ensure all publi%$ mat]ials include writt5 ackn[l$gm5t ( ,adm9i/ration support ( ! ,,score program if ^? mat]ials are paid = 9 :ole or 9 "p by ,f$]al funds4 7#g7 ,privacy requirem5ts 7,a7 ,9 g5]al ,nei!r ! ,adm9i/rator nor ! ,,score ,association may disclose ! "n1 email address1 address1 or telephone numb] ( any individual or small bus9ess conc]n receiv+ assi/ance f ! ,,score ,association )\t ! cons5t ( ! individual or small bus9ess conc]n1 unless-- 7i7 ! ,adm9i/rator is ord]$ to make a disclosure by a c\rt 9 any civil or crim9al en=cem5t action initiat$ by a ,f$]al or ,/ate ag5cy2 or 7ii7 ! ,adm9i/rator det]m9es t a disclosure is necess>y = ! purpose ( conduct+ a f9ancial audit ( ! ,,score program1 9 :i* case disclosure %all be limit$ to ! in=mation necess>y = ! audit4 7,b7 ,adm9i/rator use ( in=mation ,?is p>agraph %all n-- 7i7 re/rict ! access ( ! ,adm9i/rator to ,,score program activity data2 or 7ii7 prev5t ! ,adm9i/rator f us+ ,,score program cli5t in=mation to conduct cli5t surveys4 7,c7 ,/&>ds 7i7 ,9 g5]al ,! ,adm9i/rator %all1 aft] opportunity = notice & comm5t1 e/abli% /&>ds =-- 7,i7 disclosures ) respect to f9ancial audits describ$ 9 subp>agraph 7,a77ii72 & 7,,ii7 conduct+ cli5t surveys1 includ+ /&>ds = ov]sight ( ! surveys & = dissem9ation & use ( cli5t in=mation4 7ii7 ,maximum privacy protection ,! /&>ds issu$ "u ?is subp>agraph %all1 to ! ext5t practicable1 provide = ! maximum am\nt ( privacy protection4 7#h7 ,annual report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ! ,,score = ,small ,bus9ess ,act ( #bjbb & annually !reaft]1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report on ! p]=mance & effectiv5ess ( ! ,,score program1 :i* may be includ$ z "p ( ano!r report submitt$ to ^? committees by ! ,adm9i/rator1 & :i* %all include-- 7,a7 ! total numb] & ! numb] ( unique cli5ts c\nsel$ or tra9$ "u ! ,,score program2 7,b7 ! total numb] ( h\rs ( c\nsel+ or tra9+ provid$ "u ! ,,score program2 7,c7 ! total numb] ( local work%ops provid$ "u ! ,,score program2 7,d7 ! total numb] ( cli5ts att5d+ onl9e & local work%ops provid$ "u ! ,,score program2 7,e7 to ! ext5t practicable1 ! demographics ( ,,score program cli5ts & volunte]s1 :i* %all include ! g5d]1 race1 e?nicity1 & age ( ea* cli5t or volunte]2 7,f7 ! numb] ( ,,score program cli5ts & volunte]s :o are vet]ans2 7,g7 ) respect to bus9esses assi/$ "u ! ,,score program1 ! co/ to create a job1 ! co/ to create a bus9ess1 & ! return on inve/m5t2 7,h7 ! numb] ( ref]rals ( ,,score program cli5ts to o!r res\rces & programs ( ! ,adm9i/ration2 7,i7 ! results ( ,,score program cli5t satisfactory surveys1 includ+ a summ>y ( any comm5ts receiv$ f ^? cli5ts2 7,j7 ! numb] ( new bus9esses />t$ by ,,score program cli5ts2 7,k7 ! p]c5tage ( bus9esses assi/$ by ! ,,score program realiz+ rev5ue gr[?2 7,l7 to ! ext5t practicable1 ! numb] ( jobs creat$ ) assi/ance f ! ,,score program2 7,m7 ! total co/ ( ! ,,score program2 7,n7 any recomm5dations ( ! ,adm9i/rator to improve ! ,,score program2 7,o7 an explanation ( h[ ! ,,score program has be5 integrat$ )-- 7i7 small bus9ess developm5t c5t]s2 7ii7 wom5's bus9ess c5t]s describ$ 9 section #bi2 7iii7 ,vet]an ,bus9ess ,outrea* ,c5t]s describ$ 9 section #cb2 7iv7 o!r (fices ( ! ,adm9i/ration2 & 7v7 o!r public & private entities engag+ 9 entrepr5eurial & small bus9ess developm5t2 7,p7 ! ,,score comp5sation policy = ! relevant fiscal ye>1 includ+-- 7i7 a li/ ( any *anges to ! comp5sation policy s9ce ! previ\s fiscal ye>2 & 7ii7 ju/ification if ! maximum rate ( pay all[able = any individual 9 ! ,,score ,association exce$s ! maximum rate ( pay all[able = an individual 9 ! c>e] ,s5ior ,executive ,s]vice employ$ at ! ,adm9i/ration2 7,q7 ! names1 positions1 & sal>ies ( any employees ( ! ,,score ,association ^: sal>ies exce$ ! maximum rate ( pay all[able p] ! ,,score comp5sation policy2 7,r7 ! p]c5t ( ! aggregate sal>ies ( employees ( ! ,,score ,association sp5t on individual p]=mance aw>ds to employees ( ! ,,score ,association1 ) a ju/ification if ?is am\nt exce$s #aj p]c5t2 7,s7 ! total am\nt ( p]=mance aw>ds t h be5 disburs$ or w be disburs$ aft] ! la/ day ( ! fiscal ye> 9 :i* ! aw>ds 7 e>n$ & a ju/ification = any aw>ds t h be5 disburs$ or w be disburs$ outside ! fiscal ye> 9 :i* ! aw>ds 7 e>n$2 & 7,t7 ! names1 positions1 & sal>ies ( any memb]s ( ! ,bo>d ( ,directors ( ! ,,score ,association or any employees ( ! ,,score ,association t simultane\sly s]ve on ! ,bo>d ( ,directors (1 or receive comp5sation f1 ! ,,score ,f\ndation )\t writt5 approval ( ! ,adm9i/rator4 4 #cjc4 ,au?orization ( appropriations = ! ,,score program ,section #bj ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca note7 is am5d$ by add+ at ! end ! foll[+3 7i7 ,,score program ,!re are au?oriz$ to be appropriat$ to ! ,adm9i/rator to c>ry out ! ,,score program su* sums z are necess>y = ! ,adm9i/rator to make grants or ent] into coop]ative agreem5ts 9 a total am\nt t does n exce$ #ah1jjj1jjj 9 ea* ( fiscal ye>s #bjbc & #bjbd4 4 #cjd4 ,report+ requirem5ts 7a7 ,def9itions ,9 ?is section1 ! t]ms ,,score ,association & ,,score program h ! mean+s giv5 ^? t]ms 9 subsection 7gg7 ( section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb71 z add$ by section #cje ( ?is title4 7b7 ,/udy & report on ! future role ( ! ,,score program 7#a7 ,/udy ,! ,,score ,association %all c>ry out a /udy on ! future role ( ! ,,score program & develop a /rategic plan = h[ ! ,,score program w meet ! ne$s ( small bus9ess conc]ns dur+ ! #e-ye> p]iod beg9n+ on ! date ( enactm5t ( ?is ,act1 ) specific objectives = ! fir/1 ?ird1 & fif? ye>s ( ! #e-ye> p]iod4 7#b7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,,score ,association %all submit to ! appropriate committees ( ,congress a report conta9+-- 7,a7 all f9d+s & det]m9ations made 9 c>ry+ out ! /udy requir$ "u p>agraph 7#a72 7,b7 ! /rategic plan develop$ "u p>agraph 7#a72 & 7,c7 an explanation ( h[ ! ,,score ,association plans to a*ieve ! /rategic plan1 assum+ bo? /agnant & increas$ fund+ levels4 7c7 ,adm9i/rator report on leas$ space ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ! appropriate committees ( ,congress a report conta9+ an assessm5t ( ! co/ ( leas$ space t is donat$ to ! ,,score ,association4 7d7 ,onl9e compon5t report ,n lat] ?an #c mon?s aft] ! la/ day ( ! fir/ full fiscal ye> foll[+ ! date ( enactm5t ( ?is ,act1 ! ,,score ,association %all submit to ! appropriate committees ( ,congress a report on ! effectiv5ess ( ! onl9e c\nsel+ s]vices requir$ "u p>agraph 7#b7 ( section #h7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;c771 z add$ by section #cjb ( ?is title1 includ+ a description (-- 7#a7 h[ ! ,,score ,association det]m9es electronic m5tor+ & web9> ne$s1 develops tra9+ = electronic m5tor+1 e/abli%es web9> crit]ia curricula1 & evaluates web9> & electronic m5tor+ results2 7#b7 ! int]nal controls t are us$ & a summ>y ( ! topics cov]$ by ! web9>s2 & 7#c7 p]=mance metrics1 includ+ ! numb] ( small bus9ess conc]ns c\nsel$ by1 ! numb] ( small bus9ess conc]ns creat$ by1 ! numb] ( jobs creat$ & reta9$ by1 & ! fund+ am\nts direct$ t[>ds ^? onl9e c\nsel+ s]vices4 #cje4 ,te*nical & con=m+ am5dm5ts 7a7 ,small ,bus9ess ,act ,! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 7#a7 9 section #c 7#ae ,u4,s4,c4 #fcb71 by add+ at ! end ! foll[+3 7gg7 ,,score program def9itions ,9 ?is ,act3 7#a7 ,,score program ,! t]m ,,score program means ! ,s]vice ,corps ( ,retir$ ,executives program describ$ 9 section #h7;c74 7#b7 ,,score ,association ,! t]m ,,score ,association means ! ,s]vice ,corps ( ,retir$ ,executives ,association or any successor or o!r organization t ent]s into a coop]ative agreem5t describ$ 9 section #h7;c77#a7 ) ! ,adm9i/rator to op]ate ! ,,score program4 7#c7 ,,score ,f\ndation ,! t]m ,,score ,f\ndation means an organization ) a mission to support ! ,,score ,association & volunte]s ( ! ,,score program4 2 7#b7 9 section #g 7#ae ,u4,s4,c4 #fcf7-- 7,a7 9 subsection 7b77#ab7-- 7i7 9 ! p>agraph head+1 by /rik+ score & ins]t+ ,,score program2 & 7ii7 9 subp>agraph 7,a71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives & ins]t+ ,,score program2 & 7,b7 9 subsection 7m77#c77;,a77i77,,viii71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives & ins]t+ ,,score program2 7#c7 9 section #bj7;d77#a77;,e7 7#ae ,u4,s4,c4 #fca note71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives program & ins]t+ ,,score program2 & 7#d7 9 section #bb 7#ae ,u4,s4,c4 #fdi7-- 7,a7 9 subsection 7b7-- 7i7 9 p>agraph 7#a71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives au?oriz$ by section 7#h77;b77#a7 & ins]t+ ,,score program2 & 7ii7 9 p>agraph 7#c71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives & ins]t+ ,,score program2 & 7,b7 9 subsection 7c77#ab71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives au?oriz$ by section #h7;b77#a7 & ins]t+ ,,score program4 7b7 ,o!r laws 7#a7 ,small ,bus9ess ,reau?orization ,act ( #aiig ,section #gjg ( ! ,small ,bus9ess ,reau?orization ,act ( #aiig 7#ae ,u4,s4,c4 #fca note7 is am5d$ by /rik+ ,s]vice ,corps ( ,retir$ ,executives 7,,score7 program & ins]t+ ,,score program describ$ 9 section #h7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;c774 7#b7 ,vet]ans ,entrepr5eur%ip & ,small ,bus9ess ,developm5t ,act ( #aiii ,section #cja ( ! ,vet]ans ,entrepr5eur%ip & ,small ,bus9ess ,developm5t ,act ( #aiii 7#ae ,u4,s4,c4 #feg;b note7 is am5d$-- 7,a7 9 subsection 7a7-- 7i7 9 ! matt] prec$+ p>agraph 7#a71 by /rik+ ,s]vice ,core ( ,retir$ ,executives 7describ$ 9 section #h7;b77#a77;,b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b77 & 9 ?is section ref]r$ to z ,,score7 & ins]t+ ,,score program describ$ 9 section #h7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;c77 79 ?is section ref]r$ to z ! ,,score program72 7ii7 9 p>agraphs 7#a71 7#b71 & 7#c71 by /rik+ ,,score ea* place ! t]m appe>s & ins]t+ ! ,,score program2 & 7iii7 9 p>agraph 7#b71 by /rik+ ! be=e e/abli%+2 & 7,b7 9 subsection 7b71 by /rik+ ,,score ea* place ! t]m appe>s & ins]t+ ! ,,score program4 7#c7 ,milit>y ,res]vi/ & ,vet]an ,small ,bus9ess ,reau?orization & ,opportunity ,act ( #bjjh ,! ,milit>y ,res]vi/ & ,vet]an ,small ,bus9ess ,reau?orization & ,opportunity ,act ( #bjjh 7#ae ,u4,s4,c4 #fcf note7 is am5d$-- 7,a7 9 section #c1 by /rik+ p>agraph 7#e7 & ins]t+ ! foll[+3 7#e7 ! t]m ,,score program means ! ,,score program describ$ 9 section #h7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;c772 2 & 7,b7 9 section #bja7;c77#b77;,b77i71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives & ins]t+ ,,score program4 7#d7 ,*ildr5's ,heal? ,insurance ,program ,reau?orization ,act ( #bjji ,section #fba ( ! ,*ildr5's ,heal? ,insurance ,program ,reau?orization ,act ( #bjji 7#ae ,u4,s4,c4 #fegp7 is am5d$-- 7,a7 9 subsection 7a71 by /rik+ p>agraph 7#d7 & ins]t+ ! foll[+3 7#d7 ! t]m ,,score program means ! ,,score program describ$ 9 section #h7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;c772 2 & 7,b7 9 subsection 7b77#d77;,a77iv71 by /rik+ ,s]vice ,corps ( ,retir$ ,executives & ins]t+ ,,score program4 7#e7 ,en]gy ,policy & ,cons]vation ,act ,section #ccg7;d77#b77;,a7 ( ! ,en]gy ,policy & ,cons]vation ,act 7#db ,u4,s4,c4 #fcjg7;d77#b77;,a77 is am5d$ by /rik+ ,s]vice ,corps ( ,retir$ ,executives 7,,score7 & ins]t+ ,,score program4 ,,iv ,f$]al ,contract+ ,fairness ,act ( #bjbb #dja4 ,%ort title ,?is title may be cit$ z ! ,f$]al ,contract+ ,fairness ,act ( #bjbb4 #djb4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,!re rema9 disp>ities 9 education1 employm5t1 & bus9ess hi/ory1 :i* includes unequal contract+ opportunities1 unequal access to cr$it or capital1 & acquisition ( cr$it or capital "u comm]cially unfavorable circum/ances1 betwe5 individuals def9$ z socially & economically disadvantag$ "u ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 & o!r individuals4 7#b7 ,! foll[+ /ati/ics reit]ate ! disp>ities describ$ 9 p>agraph 7#a73 7,a7 ,( ! #af1cjj1jjj /ud5ts enroll$ 9 #d-ye> und]graduate univ]sity 9 ! fall ( #bjaf1 #i1ajj1jjj 7 ,:ite1 #c1bjj1jjj 7 ,hispanic1 #b1bjj1jjj 7 ,black1 & #a1ajj1jjj million 7 ,asian4 ,9 #bjah1 #da p]c5t ( all #ah- to #bd-ye>-olds 7 enroll$ 9 college4 ,h[ev]1 #cg p]c5t ( ,black #ah- to #bd-ye>-olds & #bf p]c5t ( ,hispanic #ah- to #bd-ye>-olds 7 enroll$ 9 college4 ,additionally1 9 #bjai1 #bi p]c5t ( ,black adults _h a ba*elor's degree or high]1 #ba p]c5t ( ,lat9o or ,hispanic adults _h a ba*elor's degree or high]1 & #bb p]c5t ( ,pacific ,isl&] adults _h a ba*elor's degree or high]1 z comp>$ to #de p]c5t ( ,:ite adults4 7,b7 ,9 #bjbj1 #bd p]c5t ( ,black employees & #bd p]c5t ( ,hispanic employees report hav+ be5 discrim9at$ aga9/ at "w1 comp>$ to #ae p]c5t ( ,:ite employees report+ discrim9ation at "w4 ,9 ! fir/ qu>t] ( #bjbb1 ! unemploym5t rate 9 ! ,unit$ ,/ates among ,:ite work]s 0 #c4f p]c5t comp>$ to #f4h p]c5t among ,black work]s & #d4i p]c5t among ,hispanic work]s4 7,c7 ,) reg>ds to contract+1 9 #bjba1 #b4gh p]c5t ( ,f$]al contracts 7 aw>d$ to ,asian-own$ small bus9esses1 #a4fg p]c5t w5t to ,black-own$ small bus9esses1 #a4gh p]c5t w5t to ,hispanic-own$ small bus9esses1 & #b4fi p]c5t w5t to ,native ,am]ican-own$ small bus9esses comp>$ to #ae4fd p]c5t ( ,f$]al contracts aw>d$ to ,:ite-own$ small bus9esses4 ,9 total1 #i4d p]c5t ( contract+ doll>s w5t to m9ority-own$ bus9esses :5 #ai p]c5t ( ,unit$ ,/ates employ] bus9esses are m9ority-own$4 7,d7 ,9 t]ms ( access to capital1 9 #bjba1 #ae p]c5t ( ,asian-own$ small bus9esses receiv$ all ! f9anc+ !y s\ght1 #af p]c5t ( ,black-own$ small bus9esses receiv$ all ! non-em]g5cy f9anc+ !y s\ght1 & #ai p]c5t ( ,hispanic-own$ small bus9esses receiv$ all ! non-em]g5cy f9anc+ !y s\ght1 z comp>$ to #ce p]c5t ( ,:ite-own$ small bus9esses4 7#c7 ,giv5 ^! disp>ities1 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 rema9s a vital "p 9 increas+ access to ,f$]al contract+ opportunities = bus9ess own]s consid]$ socially & economically disadvantag$1 z def9$ 9 su* ,act1 & is a critical bus9ess developm5t program = ensur+ ^! individuals c />t & gr[ _! bus9esses to compete = ,f$]al contracts4 #djc4 ,def9itions ,9 ?is title1 ! t]ms qualifi$ ,h,u,b,zone small bus9ess conc]n1 small bus9ess conc]n own$ & controll$ by s]vice-disabl$ vet]ans1 & small bus9ess conc]n own$ & controll$ by wom5 h ! mean+s giv5 ^? t]ms 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 #djd4 ,duration ( p>ticipation2 ramp-up p]iod2 transition p]iod 7a7 ,ext5sion ( program p>ticipation p]iod ,section #g7;j77#ae7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;j77#ae77 is am5d$-- 7#a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ n9e ye>s & ins]t+ #aj ye>s2 7#b7 9 subp>agraph 7,a71 by /rik+ f\r ye>s & ins]t+ #e ye>s2 & 7#c7 9 subp>agraph 7,b71 by /rik+ five ye>s & ins]t+ #e ye>s4 7b7 ,ramp-up p]iod 7#a7 ,def9ition ,9 ?is subsection1 ! t]m cov]$ small bus9ess conc]n means a small bus9ess conc]n t1 z ( ! date ( enactm5t ( ?is ,act-- 7,a7 is 9 ! fir/ #c ye>s z a p>ticipant 9 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 7,b7 is an individually own$ entity2 & 7,c7 has n be5 aw>d$ a contract "u su* section #h7;a71 exclud+ contracts t meet ! simplifi$ acquisition ?re%old describ$ 9 section #acd ( title #da1 ,unit$ ,/ates ,code4 7#b7 ,election 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 a cov]$ small bus9ess conc]n may elect at ! "t ( c]tification to beg9 ! #aj-ye> program p>ticipation p]iod "u section #g7;j77#ae7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;j77#ae771 z am5d$ by subsection 7a71 on ! e>li] (-- 7i7 ! date on :i* ! cov]$ small bus9ess conc]n is aw>d$ a contract "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 or 7ii7 #c ye>s aft] ! date on :i* ! cov]$ small bus9ess conc]n 0 c]tifi$ to p>ticipate 9 ! program e/abli%$ "u su* section #h7;a74 7,b7 ,limitation ,not)/&+ subp>agraph 7,a71 ! program p>ticipation p]iod = a cov]$ small bus9ess conc]n "u section #g7;j77#ae7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;j77#ae77 %all n exce$ #ac ye>s4 7#c7 ,tra9+ 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 if a cov]$ small bus9ess conc]n makes an election "u p>agraph 7#b71 ! cov]$ small bus9ess conc]n %all-- 7i7 p>ticipate 9 #ab h\rs p] ye> ( m>ket+1 bus9ess developm5t tra9+1 & engagem5t to %[ int5t 9 build+ capacity to p>ticipate 9 ! ,f$]al contract+ m>ket1 :i* %all be satisfi$ ?r\gh tra9+ provid$ by ! ,adm9i/ration1 ! ,m9ority ,bus9ess ,developm5t ,ag5cy1 res\rce p>tn]s ( ! ,adm9i/ration1 ,procurem5t ,te*nical ,assi/ance ,c5t]s1 or national organizations ) exp]tise 9 ,f$]al contract+ or t provide contract+ c]tifications2 & 7ii7 log ! progress ( ! cov]$ small bus9ess conc]n on ! tra9+ c>ri$ out "u clause 7i7 9 ! annual review submitt$ by ! cov]$ small bus9ess conc]n4 7,b7 ,exception 7i7 ,9 g5]al ,! requirem5ts "u subp>agraph 7,a77i7 %all be waiv$ = a cov]$ small bus9ess conc]n if1 be=e rea*+ #cf h\rs ( tra9+ "u subp>agraph 7,a77i71 ! cov]$ small bus9ess conc]n is aw>d$ a contract "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a774 7ii7 ,requirem5t to log ,not)/&+ clause 7i71 a cov]$ small bus9ess conc]n t receives a waiv] "u clause 7i7 is requir$ to log ! tra9+ 9 :i* ! small bus9ess conc]n p>ticipates "u subp>agraph 7,a7 9 accordance ) clause 7ii7 ( su* subp>agraph4 7c7 ,transition p]iod 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m cov]$ small bus9ess conc]n means a small bus9ess conc]n t is 9 ! f9al #c ye>s ( p>ticipation 9 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 & 7,b7 ! t]m economically disadvantag$ individual means an individual describ$ 9 section #h7;a77#f77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#f77;,a774 7#b7 ,increas$ am\nts ,! ,adm9i/rator may p]mit ! own] ( a cov]$ small bus9ess conc]n to h an adju/$ gross income & p]sonal net wor? t is n m ?an #c times high] ?an ! am\nt all[$ = ! cov]$ small bus9ess program "u ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a771 & cont9ue to be consid]$ economically disadvantag$ = ! purposes ( t program1 if ! own] demon/rates-- 7,a7 an inve/m5t 9 ! cov]$ small bus9ess conc]n to cont9ue to compete 9 ! ,f$]al contract+ m>ket1 su* z inve/m5t 9 company infra/ructure2 7,b7 a plan = h[ ! cov]$ small bus9ess conc]n is be+ prep>$ to compete = ,f$]al contracts aft] exit+ ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 & 7,c7 any o!r metrics z det]m9$ by ! ,adm9i/rator4 #dje4 ,adm9i/rative requirem5ts = #h7;a7 firms ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all issue or revise regulations to-- 7#a7 make ! review process = small bus9ess conc]ns already c]tifi$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 less burd5some by modify+ ! annual review ( ea* su* small bus9ess conc]n1 includ+ by-- 7,a7 provid+ t1 ) respect to su* an annual review1 ea* su* small bus9ess conc]n-- 7i7 %all submit to ! ,adm9i/rator a new bus9ess plan1 includ+ a contract =eca/1 a transitional managem5t plan1 & an annual p]=mance ( contracts1 & a bus9ess capture /rategy approa* only if ! plan or approa*1 z applicable1 has *ang$1 z comp>$ ) ! previ\s ye>2 & 7ii7 may indicate to ! ,adm9i/rator t !re has be5 no *ange to ! bus9ess plan or bus9ess capture /rategy approa* describ$ 9 clause 7i7 dur+ ! previ\s ye>2 & 7,b7 mak+ su* o!r r$uctions 9 ! numb] ( =ms & docum5ts submitt$ by ea* su* small bus9ess conc]n t ! ,adm9i/rator det]m9es necess>y1 :ile /ill ensur+ t ea* su* small bus9ess conc]n ma9ta9s good /&+ ) respect to ! program c>ri$ out "u su* section #h7;a72 7#b7 det]m9e a new process = h[ ! ,adm9i/rator processes ! annual review ( ea* su* small bus9ess conc]n t1 at a m9imum1 requires ! ,adm9i/rator to conduct a review1 :i* %all be exp$it$1 ( ! small bus9ess conc]n :5 ! small bus9ess conc]n is aw>d$ a contract "u su* section #h7;a72 & 7#c7 coord9ate ) ! ,g5]al ,s]vices ,adm9i/ration to /reaml9e ! ,pa/ ,p]=mance ,que/ionnaire =m = small bus9ess conc]ns & ,f$]al ag5cies p>ticipat+ 9 ! programs e/abli%$ "u sections #h7;a71 #h7m71 #ca1 & #cf ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a71 #fcg7m71 #feg;a1 #feg;f74 #djf4 ,,sba repres5tation on ! ,f$]al ,acquisition ,regulation ,c\ncil ,section #acjb7;b7 ( title #da1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 9 subp>agraph 7,c71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,d71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7,e7 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration4 2 & 7#b7 9 p>agraph 7#b77;,a71 by /rik+ subp>agraphs 7,b7 to 7,d7 & ins]t+ subp>agraphs 7,b7 ?r\gh 7,e74 #djg4 ,(fice ( ,small & ,disadvantag$ ,bus9ess ,utilization2 ,director ,section #ae7k77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7k77#c77 is am5d$ by ins]t+ be at a level t is n less s5ior ?an ! ,"u ,secret>y ( ,def5se = ,policy or ! ,"u ,secret>y ( ,def5se = ,acquisition & ,su/a9m5t1 aft] appraisals714 #djh4 ,sole s\rce ?re%olds ,! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 7#a7 9 section #h 7#ae ,u4,s4,c4 #fcg7-- 7,a7 9 subsection 7a77#a77;,d77i71 by /rik+ subclause 7,,ii7 & ins]t+ ! foll[+3 7,,ii7 ! anticipat$ aw>d price ( ! contract 7includ+ options & options p]iods7 w exce$-- 7aa7 #ab1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = rese>* & developm5t1 except t su* am\nt %all be #ad1jjj1jjj if ! small bus9ess conc]n is a p>ticipat+ or graduat$ m5tor 91 or a jo9t v5ture e/abli%$ "u1 ! m5tor-protege program "u section #de2 7bb7 #ad1jjj1jjj 7or #af1jjj1jjj1 if ! small bus9ess conc]n is a p>ticipat+ or graduat$ m5tor 91 or a jo9t v5ture e/abli%$ "u1 ! m5tor-protege program "u section #de7 9 ! case ( a contract opportunity describ$ 9 item 7aa71 if ! small bus9ess conc]n subcontracts ) an in/itution ( high] education describ$ 9 section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a771 = :i* ! limitations on subcontract+ "u section #df %all n apply2 7cc7 #ad1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+1 except t su* am\nt %all be #af1jjj1jjj if ! small bus9ess conc]n is a p>ticipat+ or graduat$ m5tor 91 or a jo9t v5ture e/abli%$ "u1 ! m5tor-protege program "u section #de2 or 7dd7 #aj1jjj1jjj 9 ! case ( any o!r contract opportunity1 except t su* am\nt %all be #ab1jjj1jjj if ! small bus9ess conc]n is a p>ticipat+ or graduat$ m5tor 91 or a jo9t v5ture e/abli%$ "u1 ! m5tor-protege program "u section #de4 2 & 7,b7 9 subsection 7m7-- 7i7 9 p>agraph 7#g77;,b71 by /rik+ clauses 7i7 & 7ii7 & ins]t+ ! foll[+3 7i7 #ab1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = rese>* & developm5t2 7ii7 #ad1jjj1jjj 9 ! case ( a contract opportunity describ$ 9 item 7aa71 if ! small bus9ess conc]n p>tn]s ) an in/itution ( high] education describ$ 9 section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a772 7iii7 #ad1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+2 or 7iv7 #aj1jjj1jjj 9 ! case ( any o!r contract opportunity2 & 2 & 7ii7 9 p>agraph 7#h77;,b71 by /rik+ clauses 7i7 & 7ii7 & ins]t+ ! foll[+3 7i7 #ab1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = rese>* & developm5t2 7ii7 #ad1jjj1jjj 9 ! case ( a contract opportunity describ$ 9 item 7aa71 if ! small bus9ess conc]n p>tn]s ) an in/itution ( high] education describ$ 9 section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a772 7iii7 #ad1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+2 or 7iv7 #aj1jjj1jjj 9 ! case ( any o!r contract opportunity2 & 2 7#b7 9 section #ca7;c77#b77;,a77ii7 7#ae ,u4,s4,c4 #feg;a7c77#b77;,a77ii771 by /rik+ subclauses 7,i7 & 7,,ii7 & ins]t+ ! foll[+3 7,i7 #ab1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = rese>* & developm5t2 7,,ii7 #ad1jjj1jjj 9 ! case ( a contract opportunity describ$ 9 item 7aa71 if ! qualifi$ ,h,u,b,zone small bus9ess conc]n p>tn]s ) an in/itution ( high] education describ$ 9 section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a772 7,,iii7 #ad1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+2 or 7,,iv7 #aj1jjj1jjj 9 ! case ( any o!r contract opportunity2 & 2 & 7#c7 9 section #cf7;c77#b7 7#ae ,u4,s4,c4 #feg;f7c77#b771 by /rik+ subp>agraphs 7,a7 & 7,b7 & ins]t+ ! foll[+3 7,a7 #ab1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = rese>* & developm5t2 7,b7 #ad1jjj1jjj 9 ! case ( a contract opportunity describ$ 9 item 7aa71 if ! small bus9ess conc]n p>tn]s ) an in/itution ( high] education describ$ 9 section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a772 7,c7 #ad1jjj1jjj 9 ! case ( a contract opportunity assign$ a ,nor? ,am]ican ,indu/ry ,classification ,sy/em code = manufactur+2 or 7,d7 #aj1jjj1jjj 9 ! case ( any o!r contract opportunity2 & 4 #dji4 ,m5tor-protege program 7a7 ,removal ( re/riction on numb] ( m5tors 7#a7 ,9 g5]al ,section #de7;b77#c77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fegr7b77#c77;,a77 is am5d$ by /rik+ 1 includ+ any re/rictions & all t foll[s ?r\gh ! end ( ! subp>agraph & ins]t+ a p]iod4 7#b7 ,regulations ,! ,adm9i/rator %all issue regulations to provide t !re is no re/riction on ! numb] ( m5tors "u section #de ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fegr7 t a small bus9ess conc]n p>ticipat+ 9 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 may h :ile p>ticipat+ 9 ! program1 if ! m5tor-protege relation%ips d n conflict or compete ) ea* o!r4 7b7 ,database ,! ,adm9i/rator %all create an onl9e c5traliz$ database = m5tors & proteges 7z def9$ 9 section #de ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fegr77 to fo/] connection & support bus9ess developm5t betwe5 ! #b gr\ps4 7c7 ,/reaml9$ process ,! ,adm9i/rator %all issue regulations to /reaml9e ! process = apply+ to ! m5tor-protege program e/abli%$ "u section #de ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fegr74 #daj4 ,c]tification process 7a7 ,regulations ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all issue regulations to /reaml9e ! c]tification process = small bus9ess conc]ns seek+ to become c]tifi$ z-- 7#a7 a p>ticipant 9 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 7#b7 a small bus9ess conc]n own$ & controll$ by wom52 7#c7 a qualifi$ ,h,u,b,zone small bus9ess conc]n2 or 7#d7 a small bus9ess conc]n own$ & controll$ by s]vice-disabl$ vet]ans4 7b7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ! appropriate committees ( ,congress a report t outl9es h[ ! ,adm9i/rator plans to /reaml9e ! c]tification process describ$ 9 subsection 7a74 #daa4 ,repeal ( bonafide (fice rule ,section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 is am5d$ by repeal+ p>agraph 7#aa74 #dab4 ,reports 7a7 ,demographic data ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 & annually !reaft]1 ! ,adm9i/rator %all-- 7#a7 make publicly available on ! website ( ! ,adm9i/ration-- 7,a7 disaggregat$ data on ! size & numb] ( contracts 9 total by ! ,f$]al ,gov]nm5t & by ea* ,f$]al ag5cy to small bus9ess conc]ns by demographics1 includ+1 at a m9imum1 ! g5d]1 race1 & e?nicity categories publi%$ by ! ,adm9i/ration 9 ! disaggregat$ ,f$]al contract+ data 9 ,decemb] #bjba1 & ! size ( ! small bus9ess conc]n2 & 7,b7 data on ! numb] ( small bus9ess conc]ns own$ & controll$ by disabl$ individuals t are p>ticipat+ 9 ! program e/abli%$ "u section #h7;a72 & 7#b7 ) consultation ) ! ,adm9i/rator ( ,g5]al ,s]vices1 include on ,,sam4gov ! ability = small bus9ess conc]ns to report ! data describ$ 9 p>agraph 7#a77;,b74 7b7 ,review ( size /&>ds ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all conduct a review ( & submit to ,congress a report on ! size /&>ds applicable to p>ticipants 9 ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a771 & outl9e ways 9 :i* ! ,adm9i/ration c modify size /&>ds to all[ program p>ticipants to gr[ & cont9ue to exi/ aft] exit+ ! program4 7c7 ,ability ,to obta9 set-,aside & sole s\rce contracts ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress a report on-- 7#a7 ! ability ( small bus9ess conc]ns p>ticipat+ 9 ! program e/abli%$ "u #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 t are n own$ by ,alaska ,native ,corporations or ,native ,hawaiian ,organizations to compete = & successfully obta9 set-aside contracts1 includ+ by report+ data comp>+ ! di/ribution ( aw>d$ set-aside contracts among-- 7,a7 small bus9ess conc]ns p>ticipat+ 9 t program t are n own$ by ,alaska ,native ,corporations or ,native ,hawaiian ,organizations2 & 7,b7 small bus9ess conc]ns p>ticipat+ 9 t program t are own$ by ,alaska ,native ,corporations or ,native ,hawaiian ,organizations2 & 7#b7 ! be/ sole s\rce ?re%olds to enable small bus9ess conc]ns p>ticipat+ 9 ! program e/abli%$ "u #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 to secure available sole s\rce contracts4 7d7 ,*anges to #h7;a7 program ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all submit to ,congress a report on a plan to implem5t ! *anges to ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 requir$ "u ?is title & ! am5dm5ts made by ?is title4 #dac4 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,adm9i/ration-- 7#a7 = fiscal ye> #bjbc & e fiscal ye> !reaft]-- 7,a7 #bj1jjj1jjj to increase ! numb] ( procurem5t c5t] repres5tatives "u section #ae7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7l77 & comm]cial m>ket+ repres5tatives1 ( :i* #b1jjj1jjj ( ^? am\nts %all be us$ to provide ^? individuals ) increas$ tra9+ on ! process to be aw>d$ a sole-s\rce contract2 7,b7 #bj1jjj1jjj to increase ! numb] ( di/rict (fice bus9ess speciali/s available "u ! program e/abli%$ "u section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a772 7,c7 #e1jjj1jjj = co/s relat$ to c]tify+ small bus9ess conc]ns z small bus9ess conc]ns own$ & controll$ by wom52 & 7,d7 #djj1jjj = co/s relat$ to process+ applications to p>ticipate 9 ! m5tor-protege program e/abli%$ "u section #de ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fegr72 & 7#b7 = fiscal ye> #bjbc1 to rema9 available until exp5d$1 #b1ejj1jjj to replace ! dynamic small bus9ess se>* database ( ! ,adm9i/ration4 ,v ,community ,advantage ,loan ,program ,p]man5cy ,act ( #bjbb #eja4 ,%ort title ,?is title may be cit$ z ! ,community ,advantage ,loan ,program ,p]man5cy ,act ( #bjbb4 #ejb4 ,f9d+s ,congress f9ds t-- 7#a7 capital access rema9s "o ( ! l>ge/ b>ri]s to ov]come = socially & economically disadvantag$ bus9ess own]s z well z = ! smalle/ small bus9esses2 7#b7 accord+ to ! ,d\ble ,jeop>dy3 ,,covid-#ai's ,conc5trat$ ,heal? & ,weal? ,effects 9 ,black ,communities /udy conduct$ by ! ,f$]al ,res]ve banks1 9 #bjbj-- 7,a7 firms own$ by p ( color are m likely to h weak capitalizations1 limit$ bank relation%ips1 & little 9 ca% res]ves2 & 7,b7 #ea p]c5t ( ,black-own$ bus9esses h less ?an #c mon?s ( ca% res]ves 9 case ( an em]g5cy1 :i* is ne>ly #g p]c5tage po9ts high] ?an _! pe]s2 7#c7 accord+ to ! ,small ,bus9ess ,cr$it ,survey conduct$ by ! ,f$]al ,res]ve banks1 9 #bjba-- 7,a7 #ca p]c5t ( firms t s\ght f9anc+ receiv$ ! full f9anc+ s\ght by ! firm2 7,b7 firms own$ by p ( color 7 lea/ likely to receive ! full am\nt ( f9anc+ s\ght by ! firm1 ) #ae p]c5t ( ,asian-own$ bus9esses1 #af p]c5t ( ,black-own$ bus9esses1 & #ai p]c5t ( ,hispanic-own$ bus9esses receiv+ full f9anc+1 z oppos$ to #ce p]c5t ( non-,hispanic ,:ite-own$ bus9esses receiv+ full f9anc+2 & 7,c7 firms ) few] employees 7 also lea/ likely to receive ! full f9anc+ s\ght by ! firm1 ) #bc p]c5t ( bus9esses ) #a to #d employees & #cg p]c5t ( bus9esses ) #e to #di employees receiv+ full f9anc+1 z oppos$ to #ee p]c5t ( bus9esses ) #ej to #dii employees receiv+ full f9anc+2 7#d7 ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration has help$ increase l5d+ back$ by ! ,adm9i/ration to firms own$ by p ( color1 wom51 & vet]ans & firms classifi$ z />tups2 7#e7 f fiscal ye> #bjah to fiscal ye> #bjbb-- 7,a7 #ac p]c5t ( loans "u ! ,community ,advantage ,pilot ,program w5t to ,black bus9ess own]s1 :ile #d p]c5t ( loans "u ! loan program "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 79 ?is section ref]r$ to z ! #g7;a7 loan program7 w5t to ,black bus9ess own]s2 7,b7 #ae p]c5t ( loans "u ! ,community ,advantage ,pilot ,program w5t to ,hispanic bus9ess own]s1 :ile #h p]c5t ( loans "u ! #g7;a7 loan program w5t to ,hispanic bus9ess own]s2 7,c7 #bj p]c5t ( loans "u ! ,community ,advantage ,pilot ,program w5t to wom5 bus9ess own]s1 :ile #ag p]c5t ( loans "u ! #g7;a7 loan program w5t to wom5 bus9ess own]s2 & 7,d7 #i p]c5t ( loans "u ! ,community ,advantage ,pilot ,program w5t to vet]an bus9ess own]s1 :ile #e p]c5t ( loans "u ! #g7;a7 loan program w5t to vet]an bus9ess own]s2 & 7#f7 f fiscal ye> #bjbj to fiscal ye> #bjba1 #ad p]c5t ( loans "u ! ,community ,advantage ,pilot ,program w5t to />tup bus9ess own]s1 :ile #g p]c5t ( loans "u ! #g7;a7 loan program w5t to />tup bus9ess own]s4 #ejc4 ,community ,advantage ,loan ,program 7a7 ,9 g5]al ,section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 is am5d$ by add+ at ! end ! foll[+3 7#ch7 ,community ,advantage ,loan ,program 7,a7 ,purposes ,! purposes ( ! ,community ,advantage ,loan ,program are-- 7i7 to create a mission-ori5t$ loan gu>antee program t builds on ! demon/rat$ success ( ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration1 z e/abli%$ 9 #bjaa1 to rea* m und]s]v$ small bus9ess conc]ns2 7ii7 to increase l5d+ to small bus9ess conc]ns 9 und]s]v$ & rural m>kets1 includ+ vet]ans & memb]s ( ! milit>y community1 socially & economically disadvantag$ individuals1 z describ$ 9 p>agraphs 7#e7 & 7#f77;,a7 ( section #h7;a71 respectively1 wom51 & new bus9esses2 7iii7 to ensure t ! program "u ?is subsection exp&s inclusion & m broadly meets congressional int5t to rea* borr[]s :o are unable to get cr$it else:]e on reasonable t]ms & conditions2 7iv7 to help und]s]v$ small bus9ess conc]ns become bankable by utiliz+ ! small doll> f9anc+ & bus9ess support exp]i5ce ( mission-ori5t$ l5d]s2 7v7 to all[ c]ta9 mission-ori5t$ l5d]s1 prim>ily f9ancial int]m$i>ies focus$ on economic developm5t 9 und]s]v$ m>kets1 access to gu>antees = loans "u ?is subsection 79 ?is p>agraph ref]r$ to z #g7;a7 loans7 ( n m ?an #cej1jjj & provide managem5t & te*nical assi/ance to small bus9ess conc]ns z ne$$2 7vi7 to provide c]ta9ty = ! l5d+ p>tn]s t make loans "u ?is subsection & to attract new l5d]s2 7vii7 to enc\rage collaboration betwe5 mission-ori5t$ & conv5tional l5d]s "u ?is subsection 9 ord] to support und]s]v$ small bus9ess conc]ns2 & 7viii7 to assi/ cov]$ in/itutions ) provid+ bus9ess support s]vices & te*nical assi/ance to small bus9ess conc]ns1 :5 ne$$4 7,b7 ,def9itions ,9 ?is p>agraph-- 7i7 ! t]m ,community ,advantage ,network ,p>tn]-- 7,i7 means a nonpr(it1 mission-ori5t$ organization t acts z a ,ref]ral ,ag5t to cov]$ in/itutions 9 ord] to exp& ! rea* ( ! program to small bus9esses 9 und]s]v$ m>kets2 & 7,,ii7 does n include a cov]$ in/itution mak+ loans "u ! program2 7ii7 ! t]m cov]$ in/itution means an entity t-- 7,i7 is-- 7aa7 a developm5t company1 z def9$ 9 section #ajc ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #ffb71 p>ticipat+ 9 ! #ejd ,loan ,gu>anty program e/abli%$ "u title ,v ( t ,act 7#ae ,u4,s4,c4 #fie et seq472 7bb7 a nonpr(it int]m$i>y1 z def9$ 9 subsection 7m77#aa71 p>ticipat+ 9 ! microloan program "u subsection 7m72 7cc7 a non-f$]ally regulat$ entity or a l5d+ in/itution c]tifi$ z a community developm5t f9ancial in/itution by ! ,community ,developm5t ,f9ancial ,in/itutions ,fund e/abli%$ "u section #ajd7;a7 ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjc7;a772 or 7dd7 an eligible int]m$i>y1 z def9$ 9 subsection 7l77#a71 p>ticipat+ 9 ! ,int]m$i>y ,l5d+ ,program e/abli%$ "u subsection 7l77#b72 & 7,,ii7 has approv$ & disburs$ #aj simil>ly siz$ loans 9 ! prec$+ #bd-mon? p]iod & is s]vic+ n less ?an #aj simil>ly siz$ loans to small bus9ess conc]ns 9 ! portfolio ( ! entity2 7iii7 ! t]m exi/+ bus9ess means a small bus9ess conc]n t has be5 9 exi/5ce = n less ?an #b ye>s on ! date on :i* a loan is made to ! small bus9ess conc]n "u ! program2 7iv7 ! t]m new bus9ess means a small bus9ess conc]n t has be5 9 exi/5ce = n m ?an #b ye>s on ! date on :i* a loan is made to ! small bus9ess conc]n "u ! program2 7v7 ! t]m program means ! ,community ,advantage ,loan ,program e/abli%$ "u subp>agraph 7,c72 7vi7 ! t]m ,ref]ral ,ag5t has ! mean+ giv5 ! t]m 9 section #ajc4a7;f7 ( title #ac1 ,code ( ,f$]al ,regulations1 or any successor regulation2 7vii7 ! t]m rural area means any c\nty t ! ,bureau ( ! ,c5sus has def9$ z mo/ly rural or completely rural 9 ! mo/ rec5t dec5nial c5sus2 & 7viii7 ! t]m small bus9ess conc]n 9 an und]s]v$ m>ket means a small bus9ess conc]n-- 7,i7 t is locat$ 9-- 7aa7 a l[- to mod]ate-income community2 7bb7 a ,h,u,b,zone1 z t t]m is def9$ 9 section #ca7;b72 7cc7 a rural area2 or 7dd7 any area = :i* a disa/] decl>ation or det]m9ation describ$ 9 subp>agraph 7,a71 7,b71 7,c71 or 7,e7 ( subsection 7b77#b7 has be5 made t has n t]m9at$ m ?an #b ye>s be=e ! date 7or lat]1 z det]m9$ by ! ,adm9i/rator7 on :i* a loan is made to ! small bus9ess conc]n "u ! program1 except t1 9 ! case ( a major disa/] describ$ 9 subsection 7b77#b77;,a71 t p]iod %all be #e ye>s2 7,,ii7 = :i* m ?an #ej p]c5t ( ! employees reside 9 a l[- or mod]ate-income community2 7,,iii7 t is a new bus9ess2 7,,iv7 own$ & controll$ by socially & economically disadvantag$ individuals1 z describ$ 9 p>agraphs 7#e7 & 7#f77;,a7 ( section #h7;a71 respectively1 :i* ! ,adm9i/rator1 9 c>ry+ out ! program1 %all presume includes ,black ,am]icans1 ,hispanic ,am]icans1 ,native ,am]icans1 ,asian ,pacific ,am]icans1 & o!r m9orities2 7,v7 own$ & controll$ by wom52 7,,vi7 own$ & controll$ by vet]ans or sp\ses ( vet]ans2 7,,vii7 own$ & controll$ by a memb] ( an ,indian ,tribe individually id5tifi$ 7includ+ p>5!tically7 9 ! mo/ rec5t li/ publi%$ pursuant to section #ajd ( ! ,f$]ally ,recogniz$ ,indian ,tribe ,li/ ,act ( #aiid 7#be ,u4,s4,c4 #eaca72 7,,viii7 own$ & controll$ by an individual :o has complet$ a t]m ( imprisonm5t 9 a ,f$]al1 ,/ate1 or local jail or prison2 7,,ix7 own$ & controll$ by an individual ) a disability1 z t t]m is def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abajb72 or 7,x7 z o!rwise det]m9$ by ! ,adm9i/rator4 7,c7 ,e/abli%m5t ,!re is e/abli%$ a ,community ,advantage ,loan ,program "u :i* ! ,adm9i/ration may gu>antee loans made by cov]$ in/itutions "u ?is subsection1 ) an emphasis on loans made to small bus9ess conc]ns 9 und]s]v$ m>kets4 7,d7 ,program levels ,9 fiscal ye> #bjbc & ea* fiscal ye> !reaft]1 n m ?an #aj p]c5t ( ! numb] ( loans gu>ante$ "u ?is subsection may be gu>ante$ "u ! program4 7,e7 ,gr&fa!r+ ( exi/+ l5d]s ,any cov]$ in/itution t actively p>ticipat$ 9 ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration & is 9 good /&+1 z det]m9$ by ! ,adm9i/ration1 on ! day be=e ! date ( enactm5t ( ?is p>agraph-- 7i7 %all reta9 designation 9 ! program2 7ii7 %all n be requir$ to submit an application to p>ticipate 9 ! program2 & 7iii7 = ! purpose ( det]m9+ ! loan loss res]ve am\nt ( ! cov]$ in/itution1 %all h p>ticipation 9 ! ,community ,advantage ,pilot ,program includ$ 9 ! calculation "u subp>agraph 7,j74 7,f7 ,requirem5t to make loans to und]s]v$ m>kets ,n less ?an #gj p]c5t ( loans made by a cov]$ in/itution "u ! program %all consi/ ( loans made to small bus9ess conc]ns 9 und]s]v$ m>kets4 7,g7 ,maximum loan am\nt ,! maximum loan am\nt = a loan gu>ante$ "u ! program is #cej1jjj4 7,h7 ,int]e/ rates ,! maximum all[able int]e/ rate prescrib$ by ! ,adm9i/ration on any f9anc+ made on a def]r$ basis pursuant to ! program %all n exce$ ! maximum all[able int]e/ rate "u sections #abj4bac & #abj4bad ( title #ac1 ,code ( ,f$]al ,regulations1 or any successor regulations4 7,i7 ,ref9anc+ ( ,community ,advantage program loans ,a loan gu>ante$ "u ! program or gu>ante$ "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration may be ref9anc$ into ano!r #g7;a7 loan made by l5d] t does n p>ticipate 9 ! program4 7,j7 ,loan loss res]ve requirem5ts 7i7 ,loan loss res]ve acc\nt = cov]$ in/itutions ,a cov]$ in/itution-- 7,i7 ) n m ?an #e ye>s ( p>ticipation 9 ! program %all ma9ta9 a loan loss res]ve acc\nt ) an am\nt equal to #e p]c5t ( ! out/&+ am\nt ( ! ungu>ante$ portion ( ! loan portfolio ( ! cov]$ in/itution "u ! program2 & 7,,ii7 ) m ?an #e ye>s ( p>ticipation 9 ! program %all ma9ta9 a loan loss res]ve acc\nt ) an am\nt equal to ! av]age repur*ase rate ( ! cov]$ in/itution ov] ! prec$+ #cf-mon? p]iod4 7ii7 ,additional loan loss res]ve am\nt = sell+ loans on ! second>y m>ket ,9 addition to ! am\nt requir$ 9 ! loan loss res]ve acc\nt "u clause 7i71 a cov]$ in/itution t sells a program loan on ! second>y m>ket %all be requir$ to ma9ta9 ! foll[+ additional am\nts 9 ! loan loss res]ve acc\nt3 7,i7 ,an am\nt equal to #b p]c5t ( ! gu>ante$ portion ( ea* program loan sold on ! second>y m>ket = l5d]s ) less ?an #e ye>s exp]i5ce sell+ program loans on ! second>y m>ket4 7,,ii7 ,an am\nt equal to ! av]age repur*ase rate = loans sold by ! l5d] on ! second>y m>ket ov] ! prec$+ #cf mon?s = l5d]s ) m ?an #e ye>s exp]i5ce sell+ program loans on ! second>y m>ket4 7iii7 ,recalculation ,! loan loss res]ve requir$ "u clauses 7i7 & 7ii7 %all be recalculat$ on ,octob] #a ( ea* ye>4 7,k7 ,tra9+ ,! ,adm9i/ration-- 7i7 %all provide accessible upfront & ongo+ tra9+ = cov]$ in/itutions mak+ loans "u ! program to support program compliance & improve ! int]face betwe5 ! cov]$ in/itutions & ! ,adm9i/ration1 :i* %all include-- 7,i7 guidance = foll[+ ! regulations ( ! ,adm9i/ration2 & 7,,ii7 guidance specific to mission-ori5t$ l5d+ t is int5d$ to help l5d]s effectively rea* & support und]s]v$ small bus9ess conc]ns1 includ+ managem5t & te*nical assi/ance deliv]y2 7ii7 %all ensure t ! tra9+ describ$ 9 clause 7i7 is provid$ = free or at a l[ co/2 7iii7 may ent] into a contract to provide ! tra9+ describ$ 9 clause 7i7 ) an organization ) exp]tise 9 l5d+ "u ?is subsection & prim>ily specializ+ 9 mission-ori5t$ l5d+1 & l5d+ to und]s]v$ m>kets2 & 7iv7 %all provide tra9+ = ! employees & contractors ( ! ,adm9i/ration t regul>ly engage ) cov]$ in/itutions or borr[]s 9 ! program4 7,l7 ,community advantage outrea* & education ,! ,adm9i/rator-- 7i7 %all develop & implem5t a program to promote to1 conduct outrea* to1 & educate prospective cov]$ in/itutions ab\t ! program1 ) a focus on wom5- & m9ority-own$ cov]$ in/itutions2 & 7ii7 may ent] into a contract ) #a or m nonpr(it organizations exp]i5c$ 9 work+ ) & tra9+ mission-driv5 l5d]s to provide ! outrea* & education describ$ 9 clause 7i74 7,m7 ,community advantage network p>tn] p>ticipation 7i7 ,9 g5]al ,a cov]$ in/itution t uses a ,community ,advantage ,network ,p>tn] %all abide by policies & proc$ures ( ! ,adm9i/ration conc]n+ ! use ( ,ref]ral ,ag5t fees p]mitt$ by ! ,adm9i/ration & disclosure ( ^? fees4 7ii7 ,paym5t ( fees ,not)/&+ any o!r provision ( law1 all fees describ$ 9 clause 7i7 %all be paid by ! cov]$ in/itution to ! ,community ,advantage ,network ,p>tn] ^u disbursem5t ( ! applicable program loan4 7,n7 ,delegat$ au?ority ,a cov]$ in/itution is n eligible to receive delegat$ au?ority f ! ,adm9i/ration "u ! program until ! cov]$ in/itution has approv$ & fully disburs$ n less ?an #aj loans "u ! program & ! ,adm9i/ration _h evaluat$ ! ability ( ! cov]$ in/itution to fulfill program requirem5ts4 7,o7 ,report+ 7i7 ,weekly reports 7,i7 ,9 g5]al ,! ,adm9i/ration %all report on ! website ( ! ,adm9i/ration1 z "p ( ! weekly reports on l5d+ approvals "u ?is subsection-- 7aa7 on & aft] ! date ( enactm5t ( ?is p>agraph1 ! numb] & doll> am\nt ( loans gu>ante$ "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration2 & 7bb7 on & aft] ! date on :i* ! ,adm9i/ration beg9s to approve loans "u ! program1 ! numb] & doll> am\nt ( loans gu>ante$ "u ! program4 7,,ii7 ,sep>ate acc\nt+ ,! numb] & doll> am\nt ( loans report$ 9 a weekly report "u subclause 7,i7 = loans gu>ante$ "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration & "u ! program %all include a breakd[n by ! categories ( race1 e?nicity1 & g5d] ( ! own]s ( ! small bus9ess conc]ns1 by :e!r ! small bus9ess conc]n is a new or exi/+ small bus9ess conc]n1 & by :e!r ! small bus9ess conc]n is locat$ 9 an urban or rural area1 & brok5 d[n by-- 7aa7 loans ( n m ?an #ej1jjj2 7bb7 loans ( m ?an #ej1jjj & n m ?an #aej1jjj2 7cc7 loans ( m ?an #aej1jjj & n m ?an #bej1jjj2 & 7dd7 loans ( m ?an #bej1jjj & n m ?an #cej1jjj4 7ii7 ,annual reports 7,i7 ,9 g5]al ,= ea* fiscal ye> 9 :i* ! program is 9 effect1 ! ,adm9i/ration %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives1 & make publicly available on ! int]net1 in=mation ab\t loans provid$ "u ! program & "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration4 7,,ii7 ,cont5ts ,ea* report submitt$ & made publicly available "u subclause 7,i7 %all include-- 7aa7 ! numb] & doll> am\nts ( loans provid$ to small bus9ess conc]ns "u ! program1 includ+ a breakd[n by-- 7,,aa7 ! g5d] ( ! own]s ( ! small bus9ess conc]n2 7,,bb7 ! race & e?nicity ( ! own]s ( ! small bus9ess conc]n1 disaggregat$ 9 a mann] t captures all ! racial gr\ps specifi$ 9 ! ,am]ican ,community ,survey conduct$ by ! ,bureau ( ! ,c5sus2 7,,cc7 :e!r ! small bus9ess conc]n is locat$ 9 an urban or rural area2 & 7,,dd7 :e!r ! small bus9ess conc]n is an exi/+ bus9ess or a new bus9ess1 z provid$ 9 ! weekly reports on l5d+ approvals "u ?is subsection2 7bb7 ! proportion ( loans describ$ 9 item 7aa7 comp>$ to-- 7,,aa7 o!r #g7;a7 loans ( any am\nt2 7,,bb7 o!r #g7;a7 loans ( simil> am\nts2 7,,cc7 express loans provid$ "u p>agraph 7#ca7 ( simil> am\nts2 & 7,,dd7 o!r #g7;a7 loans ( simil> am\nts provid$ to small bus9ess conc]ns 9 und]s]v$ m>kets2 7cc7 a comp>ison ( ! numb] & doll> am\nts ( loans provid$ to small bus9ess conc]ns "u ! program & "u ea* category ( loans describ$ 9 item 7aa71 brok5 d[n by-- 7,,aa7 loans ( n m ?an #ej1jjj2 7,,bb7 loans ( m ?an #ej1jjj & n m ?an #aej1jjj2 7,,cc7 loans ( m ?an #aej1jjj & n m ?an #bej1jjj2 & 7,,dd7 loans ( m ?an #bej1jjj & n m ?an #cej1jjj2 7dd7 ! numb] & doll> am\nts ( loans provid$ to small bus9ess conc]ns "u ! program by ,/ate1 & ! jobs creat$ or reta9$ )9 ea* ,/ate2 7ee7 a li/ ( cov]$ in/itutions p>ticipat+ 9 ! program & ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration1 includ+-- 7,,aa7 ! "n1 location1 & contact in=mation1 su* z ! website & telephone numb]1 ( ea* cov]$ in/itution2 & 7,,bb7 a breakd[n by ! numb] & doll> am\nt ( ! loans approv$ = small bus9ess conc]ns2 & 7ff7 ! b5*m>ks e/abli%$ by ! ,community ,advantage ,work+ ,gr\p "u subp>agraph 7,o77i74 7,,iii7 ,tim+ ,an annual report requir$ "u ?is clause %all-- 7aa7 be submitt$ & made publicly available n lat] ?an ,decemb] #a ( ea* ye>2 & 7bb7 cov] ! l5d+ activity = ! fiscal ye> t end$ on ,septemb] #cj ( t same ye>4 7,p7 ,,gao report ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is p>agraph1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! ,adm9i/rator1 ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate1 & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report-- 7i7 assess+-- 7,i7 ! ext5t to :i* ! program fulfills ! requirem5ts ( ?is p>agraph2 & 7,,ii7 ! p]=mance ( cov]$ in/itutions p>ticipat+ 9 ! program2 & 7ii7 provid+ recomm5dations on ! adm9i/ration ( ! program & ! f9d+s "u subclauses 7,i7 & 7,,ii7 ( clause 7i74 7,q7 ,community ,advantage ,work+ ,gr\p 7i7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is p>agraph1 ! ,adm9i/rator %all e/abli% a ,community ,advantage ,work+ ,gr\p1 :i* %all-- 7,i7 include-- 7aa7 a geographically div]se repres5tation ( memb]s f among cov]$ in/itutions p>ticipat+ 9 ! program2 & 7bb7 repres5tatives f ! ,(fice ( ,capital ,access ( ! ,adm9i/ration1 includ+ ! ,(fice ( ,cr$it ,risk ,managem5t1 ! ,(fice ( ,f9ancial ,assi/ance1 & ! ,(fice ( ,economic ,opportunity2 7,,ii7 develop recomm5dations on h[ ! ,adm9i/ration c effectively manage1 support1 & promote ! program & ! mission ( ! program2 7,,iii7 e/abli% metrics ( success & b5*m>ks t reflect ! mission & population s]v$ by cov]$ in/itutions "u ! program1 :i* ! ,adm9i/ration %all use to evaluate ! p]=mance ( ^? cov]$ in/itutions2 7,,iv7 e/abli% crit]ia assess+ ! bus9ess support s]vices & te*nical assi/ance ne$s ( borr[]s & me?ods to assess l5d] exp]tise to provide necess>y s]vices & assi/ance2 & 7,v7 in/itute regul> & su/a9able sy/ems ( communication betwe5 ! ,adm9i/ration & cov]$ in/itutions p>ticipat+ 9 ! program4 7ii7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is p>agraph1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report t includes-- 7,i7 ! recomm5dations ( ! ,community ,advantage ,work+ ,gr\p e/abli%$ "u clause 7i72 & 7,,ii7 a recomm5d$ plan & timel9e = implem5tation ( ^? recomm5dations4 7,r7 ,regulations 7i7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is p>agraph1 ! ,adm9i/rator %all promulgate regulations gov]n+ ! program1 includ+ metrics = l5d] p]=mance1 metrics ( success & b5*m>ks ( ! program1 & crit]ia = appropriate managem5t & te*nical assi/ance4 7ii7 ,updates ,! ,adm9i/rator %all consult ! report issu$ "u subp>agraph 7,p7 &1 n lat] ?an #ahj days aft] submission ( ! report1 promulgate any necess>y *anges to exi/+ regulations ( ! ,adm9i/ration bas$ on ! recomm5dations conta9$ 9 ! report4 7,s7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ su* sums z may be necess>y to conduct outrea* & education describ$ 9 subp>agraph 7,l74 4 7b7 ,p>ticipation ,section #g7;a77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77 is am5d$-- 7#a7 9 subp>agraph 7,a71 9 ! matt] prec$+ clause 7i71 by /rik+ & 7,f7 & ins]t+ 7,f71 & 7,g72 & 7#b7 by add+ at ! end ! foll[+3 7,g7 ,p>ticipation 9 ! ,community ,advantage ,loan ,program ,9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u p>agraph 7#ch71 ! p>ticipation by ! ,adm9i/ration %all be-- 7i7 #hj p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( ! disbursem5t ( ! loan1 if t balance is m ?an #aej1jjj & n m ?an #cej1jjj2 or 7ii7 #ij p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( ! disbursem5t ( ! loan1 if t balance is n m ?an #aej1jjj4 4 ,,vi ,,/ep ,improvem5t ,act ( #bjbb #fja4 ,%ort title ,?is title may be cit$ z ! ,,/ep ,improvem5t ,act ( #bjbb4 #fjb4 ,/ate ,trade ,expansion ,program 7a7 ,application requirem5ts ,section #bb7l77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77#c77 is am5d$-- 7#a7 9 subp>agraph 7,d7-- 7,a7 9 clause 7i71 by ins]t+ 1 includ+ a budget plan = use ( funds aw>d$ "u ?is subsection be=e ! p]iod at ! end2 & 7,b7 by add+ at ! end ! foll[+3 7iii7 ,tim+ ,! ,associate ,adm9i/rator %all-- 7,i7 publi% in=mation on h[ to apply = a grant "u ?is subsection1 includ+ specific calculations & o!r det]m9ations us$ to aw>d su* a grant1 n lat] ?an ,m>* #ca ( ea* ye>2 7,,ii7 e/abli% a deadl9e = ! submission ( applications t is n e>li] ?an #fj days aft] ! date on :i* ! in=mation is publi%$ "u subclause 7,i7 & t is n lat] ?an ,may #ca2 & 7,,iii7 ann\nce grant recipi5ts n lat] ?an ,augu/ #ca ( ea* ye>4 2 & 7#b7 by add+ at ! end ! foll[+3 7,e7 ,application in=mation ,! ,associate ,adm9i/rator %all cle>ly communicate to applicants & grant recipi5ts any in=mation ab\t ,/ate ,trade ,expansion ,program1 includ+-- 7i7 = ea* unsuccessful applicant = a grant aw>d$ "u ?is subsection1 recomm5dations to improve a subsequ5t application = su* a grant2 & 7ii7 = ea* successful applicant = su* a grant1 an explanation = ! am\nt aw>d$1 if diff]5t f ! am\nt reque/$ 9 ! application4 7,f7 ,budget plan revisions 7i7 ,9 g5]al ,a ,/ate receiv+ a grant "u ?is subsection may revise ! budget plan ( ! ,/ate submitt$ "u subp>agraph 7,d7 aft] ! disbursal ( grant funds if-- 7,i7 ! revision complies ) all[able uses ( grant funds "u ?is subsection2 & 7,,ii7 su* ,/ate submits notification ( ! revision to ! ,associate ,adm9i/rator4 7ii7 ,exception ,if a revision "u clause 7i7 reallocates #aj p]c5t or m ( ! am\nts describ$ 9 ! budget plan ( ! ,/ate submitt$ "u subp>agraph 7,d71 ! ,/ate may n implem5t ! revis$ budget plan )\t ! approval ( ! ,associate ,adm9i/rator1 unless ! ,associate ,adm9i/rator fails to approve or d5y ! revis$ plan )9 #bj days aft] receipt ( su* revis$ plan4 4 7b7 ,survey ,section #bb7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77 is am5d$-- 7#a7 by r$esignat+ p>agraphs 7#g7 ?r\gh 7#i7 z p>agraphs 7#h7 ?r\gh 7#aj71 respectively2 & 7#b7 by ins]t+ aft] p>agraph 7#f7 ! foll[+3 7#g7 ,survey ,! ,associate ,adm9i/rator %all conduct an annual survey ( ea* ,/ate t receiv$ a grant "u ?is subsection dur+ ! prec$+ ye> to solicit fe$back on ! program & develop be/ practices = grantees4 4 7c7 ,annual report ,p>agraph 7#h77;,b7 ( section #bb7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l771 z r$esignat$ by subsection 7b71 is am5d$-- 7#a7 9 clause 7i7-- 7,a7 9 subclause 7,,iii71 by ins]t+ 1 includ+ ! total numb] ( eligible small bus9ess conc]ns assi/$ by ! program 7disaggregat$ by socially & economically disadvantag$ small bus9ess conc]ns1 small bus9ess conc]ns own$ & controll$ by wom51 & rural small bus9ess conc]ns7 be=e ! semicolon at ! end2 7,b7 9 subclause 7,,iv71 by /rik+ & at ! end2 7,c7 9 subclause 7,v7-- 7i7 by /rik+ description ( be/ practices & ins]t+ detail$ description ( be/ practices2 & 7ii7 by /rik+ ! p]iod at ! end & ins]t+ a semicolon2 & 7,d7 by add+ at ! end ! foll[+3 7,,vi7 an analysis ( ! p]=mance metrics describ$ 9 clause 7iii71 includ+ a det]m9ation ( :e!r or n any goals relat+ to su* p]=mance metrics 7 met1 & an analysis ( ! survey describ$ 9 p>agraph 7#g72 & 7,,vii7 a description ( lessons le>n$ by grant recipi5ts "u ?is subsection t may apply to o!r assi/ance provid$ by ! ,adm9i/ration4 2 & 7#b7 by add+ at ! end ! foll[+3 7iii7 ,p]=mance metrics ,annually1 ! ,associate ,adm9i/rator %all collect data on eligible small bus9ess conc]ns assi/$ by ! program = ! foll[+ p]=mance metrics3 7,i7 ,total numb] ( su* conc]ns1 disaggregat$ by socially & economically disadvantag$ small bus9ess conc]ns1 small bus9ess conc]ns own$ & controll$ by wom51 & rural small bus9ess conc]ns4 7,,ii7 ,total doll> am\nt ( export sales by eligible small bus9ess conc]ns assi/$ by ! program4 7,,iii7 ,numb] ( su* conc]ns t h n previ\sly p>ticipat$ 9 an activity describ$ 9 p>agraph 7#b74 7,,iv7 ,numb] ( su* conc]ns t1 because ( p>ticipation 9 ! program1 h access$ a new m>ket4 7,v7 ,numb] ( su* conc]ns t1 because ( p>ticipation 9 ! program1 h creat$ new jobs4 7,,vi7 ,numb] ( su* conc]ns p>ticipat+ 9 =eign trade missions or trade %[ exhibitions1 disaggregat$ by socially & economically disadvantag$ small bus9ess conc]ns1 small bus9ess conc]ns own$ & controll$ by wom51 & rural small bus9ess conc]ns4 4 7d7 ,expansion ( def9ition ( eligible small bus9ess conc]n ,section #bb7l77#a77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77#a77;,a77 is am5d$-- 7#a7 9 clause 7iii77,,ii71 by add+ & at ! end2 7#b7 by /rik+ clause 7iv72 & 7#c7 by r$esignat+ clause 7v7 z clause 7iv74 7e7 ,au?orization ( appropriations ,p>agraph 7#aj7 ( section #bb7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l771 z r$esignat$ by subsection 7b71 is am5d$ by /rik+ fiscal ye>s #bjaf ?r\gh #bjbj & ins]t+ fiscal ye>s #bjbc ?r\gh #bjbf4 7f7 ,report to ,congress ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,associate ,adm9i/rator = ,int]national ,trade ( ! ,adm9i/ration %all submit to ,congress a report on ! ,/ate ,trade ,expansion ,program e/abli%$ "u section #bb7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77 t includes a description (-- 7#a7 ! process develop$ = review ( revis$ budget plans submitt$ "u subp>agraph 7,f7 ( section #bb7l77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l77#c771 z add$ by ?is title2 7#b7 any *anges made to /reaml9e ! application process to remove duplicative requirem5ts & create a m transp>5t process2 7#c7 ! process develop$ to %>e be/ practices by ,/ates describ$ 9 p>agraph 7#h77;,b77i77,v7 ( section #bb7l7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdi7l771 z r$esignat$ by ?is title1 p>ticul>ly = fir/-"t grant recipi5ts "u ! ,/ate ,trade ,expansion ,program or grant recipi5ts t are fac+ problems us+ grant funds2 & 7#d7 ! process develop$ to communicate1 bo? v]bally & 9 writ+1 relevant in=mation ab\t ! ,/ate ,trade ,expansion ,program to all grant recipi5ts 9 a timely mann]4 ,,vii ,vet]ans ,programs #gja4 ,vet]an ,f$]al procurem5t entrepr5eur%ip tra9+ program 7a7 ,9 g5]al ,section #cb ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;b7 is am5d$ by /rik+ subsection 7f7 & ins]t+ ! foll[+3 7f7 ,vet]an f$]al procurem5t entrepr5eur%ip tra9+ program ,! ,adm9i/rator1 act+ ?r\gh ! ,associate ,adm9i/rator1 %all make grants to1 or ent] into a coop]ative agreem5t )1 n m ?an #a nonpr(it entity to op]ate a ,f$]al procurem5t entrepr5eur%ip tra9+ program to provide assi/ance to small bus9ess conc]ns own$ & controll$ by vet]ans reg>d+ h[ to increase ! likelihood ( be+ aw>d$ contracts ) ! ,f$]al ,gov]nm5t-- 7#a7 :i* %all be made to or ent]$ into ) a nonpr(it entity t has a track record ( successfully provid+ educational & job tra9+ s]vices to t>get$ vet]an populations f div]se locations2 7#b7 "u :i* ! nonpr(it entity may1 at ! discretion ( ! ,adm9i/rator1 be requir$ to mat* any ,f$]al funds receiv$ = ! program ) ,/ate1 local1 or private sector funds2 & 7#c7 "u :i* ! nonpr(it entity %all use a div]se gr\p ( pr(essional s]vice exp]ts1 su* z ,f$]al1 ,/ate1 & local contract+ exp]ts & private sector indu/ry exp]ts ) fir/-h& exp]i5ce 9 ,f$]al ,gov]nm5t contract+1 to provide in/ruction to small bus9ess conc]ns own$ & controll$ by vet]ans4 4 7b7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,adm9i/ration1 #a1jjj1jjj = ea* ( fiscal ye>s #bjbc ?r\gh #bjbg to c>ry out section #cb ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;b71 z am5d$ by subsection 7a74 #gjb4 ,boots to ,bus9ess ,program ,section #cb ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;b7 is am5d$ by add+ at ! end ! foll[+3 7h7 ,boots to ,bus9ess ,program 7#a7 ,cov]$ individual def9$ ,9 ?is subsection1 ! t]m cov]$ individual means-- 7,a7 a memb] ( ! ,arm$ ,=ces1 includ+ ! ,national ,gu>d or ,res]ves2 7,b7 an individual :o is p>ticipat+ 9 ! ,transition ,assi/ance ,program e/abli%$ "u section #aadd ( title #aj1 ,unit$ ,/ates ,code2 7,c7 an individual :o-- 7i7 s]v$ on active duty 9 any bran* ( ! ,arm$ ,=ces1 includ+ ! ,national ,gu>d or ,res]ves2 & 7ii7 0 dis*>g$ or releas$ f su* s]vice "u conditions o!r ?an di%onorable2 & 7,d7 a sp\se or dep5d5t ( an individual describ$ 9 subp>agraph 7,a71 7,b71 or 7,c74 7#b7 ,e/abli%m5t ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is subsection & end+ on ,septemb] #cj1 #bjbg1 ! ,adm9i/rator %all c>ry out a program to be kn[n z ! ,boots to ,bus9ess ,program to provide entrepr5eur%ip tra9+ to cov]$ individuals4 7#c7 ,goals ,! goals ( ! ,boots to ,bus9ess ,program are to-- 7,a7 provide assi/ance & 9-dep? tra9+ to cov]$ individuals int]e/$ 9 bus9ess own]%ip2 & 7,b7 provide cov]$ individuals ) ! tools1 skills1 & k necess>y to id5tify a bus9ess opportunity1 draft a bus9ess plan1 id5tify s\rces ( capital1 connect ) local res\rces = small bus9ess conc]ns1 & />t up a small bus9ess conc]n4 7#d7 ,program compon5ts 7,a7 ,9 g5]al ,! ,boots to ,bus9ess ,program may include-- 7i7 a pres5tation provid+ exposure to ! consid]ations involv$ 9 self-employm5t & own]%ip ( a small bus9ess conc]n2 7ii7 an onl9e1 self-/udy c\rse focus$ on ! basic skills ( entrepr5eur%ip1 ! language ( bus9ess1 & ! consid]ations involv$ 9 self-employm5t & own]%ip ( a small bus9ess conc]n2 7iii7 an 9-p]son classroom in/ruction compon5t provid+ an introduction to ! f\ndations ( self-employm5t & own]%ip ( a small bus9ess conc]n2 & 7iv7 9-dep? tra9+ deliv]$ ?r\gh onl9e in/ruction1 includ+ an onl9e c\rse t leads to ! creation ( a bus9ess plan4 7,b7 ,collaboration ,! ,adm9i/rator may-- 7i7 collaborate ) public & private entities to develop c\rse curricula = ! ,boots to ,bus9ess ,program2 & 7ii7 modify program compon5ts 9 coord9ation ) entities p>ticipat+ 9 a ,w>riors 9 ,transition program1 z def9$ 9 section #gch7;e7 ( ! ,national ,def5se ,au?orization ,act = ,fiscal ,ye> #bjac 7#aj ,u4,s4,c4 #ajga note74 7,c7 ,use ( res\rce p>tn]s & di/rict (fices 7i7 ,9 g5]al ,! ,adm9i/rator %all-- 7,i7 ensure t ,vet]an ,bus9ess ,outrea* ,c5t]s regul>ly p>ticipate1 on a nationwide basis1 9 ! ,boots to ,bus9ess ,program2 & 7,,ii7 to ! maximum ext5t practicable1 use di/rict (fices ( ! ,adm9i/ration & a v>iety ( o!r res\rce p>tn]s & entities 9 adm9i/]+ ! ,boots to ,bus9ess ,program4 7ii7 ,grant au?ority ,9 c>ry+ out clause 7i71 ! ,adm9i/rator may make grants to ,vet]an ,bus9ess ,outrea* ,c5t]s1 o!r res\rce p>tn]s1 or o!r entities to c>ry out compon5ts ( ! ,boots to ,bus9ess ,program4 7,d7 ,availability to ,dep>tm5t ( ,def5se & ! ,dep>tm5t ( ,labor ,! ,adm9i/rator %all make available to ! ,secret>y ( ,def5se & ! ,secret>y ( ,labor in=mation reg>d+ ! ,boots to ,bus9ess ,program1 includ+ all c\rse mat]ials & outrea* mat]ials relat$ to ! ,boots to ,bus9ess ,program1 = inclusion on ! websites ( ! ,dep>tm5t ( ,def5se & ! ,dep>tm5t ( ,labor relat+ to ! ,transition ,assi/ance ,program1 9 ! ,transition ,assi/ance ,program manual1 & 9 o!r relevant mat]ials available = di/ribution f ! ,secret>y ( ,def5se & ! ,secret>y ( ,labor4 7,e7 ,availability to ,dep>tm5t ( ,vet]ans ,affairs ,9 consultation ) ! ,secret>y ( ,vet]ans ,affairs1 ! ,adm9i/rator %all make available = di/ribution & display on ! website ( ! ,dep>tm5t ( ,vet]ans ,affairs & at local facilities ( ! ,dep>tm5t ( ,vet]ans ,affairs outrea* mat]ials reg>d+ ! ,boots to ,bus9ess ,program1 :i* %all1 at a m9imum-- 7i7 describe ! ,boots to ,bus9ess ,program & ! s]vices provid$2 & 7ii7 include eligibility requirem5ts = p>ticipat+ 9 ! ,boots to ,bus9ess ,program4 7,f7 ,availability to o!r p>ticipat+ ag5cies ,! ,adm9i/rator %all ensure in=mation reg>d+ ! ,boots to ,bus9ess program1 includ+ all c\rse mat]ials & outrea* mat]ials relat$ to ! ,boots to ,bus9ess ,program1 is made available to o!r p>ticipat+ ag5cies 9 ! ,transition ,assi/ance ,program & ^u reque/ ( o!r ag5cies4 7#e7 ,competitive bidd+ proc$ures ,! ,adm9i/ration %all use relevant competitive bidd+ proc$ures ) respect to any contract or coop]ative agreem5t execut$ by ! ,adm9i/ration "u ! ,boots to ,bus9ess ,program4 7#f7 ,publication ( notice ( fund+ opportunity ,n lat] ?an #cj days be=e ! deadl9e = submitt+ applications = any fund+ opportunity "u ! ,boots to ,bus9ess ,program1 ! ,adm9i/ration %all publi% a notice ( ! fund+ opportunity4 7#g7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is subsection1 & n less frequ5tly ?an annually !reaft]1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report on ! p]=mance & effectiv5ess ( ! ,boots to ,bus9ess ,program1 :i*-- 7,a7 may be includ$ z "p ( ano!r report submitt$ to su* committees by ! ,adm9i/rator relat$ to ! ,(fice ( ,vet]ans ,bus9ess ,developm5t2 & 7,b7 %all summ>ize available in=mation relat+ to-- 7i7 grants aw>d$ "u p>agraph 7#d77;,c72 7ii7 ! total co/ ( ! ,boots to ,bus9ess ,program2 7iii7 ! numb] ( program p>ticipants us+ ea* compon5t ( ! ,boots to ,bus9ess ,program2 7iv7 ! completion rates = ea* compon5t ( ! ,boots to ,bus9ess ,program2 7v7 to ! ext5t possible-- 7,i7 ! demographics ( program p>ticipants1 to include g5d]1 age1 race1 e?nicity1 & relation%ip to milit>y2 7,,ii7 ! numb] ( program p>ticipants t connect ) a di/rict (fice ( ! ,adm9i/ration1 a ,vet]an ,bus9ess ,outrea* ,c5t]1 or ano!r res\rce p>tn] ( ! ,adm9i/ration2 7,,iii7 ! numb] ( program p>ticipants t />t a small bus9ess conc]n2 7,,iv7 ! results ( ! ,boots to ,bus9ess & ,boots to ,bus9ess ,reboot c\rse quality surveys conduct$ by ! ,(fice ( ,vet]ans ,bus9ess ,developm5t be=e & aft] att5d+ ea* ( ^? c\rses1 includ+ a summ>y ( any comm5ts receiv$ f program p>ticipants2 7,v7 ! results ( ! ,boots to ,bus9ess ,program outcome surveys conduct$ by ! ,(fice ( ,vet]ans ,bus9ess ,developm5t1 includ+ a summ>y ( any comm5ts receiv$ f program p>ticipants2 & 7,,vi7 ! results ( o!r g]mane p>ticipant satisfaction surveys2 7,c7 an evaluation ( ! ov]all effectiv5ess ( ! ,boots to ,bus9ess ,program bas$ on ea* geographic region cov]$ by ! ,adm9i/ration dur+ ! mo/ rec5t fiscal ye>2 7,d7 an assessm5t ( additional p]=mance outcome measures = ! ,boots to ,bus9ess ,program1 z id5tifi$ by ! ,adm9i/rator2 7,e7 any recomm5dations ( ! ,adm9i/rator = improvem5t ( ! ,boots to ,bus9ess ,program1 :i* may include expansion ( ! types ( individuals :o are cov]$ individuals2 7,f7 an explanation ( h[ ! ,boots to ,bus9ess ,program has be5 integrat$ ) o!r transition programs & relat$ res\rces ( ! ,adm9i/ration & o!r ,f$]al ag5cies2 & 7,g7 any additional in=mation ! ,adm9i/rator det]m9es necess>y4 4 ,,viii ,surety ,bond ,program #hja4 ,exp&+ surety bond program ,"p ,b ( title ,,iv ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fid;a et seq47 is am5d$-- 7#a7 9 section #daa7;a7 7#ae ,u4,s4,c4 #fid;b7a77-- 7,a7 9 p>agraph 7#a7-- 7i7 9 subp>agraph 7,a71 by /rik+ #f1ejj1jjj & ins]t+ #aj1jjj1jjj2 & 7ii7 by am5d+ subp>agraph 7,b7 to read z foll[s3 7,b7 ,! ,adm9i/rator may gu>antee a surety "u subp>agraph 7,a7 = a total "w ord] or contract ent]$ into by a ,f$]al ag5cy 9 an am\nt t does n exce$ #bj1jjj1jjj4 2 & 7#b7 9 section #dab 7#ae ,u4,s4,c4 #fid;c7-- 7,a7 9 subsection 7a71 9 ! ?ird s5t5ce1 by /rik+ 1 exclud+ adm9i/rative exp5ses12 7,b7 by r$esignat+ subsection 7b7 z subsection 7c72 & 7,c7 by ins]t+ aft] subsection 7a7 ! foll[+3 7b7 ,n m ?an #e p]c5t ( ! am\nt t is 9 ! fund describ$ 9 subsection 7a7 at ! beg9n+ ( ea* fiscal ye> may be obligat$ dur+ t fiscal ye> to cov] co/s incurr$ by ! ,adm9i/ration 9 connection ) ! managem5t & adm9i/ration ( ?is "p1 includ+ in=mation te*nology & sy/ems1 p]sonnel co/s1 outrea* activities1 & contracts relat$ !reto4 4 ,,ix ,,sbic ,em]g+ ,manag]s ,program #ija4 ,broad5+ inve/m5t by ! ,,sbic program 7a7 ,s5se ( congress ,x is ! s5se ( ,congress t ! ,(fice ( ,innovation & ,inve/m5t %\ld m>ket to1 engage )1 & provide enhanc$ onbo>d+ support to applicants = small bus9ess inve/m5t company lic5ses1 ) a priority to rea* ^? companies t are manag$ by-- 7#a7 wom52 7#b7 socially disadvantag$ individuals1 z describ$ 9 section #h7;a77#e7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#e772 7#c7 economically disadvantag$ individuals1 z describ$ 9 section #h7;a77#f77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#f77;,a772 7#d7 vet]ans1 z def9$ 9 section #aja ( title #ch1 ,unit$ ,/ates ,code2 or 7#e7 individuals 9 rural or l[-income areas1 z det]m9$ by ! ,adm9i/rator us+ ! mo/ rec5tly available data f ! ,bureau ( ! ,c5sus4 7b7 ,am5dm5t ,"p ,a ( title ,,iii ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fha et seq47 is am5d$ by add+ at ! end ! foll[+3 #cba4 ,em]g+ manag]s program 7a7 ,def9itions ,9 ?is section3 7#a7 ,cov]$ inve/m5ts ,! t]m cov]$ inve/m5ts means inve/m5ts 9-- 7,a7 infra/ructure1 includ+-- 7i7 roads1 bridges1 & mass transit2 7ii7 wat] supply & sew]2 7iii7 ! electrical grid2 7iv7 broadb& & telecommunications2 7v7 clean en]gy2 or 7vi7 *ild c>e & eld] c>e2 7,b7 manufactur+2 7,c7 l[-income communities1 z def9$ 9 section #de;,d7e7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 7,d7 ,h,u,b,zones1 z def9$ 9 section #ca7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;a7b772 7,e7 small bus9ess conc]ns own$ & controll$ by a memb] ( an ,indian ,tribe individually id5tifi$ 7includ+ p>5!tically7 9 ! mo/ rec5t li/ publi%$ pursuant to section #ajd ( ! ,f$]ally ,recogniz$ ,indian ,tribe ,li/ ,act ( #aiid 7#be ,u4,s4,c4 #eaca72 7,f7 small bus9ess conc]ns own$ & controll$ by an individual ) a disability1 z def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abajb72 7,g7 small bus9ess conc]ns own$ & controll$ by a vet]an1 z def9$ 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb72 or 7,h7 indu/ries id5tifi$ by ! ,adm9i/rator4 7#b7 ,em]g+ manag] company ,! t]m em]g+ manag] company means an inve/m5t managem5t firm t is focus$ on inve/+ private equity & t meets n less ?an #b ( ! foll[+ crit]ia3 7,a7 ,! p>tn]s ( ! firm h-- 7i7 an inve/m5t track record ( less ?an #aj ye>s ( comb9$ inve/m5t exp]i5ce2 or 7ii7 a docum5t$ record ( successful bus9ess exp]i5ce4 7,b7 ,! firm has a focus on und]s]v$ m>kets4 7,c7 ,! firm is n less ?an #ej p]c5t own$1 manag$1 or controll$ by-- 7i7 wom52 7ii7 socially disadvantag$ individuals1 z describ$ 9 section #h7;a77#e7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#e772 7iii7 economically disadvantag$ individuals1 z describ$ 9 section #h7;a77#f77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77#f77;,a772 7iv7 vet]ans1 z def9$ 9 section #aja ( title #ch1 ,unit$ ,/ates ,code2 7v7 individuals 9 rural or l[-income areas1 z det]m9$ by ! ,adm9i/rator us+ ! mo/ rec5tly available data f ! ,bureau ( ! ,c5sus2 or 7vi7 individuals ) disabilities1 z def9$ 9 section #di ( ! ,small ,bus9ess ,act4 7b7 ,e/abli%m5t ,! ,adm9i/rator %all e/abli% an em]g+ manag]s program pursuant to :i* manag]s ) sub/antial exp]i5ce 9 op]at+ small bus9ess inve/m5t companies-- 7#a7 may ent] into a writt5 agreem5t approv$ by ! ,adm9i/rator to provide guidance & assi/ance to an applicant = a lic5se = a small bus9ess inve/m5t company lic5se t is to be manag$ by an em]g+ manag] company2 & 7#b7 may hold a m9ority f9ancial int]e/ 9 ! small bus9ess inve/m5t company describ$ 9 p>agraph 7#a74 7c7 ,lic5s+ ,an applicant describ$ 9 subsection 7b7 %all apply = a lic5se "u section #cja7;c7 & %all-- 7#a7 h private capital n to exce$ #ajj1jjj1jjj2 7#b7 be manag$ by n less ?an two individuals2 7#c7 be a second g5]ation fund or e>li]2 & 7#d7 focus its inve/m5t /rategy on cov]$ inve/m5ts4 7d7 ,waiv] ( maximum lev]age ,! approval ( a writt5 agreem5t "u subsection 7b7 by ! ,adm9i/rator %all op]ate z a waiv] ( ! requirem5ts ( section #cjc7;b77#b77;,b7 to ! ext5t t su* section w\ld o!rwise apply4 7e7 ,increas$ lev]age maximum ,an exi/+ small bus9ess inve/m5t company t ent]s into a writt5 agreem5t "u subsection 7b7 may receive an increase 9 ! maximum lev]age cap ( ! company "u section #cjc7;b77#b7-- 7#a7 "u subp>agraph 7,a7 ( su* section1 ) respect to a s+le lic5se1 by n m ?an #ag1ejj1jjj2 & 7#b7 "u subp>agraph 7,b7 ( su* section1 ) respect to multiple lic5ses "u common control1 by n m ?an #ce1jjj1jjj4 4 ,x ,new ,/>t ,act ( #bjbb #ajja4 ,%ort title ,?is title may be cit$ z ! ,necess>y ,entrepr5eur%ip ,work%ops via ! ,,sba to ,trans=m & ,assi/ ,re-entry ,tra9+ ,act ( #bjbb or ! ,,new ,,/>t ,act ( #bjbb4 #ajjb4 ,f9d+s ,congress f9ds t-- 7#a7 accord+ to ! ,dep>tm5t ( ,ju/ice1 e ye>1 ov] #fjj1jjj individuals are releas$ f prison & return home to _! communities1 & almo/ #gg p]c5t ( ^? individuals w re(f5d )9 #e ye>s2 7#b7 accord+ to ! ,brook+s ,in/itute1 an e/imat$ #dh4e p]c5t ( =m]ly inc>c]at$ individuals w rema9 unemploy$ or e>n a negligible income = a p]iod ( #a ye> po/-inc>c]ation1 increas+ ! risk = recidivism2 7#c7 accord+ to ! ,florida ,/ate ,univ]sity ,in/itute = ,ju/ice ,rese>* & ,developm5t1 =m]ly inc>c]at$ individuals see a r$uction 9 e>n+s ( #be p]c5t s9ce crim9al records make x difficult to f9d /able employm5t2 7#d7 self-employm5t c provide economic /ability = ^? :o are o!rwise lock$ out ( ! labor m>ket2 & 7#e7 accord+ to a pap] entitl$ ,entrepr5eur%ip z a ,response to ,labor ,m>ket ,discrim9ation = ,=m]ly ,inc>c]at$ ,p-- 7,a7 ! av]age individual )\t a crim9al record has a #g4ji p]c5t likelihood ( becom+ an entrepr5eur1 b ju/ice-impact$ individuals 7 f\nd to be m ?an #ej p]c5t likely to *oose entrepr5eur%ip ) a #ab4fi p]c5t likelihood ( becom+ an entrepr5eur2 7,b7 entrepr5eur%ip r$uces ! likelihood ( recidivism by #e4c p]c5t1 :i* 0 a #cb4e p]c5t decrease f av]age recidivism rates = regul> employees :o h be5 previ\sly inc>c]at$2 & 7,c7 =m]ly inc>c]at$ individuals :o *oose entrepr5eur%ip make #b1gjj m annually ?an =m]ly inc>c]at$ employees & t ! income gap betwe5 =m]ly inc>c]at$ entrepr5eurs & entrepr5eurs ) no crim9al record 0 #ch p]c5t l[] ?an ! income gap betwe5 =m]ly inc>c]at$ employees & employees ) no crim9al record4 #ajjc4 ,pilot program 7a7 ,def9itions ,9 ?is title3 7#a7 ,cov]$ individual ,! t]m cov]$ individual means an individual :o-- 7,a7 complet$ a t]m ( imprisonm5t 9 ,f$]al1 ,/ate1 or local jail or prison2 & 7,b7 meets ! (f5se eligibility requirem5ts set =? 9 any applicable policy notice or o!r guidance issu$ by ! ,adm9i/ration = ! program e/abli%$ "u section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m774 7#b7 ,int]m$i>y2 microloan ,! t]ms int]m$i>y & microloan h ! mean+s giv5 ^? t]ms 9 section #g7m77#aa7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m77#aa774 7#c7 ,microloan int]m$i>y ,! t]m microloan int]m$i>y means an int]m$i>y t is eligible to p>ticipate 9 ! program e/abli%$ "u section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m774 7#d7 ,pilot program ,! t]m pilot program means ! pilot program e/abli%$ "u subsection 7b74 7b7 ,e/abli%m5t ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all e/abli% a pilot program to aw>d grants to organizations ov] a #e-ye> p]iod to create or support exi/+ entrepr5eur%ip developm5t programs to provide assi/ance to cov]$ individuals4 7c7 ,grant requirem5ts ,! ,adm9i/rator %all-- 7#a7 aw>d grants "u ! pilot program to organizations1 or p>tn]%ips ( organizations1 :i* %all ea* receive a grant 9 an am\nt great] ?an #ajj1jjj & less ?an #ejj1jjj annually ov] ! #e-ye> p]iod 9 :i* ! pilot program is 9 exi/5ce2 & 7#b7 allocate grants "u ! pilot program to ensure t ! recipi5ts are geographically v>i$ ?r\gh\t ! ,unit$ ,/ates4 7d7 ,p>tn]%ips ,an applicant = a grant "u ! pilot program may =m p>tn]%ips ) o!r organizations = ! purposes ( ! application submitt$ "u subsection 7e7 & = conduct+ entrepr5eurial developm5t programm+4 7e7 ,application 7#a7 ,9 g5]al ,an organization or p>tn]%ip ( organizations desir+ a grant "u ! pilot program %all submit an application to ! ,adm9i/rator 9 su* =m1 9 su* mann]1 & conta9+ su* in=mation z ! ,adm9i/rator may reasonably require4 7#b7 ,cont5ts ,an application submitt$ "u p>agraph 7#a7 %all-- 7,a7 demon/rate t ! applicant is a microloan intem$i>y or an organization t adm9i/]s ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration1 or has a p>tn]%ip ) su* an int]m$i>y or organization1 t may provide microloans to qualifi$ cov]$ individuals1 or1 to ! ext5t t ! applicant is a national organization 9 multiple diff]5t m>kets1 t a sep>ate microloan int]m$i>y may be us$ 9 ea* su* m>ket2 7,b7 demon/rate /rong community ties1 includ+ ^? ) ! cov]$ individual community1 local bus9esses1 & political lead]s2 7,c7 demon/rate an ability to provide a full range ( entrepr5eurial developm5t programm+ on an ongo+ basis2 7,d7 include a plan = rea*+ cov]$ individuals1 includ+ by id5tify+ p>ticul> t>get populations )9 ! community2 7,e7 cle>ly def9e entrepr5eurial developm5t capabilities1 includ+ coord9ation ) exi/+ local res\rce p>tn]s ( ! ,adm9i/ration = additional tra9+ z necess>y2 7,f7 pres5t an entrepr5eur%ip developm5t curriculum1 :i* may be a nationally recogniz$ model or bas$ ^u su* a model2 7,g7 include a li/ ( ea* p>tn] organization2 & 7,h7 include a compreh5sive plan = ! use ( grant funds1 includ+ e/imates = adm9i/rative & outrea* co/s ( runn+ & evaluat+ ! entrepr5eur%ip developm5t program4 7f7 ,priority ,9 det]m9+ :e!r to aw>d a grant "u ! pilot program1 ! ,adm9i/rator may give priority to applicants bas$ on-- 7#a7 :e!r ! application includes a commitm5t f an exi/+ or new non-,f$]al fund+ s\rce to meet ! mat*+ requirem5t "u subsection 7g72 7#b7 :e!r ! application takes into acc\nt local economies & m>kets z a "p ( ! educational compon5t ( ! entrepr5eur%ip developm5t program2 7#c7 ! ability or plan ( ! applicant to provide entrepr5eurial developm5t s]vices concurr5t ) employm5t or job tra9+ s]vices2 & 7#d7 :e!r ! applicant has a hi/ory ( effectively provid+ entrepr5eurial tra9+ or access to capital to cov]$ individuals4 7g7 ,mat*+ requirem5t 7#a7 ,9 g5]al ,z a condition ( a grant provid$ "u ! pilot program1 ! ,adm9i/rator %all require ! recipi5t ( ! grant to contribute an am\nt equal to #be p]c5t ( ! am\nt ( ! grant1 obta9$ solely f exi/+ or new non-,f$]al s\rces4 7#b7 ,=m ,9 addition to ca% or o!r direct fund+1 ! contribution requir$ "u p>agraph 7#a7 may include indirect co/s or 9-k9d contributions paid = "u non-,f$]al programs4 7h7 ,responsibilities ,a recipi5t ( a grant "u ! pilot program %all1 to ! maximum ext5t possible1 connect cov]$ individuals to a range ( ,f$]al res\rces1 includ+-- 7#a7 ! program e/abli%$ "u section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m772 7#b7 ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration2 7#c7 small bus9ess developm5t c5t]s1 z def9$ 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb72 7#d7 wom5's bus9ess c5t]s describ$ 9 section #bi ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fef72 7#e7 *apt]s ( ! ,s]vice ,corps ( ,retir$ ,executives e/abli%$ "u section #h7;b77#a77;,b7 ( ! ,small ,bus9ess ,act 77#ae ,u4,s4,c4 #fcg7;b77#a77;,b772 7#f7 ,vet]an ,bus9ess ,outrea* ,c5t]s describ$ 9 section #cb ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;b72 & 7#g7 bus9ess c5t]s e/abli%$ by ! ,m9ority ,bus9ess ,developm5t ,ag5cy4 7i7 ,reports 7#a7 ,9 g5]al ,n lat] ?an #a ye> aft] ! date on :i* ! ,adm9i/rator e/abli%es ! pilot program1 & e ye> !reaft] until ! pilot program t]m9ates1 ! ,adm9i/rator %all submit to ,congress a report on ! activities ( ! pilot program1 includ+-- 7,a7 a li/ ( ea* grantee organization & ea* p>tn] organization2 7,b7 ! *>act]i/ics ( cov]$ individuals assi/$ "u ! entrepr5eur%ip developm5t programs1 includ+ race & e?nicity1 g5d]1 age1 m>ital /atus1 p>5tal /atus1 employm5t /atus1 income1 bank+ & cr$it hi/ory1 & prior bus9ess exp]i5ce2 7,c7 ! p>ticipation & att5dance rates = all compon5ts ( ! entrepr5eur%ip developm5t programs2 7,d7 ! program ret5tion rate2 7,e7 to ! greate/ ext5t practicable1 ! mo/ common reasons :y p>ticipants d n complete ! program2 7,f7 ! p]c5tage ( p>ticipants :o rema9 non-ju/ice involv$ dur+ ! cal5d> ye> ( ! program2 7,g7 ! level ( ! cov]$ individuals' und]/&+ ( bus9ess concepts & pr9ciples2 7,h7 ! level ( ! cov]$ individuals' great] confid5ce 9 lead]%ip /r5g?s1 includ+ ! results ( an indu/ry-recogniz$ behavioral assessm5t2 7,i7 ! cov]$ individuals' progress made t[>d e/abli%+ a bus9ess2 7,j7 ! exp]i5ces & p]ceptions ( ! cov]$ individuals2 7,k7 ! numb] & doll> am\nt ( loans made to cov]$ individuals2 7,l7 ! numb] & doll> am\nt ( loans made or gu>ante$ by ! ,adm9i/ration to cov]$ individuals2 & 7,m7 su* additional in=mation z ! ,adm9i/rator may require4 7#b7 ,,gao report ,n lat] ?an #a ye> aft] ! date on :i* ! pilot program t]m9ates1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! appropriate committees ( ,congress a report t evaluates-- 7,a7 ! s]vices t grant recipi5ts provid$ to cov]$ individuals assi/$ "u entrepr5eur%ip developm5t programs2 7,b7 ov]sight ( ! pilot program by ! ,adm9i/rator1 includ+ policies & proc$ures = monitor+ ! compliance by grant recipi5ts ) pilot program requirem5ts & an assessm5t ( ! effectiv5ess ( ! pilot program2 & 7,c7 ! ov]all p]=mance ( ! pilot program & ! impacts ( ! pilot program on grant recipi5ts4 7j7 ,rule ( con/ruction ,no?+ 9 ?is title may be con/ru$ to affect ! program e/abli%$ "u section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m771 includ+-- 7#a7 ! requirem5ts ( t program2 7#b7 ! mann] 9 :i* t program is c>ri$ out2 or 7#c7 ! use or availability ( any am\nts t h be5 made available to c>ry out t program4 7k7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,adm9i/rator su* sums z are necess>y to c>ry out ! pilot program4 7l7 ,t]m9ation ,! pilot program %all t]m9ate on ! date t is #e ye>s aft] ! date on :i* ! ,adm9i/rator e/abli%es ! pilot program4 ,,xi ,,uplift ,act ( #bjbb #aaja4 ,%ort title ,?is title may be cit$ z ! ,u%]+ ,progress by ,lev]ag+ ,innovation & ,future ,te*nology ,act ( #bjbb or ! ,,uplift ,act ( #bjbb4 #aajb4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,/udies h f\nd t incubators1 accel]ators1 & o!r simil> models are effective at increas+ rev5ues1 ! numb] ( employees1 & ! likelihood t ! bus9ess v5ture w be successful = p>ticipants4 7#b7 ,accord+ to ! ,kauffman ,f\ndation-- 7,a7 m9ority-own$ & wom5-own$ bus9esses are #a_/b z likely to employ p ?an nonm9ority-own$ & m5-own$ bus9esses2 & 7,b7 if m9orities />t$ bus9esses at ! same rate z nonm9orities1 approximately #i1ejj1jjj jobs w\ld be add$ to ! economy ( ! ,unit$ ,/ates4 7#c7 ,! ,kauffman ,f\ndation also f\nd t ! p]c5tage ( />tups 9 rural communities has dropp$ f #bj p]c5t 9 ! #aihjs to #ab4b p]c5t4 7#d7 ,accord+ to ! ,m>t9 ,prosp]ity ,in/itute1 less ?an #a p]c5t ( all v5ture capital fund+ goes to bus9esses locat$ 9 rural areas4 7#e7 ,accord+ to ,pitch,book1 ar\nd #b p]c5t ( all v5ture capital fund+ goes to bus9esses ) wom5 f\nd]s4 7#f7 ,accord+ to ,crun*base1 less ?an #c p]c5t ( all v5ture capital fund+ goes to bus9esses ) ,black & ,hispanic f\nd]s4 7#g7 ,hi/orically ,black colleges & univ]sities1 m9ority-s]v+ in/itutions1 & community colleges are an*or in/itutions t s]ve populations t t5d to be und]repres5t$ 9 entrepr5eur%ip1 p>ticul>ly 9 high-gr[? sectors4 #aajc4 ,purposes ,! purposes ( ! ,innovation ,c5t]s ,program e/abli%$ "u section #di ( ! ,small ,bus9ess ,act1 z add$ by ?is title1 are to-- 7#a7 spur economic gr[? 9 und]s]v$ communities by creat+ good pay+ jobs & pa?ways to prosp]ity2 7#b7 increase prospects = success = small bus9ess conc]ns 9 und]s]v$ communities1 :i* (t5 suff] f high] bus9ess failure rates ?an ! national av]age2 7#c7 help create a pipel9e = small bus9ess conc]ns 9 und]s]v$ & rural m>kets into high-gr[? sectors1 :]e !y are g5]ally und]repres5t$2 7#d7 help address ! multi-decade decl9e 9 ! rate ( new bus9ess creation2 7#e7 close ! gaps t und]s]v$ small bus9ess conc]ns (t5 h 9 t]ms ( rev5ue & numb] ( employees1 :i* repres5t lo/ opportunity = ! economy ( ! ,unit$ ,/ates2 & 7#f7 enc\rage collaboration betwe5 ! ,adm9i/ration & in/itutions ( high] le>n+ t s]ve l[-income & m9ority communities4 #aajd4 ,innovation ,c5t]s ,program 7a7 ,9 g5]al ,! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca et seq47 is am5d$-- 7#a7 by r$esignat+ section #di 7#ae ,u4,s4,c4 #fca note7 z section #ej2 & 7#b7 by ins]t+ aft] section #dh 7#ae ,u4,s4,c4 #fegu7 ! foll[+3 #di4 ,innovation ,c5t]s ,program 7a7 ,def9itions ,9 ?is section3 7#a7 ,accel]ator ,! t]m accel]ator means an organization-- 7,a7 t-- 7i7 works ) a />tup or gr[+ small bus9ess conc]n = a pr$et]m9$ p]iod2 & 7ii7 provides m5tor%ip & in/ruction to scale bus9esses2 & 7,b7 t may-- 7i7 provide1 b is n exclusively design$ to provide1 se$ inve/m5t 9 ex*ange = a small am\nt ( equity2 & 7ii7 (f] />tup capital or ! opportunity to raise capital f outside inve/ors4 7#b7 ,f$]ally recogniz$ area ( economic di/ress ,! t]m f$]ally recogniz$ area ( economic di/ress means-- 7,a7 a ,h,u,b,zone1 z t t]m is def9$ 9 section #ca7;b72 or 7,b7 an area t has be5 designat$ z-- 7i7 an emp[]m5t zone "u section #acia ( ! ,int]nal ,rev5ue ,code ( #aihf2 7ii7 a ,promise ,zone by ! ,secret>y ( ,h\s+ & ,urban ,developm5t2 or 7iii7 a l[-income neighborhood or mod]ate-income neighborhood = purposes ( ! ,community ,re9ve/m5t ,act ( #aigg 7#ab ,u4,s4,c4 #bija et seq474 7#c7 ,gr[+2 newly e/abli%$2 />tup ,! t]ms gr[+1 newly e/abli%$1 & />tup1 ) respect to a small bus9ess conc]n1 mean gr[+1 newly e/abli%$1 & />tup1 respectively1 )9 ! mean+ giv5 ^? t]ms "u section #g7m74 7#d7 ,incubator ,! t]m incubator means an organization-- 7,a7 t-- 7i7 t5ds to "w ) />tup & newly e/abli%$ small bus9ess conc]ns2 & 7ii7 provides m5tor%ip to />tup & newly e/abli%$ small bus9ess conc]ns2 & 7,b7 t may-- 7i7 provide a co-work+ environm5t or a mon?-to-mon? lease program2 & 7ii7 "w ) a />tup or newly e/abli%$ small bus9ess conc]n = a pr$et]m9$ p]iod or an op5-end$ p]iod4 7#e7 ,individuals ) disabilities ,! t]m individuals ) a disability means m ?an #a individual ) a disability1 z def9$ 9 section #c ( ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abajb74 7#f7 ,eligible entity ,! t]m eligible entity means-- 7,a7 an in/itution describ$ 9 any ( p>agraphs 7#a7 ?r\gh 7#g7 ( section #cga7;a7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajfgq7a772 or 7,b7 a junior or community college1 z def9$ 9 section #cab7;f7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajeh7;f774 7#g7 ,rural area ,! t]m rural area has ! mean+ giv5 ! t]m 9 section #g7m77#aa74 7#h7 ,socially & economically disadvantag$ individuals ,! t]m socially & economically disadvantag$ individual means a socially & economically disadvantag$ individual )9 ! mean+ giv5 t t]m 9 section #h7;d77#c77;,c74 7b7 ,e/abli%m5t ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ! ,,uplift ,act ( #bjbb1 ! ,adm9i/rator %all develop & beg9 implem5t+ a program 7to be kn[n z ! ,innovation ,c5t]s ,program7 to ent] into coop]ative agreem5ts ) eligible entities "u ?is section4 7c7 ,au?ority 7#a7 ,9 g5]al ,! ,adm9i/rator may-- 7,a7 ent] into coop]ative agreem5ts to provide f9ancial assi/ance to eligible entities to conduct #e-ye> projects = ! b5efit ( />tup1 newly e/abli%$1 or gr[+ small bus9ess conc]ns2 & 7,b7 r5ew a coop]ative agreem5t ent]$ into "u ?is section = additional #c-ye> p]iods1 9 accordance ) p>agraph 7#c74 7#b7 ,project requirem5ts ,a project conduct$ "u a coop]ative agreem5t "u ?is section %all-- 7,a7 include op]at+ z an accel]ator1 an incubator1 or any o!r small bus9ess innovation-focus$ project z ! ,adm9i/rator approves2 7,b7 be c>ri$ out 9 su* locations z to provide maximum accessibility & b5efits to ! small bus9ess conc]ns t ! project is int5d$ to s]ve2 7,c7 h a full-"t /aff1 includ+ a full-"t director :o %all-- 7i7 h ! au?ority to make exp5ditures "u ! budget ( ! project2 & 7ii7 manage ! activities c>ri$ out "u ! project2 7,d7 include ! jo9t provision ( programs & s]vices by ! eligible entity & ! ,adm9i/ration1 :i*-- 7i7 %all be jo9tly develop$1 negotiat$1 & agre$ ^u1 ) full p>ticipation ( bo? p>ties1 pursuant to an execut$ coop]ative agreem5t betwe5 ! eligible entity & ! ,adm9i/ration2 & 7ii7 %all include-- 7,i7 "o-to-"o individual c\nsel+1 z describ$ 9 section #ba7;c77#c77;,a72 & 7,,ii7 a =mal1 /ructur$ m5tor%ip program2 7,e7 incorporate cont9u\s upgrades & modifications to ! s]vices & programs (f]$ "u ! project1 z ne$$ to meet ! *ang+ & evolv+ ne$s ( ! bus9ess community2 7,f7 involve work+ ) und]s]v$ gr\ps1 :i* include-- 7i7 wom52 7ii7 socially & economically disadvantag$ individuals2 7iii7 vet]ans2 7iv7 individuals ) disabilities2 or 7v7 />tup1 newly e/abli%$1 or gr[+ small bus9ess conc]ns locat$ 9 rural areas2 7,g7 n impose or o!rwise collect a fee or o!r comp5sation 9 connection ) p>ticipation 9 ! programs & s]vices describ$ 9 subp>agraph 7,d77ii72 & 7,h7 ensure t small bus9ess conc]ns p>ticipat+ 9 ! project h access1 includ+ ?r\gh res\rce p>tn]s1 to in=mation conc]n+ ,f$]al1 ,/ate1 & local regulations t affect small bus9ess conc]ns4 7#c7 ,cont9u$ fund+ 7,a7 ,9 g5]al ,an eligible entity t ent]s into an initial coop]ative agreem5t or a r5ewal ( a coop]ative "u p>agraph 7#a7 may submit an application = a #c-ye> r5ewal ( ! coop]ative agreem5t at su* "t1 9 su* mann]1 & accompani$ by su* in=mation z ! ,adm9i/rator may e/abli%4 7,b7 ,application & approval crit]ia 7i7 ,crit]ia ,! ,adm9i/rator %all develop & publi% crit]ia = ! consid]ation & approval ( applications = r5ewals by eligible entities "u ?is p>agraph1 :i* %all take into acc\nt ! /ructure & ! /at$ goals ( ! project4 7ii7 ,notification ,n lat] ?an #fj days aft] ! date ( ! deadl9e to submit applications = ea* fiscal ye>1 ! ,adm9i/rator %all approve or d5y any application "u ?is p>agraph & notify ! applicant = ea* su* application4 7,c7 ,priority ,9 allocat+ funds made available = coop]ative agreem5ts "u ?is section1 ! ,adm9i/rator %all give applications "u ?is p>agraph priority ov] fir/-"t applications = coop]ative agreem5ts "u p>agraph 7#a77;,a74 7#d7 ,limit on use ( funds ,am\nts receiv$ by an eligible entity "u a coop]ative agreem5t "u ?is section may n be us$ to provide capital to a p>ticipant 9 ! project c>ri$ out "u ! coop]ative agreem5t4 7#e7 ,scope ( au?ority 7,a7 ,subject to appropriations ,! au?ority ( ! ,adm9i/rator to ent] into coop]ative agreem5ts "u ?is section %all be 9 effect = ea* fiscal ye> only to ! ext5t & 9 ! am\nts z are provid$ 9 advance 9 appropriations ,acts4 7,b7 ,susp5sion1 t]m9ation1 & failure to r5ew or ext5d ,aft] ! ,adm9i/rator has ent]$ into a coop]ative agreem5t ) an eligible entity "u ?is section1 ! ,adm9i/rator may n susp5d1 t]m9ate1 or fail to r5ew or ext5d ! coop]ative agreem5t unless ! ,adm9i/rator provides ! eligible entity ) writt5 notification sett+ =? ! reasons = t action & af=ds ! eligible entity an opportunity = a he>+1 appeal1 or o!r adm9i/rative proce$+ "u *apt] #e ( title #e1 ,unit$ ,/ates ,code4 7d7 ,crit]ia 7#a7 ,9 g5]al ,! ,adm9i/rator %all-- 7,a7 e/abli% & rank 9 t]ms ( relative importance ! crit]ia ! ,adm9i/rator %all use 9 aw>d+ coop]ative agreem5ts "u ?is section1 :i* %all include-- 7i7 :e!r ! propos$ project w be locat$ 9-- 7,i7 a f$]ally recogniz$ area ( economic di/ress2 7,,ii7 a rural area2 or 7,,iii7 an area lack+ suffici5t entrepr5eurial developm5t res\rces1 z det]m9$ by ! ,adm9i/rator2 & 7ii7 :e!r ! propos$ project demon/rates a commitm5t to p>tn] ) core /akehold]s work+ ) small bus9ess conc]ns 9 ! relevant area1 includ+-- 7,i7 inve/m5t & l5d+ organizations2 7,,ii7 nongov]nm5tal organizations2 7,,iii7 programs ( ,/ate & local gov]nm5ts t are conc]n$ ) aid+ small bus9ess conc]ns2 7,,iv7 ,f$]al ag5cies2 & 7,v7 =-pr(it organizations ) an exp]tise 9 small bus9ess innovation2 7,b7 make publicly available1 includ+ on ! website ( ! ,adm9i/ration1 & /ate 9 ea* solicitation = applications = coop]ative agreem5ts "u ?is section1 ! selection crit]ia & rank+ e/abli%$ "u subp>agraph 7,a72 & 7,c7 evaluate & rank applicants = coop]ative agreem5ts "u ?is section 9 accordance ) ! selection crit]ia & rank+ e/abli%$ "u subp>agraph 7,a74 7#b7 ,cont5ts ,! crit]ia e/abli%$ "u p>agraph 7#a77;,a7-- 7,a7 = eligible entities t h 9 op]ation an accel]ator1 incubator1 or o!r small bus9ess innovation-focus$ project1 %all include ! record ( ! eligible entity 9 assi/+ gr[+1 newly e/abli%$1 & />tup small bus9ess conc]ns1 includ+1 = ea* ( ! #c full ye>s be=e ! date on :i* ! eligible entity applies = a coop]ative agreem5t "u ?is section1 or if ! accel]ator1 incubator1 or o!r small bus9ess innovation-focus$ project has be5 9 op]ation = less ?an #c ye>s1 = ! mo/ rec5t full ye> ! accel]ator1 incubator1 or o!r small bus9ess innovation-focus$ project 0 9 op]ation-- 7i7 ! numb] & ret5tion rate ( gr[+1 newly e/abli%$1 & />tup bus9ess conc]ns 9 ! program ( ! eligible entity2 7ii7 ! av]age p]iod ( p>ticipation by gr[+1 newly e/abli%$1 & />tup small bus9ess conc]ns 9 ! program ( ! eligible entity2 7iii7 ! total & m$ian capital rais$ by gr[+1 newly e/abli%$1 & />tup small bus9ess conc]ns p>ticipat+ 9 ! program ( ! eligible entity2 7iv7 ! numb] ( inve/m5ts or loans receiv$ by gr[+1 newly e/abli%$1 & />tup small bus9ess conc]ns p>ticipat+ 9 ! program ( ! eligible entity2 & 7v7 ! total & m$ian numb] ( employees ( gr[+1 newly e/abli%$1 & />tup small bus9ess conc]ns p>ticipat+ 9 ! program ( ! eligible entity2 & 7,b7 = all eligible entities-- 7i7 %all include :e!r ! eligible entity-- 7,i7 indicates ! /ructure & goals ( ! project2 7,,ii7 demon/rates ties to ! bus9ess community2 7,,iii7 id5tifies ! res\rces available = ! project2 7,,iv7 describes ! capabilities ( ! project1 includ+ coord9ation ) local res\rce p>tn]s & local or national l5d+ p>tn]s ( ! ,adm9i/ration2 7,v7 addresses ! unique bus9ess & economic *all5ges fac$ by ! community 9 :i* ! eligible entity is locat$ & bus9esses 9 t community2 or 7,,vi7 provides a propos$ budget & plan = use ( funds2 & 7ii7 may include any o!r crit]ia det]m9$ appropriate by ! ,adm9i/rator4 7e7 ,program exam9ation 7#a7 ,9 g5]al ,! ,adm9i/rator %all-- 7,a7 develop & implem5t an annual programmatic & f9ancial exam9ation ( ea* project conduct$ "u ?is section1 "u :i* ea* eligible entity ent]+ into a coop]ative agreem5t "u ?is section %all provide to ! ,adm9i/rator-- 7i7 an itemiz$ co/ breakd[n ( actual exp5ditures = co/s incurr$ dur+ ! prec$+ ye>2 & 7ii7 docum5tation reg>d+-- 7,i7 ! am\nt ( mat*+ assi/ance f non-,f$]al s\rces obta9$ & exp5d$ by ! eligible entity dur+ ! prec$+ ye> 9 ord] to meet ! mat*+ requirem5t "u subsection 7i72 & 7,,ii7 ) respect to any 9-k9d contributions t 7 us$ to satisfy ! mat*+ requirem5t "u subsection 7i71 v]ification ( ! exi/5ce & valuation ( ^? contributions2 & 7,b7 analyze ! results ( ea* exam9ation conduct$ "u subp>agraph 7,a7 &1 bas$ on t analysis1 make a det]m9ation reg>d+ ! programmatic & f9ancial viability ( ea* eligible entity4 7#b7 ,conditions = cont9u$ fund+ ,9 det]m9+ :e!r to cont9ue or r5ew a coop]ative agreem5t "u ?is section1 ! ,adm9i/rator-- 7,a7 %all consid] ! results ( ! mo/ rec5t exam9ation ( ! project "u p>agraph 7#a72 & 7,b7 may t]m9ate or n r5ew a coop]ative agreem5t1 if ! ,adm9i/rator det]m9es t ! eligible entity has fail$ to provide any in=mation requir$ to be provid$ 7includ+ in=mation provid$ = purposes ( ! annual report by ! ,adm9i/rator "u subsection 7m77 or ! in=mation provid$ by ! eligible entity is inadequate4 7f7 ,tra9+ & te*nical assi/ance ,! ,adm9i/rator-- 7#a7 %all provide 9 p]son or onl9e tra9+ & te*nical assi/ance to ea* eligible entity ent]+ into a coop]ative agreem5t "u ?is section at ! beg9n+ ( ! p>ticipation ( ! eligible entity 9 ! ,innovation ,c5t]s ,program 9 ord] to build ! capacity ( ! eligible entity & ensure compliance ) proc$ures e/abli%$ by ! ,adm9i/rator2 7#b7 %all ensure t ! tra9+ & te*nical assi/ance describ$ 9 p>agraph 7#a7 is provid$ at no co/ or at a l[ co/2 & 7#c7 may ent] into a contract to provide ! tra9+ or te*nical assi/ance describ$ 9 p>agraph 7#a7 ) #a or m organizations ) exp]tise 9 ! entrepr5eurial developm5t programs ( ! ,adm9i/ration1 innovation1 & entrepr5eurial developm5t4 7g7 ,coord9ation ,9 c>ry+ out a project "u ?is section1 an eligible entity may coord9ate )-- 7#a7 res\rce & l5d+ p>tn]s ( ! ,adm9i/ration2 7#b7 programs ( ,/ate & local gov]nm5ts t are conc]n$ ) aid+ small bus9ess conc]ns2 & 7#c7 o!r ,f$]al ag5cies1 includ+ to provide s]vices to & assi/ small bus9ess conc]ns 9 p>ticipat+ 9 ! ,,sbir & ,,/tr programs1 z def9$ 9 section #i7;e74 7h7 ,fund+ limit ,! am\nt ( f9ancial assi/ance provid$ to an eligible entity "u a coop]ative agreem5t ent]$ into "u ?is section %all be n m ?an #djj1jjj dur+ ea* ye>4 7i7 ,mat*+ requirem5t 7#a7 ,9 g5]al ,an eligible entity %all contribute t[>d ! co/ ( ! project c>ri$ out "u a coop]ative agreem5t "u ?is section an am\nt equal to #ej p]c5t ( ! am\nt receiv$ "u ! coop]ative agreem5t4 7#b7 ,9-k9d contributions ,n m ?an #ej p]c5t ( ! contribution ( an eligible entity "u p>agraph 7#a7 may be 9 ! =m ( 9-k9d contributions4 7#c7 ,waiv] 7,a7 ,9 g5]al ,if ! ,adm9i/rator det]m9es t an eligible entity is unable to meet ! contribution requirem5t "u p>agraph 7#a71 ! ,adm9i/rator may r$uce ! requir$ contribution4 7,b7 ,presumption ,an eligible entity %all be presum$ to be unable to meet ! contribution requirem5t "u p>agraph 7#a7 if ! eligible entity has-- 7i7 long-t]m debt 9 an am\nt t is less ?an #aj1jjj1jjj2 7ii7 an inve/$ m>ket end[m5t 9 an am\nt t is less ?an #ae1jjj1jjj2 or 7iii7 total net liquid assets 9 an am\nt t is less ?an #ae1jjj1jjj4 7#d7 ,failure to obta9 non-f$]al fund+ ,if an eligible entity fails to obta9 ! requir$ non-,f$]al contribution dur+ any project1 or ! r$uc$ non-,f$]al contribution1 z det]m9$ by ! ,adm9i/rator-- 7,a7 ! eligible entity %all n be eligible !reaft] = any o!r project = :i* ! eligible entity is or may be fund$ by ! ,adm9i/ration2 & 7,b7 be=e approv+ assi/ance = ! eligible entity = any o!r project1 ! ,adm9i/rator %all specifically det]m9e :e!r ! ,adm9i/rator believes t ! eligible entity w be able to obta9 ! requisite non-,f$]al fund+ & ent] a writt5 f9d+ sett+ ! =? ! reasons = mak+ t det]m9ation4 7#e7 ,rule ( con/ruction ,! demon/rat$ inability ( an eligible entity to meet ! contribution requirem5t "u p>agraph 7#a7 %all n disqualify ! eligible entity f ent]+ into a coop]ative agreem5t "u ?is section4 7j7 ,contract au?ority 7#a7 ,9 g5]al ,an eligible entity may ent] into a contract ) a ,f$]al dep>tm5t or ag5cy to provide specific assi/ance to />tup1 newly e/abli%$1 or gr[+ small bus9ess conc]ns4 7#b7 ,p]=mance ,p]=mance ( a contract ent]$ into "u p>agraph 7#a7 may n h9d] ! applicable eligible entity 9 c>ry+ out ! t]ms ( ! coop]ative agreem5t "u ?is section4 7#c7 ,exemption f mat*+ requirem5t ,a contract ent]$ into "u p>agraph 7#a7 %all n be subject to ! mat*+ requirem5t "u subsection 7i74 7#d7 ,additional provision ,not)/&+ any o!r provision ( law1 a contract = assi/ance "u p>agraph 7#a7 %all n be appli$ to any contract+ goal = a ,f$]al dep>tm5t or ag5cy "u section #ae7;g7 ) respect to small bus9ess conc]ns1 small bus9ess conc]ns own$ & controll$ by wom51 or small bus9ess conc]ns own$ & controll$ by socially & economically disadvantag$ individuals4 7k7 ,privacy requirem5ts 7#a7 ,9 g5]al ,an eligible entity may n disclose ! "n1 address1 or telephone numb] ( any individual or small bus9ess conc]n receiv+ assi/ance "u ?is section )\t ! cons5t ( t individual or small bus9ess conc]n1 unless-- 7,a7 ! ,adm9i/rator is ord]$ to make su* a disclosure by a c\rt 9 any civil or crim9al en=cem5t action initiat$ by a ,f$]al or ,/ate ag5cy2 or 7,b7 ! ,adm9i/rator consid]s su* a disclosure to be necess>y = ! purpose ( conduct+ a f9ancial audit ( an eligible entity1 except t a disclosure "u ?is subp>agraph %all be limit$ to ! in=mation necess>y = t f9ancial audit4 7#b7 ,adm9i/ration use ( in=mation ,?is subsection %all n-- 7,a7 re/rict ,adm9i/ration access to program activity data2 or 7,b7 prev5t ! ,adm9i/ration f us+ cli5t in=mation 7o!r ?an ! in=mation describ$ 9 subp>agraph 7,a77 to conduct cli5t surveys4 7#c7 ,regulations ,! ,adm9i/rator %all issue regulations to e/abli% /&>ds = requir+ disclosures dur+ a f9ancial audit "u p>agraph 7#a77;,b74 7l7 ,publication ( in=mation ,! ,adm9i/rator %all-- 7#a7 publi% in=mation ab\t ! program "u ?is section onl9e1 includ+-- 7,a7 on ! website ( ! ,adm9i/ration2 & 7,b7 on ! social m$ia ( ! ,adm9i/ration2 & 7#b7 reque/ t ! res\rce & l5d+ p>tn]s ( ! ,adm9i/ration & ! di/rict (fices ( ! ,adm9i/ration publicize ! program4 7m7 ,annual report+ ,n lat] ?an #a ye> aft] ! date on :i* ! ,adm9i/rator e/abli%es ! program "u ?is section1 & annually !reaft]1 ! ,adm9i/rator %all submit to ,congress a report on ! activities "u ! program1 includ+-- 7#a7 ! numb] ( />tup1 newly e/abli%$1 & gr[+ small bus9ess conc]ns p>ticipat+ 9 ! project c>ri$ out by ea* eligible entity "u a coop]ative agreem5t "u ?is section 7ref]r$ to 9 ?is z p>ticipants71 includ+ a breakd[n ( ! own]s ( ! p>ticipants by race1 g5d]1 vet]an /atus1 & urban v]sus rural location2 7#b7 ! ret5tion rate = p>ticipants2 7#c7 ! total & m$ian am\nt ( capital access$ by p>ticipants1 includ+ ! type ( capital access$2 7#d7 ! total & m$ian numb] ( employees ( p>ticipants2 7#e7 ! numb] & m$ian wage ( jobs creat$ by p>ticipants2 7#f7 ! numb] ( jobs su/a9$ by p>ticipants2 & 7#g7 in=mation reg>d+ su* o!r metrics z ! ,adm9i/rator det]m9es appropriate4 7n7 ,fund+ 7#a7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z may be necess>y to c>ry out ?is section4 7#b7 ,adm9i/rative exp5ses ,( ! am\nt made available to c>ry out ?is section = any fiscal ye>1 n m ?an #aj p]c5t may be us$ by ! ,adm9i/rator = adm9i/rative exp5ses4 4 7b7 ,regulations ,! ,adm9i/rator %all promulgate regulations to c>ry out section #di ( ! ,small ,bus9ess ,act1 z add$ by subsection 7a74