,,ii #aag? ,,congress #a/ ,session ,s4 #fd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #bg1 #bjba,mr4 ,c>d9 7= himself & ,ms4 ,hirono7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to am5d ! ,small ,bus9ess ,act to spur entrepr5eurial ecosy/ems 9 und]s]v$ communities4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,u%]+ ,progress by ,lev]ag+ ,innovation & ,future ,te*nology ,act ( #bjba or ! ,,uplift ,act ( #bjba4 #b4 ,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 half 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 #c4 ,purposes ,! purposes ( ! ,innovation ,c5t]s ,program e/abli%$ "u section #di ( ! ,small ,bus9ess ,act1 z add$ by ?is ,act1 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 ! ,small ,bus9ess ,adm9i/ration & in/itutions ( high] le>n+ t s]ve l[-income & m9ority communities4 #d4 ,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 z section #ej2 & 7#b7 by ins]t+ aft] section #dh ! 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 ) a disability ,! 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 #cab ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajeh74 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 ( ! ,u%]+ ,progress by ,lev]ag+ ,innovation & ,future ,te*nology ,act ( #bjba1 ! ,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 !re=e & 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$ project %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$+ ye> 9 ord] to meet ! mat*+ requirem5t2 & 7,,ii7 ) respect to any 9-k9d contributions t 7 us$ to satisfy ! mat*+ requirem5t1 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 provide = purpose ( ! 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 ! 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$]al contribution z det]m9$ by ! ,adm9i/rator-- 7,a7 ! eligible entity %all n be eligible !reaft] = any o!r project = :i* x is or may be fund$ by ! ,adm9i/ration2 & 7,b7 be=e approv+ assi/ance = ! eligible entity = any o!r projects1 ! ,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] ! 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 ,f$]al dep>tm5t or ag5cy's small bus9ess1 woman-own$ bus9ess1 or socially & economically disadvantag$ bus9ess contract+ goal "u section #ae7;g74 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 ( su* 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$]al or ,/ate ag5cy2 or 7,b7 ! ,adm9i/rator consid]s su* a disclosure to be necess>y = ! purpose ( conduct+ a f9ancial audit ( an eligible entity1 b a disclosure "u ?is subp>agraph %all be limit$ to ! in=mation necess>y = su* 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 79 ?is p>agraph ref]r$ to 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 ( ! ,small ,bus9ess ,adm9i/ration %all promulgate regulations to c>ry out section #di ( ! ,small ,bus9ess ,act1 z add$ by subsection 7a74