,,ii  #aahth ,,congress  #ast ,session  
,s4 #bjii  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #ba1     
#bjbc,mr4 ,hickenlooper 7for himself1   
,mr4 ,braun1 ,mrs4 ,hyde-,smith1 and    
,mr4 ,warner7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,small ,business   
and ,entrepreneurship  ,a ,,bill  ,to   
establish an ,office of ,community      
,financial ,institutions within the     
,small ,business ,administration that   
will strengthen the ability of          
,community ,financial ,institutions to  
support the development of small        
business concerns in underserved        
communities1 and for other purposes4    
#a4 ,short title ,this ,act may be cited
 as the ,supporting ,community ,lenders 
,act4  #b4 ,office of ,community        
,financial ,institutions ,section #g of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7 is amended by adding at the end  
the following3  7o7 ,office of          
,community ,financial ,institutions     

7#a7 ,definitions ,in this subsection-- 
7,a7 the term ,associate ,administrator 
means the ,associate ,administrator of  
the ,office of ,capital ,access of the  
,administration2  7,b7 the term         
community financial institution has the 
meaning given the term in paragraph     
7#cf72 and  7,c7 the term ,director     
means the ,director of the ,office of   
,community ,financial ,institutions4    
7#b7 ,establishment ,there is           
established within the ,administration  
the ,office of ,community ,financial    
,institutions1 which shall be-- 7,a7    
under the general management and        
oversight of the ,administration2 and   
7,b7 responsible for the planning1      
coordination1 implementation1           
evaluation1 and improvement of the      
efforts of the ,administrator to enhance
 the performance of community financial 
institutions and support access to      
capital for small business concerns4    
7#c7 ,director  7,a7 ,in general ,not   
later than #ahj days after the date of  

enactment of the ,supporting ,community 
,lenders ,act1 the ,administrator shall 
appoint a ,director of the ,office of   
,community ,financial ,institutions1 who
 shall-- 7i7 supervise the ,office of   
,community ,financial ,institutions and 
report to the ,associate ,administrator2
  7ii7 be in the ,senior ,executive     
,service2 and  7iii7 have knowledge of  
community financial institutions and    
experience providing access to capital  
to small business concerns in           
underserved communities4  7,b7 ,duties  
,the ,director shall-- 7i7 create and   
implement strategies and programs that  
support the activities1 development1 and
 growth of community financial          
institutions2  7ii7 administer and      
manage outreach1 technical support1 and 
training programs to existing1 and      
potential1 community financial          
institutions2  7iii7 establish          
partnerships within the ,administration 
and with relevant ,federal agencies1    
including the ,department of the        

,treasury1 the ,federal ,deposit        
,insurance ,corporation1 the ,department
 of ,agriculture1 and the ,minority     
,business ,development ,agency1 to      
advance the goal of supporting the      
economic success of small business      
concerns through community financial    
institutions2  7iv7 review the          
effectiveness and impact of community   
financial institutions2  7v7 when       
appropriate1 advocate on behalf of      
community financial institutions within 
the ,administration1 and to outside     
organizations1 including other relevant 
,federal agencies2  7vi7 hold public    
meetings with relevant stakeholders not 
less frequently than once every #f      
months beginning #a year after the date 
of enactment of the ,supporting         
,community ,lenders ,act2 and  7vii7 not
 later than #c years after the date of  
enactment of the ,supporting ,community 
,lenders ,act1 and not less frequently  
than once every #c years thereafter1    
submit to ,congress a report on the     

major activities of the ,office of      
,community ,financial ,institutions1    
recommendations for congressional action
 based on the expertise of the ,office1 
and areas for growth within the ,office4
  7,c7 ,consultation ,in carrying out   
the duties under this paragraph1 the    
,director shall consult with-- 7i7      
district offices of the ,administration2
 and  7ii7 other relevant ,federal      
agencies1 including the ,department of  
the ,treasury1 the ,federal ,deposit    
,insurance ,corporation1 and the        
,minority ,business ,development        
,agency4  4