,,ii #aah? ,,congress #a/ ,session ,s4 #bjii ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #ba1 #bjbc,mr4 ,hick5loop] 7= himself1 ,mr4 ,braun1 ,mrs4 ,hyde-,smi?1 & ,mr4 ,w>n]7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to e/abli% an ,(fice ( ,community ,f9ancial ,in/itutions )9 ! ,small ,bus9ess ,adm9i/ration t w /r5g!n ! ability ( ,community ,f9ancial ,in/itutions to support ! developm5t ( small bus9ess conc]ns 9 und]s]v$ communities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,support+ ,community ,l5d]s ,act4 #b4 ,(fice ( ,community ,f9ancial ,in/itutions ,section #g ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7 is am5d$ by add+ at ! end ! foll[+3 7o7 ,(fice ( ,community ,f9ancial ,in/itutions 7#a7 ,def9itions ,9 ?is subsection-- 7,a7 ! t]m ,associate ,adm9i/rator means ! ,associate ,adm9i/rator ( ! ,(fice ( ,capital ,access ( ! ,adm9i/ration2 7,b7 ! t]m community f9ancial in/itution has ! mean+ giv5 ! t]m 9 p>agraph 7#cf72 & 7,c7 ! t]m ,director means ! ,director ( ! ,(fice ( ,community ,f9ancial ,in/itutions4 7#b7 ,e/abli%m5t ,!re is e/abli%$ )9 ! ,adm9i/ration ! ,(fice ( ,community ,f9ancial ,in/itutions1 :i* %all be-- 7,a7 "u ! g5]al managem5t & ov]sight ( ! ,adm9i/ration2 & 7,b7 responsible = ! plann+1 coord9ation1 implem5tation1 evaluation1 & improvem5t ( ! ef=ts ( ! ,adm9i/rator to enhance ! p]=mance ( community f9ancial in/itutions & support access to capital = small bus9ess conc]ns4 7#c7 ,director 7,a7 ,9 g5]al ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ! ,support+ ,community ,l5d]s ,act1 ! ,adm9i/rator %all appo9t a ,director ( ! ,(fice ( ,community ,f9ancial ,in/itutions1 :o %all-- 7i7 sup]vise ! ,(fice ( ,community ,f9ancial ,in/itutions & report to ! ,associate ,adm9i/rator2 7ii7 be 9 ! ,s5ior ,executive ,s]vice2 & 7iii7 h k ( community f9ancial in/itutions & exp]i5ce provid+ access to capital to small bus9ess conc]ns 9 und]s]v$ communities4 7,b7 ,duties ,! ,director %all-- 7i7 create & implem5t /rategies & programs t support ! activities1 developm5t1 & gr[? ( community f9ancial in/itutions2 7ii7 adm9i/] & manage outrea*1 te*nical support1 & tra9+ programs to exi/+1 & pot5tial1 community f9ancial in/itutions2 7iii7 e/abli% p>tn]%ips )9 ! ,adm9i/ration & ) relevant ,f$]al ag5cies1 includ+ ! ,dep>tm5t ( ! ,treasury1 ! ,f$]al ,deposit ,insurance ,corporation1 ! ,dep>tm5t ( ,agriculture1 & ! ,m9ority ,bus9ess ,developm5t ,ag5cy1 to advance ! goal ( support+ ! economic success ( small bus9ess conc]ns ?r\gh community f9ancial in/itutions2 7iv7 review ! effectiv5ess & impact ( community f9ancial in/itutions2 7v7 :5 appropriate1 advocate on behalf ( community f9ancial in/itutions )9 ! ,adm9i/ration1 & to outside organizations1 includ+ o!r relevant ,f$]al ag5cies2 7vi7 hold public meet+s ) relevant /akehold]s n less frequ5tly ?an once e #f mon?s beg9n+ #a ye> aft] ! date ( enactm5t ( ! ,support+ ,community ,l5d]s ,act2 & 7vii7 n lat] ?an #c ye>s aft] ! date ( enactm5t ( ! ,support+ ,community ,l5d]s ,act1 & n less frequ5tly ?an once e #c ye>s !reaft]1 submit to ,congress a report on ! major activities ( ! ,(fice ( ,community ,f9ancial ,in/itutions1 recomm5dations = congressional action bas$ on ! exp]tise ( ! ,(fice1 & areas = gr[? )9 ! ,(fice4 7,c7 ,consultation ,9 c>ry+ out ! duties "u ?is p>agraph1 ! ,director %all consult )-- 7i7 di/rict (fices ( ! ,adm9i/ration2 & 7ii7 o!r relevant ,f$]al ag5cies1 includ+ ! ,dep>tm5t ( ! ,treasury1 ! ,f$]al ,deposit ,insurance ,corporation1 & ! ,m9ority ,bus9ess ,developm5t ,ag5cy4 4