,,ii #aahth ,,congress #b;d ,session ,s4 #efcd ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #ai 7legislative day1 ,december #af71 #bjbd,mr4 ,markey introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to establish a grant program under the ,small ,business ,administration1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,small ,business ,opportunity ,grants ,act of #bjbd4 #b4 ,definitions 7a7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7b7 ,community development financial institution ,the term community development financial institution has the meaning given the term in section #ajc of the ,riegle ,community ,development and ,regulatory ,improvement ,act of #aiid 7#ab ,u4,s4,c4 #dgjb74 7c7 ,covered lender ,the term covered lender means a lender authorized under section #c7;a77#b77;,b74 7d7 ,covered grant ,the term covered grant means a grant issued by a covered lender4 7e7 ,eligible recipient ,the term eligible recipient means an eligible small business concern4 7f7 ,minority ,depository ,institution ,the term minority depository institution has the meaning given the term in section #cjh of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi 7#ab ,u4,s4,c4 #adfc note74 7g7 ,rural area ,the term rural area means any county or other political subdivision of a ,state1 the ,district of ,columbia1 or a territory or possession of the ,united ,states that is designated as a rural area by the ,bureau of the ,census4 #c4 ,grant program 7a7 ,grant program 7#a7 ,in general ,the ,administrator shall establish a grant program in accordance with this subsection for the purpose of awarding grants to individuals or entities who meet the criteria established under paragraph 7#b74 7#b7 ,eligibility criteria 7,a7 ,grant recipients ,the ,administrator shall1 in accordance with the limits described in paragraph 7#d71 award a grant to an eligible recipient if-- 7i7 the eligible recipient is located in-- 7,i7 a low- to moderate-income community2 7,,ii7 a ,h,u,b,zone1 as that term is defined in section #ca7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;a7b772 7,,iii7 a rural area2 or 7,,iv7 any area for which a disaster declaration or determination described in subparagraph 7,a71 7,b71 7,c71 or 7,e7 of section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 has been made that has not terminated more than #b years before the date 7or later1 as determined by the ,administrator7 on which a grant is made to the small business concern under the program1 except that1 in the case of a major disaster described in subsection 7b77#b77;,a7 of such section1 that period shall be #e years2 7ii7 more than #ej percent of the employees of the eligible recipient reside in a low- or moderate-income community2 7iii7 the eligible recipient is a new business2 7iv7 the eligible recipient is owned and controlled by socially and economically disadvantaged individuals1 as described in paragraphs 7#e7 and 7#f77;,a71 respectively1 of section #h7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;a77 which the ,administrator1 in carrying out the program1 shall presume includes ,black ,americans1 ,hispanic ,americans1 ,native ,americans1 ,asian ,pacific ,americans1 and other minorities2 7v7 the eligible recipient is owned and controlled by women2 7vi7 the eligible recipient is owned and controlled by veterans or spouses of veterans2 7vii7 the eligible recipient is owned and controlled by a member of an ,indian ,tribe individually identified 7including parenthetically7 in the most recent list published pursuant to section #ajd of the ,federally ,recognized ,indian ,tribe ,list ,act of #aiid 7#be ,u4,s4,c4 #eaca72 7viii7 the eligible recipient is owned and controlled by an individual who has completed a term of imprisonment in a ,federal1 ,state1 or local jail or prison2 or 7ix7 the eligible recipient is owned and controlled by an individual with a disability1 as that term is defined in section #c of the ,americans with ,disabilities ,act of #aiij 7#db ,u4,s4,c4 #abajb74 7,b7 ,lenders ,the ,administrator shall1 in accordance with the limits described in paragraph 7#d71 award a grant to a lender if the lender is-- 7i7 a community development financial institution2 7ii7 a minority depository institution2 7iii7 a lender under the ,microloan ,program established under subsection 7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m772 7iv7 a development company that is certified under title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq472 or 7v7 a ,community ,advantage ,small ,business ,lending ,company1 as described in section #abj4aj of title #ac1 ,code of ,federal ,regulations4 7#c7 ,limits 7,a7 ,number of grants ,the number of grants awarded under this subsection shall not exceed #a1jjj1jjj grants4 7,b7 ,amount of forgiveness ,the amount of a grant awarded to an eligible recipient under this subsection shall not exceed #bj1jjj4 7,c7 ,no limit on other loans or grants ,notwithstanding any other provision of law1 small business concerns receiving a covered grant under this ,act shall not be prohibited from receiving another loan or grant4 7b7 ,technical ,assistance ,grant ,program ,the ,administrator shall establish a grant program to provide management and technical assistance to covered lenders making grants under this ,act4 7c7 ,regulations ,the ,administrator shall promulgate regulations related to the grant programs under this section not later than #ahj days after the date of enactment of this ,act4 7d7 ,authorization of ,appropriations ,there are authorized to be appropriated such sums as may be necessary to carry out this section for fiscal year #bjbe4 #d4 ,reporting requirements for grants 7a7 ,data collection ,with respect to each covered grant under this ,act1 the ,administrator shall collect data on the eligible recipient of the covered grant1 which shall include the gender1 race1 ethnicity1 sex1 age1 ,tribal affiliation1 socioeconomic status1 and disability status of each eligible recipient4 7b7 ,publication 7#a7 ,in general ,the ,administrator shall make publicly available on the website of the ,small ,business ,administration1 in a disaggregated format1 the data collected under subsection 7a71 which shall be updated not later than #g days after the date on which a covered grant is approved4 7#b7 ,privacy considerations ,in publishing the data under paragraph 7#a71 the ,administrator shall take all necessary steps to protect the privacy of any individual whose personally identifiable information is included in that data4