,,ii #aah? ,,congress #b;d ,session ,s4 #efcd ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #ai 7legislative day1 ,decemb] #af71 #bjbd,mr4 ,m>key introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to e/abli% a grant program "u ! ,small ,bus9ess ,adm9i/ration1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess ,opportunity ,grants ,act ( #bjbd4 #b4 ,def9itions 7a7 ,adm9i/rator ,! t]m ,adm9i/rator means ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration4 7b7 ,community developm5t f9ancial in/itution ,! t]m community developm5t f9ancial in/itution has ! mean+ giv5 ! t]m 9 section #ajc ( ! ,riegle ,community ,developm5t & ,regulatory ,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 #dgjb74 7c7 ,cov]$ l5d] ,! t]m cov]$ l5d] means a l5d] au?oriz$ "u section #c7;a77#b77;,b74 7d7 ,cov]$ grant ,! t]m cov]$ grant means a grant issu$ by a cov]$ l5d]4 7e7 ,eligible recipi5t ,! t]m eligible recipi5t means an eligible small bus9ess conc]n4 7f7 ,m9ority ,depository ,in/itution ,! t]m m9ority depository in/itution has ! mean+ giv5 ! t]m 9 section #cjh ( ! ,f9ancial ,in/itutions ,re=m1 ,recov]y1 & ,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4 #adfc note74 7g7 ,rural area ,! t]m rural area means any c\nty or o!r political subdivision ( a ,/ate1 ! ,di/rict ( ,columbia1 or a t]ritory or possession ( ! ,unit$ ,/ates t is designat$ z a rural area by ! ,bureau ( ! ,c5sus4 #c4 ,grant program 7a7 ,grant program 7#a7 ,9 g5]al ,! ,adm9i/rator %all e/abli% a grant program 9 accordance ) ?is subsection = ! purpose ( aw>d+ grants to individuals or entities :o meet ! crit]ia e/abli%$ "u p>agraph 7#b74 7#b7 ,eligibility crit]ia 7,a7 ,grant recipi5ts ,! ,adm9i/rator %all1 9 accordance ) ! limits describ$ 9 p>agraph 7#d71 aw>d a grant to an eligible recipi5t if-- 7i7 ! eligible recipi5t is locat$ 9-- 7,i7 a l[- to mod]ate-income community2 7,,ii7 a ,h,u,b,zone1 z t t]m is def9$ 9 section #ca7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;a7b772 7,,iii7 a rural area2 or 7,,iv7 any area = :i* a disa/] decl>ation or det]m9ation describ$ 9 subp>agraph 7,a71 7,b71 7,c71 or 7,e7 ( section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 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 grant is made to ! small bus9ess conc]n "u ! program1 except t1 9 ! case ( a major disa/] describ$ 9 subsection 7b77#b77;,a7 ( su* section1 t p]iod %all be #e ye>s2 7ii7 m ?an #ej p]c5t ( ! employees ( ! eligible recipi5t reside 9 a l[- or mod]ate-income community2 7iii7 ! eligible recipi5t is a new bus9ess2 7iv7 ! eligible recipi5t is own$ & controll$ by socially & economically disadvantag$ individuals1 z describ$ 9 p>agraphs 7#e7 & 7#f77;,a71 respectively1 ( section #h7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcg7;a77 :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 7v7 ! eligible recipi5t is own$ & controll$ by wom52 7vi7 ! eligible recipi5t is own$ & controll$ by vet]ans or sp\ses ( vet]ans2 7vii7 ! eligible recipi5t is 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 7viii7 ! eligible recipi5t is own$ & controll$ by an individual :o has complet$ a t]m ( imprisonm5t 9 a ,f$]al1 ,/ate1 or local jail or prison2 or 7ix7 ! eligible recipi5t is own$ & 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 #abajb74 7,b7 ,l5d]s ,! ,adm9i/rator %all1 9 accordance ) ! limits describ$ 9 p>agraph 7#d71 aw>d a grant to a l5d] if ! l5d] is-- 7i7 a community developm5t f9ancial in/itution2 7ii7 a m9ority depository in/itution2 7iii7 a l5d] "u ! ,microloan ,program e/abli%$ "u subsection 7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m772 7iv7 a developm5t company t is c]tifi$ "u title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq472 or 7v7 a ,community ,advantage ,small ,bus9ess ,l5d+ ,company1 z describ$ 9 section #abj4aj ( title #ac1 ,code ( ,f$]al ,regulations4 7#c7 ,limits 7,a7 ,numb] ( grants ,! numb] ( grants aw>d$ "u ?is subsection %all n exce$ #a1jjj1jjj grants4 7,b7 ,am\nt ( =giv5ess ,! am\nt ( a grant aw>d$ to an eligible recipi5t "u ?is subsection %all n exce$ #bj1jjj4 7,c7 ,no limit on o!r loans or grants ,not)/&+ any o!r provision ( law1 small bus9ess conc]ns receiv+ a cov]$ grant "u ?is ,act %all n be prohibit$ f receiv+ ano!r loan or grant4 7b7 ,te*nical ,assi/ance ,grant ,program ,! ,adm9i/rator %all e/abli% a grant program to provide managem5t & te*nical assi/ance to cov]$ l5d]s mak+ grants "u ?is ,act4 7c7 ,regulations ,! ,adm9i/rator %all promulgate regulations relat$ to ! grant programs "u ?is section n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act4 7d7 ,au?orization ( ,appropriations ,!re are au?oriz$ to be appropriat$ su* sums z may be necess>y to c>ry out ?is section = fiscal ye> #bjbe4 #d4 ,report+ requirem5ts = grants 7a7 ,data collection ,) respect to ea* cov]$ grant "u ?is ,act1 ! ,adm9i/rator %all collect data on ! eligible recipi5t ( ! cov]$ grant1 :i* %all include ! g5d]1 race1 e?nicity1 sex1 age1 ,tribal affiliation1 socioeconomic /atus1 & disability /atus ( ea* eligible recipi5t4 7b7 ,publication 7#a7 ,9 g5]al ,! ,adm9i/rator %all make publicly available on ! website ( ! ,small ,bus9ess ,adm9i/ration1 9 a disaggregat$ =mat1 ! data collect$ "u subsection 7a71 :i* %all be updat$ n lat] ?an #g days aft] ! date on :i* a cov]$ grant is approv$4 7#b7 ,privacy consid]ations ,9 publi%+ ! data "u p>agraph 7#a71 ! ,adm9i/rator %all take all necess>y /eps to protect ! privacy ( any individual ^: p]sonally id5tifiable in=mation is includ$ 9 t data4