,,ii  #aai? ,,congress  #b;d ,session   
,s4 #efca  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #cj1         
#bjbf,mr4 ,book] 7= himself1 ,mr4 ,van  
,holl51 ,ms4 ,hirono1 & ,ms4 ,blunt     
,ro*e/]7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,small ,bus9ess & ,entrepr5eur%ip  ,a   
,,bill  ,to am5d ! ,small ,bus9ess ,act 
to create a program to provide fund+ =  
organizations t support />tup bus9esses 
9 =mation & e>ly gr[? /ages by provid+  
entrepr5eurs ) res\rces & s]vices to    
produce viable bus9esses1 & = o!r       
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,/>tup ,opportunity        
,accel]ator ,act ( #bjbf or ! ,,so>     
,act4  #b4 ,f9d+s ,congress f9ds t--    
7#a7 />tups h contribut$ greatly to !   
,unit$ ,/ates economy1 ) rese>* %[+ t   
betwe5 #aihb & #bjaa1 bus9esses #e ye>s 
or y\ng] 7 responsible = ne>ly e net new
 job creat$2  7#b7 />tups face common   
*all5ges z !y seek to trans=m _! ideas  
into successful1 high-gr[? bus9esses2   

7#c7 #d metropolitan areas 9 #c         
,/ates--! ,san ,francisco ,bay ,area1   
,new ,york ,city1 ,bo/on1 & ,los        
,angeles--receive ne>ly #fg4e p]c5t (   
all v5ture capital inve/m5t1 :i* is a   
critical s\rce ( fund+ = high-gr[?      
/>tups2  7#d7 ( ! v5ture capital fund+ t
 />tups receive1 #a p]c5t are           
,african-,am]ican-own$1 #a4e p]c5t are  
,lat9o-own$1 & only #a4i p]c5t are own$ 
solely by wom52  7#e7 incubators &      
accel]ators are new models ( gr[? t     
drive innovation by connect+            
entrepr5eurial individuals & teams to   
create viable bus9ess v5tures & social  
initiatives2  7#f7 incubators &         
accel]ators support promis+ />tups ?r\gh
 p>tn]%ips1 m5tor+1 & res\rces connect+ 
!m ) season$ entrepr5eurs2  7#g7 ! goal 
( an incubator or an accel]ator is to   
help create & gr[ "y bus9esses by       
provid+ !m ) necess>y f9ancial1         
te*nical1 & indu/ry support & f9ancial &
 te*nical s]vices2 &  7#h7 />tups (f]   
unique opportunities = gr[? & developm5t

 = wom51 m9orities1 & vet]ans to become 
successful entrepr5eurs & lead]s 9 new &
 develop$ fields4  #c4 ,gr[? accel]ator 
fund competition ,! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fca et seq47 is am5d$--
 7#a7 by r$esignat+ section #di 7#ae    
,u4,s4,c4 #fca note7 z section #ej2 &   
7#b7 by ins]t+ aft] section #dh !       
foll[+3  #di4 ,gr[? accel]ator fund     
competition  7a7 ,def9itions ,9 ?is     
section-- 7#a7 ! t]m disability has !   
mean+ giv5 ! t]m 9 section #c ( !       
,am]icans ) ,disabilities ,act ( #aiij  
7#db ,u4,s4,c4 #abajb72  7#b7 ! t]m     
eligible entity means an organization-- 
7,a7 t is locat$ 9 ! ,unit$ ,/ates2     
7,b7 ! prim>y purpose ( :i* is to       
support new small bus9ess conc]ns2 &    
7,c7 t is (t5 classifi$ z a gr[?        
accel]ator2  7#c7 ! t]m gr[? accel]ator 
means an organization t-- 7,a7 supports 
new bus9ess conc]ns ) a focus on        
te*nology1 rese>*1 & developm5t2  7,b7  
frequ5tly provides1 b is n exclusively  
design$ to provide1 se$ inve/m5t 9      

ex*ange = a small am\nt ( equity2  7,c7 
works ) a new bus9ess conc]n = a        
pr$et]m9$ am\nt ( "t2  7,d7 provides    
m5tor%ip & in/ruction to scale          
bus9esses2 or  7,e7 (f]s />tup capital  
or ! opportunity to raise capital f     
outside inve/ors2  7#d7 ! t]m m9ority   
s]v+ in/itution 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 t t]m is def9$ 9
 section #cab7;f7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4 #ajeh7;f772 
7#e7 ! t]m new small bus9ess conc]n     
means a small bus9ess conc]n t has be5 9
 op]ation = n m ?an #e ye>s2 &  7#f7 !  
t]m ,/ate means any ,/ate ( ! ,unit$    
,/ates1 ! ,di/rict ( ,columbia1 !       
,commonweal? ( ,pu]to ,rico1 & any      
t]ritory or possession ( ! ,unit$       
,/ates4  7b7 ,fund+  7#a7 ,9 g5]al ,n   
lat] ?an #a ye> aft] ! date ( enactm5t (
 ?is section1 ! ,adm9i/rator %all       

develop & beg9 implem5t+ a program to   
aw>d ca% grants ( n less ?an #a1jjj1jjj 
to eligible entities to support new     
small bus9ess conc]ns4  7#b7 ,use (     
funds ,a grant "u ?is section-- 7,a7 may
 be us$ = con/ruction co/s1 space       
acquisition1 & programmatic purposes2 & 
7,b7 may n be us$ to provide capital to 
new small bus9ess conc]ns directly or   
?r\gh ! subaw>d ( funds4  7#c7          
,disbursal ( funds ,9 disburs+ funds "u 
?is section1 ! ,adm9i/rator may use     
increm5tal or s*$ul$ paym5ts4  7c7      
,application  7#a7 ,9 g5]al ,an eligible
 entity desir+ a grant "u ?is section   
%all demon/rate t ! eligible entity w   
use ! grant to provide assi/ance to n   
less ?an #aj new small bus9ess conc]ns  
p] ye>4  7#b7 ,requirem5ts ,9 solicit+  
applications & aw>d+ grants to eligible 
entities "u ?is section1 ! ,adm9i/rator 
%all employ a /reaml9$ & inclusive      
approa* t-- 7,a7 widely publicizes fund+
 opportunities to a broad audi5ce1      
includ+ ?r\gh ! use ( digital res\rces  

su* z ! website ( ! ,adm9i/ration &     
social m$ia2  7,b7 utilizes an easily   
accessible submission process or plat=m2
  7,c7 %all make e ef=t to m9imize-- 7i7
 ! use ( =ms1 detail$ budgets1 support+ 
docum5tation1 or writt5 submissions2 &  
7ii7 any o!r burd5some requirem5t2  7,d7
 focuses on solution-bas$ approa*es &   
results-bas$ outcomes2  7,e7 enc\rages  
innovation2 &  7,f7 all[s proposals or  
pit*es to be pres5t$ us+ v>i\s =mats or 
m$ia4  7d7 ,crit]ia ,! ,adm9i/rator %all
 e/abli% crit]ia = a grant "u ?is       
section t %all give priority to eligible
 entities t-- 7#a7 are provid+ or plan  
to provide to new small bus9ess         
conc]ns-- 7,a7 (fice1 manufactur+1 or   
w>eh\se space1 includ+ appropriate      
op]ations infra/ructure2  7,b7 access to
 capital ei!r directly f ! eligible     
entity 7us+ am\nts o!r ?an ! am\nts     
provid$ "u ! grant7 or ?r\gh guidance & 
contacts = acquir+ capital f outside    
inve/ors2  7,c7 access to pr(essional   
s]vices ei!r directly f ! eligible      

entity 7us+ am\nts o!r ?an ! am\nts     
provid$ "u ! grant7 or ?r\gh guidance & 
contacts = acquir+ pr(essional s]vices1 
includ+ acc\nt+ & legal s]vices2 or     
7,d7 a =mal /ructur$ m5tor%ip or        
developm5tal program t assi/s new small 
bus9ess conc]ns ) build+ bus9ess skills 
& compet5cies2 or  7#b7 if locat$ )9 #bj
 miles ( a m9ority s]v+ in/itution1     
demon/rates a ref]ral or programmatic   
relation%ip ) t in/itution4  7e7        
,consid]ations 9 *oos+ recipi5ts ,9     
det]m9+ :e!r to aw>d a grant "u ?is     
section to an eligible entity1 !        
,adm9i/rator %all take into acc\nt--    
7#a7 = eligible entities t h 9 op]ation 
a program to support new small bus9ess  
conc]ns1 ! record ( ! eligible entity 9 
assi/+ new small bus9ess conc]ns1       
includ+1 = ea* ( ! #c full ye>s be=e !  
date on :i* ! eligible entity applies = 
a grant "u ?is section-- 7,a7 ! ret5tion
 rate ( new small bus9ess conc]ns 9 !   
program ( ! eligible entity2  7,b7 !    
av]age p]iod ( p>ticipation by new small

 bus9ess conc]ns 9 ! program ( !        
eligible entity2  7,c7 ! total1 av]age1 
& m$ian capital rais$ by new small      
bus9ess conc]ns p>ticipat+ 9 ! program (
 ! eligible entity2 &  7,d7 ! total1    
av]age1 & m$ian numb] ( employees ( new 
small bus9ess conc]ns p>ticipat+ 9 !    
program ( ! eligible entity2  7#b7 = all
 eligible entities-- 7,a7 ! numb] ( new 
small bus9ess conc]ns assi/$ or         
anticipat$ to be assi/$ by ! eligible   
entity2  7,b7 ! numb] ( new small       
bus9ess conc]ns apply+ or anticipat$ to 
apply = assi/ance f ! eligible entity2  
7,c7 :e!r ! program ( ! eligible entity 
provides or w\ld provide assi/ance to   
individuals 9 g5d]1 racial1 or e?nic    
gr\ps und]repres5t$ by exi/+ programs to
 assi/ new small bus9ess conc]ns2 &     
7,d7 o!r metrics det]m9$ appropriate by 
! ,adm9i/rator2  7#c7 ! ne$ 9 !         
geographic area to be s]v$ by ! program 
to be c>ri$ out us+ ! grant = additional
 assi/ance = new small bus9ess conc]ns1 
if ! area has suffici5t population      

d5sity1 z det]m9$ by ! ,adm9i/rator2    
7#d7 ! level ( exp]i5ce ( !             
entrepr5eurial lead]%ip ( ! eligible    
entity2 &  7#e7 ! ability ( ! eligible  
entity to use & lev]age local /r5g?s1   
includ+ human res\rces1 infra/ructure1 &
 educational in/itutions4  7f7          
,requirem5t ,to aw>d grants to c]ta9    
accel]ators ,9 ord] to promote div]sity 
9 entrepr5eur%ip1 ! ,adm9i/rator %all   
aw>d n less ?an #ej p]c5t ( am\nts      
appropriat$ = grants 9 a giv5 fiscal ye>
 to-- 7#a7 accel]ators locat$ 9 an area 
describ$ 9 subp>agraph 7,a71 7,b71 or   
7,c7 ( section #ca7;b77#a72 &  7#b7     
accel]ators = :i* n less ?an #ej p]c5t (
 ! small bus9ess conc]ns s]v$ by !      
accel]ator are small bus9ess conc]ns--  
7,a7 own$ & controll$ by socially       
disadvantag$ individuals or economically
 disadvantag$ individuals1 z def9$ 9    
p>agraphs 7#e7 & 7#f77;,a71             
respectively1 ( section #h7;a72  7,b7   
own$ & controll$ by wom52 or  7,c7 t are
 n less ?an #ea p]c5t own$ by "o or m-- 

7i7 ,native ,am]icans2  7ii7 individuals
 p>ticipat+ 9 ! ,transition ,assi/ance  
,program ( ! ,dep>tm5t ( ,def5se2  7iii7
 individuals :o-- 7,i7 s]v$ on active   
duty 9 any bran* ( ! ,arm$ ,=ces1       
includ+ ! ,national ,gu>d & ,res]ves2 & 
7,,ii7 7 dis*>g$ or releas$ f su* s]vice
 "u conditions o!r ?an di%onorable2     
7iv7 =m]ly inc>c]at$ individuals2 or    
7v7 individuals ) a disability4  7g7    
,mat*+ nonpublic fund+ ,an eligible     
entity receiv+ a grant "u ?is section   
may obta9 funds f a private individual  
or entity 7includ+ a =-pr(it or nonpr(it
 entity7 t are-- 7#a7 = ! same purposes 
z a grant may be made "u ?is section2 & 
7#b7 us$ to c>ry out ! program ( !      
eligible entity c>ri$ out us+ ! grant "u
 ?is section4  7h7 ,consequ5ces (       
failure ,to abide by t]ms or conditions 
( grant or requirem5ts ( ?is section ,! 
,adm9i/rator %all notify ea* eligible   
entity receiv+ a grant "u ?is section t 
failure to abide by ! t]ms & conditions 
( ! grant or ! requirem5ts ( ?is section

 may1 9 ! discretion ( ! ,adm9i/rator & 
9 addition to any o!r civil or crim9al  
consequ5ces1 result 9 ! ,adm9i/rator    
)hold+ paym5ts or ord]+ ! eligible      
entity to return ! grant funds4  7i7    
,annual progress report+ by recipi5ts ( 
grant ,ea* eligible entity receiv+ a    
grant "u ?is section %all submit to !   
,adm9i/rator an annual report on !      
progress ( ! program c>ri$ out us+ !    
am\nts receiv$ "u ! grant1 includ+--    
7#a7 ! numb] ( new small bus9ess conc]ns
 p>ticipat+ 9 ! program dur+ ea* ( ! #c 
ye>s prec$+ ! report2  7#b7 ! numb] (   
new small bus9ess conc]ns apply+ to     
p>ticipate 9 ! program dur+ ea* ( ! #c  
ye>s prec$+ ! report2  7#c7 ! ret5tion  
rate ( new small bus9ess conc]ns 9 !    
program2  7#d7 ! av]age p]iod (         
p>ticipation 9 ! program by new small   
bus9ess conc]ns2  7#e7 ! total1 av]age1 
& m$ian capital rais$ by new small      
bus9ess conc]ns p>ticipat+ 9 ! program2 
7#f7 ! total1 av]age1 & m$ian numb] (   
employees ( new small bus9ess conc]ns   

p>ticipat+ 9 ! program2  7#g7 ! numb] ( 
new small bus9ess conc]ns-- 7,a7 own$ & 
controll$ by socially disadvantag$      
individuals or economically disadvantag$
 individuals1 z def9$ 9 p>agraphs 7#e7 &
 7#f77;,a71 respectively1 ( section     
#h7;a72  7,b7 own$ & controll$ by wom52 
or  7,c7 t are n less ?an #ea p]c5t own$
 by "o or m-- 7i7 ,native ,am]icans2    
7ii7 individuals p>ticipat+ 9 !         
,transition ,assi/ance ,program ( !     
,dep>tm5t ( ,def5se2  7iii7 individuals 
:o-- 7,i7 s]v$ on active duty 9 any     
bran* ( ! ,arm$ ,=ces1 includ+ !        
,national ,gu>d & ,res]ves2 &  7,,ii7 7 
dis*>g$ or releas$ f su* s]vice "u      
conditions o!r ?an di%onorable2  7iv7   
=m]ly inc>c]at$ individuals2 or  7v7    
individuals ) a disability2 &  7#h7 o!r 
metrics det]m9$ appropriate by !        
,adm9i/rator4  7j7 ,reports to congress 
,! ,adm9i/rator %all submit to ,congress
 an annual report on ! program "u ?is   
section1 :i* %all include an assessm5t (
 ! effectiv5ess ( ! program1 includ+ an 

assessm5t bas$ on ! metrics li/$ 9      
subsection 7i74  7k7 ,coord9ation ) o!r 
small bus9ess adm9i/ration programs ,!  
,adm9i/rator %all take appropriate      
action to enc\rage eligible entities    
receiv+ a grant "u ?is section to use & 
incorporate o!r programs ( !            
,adm9i/ration1 su* z small bus9ess      
developm5t c5t]s1 small bus9ess inve/m5t
 companies1 loans "u section #g7;a71    
assi/ance "u title ,v ( ! ,small        
,bus9ess ,inve/m5t ,act ( #aieh 7#ae    
,u4,s4,c4 #fie et seq471 & res\rce      
p>tn]s ( ! ,adm9i/ration1 includ+ wom5's
 bus9ess c5t]s & vet]an's bus9ess       
outrea* c5t]s4  7l7 ,coord9ation ) !    
,dep>tm5t ( ,vet]ans ,affairs ,9        
consultation ) ! ,secret>y ( ,vet]an    
,affairs1 ! ,adm9i/rator %all make      
available outrea* mat]ials reg>d+ !     
opportunities = vet]ans )9 ! program "u 
?is section = di/ribution & display at  
local facilities ( ! ,dep>tm5t (        
,vet]ans ,affairs4  7m7 ,li/+ on website
 ,! ,adm9i/rator %all include a li/ (   

eligible entities receiv+ a grant "u ?is
 section on ! website ( ! ,adm9i/ration4
  7n7 ,au?orization ( appropriations    
,!re is au?oriz$ to be appropriat$ to ! 
,adm9i/ration to c>ry out ?is section   
#hj1jjj1jjj = ea* ( fiscal ye>s #bjbg   
?r\gh #bjcf1 to rema9 available until   
exp5d$4  4