Home > 106th Congressional Bills > H.R. 3843 (ih) To reauthorize programs to assist small business concerns, and for other purposes. [Introduced in House] ...

H.R. 3843 (ih) To reauthorize programs to assist small business concerns, and for other purposes. [Introduced in House] ...


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106th CONGRESS

  2d Session

                               H. R. 3843

_______________________________________________________________________

                                 AN ACT

  To reauthorize programs to assist small business concerns, and for 
                            other purposes.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
106th CONGRESS
  2d Session
                                H. R. 3843

_______________________________________________________________________

                                 AN ACT


 
  To reauthorize programs to assist small business concerns, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Reauthorization Act 
of 2000''.

SEC. 2. REAUTHORIZATION OF SMALL BUSINESS PROGRAMS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended by adding at the end the following:
    ``(g) Fiscal Year 2001.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 2001:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $50,000,000 in technical assistance 
                        grants as provided in section 7(m); and
                            ``(ii) $60,000,000 in direct loans, as 
                        provided in 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $19,200,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $14,500,000,000 in general business 
                        loans as provided in section 7(a);
                            ``(ii) $4,000,000,000 in financings as 
                        provided in section 7(a)(13) of this Act and 
                        section 504 of the Small Business Investment 
                        Act of 1958;
                            ``(iii) $500,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $200,000,000 in loans as provided in 
                        section 7(m).
                    ``(C) For the programs authorized by title III of 
                the Small Business Investment Act of 1958, the 
                Administration is authorized to make--
                            ``(i) $2,500,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $1,500,000,000 in guarantees of 
                        debentures.
                    ``(D) For the programs authorized by part B of 
                title IV of the Small Business Investment Act of 1958, 
                the Administration is authorized to enter into 
                guarantees not to exceed $4,000,000,000 of which not 
                more than $650,000,000 may be in bonds approved 
                pursuant to section 411(a)(3) of that Act.
                    ``(E) The Administration is authorized to make 
                grants or enter cooperative agreements  for a total 
amount of $5,000,000 for the Service Corps of Retired Executives 
program authorized by section 8(b)(1).
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2001--
                            ``(i) $14,000,000 for the direct 
                        administration of the loan programs established 
                        under sections 7(a) and 7(m) of this Act and 
                        under title V of the Small Business Investment 
                        Act of 1958; and
                            ``(ii) $10,000,000 for the salaries and 
                        expenses of the Investment Division established 
                        in title II of the Small Business Investment 
                        Act of 1958.
                    ``(B) There are authorized to be appropriated to 
                the Administration for fiscal year 2001 such sums as 
                may be necessary to carry out the provisions of this 
                Act not elsewhere provided for, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out title IV of the Small Business Investment Act of 
                1958, including salaries and expenses of the 
                Administration.
                    ``(C) Notwithstanding any other provision of this 
                paragraph, for fiscal year 2001--
                            ``(i) no funds are authorized to be used as 
                        loan capital for the loan program authorized by 
                        section 7(a)(21) except by transfer from 
                        another Federal department or agency to the 
                        Administration, unless the program level 
                        authorized for general business loans under 
                        paragraph (1)(B)(i) is fully funded; and
                            ``(ii) the Administration may not approve 
                        loans on its own behalf or on behalf of any 
                        other Federal department or agency, by contract 
                        or otherwise, under terms and conditions other 
                        than those specifically authorized under this 
                        Act or the Small Business Investment Act of 
                        1958, except that it may approve loans under 
                        section 7(a)(21) of this Act in gross amounts 
                        of not more than $1,250,000.
    ``(h) Fiscal Year 2002.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 2002:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $70,000,000 in technical assistance 
                        grants as provided in section 7(m); and
                            ``(ii) $80,000,000 in direct loans, as 
                        provided in 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $20,250,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $15,000,000,000 in general business 
                        loans as provided in section 7(a);
                            ``(ii) $4,500,000,000 in financings as 
                        provided in section 7(a)(13) of this Act and 
                        section 504 of the Small Business Investment 
                        Act of 1958;
                            ``(iii) $500,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $250,000,000 in loans as provided in 
                        section 7(m).
                    ``(C) For the programs authorized by title III of 
                the Small Business Investment Act of 1958, the 
                Administration is authorized to make--
                            ``(i) $3,500,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $2,500,000,000 in guarantees of 
                        debentures.
                    ``(D) For the programs authorized by part B of 
                title IV of the Small Business Investment Act of 1958, 
                the Administration is authorized to enter into 
                guarantees not to exceed $5,000,000,000 of which not 
                more than $650,000,000 may be in bonds approved 
                pursuant to section 411(a)(3) of that Act.
                    ``(E) The Administration is authorized to make 
                grants or enter cooperative agreements for a total 
                amount of $6,000,000 for the Service Corps of Retired 
                Executives program authorized by section 8(b)(1).
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2002--
                            ``(i) $16,000,000 for the direct 
                        administration of the loan programs established 
                        under sections 7(a) and 7(m) of this Act and 
under title V of the Small Business Investment Act of 1958; and
                            ``(ii) $11,000,000 for the salaries and 
                        expenses of the Investment Division established 
                        in title II of the Small Business Investment 
                        Act of 1958.
                    ``(B) There are authorized to be appropriated to 
                the Administration for fiscal year 2002 such sums as 
                may be necessary to carry out the provisions of this 
                Act not elsewhere provided for, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out title IV of the Small Business Investment Act of 
                1958, including salaries and expenses of the 
                Administration.
                    ``(C) Notwithstanding any other provision of this 
                paragraph, for fiscal year 2002--
                            ``(i) no funds are authorized to be used as 
                        loan capital for the loan program authorized by 
                        section 7(a)(21) except by transfer from 
                        another Federal department or agency to the 
                        Administration, unless the program level 
                        authorized for general business loans under 
                        paragraph (1)(B)(i) is fully funded; and
                            ``(ii) the Administration may not approve 
                        loans on its own behalf or on behalf of any 
                        other Federal department or agency, by contract 
                        or otherwise, under terms and conditions other 
                        than those specifically authorized under this 
                        Act or the Small Business Investment Act of 
                        1958, except that it may approve loans under 
                        section 7(a)(21) of this Act in gross amounts 
                        of not more than $1,250,000.
    ``(i) Fiscal Year 2003.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 2003:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $90,000,000 in technical assistance 
                        grants as provided in section 7(m); and
                            ``(ii) $100,000,000 in direct loans, as 
                        provided in 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $21,800,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $16,000,000,000 in general business 
                        loans as provided in section 7(a);
                            ``(ii) $5,000,000,000 in financings as 
                        provided in section 7(a)(13) of this Act and 
                        section 504 of the Small Business Investment 
                        Act of 1958;
                            ``(iii) $500,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $300,000,000 in loans as provided in 
                        section 7(m).
                    ``(C) For the programs authorized by title III of 
                the Small Business Investment Act of 1958, the 
                Administration is authorized to make--
                            ``(i) $4,000,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $3,000,000,000 in guarantees of 
                        debentures.
                    ``(D) For the programs authorized by part B of 
                title IV of the Small Business Investment Act of 1958, 
                the Administration is authorized to enter into 
                guarantees not to exceed $6,000,000,000 of which not 
                more than $650,000,000 may be in bonds approved 
pursuant to section 411(a)(3) of that Act.
                    ``(E) The Administration is authorized to make 
                grants or enter into cooperative agreements for a total 
                amount of $7,000,000 for the Service Corps of Retired 
                Executives program authorized by section 8(b)(1).
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2003--
                            ``(i) $17,000,000 for the direct 
                        administration of the loan programs established 
                        under sections 7(a) and 7(m) of this Act and 
                        under title V of the Small Business Investment 
                        Act of 1958; and
                            ``(ii) $12,000,000 for the salaries and 
                        expenses of the Investment Division established 
                        in title II of the Small Business Investment 
                        Act of 1958.
                    ``(B) There are authorized to be appropriated to 
                the Administration for fiscal year 2003 such sums as 
                may be necessary to carry out the provisions of this 
                Act not elsewhere provided for, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out title IV of the Small Business Investment Act of 
                1958, including salaries and expenses of the 
                Administration.
                    ``(C) Notwithstanding any other provision of this 
                paragraph, for fiscal year 2003--
                            ``(i) no funds are authorized to be used as 
                        loan capital for the loan program authorized by 
                        section 7(a)(21) except by transfer from 
                        another Federal department or agency to the 
                        Administration, unless the program level 
                        authorized for general business loans under 
                        paragraph (1)(B)(i) is fully funded; and
                            ``(ii) the Administration may not approve 
                        loans on its own behalf or on behalf of any 
                        other Federal department or agency, by contract 
                        or otherwise, under terms and conditions other 
                        than those specifically authorized under this 
                        Act or the Small Business Investment Act of 
                        1958, except that it may approve loans under 

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