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Union Calendar No. 291
106th CONGRESS
2d Session
H. R. 3843
[Report No. 106-522]
To reauthorize programs to assist small business concerns, and for
other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 8, 2000
Mr. Talent (for himself, Ms. Velazquez, Mrs. Kelly, Mr. Davis of
Illinois, Mr. Hill of Montana, Mr. Pascrell, Mr. Sweeney, Mrs. McCarthy
of New York, Mrs. Bono, Mr. Hinojosa, Mr. English, Mrs. Christensen,
Mr. Brady of Pennsylvania, Mr. Moore, Mrs. Napolitano, Mrs. Jones of
Ohio, Mr. Baird, and Mr. Phelps) introduced the following bill; which
was referred to the Committee on Small Business
March 14, 2000
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
_______________________________________________________________________
A BILL
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
section 7(a)(21) of this Act in gross amounts
of not more than $1,250,000.''.
SEC. 3. ADDITIONAL REAUTHORIZATIONS.
(a) Small Business Development Centers Program.--Section
21(a)(4)(C)(iii)(III) of the Small Business Act (15 U.S.C.
648(a)(4)(C)(iii)(III)) is amended by striking ``$95,000,000'' and
inserting ``$125,000,000''.
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