3.0.0 2474 2023-01-11T13:24:47Z 2023-01-11T13:24:47Z House H HR 2013-06-20 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RICHMOND:H.R. 2474.Congress has the power to enact this legislation pursuantto the following:The Constitutional authority for this bill stems fromArticle 1, Section 8, Clause 3 of the United StatesConstitution.[Page H3990]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2013-07-08T20:56:58Z Referred to 2013-06-20T13:03:45Z hssm00 Small Business Committee House Standing Referred to 2013-06-20T13:03:40Z hsba00 Financial Services Committee House Standing Referred to 2013-06-20T13:03:35Z 2013-07-08 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2013-06-20 Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2013-06-20 Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2013-06-20 Referred to the Committee on Financial Services, and in addition to the Committees on Small Business, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-06-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-20 Introduced in House IntroReferral 1000 9 Library of Congress R000588 Rep. Richmond, Cedric L. [D-LA-2] Cedric Richmond D LA L. 2 N B000911 Rep. Brown, Corrine [D-FL-5] CORRINE BROWN D FL 5 2013-06-20 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2013-06-20 True P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2013-06-20 True C001097 Rep. Cárdenas, Tony [D-CA-29] Tony Cárdenas D CA 29 2013-06-20 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2013-06-20 True C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2013-06-20 True E000292 Rep. Enyart, William L. [D-IL-12] William Enyart D IL L. 12 2013-06-20 True T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2013-06-20 True C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2013-06-20 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2013-06-20 True L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2013-06-20 True C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2013-06-20 True M001171 Rep. Maffei, Daniel B. [D-NY-24] Daniel Maffei D NY B. 24 2013-08-02 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2013-08-02 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2013-08-02 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2013-08-02 False Commerce Business investment and capital Congressional oversight Credit and credit markets Economic performance and conditions Education programs funding Elementary and secondary education Employment and training programs Executive agency funding and structure Government information and archives Government lending and loan guarantees Government studies and investigations Government trust funds Higher education Housing and community development funding Marketing and advertising Minority and disadvantaged businesses Public-private cooperation Small Business Administration Small business Student aid and college costs Teaching, teachers, curricula Commerce 00 2013-06-20 Introduced in House 2013-09-17T22:00:12Z Community Lending and Small Business Jobs Act of 2013 - Small Business Lending to Entrepreneurs for Growth in Underserved Populations Act of 2013 or the Small Business Leg-Up Act of 2013 - Requires, upon the expiration of investment authority for the Small Business Lending Fund Program provided in the Small Business Jobs Act of 2010, that all unobligated funds in the Small Business Lending Fund be transferred to the Community Development Financial Institutions (CDFI) Fund. Directs that all funds received in connection with certain purchases of preferred stock and other financial instruments pursuant to such authority be transferred to the CDFI Fund.

Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to direct the Administrator of the CDFI Fund to carry out a Small Business Capital Investment (SBCI) Program (a small business revolving loan program) to continue making capital investments in eligible community development financial institutions in order to increase the availability of credit for small businesses.

Requires that: (1) all funds the CDFI Fund Administrator receives in connection with SBCI Program purchases be deposited in the CDFI Fund, and (2) the authority to make such capital investments continue so long as specified funding amounts are available.

Allows eligible community development financial institutions (with maximum assets of $10 billion as reported in audited financial statements) to apply to receive a capital investment of up to 10% of total assets, or another appropriate percentage determined by the CDFI Fund Administrator.

Directs the CDFI Fund Administrator, to the extent practicable and except as otherwise provided, to carry out the SBCI Program in the same manner as the Small Business Lending Fund Program.

Microenterprise and Youth Entrepreneurship Development Act of 2013 - Expands the definition of "disadvantaged entrepreneur," for purposes of the microenterprise technical assistance and capacity building grant program, to include a microentrepreneur operating or intending to operate a business in an investment area.

Increases to 60% (currently, 50%) the minimum percentage of such grants required to be used to benefit very low-income persons, including those residing on Indian reservations.

Requires the Administrator of the Small Business Administration (SBA) to consider the impact of the 2007-2009 economic crisis on an applicant's geographic area when deciding whether to reduce or eliminate matching requirements for applicants with severe constraints on available funding sources.

Directs the SBA Administrator to establish an SBA Microenterprise Coordinator position.

Requires the SBA Administrator to establish an Office of Youth Entrepreneurship and appoint a Director to carry out: (1) the youth entrepreneur technical assistance grant program to make grants to assist entities, including nonprofit microenterprise development organizations, to provide individuals under 25 years of age with technical assistance related to entrepreneurship; and (2) the youth entrepreneurship curriculum grant program to make grants to applying local educational agencies of states and federally recognized Indian tribes.

]]> Community Lending and Small Business Jobs Act of 2013 Display Title Community Lending and Small Business Jobs Act of 2013 Official Title as Introduced To transfer funds to the Community Development Financial Institutions Fund to increase the availability of credit for small businesses, to improve the microenterprise technical assistance and capacity building grant program, to establish an Office of Youth Entrepreneurship in the Small Business Administration, and for other purposes. Introduced in House IH Short Titles as Introduced Community Lending and Small Business Jobs Act of 2013 Short Titles as Introduced for portions of this bill Small Business Leg-Up Act of 2013 Short Titles as Introduced for portions of this bill Small Business Lending to Entrepreneurs for Growth in Underserved Populations Act of 2013 Short Titles as Introduced for portions of this bill Microenterprise and Youth Entrepreneurship Development Act of 2013 Introduced in House 2013-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2474ih/xml/BILLS-113hr2474ih.xml 2013-07-08 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.