[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4366 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4366

To amend the Small Business Act to establish a minority graduate mentor 
                                program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 5, 1994

  Mr. Wynn (for himself, Mr. Engel, and Mr. Foglietta) introduced the 
 following bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to establish a minority graduate mentor 
                                program.

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

SECTION 1. MINORITY GRADUATE MENTOR PROGRAM.

    The Small Business Act (15 U.S.C. 631 et seq.) is amended--
            (1) by redesignating section 28, as added by section 2 of 
        the Women's Business Development Act of 1991 (105 Stat. 1589), 
        as section 29;
            (2) by redesignating section 30 as section 31; and
            (3) by inserting after section 29, as redesignated by 
        paragraph (1), the following:

``SEC. 30. MINORITY GRADUATE MENTOR PROGRAM.

    ``(a) Establishment.--The Administrator shall issue regulations to 
establish a minority graduate mentor program (hereinafter in this 
section referred to as the `program') in accordance with the 
requirements of this section.
    ``(b) Description.--Under the program, a small business concern 
that is a graduate of the small business and capital ownership 
development program established by section (7)(j)(10) (hereinafter in 
this section referred to as a `graduate concern') may serve as a mentor 
to 1 or more small business concerns that are in the developmental 
stage of such small business and capital ownership development program 
(hereinafter in this section referred to as a `developmental stage 
concern').
    ``(c) Eligibility for Contracts.--Notwithstanding any other 
provision of law, a graduate concern that participates as a mentor in 
the program shall be eligible to receive, during the period of such 
participation, any contract awarded under section 8(a) if the graduate 
concern agrees to subcontract not less than 20 percent and not more 
than 49 percent of the value of the contract to 1 or more developmental 
stage concerns for which the graduate concern has agreed to serve as a 
mentor under the program.
    ``(d) Regulations.--Regulations to be issued pursuant to subsection 
(a) shall contain, at a minimum, the following:
            ``(1) Application requirements for participation by 
        graduate concerns and developmental stage concerns in the 
        program.
            ``(2) Criteria to be used by the Administrator in selecting 
        graduate concerns for participation as mentors in the program, 
        including standards for evaluating a graduate concern's 
        bonding, financing, and line of credit.
            ``(3) Procedures for establishing partnerships between 
        graduate concerns and developmental stage concerns under the 
        program, including procedures by which a graduate concern may 
        initiate such a partnership.
            ``(4) A description of the types of assistance that a 
        graduate concern will provide to a developmental stage concern 
        under the program, including the establishment of goals and 
        regular assessments of the achievement of such goals.
            ``(5) Monitoring methods to be used by the Administrator to 
        prevent abuse under the program, including a requirement that 
        all participants in the program submit a financial capability 
        statement to the Administrator at least once every 2 years.
            ``(6) Procedures to permit a graduate concern and a 
        developmental stage concern to terminate their partnership 
        under the program upon the completion of a contract.''.

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