[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1139 Engrossed in Senate (ES)]

  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
105th CONGRESS
  1st Session
                                S. 1139

_______________________________________________________________________

                                 AN ACT


 
 To reauthorize the programs of the Small Business Administration, 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; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Small Business 
Reauthorization Act of 1997''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Effective date.
                        TITLE I--AUTHORIZATIONS

Sec. 101. Authorizations.
                     TITLE II--FINANCIAL ASSISTANCE

                     Subtitle A--Microloan Program

Sec. 201. Microloan program.
Sec. 202. Welfare-to-work microloan pilot program.
         Subtitle B--Small Business Investment Company Program

Sec. 211. 5-year commitments for SBICs at option of Administrator.
Sec. 212. Fees.
Sec. 213. Small business investment company program reform.
Sec. 214. Examination fees.
           Subtitle C--Certified Development Company Program

Sec. 221. Loans for plant acquisition, construction, conversion, and 
                            expansion.
Sec. 222. Development company debentures.
Sec. 223. Premier certified lenders program.
                TITLE III--WOMEN'S BUSINESS ENTERPRISES

Sec. 301. Interagency committee participation.
Sec. 302. Reports.
Sec. 303. Council duties.
Sec. 304. Council membership.
Sec. 305. Authorization of appropriations.
Sec. 306. Women's business centers.
Sec. 307. Office of women's business ownership.
Sec. 308. National Women's Business Council procurement project.
    TITLE IV--COMPETITIVENESS PROGRAM AND PROCUREMENT OPPORTUNITIES

           Subtitle A--Small Business Competitiveness Program

Sec. 401. Program term.
Sec. 402. Monitoring agency performance.
Sec. 403. Reports to Congress.
Sec. 404. Small business participation in dredging.
      Subtitle B--Small Business Procurement Opportunities Program

Sec. 411. Contract bundling.
Sec. 412. Definition of contract bundling.
Sec. 413. Assessing proposed contract bundling.
Sec. 414. Reporting of bundled contract opportunities.
Sec. 415. Evaluating subcontract participation in awarding contracts.
Sec. 416. Improved notice of subcontracting opportunities.
Sec. 417. Deadlines for issuance of regulations.
                   TITLE V--MISCELLANEOUS PROVISIONS

Sec. 501. Small business technology transfer program.
Sec. 502. Small business development centers.
Sec. 503. Pilot preferred surety bond guarantee program extension.
Sec. 504. Extension of cosponsorship authority.
Sec. 505. Asset sales.
Sec. 506. Small business export promotion.
Sec. 507. Defense Loan and Technical Assistance program.
                       TITLE VI--HUBZONE PROGRAM

Sec. 601. Short title.
Sec. 602. Historically underutilized business zones.
Sec. 603. Technical and conforming amendments to the Small Business 
                            Act.
Sec. 604. Other technical and conforming amendments.
Sec. 605. Regulations.
Sec. 606. Report.
Sec. 607. Authorization of appropriations.

SEC. 2. EFFECTIVE DATE.

    This Act and the amendments made by this Act shall take effect on 
October 1, 1997.

                        TITLE I--AUTHORIZATIONS

SEC. 101. AUTHORIZATIONS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended by striking subsections (c) through (q) and inserting the 
following:
    ``(c) Fiscal Year 1998.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 1998:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $28,000,000 in technical assistance 
                        grants, as provided in section 7(m); and
                            ``(ii) $60,000,000 in loans, as provided in 
                        section 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $17,040,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $13,000,000,000 in general business 
                        loans as provided in section 7(a);
                            ``(ii) $3,000,000,000 in financings as 
                        provided in section 7(a)(13) of this Act and 
                        section 504 of the Small Business Investment 
                        Act of 1958;
                            ``(iii) $1,000,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $40,000,000 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) $600,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $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 $2,000,000,000, 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--
                            ``(i) for the Service Corps of Retired 
                        Executives program authorized by section 
                        8(b)(1), $4,000,000; and
                            ``(ii) for activities of small business 
                        development centers pursuant to section 
                        21(c)(3)(G), $15,000,000, to remain available 
                        until expended.
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 1998 such sums as 
                may be necessary to carry out this Act, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out the Small Business Investment Act of 1958, 
                including salaries and expenses of the Administration.
                    ``(B) Notwithstanding subparagraph (A), for fiscal 
                year 1998--
                            ``(i) no funds are authorized to be 
                        provided to carry out 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 subsection (l)(2)(A) is fully 
                        funded; and
                            ``(ii) the Administration may not approve 
                        loans on behalf of the Administration or on 
                        behalf of any other 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.
    ``(d) Fiscal Year 1999.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 1999:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $28,000,000 in technical assistance 
                        grants as provided in section 7(m); and
                            ``(ii) $60,000,000 in loans, as provided in 
                        section 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $18,540,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $14,000,000,000 in general business 
                        loans as provided in section 7(a);
                            ``(ii) $3,500,000,000 in financings as 
                        provided in section 7(a)(13) of this Act and 
                        section 504 of the Small Business Investment 
                        Act of 1958;
                            ``(iii) $1,000,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $40,000,000 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) $700,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $650,000,000 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 $2,000,000,000, 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--
                            ``(i) for the Service Corps of Retired 
                        Executives program authorized by section 
                        8(b)(1), $4,500,000; and
                            ``(ii) for activities of small business 
                        development centers pursuant to section 
                        21(c)(3)(G), not to exceed $15,000,000, to 
                        remain available until expended.
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 1999 such sums as 
                may be necessary to carry out this Act, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out the Small Business Investment Act of 1958, 
                including salaries and expenses of the Administration.
                    ``(B) Notwithstanding subparagraph (A), for fiscal 
                year 1999--
                            ``(i) no funds are authorized to be 
                        provided to carry out 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 subsection (n)(2)(A) is fully 
                        funded; and
                            ``(ii) the Administration may not approve 
                        loans on behalf of the Administration or on 
                        behalf of any other 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.
    ``(e) Fiscal Year 2000.--
            ``(1) Program levels.--The following program levels are 
        authorized for fiscal year 2000:
                    ``(A) For the programs authorized by this Act, the 
                Administration is authorized to make--
                            ``(i) $28,000,000 in technical assistance 
                        grants as provided in section 7(m); and
                            ``(ii) $60,000,000 in direct loans, as 
                        provided in section 7(m).
                    ``(B) For the programs authorized by this Act, the 
                Administration is authorized to make $21,040,000,000 in 
                deferred participation loans and other financings. Of 
                such sum, the Administration is authorized to make--
                            ``(i) $15,500,000,000 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) $1,000,000,000 in loans as provided 
                        in section 7(a)(21); and
                            ``(iv) $40,000,000 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) $850,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $700,000,000 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 $2,000,000,000, 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--
                            ``(i) for the Service Corps of Retired 
                        Executives program authorized by section 
                        8(b)(1), $5,000,000; and
                            ``(ii) for activities of small business 
                        development centers pursuant to section 
                        21(c)(3)(G), not to exceed $15,000,000, to 
                        remain available until expended.
            ``(2) Additional authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2000 such sums as 
                may be necessary to carry out this Act, including 
                administrative expenses and necessary loan capital for 
                disaster loans pursuant to section 7(b), and to carry 
                out the Small Business Investment Act of 1958, 
                including salaries and expenses of the Administration.
                    ``(B) Notwithstanding subparagraph (A), for fiscal 
                year 2000--
                            ``(i) no funds are authorized to be 
                        provided to carry out 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 subsection (p)(2)(A) is fully 
                        funded; and
                            ``(ii) the Administration may not approve 
                        loans on behalf of the Administration or on 
                        behalf of any other 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.''.

                     TITLE II--FINANCIAL ASSISTANCE

                     Subtitle A--Microloan Program

SEC. 201. MICROLOAN PROGRAM.

    (a) Loan Limits.--Section 7(m)(3)(C) of the Small Business Act (15 
U.S.C. 636(m)(3)(C)) is amended by striking ``$2,500,000'' and 
inserting ``$3,500,000''.
    (b) Loan Loss Reserve Fund.--Section 7(m)(3)(D) of the Small 
Business Act (15 U.S.C. 636(m)(3)(D)) is amended by striking clauses 
(i) and (ii), and inserting the following:
                            ``(i) during the initial 5 years of the 
                        intermediary's participation in the program 
                        under this subsection, at a level equal to not 
                        more than 15 percent of the outstanding balance 
                        of the notes receivable owed to the 
                        intermediary; and
                            ``(ii) in each year of participation 
                        thereafter, at a level equal to not more than 
                        the greater of--
                                    ``(I) 2 times an amount reflecting 
                                the total losses of the intermediary as 
                                a result of participation in the 
                                program under this subsection, as 
                                determined by the Administrator on a 
                                case-by-case basis; or
                                    ``(II) 10 percent of the 
                                outstanding balance of the notes 
                                receivable owed to the intermediary.''.
    (c) Authorization of Appropriations.--Section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)) is amended--
            (1) in the subsection heading, by striking 
        ``Demonstration'';
            (2) by striking ``Demonstration'' each place that term 
        appears;
            (3) by striking ``demonstration'' each place that term 
        appears; and
            (4) in paragraph (12), by striking ``during fiscal years 
        1995 through 1997'' and inserting ``during fiscal years 1998 
        through 2000''.
    (d) Technical Assistance Grants.--Section 7(m)(4)(E) of the Small 
Business Act (15 U.S.C. 636(m)(4)(E)) is amended--
            (1) by inserting ``(i)'' before ``Each intermediary'';
            (2) by striking ``15'' and inserting ``25'';
            (3) by adding at the end of the paragraph ``(ii) The 
        intermediary may expend up to 25 percent of the funds received 
        under paragraph (1)(B)(ii) to enter into third party contracts 
        for the provision of technical assistance''.

SEC. 202. WELFARE-TO-WORK MICROLOAN PILOT PROGRAM.

    (a) Program Establishment.--Section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)) is amended--
            (1) in paragraph (1)(A)--
                    (A) in clause (ii), by striking ``and'' at the end;
                    (B) in clause (iii), by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
                            ``(iv) to establish a welfare-to-work 
                        microloan pilot program, which shall be 
                        administered by the Administration, in order 
                        to--
                                    ``(I) test the feasibility of 
                                supplementing the technical assistance 
                                grants provided under clauses (ii) and 
                                (iii) of subparagraph (B) to 
                                individuals who are receiving 
                                assistance under the State program 
                                funded under part A of title IV of the 
                                Social Security Act (42 U.S.C. 601 et 
                                seq.), or under any comparable State-
                                funded means-tested program of 
                                assistance for low-income individuals, 
                                in order to adequately assist those 
                                individuals in--
                                            ``(aa) establishing small 
                                        businesses; and
                                            ``(bb) eliminating their 
                                        dependence on that assistance;
                                    ``(II) permit the grants described 
                                in subclause (I) to be used to provide 
                                intensive management, marketing and 
                                technical assistance as well as to pay 
                                or reimburse a portion of child care 
                                and transportation costs of individuals 
                                described in subclause (I) who become 
                                microborrowers;
                                    ``(III) eliminate barriers to 
                                microborrowers in establishing child 
                                care businesses; and
                                    ``(IV) evaluate the effectiveness 
                                of assistance provided under this 
                                clause in helping individuals described 
                                in subclause (I) to eliminate their 
                                dependence on assistance described in 
                                that subclause and become employed in 
                                their own business;'';
            (2) in paragraph (4), by adding at the end the following:
                    ``(F) Supplemental grants.--
                            ``(i) In general.--In addition to grants 
                        under subparagraphs (A) and (C) and paragraph 
                        (5), the Administration may select from 
                        participating intermediaries and recipients of 
                        grants under paragraph (5), not more than 20 
                        entities in fiscal year 1998, 25 entities in 
                        fiscal year 1999, and 30 entities in fiscal 
                        year 2000, each of whom may receive annually a 
                        supplemental grant in an amount not to exceed 
                        $200,000 for the purpose of providing 
                        additional technical assistance and related 
                        services to borrowers who are receiving 
                        assistance described in paragraph (1)(A)(iv)(I) 
                        at the time they initially apply for assistance 
                        under the program.
                            ``(ii) Inapplicability of contribution 
                        requirements.--The contribution requirements of 
                        subparagraphs (B) and (C)(i)(II) do not apply 
                        to any grant made under this subparagraph.
                            ``(iii) Child care and transportation 
                        costs.--Any grant made under this subparagraph 
                        may be used to pay or reimburse a portion of 
                        the costs of child care and transportation 
                        incurred by a borrower under the welfare-to-
                        work microloan pilot program under paragraph 
                        (1)(A)(iv).'';
            (3) in paragraph (6), by adding at the end the following:
                    ``(E) Establishment of child care establishments.--
                In addition to other eligible small business concerns, 
                borrowers under any program under this subsection may 
                include individuals who will use the loan proceeds to 
                establish for-profit or nonprofit child care 
                establishments.'';
            (4) in paragraph (9)--
                    (A) by striking the paragraph designation and 
                paragraph heading and inserting the following:
            ``(9) Grants for management, marketing, technical 
        assistance, and related services.--''; and
                    (B) by adding at the end the following:
                    ``(C) Welfare-to-work microloan pilot program.--Of 
                amounts made available to carry out the welfare-to-work 
                microloan pilot program under paragraph (1)(A)(iv) in 
                any fiscal year, the Administration may use not more 
                than 5 percent to provide technical assistance, either 
                directly or through contractors, to welfare-to-work 
                microloan pilot program grantees, to ensure that, as 
                grantees, they have the knowledge, skills, and 
                understanding of microlending and welfare-to-work 
                transition, and other related issues, to operate a 
                successful welfare-to-work microloan pilot program.''; 
                and
            (5) by adding at the end the following:
            ``(13) Evaluation of welfare-to-work microloan pilot 
        program.--On January 31, 1999, and annually thereafter, the 
        Administration shall submit to the Committees on Small Business 
        of the House of Representatives and the Senate a report on the 
        welfare-to-work microloan pilot program authorized under 
        paragraph (1)(A)(iv), which report shall include, with respect 
        to the preceding fiscal year, an analysis of the progress and 
        effectiveness of the program during that fiscal year, and data 
        relating to--
                    ``(A) the number and location of each grantee under 
                the program;
                    ``(B) the amount of each grant;
                    ``(C) the number of individuals who received 
                assistance under each grant, including separate data 
                relating to--
                            ``(i) the number of individuals who 
                        received training;
                            ``(ii) the number of individuals who 
                        received transportation assistance; and
                            ``(iii) the number of individuals who 
                        received child care assistance (including the 
                        number of children assisted);
                    ``(D) the type and amount of loan and grant 
                assistance received by borrowers under the program;
                    ``(E) the number of businesses that were started 
                with assistance provided under the program that are 
                operational and the number of jobs created by each 
                business;
                    ``(F) the number of individuals receiving training 
                under the program who, after receiving assistance under 
                the program--
                            ``(i) are employed in their own businesses; 
                        and
                            ``(ii) are not receiving public assistance 
                        for themselves or their children;
                    ``(G) whether and to what extent each grant was 
                used to defray the transportation and child care costs 
                of borrowers; and
                    ``(H) any recommendations for legislative changes 
                to improve program operations.''.
    (c) Authorization of Appropriations.--There are authorized to be 
appropriated to carry out the welfare-to-work microloan pilot program 
under section 7(m)(1)(A)(iv) of the Small Business Act (as added by 
this section)--
            (1) $3,000,000 for fiscal year 1998;
            (2) $4,000,000 for fiscal year 1999; and
            (3) $5,000,000 for fiscal year 2000.

         Subtitle B--Small Business Investment Company Program

SEC. 211. 5-YEAR COMMITMENTS FOR SBICS AT OPTION OF ADMINISTRATOR.

    Section 20(a)(2) of the Small Business Act (15 U.S.C. 631 note) is 
amended in the last sentence by striking ``the following fiscal year'' 
and inserting ``any 1 or more of the 4 subsequent fiscal years''.

SEC. 212. FEES.

    Section 301 of the Small Business Investment Act of 1958 (15 U.S.C. 
681) is amended by adding the following:
    ``(e) Fees.--
            ``(1) In general.--The Administration may prescribe fees to 
        be paid by each applicant for a license to operate as a small 
        business investment company under this Act.
            ``(2) Use of amounts.--Amounts collected pursuant to this 
        subsection shall be--
                    ``(A) deposited in the account for salaries and 
                expenses of the Administration; and
                    ``(B) available without further appropriation 
                solely to cover contracting and other administrative 
                costs related to licensing.''.

SEC. 213. SMALL BUSINESS INVESTMENT COMPANY PROGRAM REFORM.

    (a) Bank Investments.--Section 302(b) of the Small Business 
Investment Act of 1958 (15 U.S.C. 682(b)) is amended by striking 
``1956,'' and all that follows before the period and inserting the 
following: ``1956, any national bank, or any member bank of the Federal 
Reserve System or nonmember insured bank to the extent permitted under 
applicable State law, may invest in any 1 or more small business 
investment companies, or in any entity established to invest solely in 
small business investment companies, except that in no event shall the 
total amount of such investments of any such bank exceed 5 percent of 
the capital and surplus of the bank''.
    (b) Indexing for Leverage.--Section 303 of the Small Business 
Investment Act of 1958 (15 U.S.C. 683) is amended--
            (1) in subsection (b)--
                    (A) in paragraph (2), by adding at the end the 
                following:
                    ``(D)(i) The dollar amounts in subparagraphs (A), 
                (B), and (C) shall be adjusted annually to reflect 
                increases in the Consumer Price Index established by 
                the Bureau of Labor Statistics of the Department of 
                Labor.
                    ``(ii) The initial adjustments made under this 
                subparagraph after the date of enactment of the Small 
                Business Reauthorization Act of 1997 shall reflect only 
                increases from March 31, 1993.''; and
                    (B) by striking paragraph (4) and inserting the 
                following:
            ``(4) Maximum aggregate amount of leverage.--
                    ``(A) In general.--Except as provided in 
                subparagraph (B), the aggregate amount of outstanding 
                leverage issued to any company or companies that are 
                commonly controlled (as determined by the 
                Administrator) may not exceed $90,000,000, as adjusted 
                annually for increases in the Consumer Price Index.
                    ``(B) Exceptions.--The Administrator may, on a 
                case-by-case basis--
                            ``(i) approve an amount of leverage that 
                        exceeds the amount described in subparagraph 
                        (A) for companies under common control; and
                            ``(ii) impose such additional terms and 
                        conditions as the Administrator determines to 
                        be appropriate to minimize the risk of loss to 
                        the Administration in the event of default.
                    ``(C) Applicability of other provisions.--Any 
                leverage that is issued to a company or companies 
                commonly controlled in an amount that exceeds 
                $90,000,000, whether as a result of an increase in the 
                Consumer Price Index or a decision of the 
                Administrator, is subject to subsection (d).''; and
            (2) by striking subsection (d) and inserting the following:
    ``(d) Required Certifications.--
            ``(1) In general.--The Administrator shall require each 
        licensee, as a condition of approval of an application for 
        leverage, to certify in writing--
                    ``(A) for licensees with leverage less than or 
                equal to $90,000,000, that not less than 20 percent of 
                the licensee's aggregate dollar amount of financings 
                will be provided to smaller enterprises; and
                    ``(B) for licensees with leverage in excess of 
                $90,000,000, that, in addition to satisfying the 
                requirements of subparagraph (A), 100 percent of the 
                licensee's aggregate dollar amount of financings made 
                in whole or in part with leverage in excess of 
                $90,000,000 will be provided to smaller enterprises as 
                defined in section 103(12).
            ``(2) Multiple licensees.--Multiple licensees under common 
        control (as determined by the Administrator) shall be 
        considered to be a single licensee for purposes of determining 
        both the applicability of and compliance with the investment 
        percentage requirements of this subsection.''.
    (c) Tax Distributions.--Section 303(g)(8) of the Small Business 
Investment Act of 1958 (15 U.S.C. 683(g)(8)) is amended by adding at 
the end the following: ``A company may also elect to make a 
distribution under this paragraph at the end of any calendar quarter 
based on a quarterly estimate of the maximum tax liability. If a 
company makes 1 or more quarterly distributions for a calendar year, 
and the aggregate amount of those distributions exceeds the maximum 
amount that the company could have distributed based on a single annual 
computation, any subsequent distribution by the company under this 
paragraph shall be reduced by an amount equal to the excess amount 
distributed.''.
    (d) Leverage Fee.--Section 303(i) of the Small Business Investment 
Act of 1958 (15 U.S.C. 683(i)) is amended by striking ``, payable 
upon'' and all that follows before the period and inserting the 
following: ``in the following manner: 1 percent upon the date on which 
the Administration enters into any commitment for such leverage with 
the licensee, and the balance of 2 percent (or 3 percent if no 
commitment has been entered into by the Administration) on the date on 
which the leverage is drawn by the licensee''.
    (e) Periodic Issuance of Guarantees and Trust Certificates.--
Section 320 of the Small Business Investment Act of 1958 (15 U.S.C. 
687m) is amended by striking ``three months'' and inserting ``6 
months''.

SEC. 214. EXAMINATION FEES.

    Section 310(b) of the Small Business Investment Act of 1958 (15 
U.S.C. 687b(b)) is amended by inserting after the first sentence the 
following: ``Fees collected under this subsection shall be deposited in 
the account for salaries and expenses of the Administration, and shall 
be available without further appropriation solely to cover the costs of 
examinations and other program oversight activities.''.

           Subtitle C--Certified Development Company Program

SEC. 221. LOANS FOR PLANT ACQUISITION, CONSTRUCTION, CONVERSION, AND 
              EXPANSION.

    Section 502 of the Small Business Investment Act of 1958 (15 U.S.C. 
696) is amended--
            (1) by striking paragraph (1) and inserting the following:
            ``(1) The proceeds of any such loan shall be used solely by 
        the borrower to assist 1 or more identifiable small business 
        concerns and for a sound business purpose approved by the 
        Administration.'';
            (2) in paragraph (3), by adding at the end the following:
                    ``(D) Seller financing.--Seller-provided financing 
                may be used to meet the requirements of subparagraph 
                (B), if the seller subordinates the interest of the 
                seller in the property to the debenture guaranteed by 
                the Administration.
                    ``(E) Collateral requirements.--Adequacy of 
                collateral provided by the small business shall be one 
                factor evaluated in the credit determination. 
                Collateral provided by the small business concern 
                generally will include a subordinate lien position on 
                the property being financed, and additional collateral 
                may be required in a case-by-case basis, as determined 
                by the Administration.''; and
            (3) by adding at the end the following:
            ``(5) Except as provided in paragraph (4), not to exceed 25 
        percent of the project may be leased by the assisted small 
        business, if--
                    ``(A) the assisted small business is required to 
                occupy permanently and use not less than 75 percent of 
                the space in the project after the execution of any 
                leases authorized in this paragraph; and
                    ``(B) each tenant is engaged a business that 
                enhances the operations of the assisted small 
                business.''.

SEC. 222. DEVELOPMENT COMPANY DEBENTURES.

    Section 503 of the Small Business Investment Act of 1958 (15 U.S.C. 
697) is amended--
            (1) in subsection (b)(7), by striking subparagraph (A) and 
        inserting the following:
                    ``(A) assesses and collects a fee, which shall be 
                payable by the borrower, in an amount established 
                annually by the Administration, which amount shall not 
                exceed the lesser of--
                            ``(i) 0.9375 percent per year of the 
                        outstanding balance of the loan; and
                            ``(ii) the minimum amount necessary to 
                        reduce the cost (as that term is defined in 
                        section 502 of the Federal Credit Reform Act of 
                        1990) to the Administration of purchasing and 
                        guaranteeing debentures under this Act to zero; 
                        and''; and
            (2) in subsection (f), by striking ``1997'' and inserting 
        ``2000''.

SEC. 223. PREMIER CERTIFIED LENDERS PROGRAM.

    (a) In General.--Section 508 of the Small Business Investment Act 
of 1958 (15 U.S.C. 697e) is amended--
            (1) in subsection (a), by striking ``not more than 15'';
            (2) in subsection (b)(2), by striking subparagraphs (A) and 
        (B) and inserting the following:
                    ``(A) is an active certified development company in 
                good standing and has been an active participant in the 
                accredited lenders program during the entire 12-month 
                period preceding the date on which the company submits 
                an application under paragraph (1), except that the 
                Administration may waive this requirement if the 
                company is qualified to participate in the accredited 
                lenders program;
                    ``(B) has a history of--
                            ``(i) submitting to the Administration 
                        adequately analyzed debenture guarantee 
                        application packages; and
                            ``(ii) of properly closing section 504 
                        loans and servicing its loan portfolio; and'';
            (3) by striking subsection (c) and inserting the following:
    ``(c) Loss Reserve.--
            ``(1) Establishment.--A company designated as a premier 
        certified lender shall establish a loss reserve for financing 
        approved pursuant to this section.
            ``(2) Amount.--The amount of the loss reserve shall be 
        based upon the greater of--
                    ``(A) the historic loss rate on debentures issued 
                by such company; or
                    ``(B) 10 percent of the amount of the company's 
                exposure as determined under subsection (b)(2)(C).
            ``(3) Assets.--The loss reserve shall be comprised of any 
        combination of the following types of assets:
                    ``(A) segregated funds on deposit in an account or 
                accounts with a federally insured depository 
                institution or institutions selected by the company, 
                subject to a collateral assignment in favor of, and in 
                a format acceptable to, the Administration; or
                    ``(B) irrevocable letter or letters of credit, with 
                a collateral assignment in favor of, and a commercially 
                reasonable format acceptable to, the Administration.
            ``(4) Contributions.--The company shall make contributions 
        to the loss reserve, either cash or letters of credit as 
        provided above, in the following amounts and at the following 
        intervals:
                    ``(A) 50 percent when a debenture is closed;
                    ``(B) 25 percent additional not later than 1 year 
                after a debenture is closed; and
                    ``(C) 25 percent additional not later than 2 years 
                after a debenture is closed.
            ``(5) Replenishment.--If a loss has been sustained by the 
        Administration, any portion of the loss reserve, and other 
        funds provided by the premier company as necessary, may be used 
        to reimburse the Administration for the company's 10 percent 
        share of the loss as provided in subsection (b)(2)(C). If the 
        company utilizes the reserve, within 30 days it shall replace 
        an equivalent amount of funds.
            ``(6) Disbursements.--The Administration shall allow the 
        certified development company to withdraw from the loss reserve 
        amounts attributable to any debenture which has been repaid.'';
            (4) in subsection (f), by striking ``State or local'' and 
        inserting ``certified'';
            (5) in subsection (g), by striking the subsection heading 
        and inserting the following:
    ``(g) Effect of Suspension or Revocation.--'';
            (6) by striking subsection (h) and inserting the following:
    ``(h) Program Goals.--Each certified development company 
participating in the program under this section shall establish a goal 
of processing a minimum of not less than 50 percent of the loan 
applications for assistance under section 504 pursuant to the program 
authorized under this section.''; and
            (7) in subsection (i), by striking ``other lenders'' and 
        inserting ``other lenders, specifically comparing default rates 
        and recovery rates on liquidations''.
    (b) Regulations.--The Administrator of the Small Business 
Administration shall--
            (1) not later than 120 days after the date of enactment of 
        this Act, promulgate regulations to carry out the amendments 
        made by subsection (a); and
            (2) not later than 150 days after the date of enactment of 
        this Act, issue program guidelines and fully implement the 
        amendments made by subsection (a).
    (c) Program Extension.--Section 217(b) of the Small Business 
Reauthorization and Amendments Act of 1994 (15 U.S.C. 697e note) is 
amended by striking ``October 1, 1997'' and inserting ``October 1, 
2000''.

                TITLE III--WOMEN'S BUSINESS ENTERPRISES

SEC. 301. INTERAGENCY COMMITTEE PARTICIPATION.

    Section 403 of the Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended--
            (1) in subsection (a)(1), by adding at the end the 
        following:
                    ``(K) The Department of Education.
                    ``(L) The Environmental Protection Agency.
                    ``(M) The Department of Energy.
                    ``(N) The Administrator of the Office of 
                Procurement Policy.
                    ``(O) The National Aeronautics and Space 
                Administration.'';
            (2) in subsection (a)(2)(A)--
                    (A) by striking ``and Amendments Act of 1994'' and 
                inserting ``Act of 1997''; and
                    (B) by inserting before the final period ``, and 
                who shall report directly to the head of the agency on 
                the status of the activities of the Interagency 
                Committee'';
            (3) in subsection (a)(2)(B), by inserting before the final 
        period the following: ``and shall report directly to the 
        Administrator on the status of the activities on the 
        Interagency Committee and shall serve as the Interagency 
        Committee Liaison to the National Women's Business Council 
        established under section 405''; and
            (4) in subsection (b), by striking ``and Amendments Act of 
        1994'' and inserting ``Act of 1997''.

SEC. 302. REPORTS.

    Section 404 of the Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended--
            (1) by inserting ``, through the Small Business 
        Administration,'' after ``transmit'';
            (2) by striking paragraph (1) and redesignating paragraphs 
        (2) through (4) as paragraphs (1) through (3), respectively; 
        and
            (3) in paragraph (1), as redesignated, by inserting before 
        the semicolon the following: ``, including a status report on 
        the progress of the Interagency Committee in meeting its 
        responsibilities and duties under section 402(a)''.

SEC. 303. COUNCIL DUTIES.

    Section 406 of the Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended--
            (1) in subsection (c), by inserting after ``Administrator'' 
        the following: ``(through the Assistant Administrator for the 
        Office of Women's Business Ownership)''; and
            (2) in subsection (d)--
                    (A) in paragraph (4), by striking ``and'' at the 
                end;
                    (B) in paragraph (5), by striking the period at the 
                end and inserting a semicolon; and
                    (C) by adding at the end the following:
            ``(6) submit to the President and to the Committee on Small 
        Business of the Senate and the Committee on Small Business of 
        the House of Representatives, an annual report containing--
                    ``(A) a detailed description of the activities of 
                the council, including a status report on the Council's 
                progress toward meeting its duties outlined in 
                subsections (a) and (d) of section 406;
                    ``(B) the findings, conclusions, and 
                recommendations of the Council; and
                    ``(C) the Council's recommendations for such 
                legislation and administrative actions as the Council 
                considers appropriate to promote the development of 
                small business concerns owned and controlled by women.
    ``(e) Submission of Reports.--The annual report required by 
subsection (d) shall be submitted not later than 90 days after the end 
of each fiscal year.''.

SEC. 304. COUNCIL MEMBERSHIP.

    Section 407 of the Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended--
            (1) in subsection (a), by striking ``and Amendments Act of 
        1994'' and inserting ``Act of 1997'';
            (2) in subsection (b)--
                    (A) by striking ``and Amendments Act of 1994'' and 
                inserting ``Act of 1997'';
                    (B) by inserting after ``the Administrator shall'' 
                the following: ``, after receiving the recommendations 
                of the Chair and the Ranking Member of the Minority of 
                the Committees on Small Business of the House of 
                Representatives and the Senate, '';
                    (C) by striking ``9'' and inserting ``14'';
                    (D) in paragraph (1), by striking ``2'' and 
                inserting ``3'';
                    (E) in paragraph (2)--
                            (i) by striking ``2'' and inserting ``3''; 
                        and
                            (ii) by striking ``and'' at the end;
                    (F) in paragraph (3)--
                            (i) by striking ``5'' and inserting ``6'';
                            (ii) by striking ``national''; and
                            (iii) by striking the period at the end and 
                        inserting the following: ``, including 
                        representatives of Women's Business Center 
                        sites; and''; and
                    (G) by adding at the end the following:
            ``(4) 2 shall be representatives of businesses or 
        educational institutions having an interest in women's 
        entrepreneurship.''; and
            (3) in subsection (c), by inserting ``(including both urban 
        and rural areas)'' after ``geographic''.

SEC. 305. AUTHORIZATION OF APPROPRIATIONS.

    Section 409 of the Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended--
            (1) by striking ``1995 through 1997'' and inserting ``1998 
        through 2000''; and
            (2) by striking ``$350,000'' and inserting ``$400,000''.

SEC. 306. WOMEN'S BUSINESS CENTERS.

    (a) In General.--Section 29 of the Small Business Act (15 U.S.C. 
656) is amended to read as follows:

``SEC. 29. WOMEN'S BUSINESS CENTERS.

    ``(a) Definitions.--In this section--
            ``(1) the term `small business concern owned and controlled 
        by women', either startup or existing, includes any small 
        business concern--
                    ``(A) that is not less than 51 percent owned by 1 
                or more women; and
                    ``(B) the management and daily business operations 
                of which are controlled by 1 or more women; and
            ``(2) the term `women's business center site' means the 
        location of--
                    ``(A) a women's business center; or
                    ``(B) 1 or more women's business centers, 
                established in conjunction with another women's 
                business center in another location within a State or 
                region--
                            ``(i) that reach a distinct population that 
                        would otherwise not be served;
                            ``(ii) whose services are targeted to 
                        women; and
                            ``(iii) whose scope, function, and 
                        activities are similar to those of the primary 
                        women's business center or centers in 
                        conjunction with which it was established.
    ``(b) Authority.--The Administration may provide financial 
assistance to private organizations to conduct 5-year projects for the 
benefit of small business concerns owned and controlled by women. The 
projects shall provide--
            ``(1) financial assistance, including training and 
        counseling in how to apply for and secure business credit and 
        investment capital, preparing and presenting financial 
        statements, and managing cash flow and other financial 
        operations of a business concern;
            ``(2) management assistance, including training and 
        counseling in how to plan, organize, staff, direct, and control 
        each major activity and function of a small business concern; 
        and
            ``(3) marketing assistance, including training and 
        counseling in identifying and segmenting domestic and 
        international market opportunities, preparing and executing 
        marketing plans, developing pricing strategies, locating 
        contract opportunities, negotiating contracts, and utilizing 
        varying public relations and advertising techniques.
    ``(c) Conditions of Participation.--
            ``(1) Non-federal contributions.--As a condition of 
        receiving financial assistance authorized by this section, the 
        recipient organization shall agree to obtain, after its 
        application has been approved and notice of award has been 
        issued, cash contributions from non-Federal sources as follows:
                    ``(A) in the first, second, and third years, 1 non-
                Federal dollar for each 2 Federal dollars;
                    ``(B) in the fourth year, 1 non-Federal dollar for 
                each Federal dollar; and
                    ``(C) in the fifth year, 2 non-Federal dollars for 
                each Federal dollar.
            ``(2) Form of non-federal contributions.--Not more than 
        one-half of the non-Federal sector matching assistance may be 
        in the form of in-kind contributions which are budget line 
        items only, including but not limited to office equipment and 
        office space.
            ``(3) Form of federal contributions.--The financial 
        assistance authorized pursuant to this section may be made by 
        grant, contract, or cooperative agreement and may contain such 
        provision, as necessary, to provide for payments in lump sum or 
        installments, and in advance or by way of reimbursement. The 
        Administration may disburse up to 25 percent of each year's 
        Federal share awarded to a recipient organization after notice 
        of the award has been issued and before the non-Federal sector 
        matching funds are obtained.
            ``(4) Failure to obtain private funding.--If any recipient 
        of assistance fails to obtain the required non-Federal 
        contribution during any project, it shall not be eligible 
        thereafter for advance disbursements pursuant to paragraph (3) 
        during the remainder of that project, or for any other project 
        for which it is or may be funded by the Administration, and 
        prior to approving assistance to such organization for any 
        other projects, the Administration shall specifically determine 
        whether the Administration believes that the recipient will be 
        able to obtain the requisite non-Federal funding and enter a 
        written finding setting forth the reasons for making such 
        determination.
    ``(d) Contract Authority.--A women's business center may enter into 
a contract with a Federal department or agency to provide specific 
assistance to women and other underserved small business concerns. 
Performance of such contract should not hinder the women's business 
centers in carrying out the terms of the grant received by the women's 
business centers from the Administration.
    ``(e) Submission of 5-Year Plan.--Each applicant organization 
initially shall submit a 5-year plan to the Administration on proposed 
fundraising and training activities, and a recipient organization may 
receive financial assistance under this program for a maximum of 5 
years per women's business center site.
    ``(f) Criteria.--The Administration shall evaluate and rank 
applicants in accordance with predetermined selection criteria that 
shall be stated in terms of relative importance. Such criteria and 
their relative importance shall be made publicly available and stated 
in each solicitation for applications made by the Administration. The 
criteria shall include--
            ``(1) the experience of the applicant in conducting 
        programs or ongoing efforts designed to impart or upgrade the 
        business skills of women business owners or potential owners;
            ``(2) the present ability of the applicant to commence a 
        project within a minimum amount of time;
            ``(3) the ability of the applicant to provide training and 
        services to a representative number of women who are both 
        socially and economically disadvantaged; and
            ``(4) the location for the women's business center site 
        proposed by the applicant.
    ``(g) Office of Women's Business Ownership.--There is established 
within the Administration an Office of Women's Business Ownership, 
which shall be responsible for the administration of the 
Administration's programs for the development of women's business 
enterprises (as that term is defined in section 408 of the Women's 
Business Ownership Act of 1988). The Office of Women's Business 
Ownership shall be administered by an Assistant Administrator, who 
shall be appointed by the Administrator.
    ``(h) Report.--The Administrator shall prepare and submit an annual 
report to the Committees on Small Business of the House of 
Representatives and the Senate on the effectiveness of all projects 
conducted under the authority of this section. Such report shall 
provide information concerning--
            ``(1) the number of individuals receiving assistance;
            ``(2) the number of startup business concerns formed;
            ``(3) the gross receipts of assisted concerns;
            ``(4) increases or decreases in profits of assisted 
        concerns; and
            ``(5) the employment increases or decreases of assisted 
        concerns.
    ``(i) Authorization of Appropriations.--There are authorized to be 
appropriated $8,000,000 per year to carry out the projects authorized 
by this section. Amounts appropriated pursuant to this subsection are 
to be used exclusively for grant awards and not for costs incurred by 
the Administration for the management and administration of the 
program. Notwithstanding any other provision of law, the Administration 
may use such expedited acquisition methods as it deems appropriate, 
through the Assistant Administrator of the Office of Women's Business 
Ownership, to achieve the purposes of this section, except that the 
Administration shall ensure that all eligible sources are provided a 
reasonable opportunity to submit proposals.''.
    (b) Applicability.--Any organization conducting a 3-year project 
under section 29 of the Small Business Act (15 U.S.C. 656) on the day 
before the date of enactment of this Act, may extend the term of that 
project to a total term of 5 years and receive financial assistance in 
accordance with section 29(c) of the Small Business Act (as amended by 
this title) subject to procedures established by the Administrator in 
coordination with the Office of Women's Business Ownership established 
under section 29 of the Small Business Act (15 U.S.C. 656) (as amended 
by this title).

SEC. 307. OFFICE OF WOMEN'S BUSINESS OWNERSHIP.

    Section 29 of the Small Business Act (15 U.S.C. 656) is amended by 
adding at the end the following:
    ``(i) Assistant Administrator for the Office of Women's Business 
Ownership.--
            ``(1) Qualification.--The Assistant Administrator for the 
        Office of Women's Business Ownership (hereafter in this section 
        referred to as the `Assistant Administrator') shall serve 
        without regard to the provisions of title 5, United States 
        Code, governing appointments in the competitive service, and 
        without regard to chapter 51 and subchapter III of chapter 53 
        of title 5, United States Code, relating to classification and 
        General Schedule pay rates, but at a rate of pay not to exceed 
        the maximum of pay payable for a position at GS-17 of the 
        General Schedule.
            ``(2) Responsibilities and duties.--
                    ``(A) Responsibilities.--The responsibilities of 
                the Assistant Administrator shall be to administer the 
                programs and services of the Office of Women's Business 
                Ownership established to assist women entrepreneurs in 
                the areas of--
                            ``(i) starting and operating a small 
                        business;
                            ``(ii) development of management and 
                        technical skills;
                            ``(iii) seeking Federal procurement 
                        opportunities; and
                            ``(iv) increasing the opportunity for 
                        access to capital.
                    ``(B) Duties.--Duties of the position of the 
                Assistant Administrator shall include--
                            ``(i) administering and managing the 
                        Women's Business Centers program;
                            ``(ii) recommending the annual 
                        administrative and program budgets for the 
                        Office of Women's Business Ownership (including 
                        the budget for the Women's Business Centers);
                            ``(iii) establishing appropriate funding 
                        levels therefore;
                            ``(iv) reviewing the annual budgets 
                        submitted by each applicant for the Women's 
                        Business Center program;
                            ``(v) selecting applicants to participate 
                        in this program;
                            ``(vi) implementing this section;
                            ``(vii) maintaining a clearinghouse to 
                        provide for the dissemination and exchange of 
                        information between Women's Business Centers;
                            ``(viii) conducting program examinations of 
                        recipients of grants under this section;
                            ``(ix) serving as the vice chairperson of 
                        the Interagency Committee on Women's Business 
                        Enterprise;
                            ``(x) serving as liaison for the National 
                        Women's Business Council; and
                            ``(xi) advising the Administrator on 
                        appointments to the Women's Business Council.
            ``(3) Consultation requirements.--In carrying out the 
        responsibilities and duties described in this subsection, the 
        Assistant Administrator shall confer with and seek the advice 
        of the Administration officials in areas served by the Women's 
        Business Centers.
    ``(j) Program Examination.--
            ``(1) In general.--Not later than 180 days after the date 
        of enactment of this subsection, the Administration shall 
        develop and implement an annual programmatic and financial 
        examination of each Women's Business Center established 
        pursuant to this section.
            ``(2) Extension of contracts.--In extending or renewing a 
        contract with a Women's Business Center, the Administration 
        shall consider the results of the examination conducted 
        pursuant to paragraph (1).
    ``(k) Contract Authority.--The authority of the Administration to 
enter into contracts shall be in effect for each fiscal year only to 
the extent and in the amounts as are provided in advance in 
appropriations Acts. After the Administration has entered a contract, 
either as a grant or a cooperative agreement, with any applicant under 
this section, it shall not suspend, terminate, or fail to renew or 
extend any such contract unless the Administration provides the 
applicant with written notification setting forth the reasons therefore 
and affording the applicant an opportunity for a hearing, appeal, or 
other administrative proceeding under chapter 5 of title 5, United 
States Code.''.

SEC. 308. NATIONAL WOMEN'S BUSINESS COUNCIL PROCUREMENT PROJECT.

    (a) In General.--The Women's Business Ownership Act of 1988 (15 
U.S.C. 631 note) is amended by adding at the end the following:

``SEC. 410. NATIONAL WOMEN'S BUSINESS COUNCIL PROCUREMENT PROJECT.

    ``(a) Procurement Project.--
            ``(1) Federal procurement study.--
                    ``(A) In general.--The Council shall conduct a 
                study on the award of Federal prime contracts and 
                subcontracts to women-owned businesses, which study 
                shall include--
                            ``(i) an analysis of data collected by 
                        Federal agencies on contract awards to women-
                        owned businesses;
                            ``(ii) a determination of the degree to 
                        which individual Federal agencies are in 
                        compliance with the 5 percent women-owned 
                        business procurement goal established by 
                        section 15(g)(1) of the Small Business Act (15 
                        U.S.C. 644(g)(1));
                            ``(iii) a determination of the types and 
                        amounts of Federal contracts characteristically 
                        awarded to women-owned businesses; and
                            ``(iv) other relevant information relating 
                        to participation of women-owned businesses in 
                        Federal procurement.
                    ``(B) Submission of results.--Not later than 
                October 1, 1999, the Council shall submit to the 
                Committees on Small Business of the House of 
                Representatives and the Senate, and to the President, 
                the results of the study conducted under subparagraph 
                (A).
            ``(2) Best practices report.--Not later than March 1, 2000, 
        the Council shall submit to the Committees on Small Business of 
        the House of Representatives and the Senate, and to the 
        President, a report, which shall include--
                    ``(A) an analysis of the most successful practices 
                in attracting women-owned businesses as prime 
                contractors and subcontractors by--
                            ``(i) Federal agencies (as supported by 
                        findings from the study required under 
                        subsection (a)(1)) in Federal procurement 
                        awards; and
                            ``(ii) the private sector; and
                    ``(B) recommendations for policy changes in Federal 
                procurement practices, including an increase in the 
                Federal procurement goal for women-owned businesses, in 
                order to maximize the number of women-owned businesses 
                performing Federal contracts.
    ``(b) Contracting Authority.--In carrying out this section, the 
Council may contract with 1 or more public or private entities.
    ``(c) Authorization of Appropriations.--There is authorized to be 
appropriated to carry out this section, not to exceed $200,000, to 
remain available until expended through fiscal year 2000.''.

    TITLE IV--COMPETITIVENESS PROGRAM AND PROCUREMENT OPPORTUNITIES

           Subtitle A--Small Business Competitiveness Program

SEC. 401. PROGRAM TERM.

    Section 711(c) of the Small Business Competitiveness Demonstration 
Program Act of 1988 (15 U.S.C. 644 note) is amended by striking 
``1997'' and inserting ``2000''.

SEC. 402. MONITORING AGENCY PERFORMANCE.

    Section 712(d)(1) of the Small Business Competitiveness 
Demonstration Program Act of 1988 (15 U.S.C. 644 note) is amended to 
read as follows:
            ``(1) Participating agencies shall monitor the attainment 
        of their small business participation goals on an annual basis. 
        An annual review by each participating agency shall be 
        completed not later than January 31 of each year, based on the 
        data for the preceding fiscal year, from October 1 through 
        September 30.''.

SEC. 403. REPORTS TO CONGRESS.

    Section 716(a) of the Small Business Competitiveness Demonstration 
Program Act of 1988 (15 U.S.C. 644 note) is amended--
            (1) by striking ``1996'' and inserting ``2000'';
            (2) by striking ``for Federal Procurement Policy'' and 
        inserting ``of the Small Business Administration''; and
            (3) by striking ``Government Operations'' and inserting 
        ``Government Reform and Oversight''.

SEC. 404. SMALL BUSINESS PARTICIPATION IN DREDGING.

    Section 722(a) of the Small Business Competitiveness Demonstration 
Program Act of 1988 (15 U.S.C. 644 note) is amended by striking 
``1996'' and inserting ``2000''.

      Subtitle B--Small Business Procurement Opportunities Program

SEC. 411. CONTRACT BUNDLING.

    Section 2 of the Small Business Act (15 U.S.C. 631) is amended by 
adding at the end the following:
    ``(j) In complying with the statement of congressional policy 
expressed in subsection (a), relating to fostering the participation of 
small business concerns in the contracting opportunities of the 
Government, each Federal agency, to the maximum extent practicable, 
shall--
            ``(1) comply with congressional intent to foster the 
        participation of small business concerns as prime contractors, 
        subcontractors, and suppliers;
            ``(2) structure its contracting requirements to facilitate 
        competition by and among small business concerns, taking all 
        reasonable steps to eliminate obstacles to their participation; 
        and
            ``(3) avoid unnecessary and unjustified bundling of 
        contract requirements that precludes small business 
        participation in procurements as prime contractors.''.

SEC. 412. DEFINITION OF CONTRACT BUNDLING.

    Section 3 of the Small Business Act (15 U.S.C. 632) is amended by 
adding at the end the following:
    ``(o) Definitions of Bundling of Contract Requirements and Related 
Terms.--In this Act--
            ``(1) The term `bundling of contract requirements' means 
        consolidating two or more procurement requirements for goods or 
        services previously provided or performed under separate 
        smaller contracts into a solicitation of offers for a single 
        contract that is likely to be unsuitable for award to a small-
        business concern due to--
                    ``(A) the diversity, size, or specialized nature of 
                the elements of the performance specified;
                    ``(B) the aggregate dollar value of the anticipated 
                award;
                    ``(C) the geographical dispersion of the contract 
                performance sites; or
                    ``(D) any combination of the factors described in 
                subparagraphs (A), (B), and (C).
            ``(2) The term `separate smaller contract', with respect to 
        a bundling of contract requirements, means a contract that has 
        been performed by one or more small business concerns or was 
        suitable for award to one or more small business concerns.
            ``(3) The term `bundled contract' means a contract that is 
        entered into to meet requirements that are consolidated in a 
        bundling of contract requirements.''.

SEC. 413. ASSESSING PROPOSED CONTRACT BUNDLING.

    (a) In General.--Section 15 of the Small Business Act (15 U.S.C. 
644) is amended by inserting after subsection (d) the following new 
subsection (e):
    ``(e) Procurement Strategies; Contract Bundling.--
            ``(1) In general.--To the maximum extent practicable, 
        procurement strategies used by the various agencies having 
        contracting authority shall facilitate the maximum 
        participation of small business concerns as prime contractors, 
        subcontractors, and suppliers.
            ``(2) Market research.--
                    ``(A) In general.--Before proceeding with an 
                acquisition strategy that could lead to a contract 
                containing consolidated procurement requirements, the 
                head of an agency shall conduct market research to 
                determine whether consolidation of the requirements is 
                necessary and justified.
                    ``(B) Factors.--For purposes of subparagraph (A), 
                consolidation of the requirements may be determined as 
                being necessary and justified if, as compared to the 
                benefits that would be derived from contracting to meet 
                those requirements if not consolidated, the Federal 
                Government would derive from the consolidation 
                measurably substantial benefits, including any 
                combination of benefits that, in combination, are 
                measurably substantial. Benefits described in the 
                preceding sentence may include the following:
                            ``(i) Cost savings.
                            ``(ii) Quality improvements.
                            ``(iii) Reduction in acquisition cycle 
                        times.
                            ``(iv) Better terms and conditions.
                            ``(v) Any other benefits.
                    ``(C) Reduction of costs not determinative.--The 
                reduction of administrative or personnel costs alone 
                shall not be a justification for bundling of contract 
                requirements unless the cost savings are expected to be 
                substantial in relation to the dollar value of the 
                procurement requirements to be consolidated.
            ``(3) Strategy specifications.--If the head of a 
        contracting agency determines that a proposed procurement 
        strategy for a procurement involves a substantial bundling of 
        contract requirements, the proposed procurement strategy 
        shall--
                    ``(A) identify specifically the benefits 
                anticipated to be derived from the bundling of contract 
                requirements;
                    ``(B) set forth an assessment of the specific 
                impediments to participation by small business concerns 
                as prime contractors that result from the bundling of 
                contract requirements and specify actions designed to 
                maximize small business participation as subcontractors 
                (including suppliers) at various tiers under the 
                contract or contracts that are awarded to meet the 
                requirements; and
                    ``(C) include a specific determination that the 
                anticipated benefits of the proposed bundled contract 
                justify its use.
            ``(4) Contract teaming.--In the case of a solicitation of 
        offers for a bundled contract that is issued by the head of an 
        agency, a small-business concern may submit an offer that 
        provides for use of a particular team of subcontractors for the 
        performance of the contract. The head of the agency shall 
        evaluate the offer in the same manner as other offers, with due 
        consideration to the capabilities of all of the proposed 
        subcontractors. When a small business concern teams under this 
        paragraph, it shall not affect its status as a small business 
        concern for any other purpose.''.
    (b) Administration Review.--The third sentence of subsection (a) of 
such section is amended--
            (1) by inserting after ``discrete construction projects,'' 
        the following: ``or the solicitation involves an unnecessary or 
        unjustified bundling of contract requirements, as determined by 
        the Administration,'';
            (2) by striking out ``or (4)'' and inserting in lieu 
        thereof ``(4)''; and
            (3) by inserting before the period at the end the 
        following: ``, or (5) why the agency has determined that the 
        bundled contract (as defined in section 3(o)) is necessary and 
        justified''.
    (c) Responsibilities of Agency Small Business Advocates.--
Subsection (k) of such section is amended--
            (1) by redesignating paragraphs (5) through (9) as 
        paragraphs (6) through (10), respectively; and
            (2) by inserting after paragraph (4) the following:
            ``(5) identify proposed solicitations that involve 
        significant bundling of contract requirements, and work with 
        the agency acquisition officials and the Administration to 
        revise the procurement strategies for such proposed 
        solicitations where appropriate to increase the probability of 
        participation by small businesses as prime contractors, or to 
        facilitate small business participation as subcontractors and 
        suppliers, if a solicitation for a bundled contract is to be 
        issued;''.

SEC. 414. REPORTING OF BUNDLED CONTRACT OPPORTUNITIES.

    (a) Data Collection Required.--The Federal Procurement Data System 
described in section 6(d)(4)(A) of the Office of Federal Procurement 
Policy Act (41 U.S.C. 405(d)(4)(A)) shall be modified to collect data 
regarding bundling of contract requirements when the contracting 
officer anticipates that the resulting contract price, including all 
options, is expected to exceed $5,000,000. The data shall reflect a 
determination made by the contracting officer regarding whether a 
particular solicitation constitutes a contract bundling.
    (b) Definitions.--In this section, the term ``bundling of contract 
requirements'' has the meaning given that term in section 3(o) of the 
Small Business Act (15 U.S.C. 632(o)) (as added by section 412 of this 
title).

SEC. 415. EVALUATING SUBCONTRACT PARTICIPATION IN AWARDING CONTRACTS.

    Section 8(d)(4) of the Small Business Act (15 U.S.C. 637(d)(4)) is 
amended by adding at the end the following:
            ``(G) The following factors shall be designated by the 
        Federal agency as significant factors for purposes of 
        evaluating offers for a bundled contract where the head of the 
        agency determines that the contract offers a significant 
        opportunity for subcontracting:
                    ``(i) A factor that is based on the rate provided 
                under the subcontracting plan for small business 
                participation in the performance of the contract.
                    ``(ii) For the evaluation of past performance of an 
                offeror, a factor that is based on the extent to which 
                the offeror attained applicable goals for small 
                business participation in the performance of 
                contracts.''.

SEC. 416. IMPROVED NOTICE OF SUBCONTRACTING OPPORTUNITIES.

    (a) Use of the Commerce Business Daily Authorized.--Section 8 of 
the Small Business Act (15 U.S.C. 637) is amended by adding at the end 
the following:
    ``(k) Notices of Subcontracting Opportunities.--
            ``(1) In general.--Notices of subcontracting opportunities 
        may be submitted for publication in the Commerce Business Daily 
        by--
                    ``(A) a business concern awarded a contract by an 
                executive agency subject to subsection (e)(1)(C); and
                    ``(B) a business concern which is a subcontractor 
                or supplier (at any tier) to such contractor having a 
                subcontracting opportunity in excess of $10,000.
            ``(2) Content of notice.--The notice of a subcontracting 
        opportunity shall include--
                    ``(A) a description of the business opportunity 
                that is comparable to the description specified in 
                paragraphs (1), (2), (3), and (4) of subsection (f); 
                and
                    ``(B) the due date for receipt of offers.''.
    (b) Regulations Required.--The Federal Acquisition Regulation shall 
be amended to provide uniform implementation of the amendments made by 
this section.
    (c) Conforming Amendment.--Section 8(e)(1)(C) of the Small Business 
Act (15 U.S.C. 637(e)(1)(C)) is amended by striking ``$25,000'' each 
place that term appears and inserting ``$100,000''.

SEC. 417. DEADLINES FOR ISSUANCE OF REGULATIONS.

    (a) Proposed Regulations.--Proposed amendments to the Federal 
Acquisition Regulation or proposed Small Business Administration 
regulations under this subtitle and the amendments made by this 
subtitle shall be published not later than 120 days after the date of 
enactment of this Act for the purpose of obtaining public comment 
pursuant to section 22 of the Office of Federal Procurement Policy Act 
(41 U.S.C. 418b), or chapter 5 of title 5, United States Code, as 
appropriate. The public shall be afforded not less than 60 days to 
submit comments.
    (b) Final Regulations.--Final regulations shall be published not 
later than 270 days after the date of enactment of this Act. The 
effective date for such final regulations shall be not less than 30 
days after the date of publication.

                   TITLE V--MISCELLANEOUS PROVISIONS

SEC. 501. SMALL BUSINESS TECHNOLOGY TRANSFER PROGRAM.

    (a) Required Expenditures.--Section 9(n) of the Small Business Act 
(15 U.S.C. 638(n)) is amended by striking paragraph (1) and inserting 
the following:
            ``(1) Required expenditure amounts.--With respect to fiscal 
        years 1998, 1999, 2000, 2001, 2002, or 2003, each Federal 
        agency that has an extramural budget for research, or research 
        and development, in excess of $1,000,000,000 for that fiscal 
        year, is authorized to expend with small business concerns not 
        less than 0.15 percent of that extramural budget specifically 
        in connection with STTR programs that meet the requirements of 
        this section and any policy directives and regulations issued 
        under this section.''.
    (b) Pilot Program.--
            (1) In general.--Section 9 of the Small Business Act (15 
        U.S.C. 638) is amended by adding at the end the following:
    ``(s) Pilot Program.--
            ``(1) Definition of eligible state.--In this subsection, 
        the term `eligible State' means a State--
                    ``(A) if the total value of contracts awarded to 
                the State during fiscal year 1995 under this section 
                was less than $5,000,000; and
                    ``(B) that certifies to the Federal agency 
                described in paragraph (2) that the State will, upon 
                receipt of assistance under this subsection, provide 
                matching funds from non-Federal sources in an amount 
                that is not less than 50 percent of the amount provided 
                under this subsection.
            ``(2) Program authority.--Of amounts made available to 
        carry out this section for fiscal year 1998, 1999, or 2000, the 
        Administrator may expend with eligible States not more than 
        $2,000,000 in each such fiscal year in order to increase the 
        participation of small business concerns located in those 
        States in the programs under this section.
            ``(3) Amount of assistance.--The amount of assistance 
        provided to an eligible State under this subsection in any 
        fiscal year--
                    ``(A) shall be equal to twice the total amount of 
                matching funds from non-Federal sources provided by the 
                State; and
                    ``(B) shall not exceed $100,000.
            ``(4) Use of assistance.--Assistance provided to an 
        eligible State under this subsection shall be used by the 
        State, in consultation with State and local departments and 
        agencies, for programs and activities to increase the 
        participation of small business concerns located in the State 
        in the programs under this section, including--
                    ``(A) the establishment of quantifiable performance 
                goals, including goals relating to--
                            ``(i) the number of program awards under 
                        this section made to small business concerns in 
                        the State; and
                            ``(ii) the total amount of Federal research 
                        and development contracts awarded to small 
                        business concerns in the State;
                    ``(B) the provision of competition outreach support 
                to small business concerns in the State that are 
                involved in research and development; and
                    ``(C) the development and dissemination of 
                educational and promotional information relating to the 
                programs under this section to small business concerns 
                in the State.''.
            (2) Repeal.--Effective October 1, 2000, section 9(s) of the 
        Small Business Act (as added by paragraph (1) of this 
        subsection) is repealed.

SEC. 502. SMALL BUSINESS DEVELOPMENT CENTERS.

    (a) In General.--Section 21(a) of the Small Business Act (15 U.S.C. 
648(a)) is amended--
            (1) in paragraph (1)--
                    (A) by inserting ``any women's business center 
                operating pursuant to section 29,'' after ``credit or 
                finance corporation,'';
                    (B) by inserting ``or a women's business center 
                operating pursuant to section 29'' after ``other than 
                an institution of higher education''; and
                    (C) by inserting ``and women's business centers 
                operating pursuant to section 29'' after ``utilize 
                institutions of higher education'';
            (2) in paragraph (3)--
                    (A) by striking ``, but with'' and all that follows 
                through ``parties.'' and inserting the following: ``for 
                the delivery of programs and services to the Small 
                Business community. Such programs and services shall be 
                jointly developed, negotiated, and agreed upon, with 
                full participation of both parties, pursuant to an 
                executed cooperative agreement between the Small 
                Business Development Center applicant and the 
                Administration.''; and
                    (B) by adding at the end the following:
            ``(C) On an annual basis, the Small Business Development 
        Center shall review and coordinate public and private 
        partnerships and cosponsorships with the Administration for the 
        purpose of more efficiently leveraging available resources on a 
        National and a State basis.'';
            (3) in paragraph (4)(C)--
                    (A) by striking clause (i) and inserting the 
                following:
                    ``(i) In general.--
                            ``(I) Grant amount.--Subject to subclause 
                        (II), the amount of a grant received by a State 
                        under this section shall be equal to the 
                        greater of $500,000, or the sum of--
                                    ``(aa) the State's pro rata share 
                                of the national program, based upon the 
                                population of the State as compared to 
                                the total population of the United 
                                States; and
                                    ``(bb) $300,000 in fiscal year 
                                1998, $400,000 in fiscal year 1999, and 
                                $500,000 in each fiscal year 
                                thereafter.
                            ``(II) Pro rata reductions.--If the amount 
                        made available to carry out this section for 
                        any fiscal year is insufficient to carry out 
                        subclause (I), the Administration shall make 
                        pro rata reductions in the amounts otherwise 
                        payable to States under this clause.''; and
                    (B) in clause (iii), by striking ``(iii)'' and all 
                that follows through ``1997.'' and inserting the 
                following:
                    ``(iii) Authorization of appropriations.--There are 
                authorized to be appropriated to carry out the national 
                program under this section--
                            ``(I) $85,000,000 for fiscal year 1998;
                            ``(II) $90,000,000 for fiscal year 1999; 
                        and
                            ``(III) $95,000,000 for fiscal year 2000 
                        and each fiscal year thereafter.''; and
            (4) in paragraph (6)--
                    (A) in subparagraph (A), by striking ``and'' at the 
                end;
                    (B) in subparagraph (B), by striking the comma at 
                the end and inserting ``; and''; and
                    (C) inserting after subparagraph (B) the following:
                    ``(C) with outreach, development, and enhancement 
                of minority-owned small business startups or 
                expansions, veteran-owned small business startups or 
                expansions, and women-owned small business startups or 
                expansions, in communities impacted by base closings or 
                military or corporate downsizing, or in rural or 
                underserved communities;''.
    (b) SBDC Services.--Section 21(c) of the Small Business Act (15 
U.S.C. 648(c)) is amended--
            (1) in paragraph (3)--
                    (A) in subparagraph (A), by striking 
                ``businesses;'' and inserting ``businesses, including--
                    ``(i) working with individuals to increase 
                awareness of basic credit practices and credit 
                requirements;
                    ``(ii) working with individuals to development 
                business plans, financial packages, credit 
                applications, and contract proposals;
                    ``(iii) working with the Administration to develop 
                and provide informational tools for use in working with 
                individuals on pre-business startup planning, existing 
                business expansion, and export planning; and
                    ``(iv) working with individuals referred by the 
                local offices of the Administration and Administration 
                participating lenders;'';
                    (B) in each of subparagraphs (B), (C), (D), (E), 
                (F), (G), (M), (N), (O), (Q), and (R) by moving each 
                margin two ems to the right;
                    (C) in subparagraph (C), by inserting ``and the 
                Administration'' after ``Center'';
                    (D) by striking subparagraph (H), and inserting the 
                following:
            ``(H) working with the technical and environmental 
        compliance assistance programs established in each State under 
        section 507 of the Clean Air Act Amendments of 1970, or State 
        pollution prevention programs to notify small businesses 
        through outreach programs of regulations that affect small 
        businesses and making counseling, conferences, and materials 
        available on methods of compliance;'';
                    (E) in subparagraph (Q), by striking ``and'' at the 
                end;
                    (F) in subparagraph (R), by striking the period at 
                the end and inserting ``; and''; and
                    (G) by inserting after subparagraph (R) the 
                following:
            ``(S) providing counseling and technology development when 
        necessary to help small businesses find solutions for complying 
        with environmental, energy, health, safety, and other Federal, 
        State, and local regulation including cooperating with the 
        technical and environmental compliance assistance programs 
        established in each State under section 507 of the Clean Air 
        Act Amendments of 1970 or State pollution prevention programs 
        in the provision of counseling and technology development to 
        help small businesses find solutions for complying with 
        environmental regulations.'';
            (2) in paragraph (5)--
                    (A) by moving the margin 2 ems to the right;
                    (B) by striking ``paragraph (a)(1)'' and inserting 
                ``subsection (a)(1)'';
                    (C) by striking ``which ever'' and inserting 
                ``whichever''; and
                    (D) by striking ``last,,'' and inserting ``last,'';
            (3) by redesignating paragraphs (4) through (7) as 
        paragraphs (5) through (8), respectively; and
            (4) in paragraph (3), in the undesignated material 
        following subparagraph (S) (as added by this subsection), by 
        striking ``A small'' and inserting the following:
    ``(4) A small''.
    (c) Competitive Awards.--Section 21(l) of the Small Business Act 
(15 U.S.C. 648(l)) is amended by adding at the end the following: ``If 
any contract under this section with an entity that is in compliance 
with this section is not renewed or extended, any award of a contract 
under this section to another entity shall be made on a competitive 
basis.''.
    (d) Prohibition on Certain Fees.--Section 21 of the Small Business 
Act (15 U.S.C. 648) is amended by adding at the end the following:
    ``(m) Prohibition on Certain Fees.--A small business development 
center shall not impose or otherwise collect a fee or other 
compensation in connection with the provision of counseling services 
under this section.''.

SEC. 503. PILOT PREFERRED SURETY BOND GUARANTEE PROGRAM EXTENSION.

    Section 207 of the Small Business Administration Reauthorization 
and Amendment Act of 1988 (15 U.S.C. 694b note) is amended by striking 
``September 30, 1997'' and inserting ``September 30, 2000''.

SEC. 504. EXTENSION OF COSPONSORSHIP AUTHORITY.

    Section 401(a)(2) of the Small Business Administration 
Reauthorization and Amendments Act of 1994 (15 U.S.C. 637 note) is 
amended by striking ``September 30, 1997'' and inserting ``September 
30, 2000''.

SEC. 505. ASSET SALES.

    In connection with the Administration's implementation of a program 
to sell to the private sector loans and other assets held by the 
Administration, the Administration shall provide to the Committees on 
Small Business in the Senate and House of Representatives a copy of the 
draft and final plans describing the sale and the anticipated benefits 
resulting from such sale.

SEC. 506. SMALL BUSINESS EXPORT PROMOTION.

    (a) In General.--Section 21(c)(3) of the Small Business Act (15 
U.S.C. 648(c)(3)) is amended--
            (1) in subparagraph (Q), by striking ``and'' at the end;
            (2) in subparagraph (B), by striking the period at the end 
        and inserting ``; and''; and
            (3) by inserting after subparagraph (R) the following:
                    ``(S) providing small business owners with access 
                to a wide variety of export-related information by 
                establishing on-line computer linkages between small 
                business development centers and an international trade 
                data information network with ties to the Export 
                Assistance Center program.''.
    (b) Authorization of Appropriations.--There are authorized to be 
appropriated to carry out section 21(c)(3)(S) of the Small Business Act 
(15 U.S.C. 648(c)(3)(S)), as added by this section, $1,500,000 for each 
fiscal years 1998 and 1999.

SEC. 507. DEFENSE LOAN AND TECHNICAL ASSISTANCE PROGRAM.

    (a) DELTA Program Authorized.--
            (1) In general.--The Administrator of the Small Business 
        Administration may administer the Defense Loan and Technical 
        Assistance program in accordance with the authority and 
        requirements of this section.
            (2) Expiration of authority.--The authority of the 
        Administrator to carry out the DELTA program under paragraph 
        (1) shall terminate when the funds referred to in subsection 
        (g)(1) have been expended.
            (3) DELTA program defined.--In this section, the terms 
        ``Defense Loan and Technical Assistance program'' and ``DELTA 
        program'' mean the Defense Loan and Technical Assistance 
        program that has been established by a memorandum of 
        understanding entered into by the Administrator and the 
        Secretary of Defense on June 26, 1995.
    (b) Assistance.--
            (1) Authority.--Under the DELTA program, the Administrator 
        may assist small business concerns that are economically 
        dependent on defense expenditures to acquire dual-use 
        capabilities.
            (2) Forms of assistance.--Forms of assistance authorized 
        under paragraph (1) are as follows:
                    (A) Loan guarantees.--Loan guarantees under the 
                terms and conditions specified under this section and 
                other applicable law.
                    (B) Nonfinancial assistance.--Other forms of 
                assistance that are not financial.
    (c) Administration of Program.--In the administration of the DELTA 
program under this section, the Administrator shall--
            (1) process applications for DELTA program loan guarantees;
            (2) guarantee repayment of the resulting loans in 
        accordance with this section; and
            (3) take such other actions as are necessary to administer 
        the program.
    (d) Selection and Eligibility Requirements for DELTA Loan 
Guarantees.--
            (1) In general.--The selection criteria and eligibility 
        requirements set forth in this subsection shall be applied in 
        the selection of small business concerns to receive loan 
        guarantees under the DELTA program.
            (2) Selection criteria.--The criteria used for the 
        selection of a small business concern to receive a loan 
        guarantee under this section are as follows:
                    (A) The selection criteria established under the 
                memorandum of understanding referred to in subsection 
                (a)(3).
                    (B) The extent to which the loans to be guaranteed 
                would support the retention of defense workers whose 
                employment would otherwise be permanently or 
                temporarily terminated as a result of reductions in 
                expenditures by the United States for defense, the 
                termination or cancellation of a defense contract, the 
                failure to proceed with an approved major weapon 
                system, the merger or consolidation of the operations 
                of a defense contractor, or the closure or realignment 
                of a military installation.
                    (C) The extent to which the loans to be guaranteed 
                would stimulate job creation and new economic 
                activities in communities most adversely affected by 
                reductions in expenditures by the United States for 
                defense, the termination or cancellation of a defense 
                contract, the failure to proceed with an approved major 
                weapon system, the merger or consolidation of the 
                operations of a defense contractor, or the closure or 
                realignment of a military installation.
                    (D) The extent to which the loans to be guaranteed 
                would be used to acquire (or permit the use of other 
                funds to acquire) capital equipment to modernize or 
                expand the facilities of the borrower to enable the 
                borrower to remain in the national technology and 
                industrial base available to the Department of Defense.
            (3) Eligibility requirements.--To be eligible for a loan 
        guarantee under the DELTA program, a borrower must demonstrate 
        to the satisfaction of the Administrator that, during any 1 of 
        the 5 preceding operating years of the borrower, not less than 
        25 percent of the value of the borrower's sales were derived 
        from--
                    (A) contracts with the Department of Defense or the 
                defense-related activities of the Department of Energy; 
                or
                    (B) subcontracts in support of defense-related 
                prime contracts.
    (e) Maximum Amount of Loan Principal.--The maximum amount of loan 
principal for which the Administrator may provide a guarantee under 
this section during a fiscal year may not exceed $1,250,000.
    (f) Loan Guaranty Rate.--The maximum allowable guarantee percentage 
for loans guaranteed under this section may not exceed 80 percent.
    (g) Funding.--
            (1) In general.--The funds that have been made available 
        for loan guarantees under the DELTA program and have been 
        transferred from the Department of Defense to the Small 
        Business Administration before the date of the enactment of 
        this Act shall be used for carrying out the DELTA program under 
        this section.
            (2) Continued availability of existing funds.--The funds 
        made available under the second proviso under the heading 
        ``Research, Development, Test and Evaluation, Defense-Wide'' in 
        Public Law 103-335 (108 Stat. 2613) shall be available until 
        expended--
                    (A) to cover the costs (as defined in section 
                502(5) of the Federal Credit Reform Act of 1990 (2 
                U.S.C. 661a(5))) of loan guarantees issued under this 
                section; and
                    (B) to cover the reasonable costs of the 
                administration of the loan guarantees.

                       TITLE VI--HUBZONE PROGRAM

SEC. 601. SHORT TITLE.

    This title may be cited as the ``HUBZone Act of 1997''.

SEC. 602. HISTORICALLY UNDERUTILIZED BUSINESS ZONES.

    (a) Definitions.--Section 3 of the Small Business Act (15 U.S.C. 
632) (as amended by section 412 of this Act) is amended by adding at 
the end the following:
    ``(p) Definitions Relating to HUBZones.--In this Act:
            ``(1) Historically underutilized business zone.--The term 
        `historically underutilized business zone' means any area 
        located within 1 or more--
                    ``(A) qualified census tracts;
                    ``(B) qualified nonmetropolitan counties; or
                    ``(C) lands within the external boundaries of an 
                Indian reservation.
            ``(2) HUBZone.--The term `HUBZone' means a historically 
        underutilized business zone.
            ``(3) HUBZone small business concern.--The term `HUBZone 
        small business concern' means a small business concern--
                    ``(A) that is owned and controlled by 1 or more 
                persons, each of whom is a United States citizen; and
                    ``(B) the principal office of which is located in a 
                HUBZone; or
            ``(4) Qualified areas.--
                    ``(A) Qualified census tract.--The term `qualified 
                census tract' has the meaning given that term in 
                section 42(d)(5)(C)(i)(I) of the Internal Revenue Code 
                of 1986.
                    ``(B) Qualified nonmetropolitan county.--The term 
                `qualified nonmetropolitan county' means any county--
                            ``(i) that, based on the most recent data 
                        available from the Bureau of the Census of the 
                        Department of Commerce--
                                    ``(I) is not located in a 
                                metropolitan statistical area (as that 
                                term is defined in section 143(k)(2)(B) 
                                of the Internal Revenue Code of 1986); 
                                and
                                    ``(II) in which the median 
                                household income is less than 80 
                                percent of the nonmetropolitan State 
                                median household income; or
                            ``(ii) that, based on the most recent data 
                        available from the Secretary of Labor, has an 
                        unemployment rate that is not less than 140 
                        percent of the statewide average unemployment 
                        rate for the State in which the county is 
                        located.
            ``(5) Qualified hubzone small business concern.--
                    ``(A) In general.--A HUBZone small business concern 
                is `qualified', if--
                            ``(i) the small business concern has 
                        certified in writing to the Administrator (or 
                        the Administrator otherwise determines, based 
                        on information submitted to the Administrator 
                        by the small business concern, or based on 
                        certification procedures, which shall be 
                        established by the Administration by 
                        regulation) that--
                                    ``(I) it is a HUBZone small 
                                business concern;
                                    ``(II) not less than 35 percent of 
                                the employees of the small business 
                                concern reside in a HUBZone, and the 
                                small business concern will attempt to 
                                maintain this employment percentage 
                                during the performance of any contract 
                                awarded to the small business concern 
                                on the basis of a preference provided 
                                under section 31(b); and
                                    ``(III) with respect to any 
                                subcontract entered into by the small 
                                business concern pursuant to a contract 
                                awarded to the small business concern 
                                under section 31, the small business 
                                concern will ensure that--
                                            ``(aa) in the case of a 
                                        contract for services (except 
                                        construction), not less than 50 
                                        percent of the cost of contract 
                                        performance incurred for 
                                        personnel will be expended for 
                                        its employees or for employees 
                                        of other HUBZone small business 
                                        concerns; and
                                            ``(bb) in the case of a 
                                        contract for procurement of 
                                        supplies (other than 
                                        procurement from a regular 
                                        dealer in such supplies), not 
                                        less than 50 percent of the 
                                        cost of manufacturing the 
                                        supplies (not including the 
                                        cost of materials) will be 
                                        incurred in connection with the 
                                        performance of the contract in 
                                        a HUBZone by 1 or more HUBZone 
                                        small business concerns; and
                            ``(ii) no certification made or information 
                        provided by the small business concern under 
                        clause (i) has been, in accordance with the 
                        procedures established under section 31(c)(1)--
                                    ``(I) successfully challenged by an 
                                interested party; or
                                    ``(II) otherwise determined by the 
                                Administrator to be materially false.
                    ``(B) Change in percentages.--The Administrator may 
                utilize a percentage other than the percentage 
                specified in under subclause (IV) or (V) of 
                subparagraph (A)(i), if the Administrator determines 
                that such action is necessary to reflect conventional 
                industry practices among small business concerns that 
                are below the numerical size standard for businesses in 
                that industry category.
                    ``(C) Construction and other contracts.--The 
                Administrator shall promulgate final regulations 
                imposing requirements that are similar to those 
                specified in subclauses (IV) and (V) of subparagraph 
                (A)(i) on contracts for general and specialty 
                construction, and on contracts for any other industry 
                category that would not otherwise be subject to those 
                requirements. The percentage applicable to any such 
                requirement shall be determined in accordance with 
                subparagraph (B).
                    ``(D) List of qualified small business concerns.--
                The Administrator shall establish and maintain a list 
                of qualified HUBZone small business concerns, which 
                list shall, to the extent practicable--
                            ``(i) include the name, address, and type 
                        of business with respect to each such small 
                        business concern;
                            ``(ii) be updated by the Administrator not 
                        less than annually; and
                            ``(iii) be provided upon request to any 
                        Federal agency or other entity.''.
    (b) Federal Contracting.--
            (1) In general.--The Small Business Act (15 U.S.C. 631 et 
        seq.) is amended--
                    (A) by redesignating section 31 as section 32; and
                    (B) by inserting after section 30 the following:

``SEC. 31. HUBZONE PROGRAM.

    ``(a) In General.--There is established within the Administration a 
program to be carried out by the Administrator to provide for Federal 
contracting assistance to qualified HUBZone small business concerns in 
accordance with this section.
    ``(b) Eligible Contracts.--
            ``(1) Definitions.--In this subsection--
                    ``(A) the term `contracting officer' has the 
                meaning given that term in section 27(f)(5) of the 
                Office of Federal Procurement Policy Act (41 U.S.C. 
                423(f)(5)); and
                    ``(B) the terms `executive agency' and `full and 
                open competition' have the meanings given such terms in 
                section 4 of the Office of Federal Procurement Policy 
                Act (41 U.S.C. 403).
            ``(2) Requirements.--Subject to paragraph (3), a contract 
        opportunity offered for award pursuant to this section shall be 
        awarded on the basis of competition restricted to qualified 
        HUBZone small business concerns, if there is a reasonable 
        expectation that not less than 2 qualified HUBZone small 
        business concerns will submit offers and that award can be made 
        at a fair market price.
            ``(3) Alternate authority.--Notwithstanding any other 
        provision of law, a contracting officer may award sole source 
        contracts under this section to any qualified HUBZone small 
        business concern, if--
                    ``(A) the qualified HUBZone small business concern 
                is determined to be a responsible contractor with 
                respect to performance of such contract opportunity;
                    ``(B) the anticipated award price of the contract 
                (including options) will not exceed--
                            ``(i) $5,000,000, in the case of a contract 
                        opportunity assigned a standard industrial 
                        classification code for manufacturing; or
                            ``(ii) $3,000,000, in the case of all other 
                        contract opportunities; and
                    ``(C) in the estimation of the contracting officer, 
                the contract award can be made at a fair and reasonable 
                price.
            ``(4) Price evaluation preference in full and open 
        competitions.--In any case in which a contract is to be awarded 
        on the basis of full and open competition, the price offered by 
        a small business concern shall be deemed as being lower than 
        the price offered by another offeror (other than another small 
        business concern), if the price offered by the qualified 
        HUBZone small business concern is not more than 10 percent 
        higher than the price offered by the otherwise lowest, 
        responsive, and responsible offeror.
            ``(5) Relationship to other contracting preferences.--
                    ``(A) Subordinate relationship.--A procurement may 
                not be made from a source on the basis of a preference 
                provided in paragraph (2), (3), or (4), if the 
                procurement would otherwise be made from a different 
                source under section 4124 or 4125 of title 18, United 
                States Code, or the Javits-Wagner-O'Day Act.
                    ``(B) Parity relationship.--The provisions of 
                paragraphs (2), (3), and (4) shall not limit the 
                discretion of a contracting officer to let any 
                procurement contract to the Administration under 
                section 8(a). Notwithstanding section 8(a), the 
                Administration may not appeal an adverse decision of 
                any contracting officer declining to let a procurement 
                contract to the Administration, if the procurement is 
                made to a qualified HUBZone small business concern on 
                the basis of a preference under paragraph (2), (3), or 
                (4).
    ``(c) Enforcement; Penalties.--
            ``(1) Verification of eligibility.--In carrying out this 
        section, the Administrator shall establish procedures relating 
        to--
                    ``(A) the filing, investigation, and disposition by 
                the Administration of any challenge to the eligibility 
                of a small business concern to receive assistance under 
                this section (including a challenge, filed by an 
                interested party, relating to the veracity of a 
                certification made or information provided to the 
                Administration by a small business concern under 
                section 3(p)(5)); and
                    ``(B) verification by the Administrator of the 
                accuracy of any certification made or information 
                provided to the Administration by a small business 
                concern under section 3(p)(5).
            ``(2) Examinations.--The procedures established under 
        paragraph (1) may provide for program examinations (including 
        random program examinations) by the Administrator of any small 
        business concern making a certification or providing 
        information to the Administrator under section 3(p)(5).
            ``(3) Provision of data.--Upon the request of the 
        Administrator, the Secretary of Labor, the Secretary of Housing 
        and Urban Development, and the Secretary of the Interior (or 
        the Assistant Secretary for Indian Affairs), shall promptly 
        provide to the Administrator such information as the 
        Administrator determines to be necessary to carry out this 
        subsection.
            ``(4) Penalties.--In addition to the penalties described in 
        section 16(d), any small business concern that is determined by 
        the Administrator to have misrepresented the status of that 
        concern as a `HUBZone small business concern' for purposes of 
        this section, shall be subject to--
                    ``(A) section 1001 of title 18, United States Code; 
                and
                    ``(B) sections 3729 through 3733 of title 31, 
                United States Code.''.
            (2) Initial limited applicability.--During the period 
        beginning on the date of enactment of this Act and ending on 
        September 30, 2000, section 31 of the Small Business Act (as 
        added by paragraph (1) of this subsection) shall apply only to 
        procurements by--
                    (A) the Department of Defense;
                    (B) the Department of Agriculture;
                    (C) the Department of Health and Human Services;
                    (D) the Department of Transportation;
                    (E) the Department of Energy;
                    (F) the Department of Housing and Urban 
                Development;
                    (G) the Environmental Protection Agency;
                    (H) the National Aeronautics and Space 
                Administration;
                    (I) the General Services Administration; and
                    (J) the Department of Veterans Affairs.

SEC. 603. TECHNICAL AND CONFORMING AMENDMENTS TO THE SMALL BUSINESS 
              ACT.

    (a) Performance of Contracts.--Section 8(d) of the Small Business 
Act (15 U.S.C. 637(d)) is amended--
            (1) in paragraph (1)--
                    (A) in the first sentence, by striking ``,, small 
                business concerns owned and controlled by socially and 
                economically disadvantaged individuals'' and inserting 
                ``, qualified HUBZone small business concerns, small 
                business concerns owned and controlled by socially and 
                economically disadvantaged individuals''; and
                    (B) in the second sentence, by inserting 
                ``qualified HUBZone small business concerns,'' after 
                ``small business concerns,'';
            (2) in paragraph (3)--
                    (A) by inserting ``qualified HUBZone small business 
                concerns,'' after ``small business concerns,'' each 
                place that term appears; and
                    (B) by adding at the end the following:
            ``(F) In this contract, the term `qualified HUBZone small 
        business concern' has the meaning given that term in section 
        3(p) of the Small Business Act.'';
            (3) in paragraph (4)(E), by striking ``small business 
        concerns and'' and inserting ``small business concerns, 
        qualified HUBZone small business concerns, and'';
            (4) in paragraph (6), by inserting ``qualified HUBZone 
        small business concerns,'' after ``small business concerns,'' 
        each place that term appears; and
            (5) in paragraph (10), by inserting ``qualified HUBZone 
        small business concerns,'' after ``small business concerns,''.
    (b) Awards of Contracts.--Section 15 of the Small Business Act (15 
U.S.C. 644) is amended--
            (1) in subsection (g)(1)--
                    (A) by inserting ``qualified HUBZone small business 
                concerns,'' after ``small business concerns,'' each 
                place that term appears;
                    (B) in the second sentence, by striking ``20 
                percent'' and inserting ``23 percent''; and
                    (C) by inserting after the second sentence the 
                following: ``The Governmentwide goal for participation 
                by qualified HUBZone small business concerns shall be 
                established at not less than 1 percent of the total 
                value of all prime contract awards for fiscal year 
                1999, not less than 1.5 percent of the total value of 
                all prime contract awards for fiscal year 2000, not 
                less than 2 percent of the total value of all prime 
                contract awards for fiscal year 2001, not less than 2.5 
                percent of the total value of all prime contract awards 
                for fiscal year 2002, and not less than 3 percent of 
                the total value of all prime contract awards for fiscal 
                year 2003 and each fiscal year thereafter.'';
            (2) in subsection (g)(2)--
                    (A) in the first sentence, by striking ``,, by 
                small business concerns owned and controlled by 
                socially and economically disadvantaged individuals'' 
                and inserting ``, by qualified HUBZone small business 
                concerns, by small business concerns owned and 
                controlled by socially and economically disadvantaged 
                individuals'';
                    (B) in the second sentence, by inserting 
                ``qualified HUBZone small business concerns,'' after 
                ``small business concerns,''; and
                    (C) in the fourth sentence, by striking ``by small 
                business concerns owned and controlled by socially and 
                economically disadvantaged individuals and 
                participation by small business concerns owned and 
                controlled by women'' and inserting ``by qualified 
                HUBZone small business concerns, by small business 
                concerns owned and controlled by socially and 
                economically disadvantaged individuals, and by small 
                business concerns owned and controlled by women''; and
            (3) in subsection (h), by inserting ``qualified HUBZone 
        small business concerns,'' after ``small business concerns,'' 
        each place that term appears.
    (c) Offenses and Penalties.--Section 16 of the Small Business Act 
(15 U.S.C. 645) is amended--
            (1) in subsection (d)(1)--
                    (A) by inserting ``, a `qualified HUBZone small 
                business concern','' after ```small business 
                concern',''; and
                    (B) in subparagraph (A), by striking ``section 9 or 
                15'' and inserting ``section 9, 15, or 31''; and
            (2) in subsection (e), by inserting ``, a `HUBZone small 
        business concern','' after ```small business concern',''.

SEC. 604. OTHER TECHNICAL AND CONFORMING AMENDMENTS.

    (a) Title 10, United States Code.--Section 2323 of title 10, United 
States Code, is amended--
            (1) in subsection (a)(1)(A), by inserting before the 
        semicolon the following: ``, and qualified HUBZone small 
        business concerns (as that term is defined in section 3(p) of 
        the Small Business Act)''; and
            (2) in subsection (f)(1), by inserting ``or as a qualified 
        HUBZone small business concern (as that term is defined in 
        section 3(p) of the Small Business Act)'' after ``(as described 
        in subsection (a))''.
    (b) Federal Home Loan Bank Act.--Section 21A(b)(13) of the Federal 
Home Loan Bank Act (12 U.S.C. 1441a(b)(13)) is amended--
            (1) by striking ``concerns and small'' and inserting 
        ``concerns, small''; and
            (2) by inserting ``, and qualified HUBZone small business 
        concerns (as that term is defined in section 3(p) of the Small 
        Business Act)'' after ``disadvantaged individuals''.
    (c) Small Business Economic Policy Act of 1980.--Section 303(e) of 
the Small Business Economic Policy Act of 1980 (15 U.S.C. 631b(e)) is 
amended--
            (1) in paragraph (1), by striking ``and'' at the end;
            (2) in paragraph (2), by striking the period at the end and 
        inserting ``; and''; and
            (3) by adding at the end the following:
            ``(3) qualified HUBZone small business concern (as that 
        term is defined in section 3(p) of the Small Business Act).''.
    (d) Small Business Investment Act of 1958.--Section 411(c)(3)(B) of 
the Small Business Investment Act of 1958 (15 U.S.C. 694b(c)(3)(B)) is 
amended by inserting before the semicolon the following: ``, or to a 
qualified HUBZone small business concern, as that term is defined in 
section 3(p) of the Small Business Act''.
    (e) Title 31, United States Code.--
            (1) Contracts for collection services.--Section 3718(b) of 
        title 31, United States Code, is amended--
                    (A) in paragraph (1)(B), by inserting ``and law 
                firms that are qualified HUBZone small business 
                concerns (as that term is defined in section 3(p) of 
                the Small Business Act)'' after ``disadvantaged 
                individuals''; and
                    (B) in paragraph (3)--
                            (i) in the first sentence, by inserting 
                        before the period ``and law firms that are 
                        qualified HUBZone small business concerns'';
                            (ii) in subparagraph (A), by striking 
                        ``and'' at the end;
                            (iii) in subparagraph (B), by striking the 
                        period at the end and inserting ``; and''; and
                            (iv) by adding at the end the following:
                    ``(C) the term `qualified HUBZone small business 
                concern' has the meaning given that term in section 
                3(p) of the Small Business Act.''.
            (2) Payments to local governments.--Section 6701(f) of 
        title 31, United States Code, is amended--
                    (A) in paragraph (1)--
                            (i) in subparagraph (A), by striking 
                        ``and'' at the end;
                            (ii) in subparagraph (B), by striking the 
                        period at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
                    ``(C) qualified HUBZone small business concerns.''; 
                and
                    (B) in paragraph (3)--
                            (i) in subparagraph (A), by striking 
                        ``and'' at the end;
                            (ii) in subparagraph (B), by striking the 
                        period at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
                    ``(C) the term `qualified HUBZone small business 
                concern' has the meaning given that term in section 
                3(p) of the Small Business Act (15 U.S.C. 632(o)).''.
            (3) Regulations.--Section 7505(c) of title 31, United 
        States Code, is amended by striking ``small business concerns 
        and'' and inserting ``small business concerns, qualified 
        HUBZone small business concerns, and''.
    (f) Office of Federal Procurement Policy Act.--
            (1) Enumeration of included functions.--Section 6(d) of the 
        Office of Federal Procurement Policy Act (41 U.S.C. 405(d)) is 
        amended--
                    (A) in paragraph (11), by inserting ``qualified 
                HUBZone small business concerns (as that term is 
                defined in section 3(p) of the Small Business Act),'' 
                after ``small businesses,''; and
                    (B) in paragraph (12), by inserting ``qualified 
                HUBZone small business concerns (as that term is 
                defined in section 3(p) of the Small Business Act (15 
                U.S.C. 632(o)),'' after ``small businesses,''.
            (2) Procurement data.--Section 502 of the Women's Business 
        Ownership Act of 1988 (41 U.S.C. 417a) is amended--
                    (A) in subsection (a)--
                            (i) in the first sentence, by inserting 
                        ``the number of qualified HUBZone small 
                        business concerns,'' after ``Procurement 
                        Policy''; and
                            (ii) by inserting a comma after ``women''; 
                        and
                    (B) in subsection (b), by inserting after ``section 
                204 of this Act'' the following: ``, and the term 
                `qualified HUBZone small business concern' has the 
                meaning given that term in section 3(p) of the Small 
                Business Act (15 U.S.C. 632(o)).''.
    (g) Energy Policy Act of 1992.--Section 3021 of the Energy Policy 
Act of 1992 (42 U.S.C. 13556) is amended--
            (1) in subsection (a)--
                    (A) in paragraph (2), by striking ``or'';
                    (B) in paragraph (3), by striking the period and 
                inserting ``; or''; and
                    (C) by adding at the end the following:
            ``(4) qualified HUBZone small business concerns.''; and
            (2) in subsection (b), by adding at the end the following:
            ``(3) The term `qualified HUBZone small business concern' 
        has the meaning given that term in section 3(p) of the Small 
        Business Act (15 U.S.C. 632(o)).''.
    (h) Title 49, United States Code.--
            (1) Project grant application approval conditioned on 
        assurances about airport operation.--Section 47107(e) of title 
        49, United States Code, is amended--
                    (A) in paragraph (1), by inserting before the 
                period ``or qualified HUBZone small business concerns 
                (as that term is defined in section 3(p) of the Small 
                Business Act)'';
                    (B) in paragraph (4)(B), by inserting before the 
                period ``or as a qualified HUBZone small business 
                concern (as that term is defined in section 3(p) of the 
                Small Business Act)''; and
                    (C) in paragraph (6), by inserting ``or a qualified 
                HUBZone small business concern (as that term is defined 
                in section 3(p) of the Small Business Act)'' after 
                ``disadvantaged individual''.
            (2) Minority and disadvantaged business participation.--
        Section 47113 of title 49, United States Code, is amended--
                    (A) in subsection (a)--
                            (i) in paragraph (1), by striking the 
                        period at the end and inserting a semicolon;
                            (ii) in paragraph (2), by striking the 
                        period at the end and inserting ``; and''; and
                            (iii) by adding at the end the following:
            ``(3) the term `qualified HUBZone small business concern' 
        has the meaning given that term in section 3(p) of the Small 
        Business Act (15 U.S.C. 632(o)).''; and
                    (B) in subsection (b), by inserting before the 
                period ``or qualified HUBZone small business 
                concerns''.

SEC. 605. REGULATIONS.

    (a) In General.--Not later than 180 days after the date of 
enactment of this Act, the Administrator of the Small Business 
Administration shall publish in the Federal Register such final 
regulations as may be necessary to carry out this title and the 
amendments made by this title.
    (b) Federal Acquisition Regulation.--Not later than 180 days after 
the date on which final regulations are published under subsection (a), 
the Federal Acquisition Regulatory Council shall amend the Federal 
Acquisition Regulation in order to ensure consistency between the 
Federal Acquisition Regulation, this title and the amendments made by 
this title, and the final regulations published under subsection (a).

SEC. 606. REPORT.

    Not later than March 1, 2000, the Administrator of the Small 
Business Administration shall submit to the Committees on Small 
Business of the House of Representatives and the Senate a report on the 
implementation of the HUBZone program established under section 31 of 
the Small Business Act (as amended by this title) and the degree to 
which the HUBZone program has resulted in increased employment 
opportunities and an increased level of investment in HUBZones (as that 
term is defined in section 3(p) of the Small Business Act, as added by 
this title).

SEC. 607. AUTHORIZATION OF APPROPRIATIONS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) (as 
amended by section 101 of this Act) is amended--
            (1) in subsection (c), by adding at the end the following:
            ``(3) HUBZone program.--There are authorized to be 
        appropriated to the Administration to carry out the program 
        under section 31, $5,000,000 for fiscal year 1998.'';
            (2) in subsection (d), by adding at the end the following:
            ``(3) HUBZone program.--There are authorized to be 
        appropriated to the Administration to carry out the program 
        under section 31, $5,000,000 for fiscal year 1999.''; and
            (3) in subsection (e), by adding at the end the following:
            ``(3) HUBZone program.--There are authorized to be 
        appropriated to the Administration to carry out the program 
        under section 31, $5,000,000 for fiscal year 2000.''.

            Passed the Senate September 9, 1997.

            Attest:

                                                             Secretary.
105th CONGRESS

  1st Session

                                S. 1139

_______________________________________________________________________

                                 AN ACT

 To reauthorize the programs of the Small Business Administration, and 
                          for other purposes.