[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3843 Referred in Senate (RFS)]

  2d Session
                                H. R. 3843


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 20, 2000

  Received; read twice and referred to the Committee on Small Business

_______________________________________________________________________

                                 AN ACT


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

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

SECTION 1. SHORT TITLE.

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

SEC. 2. REAUTHORIZATION OF SMALL BUSINESS PROGRAMS.

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

SEC. 3. ADDITIONAL REAUTHORIZATIONS.

    (a) Small Business Development Centers Program.--Section 
21(a)(4)(C)(iii)(III) of the Small Business Act (15 U.S.C. 
648(a)(4)(C)(iii)(III)) is amended by striking ``$95,000,000'' and 
inserting ``$125,000,000''.
    (b) Drug-Free Workplace Program.--Section 27(g)(1) of the Small 
Business Act (15 U.S.C. 654(g)(1)) is amended by striking ``$10,000,000 
for fiscal years 1999 and 2000'' and inserting ``$5,000,000 for each of 
fiscal years 2001 through 2003''.
    (c) HUBZone Program.--Section 31 of the Small Business Act (15 
U.S.C. 657a) is amended by adding at the end the following new 
subsection:
    ``(d) Authorization of Appropriations.--There is authorized to be 
appropriated to carry out the program established by this section 
$10,000,000 for each of fiscal years 2001 through 2003.''.
    (d) Women's Business Enterprise Development Programs.--Section 411 
of the Women's Business Ownership Act (Public Law 105-135; 15 U.S.C. 
631 note) is amended by striking ``$600,000, for each of fiscal years 
1998 through 2000,'' and inserting ``$1,000,000 for each of fiscal 
years 2001 through 2003,''.
    (e) Very Small Business Concerns Program.--Section 304(i) of the 
Small Business Administration Reauthorization and Amendments Act of 
1994 (Public Law 103-403; 15 U.S.C. 644 note) is amended by striking 
``September 30, 2000'' and inserting ``September 30, 2003''.
    (f) Socially and Economically Disadvantaged Businesses Program.--
Section 7102(c) of the Federal Acquisition Streamlining Act of 1994 
(Public Law 103-355; 15 U.S.C. 644 note) is amended by striking 
``September 30, 2000'' and inserting ``September 30, 2003''.

SEC. 4. LOAN APPLICATION PROCESSING.

    (a) Study.--The Administrator of the Small Business Administration 
shall conduct a study to determine the average time that the 
Administration requires to process an application for each type of loan 
or loan guarantee made under the Small Business Act (15 U.S.C. 631 et 
seq.).
    (b) Transmittal.--Not later than 1 year after the date of the 
enactment of this section, the Administrator shall transmit to Congress 
the results of the study conducted under paragraph (1).

            Passed the House of Representatives March 15, 2000.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.

                              By Martha C. Morris,

                                                          Deputy Clerk.