[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 413 Reported in House (RH)]





                                                 Union Calendar No. 126

106th CONGRESS

  1st Session

                               H. R. 413

                  [Report No. 106-184, Parts I and II]

_______________________________________________________________________

                                 A BILL

 To authorize qualified organizations to provide technical assistance 
     and capacity building services to microenterprise development 
  organizations and programs and to disadvantaged entrepreneurs using 
 funds from the Community Development Financial Institutions Fund, and 
                          for other purposes.

_______________________________________________________________________

                              July 2, 1999

   Reported from the Committee on Small Business with an amendment, 
   committed to the Committee of the Whole House on the State of the 
                    Union, and ordered to be printed





                                                 Union Calendar No. 126
106th CONGRESS
  1st Session
                                H. R. 413

                  [Report No. 106-184, Parts I and II]

 To authorize qualified organizations to provide technical assistance 
     and capacity building services to microenterprise development 
  organizations and programs and to disadvantaged entrepreneurs using 
 funds from the Community Development Financial Institutions Fund, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 19, 1999

 Mr. Rush (for himself, Mr. Leach, Mr. LaFalce, Mr. Vento, Mr. Olver, 
Ms. Kilpatrick, Mrs. Maloney of New York, Ms. DeGette, Mr. Metcalf, and 
 Mr. Frank of Massachusetts) introduced the following bill; which was 
      referred to the Committee on Banking and Financial Services

                             June 14, 1999

     Reported and referred to the Committee on Small Business for 
    consideration of such provisions of the bill as fall within the 
     jurisdiction of that committee pursuant to clause 1(o), rule X

                              July 2, 1999

Additional sponsors: Mr. Underwood, Ms. Carson, Mr. Filner, Mr. Stark, 
 Ms. Lee, Mrs. Roukema, Mr. Pastor, Ms. Lofgren, Mr. Lantos, Mrs. Meek 
of Florida, Mr. Luther, Mr. Dicks, Mr. Udall of Colorado, Mrs. Jones of 
  Ohio, Mr. George Miller of California, Mr. Oberstar, Ms. Eshoo, Mr. 
Capuano, Mr. Bilbray, Mrs. Christensen, Mr. Hinchey, Mr. Brown of Ohio, 
Ms. Norton, Mr. Cook, Ms. Eddie Bernice Johnson of Texas, Mr. Martinez, 
 Ms. Berkley, Mrs. Thurman, Mr. Baldacci, Mr. Thompson of Mississippi, 
 Mr. Conyers, Mr. Dixon, Mr. Taylor of North Carolina, Mrs. Capps, Mr. 
 Clement, Mr. Brown of California, Ms. Woolsey, Mr. Davis of Illinois, 
Mr. Meeks of New York, Mr. Gonzalez, Ms. Schakowsky, Mr. Faleomavaega, 
  Mr. Becerra, Mr. Price of North Carolina, Mr. Bentsen, Mr. Hall of 
   Ohio, Mr. Boucher, Mr. Boehlert, Mr. Gejdenson, Ms. McKinney, Mr. 
  Barrett of Wisconsin, Ms. Jackson-Lee of Texas, Mr. McCollum, Mrs. 
 Kelly, Mr. Andrews, Mr. Campbell, Mr. Farr of California, Mr. Inslee, 
Mr. Lewis of Georgia, Mr. Smith of New Jersey, Mrs. Morella, Mr. Mica, 
 Mr. Gutierrez, Mr. Ackerman, Mrs. Wilson, Mr. Walsh, Mr. Spence, Mrs. 
Clayton, Mr. Jefferson, Ms. Brown of Florida, Mr. Hilliard, Mr. Towns, 
   Mr. Thompson of California, Mr. Owens, Mr. Frost, Mr. Hastings of 
Florida, Mr. Payne, Mr. Neal of Massachusetts, Mrs. Mink of Hawaii, Mr. 
  Lucas of Oklahoma, Ms. Millender-McDonald, Mr. Hinojosa, Ms. Roybal-
Allard, Mr. Rangel, Mr. Watts of Oklahoma, Mr. Sherman, Mr. Moore, Mr. 
    Greenwood, Mrs. McCarthy of New York, Ms. Hooley of Oregon, Mr. 
Lampson, Mr. Allen, Mr. Wynn, Mrs. Tauscher, Mr. Holt, Mr. Castle, Mr. 
    Fattah, Mr. Udall of New Mexico, Mr. Abercrombie, and Mr. Berman

                              July 2, 1999

   Reported from the Committee on Small Business with an amendment, 
   committed to the Committee of the Whole House on the State of the 
                    Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]

_______________________________________________________________________

                                 A BILL


 
 To authorize qualified organizations to provide technical assistance 
     and capacity building services to microenterprise development 
  organizations and programs and to disadvantaged entrepreneurs using 
 funds from the Community Development Financial Institutions Fund, and 
                          for other purposes.

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

<DELETED>SECTION 1. PROVISION OF TECHNICAL ASSISTANCE TO 
              MICROENTERPRISES.</DELETED>

<DELETED>    Title I of the Riegle Community Development and Regulatory 
Improvement Act of 1994 (12 U.S.C. 4701 et seq.) is amended by adding 
at the end the following new subtitle:</DELETED>

    <DELETED>``Subtitle C--Microenterprise Technical Assistance and 
                  Capacity Building Program</DELETED>

<DELETED>``SEC. 171. SHORT TITLE.</DELETED>

<DELETED>    ``This subtitle may be cited as the `Program for 
Investment in Microentrepreneurs Act of 1999', also referred to as the 
`PRIME Act'.</DELETED>

<DELETED>``SEC. 172. DEFINITIONS.</DELETED>

<DELETED>    ``For purposes of this subtitle--</DELETED>
        <DELETED>    ``(1) the term `Administrator' has the same 
        meaning as in section 103;</DELETED>
        <DELETED>    ``(2) the term `capacity building services' means 
        services provided to an organization that is, or is in the 
        process of becoming a microenterprise development organization 
        or program, for the purpose of enhancing its ability to provide 
        training and services to disadvantaged entrepreneurs;</DELETED>
        <DELETED>    ``(3) the term `collaborative' means 2 or more 
        nonprofit entities that agree to act jointly as a qualified 
        organization under this subtitle;</DELETED>
        <DELETED>    ``(4) the term `disadvantaged entrepreneur' means 
        a microentrepreneur that is--</DELETED>
                <DELETED>    ``(A) a low-income person;</DELETED>
                <DELETED>    ``(B) a very low-income person; 
                or</DELETED>
                <DELETED>    ``(C) an entrepreneur that lacks adequate 
                access to capital or other resources essential for 
                business success, or is economically disadvantaged, as 
                determined by the Administrator;</DELETED>
        <DELETED>    ``(5) the term `Fund' has the same meaning as in 
        section 103;</DELETED>
        <DELETED>    ``(6) the term `Indian tribe' has the same meaning 
        as in section 103;</DELETED>
        <DELETED>    ``(7) the term `intermediary' means a private, 
        nonprofit entity that seeks to serve microenterprise 
        development organizations and programs as authorized under 
        section 175;</DELETED>
        <DELETED>    ``(8) the term `low-income person' has the same 
        meaning as in section 103;</DELETED>
        <DELETED>    ``(9) the term `microentrepreneur' means the owner 
        or developer of a microenterprise;</DELETED>
        <DELETED>    ``(10) the term `microenterprise' means a sole 
        proprietorship, partnership, or corporation that--</DELETED>
                <DELETED>    ``(A) has fewer than 5 employees; 
                and</DELETED>
                <DELETED>    ``(B) generally lacks access to 
                conventional loans, equity, or other banking 
                services;</DELETED>
        <DELETED>    ``(11) the term `microenterprise development 
        organization or program' means a nonprofit entity, or a program 
        administered by such an entity, including community development 
        corporations or other nonprofit development organizations and 
        social service organizations, that provides services to 
        disadvantaged entrepreneurs or prospective 
        entrepreneurs;</DELETED>
        <DELETED>    ``(12) the term `training and technical 
        assistance' means services and support provided to 
        disadvantaged entrepreneurs or prospective entrepreneurs, such 
        as assistance for the purpose of enhancing business planning, 
        marketing, management, financial management skills, and 
        assistance for the purpose of accessing financial services; 
        and</DELETED>
        <DELETED>    ``(13) the term `very low-income person' means 
        having an income, adjusted for family size, of not more than 
        150 percent of the poverty line (as defined in section 673(2) 
        of the Community Services Block Grant Act (42 U.S.C. 9902(2), 
        including any revision required by that section).</DELETED>

<DELETED>``SEC. 173. ESTABLISHMENT OF PROGRAM.</DELETED>

<DELETED>    ``The Administrator shall establish a microenterprise 
technical assistance and capacity building grant program to provide 
assistance from the Fund in the form of grants to qualified 
organizations in accordance with this subtitle.</DELETED>

<DELETED>``SEC. 174. USES OF ASSISTANCE.</DELETED>

<DELETED>    ``A qualified organization shall use grants made under 
this subtitle--</DELETED>
        <DELETED>    ``(1) to provide training and technical assistance 
        to disadvantaged entrepreneurs;</DELETED>
        <DELETED>    ``(2) to provide training and capacity building 
        services to microenterprise development organizations and 
        programs and groups of such organizations to assist such 
        organizations and programs in developing microenterprise 
        training and services;</DELETED>
        <DELETED>    ``(3) to aid in researching and developing the 
        best practices in the field of microenterprise and technical 
        assistance programs for disadvantaged entrepreneurs; 
        and</DELETED>
        <DELETED>    ``(4) for such other activities as the 
        Administrator determines are consistent with the purposes of 
        this subtitle.</DELETED>

<DELETED>``SEC. 175. QUALIFIED ORGANIZATIONS.</DELETED>

<DELETED>    ``For purposes of eligibility for assistance under this 
subtitle, a qualified organization shall be--</DELETED>
        <DELETED>    ``(1) a nonprofit microenterprise development 
        organization or program (or a group or collaborative thereof) 
        that has a demonstrated record of delivering microenterprise 
        services to disadvantaged entrepreneurs;</DELETED>
        <DELETED>    ``(2) an intermediary;</DELETED>
        <DELETED>    ``(3) a microenterprise development organization 
        or program that is accountable to a local community, working in 
        conjunction with a State or local government or Indian tribe; 
        or</DELETED>
        <DELETED>    ``(4) an Indian tribe acting on its own, if the 
        Indian tribe can certify that no private organization or 
        program referred to in this paragraph exists within its 
        jurisdiction.</DELETED>

<DELETED>``SEC. 176. ALLOCATION OF ASSISTANCE; SUBGRANTS.</DELETED>

<DELETED>    ``(a) Allocation of Assistance.--</DELETED>
        <DELETED>    ``(1) In general.--The Administrator shall 
        allocate assistance from the Fund under this subtitle to ensure 
        that--</DELETED>
                <DELETED>    ``(A) activities described in section 
                174(1) are funded using not less than 75 percent of 
                amounts made available for such assistance; 
                and</DELETED>
                <DELETED>    ``(B) activities described in section 
                174(2) are funded using not less than 15 percent of 
                amounts made available for such assistance.</DELETED>
        <DELETED>    ``(2) Limit on individual assistance.--No single 
        organization or entity may receive more than 10 percent of the 
        total funds appropriated under this subtitle in a single fiscal 
        year.</DELETED>
<DELETED>    ``(b) Targeted Assistance.--The Administrator shall ensure 
that not less than 50 percent of the grants made under this subtitle 
are used to benefit very low-income persons, including those residing 
on Indian reservations.</DELETED>
<DELETED>    ``(c) Subgrants Authorized.--</DELETED>
        <DELETED>    ``(1) In general.--A qualified organization 
        receiving assistance under this subtitle may provide grants 
        using that assistance to qualified small and emerging 
        microenterprise organizations and programs, subject to such 
        rules and regulations as the Administrator determines to be 
        appropriate.</DELETED>
        <DELETED>    ``(2) Limit on administrative expenses.--Not more 
        than 7.5 percent of assistance received by a qualified 
        organization under this subtitle may be used for administrative 
        expenses in connection with the making of subgrants under 
        paragraph (1).</DELETED>
<DELETED>    ``(d) Diversity.--In making grants under this subtitle, 
the Administrator shall ensure that grant recipients include both large 
and small microenterprise organizations, serving urban, rural, and 
Indian tribal communities and racially and ethnically diverse 
populations.</DELETED>

<DELETED>``SEC. 177. MATCHING REQUIREMENTS.</DELETED>

<DELETED>    ``(a) In General.--Financial assistance under this 
subtitle shall be matched with funds from sources other than the 
Federal Government on the basis of not less than 50 percent of each 
dollar provided by the Fund.</DELETED>
<DELETED>    ``(b) Sources of Matching Funds.--Fees, grants, gifts, 
funds from loan sources, and in-kind resources of a grant recipient 
from public or private sources may be used to comply with the matching 
requirement in subsection (a).</DELETED>
<DELETED>    ``(c) Exception.--</DELETED>
        <DELETED>    ``(1) In general.--In the case of an applicant for 
        assistance under this subtitle with severe constraints on 
        available sources of matching funds, the Administrator may 
        reduce or eliminate the matching requirements of subsection 
        (a).</DELETED>
        <DELETED>    ``(2) Limitation.--Not more than 10 percent of the 
        total funds made available from the Fund in any fiscal year to 
        carry out this subtitle may be excepted from the matching 
        requirements of subsection (a), as authorized by paragraph (1) 
        of this subsection.</DELETED>

<DELETED>``SEC. 178. APPLICATIONS FOR ASSISTANCE.</DELETED>

<DELETED>    ``An application for assistance under this subtitle shall 
be submitted in such form and in accordance with such procedures as the 
Fund shall establish.</DELETED>

<DELETED>``SEC. 179. RECORDKEEPING.</DELETED>

<DELETED>    ``The requirements of section 115 shall apply to a 
qualified organization receiving assistance from the Fund under this 
subtitle as if it were a community development financial institution 
receiving assistance from the Fund under subtitle A.</DELETED>

<DELETED>``SEC. 180. AUTHORIZATION.</DELETED>

<DELETED>    ``In addition to funds otherwise authorized to be 
appropriated to the Fund to carry out this title, there are authorized 
to be appropriated to the Fund to carry out this subtitle--</DELETED>
        <DELETED>    ``(1) $15,000,000 for fiscal year 2000;</DELETED>
        <DELETED>    ``(2) $25,000,000 for fiscal year 2001;</DELETED>
        <DELETED>    ``(3) $30,000,000 for fiscal year 2002; 
        and</DELETED>
        <DELETED>    ``(4) $35,000,000 for fiscal year 2003.</DELETED>

<DELETED>``SEC. 181. IMPLEMENTATION.</DELETED>

<DELETED>    ``The Administrator shall, by regulation, establish such 
requirements as may be necessary to carry out this 
subtitle.''.</DELETED>

<DELETED>SEC. 2. ADMINISTRATIVE EXPENSES.</DELETED>

<DELETED>    Section 121(a)(2)(A) of the Riegle Community Development 
and Regulatory Improvement Act of 1994 (12 U.S.C. 4718(a)(2)(A)) is 
amended--</DELETED>
        <DELETED>    (1) by striking ``$5,550,000'' and inserting 
        ``$6,100,000''; and</DELETED>
        <DELETED>    (2) in the first sentence, by inserting before the 
        period ``, including costs and expenses associated with 
        carrying out subtitle C''.</DELETED>

<DELETED>SEC. 3. CONFORMING AMENDMENTS.</DELETED>

<DELETED>    Section 104(d) of the Riegle Community Development and 
Regulatory Improvement Act of 1994 (12 U.S.C. 4703(d)) is amended--
</DELETED>
        <DELETED>    (1) in paragraph (2)--</DELETED>
                <DELETED>    (A) by striking ``15'' and inserting 
                ``17'';</DELETED>
                <DELETED>    (B) in subparagraph (G)--</DELETED>
                        <DELETED>    (i) by striking ``9'' and 
                        inserting ``11'';</DELETED>
                        <DELETED>    (ii) by redesignating clauses (iv) 
                        and (v) as clauses (v) and (vi), respectively; 
                        and</DELETED>
                        <DELETED>    (iii) by inserting after clause 
                        (iii) the following:</DELETED>
                        <DELETED>    ``(iv) 2 individuals who have 
                        expertise in microenterprises and 
                        microenterprise development;''; and</DELETED>
        <DELETED>    (2) in paragraph (4), in the first sentence, by 
        inserting before the period ``and subtitle C''.</DELETED>

SECTION 1. PROVISION OF TECHNICAL ASSISTANCE TO MICROENTERPRISES.

    Title I of the Riegle Community Development and Regulatory 
Improvement Act of 1994 (12 U.S.C. 4701 et seq.) is amended by adding 
at the end the following new subtitle:

    ``Subtitle C--Microenterprise Technical Assistance and Capacity 
                            Building Program

``SEC. 171. SHORT TITLE.

    ``This subtitle may be cited as the `Program for Investment in 
Microentrepreneurs Act of 1999', also referred to as the `PRIME Act'.

``SEC. 172. DEFINITIONS.

    ``For purposes of this subtitle--
            ``(1) the term `Administrator' has the same meaning as in 
        section 103;
            ``(2) the term `capacity building services' means services 
        provided to an organization that is, or is in the process of 
        becoming, a microenterprise development organization or 
        program, for the purpose of enhancing its ability to provide 
        training and services to disadvantaged entrepreneurs;
            ``(3) the term `collaborative' means, with respect to 2 or 
        more nonprofit entities, having agreed to act jointly as a 
        qualified organization under this subtitle;
            ``(4) the term `disadvantaged entrepreneur' means a 
        microentrepreneur that is--
                    ``(A) a low-income person;
                    ``(B) a very low-income person; or
                    ``(C) an entrepreneur who lacks adequate access to 
                capital or other resources essential for business 
                success, or is economically disadvantaged, as 
                determined by the Administrator;
            ``(5) the term `Fund' has the same meaning as in section 
        103;
            ``(6) the term `Indian tribe' has the same meaning as in 
        section 103;
            ``(7) the term `intermediary' means a private, nonprofit 
        entity that seeks to serve microenterprise development 
        organizations and programs;
            ``(8) the term `low-income person' has the same meaning as 
        in section 103;
            ``(9) the term `microentrepreneur' means the owner or 
        developer of a microenterprise;
            ``(10) the term `microenterprise' means a sole 
        proprietorship, partnership, or corporation that--
                    ``(A) has fewer than 5 employees; and
                    ``(B) generally lacks access to conventional loans, 
                equity, or other banking services;
            ``(11) the term `microenterprise development organization 
        or program' means a nonprofit entity, or a program administered 
        by such an entity, including community development corporations 
        or other nonprofit development organizations and social service 
        organizations, that provides services to disadvantaged 
        entrepreneurs or prospective entrepreneurs;
            ``(12) the term `training and technical assistance' means 
        services and support provided to disadvantaged entrepreneurs or 
        prospective entrepreneurs, such as assistance for the purpose 
        of enhancing business planning, marketing, management, 
        financial management skills, and assistance for the purpose of 
        accessing financial services; and
            ``(13) the term `very low-income person' means having an 
        income, adjusted for family size, of not more than 150 percent 
        of the poverty line (as defined in section 673(2) of the 
        Community Services Block Grant Act (42 U.S.C. 9902(2), 
        including any revision required by that section).

``SEC. 173. ESTABLISHMENT OF PROGRAM.

    ``The Administrator shall establish a microenterprise technical 
assistance and capacity building grant program to provide assistance 
from the Fund in the form of grants to qualified organizations in 
accordance with this subtitle.

``SEC. 174. USES OF ASSISTANCE.

    ``A qualified organization shall use grants made under this 
subtitle--
            ``(1) to provide training and technical assistance to 
        disadvantaged entrepreneurs;
            ``(2) to provide training and capacity building services to 
        microenterprise development organizations and programs and 
        groups of such organizations to assist such organizations and 
        programs in developing microenterprise training and services;
            ``(3) to aid in researching and developing the best 
        practices in the field of microenterprise and technical 
        assistance programs for disadvantaged entrepreneurs; and
            ``(4) for such other activities as the Administrator 
        determines are consistent with the purposes of this subtitle, 
        except that grant amounts may not be used to make loans of any 
        kind.

``SEC. 175. QUALIFIED ORGANIZATIONS.

    ``For purposes of eligibility for assistance under this subtitle, a 
qualified organization shall be--
            ``(1) a nonprofit microenterprise development organization 
        or program (or a group or collaborative thereof) that has a 
        demonstrated record of delivering microenterprise services to 
        disadvantaged entrepreneurs;
            ``(2) an intermediary;
            ``(3) a microenterprise development organization or program 
        that is accountable to a local community, and is working in 
        conjunction with a State or local government or Indian tribe; 
        or
            ``(4) an Indian tribe acting on its own, if the Indian 
        tribe certifies that no private organization or program 
        referred to in this paragraph exists within its jurisdiction.

``SEC. 176. ALLOCATION OF ASSISTANCE; SUBGRANTS.

    ``(a) Allocation of Assistance.--
            ``(1) In general.--The Administrator shall allocate 
        assistance from the Fund under this subtitle to ensure that--
                    ``(A) activities described in section 174(1) are 
                funded using not less than 75 percent of amounts made 
                available for such assistance; and
                    ``(B) activities described in section 174(2) are 
                funded using not less than 15 percent of amounts made 
                available for such assistance.
            ``(2) Limit on individual assistance.--No single 
        organization or entity may receive more than 10 percent of the 
        total funds appropriated under this subtitle in a single fiscal 
        year.
    ``(b) Targeted Assistance.--The Administrator shall ensure that not 
less than 50 percent of the grants made under this subtitle are used to 
benefit very low-income persons, including those residing on Indian 
reservations.
    ``(c) Subgrants Authorized.--
            ``(1) In general.--A qualified organization receiving 
        assistance under this subtitle may provide grants using that 
        assistance to qualified small and emerging microenterprise 
        organizations and programs, subject to such rules and 
        regulations as the Administrator determines to be appropriate.
            ``(2) Limit on administrative expenses.--Not more than 7.5 
        percent of assistance received by a qualified organization 
        under this subtitle may be used for administrative expenses in 
        connection with the making of subgrants under paragraph (1).
    ``(d) Diversity.--In making grants under this subtitle, the 
Administrator shall ensure that grant recipients include both large and 
small microenterprise organizations, serving urban, rural, and Indian 
tribal communities and racially and ethnically diverse populations.
    ``(e) Consideration of Intermediaries Participating in Microloan 
Program.--The Administrator shall establish and use criteria for 
selecting applications for grants under this subtitle from among 
applications that meet the requirements under this subtitle for 
approval for a grant, which--
            ``(1) may not exclude from consideration any application 
        made by a qualified organization that is a participant in the 
        program established under section 7(m) of the Small Business 
        Act (15 U.S.C. 636(m)); and
            ``(2) shall provide positive consideration to an 
        application made by a qualified organization that is a 
        participant in the program established under section 7(m) of 
        the Small Business Act (15 U.S.C. 636(m)).

``SEC. 177. MATCHING REQUIREMENTS.

    ``(a) In General.--Financial assistance under this subtitle shall 
be matched with funds from sources other than the Federal Government on 
the basis of not less than 50 percent of each dollar provided by the 
Fund.
    ``(b) Sources of Matching Funds.--Fees, grants, gifts, funds from 
loan sources, and in-kind resources of a grant recipient from public or 
private sources may be used to comply with the matching requirement in 
subsection (a).
    ``(c) Exception.--
            ``(1) In general.--In the case of an applicant for 
        assistance under this subtitle with severe constraints on 
        available sources of matching funds, the Administrator may 
        reduce or eliminate the matching requirements of subsection 
        (a).
            ``(2) Limitation.--Not more than 10 percent of the total 
        funds made available from the Fund in any fiscal year to carry 
        out this subtitle may be excepted from the matching 
        requirements of subsection (a), as authorized by paragraph (1) 
        of this subsection.

``SEC. 178. APPLICATIONS FOR ASSISTANCE.

    ``An application for assistance under this subtitle shall be 
submitted in such form and in accordance with such procedures as the 
Fund shall establish.

``SEC. 179. RECORDKEEPING.

    ``The requirements of section 115 shall apply to a qualified 
organization receiving assistance from the Fund under this subtitle as 
if it were a community development financial institution receiving 
assistance from the Fund under subtitle A.

``SEC. 180. REPORT.

    ``Not later than 1 year after the date that the first grant is 
awarded under this subtitle, the Administrator shall submit to the 
Committees on Banking and Financial Services and Small Business of the 
House of Representatives and the Committees on Banking, Housing, and 
Urban Affairs and Small Business of the Senate a report on the 
microenterprise technical assistance and capacity building program 
under this subtitle, which shall include the Administrator's evaluation 
of the effectiveness of the first year of operation of the program and 
the following information:
            ``(1) The number and locations of the qualified 
        organizations funded under the grant program.
            ``(2) The amount of each grant made to a qualified 
        organization.
            ``(3) A description of the matching contributions provided 
        in accordance with section 177 by each qualified organization 
        receiving a grant.
            ``(4) The numbers and amounts of subgrants made by 
        qualified organizations to microenterprise concerns.
            ``(5) For each grant made under the program, the purpose 
        for which the grant funds were used.

``SEC. 181. AUTHORIZATION.

    ``In addition to funds otherwise authorized to be appropriated to 
the Fund to carry out this title, there are authorized to be 
appropriated to the Fund to carry out this subtitle--
            ``(1) $15,000,000 for fiscal year 2000;
            ``(2) $25,000,000 for fiscal year 2001;
            ``(3) $30,000,000 for fiscal year 2002; and
            ``(4) $35,000,000 for fiscal year 2003.

``SEC. 182. IMPLEMENTATION.

    ``(a) Regulations.--The Administrator shall, by regulation, 
establish such requirements as may be necessary to carry out this 
subtitle. The Administrator of the Fund shall submit a copy of any such 
proposed, preliminary, interim, or final regulation to the 
Administrator of the Small Business Administrator for review and 
comment by such Administrator, and shall review any comments of such 
Administrator submitted pursuant to such review. No regulation issued 
to carry out this subtitle may take effect before the expiration of the 
60-day period beginning upon the submission of such regulation to the 
Administrator of the Small Business Administration.
    ``(b) Coordination with Small Business Administration.--Not later 
than 60 days after the date of the enactment of this section, the 
Administrator of the Fund and the Administrator of the Small Business 
Administration shall conduct any necessary consultations and enter into 
a memorandum of understanding providing that the program under this 
subtitle and the microloan program under section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)) will be carried out in conjunction and 
coordination with each other in a manner that advances the purposes of 
both such programs. Notwithstanding any other provision of this 
subtitle, the Administrator of the Fund may not make any grant under 
this subtitle before such memorandum of understanding is agreed to.''.

SEC. 2. ADMINISTRATIVE EXPENSES.

    Section 121(a)(2)(A) of the Riegle Community Development and 
Regulatory Improvement Act of 1994 (12 U.S.C. 4718(a)(2)(A)) is 
amended--
            (1) by striking ``$5,550,000'' and inserting 
        ``$6,100,000''; and
            (2) in the first sentence, by inserting before the period 
        ``, including costs and expenses associated with carrying out 
        subtitle C''.

SEC. 3. CONFORMING AMENDMENTS.

    (a) In General.--Section 104(d) of the Riegle Community Development 
and Regulatory Improvement Act of 1994 (12 U.S.C. 4703(d)) is amended--
            (1) in paragraph (2)--
                    (A) by striking ``15'' and inserting ``17'';
                    (B) in subparagraph (G)--
                            (i) by striking ``9'' and inserting ``11'';
                            (ii) by redesignating clauses (iv) and (v) 
                        as clauses (v) and (vi), respectively; and
                            (iii) by inserting after clause (iii) the 
                        following:
                            ``(iv) 2 individuals who have expertise in 
                        microenterprises and microenterprise 
                        development;''; and
            (2) in paragraph (4), in the first sentence, by inserting 
        before the period ``and subtitle C''.
    (b) Table of Contents.--The table of contents in section 1(b) is 
amended by adding after the item relating to section 158 the following:

    ``Subtitle C--Microenterprise Technical Assistance and Capacity 
                            Building Program

``Sec. 171. Short title.
``Sec. 172. Definitions.
``Sec. 173. Establishment of program.
``Sec. 174. Uses of assistance.
``Sec. 175. Qualified organizations.
``Sec. 176. Allocation of assistance; subgrants.
``Sec. 177. Matching requirements.
``Sec. 178. Applications for assistance.
``Sec. 179. Recordkeeping.
``Sec. 180. Report.
``Sec. 181. Authorization.
``Sec. 182. Implementation.''.