Short title; table of contents

(a)

Short title

This Act may be cited as the

Small Business Programs Act of 2007

. (b)

Table of contents

The table of contents for this Act is as follows:

Sec. 1. Short title; table of contents.

Sec. 2. Reauthorization of small business programs.

Sec. 3. BusinessLINC grants reauthorization.

Sec. 4. Small Business Development Center Program reauthorization.

Sec. 5. Women’s Business Center Program reauthorization.

Sec. 6. HUBZone reauthorization.

Sec. 7. Office of Veterans Business Development reauthorization.

Sec. 8. Advisory Committee on Veterans Business Affairs extension.

Sec. 9. National Women’s Business Council reauthorization.

Reauthorization of small business programs

Section 20 of the Small Business Act (15 U.S.C. 631 note) is amended— (1)by striking subsections (b), (d), and (j); (2)by redesignating subsections (c) and (e) as (b) and (c), respectively; (3)in subsection (b) (as so redesignated; disaster mitigation pilot program) by striking 2005 and 2006 and inserting 2008 and 2009, respectively; and (4)by inserting after subsection (c) (as so redesignated) the following:

(d)

Fiscal year 2008

(1)

Program levels

The following program levels are authorized for fiscal year 2008: (A)For the programs authorized by this Act, the Administration is authorized to make— (i)$80,000,000 in technical assistance grants, as provided in section 7(m); and (ii)$110,000,000 in direct loans, as provided in 7(m). (B)For the programs authorized by this Act, the Administration is authorized to make $29,300,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— (i)$20,000,000,000 in general business loans, as provided in section 7(a); (ii)$8,500,000,000 in certified development company financings, as provided in section 7(a)(13) and as provided in section 504 of the Small Business Investment Act of 1958; (iii)$750,000,000 in loans, as provided in section 7(a)(21); and (iv)$50,000,000 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 $4,000,000,000 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 50 percent 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 authorization

There are authorized to be appropriated to the Administration for fiscal year 2008 $20,000,000 to carry out the PRIME program. (e)

Fiscal year 2009

(1)

Program levels

The following program levels are authorized for fiscal year 2009: (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)$120,000,000 in direct loans, as provided in 7(m). (B)For the programs authorized by this Act, the Administration is authorized to make $29,800,000,000 in deferred participation loans and other financings. Of such sum, the Administration is authorized to make— (i)$20,000,000,000 in general business loans, as provided in section 7(a); (ii)$9,000,000,000 in certified development company financings, as provided in section 7(a)(13) and as provided in section 504 of the Small Business Investment Act of 1958; (iii)$750,000,000 in loans, as provided in section 7(a)(21); and (iv)$50,000,000 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 $4,000,000,000 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 50 percent 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 authorization

There are authorized to be appropriated to the Administration for fiscal year 2009 $20,000,000 to carry out the PRIME program.

BusinessLINC grants reauthorization

Section 8(n) of the Small Business Act (15 U.S.C. 637(n)) is amended— (1)by striking $6,600,000 and inserting $7,000,000; and (2)by striking 2001 through 2006 and inserting 2008 and 2009.

Small Business Development Center Program reauthorization

Section 21(a)(4)(C)(vii) of the Small Business Act (15 U.S.C. 648(a)(4)(C)(vii)) is amended by striking subclauses (I) and (II) and inserting the following:

(I)$140,000,000 for fiscal year 2008; and (II)$145,000,000 for fiscal year 2009.

Women’s Business Center Program reauthorization

Section 29(k) of the Small Business Act (15 U.S.C. 656(k)) is amended— (1)by striking paragraph (1) and inserting the following:

(1)

In general

There are authorized to be appropriated to carry out this section— (A)$17,000,000 for fiscal year 2008; and (B)$17,500,000 for fiscal year 2009.

; and

(2)in paragraph (2)(B), by striking clauses (i) through (iv) and inserting the following:

(i)For fiscal year 2008, 1.5 percent. (ii)For fiscal year 2009, 1.5 percent.

HUBZone reauthorization

Section 31(d) of the Small Business Act (15 U.S.C. 657a) is amended— (1)by striking $10,000,000 and inserting $20,000,000; and (2)by striking 2004 through 2006 and inserting 2008 and 2009.

Office of Veterans Business Development reauthorization

Section 32(c) of the Small Business Act (15 U.S.C. 657b(c)) is amended by striking paragraphs (1) and (2) and inserting the following:

(1)$3,000,000 for fiscal year 2008; and (2)$4,000,000 for fiscal year 2009.

Advisory Committee on Veterans Business Affairs extension

(a)

Extension of termination date

Section 203(h) of the Veterans Entrepreneurship and Small Business Development Act of 1999 (Public Law 106–50; 15 U.S.C. 657b note) is amended by striking September 30, 2006 and inserting September 30, 2009. (b)

Conforming amendment

Section 33(h) of the Small Business Act (15 U.S.C. 657c(h)) is amended by striking October 1, 2006 and inserting October 1, 2009.

National Women’s Business Council reauthorization

Section 410(a) of the Women’s Business Ownership Act of 1988 (Public Law 100–533; 15 U.S.C. 7110(a)) is amended by striking 2001 through 2003 and inserting 2008 and 2009.