[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3866 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 3866

 To reauthorize certain programs under the Small Business Act for each 
                     of fiscal years 2008 and 2009.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 17, 2007

  Ms. Velazquez (for herself and Ms. Clarke) introduced the following 
      bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
 To reauthorize certain programs under the Small Business Act for each 
                     of fiscal years 2008 and 2009.

    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 
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.

SEC. 2. 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--
                            ``(i) $4,500,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $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 authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2008 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 the Small Business Investment Act of 1958, 
                including salaries and expenses of the Administration.
                    ``(B) Notwithstanding any other provision of this 
                paragraph, for fiscal year 2008--
                            ``(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 $2,000,000.
    ``(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--
                            ``(i) $4,500,000,000 in purchases of 
                        participating securities; and
                            ``(ii) $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 authorizations.--
                    ``(A) There are authorized to be appropriated to 
                the Administration for fiscal year 2009 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 the Small Business Investment Act of 1958, 
                including salaries and expenses of the Administration.
                    ``(B) Notwithstanding any other provision of this 
                paragraph, for fiscal year 2009--
                            ``(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 $2,000,000.''.

SEC. 3. 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''.

SEC. 4. 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.''.

SEC. 5. 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.''.

SEC. 6. 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''.

SEC. 7. 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.''.

SEC. 8. 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''.

SEC. 9. 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''.
                                 <all>