<enum>I</enum><header>Enhanced New Markets Venture Capital Program</header> <section id="HCA0BAE7AADCA4A228A01EB8A94D3AD57"><enum>101.</enum><header>Expansion of New Markets Venture Capital Program</header> <subsection id="HBB2709F67F8C4BF698C02F938F0718C3"><enum>(a)</enum><header>Administration participation required</header><text display-inline="yes-display-inline">Section 353 of the Small Business Investment Act of 1958 (15 U.S.C. 689b) is amended by striking <quote>under which the Administrator may</quote> and inserting <quote>under which the Administrator shall</quote>.</text> </subsection> <subsection id="HDEADDDF9BE724AA0BB3964D693CB237A"><enum>(b)</enum><header>Report to Congress</header><text>Not later than 1 year after the date of the enactment of this Act, the Administrator of the Small Business Administration shall submit to Congress a report describing any expansion of the New Markets Venture Capital Program as a result of this section.</text> </subsection></section> <section id="HA0253C6B689A46B8A81039E8302F894A"><enum>102.</enum><header>Improved nationwide distribution</header><text display-inline="no-display-inline">Section 354 of the Small Business Investment Act of 1958 (15 U.S.C. 689c) is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HD1AB72C56B27485CBC00605E17636EDE" style="OLC"> <subsection id="HA06AC9D6E7504AD98F0631DC35A727FE"><enum>(f)</enum><header>Geographic expansion</header><text>From among companies submitting applications under subsection (b), the Administrator shall consider the selection criteria and promotion of nationwide distribution under subsection (c) and shall, to the extent practicable, approve at least one company from each geographic region of the Small Business Administration.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </section> <section id="H96522CAFFAC04D20A979D59A7A200C86"><enum>103.</enum><header>Increased investment in small business concerns engaged primarily in manufacturing</header> <subsection id="HC9DAEC07805D400790E99DF83F4F96E7"><enum>(a)</enum><header>Developmental venture capital and participation agreements</header><text display-inline="yes-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689) is amended—</text> <paragraph id="HE80CE7978DE247DDAA1983E0ECB28AC9"><enum>(1)</enum><text>in paragraph (1) by inserting after <quote>geographic areas</quote> the following: <quote>or encouraging the growth or continuation of small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </paragraph> <paragraph id="H6E008F7FE1014DC383F7B784A43A5C06"><enum>(2)</enum><text>in paragraph (6)(B) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas at least 80 percent of which are engaged primarily in manufacturing</quote>.</text> </paragraph></subsection> <subsection id="H36AA569ACD0540D9BE6688E64CD65AA9"><enum>(b)</enum><header>Purposes</header><text display-inline="yes-display-inline">Section 352(2) of the Small Business Investment Act of 1958 (15 U.S.C. 689a(2)) is amended—</text> <paragraph id="H74C4F449E8474D78B9176738309F2DA5"><enum>(1)</enum><text display-inline="yes-display-inline">in the matter preceding subparagraph (A) by inserting after <quote>geographic areas</quote> the following: <quote>and small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>;</text> </paragraph> <paragraph id="H62386370BE04419C937E338F501B01B7"><enum>(2)</enum><text display-inline="yes-display-inline">in subparagraph (B) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </paragraph> <paragraph id="HE0A74CDD856046CCAF5BE55EBBE36250"><enum>(3)</enum><text>in subparagraph (C) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>.</text> </paragraph></subsection> <subsection id="H573DDCBA63CD40DCA782B86FB067B386"><enum>(c)</enum><header>Eligibility, applications, and requirements for final approval</header><text display-inline="yes-display-inline">Section 354 of the Small Business Investment Act of 1958 (15 U.S.C. 689c), as amended by this Act, is further amended—</text> <paragraph id="HE8617ED9927D41A4BC7FC13BA57388D2"><enum>(1)</enum><text>in subsection (a)(3) by inserting after <quote>geographic areas</quote> the following: <quote>or investing in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>;</text> </paragraph> <paragraph id="HF7D3B5CC13454ED9A6D5D767BBB26707"><enum>(2)</enum><text>in subsection (b)—</text> <subparagraph id="HD8DBD1410E9340B6A7989F5F0C27E1A1"><enum>(A)</enum><text>in paragraph (1) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </subparagraph> <subparagraph id="H057CEC7218D24D60BB70AA0887E2E39E"><enum>(B)</enum><text>in paragraph (4) by inserting after <quote>smaller enterprises</quote> the following: <quote>or small business concerns</quote>; and</text> </subparagraph></paragraph> <paragraph id="H690AF96434644017A14AA6ED9B3FC64C"><enum>(3)</enum><text>in subsection (d)—</text> <subparagraph id="H0BC87896F1B542C2A8F27E7F3C78C99B"><enum>(A)</enum><text>in paragraph (1)—</text> <clause id="H045D59F14F2147DBBFDD15DA7FF5D424"><enum>(i)</enum><text>by striking <quote>Each</quote> and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="H5EAF512DF36C47F2ABBAA3E6D6B4A18F" style="OLC"> <subparagraph id="HFEC2ED7E80284A2585AFE1D6B3181AA3"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B), each</text> </subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </clause> <clause id="HD8DB78563A4142FDA9325B4DA0FB7D8F"><enum>(ii)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HFD4142DE379A45C0AACB403125B84A38" style="OLC"> <subparagraph id="HD2BDD1D1167746C39A098396E988E52D"><enum>(B)</enum><header>Small business concerns engaged primarily in manufacturing</header><text display-inline="yes-display-inline">Each conditionally approved company engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing shall raise not less than $3,000,000 of private capital or binding capital commitments from one or more investors (other than agencies or departments of the Federal Government) who met criteria established by the Administrator.</text> </subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph id="HC05CD5EFD77847EE9F8159D83D7A4FCC"><enum>(B)</enum><text>in paragraph (2)(A) by inserting after <quote>smaller enterprises</quote> the following: <quote>or small business concerns</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="HFAD37D18833C40C5B56A5D9F83663F64"><enum>(d)</enum><header>Operational assistance grants</header><text display-inline="yes-display-inline">Section 358 of the Small Business Investment Act of 1958 (15 U.S.C. 689g) is amended—</text> <paragraph id="H64F20A5915C84EF29D46913DEC96AE86"><enum>(1)</enum><text>in subsection (a)(1) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>; and</text> </paragraph> <paragraph id="HB2BC8F0218424E1A9AFE4550D61920B6"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (b)(1) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>.</text> </paragraph></subsection></section> <section id="HD288E75EE08A4BE489B8B7A8383E6EE5"><enum>104.</enum><header>Expanded uses for operational assistance in manufacturing</header><text display-inline="no-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689), as amended by this Act, is further amended in paragraph (5) by inserting after <quote>business development</quote> the following: <quote>or assistance that assists a small business concern located in a low-income geographic area and engaged primarily in manufacturing with retooling, updating, or replacing machinery or equipment</quote>.</text> </section> <section id="H0CA3852F353E4F2396DC498C1C6F3FAF"><enum>105.</enum><header>Updating definition of low-income geographic area</header><text display-inline="no-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689), as amended by this Act, is further amended—</text> <paragraph id="H3A9C05C1806341E982E14A5E7A4421AF"><enum>(1)</enum><text>by striking paragraphs (2) and (3);</text> </paragraph> <paragraph id="H5B3002CE7EF749FE9C3939EA54F75714"><enum>(2)</enum><text>by inserting after paragraph (1) the following:</text> <quoted-block display-inline="no-display-inline" id="H8DCED631F05645048750207B85A6EE5E" style="OLC"> <paragraph id="HDD9F76DE965141FA956B210113E0E1C5"><enum>(2)</enum><header>Low-income geographic area</header><text>The term <term>low-income geographic area</term> has the meaning given the term <term>low-income community</term> in section 45D(e) of the Internal Revenue Code of 1986.</text> </paragraph><after-quoted-block>; and</after-quoted-block></quoted-block> </paragraph> <paragraph id="HED0A2D7D85BA4711A1A2614A5296A16F"><enum>(3)</enum><text>by redesignating paragraphs (4) through (8) as paragraphs (3) through (7), respectively.</text> </paragraph></section> <section id="H992F7AC06FA347708ED689EE7D52A588"><enum>106.</enum><header>Expanding operational assistance to conditionally approved companies</header><text display-inline="no-display-inline">Section 358(a) of the Small Business Investment Act of 1958 (15 U.S.C. 689g(a)) is amended by adding at the end the following:</text> <quoted-block id="HB341B340C92A4778A3DE2BD4E7F61AC6" style="OLC"> <paragraph id="H2CDA40B0E34B4E228094765318E153FF"><enum>(6)</enum><header>Grants to conditionally approved companies</header> <subparagraph id="H975FF64821474D79A345F05DDF96579F"><enum>(A)</enum><header>In general</header><text>Subject to the provisions of this paragraph, upon the request of a company conditionally approved under section 354(c), the Administrator shall make a grant to the company under this subsection.</text> </subparagraph> <subparagraph id="HBC0AD7F0E8C6454EB46660F51224008F"><enum>(B)</enum><header>Repayment by companies not approved</header><text>If a company receives a grant under this paragraph and does not receive final approval under section 354(e), the company shall repay the amount of the grant to the Administrator.</text> </subparagraph> <subparagraph id="H3FDFD49EC2FB4F0E9CB1FADD926F35E6"><enum>(C)</enum><header>Deduction from grant to approved company</header><text>If a company receives a grant under this paragraph and receives final approval under section 354(e), the Administrator shall deduct the amount of such grant from the amount of any immediately succeeding grant the company receives for operational assistance.</text> </subparagraph> <subparagraph id="H9BD24FC4DDB748F4A038A363C1AA6583"><enum>(D)</enum><header>Amount of grant</header><text>No company may receive a grant of more than $50,000 under this paragraph.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </section> <section id="HEABF767112CB4BA3BC425783A2AF8062"><enum>107.</enum><header>Limitation on time for final approval</header><text display-inline="no-display-inline">Section 354(d) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(d)) is amended in the matter preceding paragraph (1) by striking <quote>a period of time, not to exceed 2 years,</quote> and inserting <quote>2 years</quote>.</text> </section> <section id="H4FB46B2FDA294D568419C25D19CDC91E"><enum>108.</enum><header>Streamlined application for New Markets Venture Capital Program</header><text display-inline="no-display-inline">Not later than 60 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall prescribe standard documents for a New Markets Venture Capital company final approval application under section 354(e) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(e)). The Administrator shall ensure that the standard documents are designed to substantially reduce the cost burden of the application process for companies.</text> </section> <section id="H48342004812E4860B16E34C469FF405C"><enum>109.</enum><header>Elimination of matching requirement</header><text display-inline="no-display-inline">Section 354(d)(2)(A)(i) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(d)(2)(A)(i)) is amended—</text> <paragraph id="H7C637D9A6F1A4633A0A3908E7B3AE457"><enum>(1)</enum><text>in subclause (I) by adding <quote>and</quote> at the end;</text> </paragraph> <paragraph id="HD79280E3CFA845C3BB8671043919DB81"><enum>(2)</enum><text>in subclause (II) by striking <quote>and</quote> at the end; and</text> </paragraph> <paragraph id="H1A32C6AF63F14026AE2C7B59C8DD139A"><enum>(3)</enum><text>by striking subclause (III).</text> </paragraph></section> <section id="H0DE1616D36974E879F5369F559463F3E"><enum>110.</enum><header>Simplified formula for operational assistance grants</header><text display-inline="no-display-inline">Section 358(a)(4)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 689g(a)(4)(A)) is amended—</text> <paragraph id="HEF3D442076D643089964BB7480BA877F"><enum>(1)</enum><text>by striking <quote>shall be equal to</quote> and all that follows through the period at the end and inserting <quote>shall be equal to the lesser of—</quote>; and</text> </paragraph> <paragraph id="H54536FF775E94FD0A43A2FD2EB239F67"><enum>(2)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HD0C4DC5EC3C3456EA28F7D7CD9F5903B" style="OLC"> <clause id="HEAE1794E4A854BD6BCFD740F29907C8C"><enum>(i)</enum><text>10 percent of the resources (in cash or in-kind) raised by the company under section 354(d)(2); or</text> </clause> <clause id="H8A993C53BB94438686E100193937CDF0"><enum>(ii)</enum><text>$1,000,000.</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></section> <section id="HED282D7F3E884D65B9966771493CD453"><enum>111.</enum><header>Authorization of appropriations and enhanced allocation for small manufacturing</header><text display-inline="no-display-inline">Section 368(a) of the Small Business Investment Act of 1958 (15 U.S.C. 689q(a)) is amended—</text> <paragraph id="H35412FF6FA8840D0881CDB94BBB56A29"><enum>(1)</enum><text>in the matter preceding paragraph (1) by striking <quote>fiscal years 2001 through 2006</quote> and inserting <quote>fiscal years 2010 and 2011</quote>;</text> </paragraph> <paragraph id="H8B6217551C164F818C70C5D9370E3D2C"><enum>(2)</enum><text>in paragraph (1)—</text> <subparagraph id="H5C4818EAE60C4B15B31326BBAEE9F1FE"><enum>(A)</enum><text>by striking <quote>$150,000,000</quote> and inserting <quote>$100,000,000</quote>; and</text> </subparagraph> <subparagraph id="HF016CD02DD1F4F7C856AA094AA9751DA"><enum>(B)</enum><text>by inserting before the period at the end the following: <quote>, of which not less than 50 percent shall be used to guarantee debentures of companies engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </subparagraph></paragraph> <paragraph id="HB161FFCFCF5D4373971F02F0C3BFE580"><enum>(3)</enum><text>in paragraph (2)—</text> <subparagraph commented="no" id="H498FBC6B32434A95BB676CF6DCE74D0E"><enum>(A)</enum><text>by striking <quote>$30,000,000</quote> and inserting <quote>$20,000,000</quote>; and</text> </subparagraph> <subparagraph id="H1C2201A59F8241158AC76A5FC40A7C01"><enum>(B)</enum><text display-inline="yes-display-inline">by inserting before the period at the end the following: <quote>, of which not less than 50 percent shall be used to make grants to companies engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>.</text> </subparagraph></paragraph></section>

Short title

This Act may be cited as the

Enhanced New Markets and Expanded Investment in Renewable Energy for Small Manufacturers Act of 2009

<enum>I</enum><header>Enhanced New Markets Venture Capital Program</header> <section id="HCA0BAE7AADCA4A228A01EB8A94D3AD57"><enum>101.</enum><header>Expansion of New Markets Venture Capital Program</header> <subsection id="HBB2709F67F8C4BF698C02F938F0718C3"><enum>(a)</enum><header>Administration participation required</header><text display-inline="yes-display-inline">Section 353 of the Small Business Investment Act of 1958 (15 U.S.C. 689b) is amended by striking <quote>under which the Administrator may</quote> and inserting <quote>under which the Administrator shall</quote>.</text> </subsection> <subsection id="HDEADDDF9BE724AA0BB3964D693CB237A"><enum>(b)</enum><header>Report to Congress</header><text>Not later than 1 year after the date of the enactment of this Act, the Administrator of the Small Business Administration shall submit to Congress a report describing any expansion of the New Markets Venture Capital Program as a result of this section.</text> </subsection></section> <section id="HA0253C6B689A46B8A81039E8302F894A"><enum>102.</enum><header>Improved nationwide distribution</header><text display-inline="no-display-inline">Section 354 of the Small Business Investment Act of 1958 (15 U.S.C. 689c) is amended by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HD1AB72C56B27485CBC00605E17636EDE" style="OLC"> <subsection id="HA06AC9D6E7504AD98F0631DC35A727FE"><enum>(f)</enum><header>Geographic expansion</header><text>From among companies submitting applications under subsection (b), the Administrator shall consider the selection criteria and promotion of nationwide distribution under subsection (c) and shall, to the extent practicable, approve at least one company from each geographic region of the Small Business Administration.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </section> <section id="H96522CAFFAC04D20A979D59A7A200C86"><enum>103.</enum><header>Increased investment in small business concerns engaged primarily in manufacturing</header> <subsection id="HC9DAEC07805D400790E99DF83F4F96E7"><enum>(a)</enum><header>Developmental venture capital and participation agreements</header><text display-inline="yes-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689) is amended—</text> <paragraph id="HE80CE7978DE247DDAA1983E0ECB28AC9"><enum>(1)</enum><text>in paragraph (1) by inserting after <quote>geographic areas</quote> the following: <quote>or encouraging the growth or continuation of small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </paragraph> <paragraph id="H6E008F7FE1014DC383F7B784A43A5C06"><enum>(2)</enum><text>in paragraph (6)(B) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas at least 80 percent of which are engaged primarily in manufacturing</quote>.</text> </paragraph></subsection> <subsection id="H36AA569ACD0540D9BE6688E64CD65AA9"><enum>(b)</enum><header>Purposes</header><text display-inline="yes-display-inline">Section 352(2) of the Small Business Investment Act of 1958 (15 U.S.C. 689a(2)) is amended—</text> <paragraph id="H74C4F449E8474D78B9176738309F2DA5"><enum>(1)</enum><text display-inline="yes-display-inline">in the matter preceding subparagraph (A) by inserting after <quote>geographic areas</quote> the following: <quote>and small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>;</text> </paragraph> <paragraph id="H62386370BE04419C937E338F501B01B7"><enum>(2)</enum><text display-inline="yes-display-inline">in subparagraph (B) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </paragraph> <paragraph id="HE0A74CDD856046CCAF5BE55EBBE36250"><enum>(3)</enum><text>in subparagraph (C) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>.</text> </paragraph></subsection> <subsection id="H573DDCBA63CD40DCA782B86FB067B386"><enum>(c)</enum><header>Eligibility, applications, and requirements for final approval</header><text display-inline="yes-display-inline">Section 354 of the Small Business Investment Act of 1958 (15 U.S.C. 689c), as amended by this Act, is further amended—</text> <paragraph id="HE8617ED9927D41A4BC7FC13BA57388D2"><enum>(1)</enum><text>in subsection (a)(3) by inserting after <quote>geographic areas</quote> the following: <quote>or investing in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>;</text> </paragraph> <paragraph id="HF7D3B5CC13454ED9A6D5D767BBB26707"><enum>(2)</enum><text>in subsection (b)—</text> <subparagraph id="HD8DBD1410E9340B6A7989F5F0C27E1A1"><enum>(A)</enum><text>in paragraph (1) by inserting after <quote>geographic areas</quote> the following: <quote>or in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </subparagraph> <subparagraph id="H057CEC7218D24D60BB70AA0887E2E39E"><enum>(B)</enum><text>in paragraph (4) by inserting after <quote>smaller enterprises</quote> the following: <quote>or small business concerns</quote>; and</text> </subparagraph></paragraph> <paragraph id="H690AF96434644017A14AA6ED9B3FC64C"><enum>(3)</enum><text>in subsection (d)—</text> <subparagraph id="H0BC87896F1B542C2A8F27E7F3C78C99B"><enum>(A)</enum><text>in paragraph (1)—</text> <clause id="H045D59F14F2147DBBFDD15DA7FF5D424"><enum>(i)</enum><text>by striking <quote>Each</quote> and inserting the following:</text> <quoted-block display-inline="no-display-inline" id="H5EAF512DF36C47F2ABBAA3E6D6B4A18F" style="OLC"> <subparagraph id="HFEC2ED7E80284A2585AFE1D6B3181AA3"><enum>(A)</enum><header>In general</header><text>Except as provided in subparagraph (B), each</text> </subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </clause> <clause id="HD8DB78563A4142FDA9325B4DA0FB7D8F"><enum>(ii)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HFD4142DE379A45C0AACB403125B84A38" style="OLC"> <subparagraph id="HD2BDD1D1167746C39A098396E988E52D"><enum>(B)</enum><header>Small business concerns engaged primarily in manufacturing</header><text display-inline="yes-display-inline">Each conditionally approved company engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing shall raise not less than $3,000,000 of private capital or binding capital commitments from one or more investors (other than agencies or departments of the Federal Government) who met criteria established by the Administrator.</text> </subparagraph><after-quoted-block>; and</after-quoted-block></quoted-block> </clause></subparagraph> <subparagraph id="HC05CD5EFD77847EE9F8159D83D7A4FCC"><enum>(B)</enum><text>in paragraph (2)(A) by inserting after <quote>smaller enterprises</quote> the following: <quote>or small business concerns</quote>.</text> </subparagraph></paragraph></subsection> <subsection id="HFAD37D18833C40C5B56A5D9F83663F64"><enum>(d)</enum><header>Operational assistance grants</header><text display-inline="yes-display-inline">Section 358 of the Small Business Investment Act of 1958 (15 U.S.C. 689g) is amended—</text> <paragraph id="H64F20A5915C84EF29D46913DEC96AE86"><enum>(1)</enum><text>in subsection (a)(1) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>; and</text> </paragraph> <paragraph id="HB2BC8F0218424E1A9AFE4550D61920B6"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (b)(1) by inserting after <quote>smaller enterprises</quote> the following: <quote>and small business concerns</quote>.</text> </paragraph></subsection></section> <section id="HD288E75EE08A4BE489B8B7A8383E6EE5"><enum>104.</enum><header>Expanded uses for operational assistance in manufacturing</header><text display-inline="no-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689), as amended by this Act, is further amended in paragraph (5) by inserting after <quote>business development</quote> the following: <quote>or assistance that assists a small business concern located in a low-income geographic area and engaged primarily in manufacturing with retooling, updating, or replacing machinery or equipment</quote>.</text> </section> <section id="H0CA3852F353E4F2396DC498C1C6F3FAF"><enum>105.</enum><header>Updating definition of low-income geographic area</header><text display-inline="no-display-inline">Section 351 of the Small Business Investment Act of 1958 (15 U.S.C. 689), as amended by this Act, is further amended—</text> <paragraph id="H3A9C05C1806341E982E14A5E7A4421AF"><enum>(1)</enum><text>by striking paragraphs (2) and (3);</text> </paragraph> <paragraph id="H5B3002CE7EF749FE9C3939EA54F75714"><enum>(2)</enum><text>by inserting after paragraph (1) the following:</text> <quoted-block display-inline="no-display-inline" id="H8DCED631F05645048750207B85A6EE5E" style="OLC"> <paragraph id="HDD9F76DE965141FA956B210113E0E1C5"><enum>(2)</enum><header>Low-income geographic area</header><text>The term <term>low-income geographic area</term> has the meaning given the term <term>low-income community</term> in section 45D(e) of the Internal Revenue Code of 1986.</text> </paragraph><after-quoted-block>; and</after-quoted-block></quoted-block> </paragraph> <paragraph id="HED0A2D7D85BA4711A1A2614A5296A16F"><enum>(3)</enum><text>by redesignating paragraphs (4) through (8) as paragraphs (3) through (7), respectively.</text> </paragraph></section> <section id="H992F7AC06FA347708ED689EE7D52A588"><enum>106.</enum><header>Expanding operational assistance to conditionally approved companies</header><text display-inline="no-display-inline">Section 358(a) of the Small Business Investment Act of 1958 (15 U.S.C. 689g(a)) is amended by adding at the end the following:</text> <quoted-block id="HB341B340C92A4778A3DE2BD4E7F61AC6" style="OLC"> <paragraph id="H2CDA40B0E34B4E228094765318E153FF"><enum>(6)</enum><header>Grants to conditionally approved companies</header> <subparagraph id="H975FF64821474D79A345F05DDF96579F"><enum>(A)</enum><header>In general</header><text>Subject to the provisions of this paragraph, upon the request of a company conditionally approved under section 354(c), the Administrator shall make a grant to the company under this subsection.</text> </subparagraph> <subparagraph id="HBC0AD7F0E8C6454EB46660F51224008F"><enum>(B)</enum><header>Repayment by companies not approved</header><text>If a company receives a grant under this paragraph and does not receive final approval under section 354(e), the company shall repay the amount of the grant to the Administrator.</text> </subparagraph> <subparagraph id="H3FDFD49EC2FB4F0E9CB1FADD926F35E6"><enum>(C)</enum><header>Deduction from grant to approved company</header><text>If a company receives a grant under this paragraph and receives final approval under section 354(e), the Administrator shall deduct the amount of such grant from the amount of any immediately succeeding grant the company receives for operational assistance.</text> </subparagraph> <subparagraph id="H9BD24FC4DDB748F4A038A363C1AA6583"><enum>(D)</enum><header>Amount of grant</header><text>No company may receive a grant of more than $50,000 under this paragraph.</text> </subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block> </section> <section id="HEABF767112CB4BA3BC425783A2AF8062"><enum>107.</enum><header>Limitation on time for final approval</header><text display-inline="no-display-inline">Section 354(d) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(d)) is amended in the matter preceding paragraph (1) by striking <quote>a period of time, not to exceed 2 years,</quote> and inserting <quote>2 years</quote>.</text> </section> <section id="H4FB46B2FDA294D568419C25D19CDC91E"><enum>108.</enum><header>Streamlined application for New Markets Venture Capital Program</header><text display-inline="no-display-inline">Not later than 60 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall prescribe standard documents for a New Markets Venture Capital company final approval application under section 354(e) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(e)). The Administrator shall ensure that the standard documents are designed to substantially reduce the cost burden of the application process for companies.</text> </section> <section id="H48342004812E4860B16E34C469FF405C"><enum>109.</enum><header>Elimination of matching requirement</header><text display-inline="no-display-inline">Section 354(d)(2)(A)(i) of the Small Business Investment Act of 1958 (15 U.S.C. 689c(d)(2)(A)(i)) is amended—</text> <paragraph id="H7C637D9A6F1A4633A0A3908E7B3AE457"><enum>(1)</enum><text>in subclause (I) by adding <quote>and</quote> at the end;</text> </paragraph> <paragraph id="HD79280E3CFA845C3BB8671043919DB81"><enum>(2)</enum><text>in subclause (II) by striking <quote>and</quote> at the end; and</text> </paragraph> <paragraph id="H1A32C6AF63F14026AE2C7B59C8DD139A"><enum>(3)</enum><text>by striking subclause (III).</text> </paragraph></section> <section id="H0DE1616D36974E879F5369F559463F3E"><enum>110.</enum><header>Simplified formula for operational assistance grants</header><text display-inline="no-display-inline">Section 358(a)(4)(A) of the Small Business Investment Act of 1958 (15 U.S.C. 689g(a)(4)(A)) is amended—</text> <paragraph id="HEF3D442076D643089964BB7480BA877F"><enum>(1)</enum><text>by striking <quote>shall be equal to</quote> and all that follows through the period at the end and inserting <quote>shall be equal to the lesser of—</quote>; and</text> </paragraph> <paragraph id="H54536FF775E94FD0A43A2FD2EB239F67"><enum>(2)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HD0C4DC5EC3C3456EA28F7D7CD9F5903B" style="OLC"> <clause id="HEAE1794E4A854BD6BCFD740F29907C8C"><enum>(i)</enum><text>10 percent of the resources (in cash or in-kind) raised by the company under section 354(d)(2); or</text> </clause> <clause id="H8A993C53BB94438686E100193937CDF0"><enum>(ii)</enum><text>$1,000,000.</text> </clause><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></section> <section id="HED282D7F3E884D65B9966771493CD453"><enum>111.</enum><header>Authorization of appropriations and enhanced allocation for small manufacturing</header><text display-inline="no-display-inline">Section 368(a) of the Small Business Investment Act of 1958 (15 U.S.C. 689q(a)) is amended—</text> <paragraph id="H35412FF6FA8840D0881CDB94BBB56A29"><enum>(1)</enum><text>in the matter preceding paragraph (1) by striking <quote>fiscal years 2001 through 2006</quote> and inserting <quote>fiscal years 2010 and 2011</quote>;</text> </paragraph> <paragraph id="H8B6217551C164F818C70C5D9370E3D2C"><enum>(2)</enum><text>in paragraph (1)—</text> <subparagraph id="H5C4818EAE60C4B15B31326BBAEE9F1FE"><enum>(A)</enum><text>by striking <quote>$150,000,000</quote> and inserting <quote>$100,000,000</quote>; and</text> </subparagraph> <subparagraph id="HF016CD02DD1F4F7C856AA094AA9751DA"><enum>(B)</enum><text>by inserting before the period at the end the following: <quote>, of which not less than 50 percent shall be used to guarantee debentures of companies engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>; and</text> </subparagraph></paragraph> <paragraph id="HB161FFCFCF5D4373971F02F0C3BFE580"><enum>(3)</enum><text>in paragraph (2)—</text> <subparagraph commented="no" id="H498FBC6B32434A95BB676CF6DCE74D0E"><enum>(A)</enum><text>by striking <quote>$30,000,000</quote> and inserting <quote>$20,000,000</quote>; and</text> </subparagraph> <subparagraph id="H1C2201A59F8241158AC76A5FC40A7C01"><enum>(B)</enum><text display-inline="yes-display-inline">by inserting before the period at the end the following: <quote>, of which not less than 50 percent shall be used to make grants to companies engaged primarily in development of and investment in small business concerns located in low-income geographic areas and engaged primarily in manufacturing</quote>.</text> </subparagraph></paragraph></section> <enum>II</enum><header>Expanded investment in small business renewable energy</header> <section id="H4608B2D554EA4C66B68655B6714A978E"><enum>201.</enum><header>Expanded investment in renewable energy</header><text display-inline="no-display-inline">Part C of title III of the Small Business Investment Act of 1958 (15 U.S.C. 690 et seq.) is amended—</text> <paragraph id="H613A498044674250904AC7FAD7CE575D"><enum>(1)</enum><text display-inline="yes-display-inline">in the heading by striking <quote><header-in-text level="part" style="OLC">Renewable Fuel Capital Investment</header-in-text></quote> and inserting <quote><header-in-text level="part" style="OLC">Renewable Energy Capital Investment</header-in-text></quote>;</text> </paragraph> <paragraph id="H1E2128300C024FC7B4ADAC9D7263992B"><enum>(2)</enum><text display-inline="yes-display-inline">in the heading of paragraph (4) of section 381 by striking <quote><header-in-text level="paragraph" style="OLC">Renewable Fuel Capital Investment</header-in-text></quote> and inserting <quote><header-in-text level="paragraph" style="OLC">Renewable Energy Capital Investment</header-in-text></quote>;</text> </paragraph> <paragraph id="H8FEDD3E817D84AA5AC941BEA3D753B4B"><enum>(3)</enum><text display-inline="yes-display-inline">in the heading of section 384 by striking <quote><header-in-text level="section" style="OLC">Renewable Fuel Capital Investment</header-in-text></quote> and inserting <quote><header-in-text level="section" style="OLC">Renewable Energy Capital Investment</header-in-text></quote>; and</text> </paragraph> <paragraph id="H001C5E899219460CBAC0BD4A4187F3ED"><enum>(4)</enum><text>by striking <quote>Renewable Fuel Capital Investment</quote> each place it appears and inserting <quote>Renewable Energy Capital Investment</quote>.</text> </paragraph></section> <section id="HB3FB8A9839084AD080BA55384956AAC6"><enum>202.</enum><header>Renewable Energy Capital Investment Program made permanent</header><text display-inline="no-display-inline">Part C of title III of the Small Business Investment Act of 1958 (15 U.S.C. 690 et seq.), as amended by this Act, is further amended—</text> <paragraph id="H68733CB88863446FAB2FBDB3AF7E1E26"><enum>(1)</enum><text>in the heading by striking <quote><header-in-text level="part" style="OLC">Pilot</header-in-text></quote>; and</text> </paragraph> <paragraph id="H2565A251631F4E35B2FED6534FE5604F"><enum>(2)</enum><text>by striking section 398.</text> </paragraph></section> <section id="HBE0C90AC10E84A9F9BA446E7E37FB657"><enum>203.</enum><header>Expanded eligibility for small businesses</header><text display-inline="no-display-inline">Part C of title III of the Small Business Investment Act of 1958 (15 U.S.C. 690 et seq.), as amended by this Act, is further amended by striking <quote>smaller enterprises</quote> each place it appears and inserting <quote>small business concerns</quote>.</text> </section> <section id="H5B0EAAB6C04D49FE97AB9320C4F8E40B"><enum>204.</enum><header>Expanded uses for operational assistance in manufacturing and small businesses</header><text display-inline="no-display-inline">Section 381(1) of the Small Business Investment Act of 1958 (15 U.S.C. 690(1)) is amended by inserting after <quote>business development</quote> the following: <quote>, assistance that assists a small business concern to reduce energy consumption, or assistance that assists a small business concern engaged primarily in manufacturing with retooling, updating, or replacing machinery or equipment</quote>.</text> </section> <section id="HF03892E785324BA7990A2E7F66F5B630"><enum>205.</enum><header>Expansion of Renewable Energy Capital Investment Program</header> <subsection id="H716E0BAA60974928B79703A92F90D0BA"><enum>(a)</enum><header>Administration participation required</header><text display-inline="yes-display-inline">Section 383 of the Small Business Investment Act of 1958 (15 U.S.C. 690b) is amended by striking <quote>under which the Administrator may</quote> and inserting <quote>under which the Administrator shall</quote>.</text> </subsection> <subsection id="H2A4B07749EFA40459DA968C963EF4A6E"><enum>(b)</enum><header>Report to Congress</header><text>Not later than 1 year after the date of the enactment of this Act, the Administrator of the Small Business Administration shall submit to Congress a report describing any expansion of the Renewable Energy Capital Investment Program as a result of this section.</text> </subsection></section> <section id="HF91460DFBBE04CA09EFB9F6B31BFA7E2"><enum>206.</enum><header>Simplified fee structure to expedite implementation</header><text display-inline="no-display-inline">Section 387(a) of the Small Business Investment Act of 1958 (15 U.S.C. 690f(a)) is amended by striking <quote>or grant</quote>.</text> </section> <section id="H540298E102734F7EA2C3D4CA2CA31FE1"><enum>207.</enum><header>Increased operational assistance grants</header><text display-inline="no-display-inline">Section 397(a) of the Small Business Investment Act of 1958 (15 U.S.C. 690p(a)) is amended by inserting after <quote>and 2009</quote> the following: <quote>and $30,000,000 in such grants for each of fiscal years 2010 and 2011</quote>.</text> </section> <section id="HA2E2D0FB9E2347668EF0D0589C1961FD"><enum>208.</enum><header>Authorizations of appropriations</header><text display-inline="no-display-inline">Section 397 of the Small Business Investment Act of 1958 (15 U.S.C. 690p) is amended—</text> <paragraph id="H31AF831A5CC5444C9D9476634A2FF047"><enum>(1)</enum><text>in the heading by inserting after <quote><header-in-text level="section" style="OLC">appropriations</header-in-text></quote> the following: <quote><header-in-text level="section" style="OLC">and program levels</header-in-text></quote>; and</text> </paragraph> <paragraph id="HB1190EBA66254EE3BE6360B65498C9D5"><enum>(2)</enum><text>by adding at the end the following:</text> <quoted-block display-inline="no-display-inline" id="HA6D22BA32DFB462EB7BA48A6AE580819" style="OLC"> <subsection id="H013C0B517A914A1480ED8AAE1801565B"><enum>(c)</enum><header>Program levels</header><text display-inline="yes-display-inline">For the programs authorized by this part, the Administration is authorized to make $1,000,000,000 in guarantees of debentures for each of fiscal years 2010 and 2011.</text> </subsection><after-quoted-block>.</after-quoted-block></quoted-block> </paragraph></section>