1.This Act may be cited as the
Small Business Job Creation Act of
2010
.
2.The table of contents
for this Act is as follows:
Sec. 1. Short
title.
Sec. 2. Table of contents.
TITLE I—Small business tax reform
Sec. 101. Extension of increase in expensing of certain
depreciable business assets.
Sec. 102. Increased exclusion and other modifications
applicable to qualified small business stock.
TITLE II—Access to capital
Sec. 201. Short title.
Subtitle A—Next Steps for Main Street Credit
Availability
Sec. 221. Section 7(a) business loans.
Sec. 222. Maximum loan amounts under 504 program.
Sec. 223. Maximum loan limits under microloan
program.
Sec. 224. New Markets Venture Capital company investment
limitations.
Sec. 225. Alternative size standards.
Sec. 226. Sale of 7(a) loans in secondary market.
Sec. 227. Online lending platform.
Subtitle B—Small Business Access to Capital
Sec. 228. Low-interest refinancing under the local development
business loan program.
TITLE III—Small business exporting
Sec. 301. Short title.
Sec. 302. Definitions.
Sec. 303. Office of International Trade.
Sec. 304. Duties of the Office of International
Trade.
Sec. 305. Export assistance centers.
Sec. 306. International trade finance programs.
Sec. 307. State Trade and Export Promotion Grant
Program.
Sec. 308. Rural export promotion.
Sec. 309. International trade cooperation by small business
development centers.
TITLE IV—Small business regulatory reform
Sec. 401. Short title.
Sec. 402. Findings.
Sec. 403. Job impact statement for reported bills and joint
resolutions.
Sec. 404. Clarification and expansion of rules covered by the
Regulatory Flexibility Act.
Sec. 405. Requirements providing for more detailed
analyses.
Sec. 406. Periodic review of rules.
Sec. 407. Office of Advocacy.
Sec. 408. Clerical amendments.
TITLE V—Other provisions
Sec. 501. Funds for SBDCs.
Sec. 502. Temporary waiver authority for women's business
center program.
TITLE VI—Funding
Sec. 601. Offset.
Sec. 602. Emergency designation.
<enum>I</enum><header>Small business
tax reform</header>
<section commented="no" display-inline="no-display-inline" id="idAB5357A868124C6B8C8E1F485649EB4C"><enum>101.</enum><header>Extension of
increase in expensing of certain depreciable business assets</header>
<subsection commented="no" display-inline="no-display-inline" id="id100827AA9226404391110D62E2D551AB"><enum>(a)</enum><header>In
general</header><text>Subsection (b) of section 179 of the Internal Revenue
Code of 1986 is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idA9DFFF35753A4526BD0AB5F6072EDE40"><enum>(1)</enum><text>by striking
<quote>($125,000 in the case of taxable years beginning after 2006 and before
2011)</quote> in paragraph (1) and inserting <quote>($250,000 in the case of
taxable years beginning after 2007 and before 2015)</quote>,</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idC2A192CCBBA64755B46D788A8923567D"><enum>(2)</enum><text>by striking
<quote>($500,000 in the case of taxable years beginning after 2006 and before
2011)</quote> in paragraph (2) and inserting <quote>($800,000 in the case of
taxable years beginning after 2007 and before 2015)</quote>,</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id23D6D7CD0A6E438F81DC2F692598A53E"><enum>(3)</enum><text>by striking
paragraphs (5) and (7), and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id9F6C2CEB31274C36ADD86DB781C4FAFC"><enum>(4)</enum><text>by redesignating
paragraph (6) as paragraph (5).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idD43B161AF4B8445D828A86041F887D45"><enum>(b)</enum><header>Extension of
expensing of computer software</header><text>Section 179(d)(1)(A)(ii) of the
Internal Revenue Code of 1986 is amended by striking <quote>2011</quote> and
inserting <quote>2015</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id74AF573906DF4FACB4F8A53E957674E2"><enum>(c)</enum><header>Effective
date</header><text>The amendments made by this section shall apply to taxable
years beginning after December 31, 2009.</text>
</subsection></section><section id="idE3E8A482F1C14329844D71B0D22959E0" section-type="subsequent-section"><enum>102.</enum><header>Increased exclusion
and other modifications applicable to qualified small business stock</header>
<subsection id="ID4CC5E4C46F8245A88726105EF544E040"><enum>(a)</enum><header>Increased
exclusion</header>
<paragraph id="id98D72BCE744A4634BA1C43D5F261D56A"><enum>(1)</enum><header>In
general</header><text>Subsection (a) of section 1202 of the Internal Revenue
Code of 1986 (relating partial exclusion for gain from certain small business
stock) is amended to read as follows:</text>
<quoted-block display-inline="no-display-inline" id="id11EA290254024B9EA9097082BFFEB51E" style="OLC">
<subsection id="idE863435C19A64573BE2D676031F7992F"><enum>(a)</enum><header>Exclusion</header><text>Gross
income shall not include 100 percent of any gain from the sale or exchange of
qualified small business stock held for more than 4
years.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="id3370F56B3A6B4F45999106662682F064"><enum>(2)</enum><header>Rule relating
to stock held among members of controlled group</header><text>Subsection (c) of
section 1202 of such Code is amended by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="idA49028E0BD3943ACBE351DD080EBCC13" style="OLC">
<paragraph id="id78DCF17928EB4A1F9BC9CFF0C1593966"><enum>(4)</enum><header>Stock held
among members of 25-percent controlled group not eligible</header>
<subparagraph id="id61992944BAD34C6BB156FF979450AD9C"><enum>(A)</enum><header>In
general</header><text>Stock of a member of a 25-percent controlled group shall
not be treated as qualified small business stock while held by another member
of such group.</text>
</subparagraph><subparagraph id="id2507E7778F78463BB9064EDADDDF4826"><enum>(B)</enum><header>25-percent
controlled group</header><text>For purposes of subparagraph (A), the term
<term>25-percent controlled group</term> means any controlled group of
corporations as defined in section 1563(a)(1), except that—</text>
<clause id="id23FB7C4874074508B6B21F494044F417"><enum>(i)</enum><text><quote>more than
25 percent</quote> shall be substituted for <quote>at least 80 percent</quote>
each place it appears in section 1563(a)(1), and</text>
</clause><clause id="idB25EA8DBA70E42B6B1C9989EE29F3969"><enum>(ii)</enum><text>section
1563(a)(4) shall not
apply.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id021044E24D254A7F90A6C33671966194"><enum>(3)</enum><header>Conforming
amendments</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id13A10BDC97D84BB08D484D67A65AEA13"><enum>(A)</enum><text>Subsections
(b)(2), (g)(2)(A), and (j)(1)(A) of section 1202 of such Code are each amended
by striking <quote>5 years</quote> and inserting <quote>4 years</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD150615734224252836038D8E52818ED"><enum>(B)</enum><text>The heading for
section 1202 of such Code is amended by striking <quote><header-in-text level="section" style="OLC">partial</header-in-text></quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4F96CBE9452A4AE98C2F2AFA4C338059"><enum>(C)</enum><text>The item relating
to section 1202 in the table of sections for part I of subchapter P of chapter
1 of such Code is amended by striking <quote>Partial exclusion</quote> and
inserting <quote>Exclusion</quote>.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8A38F41047954D2CB4117B9FDC142B2D"><enum>(D)</enum><text>Section 1223(13)
of such Code is amended by striking <quote>1202(a)(2),</quote>.</text>
</subparagraph></paragraph></subsection><subsection id="ID75827FFEE290480EB09932E2A1004D38"><enum>(b)</enum><header>Repeal of
minimum tax preference</header>
<paragraph id="ID0AA0E8F597614516B584C08B5B835C83"><enum>(1)</enum><header>In
general</header><text>Subsection (a) of section 57 of the Internal Revenue Code
of 1986 (relating to items of tax preference) is amended by striking paragraph
(7).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDEFA4E890C6D44AB3BA31B7830005731B"><enum>(2)</enum><header>Technical
amendment</header><text>Subclause (II) of section 53(d)(1)(B)(ii) of such Code
is amended by striking <quote>, (5), and (7)</quote> and inserting <quote>and
(5)</quote>.</text>
</paragraph></subsection><subsection id="ID748718D05C1045F189D8D1003844579B"><enum>(c)</enum><header>Repeal of 28
percent capital gains rate on qualified small business stock</header>
<paragraph id="id8BDF85ACB5724885AA51C6E1D71717F4"><enum>(1)</enum><header>In
general</header><text>Subparagraph (A) of section 1(h)(4) of the Internal
Revenue Code of 1986 is amended to read as follows:</text>
<quoted-block id="IDFE3ED1C880494077A90300CBF88B25DD">
<subparagraph id="ID96301EEF06234260BEC60284C3BDDAB0"><enum>(A)</enum><text>collectibles
gain,
over</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph id="idDB65D58E8F974814B5460573E85751B2"><enum>(2)</enum><header>Conforming
amendments</header>
<subparagraph id="IDF0C1B7CB981143C193A1002226AD12A2"><enum>(A)</enum><text>Section 1(h) of
such Code is amended by striking paragraph (7).</text>
</subparagraph><subparagraph id="ID10EE9FA6505842BAACE2373800FD00BF"><enum>(B)</enum><clause commented="no" display-inline="yes-display-inline" id="id226EF6A4A4944228AB0830C0D887BFCB"><enum>(i)</enum><text>Section 1(h) of such
Code is amended by redesignating paragraphs (8), (9), (10), (11), (12), and
(13) as paragraphs (7), (8), (9), (10), (11), and (12), respectively.</text>
</clause><clause id="idFBA8D619F119477FAF9B26930BD23986" indent="up1"><enum>(ii)</enum><text>Sections 163(d)(4)(B), 854(b)(5),
857(c)(2)(D) of such Code are each amended by striking <quote>section
1(h)(11)(B)</quote> and inserting <quote>section 1(h)(10)(B)</quote>.</text>
</clause><clause id="idBF199BCB68FA42BBB3AD13D7E1A293B7" indent="up1"><enum>(iii)</enum><text>The following sections of such
Code are each amended by striking <quote>section 1(h)(11)</quote> and inserting
<quote>section 1(h)(10)</quote>:</text>
<subclause id="idD5180A93C89B4E159F82AFDE85394C7E"><enum>(I)</enum><text>Section 301(f)(4).</text>
</subclause><subclause id="id1822203D949848E89BAB7DED449A4A21"><enum>(II)</enum><text>Section 306(a)(1)(D).</text>
</subclause><subclause id="id71D203DEC36C4F3C9F7E2B19DB40E2AA"><enum>(III)</enum><text>Section 584(c).</text>
</subclause><subclause id="id4224A2C77B8E46D292859D58E60C3AA8"><enum>(IV)</enum><text>Section 702(a)(5).</text>
</subclause><subclause id="id184D98469FA9433DB77DF26420013194"><enum>(V)</enum><text>Section 854(a).</text>
</subclause><subclause id="id38498DF597714769989C863A53AE0A2B"><enum>(VI)</enum><text>Section 854(b)(2).</text>
</subclause></clause><clause id="idDEBC7BDBF6A24BCBBB427F7346EB3379" indent="up1"><enum>(iv)</enum><text>The heading of section 857(c)(2)
is amended by striking <quote>1(h)(11)</quote> and inserting
<quote>1(h)(10)</quote>.</text>
</clause></subparagraph></paragraph></subsection><subsection id="ID278150B4C6E24D51865700F570424505"><enum>(d)</enum><header>Increase
aggregate asset limitation for qualified small businesses</header>
<paragraph id="id917D5E2A51D141C8879EFBBA3A5A4F38"><enum>(1)</enum><header>In
general</header><text>Paragraph (1) of section 1202(d) of the Internal Revenue
Code of 1986 (relating to qualified small business) is amended by striking
<quote>$50,000,000</quote> each place it appears and inserting
<quote>$100,000,000</quote>.</text>
</paragraph><paragraph id="id47491D08B745456AA1AB6D901FE3B165"><enum>(2)</enum><header>Inflation
adjustment</header><text>Section 1202(d) of such Code is amended by adding at
the end the following new paragraph:</text>
<quoted-block display-inline="no-display-inline" id="id0DF6D96C8CF84774957125F90EE21243" style="OLC">
<paragraph id="IDfa5d6108f2154f10a036c0470755b912"><enum>(4)</enum><header>Inflation
adjustment</header>
<subparagraph id="id3991DD4160A34262A8909A3616D46124"><enum>(A)</enum><header>In
general</header><text>In the case of any taxable year beginning in a calendar
year after 2009, each of the $100,000,000 dollar amounts in paragraph (1) shall
be increased by an amount equal to—</text>
<clause id="ID6a43ce9fc1c544a9b3e358d562c8a3f6"><enum>(i)</enum><text>such dollar
amount, multiplied by</text>
</clause><clause id="ID2b3edcce64d5449eaf8383d6a64e6e68"><enum>(ii)</enum><text>the
cost-of-living adjustment determined under section 1(f)(3) for the calendar
year in which the taxable year begins, determined by substituting
<quote>calendar year 2008</quote> for <quote>calendar year 1992</quote> in
subparagraph (B) thereof.</text>
</clause></subparagraph><subparagraph id="id4CAD2C659957439CAD9969F5C0689E6C"><enum>(B)</enum><header>Rounding</header><text>If
any amount as adjusted under subparagraph (A) is not a multiple of $1,000, such
amount shall be rounded to the next lowest multiple of
$100.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="ID59A8E3FD23E2452995808420442646CB"><enum>(e)</enum><header>Effective
date</header>
<paragraph id="id6EC255129519409397DDCC67AAE57AAA"><enum>(1)</enum><header>In
general</header><text>The amendments made by this section apply to stock issued
after December 31, 2009.</text>
</paragraph><paragraph id="id100CEE0E8508431BBBEB09367DA8EDBA"><enum>(2)</enum><header>Special rule
for stock issued before January 1, 2010</header><text>The amendments made by
subsections (a), (b), and (c) shall apply to sales or exchanges—</text>
<subparagraph id="idD5D4503A9D094F9580A544574B4E2D56"><enum>(A)</enum><text>made after
December 31, 2009,</text>
</subparagraph><subparagraph id="idD76644B1BC2549F7BCBADCDE8D804485"><enum>(B)</enum><text>of stock issued
before such date, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id53C5514D52474382877FFD06935F99D7"><enum>(C)</enum><text>by a taxpayer
other than a corporation.</text>
</subparagraph></paragraph></subsection></section><enum>II</enum><header>Access to
capital</header>
<section id="idFC6DA945E672488A9516BA204D67D530"><enum>201.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote><short-title>Small Business Job Creation and
Access to Capital Act of 2010</short-title></quote>.</text>
</section><subtitle commented="no" id="idDE515F3C263D4077BE38DECD612F0209" level-type="subsequent"><enum>A</enum><header display-inline="yes-display-inline">Next Steps for Main Street Credit
Availability</header>
<section commented="no" display-inline="no-display-inline" id="idEA9773BC5559486BB72F1BEB6F04AB90" section-type="subsequent-section"><enum>221.</enum><header display-inline="yes-display-inline">Section
7<enum-in-header>(a)</enum-in-header> business loans</header>
<subsection commented="no" display-inline="no-display-inline" id="id9D6F0A9777E64C7FB82E22B62FB427C9"><enum>(a)</enum><header display-inline="yes-display-inline">Amendment</header><text display-inline="yes-display-inline">Section 7(a) of the Small Business Act (15
U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id98B4A31A97BD479DBCF36BCC403E85A8"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (2)(A)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id8B39AC2546B5413F9FDDE96B21442679"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>75
percent</quote> and inserting <quote>90 percent</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id6CD37CFF408E4A33B1F27A579445C071"><enum>(B)</enum><text display-inline="yes-display-inline">in clause (ii), by striking <quote>85
percent</quote> and inserting <quote>90 percent</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2B91F325AD1D4CB4B9BF6B018C629E57"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)(A), by striking
<quote>$1,500,000 (or if the gross loan amount would exceed $2,000,000</quote>
and inserting <quote>$4,500,000 (or if the gross loan amount would exceed
$5,000,000</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id0CA3AEE729F94C98A7A0CA6626165C38"><enum>(b)</enum><header display-inline="yes-display-inline">Prospective repeal</header><text display-inline="yes-display-inline">Effective January 1, 2011, section 7(a) of
the Small Business Act (15 U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idAC91F173036B4422BD60DEB1528AE699"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (2)(A)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id8CA5A28A25204FB7B577362D662D42E2"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>90
percent</quote> and inserting <quote>75 percent</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id3DE625B05318437CA11F220FE212A1E7"><enum>(B)</enum><text display-inline="yes-display-inline">in clause (ii), by striking <quote>90
percent</quote> and inserting <quote>85 percent</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id52D68E75A69E406EB7EC7FAD464483EC"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)(A), by striking
<quote>$4,500,000</quote> and inserting <quote>$3,750,000</quote>.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="id01C696B14E9841D8A2DC28BCBCB20EBB" section-type="subsequent-section"><enum>222.</enum><header display-inline="yes-display-inline">Maximum loan amounts under 504
program</header><text display-inline="no-display-inline">Section 502(2)(A) of
the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is
amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idF759E346C9324FECA7B487357A077353"><enum>(1)</enum><text display-inline="yes-display-inline">in clause (i), by striking
<quote>$1,500,000</quote> and inserting <quote>$5,000,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3C72C7A0D93B445B88FEC8F4D6B8C411"><enum>(2)</enum><text display-inline="yes-display-inline">in clause (ii), by striking
<quote>$2,000,000</quote> and inserting <quote>$5,000,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2EA89A4CE5F8400AAB56E48780DBCF88"><enum>(3)</enum><text display-inline="yes-display-inline">in clause (iii), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID71947a710a514bd5a80ba15a0ee90869"><enum>(4)</enum><text display-inline="yes-display-inline">in clause (iv), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDa5bc6829306c454fb8de8b1e15c212fd"><enum>(5)</enum><text display-inline="yes-display-inline">in clause (v), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="idC2C46E26A65F48F7A92172C7CC2859FF" section-type="subsequent-section"><enum>223.</enum><header display-inline="yes-display-inline">Maximum loan limits under microloan
program</header><text display-inline="no-display-inline">Section 7(m) of the
Small Business Act (15 U.S.C. 636(m)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id4D5581257B744A929B004CC1340F0DE5"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (1)(B)(iii), by striking
<quote>$35,000</quote> and inserting <quote>$50,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id266BB2655C4D401C93C03A063D71D725"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idD62C485A29394E97A78BB09B3C5FE514"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (C), by striking
<quote>$3,500,000</quote> and inserting <quote>$5,000,000</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD004ED5BAD024879AD704115CB8FA4F8"><enum>(B)</enum><text display-inline="yes-display-inline">in subparagraph (E), by striking
<quote>$35,000</quote> each place that term appears and inserting
<quote>$50,000</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idE3D30B0546ED42F5AABE37E561D06D61"><enum>(3)</enum><text display-inline="yes-display-inline">in paragraph (11)(B), by striking
<quote>$35,000</quote> and inserting <quote>$50,000</quote>.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="id231F4A1F9761444793D1F59DFA44E153" section-type="subsequent-section"><enum>224.</enum><header display-inline="yes-display-inline">New Markets Venture Capital company
investment limitations</header><text display-inline="no-display-inline">Section
355 of the Small Business Investment Act of 1958 (15 U.S.C. 689d) is amended by
adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id384E49EEBFAC408281E8170CC0583BBC" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="ID9b8c85d6ae1b4142a935fc84a5782ac1"><enum>(e)</enum><header display-inline="yes-display-inline">Investment limitations</header>
<paragraph commented="no" display-inline="no-display-inline" id="idD4D7436890814051B176BD5940244C75"><enum>(1)</enum><header display-inline="yes-display-inline">Definition</header><text display-inline="yes-display-inline">In this subsection, the term <term>covered
New Markets Venture Capital company</term> means a New Markets Venture Capital
company—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id9C10B6BADA7642288B46BC07874C95C3"><enum>(A)</enum><text display-inline="yes-display-inline">granted final approval by the Administrator
under section 354(e) on or after March 1, 2002; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9A4D82DC26AF4CAC9CD3F2D70B1A001F"><enum>(B)</enum><text display-inline="yes-display-inline">that has obtained a financing from the
Administrator.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id52009A35758A4A4A96A39854126F02D1"><enum>(2)</enum><header display-inline="yes-display-inline">Limitation</header><text display-inline="yes-display-inline">Except to the extent approved by the
Administrator, a covered New Markets Venture Capital company may not acquire or
issue commitments for securities under this title for any single enterprise in
an aggregate amount equal to more than 10 percent of the sum of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID4dfe85d525f94377b205c77905c6a5a6"><enum>(A)</enum><text display-inline="yes-display-inline">the regulatory capital of the covered New
Markets Venture Capital company; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID5db39e98d08e4f7eb08752b4d91ff038"><enum>(B)</enum><text display-inline="yes-display-inline">the total amount of leverage projected in
the participation agreement of the covered New Markets Venture
Capital.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="ID2C6D8A1766D5487B9F37D10195EF317F" section-type="subsequent-section"><enum>225.</enum><header display-inline="yes-display-inline">Alternative size standards</header><text display-inline="no-display-inline">Section 3(a) of the Small Business Act (15
U.S.C. 632(a)) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="IDDB924E9645C54B089E843E886BB9507D" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="IDB88E42493A284BB3A88E28989ED2FE13" indent="up1"><enum>(5)</enum><header display-inline="yes-display-inline">Alternative size standard</header>
<subparagraph commented="no" display-inline="no-display-inline" id="IDD918AD720A5B45D184BB8EA3D18935A8"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Administrator shall establish an
alternative size standard for applicants for business loans under section 7(a)
and applicants for development company loans under title V of the Small
Business Investment Act of 1958 (15 U.S.C. 695 et seq.), that uses maximum
tangible net worth and average net income as an alternative to the use of
industry standards.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDF56EE87140564DDD9D1D56F59EE369D6"><enum>(B)</enum><header display-inline="yes-display-inline">Interim rule</header><text display-inline="yes-display-inline">Until the date on which the alternative
size standard established under subparagraph (A) is in effect, an applicant for
a business loan under section 7(a) or an applicant for a development company
loan under title V of the Small Business Investment Act of 1958 may be eligible
for such a loan if—</text>
<clause commented="no" display-inline="no-display-inline" id="id3EBCBC4DA6964D06AA405053CB101751"><enum>(i)</enum><text display-inline="yes-display-inline">the maximum tangible net worth of the
applicant is not more than $15,000,000; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id5CE0C207E4B344838F664985EC3A9453"><enum>(ii)</enum><text display-inline="yes-display-inline">the average net income after Federal income
taxes (excluding any carry-over losses) of the applicant for the 2 full fiscal
years before the date of the application is not more than
$5,000,000.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="ID0efa98abeb54415e9505b0b88e49e46e" section-type="subsequent-section"><enum>226.</enum><header display-inline="yes-display-inline">Sale of
7<enum-in-header>(a)</enum-in-header> loans in secondary market</header><text display-inline="no-display-inline">Section 5(g) of the Small Business Act (15
U.S.C. 634(g)) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idC929505279254299887D00D28B765A59" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="ID5129017c6065460b81fbf7cfe923993f" indent="up1"><enum>(6)</enum><text display-inline="yes-display-inline">If the amount of the guaranteed portion of
any loan under section 7(a) is more than $500,000, the Administrator shall,
upon request of a pool assembler, divide the loan guarantee into increments of
$500,000 and 1 increment of any remaining amount less than $500,000, in order
to permit the maximum amount of any loan in a pool to be not more than
$500,000. Only 1 increment of any loan guarantee divided under this paragraph
may be included in the same pool. Increments of loan guarantees to different
borrowers that are divided under this paragraph may be included in the same
pool.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="idD11D3C54172146F481DAB8D0FB02D3D6" section-type="subsequent-section"><enum>227.</enum><header display-inline="yes-display-inline">Online lending platform</header><text display-inline="no-display-inline">It is the sense of Congress that the
Administrator of the Small Business Administration should establish a website
that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idA415D6B09E97472B9C1BAF91F495C498"><enum>(1)</enum><text display-inline="yes-display-inline">lists each lender that makes loans
guaranteed by the Small Business Administration and provides information about
the loan rates of each such lender; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id47F43C11181249638E54E54D8AE9ED2F"><enum>(2)</enum><text display-inline="yes-display-inline">allows prospective borrowers to compare
rates on loans guaranteed by the Small Business Administration.</text>
</paragraph></section></subtitle><subtitle commented="no" id="idFAE64C4A6ED4440C8F361CF182D14D55" level-type="subsequent"><enum>B</enum><header display-inline="yes-display-inline">Small Business Access to Capital</header>
<section commented="no" display-inline="no-display-inline" id="idA9F9FAC007444EC7A303C340D3A6C021" section-type="subsequent-section"><enum>228.</enum><header display-inline="yes-display-inline">Low-interest refinancing under the local
development business loan program</header>
<subsection commented="no" display-inline="no-display-inline" id="id8C379D245B3D453994059F3FCCF499EB"><enum>(a)</enum><header display-inline="yes-display-inline">Refinancing</header><text display-inline="yes-display-inline">Section 502(7) of the Small Business
Investment Act of 1958 (15 U.S.C. 696(7)) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="id5BE17E12E5114AADA3F5A39F4A0EC14F" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id45A5CA0045EC4C94AAA3B9E7980FF9B3"><enum>(C)</enum><header display-inline="yes-display-inline">Refinancing not involving
expansions</header>
<clause commented="no" display-inline="no-display-inline" id="idB9C636158B1A4AC399D9E931BB5F56FF"><enum>(i)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this subparagraph—</text>
<subclause commented="no" display-inline="no-display-inline" id="idEBD8460443454E3D81585C3EC68494FD"><enum>(I)</enum><text display-inline="yes-display-inline">the term <term>borrower</term> means a
small business concern that submits an application to a development company for
financing under this subparagraph;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id590064BF6F5A40119BAD00E111D346F1"><enum>(II)</enum><text display-inline="yes-display-inline">the term <term>eligible fixed asset</term>
means tangible property relating to which the Administrator may provide
financing under this section; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id3999E864FC2E4FFA991E3BD8170364C1"><enum>(III)</enum><text display-inline="yes-display-inline">the term <term>qualified debt</term> means
indebtedness—</text>
<item commented="no" display-inline="no-display-inline" id="idD8028166335643C89F5543376A94853B"><enum>(aa)</enum><text display-inline="yes-display-inline">that—</text>
<subitem commented="no" display-inline="no-display-inline" id="idCE1DCA0823564C49BFB9AFD531E3302F"><enum>(AA)</enum><text display-inline="yes-display-inline">was incurred not less than 2 years before
the date of the application for assistance under this subparagraph;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="idEB3CA8D761114D1EAA52977D197E2539"><enum>(BB)</enum><text display-inline="yes-display-inline">is a commercial loan;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="id188D61B83A284DB0920CE38781809994"><enum>(CC)</enum><text display-inline="yes-display-inline">is not subject to a guarantee by a Federal
agency;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="idC25638F8798D423F9AD986086A506C3C"><enum>(DD)</enum><text display-inline="yes-display-inline">the proceeds of which were used to acquire
an eligible fixed asset;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="idFC6A0C1037094AE7AFEA25143D3875EE"><enum>(EE)</enum><text display-inline="yes-display-inline">was incurred for the benefit of the small
business concern; and</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="id62AB2C39582A43D189E72ED5CA38EE58"><enum>(FF)</enum><text display-inline="yes-display-inline">is collateralized by eligible fixed assets;
and</text>
</subitem></item><item commented="no" display-inline="no-display-inline" id="id54570E8A496C4F538C029D6F2E932772"><enum>(bb)</enum><text display-inline="yes-display-inline">for which the borrower has been current on
all payments for not less than 1 year before the date of the
application.</text>
</item></subclause></clause><clause commented="no" display-inline="no-display-inline" id="ID5e57b42b789546ac904214133c0fb7db"><enum>(ii)</enum><header display-inline="yes-display-inline">Authority</header><text display-inline="yes-display-inline">A project that does not involve the
expansion of a small business concern may include the refinancing of qualified
debt if—</text>
<subclause commented="no" display-inline="no-display-inline" id="ID052b2c072c844838ab1c076f386a3ae2"><enum>(I)</enum><text display-inline="yes-display-inline">the amount of the financing is not more
than 80 percent of the value of the collateral for the financing, except that,
if the appraised value of the eligible fixed assets serving as collateral for
the financing is less than the amount equal to 125 percent of the amount of the
financing, the borrower may provide additional cash or other collateral to
eliminate any deficiency;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="IDe1499e706e6b4c929ccb2fe58f779a92"><enum>(II)</enum><text display-inline="yes-display-inline">the borrower has been in operation for all
of the 2-year period ending on the date of the loan; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID4800f2c63cf540fea60fcfb62f11f27a"><enum>(III)</enum><text display-inline="yes-display-inline">for a financing for which the Administrator
determines there will be an additional cost attributable to the refinancing of
the qualified debt, the borrower agrees to pay a fee in an amount equal to the
anticipated additional cost.</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="ID4d84e3854e2e4246ad5f46f894099654"><enum>(iii)</enum><header display-inline="yes-display-inline">Financing for business expenses</header>
<subclause commented="no" display-inline="no-display-inline" id="id3C4E00CBF64A4BD09A6C8B628B8EE9DE"><enum>(I)</enum><header display-inline="yes-display-inline">Financing for business
expenses</header><text display-inline="yes-display-inline">The Administrator
may provide financing to a borrower that receives financing that includes a
refinancing of qualified debt under clause (ii), in addition to the refinancing
under clause (ii), to be used solely for the payment of business
expenses.</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idD3FE978116934ECBB9D24E30652D8A26"><enum>(II)</enum><header display-inline="yes-display-inline">Application for financing</header><text display-inline="yes-display-inline">An application for financing under
subclause (I) shall include—</text>
<item commented="no" display-inline="no-display-inline" id="id393E7B2E33124212812D22FAC2AFABDB"><enum>(aa)</enum><text display-inline="yes-display-inline">a specific description of the expenses for
which the additional financing is requested; and</text>
</item><item commented="no" display-inline="no-display-inline" id="idF9943650B1834AF49B10E9436D207481"><enum>(bb)</enum><text display-inline="yes-display-inline">an itemization of the amount of each
expense.</text>
</item></subclause><subclause commented="no" display-inline="no-display-inline" id="id2AF09E16EDAC4EB5B35C08E53E42E829"><enum>(III)</enum><header display-inline="yes-display-inline">Condition on additional
financing</header><text display-inline="yes-display-inline">A borrower may not
use any part of the financing under this clause for non-business
purposes.</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="ID3381e0918d6e4555ab981fc80d5bdc0a"><enum>(iv)</enum><header display-inline="yes-display-inline">Loans based on jobs</header>
<subclause commented="no" display-inline="no-display-inline" id="id2E7CC28D29D946FE8C5E2184EF0C6EFB"><enum>(I)</enum><header display-inline="yes-display-inline">Job creation and retention goals</header>
<item commented="no" display-inline="no-display-inline" id="id41BC5CE92A864EE2BFA735523A99CEF1"><enum>(aa)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Administrator may provide financing
under this subparagraph for a borrower that meets the job creation goals under
subsection (d) or (e) of section 501.</text>
</item><item commented="no" display-inline="no-display-inline" id="idF8FBB113ACA04AB5917441F92459E86D"><enum>(bb)</enum><header display-inline="yes-display-inline">Alternate job retention goal</header><text display-inline="yes-display-inline">The Administrator may provide financing
under this subparagraph to a borrower that does not meet the goals described in
item (aa) in an amount that is not more than the product obtained by
multiplying the number of employees of the borrower by $65,000.</text>
</item></subclause><subclause commented="no" display-inline="no-display-inline" id="idE4F1F6D635A84EC2AB75929F79410AAA"><enum>(II)</enum><header display-inline="yes-display-inline">Number of employees</header><text display-inline="yes-display-inline">For purposes of subclause (I), the number
of employees of a borrower is equal to the sum of—</text>
<item commented="no" display-inline="no-display-inline" id="idC10FBFA67D594806BEE29EBA426DFE4C"><enum>(aa)</enum><text display-inline="yes-display-inline">the number of full-time employees of the
borrower on the date on which the borrower applies for a loan under this
subparagraph; and</text>
</item><item commented="no" display-inline="no-display-inline" id="idCB0C4E8FC1644A748036E5B5DE10050E"><enum>(bb)</enum><text display-inline="yes-display-inline">the product obtained by multiplying—</text>
<subitem commented="no" display-inline="no-display-inline" id="idC09BC13AD1384C3985BC576B78A10FF5"><enum>(AA)</enum><text display-inline="yes-display-inline">the number of part-time employees of the
borrower on the date on which the borrower applies for a loan under this
subparagraph; by</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="id49EF7C4DCB9541B3B83B21D5B253A43B"><enum>(BB)</enum><text display-inline="yes-display-inline">the quotient obtained by dividing the
average number of hours each part time employee of the borrower works each week
by 40.</text>
</subitem></item></subclause></clause><clause commented="no" display-inline="no-display-inline" id="ID3992ff78687d4149ac1ed746173411e6"><enum>(v)</enum><header display-inline="yes-display-inline">Nondelegation</header><text display-inline="yes-display-inline">Notwithstanding section 508(e), the
Administrator may not permit a premier certified lender to approve or
disapprove an application for assistance under this subparagraph.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID5e1210fad43c4ab08e952841f3d7d7ec"><enum>(vi)</enum><header display-inline="yes-display-inline">Total amount of loans</header><text display-inline="yes-display-inline">The Administrator may provide not more than
a total of $4,000,000,000 of financing under this subparagraph for each fiscal
year.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idD8C52A3951F2451EA7FC41B28C4AA1D9"><enum>(b)</enum><header display-inline="yes-display-inline">Prospective repeal</header><text display-inline="yes-display-inline">Effective 2 years after the date of
enactment of this Act, section 502(7) of the Small Business Investment Act of
1958 (15 U.S.C. 696(7)) is amended by striking subparagraph (C).</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idF356B3E2240C472BAA5F4FA04E208454"><enum>(c)</enum><header display-inline="yes-display-inline">Technical correction</header><text display-inline="yes-display-inline">Section 502(2)(A)(i) of the Small Business
Investment Act of 1958 (15 U.S.C. 696(2)(A)(i)) is amended by striking
<quote>subparagraph (B) or (C)</quote> and inserting <quote>clause (ii), (iii),
(iv), or (v)</quote>.</text>
</subsection></section></subtitle><enum>III</enum><header>Small business
exporting</header>
<section commented="no" display-inline="no-display-inline" id="id00F86E22FFB44D98AAAF1C9B7B9DFEBD" section-type="subsequent-section"><enum>301.</enum><header display-inline="yes-display-inline">Short title</header><text display-inline="no-display-inline">This title may be cited as the
<quote><short-title>Small Business Export Enhancement and
International Trade Act of 2010</short-title></quote>.</text>
</section><section commented="no" display-inline="no-display-inline" id="idC9BFF91115524C3A90F781140D67AB11" section-type="subsequent-section"><enum>302.</enum><header display-inline="yes-display-inline">Definitions</header>
<subsection commented="no" display-inline="no-display-inline" id="id5CBEBDC6C4C14452ABB56AB7CB7DB628"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this title—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idAE20EBC72CAA424E823A8A3BA6988061"><enum>(1)</enum><text display-inline="yes-display-inline">the terms <term>Administration</term> and
<term>Administrator</term> mean the Small Business Administration and the
Administrator thereof, respectively;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idD84D2EE3492643B99972429D024F0F76"><enum>(2)</enum><text display-inline="yes-display-inline">the term <term>Associate
Administrator</term> means the Associate Administrator for International Trade
appointed under section 22(a)(2) of the Small Business Act, as amended by this
Act;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id26A3217D3C6647B6B047C8DA7F2EB366"><enum>(3)</enum><text display-inline="yes-display-inline">the term <term>Export Assistance
Center</term> means a one-stop shop referred to in section 2301(b)(8) of the
Omnibus Trade and Competitiveness Act of 1988 (15 U.S.C. 4721(b)(8));</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idB6C832BE7EBC428C9E8FC57B4AC5030F"><enum>(4)</enum><text display-inline="yes-display-inline">the term <term>rural small business
concern</term> means a small business concern located in a rural area, as that
term is defined in section 1393(a)(2) of the Internal Revenue Code of 1986;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id346C0BAD570B40908514D4F4AE6A7FB5"><enum>(5)</enum><text display-inline="yes-display-inline">the term <term>small business
concern</term> has the meaning given that term under section 3 of the Small
Business Act (15 U.S.C. 632).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id1FE6F6837C184DDFA997C2E9498E9977"><enum>(b)</enum><header display-inline="yes-display-inline">Technical and conforming
amendments</header>
<paragraph commented="no" display-inline="no-display-inline" id="id1AF12579910044BC83A156CE20583288"><enum>(1)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">Section 3 of the Small Business Act (15
U.S.C. 632) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idFFEF4D7E696A40F7A64B011910B7BC49" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id5B8266F75F8F45AE846632E174C7E6F0"><enum>(t)</enum><header display-inline="yes-display-inline">Small business development
center</header><text display-inline="yes-display-inline">In this Act, the term
<term>small business development center</term> means a small business
development center described in section 21.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id461856EC929F4288A5F1A0EB6187E19C"><enum>(u)</enum><header display-inline="yes-display-inline">Region of the Administration</header><text display-inline="yes-display-inline">In this Act, the term <quote>region of the
Administration</quote> means the geographic area served by a regional office of
the Administration established under section
4(a).</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3BBD07FAC23E40D5AD766810A3281376"><enum>(2)</enum><header display-inline="yes-display-inline">Conforming amendment</header><text display-inline="yes-display-inline">Section 4(b)(3)(B)(x) of the Small Business
Act (15 U.S.C. 633(b)(3)(B)(x)) is amended by striking <quote>Administration
district and region</quote> and inserting <quote>district and region of the
Administration</quote>.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="IDf425bfb234764304ac0d6296c9f1a6c3" section-type="subsequent-section"><enum>303.</enum><header display-inline="yes-display-inline">Office of International Trade</header>
<subsection commented="no" display-inline="no-display-inline" id="ID75ab5272b2864772975568ddd3b73eb7"><enum>(a)</enum><header display-inline="yes-display-inline">Establishment</header><text display-inline="yes-display-inline">Section 22 of the Small Business Act (15
U.S.C. 649) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID22af7c4e644d454b80df28035c5ae662"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote><header-in-text level="subsection" style="traditional">Sec. 22.</header-in-text> (a)
There</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idB7496D1543A04D349E7C2D1B6C3E82FB" style="OLC">
<section commented="no" display-inline="no-display-inline" id="IDda057987d26641529918e81a0b36f5ea" section-type="subsequent-section"><enum>22.</enum><header display-inline="yes-display-inline">Office of International Trade</header>
<subsection commented="no" display-inline="no-display-inline" id="id7A0D319C4DA240548502759D13FD1023"><enum>(a)</enum><header display-inline="yes-display-inline">Establishment</header>
<paragraph commented="no" display-inline="no-display-inline" id="idE813244C267D4C42AEB5B0B1EDFAAABC"><enum>(1)</enum><header display-inline="yes-display-inline">Office</header><text display-inline="yes-display-inline">There</text>
</paragraph></subsection></section><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id800D354EACCF491785AFCA8280329E63"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (a)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id3A317BFCC8C64E068C5FE15C2F8BE536"><enum>(A)</enum><text display-inline="yes-display-inline">in paragraph (1), as so designated, by
striking the period and inserting “for the primary purposes of
increasing—</text>
<quoted-block display-inline="no-display-inline" id="idF2625B8ABD5C481487AD6B519559EE07" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id013B8A886EDB4428A2D663814D5C7F8C"><enum>(A)</enum><text display-inline="yes-display-inline">the number of small business concerns that
export; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idB1FFA75A4CC04E07A78EEE3CA1411427"><enum>(B)</enum><text display-inline="yes-display-inline">the volume of exports by small business
concerns.</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC07FDEA55E0B4319B00EA7CF449832A1"><enum>(B)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id6BC2A93E81E34DF692B5C5679DD7781C" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="idB4ABA0C812A246F7A51C9D34A57FBC20"><enum>(2)</enum><header display-inline="yes-display-inline">Associate Administrator</header><text display-inline="yes-display-inline">The head of the Office shall be the
Associate Administrator for International Trade, who shall be responsible to
the
Administrator.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDcb2c2a78164842f49466916e7cfa2106"><enum>(b)</enum><header display-inline="yes-display-inline">Authority for Additional Associate
Administrator</header><text display-inline="yes-display-inline">Section 4(b)(1)
of the Small Business Act (15 U.S.C. 633(b)(1)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID81c276fe27314517ae25818c7148dffb"><enum>(1)</enum><text display-inline="yes-display-inline">in the fifth sentence, by striking
<quote>five Associate Administrators</quote> and inserting <quote>Associate
Administrators</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID1382c03cf7654383a2a980f63e38186e"><enum>(2)</enum><text display-inline="yes-display-inline">by adding at the end the following:
<quote>One such Associate Administrator shall be the Associate Administrator
for International Trade, who shall be the head of the Office of International
Trade established under section 22.</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDfc7e7893e2624bb0908180457f22c3b0"><enum>(c)</enum><header display-inline="yes-display-inline">Discharge of International Trade
Responsibilities of Administration</header><text display-inline="yes-display-inline">Section 22 of the Small Business Act (15
U.S.C. 649) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idD879524745A7490BA664B97901C0AAFC" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="IDcac3138e6c4849dc849f4eb93932fc75"><enum>(h)</enum><header display-inline="yes-display-inline">Discharge of International Trade
Responsibilities of Administration</header><text display-inline="yes-display-inline">The Administrator shall ensure that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID1057c4f9b8674cf1898a64d992af95bc"><enum>(1)</enum><text display-inline="yes-display-inline">the responsibilities of the Administration
regarding international trade are carried out by the Associate
Administrator;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDcc9b114e37764f0c9c9976db71f48a48"><enum>(2)</enum><text display-inline="yes-display-inline">the Associate Administrator has sufficient
resources to carry out such responsibilities; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID0619e2bb7316469e8856f03cac4c1f31"><enum>(3)</enum><text display-inline="yes-display-inline">the Associate Administrator has direct
supervision and control over—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id6AD60A41AE744F42A125CF41AF21A86E"><enum>(A)</enum><text display-inline="yes-display-inline">the staff of the Office; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id47E52B7D2EBA44B18F9785935C2621DC"><enum>(B)</enum><text display-inline="yes-display-inline">any employee of the Administration whose
principal duty station is an Export Assistance Center, or any successor
entity.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="IDab5ce1ead7074fedb62cc2bd7ce2b1ca"><enum>(d)</enum><header display-inline="yes-display-inline">Role of Associate Administrator in carrying
out international trade policy</header><text display-inline="yes-display-inline">Section 2(b)(1) of the Small Business Act
(15 U.S.C. 631(b)(1)) is amended in the matter preceding subparagraph
(A)—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID03f2c910f0d9428498b6b25ebd90c4cc"><enum>(1)</enum><text display-inline="yes-display-inline">by inserting <quote>the Administrator
of</quote> before <quote>the Small Business Administration</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID21abd79cd62b4194b203b972fa44ede1"><enum>(2)</enum><text display-inline="yes-display-inline">by inserting <quote>through the Associate
Administrator for International Trade, and</quote> before <quote>in cooperation
with</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID922cb62006fd49208a0abb2bf4e2bf1e"><enum>(e)</enum><header display-inline="yes-display-inline">Implementation date</header><text display-inline="yes-display-inline">Not later than 90 days after the date of
enactment of this Act, the Administrator of the Small Business Administration
shall appoint an Associate Administrator for International Trade under section
22(a) of the Small Business Act (15 U.S.C. 649(a)), as added by this
section.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="IDc56c99be3ea04563ba814f5cac112802" section-type="subsequent-section"><enum>304.</enum><header display-inline="yes-display-inline">Duties of the Office of International
Trade</header>
<subsection commented="no" display-inline="no-display-inline" id="id26B2A0873D9A4240B7AC00626A4440D5"><enum>(a)</enum><header display-inline="yes-display-inline">Amendments to section 22</header><text display-inline="yes-display-inline">Section 22 of the Small Business Act (15
U.S.C. 649) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID32e016cfcdc2471980828936aff0c5a0"><enum>(1)</enum><text display-inline="yes-display-inline">by striking subsection (b) and inserting
the following:</text>
<quoted-block display-inline="no-display-inline" id="id32240058E4DA4E6994A7E92D4D0BCB31" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="ID7915ac308f084772b797b86c19d723f3"><enum>(b)</enum><header display-inline="yes-display-inline">Trade distribution network</header><text display-inline="yes-display-inline">The Associate Administrator, working in
close cooperation with the Secretary of Commerce, the United States Trade
Representative, the Export-Import Bank of the United States, the Overseas
Private Investment Corporation, and other relevant Federal agencies, small
business development centers engaged in export promotion efforts, Export
Assistance Centers, regional and district offices of the Administration, the
small business community, and relevant State and local export promotion
programs, shall—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id3FC75578C9F64C119F3FD5379E907DD3"><enum>(1)</enum><text display-inline="yes-display-inline">maintain a distribution network, using
regional and district offices of the Administration, the small business
development center network, networks of women's business centers, the Service
Corps of Retired Executives authorized by section 8(b)(1), and Export
Assistance Centers, for programs relating to—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID3a942e73d52f4d7ea5770bacc1414060"><enum>(A)</enum><text display-inline="yes-display-inline">trade promotion;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID2011228ac39143c0bf454cb2da1e29d7"><enum>(B)</enum><text display-inline="yes-display-inline">trade finance;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID0faf353822ed40cbbe1734dee18b5de2"><enum>(C)</enum><text display-inline="yes-display-inline">trade adjustment assistance;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID83e1de5ee64a4ef4926613b9e2e2bf98"><enum>(D)</enum><text display-inline="yes-display-inline">trade remedy assistance; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID3681f106a5404a3c972e934117a819fd"><enum>(E)</enum><text display-inline="yes-display-inline">trade data collection;</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idE5839FCC2F8F45BA8CBD883E9DE18CC1"><enum>(2)</enum><text display-inline="yes-display-inline">aggressively market the programs described
in paragraph (1) and disseminate information, including computerized marketing
data, to small business concerns on exporting trends, market-specific growth,
industry trends, and international prospects for exports;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0D7AEC6DFF2C4BF1A323567D98DFFBEC"><enum>(3)</enum><text display-inline="yes-display-inline">promote export assistance programs through
the district and regional offices of the Administration, the small business
development center network, Export Assistance Centers, the network of women's
business centers, chapters of the Service Corps of Retired Executives, State
and local export promotion programs, and partners in the private sector;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7BD2060AD7E94B3E9BA88A4FB53021B6"><enum>(4)</enum><text display-inline="yes-display-inline">give preference in hiring or approving the
transfer of any employee into the Office or to a position described in
subsection (c)(9) to otherwise qualified applicants who are fluent in a
language in addition to English, to—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id4779CE030A53479B87BD4B631E587FE3"><enum>(A)</enum><text display-inline="yes-display-inline">accompany small business concerns on
foreign trade missions; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9C39B5852E764AD6A58682EC2CBF732A"><enum>(B)</enum><text display-inline="yes-display-inline">translate documents, interpret
conversations, and facilitate multilingual transactions, including by providing
referral lists for translation services, if
required.</text>
</subparagraph></paragraph></subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID54d372ba63d4448a939a1f619e7fe4b1"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (c)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idB14932FFF5E94ACBA9286A3716D3A161"><enum>(A)</enum><text display-inline="yes-display-inline">by striking <quote>(c) The Office</quote>
and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id08D48C8D6AE94779A83B155EFF2B54AA" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id34A4075C8CC04E248FAF5BAB8C1A72A4"><enum>(c)</enum><header display-inline="yes-display-inline">Promotion of sales
opportunities</header><text display-inline="yes-display-inline">The Associate
Administrator</text>
</subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID9b1cf04e5b5a45af8ba3ae01174f9565"><enum>(B)</enum><text display-inline="yes-display-inline">by redesignating paragraphs (1) through (8)
as paragraphs (2) through (9), respectively;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID1321e32ec9ab45be84d20383647df98c"><enum>(C)</enum><text display-inline="yes-display-inline">by inserting before paragraph (2), as so
redesignated, the following:</text>
<quoted-block display-inline="no-display-inline" id="id9219DD5D86B349DB972334E342519258" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="ID7902fbf8c8d4410ebc07ed7340270abe"><enum>(1)</enum><text display-inline="yes-display-inline">establish annual goals for the Office
relating to—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID8a2cc358674b4a91840be72e7db1a170"><enum>(A)</enum><text display-inline="yes-display-inline">enhancing the exporting capability of small
business concerns and small manufacturers;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID6fb1cdebb96740e1834b5c93ecb91767"><enum>(B)</enum><text display-inline="yes-display-inline">facilitating technology transfers;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID801b4baddf4644f5b34bd0aef902da9f"><enum>(C)</enum><text display-inline="yes-display-inline">enhancing programs and services to assist
small business concerns and small manufacturers to compete effectively and
efficiently against foreign entities;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID7bb14f64b5ed4dc4b8062ff787e6a0b7"><enum>(D)</enum><text display-inline="yes-display-inline">increasing the ability of small business
concerns to access capital;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID014b770751c7451eb1a71bcf17788ea1"><enum>(E)</enum><text display-inline="yes-display-inline">disseminating information concerning
Federal, State, and private programs and initiatives; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID8e3c209d8f464c058d80e73fa959ea51"><enum>(F)</enum><text display-inline="yes-display-inline">ensuring that the interests of small
business concerns are adequately represented in trade
negotiations;</text>
</subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID0613389f2e834f918cf07875c4877bd7"><enum>(D)</enum><text display-inline="yes-display-inline">in paragraph (2), as so redesignated, by
striking <quote>mechanism for</quote> and all that follows through <quote>(D)
assisting</quote> and inserting the
following:</text>
<quoted-block display-inline="yes-display-inline" id="id6C5BC2B7E9F849E39A936CC1E947E64C" style="OLC">
<text>mechanism
for—</text><subparagraph commented="no" display-inline="no-display-inline" id="ID4d572bf91609423491d3d6a0682f8cf0"><enum>(A)</enum><text display-inline="yes-display-inline">identifying subsectors of the small
business community with strong export potential;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID518e17e9254c4d4789e291a8ac50090f"><enum>(B)</enum><text display-inline="yes-display-inline">identifying areas of demand in foreign
markets;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID6653280a846943118e156fa4dfbd1052"><enum>(C)</enum><text display-inline="yes-display-inline">prescreening foreign buyers for commercial
and credit purposes; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID2a93ecd958ec4e9db989f97bbd364520"><enum>(D)</enum><text display-inline="yes-display-inline">assisting</text>
</subparagraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id75534A04EB134243818FB1855034DBF2"><enum>(E)</enum><text display-inline="yes-display-inline">in paragraph (3), as so redesignated, by
striking <quote>assist small businesses in the formation and utilization
of</quote> and inserting <quote>assist small business concerns in forming and
using</quote>;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id43D8BB31BD43454B94477E8F20BB6F60"><enum>(F)</enum><text display-inline="yes-display-inline">in paragraph (4), as so
redesignated—</text>
<clause commented="no" display-inline="no-display-inline" id="id4E0C6A8C178E455BB6FDCD9198563D9E"><enum>(i)</enum><text display-inline="yes-display-inline">by striking <quote>local</quote> and
inserting <quote>district</quote>;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idD12FBEBE5D664AAE95E4C1461F9B42F3"><enum>(ii)</enum><text display-inline="yes-display-inline">by striking <quote>existing</quote>;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id105F92EFE1074E70A2502A35604916A4"><enum>(iii)</enum><text display-inline="yes-display-inline">by striking <quote>Small Business
Development Center network</quote> and inserting <quote>small business
development center network</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id0032DB5B11B841DBA85B233870516242"><enum>(iv)</enum><text display-inline="yes-display-inline">by striking <quote>Small Business
Development Center Program</quote> and inserting <quote>small business
development center program</quote>;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idAF411DCDB49A42789996F790AE04DA41"><enum>(G)</enum><text display-inline="yes-display-inline">in paragraph (5), as so
redesignated—</text>
<clause commented="no" display-inline="no-display-inline" id="id2EF629E26EE74E2ABD0F80172870CA79"><enum>(i)</enum><text display-inline="yes-display-inline">in subparagraph (A), by striking
<quote>Gross State Produce</quote> and inserting <quote>Gross State
Product</quote>;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id64123FBF65EC4636929D56A2A9A99286"><enum>(ii)</enum><text display-inline="yes-display-inline">in subparagraph (B), by striking
<quote>SIC</quote> each place it appears and inserting <quote>North American
Industry Classification System</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id71246B24881C465DAB3A783A7FA471C2"><enum>(iii)</enum><text display-inline="yes-display-inline">in subparagraph (C), by striking
<quote>small businesses</quote> and inserting <quote>small business
concerns</quote>;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id0173021F82874401BA0E78C926BF2C39"><enum>(H)</enum><text display-inline="yes-display-inline">in paragraph (6), as so redesignated, by
striking the period at the end and inserting a semicolon;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id03D053C4782D4708A9D9A9FC5C0A7EAB"><enum>(I)</enum><text display-inline="yes-display-inline">in paragraph (7), as so
redesignated—</text>
<clause commented="no" display-inline="no-display-inline" id="id7E6E4391B00542BABEFEC1B5796718B2"><enum>(i)</enum><text display-inline="yes-display-inline">in the matter preceding subparagraph
(A)—</text>
<subclause commented="no" display-inline="no-display-inline" id="idB2DEFBBE7300401393EF120421077538"><enum>(I)</enum><text display-inline="yes-display-inline">by inserting <quote>concerns</quote> after
<quote>small business</quote>; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id21625C4E465C4DE99FA41BC3863C82D4"><enum>(II)</enum><text display-inline="yes-display-inline">by striking <quote>current</quote> and
inserting <quote>up to date</quote>;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id5DDD8FA96989499CA03F8D12FBC557BB"><enum>(ii)</enum><text display-inline="yes-display-inline">in subparagraph (A), by striking
<quote>Administration's regional offices</quote> and inserting <quote>regional
and district offices of the Administration</quote>;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idCA53E53898E0470AAE1B74E465FE68BB"><enum>(iii)</enum><text display-inline="yes-display-inline">in subparagraph (B) by striking
<quote>current</quote>;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idA42B5FBA338C4D518AA2C1709F127669"><enum>(iv)</enum><text display-inline="yes-display-inline">in subparagraph (C), by striking
<quote>current</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id818F3B8E3B3547688CE50346777CEADE"><enum>(v)</enum><text display-inline="yes-display-inline">by striking <quote>small businesses</quote>
each place that term appears and inserting <quote>small business
concerns</quote>;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD1C795000249405798A8EA725585BBFF"><enum>(J)</enum><text display-inline="yes-display-inline">in paragraph (8), as so redesignated, by
striking and at the end;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa78aa80954504cecb654cf5687f8660c"><enum>(K)</enum><text display-inline="yes-display-inline">in paragraph (9), as so
redesignated—</text>
<clause commented="no" display-inline="no-display-inline" id="idECCC021E36C54B91BC8C3A1F9AAAB370"><enum>(i)</enum><text display-inline="yes-display-inline">in the matter preceding subparagraph
(A)—</text>
<subclause commented="no" display-inline="no-display-inline" id="ID07827cd5bc09485a98ab46e267f9cbac"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>full-time export
development specialists to each Administration regional office and
assigning</quote>; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID332c03b0a32044259dabf8e74b770cf3"><enum>(II)</enum><text display-inline="yes-display-inline">by striking <quote>person in each district
office. Such specialists</quote> and inserting <quote>individual in each
district office and providing each Administration regional office with a
full-time export development specialist, who</quote>;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id900A008C74DC477F9653CA563051EB89"><enum>(ii)</enum><text display-inline="yes-display-inline">in subparagraph (B)—</text>
<subclause commented="no" display-inline="no-display-inline" id="id6F9DB8D2D11E4689AA128CAA9F50325E"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>current</quote>;
and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id48D38AEE14D1477F88305C1B2F9A37AF"><enum>(II)</enum><text display-inline="yes-display-inline">by striking <quote>with</quote> and
inserting <quote>in</quote>;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="IDbb412155b65342cca2382bbd387ad637"><enum>(iii)</enum><text display-inline="yes-display-inline">in subparagraph (D)—</text>
<subclause commented="no" display-inline="no-display-inline" id="id18CCA8DDB57A471E9509FBC57630548D"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>Administration personnel
involved in granting</quote> and inserting <quote>personnel of the
Administration involved in making</quote>; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id3FF9FC130E934A40AB14720110ACDBAC"><enum>(II)</enum><text display-inline="yes-display-inline">by striking <quote>and</quote> at the
end;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="IDda5c1e5bfe1346e0804cdfaf9f858c40"><enum>(iv)</enum><text display-inline="yes-display-inline">in subparagraph (E)—</text>
<subclause commented="no" display-inline="no-display-inline" id="id7246360C800D42B487A4C05FC910B817"><enum>(I)</enum><text display-inline="yes-display-inline">by striking <quote>small businesses'
needs</quote> and inserting <quote>the needs of small business
concerns</quote>; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id29878B82786E4DE7A90C9EF0758C1C97"><enum>(II)</enum><text display-inline="yes-display-inline">by striking the period at the end and
inserting a semicolon;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="ID106da6cf85f04acfbddfa64a495bbf71"><enum>(v)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idE50FAA16F16D4CF6A6AD6E6D6D5A966C" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="ID7a4c5bbd188343939860ea607b4a3621"><enum>(F)</enum><text display-inline="yes-display-inline">participate, jointly with employees of the
Office, in an annual training program that focuses on current small business
needs for exporting; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID93f466d0219e4a18b76d0fa8a83a0c12"><enum>(G)</enum><text display-inline="yes-display-inline">develop and conduct training programs for
exporters and lenders, in cooperation with the Export Assistance Centers, the
Department of Commerce, small business development centers, women's business
centers, the Export-Import Bank of the United States, the Overseas Private
Investment Corporation, and other relevant Federal
agencies;</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</clause><clause commented="no" display-inline="no-display-inline" id="id03D77C449E644BE49643B7DBC3DE8936"><enum>(vi)</enum><text display-inline="yes-display-inline">by striking <quote>small businesses</quote>
each place that term appears and inserting <quote>small business
concerns</quote>; and</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF5B6468F839C46C097CCA3EDCC0AC693"><enum>(L)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id69B2B9C42F524882AD830C1409A76697" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id9C49C64D08384E35B168707D56FA487F"><enum>(10)</enum><text display-inline="yes-display-inline">make available on the website of the
Administration the name and contact information of each individual described in
paragraph (9);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idA118B94A769D439AA3FCEBD2AF74429F"><enum>(11)</enum><text display-inline="yes-display-inline">carry out a nationwide marketing effort
using technology, online resources, training, and other strategies to promote
exporting as a business development opportunity for small business
concerns;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5DC26D62C80B448293CFDC084694B048"><enum>(12)</enum><text display-inline="yes-display-inline">disseminate information to the small
business community through regional and district offices of the Administration,
the small business development center network, Export Assistance Centers, the
network of women's business centers, chapters of the Service Corps of Retired
Executives authorized by section 8(b)(1), State and local export promotion
programs, and partners in the private sector regarding exporting trends,
market-specific growth, industry trends, and prospects for exporting;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idA315A2EC041E44E786C6E48C2D001E4D"><enum>(13)</enum><text display-inline="yes-display-inline">establish and carry out training programs
for the staff of the regional and district offices of the Administration and
resource partners of the Administration on export promotion and providing
assistance relating to
exports.</text>
</paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID8015ca327c244461ac9873e86b47fea5"><enum>(3)</enum><text display-inline="yes-display-inline">in subsection (d)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDa0bbd8e7f62645ce83fb6e46b83870ee"><enum>(A)</enum><text display-inline="yes-display-inline">by redesignating paragraphs (1) through (5)
as clauses (i) through (v), respectively, and adjusting the margins
accordingly;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa20cb07c6a014c03ac19556592766c3a"><enum>(B)</enum><text display-inline="yes-display-inline">by striking <quote>(d) The Office</quote>
and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idF9FB5342BE4D4880B58E4F8FD67210BD" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id453B04FF268C4AA1BFAAA67F438024EC"><enum>(d)</enum><header display-inline="yes-display-inline">Export financing programs</header>
<paragraph commented="no" display-inline="no-display-inline" id="id263F342BBE41404F94D9D0D3A6096B7D"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Associate
Administrator</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID54b3444178a3484fb56b42a5d14bcf41"><enum>(C)</enum><text display-inline="yes-display-inline">by striking <quote>To accomplish this goal,
the Office shall work</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id5C81D58FFCE04FF287A6E3220DC77C61" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id45ECFE8807754C35980407C34A4A2A11"><enum>(2)</enum><header display-inline="yes-display-inline">Trade finance specialist</header><text display-inline="yes-display-inline">To accomplish the goal established under
paragraph (1), the Associate Administrator shall—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDe197db93531a4e35963be8a676234033"><enum>(A)</enum><text display-inline="yes-display-inline">designate at least 1 individual within the
Administration as a trade finance specialist to oversee international loan
programs and assist Administration employees with trade finance issues;
and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDf6d122a41185446c87d3228730989126"><enum>(B)</enum><text display-inline="yes-display-inline">work</text>
</subparagraph></paragraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDdb6b9e256ef7410db9b2ff3add2721ec"><enum>(4)</enum><text display-inline="yes-display-inline">in subsection (e), by striking <quote>(e)
The Office</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id016818F3BAD44805A4A401196663A6B1" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id66DDD43040CA410DA830B169624EEC91"><enum>(e)</enum><header display-inline="yes-display-inline">Trade
Remedies</header><text display-inline="yes-display-inline">The Associate
Administrator</text>
</subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDb6568742f0154baf8758ea3e1de74d9a"><enum>(5)</enum><text display-inline="yes-display-inline">by amending subsection (f) to read as
follows:</text>
<quoted-block display-inline="no-display-inline" id="idBCA150A041BB4F60B50B0C1B8500D709" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="ID7c23a8d914cb4da8970cf41467e3b377"><enum>(f)</enum><header display-inline="yes-display-inline">Reporting requirement</header><text display-inline="yes-display-inline">The Associate Administrator shall submit an
annual report to the Committee on Small Business and Entrepreneurship of the
Senate and the Committee on Small Business of the House of Representatives that
contains—</text>
<paragraph commented="no" display-inline="no-display-inline" id="IDd4be41934f1f4901b808015d0718d96d"><enum>(1)</enum><text display-inline="yes-display-inline">a description of the progress of the Office
in implementing the requirements of this section;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idBC424E3F43434590AE87896512029436"><enum>(2)</enum><text display-inline="yes-display-inline">a detailed account of the results of export
growth activities of the Administration, including the activities of each
district and regional office of the Administration, based on the performance
measures described in subsection (i);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3259BB5216904E3FAF5EEF1F1D85827B"><enum>(3)</enum><text display-inline="yes-display-inline">an estimate of the total number of jobs
created or retained as a result of export assistance provided by the
Administration and resource partners of the Administration;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc947da1f98f44618b4f50c7299978d76"><enum>(4)</enum><text display-inline="yes-display-inline">for any travel by the staff of the Office,
the destination of such travel and the benefits to the Administration and to
small business concerns resulting from such travel; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID6cdcdcf21b7a44a0a730f797a89651b5"><enum>(5)</enum><text display-inline="yes-display-inline">a description of the participation by the
Office in trade
negotiations.</text>
</paragraph></subsection><after-quoted-block>;</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDbf05a110e6424c7fadda14b82eba1952"><enum>(6)</enum><text display-inline="yes-display-inline">in subsection (g), by striking <quote>(g)
The Office</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idF0EA1A409BDD4BCE80E8E1E5F1CE3AC9" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id0FD876F66EDC4A2094A7B98244639F3A"><enum>(g)</enum><header display-inline="yes-display-inline">Studies</header><text display-inline="yes-display-inline">The Associate
Administrator</text>
</subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID52bf5ab84d7e4015854011a83e25a8eb"><enum>(7)</enum><text display-inline="yes-display-inline">by adding after subsection (h), as added by
section 303 of this Act, the following:</text>
<quoted-block display-inline="no-display-inline" id="id6437ED87F63B475CA92191A040C91FE6" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="idE4CB3B013ED047E4B4DD698BA1192E36"><enum>(i)</enum><header display-inline="yes-display-inline">Export and trade counseling</header>
<paragraph commented="no" display-inline="no-display-inline" id="idE052FC0E05A74AB4A2395B817EB0EBD6"><enum>(1)</enum><header display-inline="yes-display-inline">Definition</header><text display-inline="yes-display-inline">In this subsection—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id42103DAF306C4F8EA1C32B6B55C64511"><enum>(A)</enum><text display-inline="yes-display-inline">the term <term>lead small business
development center</term> means a small business development center that has
received a grant from the Administration; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD6B1C8D7BDB5408994643EFB808B79A4"><enum>(B)</enum><text display-inline="yes-display-inline">the term <term>lead women's business
center</term> means a women's business center that has received a grant from
the Administration.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id3D78656E32C44AF084D985DE33BB2F45"><enum>(2)</enum><header display-inline="yes-display-inline">Certification program</header><text display-inline="yes-display-inline">The Administrator shall establish an export
and trade counseling certification program to certify employees of lead small
business development centers and lead women's business centers in providing
export assistance to small business concerns.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id9341BE50E6134E6093CA394B8FA2E4A8"><enum>(3)</enum><header display-inline="yes-display-inline">Number of certified employees</header><text display-inline="yes-display-inline">The Administrator shall ensure that the
number of employees of each lead small business development center who are
certified in providing export assistance is not less than the lesser of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idDF703120C7964A1FBC1CE2D814E612A0"><enum>(A)</enum><text display-inline="yes-display-inline">5; or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD39B765D8A9D4C03ACC667453EE77E47"><enum>(B)</enum><text display-inline="yes-display-inline">10 percent of the total number of employees
of the lead small business development center.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idC938DD0765F54783915DC2178A48E917"><enum>(4)</enum><header display-inline="yes-display-inline">Reimbursement for certification</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id0C6D8E86ADD44EBF955A1F837E0B2769"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Subject to the availability of
appropriations, the Administrator shall reimburse a lead small business
development center or a lead women's business center for costs relating to the
certification of an employee of the lead small business center or lead women's
business center in providing export assistance under the program established
under paragraph (2).</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id906DBE516FCB499CA273718816E5ED92"><enum>(B)</enum><header display-inline="yes-display-inline">Limitation</header><text display-inline="yes-display-inline">The total amount reimbursed by the
Administrator under subparagraph (A) may not exceed $350,000 in any fiscal
year.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID87e29070bec94558b6a77c6bc0262ed2"><enum>(j)</enum><header display-inline="yes-display-inline">Performance measures</header>
<paragraph commented="no" display-inline="no-display-inline" id="idA6F0ACD3416D4283AA5F00A8CC6B3876"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Associate Administrator shall develop
performance measures for the Administration to support export growth goals for
the activities of the Office under this section that include—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idA28B22EECCF64510B55584BB7ADE986F"><enum>(A)</enum><text display-inline="yes-display-inline">the number of small business concerns
that—</text>
<clause commented="no" display-inline="no-display-inline" id="idE4E1351AA264429D8FB9A22E32332AC9"><enum>(i)</enum><text display-inline="yes-display-inline">receive assistance from the
Administration;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id1D2A0047C73B4ACE8AE128FE844216A4"><enum>(ii)</enum><text display-inline="yes-display-inline">had not exported goods or services before
receiving the assistance described in clause (i); and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id7B615C3F19064E3BA754194883F664BC"><enum>(iii)</enum><text display-inline="yes-display-inline">export goods or services;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id8A1D075E6D1B46E3BDF55E9159590EB5"><enum>(B)</enum><text display-inline="yes-display-inline">the number of small business concerns
receiving assistance from the Administration that export goods or services to a
market outside the United States into which the small business concern did not
export before receiving the assistance;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE135956060E0438CB960ED5355A48DC4"><enum>(C)</enum><text display-inline="yes-display-inline">export revenues by small business concerns
assisted by programs of the Administration;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id0AAA1CF20371495CB85A54E092A53392"><enum>(D)</enum><text display-inline="yes-display-inline">the number of small business concerns
referred to an Export Assistance Center or a small business development center
by the staff of the Office;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id668BF8320EC44017B442EAE78346C18B"><enum>(E)</enum><text display-inline="yes-display-inline">the number of small business concerns
referred to the Administration by an Export Assistance Center or a small
business development center; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE5B2764040FA4CA4B64320728E4D9160"><enum>(F)</enum><text display-inline="yes-display-inline">the number of small business concerns
referred to the Export-Import Bank of the United States or to the Overseas
Private Investment Corporation by the staff of the Office, an Export Assistance
Center, or a small business development center.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id4D207CAEC0B84E328A17E8E519D5DF3D"><enum>(2)</enum><header display-inline="yes-display-inline">Joint performance measures</header><text display-inline="yes-display-inline">The Associate Administrator shall develop
joint performance measures for the district offices of the Administration and
the Export Assistance Centers that include the number of export loans made
under—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id53DB571826AE4A1D9F651FED8E19C82A"><enum>(A)</enum><text display-inline="yes-display-inline">section 7(a)(16);</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idA25A44EE641C4D88891A7CAD4A3F3081"><enum>(B)</enum><text display-inline="yes-display-inline">the Export Working Capital Program
established under section 7(a)(14);</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD880601E2196470694980BF9E4A78D98"><enum>(C)</enum><text display-inline="yes-display-inline">the Preferred Lenders Program, as defined
in section 7(a)(2)(C)(ii); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE7F5DD62D63540F8A69E5B27F008157B"><enum>(D)</enum><text display-inline="yes-display-inline">the export express program established
under section 7(a)(34).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id57A1B5C9F4EC4F1D9FFC8D075CD7E9BD"><enum>(3)</enum><header display-inline="yes-display-inline">Consistency of tracking</header><text display-inline="yes-display-inline">The Associate Administrator, in
coordination with the departments and agencies that are represented on the
Trade Promotion Coordinating Committee established under section 2312 of the
Export Enhancement Act of 1988 (15 U.S.C. 4727) and the small business
development center network, shall develop a system to track exports by small
business concerns, including information relating to the performance measures
developed under paragraph (1), that is consistent with systems used by the
departments and agencies and the
network.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idFB4344A8FDC447F381E6EDAE5D897A42"><enum>(b)</enum><header display-inline="yes-display-inline">Trade
disputes</header><text display-inline="yes-display-inline">The Administrator
shall carry out a comprehensive program to provide technical assistance,
counseling, and reference materials to small business concerns relating to
resources, procedures, and requirements for mechanisms to resolve international
trade disputes or address unfair international trade practices under
international trade agreements or Federal law, including—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID7ce03643fe634012a16d488b84f0a873"><enum>(1)</enum><text display-inline="yes-display-inline">directing the district offices of the
Administration to provide referrals, information, and other services to small
business concerns relating to the mechanisms;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID1ca86e0a99784eebbb54a4d6f14eeac3"><enum>(2)</enum><text display-inline="yes-display-inline">entering agreements and partnerships with
providers of legal services relating to the mechanisms, to ensure small
business concerns may affordably use the mechanisms; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID51a58efc1577476ba1427923dd7e9f03"><enum>(3)</enum><text display-inline="yes-display-inline">in consultation with the Director of the
United States Patent and Trademark Office and the Register of Copyrights,
designing counseling services and materials for small business concerns
regarding intellectual property protection in other countries.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idE8F144FA3A5540B4B509B5ABF8FB0AFB"><enum>(c)</enum><header display-inline="yes-display-inline">Report</header><text display-inline="yes-display-inline">Not later than 60 days after the date of
enactment of this Act, the Administrator shall submit a report to the Committee
on Small Business and Entrepreneurship of the Senate and the Committee on Small
Business of the House of Representatives on any travel by the staff of the
Office of International Trade of the Administration, during the period
beginning on October 1, 2004, and ending on the date of enactment of the Act,
including the destination of such travel and the benefits to the Administration
and to small business concerns resulting from such travel.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="idA926520DE5C0473D99C7B17EFAA7C313" section-type="subsequent-section"><enum>305.</enum><header display-inline="yes-display-inline">Export assistance centers</header>
<subsection commented="no" display-inline="no-display-inline" id="idB050C32F922843D19AAFAB6AB0A3D802"><enum>(a)</enum><header display-inline="yes-display-inline">Export assistance centers</header><text display-inline="yes-display-inline">Section 22 of the Small Business Act (15
U.S.C. 649), as amended by section 304 of this Act, is amended by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id461EB4EF578A47B8887E52FA51B76A47" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="id69E6B6AF25654339BF1F02DB2B7856DA"><enum>(k)</enum><header display-inline="yes-display-inline">Export assistance centers</header>
<paragraph commented="no" display-inline="no-display-inline" id="idB79F37C22C2C45488CE59292B6E31B47"><enum>(1)</enum><header display-inline="yes-display-inline">Export finance specialists</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id4D4E946E4F474DA0880477080A4484E5"><enum>(A)</enum><header display-inline="yes-display-inline">Minimum number of export finance
specialists</header><text display-inline="yes-display-inline">On and after
January 1, 2010, the Administrator, in coordination with the Secretary of
Commerce, shall ensure that the number of export finance specialists is not
less than the number of such employees so assigned on January 1, 2003.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id0C6AAAB4AC4A4EECB28D521DED8930BF"><enum>(B)</enum><header display-inline="yes-display-inline">Export finance specialists assigned to each
region of the Administration</header><text display-inline="yes-display-inline">On and after the date that is 2 years after
the date of enactment of this subsection, the Administrator, in coordination
with the Secretary of Commerce, shall ensure that there are not fewer than 3
export finance specialists in each region of the Administration.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID32db7392e64743db8cd58bbf83a81f09"><enum>(2)</enum><header display-inline="yes-display-inline">Placement of export finance
specialists</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id5363A5CE6A0449EB9BF77797D753D0CA"><enum>(A)</enum><header display-inline="yes-display-inline">Priority</header><text display-inline="yes-display-inline">The Administrator shall give priority, to
the maximum extent practicable, to placing employees of the Administration at
any Export Assistance Center that—</text>
<clause commented="no" display-inline="no-display-inline" id="idB10F2B1B5CEB4304BD9D9D5AC7BC3BAF"><enum>(i)</enum><text display-inline="yes-display-inline">had an Administration employee assigned to
the Export Assistance Center before January 2003; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id86D5E2D5B80A4895963301B872B32167"><enum>(ii)</enum><text display-inline="yes-display-inline">has not had an Administration employee
assigned to the Export Assistance Center during the period beginning January
2003, and ending on the date of enactment of this subsection, either through
retirement or reassignment.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDe76a588c832c4fed89790c37b9919cb4"><enum>(B)</enum><header display-inline="yes-display-inline">Needs of exporters</header><text display-inline="yes-display-inline">The Administrator shall, to the maximum
extent practicable, strategically assign Administration employees to Export
Assistance Centers, based on the needs of exporters.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id86F656D4780A42D8898F2858B3C77B93"><enum>(C)</enum><header display-inline="yes-display-inline">Rule of construction</header><text display-inline="yes-display-inline">Nothing in this subsection may be construed
to require the Administrator to reassign or remove an export finance specialist
who is assigned to an Export Assistance Center on the date of enactment of this
subsection.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id50C5182D3D9F40B9A3C6496A4B2F1EB5"><enum>(3)</enum><header display-inline="yes-display-inline">Goals</header><text display-inline="yes-display-inline">The Associate Administrator shall work with
the Department of Commerce, the Export-Import Bank of the United States, and
the Overseas Private Investment Corporation to establish shared annual goals
for the Export Assistance Centers.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID1164c58fb16a483fb23a9c37fde9d244"><enum>(4)</enum><header display-inline="yes-display-inline">Oversight</header><text display-inline="yes-display-inline">The Associate Administrator shall designate
an individual within the Administration to oversee all activities conducted by
Administration employees assigned to Export Assistance Centers.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id5D918D6E447D42E690ECF337C77C0728"><enum>(l)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id0252B324B39249E5BF1D344B39787870"><enum>(1)</enum><text display-inline="yes-display-inline">the term <term>Associate
Administrator</term> means the Associate Administrator for International Trade
described in subsection (a)(2);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1DCD634AD9874B2787153757AB647357"><enum>(2)</enum><text display-inline="yes-display-inline">the term <term>Export Assistance
Center</term> means a one-stop shop for United States exporters established by
the United States and Foreign Commercial Service of the Department of Commerce
pursuant to section 2301(b)(8) of the Omnibus Trade and Competitiveness Act of
1988 (15 U.S.C. 4721(b)(8));</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id026999BF6C9E419DBA1627C3E20D848B"><enum>(3)</enum><text display-inline="yes-display-inline">the term <term>export finance
specialist</term> means a full-time equivalent employee of the Office assigned
to an Export Assistance Center to carry out the duties described in subsection
(e); and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idE49DCE8C710848E8BF2522C28742C3B1"><enum>(4)</enum><text display-inline="yes-display-inline">the term <term>Office</term> means the
Office of International Trade established under subsection
(a)(1).</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id3CD7FFA2204A42EB8EEAE863BC91258C"><enum>(b)</enum><header display-inline="yes-display-inline">Study and report on filling gaps in high-
and Low-Export volume areas</header>
<paragraph commented="no" display-inline="no-display-inline" id="id1AE3E588E8A14567B9CC6129FF47B7A1"><enum>(1)</enum><header display-inline="yes-display-inline">Study and report</header><text display-inline="yes-display-inline">Not later than 6 months after the date of
enactment of this Act, and every 2 years thereafter, the Administrator
shall—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idEE81F45C954F48CEBD749FB3A45830FC"><enum>(A)</enum><text display-inline="yes-display-inline">conduct a study of—</text>
<clause commented="no" display-inline="no-display-inline" id="idF0C849CD3E094DE3B07C43A2F4CA0464"><enum>(i)</enum><text display-inline="yes-display-inline">the volume of exports for each
State;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id5F48FBB6CB8C440DAE46D40E0D0D6CC5"><enum>(ii)</enum><text display-inline="yes-display-inline">the availability of export finance
specialists in each State;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idEE8506F2DDB94F3299EAE3172E1337CB"><enum>(iii)</enum><text display-inline="yes-display-inline">the number of exporters in each State that
are small business concerns;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id5C39EDEBC94A49C6B7C2C592D55A8386"><enum>(iv)</enum><text display-inline="yes-display-inline">the percentage of exporters in each State
that are small business concerns;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idB42DD78E967C45128D74810E181994AC"><enum>(v)</enum><text display-inline="yes-display-inline">the change, if any, in the number of
exporters that are small business concerns in each State—</text>
<subclause commented="no" display-inline="no-display-inline" id="id3CAB363CC50742A98043F341F2EDD3A4"><enum>(I)</enum><text display-inline="yes-display-inline">for the first study conducted under this
subparagraph, during the 10-year period ending on the date of enactment of this
Act; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id1E8384536F604EB28D65312B48E1ECD5"><enum>(II)</enum><text display-inline="yes-display-inline">for each subsequent study, during the
10-year period ending on the date the study is commenced;</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="id088E6BEABF6F4E2FB095AFAB6B6BE4C4"><enum>(vi)</enum><text display-inline="yes-display-inline">the total value of the exports in each
State by small business concerns;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id3A307C7BE38D4010A4AA8E47EB0CA04E"><enum>(vii)</enum><text display-inline="yes-display-inline">the percentage of the total volume of
exports in each State that is attributable to small business concerns;
and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id90F90A9BE8274AE88F3E45C1A0014A69"><enum>(viii)</enum><text display-inline="yes-display-inline">the change, if any, in the percentage of
the total volume of exports in each State that is attributable to small
business concerns—</text>
<subclause commented="no" display-inline="no-display-inline" id="id95B918383AB940A48E83F824E84F7F3C"><enum>(I)</enum><text display-inline="yes-display-inline">for the first study conducted under this
subparagraph, during the 10-year period ending on the date of enactment of this
Act; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id7F6C2F1390484D3D97FC526427B139C2"><enum>(II)</enum><text display-inline="yes-display-inline">for each subsequent study, during the
10-year period ending on the date the study is commenced; and</text>
</subclause></clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID5f30f948fd274909804890acf64afdd7"><enum>(B)</enum><text display-inline="yes-display-inline">submit to the Committee on Small Business
and Entrepreneurship of the Senate and the Committee on Small Business of the
House of Representatives a report containing—</text>
<clause commented="no" display-inline="no-display-inline" id="ID48bde34d23ec4f4b9f9752f733441612"><enum>(i)</enum><text display-inline="yes-display-inline">the results of the study under subparagraph
(A);</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDe0eeb2dc0bfb4dc49b2d183f0a3d5ba9"><enum>(ii)</enum><text display-inline="yes-display-inline">to the extent practicable, a recommendation
regarding how to eliminate gaps between the supply of and demand for export
finance specialists in the 15 States that have the greatest volume of exports,
based upon the most recent data available from the Department of
Commerce;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDedbe1d1f4491401b8109df72c053b123"><enum>(iii)</enum><text display-inline="yes-display-inline">to the extent practicable, a recommendation
regarding how to eliminate gaps between the supply of and demand for export
finance specialists in the 15 States that have the lowest volume of exports,
based upon the most recent data available from the Department of Commerce;
and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID5138cbaa96534a22a64a701ee43b755e"><enum>(iv)</enum><text display-inline="yes-display-inline">such additional information as the
Administrator determines is appropriate.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEF64BB7699324767BFB08EBF1C18278B"><enum>(2)</enum><header display-inline="yes-display-inline">Definition</header><text display-inline="yes-display-inline">In this subsection, the term <term>export
finance specialist</term> has the meaning given that term in section 22(l) of
the Small Business Act, as added by this Act.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="idA93F642C39A34864B229B617B6E2520F" section-type="subsequent-section"><enum>306.</enum><header display-inline="yes-display-inline">International trade finance
programs</header>
<subsection commented="no" display-inline="no-display-inline" id="idF513196112E846AF8F9C1CCDB39EDF65"><enum>(a)</enum><header display-inline="yes-display-inline">Loan limits</header>
<paragraph commented="no" display-inline="no-display-inline" id="idB65A067B1FA24E899E6FB66FEDA3C45B"><enum>(1)</enum><header display-inline="yes-display-inline">Total amount outstanding</header><text display-inline="yes-display-inline">Section 7(a)(3)(B) of the Small Business
Act (15 U.S.C. 636(a)(3)(B)) is amended by striking <quote>$1,750,000, of which
not more than $1,250,000</quote> and inserting <quote>$4,500,000 (or if the
gross loan amount would exceed $5,000,000), of which not more than
$4,000,000</quote>.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idC0E12CAFF7E3428AA67B920E771928EF"><enum>(2)</enum><header display-inline="yes-display-inline">Participation</header><text display-inline="yes-display-inline">Section 7(a)(2) of the Small Business Act
(15 U.S.C. 636(a)(2)) is amended—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id04F20141FB874A1691A608FB81AB7E4D"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (A), in the matter
preceding clause (i), by striking <quote>subparagraph (B)</quote> and inserting
<quote>subparagraphs (B), (D), and (E)</quote>;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idDB37C0539D6E4D44805C7A8A8775A8E1"><enum>(B)</enum><text display-inline="yes-display-inline">in subparagraph (D), by striking
<quote>Notwithstanding subparagraph (A), in</quote> and inserting
<quote>In</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id20CD03F4D9094C4F8F688DDB63626B50"><enum>(C)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id6557EE3ECDE947FCB080BEBB09348D28" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id7A10E796A67243E6916A028F605DE32A"><enum>(E)</enum><header display-inline="yes-display-inline">Participation in international trade
loan</header><text display-inline="yes-display-inline">In an agreement to
participate in a loan on a deferred basis under paragraph (16), the
participation by the Administration may not exceed 90
percent.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idC4B56307603B4B559B848626B64CF925"><enum>(b)</enum><header display-inline="yes-display-inline">Working capital</header><text display-inline="yes-display-inline">Section 7(a)(16)(A) of the Small Business
Act (15 U.S.C. 636(a)(16)(A)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idDC578D8648054C5993F83D7E99C2A3EF"><enum>(1)</enum><text display-inline="yes-display-inline">in the matter preceding clause (i), by
striking <quote>in—</quote> and inserting <quote>—</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idF7AACA6F1BCB498A988A14434B6C92FF"><enum>(2)</enum><text display-inline="yes-display-inline">in clause (i)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id3BE4037E44724B578AA2D114DBB37739"><enum>(A)</enum><text display-inline="yes-display-inline">by inserting <quote>in</quote> after
<quote>(i)</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idBD22C340B9104CCAB45832FE33938721"><enum>(B)</enum><text display-inline="yes-display-inline">by striking <quote>or</quote> at the
end;</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id1A9279E9C7D34166AE936577A62CAA48"><enum>(3)</enum><text display-inline="yes-display-inline">in clause (ii)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idA9C46D003E8F4EF29A8455DD021EB032"><enum>(A)</enum><text display-inline="yes-display-inline">by inserting <quote>in</quote> after
<quote>(ii)</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC9AAB5DAB6484A82A1BF9ECCAB2A9ECF"><enum>(B)</enum><text display-inline="yes-display-inline">by striking the period at the end and
inserting <quote>, including any debt that qualifies for refinancing under any
other provision of this subsection; or</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6FA7A0E23A584EDBA8EC6496855DE07C"><enum>(4)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id764CD7BD72A14E4FAF90AF536F041862" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="idAAF93464F86641DEB33AEB1AB9DD351D"><enum>(iii)</enum><text display-inline="yes-display-inline">by providing working
capital.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id35FA86C248614714A1DC0F5104803A5E"><enum>(c)</enum><header display-inline="yes-display-inline">Collateral</header><text display-inline="yes-display-inline">Section 7(a)(16)(B) of the Small Business
Act (15 U.S.C. 636(a)(16)(B)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id6C5AD33281894CFF9B3DD3F30172E37C"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>Each loan</quote> and
inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id6E50BA8EBD164841A784320114D46682" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="idF22C9631D1F8412A987B3841A6CAA4D2"><enum>(i)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Except as provided in clause (ii), each
loan</text>
</clause><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6F67B6223DD6499C97757045A8DB5D65"><enum>(2)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id0EC03FDAF36A427F8463472206893E2A" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="idE5759B0BB6B64D8986CE3600BE348341"><enum>(ii)</enum><header display-inline="yes-display-inline">Exception</header><text display-inline="yes-display-inline">A loan under this paragraph may be secured
by a second lien position on the property or equipment financed by the loan or
on other assets of the small business concern, if the Administrator determines
the lien provides adequate assurance of the payment of the
loan.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id9B76D075AF2C4EFF82A7E61BD1BE32B0"><enum>(d)</enum><header display-inline="yes-display-inline">Export working capital
program</header><text display-inline="yes-display-inline">Section 7(a) of the
Small Business Act (15 U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idCB928DF15A8948EEAF97136C90F8B652"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (2)(D), by striking <quote>not
exceed</quote> and inserting <quote>be</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2A41E1722C714CC2A3029B79AC8D635E"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (14)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idA71E8306519342A2B26969B0765C2345"><enum>(A)</enum><text display-inline="yes-display-inline">by striking <quote>(A) The
Administration</quote> and inserting the following: “<header-in-text level="paragraph" style="OLC">Export working capital
program</header-in-text>.—</text>
<quoted-block display-inline="no-display-inline" id="id1EA2338EF5FE4BD0BFE97F5B88AC38BB" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id269FF0A58DC441E097445DCD6AC981F1"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The
Administrator</text>
</subparagraph><after-quoted-block>;</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idFF8B794AC7464148830890378F8186DE"><enum>(B)</enum><text display-inline="yes-display-inline">by striking <quote>(B) When
considering</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idAAFC38113DA5482395413731A717A793" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id1B52241BF6EE4567B9CF61A840E2E5E3"><enum>(C)</enum><header display-inline="yes-display-inline">Considerations</header><text display-inline="yes-display-inline">When
considering</text>
</subparagraph><after-quoted-block>;
</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id578309475F1244CF820B626E37220949"><enum>(C)</enum><text display-inline="yes-display-inline">by striking <quote>(C) The
Administration</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idE0BB64F9EDE846AC885CC933883BCD78" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id7E44EE1597864358A28DAF0C3244BC7F"><enum>(D)</enum><header display-inline="yes-display-inline">Marketing</header><text display-inline="yes-display-inline">The
Administrator</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id10B4052093DD4FE1AEA05C2DC343A5C4"><enum>(D)</enum><text display-inline="yes-display-inline">by inserting after subparagraph (A) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id04A37ABE23674890BEC5672FB3457A4E" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="idFA6F872D6BF849EFA1C61E2CC8246B20"><enum>(B)</enum><header display-inline="yes-display-inline">Terms</header>
<clause commented="no" display-inline="no-display-inline" id="idBC79A4C1AFCA429FB6EE4FCCC455551D"><enum>(i)</enum><header display-inline="yes-display-inline">Loan amount</header><text display-inline="yes-display-inline">The Administrator may not guarantee a loan
under this paragraph of more than $5,000,000.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id4F703CDA27BE47468CA3F565047CF032"><enum>(ii)</enum><header display-inline="yes-display-inline">Fees</header>
<subclause commented="no" display-inline="no-display-inline" id="idC311101E5B02448C805E04E3CFC14954"><enum>(I)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">For a loan under this paragraph, the
Administrator shall collect the fee assessed under paragraph (23) not more
frequently than once each year.</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id24E48DF34A46405C8B4C48D1860CEA55"><enum>(II)</enum><header display-inline="yes-display-inline">Untapped credit</header><text display-inline="yes-display-inline">The Administrator may not assess a fee on
capital that is not accessed by the small business
concern.</text>
</subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id8885E974219C49109DB84110B55C40D0"><enum>(e)</enum><header display-inline="yes-display-inline">Participation in Preferred Lenders
Program</header><text display-inline="yes-display-inline">Section 7(a)(2)(C) of
the Small Business Act (15 U.S.C. 636(a)(2)(C)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id02CA3D01DE4D491FA22C5E3B9961D667"><enum>(1)</enum><text display-inline="yes-display-inline">by redesignating clause (ii) as clause
(iii); and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8AC4031267004C8EAE34617854D08CED"><enum>(2)</enum><text display-inline="yes-display-inline">by inserting after clause (i) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id8F89E6656B204171A6802896B151D555" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="idC7637D3D785F41148FDA8208976AE84A"><enum>(ii)</enum><header display-inline="yes-display-inline">Export-Import Bank lenders</header><text display-inline="yes-display-inline">Any lender that is participating in the
Delegated Authority Lender Program of the Export-Import Bank of the United
States (or any successor to the Program) shall be eligible to participate in
the Preferred Lenders
Program.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idFE074DE63E3B40D5865CE80A89BC1C56"><enum>(f)</enum><header display-inline="yes-display-inline">Export Express Program</header><text display-inline="yes-display-inline">Section 7(a) of the Small Business Act (15
U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idFFFD4942B0FF438694D1928B07825EEA"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>(32)
<header-in-text level="paragraph" style="OLC">Increased
veteran</header-in-text></quote> and inserting <quote>(33)
<header-in-text level="paragraph" style="OLC">Increased
veteran</header-in-text></quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idC4789D00C4BE4C0E83DCC83D63D9102E"><enum>(2)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idE47435DC9B22429FB0CF6F4723790AA2" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="idA9AAD97E61104FCD92A224042A1453F2"><enum>(34)</enum><header display-inline="yes-display-inline">Export Express Program</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id51C1B16828BA42D5A88E7C635378BC24"><enum>(A)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this paragraph—</text>
<clause commented="no" display-inline="no-display-inline" id="id25465C79DD5D4DABA04888AEDCD6EF1F"><enum>(i)</enum><text display-inline="yes-display-inline">the term <term>export development
activity</term> includes—</text>
<subclause commented="no" display-inline="no-display-inline" id="IDdf2759b2446142ee8993e47a8bd427ce"><enum>(I)</enum><text display-inline="yes-display-inline">obtaining a standby letter of credit when
required as a bid bond, performance bond, or advance payment guarantee;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID91847ec0ae2f4c0fae3e91159c96761e"><enum>(II)</enum><text display-inline="yes-display-inline">participation in a trade show that takes
place outside the United States;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID32b3024818b046f295b86d8e9eefce99"><enum>(III)</enum><text display-inline="yes-display-inline">translation of product brochures or
catalogues for use in markets outside the United States;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID87e5c308715e42ec8aa554de43a7126a"><enum>(IV)</enum><text display-inline="yes-display-inline">obtaining a general line of credit for
export purposes;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID65463fb5d7fc4d08a8214261dd178dc6"><enum>(V)</enum><text display-inline="yes-display-inline">performing a service contract from buyers
located outside the United States;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID00285af3aa5747e0a553e5484cda1561"><enum>(VI)</enum><text display-inline="yes-display-inline">obtaining transaction-specific financing
associated with completing export orders;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="IDea927d4736704e898317627083faf156"><enum>(VII)</enum><text display-inline="yes-display-inline">purchasing real estate or equipment to be
used in the production of goods or services for export;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID156b3d8489874f8589c1d22da22e7008"><enum>(VIII)</enum><text display-inline="yes-display-inline">providing term loans or other financing to
enable a small business concern, including an export trading company and an
export management company, to develop a market outside the United States;
and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID2bcc0c7332d44887b4f226be7369932e"><enum>(IX)</enum><text display-inline="yes-display-inline">acquiring, constructing, renovating,
modernizing, improving, or expanding a production facility or equipment to be
used in the United States in the production of goods or services for export;
and</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="idBB50A370E053497088813EE796930A15"><enum>(ii)</enum><text display-inline="yes-display-inline">the term <term>express loan</term> means a
loan in which a lender uses to the maximum extent practicable the loan
analyses, procedures, and documentation of the lender to provide expedited
processing of the loan application.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id7EEDB9654E5540EFB3DE72AD71470FB8"><enum>(B)</enum><header display-inline="yes-display-inline">Authority</header><text display-inline="yes-display-inline">The Administrator may guarantee the timely
payment of an express loan to a small business concern made for an export
development activity.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id969A9B2801BC4AA9B512C95A864E3A2B"><enum>(C)</enum><header display-inline="yes-display-inline">Level of participation</header>
<clause commented="no" display-inline="no-display-inline" id="id40E5328454F54EBEB94CDDF7CECD986F"><enum>(i)</enum><header display-inline="yes-display-inline">Maximum
amount</header><text display-inline="yes-display-inline">The maximum amount of
an express loan guaranteed under this paragraph shall be $500,000.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idA398A8D80A734779A30E195569FB0234"><enum>(ii)</enum><header display-inline="yes-display-inline">Percentage</header><text display-inline="yes-display-inline">For an express loan guaranteed under this
paragraph, the Administrator shall guarantee—</text>
<subclause commented="no" display-inline="no-display-inline" id="id52C6DB3CA7A64B5898F37E3303BD0924"><enum>(I)</enum><text display-inline="yes-display-inline">90 percent of a loan that is not more than
$350,000; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idD6D8388E24D64E21B61258F36AA96D6F"><enum>(II)</enum><text display-inline="yes-display-inline">75 percent of a loan that is more than
$350,000 and not more than
$500,000.</text>
</subclause></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idCA31D948143E44D9A0F2E559C883374B"><enum>(g)</enum><header display-inline="yes-display-inline">Annual listing of export finance
lenders</header><text display-inline="yes-display-inline">Section 7(a)(16) of
the Small Business Act (15 U.S.C. 636(a)(16)) is amended by adding at the end
the following:</text>
<quoted-block display-inline="no-display-inline" id="idAB4C3EA9E4E04C0F98F6FD561385278C" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id462197C40304471D9C668A0AA383FEAA"><enum>(F)</enum><header display-inline="yes-display-inline">List of export finance lenders</header>
<clause commented="no" display-inline="no-display-inline" id="ID98638b833fd94a14acff05cd61a7cc4b"><enum>(i)</enum><header display-inline="yes-display-inline">Publication of list required</header><text display-inline="yes-display-inline">The Administrator shall publish an annual
list of the banks and participating lending institutions that, during the
1-year period ending on the date of publication of the list, have made loans
guaranteed by the Administration under—</text>
<subclause commented="no" display-inline="no-display-inline" id="id292676BAE15C4140BF8AE433598B7632"><enum>(I)</enum><text display-inline="yes-display-inline">this paragraph;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idB4A157C1FDE9401FAB0F9EB3564902DD"><enum>(II)</enum><text display-inline="yes-display-inline">paragraph (14); or</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="idDE848935FE5C48499E213BC10C693F9E"><enum>(III)</enum><text display-inline="yes-display-inline">paragraph (34).</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="IDdaef3f91ff6b4f539b43bcb9b51f8328"><enum>(ii)</enum><header display-inline="yes-display-inline">Availability of list</header><text display-inline="yes-display-inline">The Administrator shall—</text>
<subclause commented="no" display-inline="no-display-inline" id="id5571F8AC4707486FB1974D5AB0EC21B4"><enum>(I)</enum><text display-inline="yes-display-inline">post the list published under clause (i) on
the website of the Administration; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="id6B1100678F8D4D3F9CC345D427B4CB57"><enum>(II)</enum><text display-inline="yes-display-inline">make the list published under clause (i)
available, upon request, at each district office of the
Administration.</text>
</subclause></clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id13452986F96E48299DF460FF0E8A2583"><enum>(h)</enum><header display-inline="yes-display-inline">Applicability</header><text display-inline="yes-display-inline">The amendments made by subsections (a)
through (f) shall apply with respect to any loan made after the date of
enactment of this Act.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id08F1AE31B5BE4B9AA6094CEF140CCDD3" section-type="subsequent-section"><enum>307.</enum><header display-inline="yes-display-inline">State Trade and Export Promotion Grant
Program</header>
<subsection commented="no" display-inline="no-display-inline" id="ID56fad7eac57d44dd83d4790be2b35906"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idEC0CA4E358ED4CA1BFC9F1906548B2A4"><enum>(1)</enum><text display-inline="yes-display-inline">the term <term>eligible small business
concern</term> means a small business concern that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID9645d2dc05564e75aef25a19a4fa3237"><enum>(A)</enum><text display-inline="yes-display-inline">has been in business for not less than the
1-year period ending on the date on which assistance is provided using a grant
under this section;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID172a833299664295980777c54f0be004"><enum>(B)</enum><text display-inline="yes-display-inline">is operating profitably, based on
operations in the United States;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDeb622b11dbd54715af46ff11c58f5e66"><enum>(C)</enum><text display-inline="yes-display-inline">has demonstrated understanding of the costs
associated with exporting and doing business with foreign purchasers, including
the costs of freight forwarding, customs brokers, packing and shipping, as
determined by the Associate Administrator;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDfadb98e5dbce472db292221b5ed0d593"><enum>(D)</enum><text display-inline="yes-display-inline">has in effect a strategic plan for
exporting; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDbf1b2c53a04948319497f9a2c5a25f66"><enum>(E)</enum><text display-inline="yes-display-inline">agrees to provide to the Associate
Administrator such information and documentation as is necessary for the
Associate Administrator to determine that the small business concern is in
compliance with the internal revenue laws of the United States;</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id275D1B9FE580430AB08398A421A1087A"><enum>(2)</enum><text display-inline="yes-display-inline">the term <term>program</term> means the
State Trade and Export Promotion Grant Program established under subsection
(b);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id202B090DCC8942C1B1FEC9F7708E146D"><enum>(3)</enum><text display-inline="yes-display-inline">the term <term>small business concern owned
and controlled by women</term> has the meaning given that term in section 3 of
the Small Business Act (15 U.S.C. 632);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDb4a8bc8836de4ab7b10a4a1265dba826"><enum>(4)</enum><text display-inline="yes-display-inline">the term <term>socially and economically
disadvantaged small business concern</term> has the meaning given that term in
section 8(a)(4)(A) of the Small Business Act (15 U.S.C. 6537(a)(4)(A));
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID6ae4d86eddf045cb89e92f84cdf827e2"><enum>(5)</enum><text display-inline="yes-display-inline">the term <term>State</term> means each of
the several States, the District of Columbia, the Commonwealth of Puerto Rico,
the Virgin Islands, Guam, and American Samoa.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID3dd5cf9960e14696a49ff38813c641cc"><enum>(b)</enum><header display-inline="yes-display-inline">Establishment of program</header><text display-inline="yes-display-inline">The Associate Administrator shall establish
a 3-year trade and export promotion pilot program to be known as the State
Trade and Export Promotion Grant Program, to make grants to States to carry out
export programs that assist eligible small business concerns in—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID9fef3eb242df479e8346b62ba6939bb8"><enum>(1)</enum><text display-inline="yes-display-inline">participation in a foreign trade
mission;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID49ffb07a96134406bcb12f1be5a5d51c"><enum>(2)</enum><text display-inline="yes-display-inline">a foreign market sales trip;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID28d1dd0a5e554eb8829e8dff4f339eef"><enum>(3)</enum><text display-inline="yes-display-inline">a subscription to services provided by the
Department of Commerce;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID24f0c640175f4b3980e46a5c1f1ad888"><enum>(4)</enum><text display-inline="yes-display-inline">the payment of website translation
fees;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID0db8d1d5d3bd437683009747b2616017"><enum>(5)</enum><text display-inline="yes-display-inline">the design of international marketing
media;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDa972c7dbc4bb4d84bc834c0478ffd7f9"><enum>(6)</enum><text display-inline="yes-display-inline">a trade show exhibition;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc2c9b9b2c55e4bc8acaa6da9e2e179b5"><enum>(7)</enum><text display-inline="yes-display-inline">participation in training workshops;
or</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID3971a7a77b6e4655be6383da9dec8598"><enum>(8)</enum><text display-inline="yes-display-inline">any other export initiative determined
appropriate by the Associate Administrator.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID0c770c4e83d94d6bbab913d0f2b69e51"><enum>(c)</enum><header display-inline="yes-display-inline">Grants</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID924b99fa3a3f43998785a78f1b81dd25"><enum>(1)</enum><header display-inline="yes-display-inline">Joint review</header><text display-inline="yes-display-inline">In carrying out the program, the Associate
Administrator may make a grant to a State to increase the number of eligible
small business concerns in the State that export or to increase the value of
the exports by eligible small business concerns in the State.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID41198b6b9c264692a1fc3108c8b2f6b7"><enum>(2)</enum><header display-inline="yes-display-inline">Considerations</header><text display-inline="yes-display-inline">In making grants under this section, the
Associate Administrator may give priority to an application by a State that
proposes a program that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID9eb1e47d7b5546a39f3ca96357586f5e"><enum>(A)</enum><text display-inline="yes-display-inline">focuses on eligible small business concerns
as part of an export promotion program;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID034f4c1a3ad94642a2638ff8acf61020"><enum>(B)</enum><text display-inline="yes-display-inline">demonstrates success in promoting exports
by—</text>
<clause commented="no" display-inline="no-display-inline" id="IDb98c05e8fda2409d9cfe03eca7d5200b"><enum>(i)</enum><text display-inline="yes-display-inline">socially and economically disadvantaged
small business concerns;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDf266ab06be1446d28d525d99e47dc677"><enum>(ii)</enum><text display-inline="yes-display-inline">small business concerns owned or controlled
by women; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID9d043374f99744529981923bda770f3e"><enum>(iii)</enum><text display-inline="yes-display-inline">rural small business concerns;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDab56b28d1f464963bc714e77196dfe14"><enum>(C)</enum><text display-inline="yes-display-inline">promotes exports from a State that is not 1
of the 10 States with the highest percentage of exporters that are small
business concerns, based upon the latest data available from the Department of
Commerce; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDfaf8fd6cf74f46638a3c31484d67cb6a"><enum>(D)</enum><text display-inline="yes-display-inline">promotes new-to-market export opportunities
to the People’s Republic of China for eligible small business concerns in the
United States.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDb14ca77df55047a589218d9ea720d787"><enum>(3)</enum><header display-inline="yes-display-inline">Limitations</header>
<subparagraph commented="no" display-inline="no-display-inline" id="ID0688f5b89075450bac8370305a262566"><enum>(A)</enum><header display-inline="yes-display-inline">Single application</header><text display-inline="yes-display-inline">A State may not submit more than 1
application for a grant under the program in any 1 fiscal year.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa8f9948d638b4a5b945bd984fa2b611e"><enum>(B)</enum><header display-inline="yes-display-inline">Proportion of amounts</header><text display-inline="yes-display-inline">The total value of grants under the program
made during a fiscal year to the 10 States with the highest percentage of
exporters that are small business concerns, based upon the latest data
available from the Department of Commerce, shall be not more than 50 percent of
the amounts appropriated for the program for that fiscal year.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDd20b10cef4d94e739750a7a3216aa075"><enum>(4)</enum><header display-inline="yes-display-inline">Application</header><text display-inline="yes-display-inline">A State desiring a grant under the program
shall submit an application at such time, in such manner, and accompanied by
such information as the Associate Administrator may establish.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID1f08ba808dd944fdab05dbec370207ae"><enum>(d)</enum><header display-inline="yes-display-inline">Competitive basis</header><text display-inline="yes-display-inline">The Associate Administrator shall award
grants under the program on a competitive basis.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID62fad811755e406a8f8a800c6d7fc26e"><enum>(e)</enum><header display-inline="yes-display-inline">Federal share</header><text display-inline="yes-display-inline">The Federal share of the cost of an export
program carried out using a grant under the program shall be—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID3657b03fde154f4e8d9469e08477ac70"><enum>(1)</enum><text display-inline="yes-display-inline">for a State that has a high export volume,
as determined by the Associate Administrator, not more than 65 percent;
and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc6d9ad0866344b88a8c75b7bb832aeec"><enum>(2)</enum><text display-inline="yes-display-inline">for a State that does not have a high
export volume, as determined by the Associate Administrator, not more than 75
percent.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDbd1c06f618944b44b8a228bb0ca839bc"><enum>(f)</enum><header display-inline="yes-display-inline">Reports</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID2cf21574671c4d9bafc598b62f59adc5"><enum>(1)</enum><header display-inline="yes-display-inline">Initial
report</header><text display-inline="yes-display-inline">Not later than 120
days after the date of enactment of this Act, the Associate Administrator shall
submit to the Committee on Small Business and Entrepreneurship of the Senate
and the Committee on Small Business of the House of Representatives a report,
which shall include—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID3fa44056ea944270893077611c751e80"><enum>(A)</enum><text display-inline="yes-display-inline">a description of the structure of and
procedures for the program;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDaae667f5af6b43888547f213b6fa0b54"><enum>(B)</enum><text display-inline="yes-display-inline">a management plan for the program;
and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDfd8adf34f9f44b5f8233e1f54b4502c2"><enum>(C)</enum><text display-inline="yes-display-inline">a description of the merit-based review
process to be used in the program.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID9fcf5dcef2234e188dba62d53960753d"><enum>(2)</enum><header display-inline="yes-display-inline">Annual
reports</header><text display-inline="yes-display-inline">The Associate
Administrator shall submit an annual report to the Committee on Small Business
and Entrepreneurship of the Senate and the Committee on Small Business of the
House of Representatives regarding the program, which shall include—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDe715afbc2c324eb7bd0f172fe7f3e6b6"><enum>(A)</enum><text display-inline="yes-display-inline">the number and amount of grants made under
the program during the preceding year;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID6ffa46d0b3994f65941d87d9a0b3beed"><enum>(B)</enum><text display-inline="yes-display-inline">a list of the States receiving a grant
under the program during the preceding year, including the activities being
performed with grant; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDb3d05f46a1494934b592903ae3b60a50"><enum>(C)</enum><text display-inline="yes-display-inline">the effect of each grant on exports by
eligible small business concerns in the State receiving the grant.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDeb91ccde6835484d819f06634e526e70"><enum>(g)</enum><header display-inline="yes-display-inline">Reviews by inspector general</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID7e16b5c599c146bfa24849eacc2fb7a8"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Inspector General of the Administration
shall conduct a review of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID763eaff8a8cc4e5eb5e079948b14743a"><enum>(A)</enum><text display-inline="yes-display-inline">the extent to which recipients of grants
under the program are measuring the performance of the activities being
conducted and the results of the measurements; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID4f3a7828f4a14236a0b4a4d131f22f24"><enum>(B)</enum><text display-inline="yes-display-inline">the overall management and effectiveness of
the program.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID27e0a5b874f04cf29af76b3ed6672515"><enum>(2)</enum><header display-inline="yes-display-inline">Report</header><text display-inline="yes-display-inline">Not later than September 30, 2012, the
Inspector General of the Administration shall submit to the Committee on Small
Business and Entrepreneurship of the Senate and the Committee on Small Business
of the House of Representatives a report regarding the review conducted under
paragraph (1).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id7B404519DBA34F6AA9A0E2B7E636AC0C"><enum>(h)</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="yes-display-inline">There is
authorized to be appropriated to carry out the program $15,000,000 for each of
fiscal years 2010, 2011, and 2012.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id21BF7FC1D2754B76AB0ADE56DD7D27BD"><enum>(i)</enum><header display-inline="yes-display-inline">Termination</header><text display-inline="yes-display-inline">The authority to carry out the program
shall terminate 3 years after the date on which the Associate Administrator
establishes the program.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id06AF722A09C7441981048A353701747C" section-type="subsequent-section"><enum>308.</enum><header display-inline="yes-display-inline">Rural export promotion</header><text display-inline="no-display-inline">Not later than 6 months after the date of
enactment of this Act, the Administrator, in consultation with the Secretary of
Agriculture and the Secretary of Commerce, shall submit to the Committee on
Small Business and Entrepreneurship of the Senate and the Committee on Small
Business of the House of Representatives a report that contains—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID0e4d74172e764d68996869528b88158f"><enum>(1)</enum><text display-inline="yes-display-inline">a description of each program of the
Administration that promotes exports by rural small business concerns,
including—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID73264dd409994bceb7af78347e97f754"><enum>(A)</enum><text display-inline="yes-display-inline">the number of rural small business concerns
served by the program;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID49d471218c134c75a3475cae12ec4c57"><enum>(B)</enum><text display-inline="yes-display-inline">the change, if any, in the number of rural
small business concerns as a result of participation in the program during the
10-year period ending on the date of enactment of this Act;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa93469dfc81a412dba96f5a8168b693e"><enum>(C)</enum><text display-inline="yes-display-inline">the volume of exports by rural small
business concerns that participate in the program; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID438bf5eafe214b30a20f9b4bdd2529a6"><enum>(D)</enum><text display-inline="yes-display-inline">the change, if any, in the volume of
exports by rural small businesses that participate in the program during the
10-year period ending on the date of enactment of this Act;</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID3702428307e74af188c91cb2c9dedc47"><enum>(2)</enum><text display-inline="yes-display-inline">a description of the coordination between
programs of the Administration and other Federal programs that promote exports
by rural small business concerns;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID89da493635834fff8fd6c82195c45566"><enum>(3)</enum><text display-inline="yes-display-inline">recommendations, if any, for improving the
coordination described in paragraph (2);</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID9abc4181dcd04359b312821b62ad4071"><enum>(4)</enum><text display-inline="yes-display-inline">a description of any plan by the
Administration to market the international trade financing programs of the
Administration through lenders that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id53FC98D50CAF4F989C1F952B5172910C"><enum>(A)</enum><text display-inline="yes-display-inline">serve rural small business concerns;
and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id90EDE54A1680454D82C0798C3922CC43"><enum>(B)</enum><text display-inline="yes-display-inline">are associated with financing programs of
the Department of Agriculture;</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDaa9acc8cc16a460083746f9714f6be70"><enum>(5)</enum><text display-inline="yes-display-inline">recommendations, if any, for improving
coordination between the counseling programs and export financing programs of
the Administration, in order to increase the volume of exports by rural small
business concerns; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID6749209e90ad469d92b2dea570f203b8"><enum>(6)</enum><text display-inline="yes-display-inline">any additional information the
Administrator determines is necessary.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="id59B0D1277A994098B5289A965728AA5D" section-type="subsequent-section"><enum>309.</enum><header display-inline="yes-display-inline">International trade cooperation by small
business development centers</header><text display-inline="no-display-inline">Section 21(a) of the Small Business Act (15
U.S.C. 648(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idDBFD97B244EB43F791F774D81E401162"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>(2) The Small Business
Development Centers</quote> and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idB5550D1F1B0D429B89B206355FD68399" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id1A06F5D321C34B62B3F62F3E17E307D2"><enum>(2)</enum><header display-inline="yes-display-inline">Cooperation to provide international trade
services</header>
<subparagraph commented="no" display-inline="no-display-inline" id="id211B7516163148D3953944000E84681E"><enum>(A)</enum><header display-inline="yes-display-inline">Information and services</header><text display-inline="yes-display-inline">The small business development
centers</text>
</subparagraph></paragraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id83C03C8E604F4ECDB97B22ABD774A795"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (2)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id7D85A2F84917492791BF725CAA2C2E6A"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (A), as so designated, by
inserting <quote>(including State trade agencies),</quote> after <quote>local
agencies</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idED8BF03EFBDB494AA75589075808DD3F"><enum>(B)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="id9E5F0A051E9D4D2BB8C449E3FF87CBC1" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="id3AFD5ABB46B5415CB7AB63DA41BB8603"><enum>(B)</enum><header display-inline="yes-display-inline">Cooperation with State trade agencies and
Export Assistance Centers</header><text display-inline="yes-display-inline">A
small business development center that counsels a small business concern on
issues relating to international trade shall—</text>
<clause commented="no" display-inline="no-display-inline" id="idEDBCADFE56664FF3B6CBE07B3A093D70"><enum>(i)</enum><text display-inline="yes-display-inline">consult with State trade agencies and
Export Assistance Centers to provide appropriate services to the small business
concern; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idA3B6FA952EA9416897F64166DA6F4E8D"><enum>(ii)</enum><text display-inline="yes-display-inline">as necessary, refer the small business
concern to a State trade agency or an Export Assistance Center for further
counseling or assistance.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id29CEFC0798324E57ACE860D55F1B47C0"><enum>(C)</enum><header display-inline="yes-display-inline">Definition</header><text display-inline="yes-display-inline">In this paragraph, the term <term>Export
Assistance Center</term> has the same meaning as in section
22.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></section><enum>IV</enum><header>Small business
regulatory reform</header>
<section id="id634C053817BC4FB9B1077B25DAF2D7DE" section-type="subsequent-section"><enum>401.</enum><header>Short
title</header><text display-inline="no-display-inline">This title may be cited
as the <quote><short-title>Job Impact Analysis Act of
2010</short-title></quote>.</text>
</section><section id="ID5FED9ECE74E049CAB0E30FA1D3DAD856"><enum>402.</enum><header>Findings</header><text display-inline="no-display-inline">Congress finds the following:</text>
<paragraph id="ID18B59B98E5F7457DA941E758F4C4B622"><enum>(1)</enum><text>A vibrant and
growing small business sector is critical to the recovery of the economy of the
United States.</text>
</paragraph><paragraph id="ID7ACDE27B41E4426993876F7679C6259A"><enum>(2)</enum><text>Regulations
designed for application to large-scale entities have been applied uniformly to
small businesses and other small entities, sometimes inhibiting the ability of
small entities to create new jobs.</text>
</paragraph><paragraph id="ID99B7A3E3F2404432A70FF75064326F57"><enum>(3)</enum><text>Uniform Federal
regulatory and reporting requirements in many instances have imposed on small
businesses and other small entities unnecessary and disproportionately
burdensome demands, including legal, accounting, and consulting costs, thereby
threatening the viability of small entities and the ability of small entities
to compete and create new jobs in a global marketplace.</text>
</paragraph><paragraph id="ID3D3ED19F47894B93BB814E93BCF1A449"><enum>(4)</enum><text>Since 1980,
Federal agencies have been required to recognize and take account of the
differences in the scale and resources of regulated entities, but in many
instances have failed to do so.</text>
</paragraph><paragraph id="ID74b136e646e64044bc90f10e8e82b349"><enum>(5)</enum><text>In 2009, there
were nearly 70,000 pages in the Federal Register, and, according to research by
the Office of Advocacy of the Small Business Administration, the annual cost of
Federal regulations totals $1,100,000,000,000. Small firms bear a
disproportionate burden, paying approximately 45 percent, or $7,647, more per
employee than larger firms in annual regulatory compliance costs.</text>
</paragraph><paragraph id="id5DBDA186C98A4D579BE978A468890CEE"><enum>(6)</enum><text>The Federal
Government should fully consider the costs, including indirect economic impacts
and the potential for job creation and job loss, of proposed rules.</text>
</paragraph><paragraph id="ID1D71B6D38AC148BE84AE545BAC5304FB"><enum>(7)</enum><text>It is the
intention of Congress to amend chapter 6 of title 5, United States Code, to
ensure that all impacts, including foreseeable indirect effects, of proposed
and final rules are considered by agencies during the rulemaking process and
that the agencies assess a full range of alternatives that will limit adverse
economic consequences, enhance economic benefits, and fully address potential
job creation or job loss.</text>
</paragraph><paragraph id="id7FC593B5FCE64690B97688DC739D0F06"><enum>(8)</enum><text>To the maximum
extent practicable, the Director of the Congressional Budget Office should, in
certain estimates the Director prepares with respect to bills or joint
resolutions reported by congressional committees, estimate the potential job
creation or job loss attributable to the bills or joint resolutions.</text>
</paragraph></section><section id="id1095226C906D4136998F133E286E00B6"><enum>403.</enum><header>Job impact
statement for reported bills and joint resolutions</header><text display-inline="no-display-inline">Section
424 of the Congressional Budget and Impoundment Control Act of 1974 (2 U.S.C.
658c) is amended—</text>
<paragraph id="id7B87C7F6C0C2411E91B85FDF1D616BB6"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a)(2)—</text>
<subparagraph id="idB56B0C8DCBFE46FE97E0185C2290BA88"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (B), by striking
<quote>and</quote> at the end;</text>
</subparagraph><subparagraph id="id85B32999CA344D10A0B41BD56476FDDC"><enum>(B)</enum><text>in subparagraph
(C), by striking the period at the end and inserting <quote>; and</quote>;
and</text>
</subparagraph><subparagraph id="idEA9D7DE38D074D4298E02EE4D95A6884"><enum>(C)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="idAC283CC02F3A4EF695AD77C6F2E346D4" style="OLC">
<subparagraph id="id463964A03B8E4173BD995D0E4CC731A7"><enum>(D)</enum><text>if the Director
estimates that the total amount of direct costs of all Federal
intergovernmental mandates in the bill or joint resolution will equal or exceed
$5,000,000,000 (adjusted annually for inflation), to the extent practicable,
the potential job creation or job loss in State, local, and tribal governments
as a result of the mandates.</text>
</subparagraph><after-quoted-block>;
and</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id6F61A43DAB044A47BEA2785C4E21A278"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (b)(2)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idB8B907769C25470A97DD178898F87899"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (A), by striking
<quote>and</quote> at the end;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idC98921CB6AF8407388FF5B49A94ADBA8"><enum>(B)</enum><text>in subparagraph
(B), by striking the period at the end and inserting <quote>; and</quote>;
and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idBE7DC033F0D045C58DE10CE56573A944"><enum>(C)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id763D680DF77E476782CEE51159ED536C" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="idBA5996303D12478BBA92996FAEE566D0"><enum>(C)</enum><text display-inline="yes-display-inline">if the Director estimates that the total
amount of direct costs of all Federal private sector mandates in the bill or
joint resolution will equal or exceed $5,000,000,000 (adjusted annually for
inflation), to the extent practicable, the potential job creation or job loss
in the private sector as a result of the
mandates.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></section><section id="ID2AA2C8F7C9C8430FAED5E25F4048E700"><enum>404.</enum><header>Clarification
and expansion of rules covered by the Regulatory Flexibility Act</header><text display-inline="no-display-inline">Section 601 of title 5, United States Code,
is amended—</text>
<paragraph id="id4DFF3D20581449A99B37516699C8B9C3"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (6), by striking
<quote>and</quote> at the end;</text>
</paragraph><paragraph id="id95313B27B4F14B8E953949926C4914B0"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (7)(B), by striking the period
at the end and inserting a semicolon;</text>
</paragraph><paragraph id="id30F70F7CE14E439CA2FFC7E2DEB12BFB"><enum>(3)</enum><text>in paragraph
(8)—</text>
<subparagraph id="id95728A3FD19147D89E5A60791F7D2FA0"><enum>(A)</enum><text>by striking
<quote><header-in-text level="paragraph" style="USC">Recordkeeping
requirement</header-in-text>.—The</quote> and inserting <quote>the</quote>;
and</text>
</subparagraph><subparagraph id="id0170CF39A00240FA8F733C4C91F21F2C"><enum>(B)</enum><text>by striking the
period at the end and inserting <quote>; and</quote>; and</text>
</subparagraph></paragraph><paragraph id="id24A289FFF9584895AC4FD2CCD1C0B587"><enum>(4)</enum><text display-inline="yes-display-inline">by adding at the end the following:</text>
<quoted-block id="IDEDADB1282A9144CE82A8F32D92940636">
<paragraph id="ID2008BE38FE1940338A0E3D76E9A1E1F3"><enum>(9)</enum><text>the term
<term>economic impact</term> means, with respect to a proposed or final
rule—</text>
<subparagraph id="IDF71EA6BCBC8F47E985A484EE92CA2799"><enum>(A)</enum><text>any direct
economic effect of the rule on small entities; and</text>
</subparagraph><subparagraph id="IDEA0747316AE54A2FB13F6757CE998B56"><enum>(B)</enum><text>any indirect
economic effect on small entities, including potential job creation or job
loss, that is reasonably foreseeable and that results from the rule, without
regard to whether small entities are directly regulated by the
rule.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></section><section id="ID870E85E9701F483DB60599A44CA3EC6C"><enum>405.</enum><header>Requirements
providing for more detailed analyses</header>
<subsection id="id662A0BAD6BDC4518909D3610D9DC49E5"><enum>(a)</enum><header>Initial
regulatory flexibility analysis</header><text>Section 603 of title 5, United
States Code, is amended—</text>
<paragraph id="id28969ACA350C49629A9056D161C4114E"><enum>(1)</enum><text>by striking
subsection (b) and inserting the following:</text>
<quoted-block id="id21B3B9878A5E493CABE66B0D93E3B4CE">
<subsection id="ID7E9FBBA86B3149DFACE29E6DDDF80CC3"><enum>(b)</enum><text>Each initial
regulatory flexibility analysis required under this section shall contain a
detailed statement—</text>
<paragraph id="ID0086CEF99A9348C9B2A96342CA5B4B5C"><enum>(1)</enum><text>describing the
reasons why action by the agency is being considered;</text>
</paragraph><paragraph id="IDE0BB103F5E044101BCAFC0F353A95FD2"><enum>(2)</enum><text>describing the
objectives of, and legal basis for, the proposed rule;</text>
</paragraph><paragraph id="ID33DD86F27B444239B07755BC3298F167"><enum>(3)</enum><text>estimating the
number and type of small entities to which the proposed rule will apply;</text>
</paragraph><paragraph id="IDED9EB21CE5744743A6E947148DAB9F3E"><enum>(4)</enum><text>describing the
projected reporting, recordkeeping, and other compliance requirements of the
proposed rule, including an estimate of the classes of small entities which
will be subject to the requirement and the type of professional skills
necessary for preparation of the report and record;</text>
</paragraph><paragraph id="IDECDF93ADFE2149A48E9F203C03FE99F7"><enum>(5)</enum><text>describing all
relevant Federal rules which may duplicate, overlap, or conflict with the
proposed rule, or the reasons why such a description could not be provided;
and</text>
</paragraph><paragraph id="idEA5F7545EC854144910F40B8CFDA5C69"><enum>(6)</enum><text>estimating the
additional cumulative economic impact of the proposed rule on small entities,
including job creation and employment by small entities, beyond that already
imposed on the class of small entities by the agency, or the reasons why such
an estimate is not available.</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph id="id33C13BA22BA74768B87D77298022B483"><enum>(2)</enum><text>by adding at the
end the following:</text>
<quoted-block act-name="" display-inline="no-display-inline" id="id8149945DB08B477987F11DC1DFDAD521" style="USC">
<subsection id="idC7E9B7DA229A4EE3B40D0DD39E36D5A8"><enum>(d)</enum><text>An agency shall
notify the Chief Counsel for Advocacy of the Small Business Administration of
any draft rules that may have a significant economic impact on a substantial
number of small entities—</text>
<paragraph id="idBFCB50190A95482694E0B6BB0054B563"><enum>(1)</enum><text>not later than
the date on which the agency submits a draft rule to the Office of Information
and Regulatory Affairs at the Office of Management and Budget under Executive
Order 12866, if that order requires such submission; or</text>
</paragraph><paragraph id="id6653D0DC93564946A668FC00624E172C"><enum>(2)</enum><text>if no submission
to the Office of Information and Regulatory Affairs is so required, at a
reasonable time prior to publication of the rule by the
agency.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="IDD80EFA5ED9454694B6C165CA00C41283"><enum>(b)</enum><header>Final
regulatory flexibility analysis</header>
<paragraph id="ID118D5E63018C49898C76BDFF36A026EE"><enum>(1)</enum><header>In
general</header><text>Section 604(a) of title 5, United States Code, is
amended—</text>
<subparagraph id="ID530146E4EC7747699FE588395BD9F2FC"><enum>(A)</enum><text>by inserting
<quote>detailed</quote> before <quote>description</quote> each place it
appears;</text>
</subparagraph><subparagraph id="id4816469BBF084F10AACF8A6565D9F0B6"><enum>(B)</enum><text>in paragraph (1),
by striking <quote>succinct</quote>;</text>
</subparagraph><subparagraph id="ID69D12596A752431BA5FE5DF8BE7AF16E"><enum>(C)</enum><text>in paragraph
(2)—</text>
<clause id="idD88965842E32435AA7A71137A68F7117"><enum>(i)</enum><text>by
striking <quote>summary</quote> each place it appears and inserting
<quote>statement</quote>; and</text>
</clause><clause id="id5A262E3538DF4FD8B0BBE74B73B25CEE"><enum>(ii)</enum><text>by
inserting <quote>(or certification of the proposed rule under section
605(b))</quote> after <quote>initial regulatory flexibility
analysis</quote>;</text>
</clause></subparagraph><subparagraph id="ID3099BA241BB740C7A37CCD3F00245322"><enum>(D)</enum><text>in paragraph (3),
by striking <quote>an explanation</quote> and inserting <quote>a detailed
explanation</quote>;</text>
</subparagraph><subparagraph id="idA31C37F4620F4768B68203E26100259C"><enum>(E)</enum><text>by redesignating
paragraphs (3), (4), and (5) as paragraphs (4), (5), and (6), respectively;
and</text>
</subparagraph><subparagraph id="id38A380C008994585917065C837E78ADA"><enum>(F)</enum><text>by inserting
after paragraph (2) the following:</text>
<quoted-block id="IDA57F1EB6761442F5B8F2634AE8A8C9CE">
<paragraph id="ID241910675F4445C2B7920C25D847090C"><enum>(3)</enum><text>the response of
the agency to any comments filed by the Chief Counsel for Advocacy of the Small
Business Administration in response to the proposed rule, and a detailed
statement of any change made to the proposed rule in the final rule as a result
of the
comments;</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph><paragraph id="IDA231346F1869432EB335A6506652B205"><enum>(2)</enum><header>Publication of
analysis on web site, etc</header><text>Section 604(b) of title 5, United
States Code, is amended to read as follows:</text>
<quoted-block id="IDB5E8A877743F4B4F8AC4CF9FA6151D5B">
<subsection id="ID0A73D5DFDB244A0BB64F226671C5676A"><enum>(b)</enum><text>The agency
shall—</text>
<paragraph id="id191DC1DBCCBF489DA1BDA19202EEA374"><enum>(1)</enum><text>make copies of
the final regulatory flexibility analysis available to the public, including by
publishing the entire final regulatory flexibility analysis on the Web site of
the agency; and</text>
</paragraph><paragraph id="idE9A76AAB44A04D29841776CDD7FC265A"><enum>(2)</enum><text>publish in the
Federal Register the final regulatory flexibility analysis, or a summary of the
analysis that includes the telephone number, mailing address, and address of
the Web site where the complete final regulatory flexibility analysis may be
obtained.</text>
</paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="IDBB3A7E99920845C4B713F8F5E327D593"><enum>(c)</enum><header>Cross-References
to other analyses</header><text>Section 605(a) of title 5, United States Code,
is amended to read as follows:</text>
<quoted-block id="IDE79317B37A574EDFB7441B2655CDE12C">
<subsection id="IDA4985E49B7004E13821BD0DF3E45171B"><enum>(a)</enum><text>A Federal agency
shall be deemed to have satisfied a requirement regarding the content of a
regulatory flexibility agenda or regulatory flexibility analysis under section
602, 603, or 604, if the Federal agency provides in the agenda or regulatory
flexibility analysis a cross-reference to the specific portion of an agenda or
analysis that is required by another law and that satisfies the
requirement.</text>
</subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="IDFE47D58CDCC24CD785426D04C3D7078B"><enum>(d)</enum><header>Certifications</header><text>The
second sentence of section 605(b) of title 5, United States Code, is amended by
striking <quote>statement providing the factual</quote> and inserting
<quote>detailed statement providing the factual and legal</quote>.</text>
</subsection><subsection id="IDCDCBFD83F37C4E13A50A5B09E2ED50F7"><enum>(e)</enum><header>Quantification
requirements</header><text>Section 607 of title 5, United States Code, is
amended to read as follows:</text>
<quoted-block id="IDC1F347BCF7A94CA1A86D8F991A73D9B5" style="USC">
<section id="IDF0DA4F0C3000461286F25DAD46874CB0"><enum>607.</enum><header>Quantification
requirements</header><text display-inline="no-display-inline">In complying with
sections 603 and 604, an agency shall provide—</text>
<paragraph id="IDCB2F808F79CC424E84842D6E795EB7CE"><enum>(1)</enum><text>a quantifiable or
numerical description of the effects of the proposed or final rule, including
an estimate of the potential for job creation or job loss, and alternatives to
the proposed or final rule; or</text>
</paragraph><paragraph id="IDD186335BE8894C33B30491D49D56FD0C"><enum>(2)</enum><text>a more general
descriptive statement and a detailed statement explaining why quantification is
not practicable or
reliable.</text>
</paragraph></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="IDE33198A33A954E68AC19B1297A31E987"><enum>406.</enum><header>Periodic
review of rules</header><text display-inline="no-display-inline">Section 610 of
title 5, United States Code, is amended to read as follows:</text>
<quoted-block id="ID539F501CF98C4298BF23CB5409A99DDA" style="USC">
<section id="ID59C6A6A894D24DFCA1B824BC95576281"><enum>610.</enum><header>Periodic
review of rules</header>
<subsection id="ID58893C10DF1D405DA4A072069A55DD51"><enum>(a)</enum><text>Not later than
180 days after the enactment of the Job Impact Analysis Act of 2010, each
agency shall publish in the Federal Register and place on its Web site a plan
for the periodic review of rules issued by the agency that the head of the
agency determines has a significant economic impact on a substantial number of
small entities. Such determination shall be made without regard to whether the
agency performed an analysis under section 604. The purpose of the review shall
be to determine whether such rules should be continued without change, or
should be amended or rescinded, consistent with the stated objectives of
applicable statutes, to minimize any significant adverse economic impacts on a
substantial number of small entities (including an estimate of any adverse
impacts on job creation and employment by small entities). Such plan may be
amended by the agency at any time by publishing the revision in the Federal
Register and subsequently placing the amended plan on the Web site of the
agency.</text>
</subsection><subsection id="IDD1ED39FBAA11445695562B64400D5DD7"><enum>(b)</enum><text>The plan shall
provide for the review of all such agency rules existing on the date of the
enactment of the Job Impact Analysis Act of 2010 within 10 years after the date
of publication of the plan in the Federal Register and every 10 years
thereafter and for review of rules adopted after the date of enactment of the
Job Impact Analysis Act of 2010 within 10 years after the publication of the
final rule in the Federal Register and every 10 years thereafter. If the head
of the agency determines that completion of the review of existing rules is not
feasible by the established date, the head of the agency shall so certify in a
statement published in the Federal Register and may extend the review for not
longer than 2 years after publication of notice of extension in the Federal
Register. Such certification and notice shall be sent to the Chief Counsel for
Advocacy and Congress.</text>
</subsection><subsection id="IDBCD48CECF73949408CD2FCCE19BB86EA"><enum>(c)</enum><text>Each agency shall
annually submit a report regarding the results of its review pursuant to such
plan to Congress and, in the case of agencies other than independent regulatory
agencies (as defined in section 3502(5) of title 44, United States Code), to
the Administrator of the Office of Information and Regulatory Affairs of the
Office of Management and Budget. Such report shall include the identification
of any rule with respect to which the head of the agency made a determination
of infeasibility under paragraph (5) or (6) of subsection (d) and a detailed
explanation of the reasons for such determination.</text>
</subsection><subsection id="ID80C46B8836574D47AFE6C18605C55E20"><enum>(d)</enum><text>In reviewing
rules under such plan, the agency shall consider—</text>
<paragraph id="IDD2CB7945D29F40899F70BFC1AF4601D0"><enum>(1)</enum><text>the continued
need for the rule;</text>
</paragraph><paragraph id="IDA9F54D12B96045DF86123D147A7A931C"><enum>(2)</enum><text>the nature of
complaints received by the agency from small entities concerning the
rule;</text>
</paragraph><paragraph id="ID9DCDBC311AB34A53AF29A6B6BBBDF2BF"><enum>(3)</enum><text>comments by the
Regulatory Enforcement Ombudsman and the Chief Counsel for Advocacy;</text>
</paragraph><paragraph id="ID12B4D79D8DFF463F8C229DF94C599D98"><enum>(4)</enum><text>the complexity of
the rule;</text>
</paragraph><paragraph id="ID64435984C89246118347E92A4A5418D1"><enum>(5)</enum><text>the extent to
which the rule overlaps, duplicates, or conflicts with other Federal rules and,
unless the head of the agency determines it to be infeasible, State and local
rules;</text>
</paragraph><paragraph id="ID408F699E08224D8FABDE9ECC22CC6CDC"><enum>(6)</enum><text>the contribution
of the rule to the cumulative economic impact of all Federal rules on the class
of small entities affected by the rule, unless the head of the agency
determines that such calculations cannot be made and reports that determination
in the annual report required under subsection (c);</text>
</paragraph><paragraph id="ID8851A4BF64FB491AA2A4DB0756D94313"><enum>(7)</enum><text>the length of
time since the rule has been evaluated, or the degree to which technology,
economic conditions, or other factors have changed in the area affected by the
rule; and</text>
</paragraph><paragraph id="ID0012271469944aa8b86c4076ba41f6ff"><enum>(8)</enum><text>the current
impact of the rule, including—</text>
<subparagraph id="id786D41AE04DF444A92331D8850244B52"><enum>(A)</enum><text>the estimated
number of small entities to which the rule will apply;</text>
</subparagraph><subparagraph id="id65AED82583484A1FA06B933F2A4B526E"><enum>(B)</enum><text>the estimated
number of small business jobs that will be lost or created by the rule;
and</text>
</subparagraph><subparagraph id="id75E2264827BD47E3B7A008A05A7EB568"><enum>(C)</enum><text>the projected
reporting, recordkeeping and other compliance requirements of the proposed
rule, including—</text>
<clause id="id138F6C2BDCE3482FBC957E51E82E5929"><enum>(i)</enum><text>an estimate of
the classes of small entities that will be subject to the requirement;
and</text>
</clause><clause id="id3EF545CBEAEA42B5884B0C71BC184141"><enum>(ii)</enum><text>the type of
professional skills necessary for preparation of the report or record.</text>
</clause></subparagraph></paragraph></subsection><subsection id="ID5283DCB25DB142339AED738F062FBE42"><enum>(e)</enum><text>The agency shall
publish in the Federal Register and on the Web site of the agency a list of
rules to be reviewed pursuant to such plan. Such publication shall include a
brief description of the rule, the reason why the agency determined that it has
a significant economic impact on a substantial number of small entities
(without regard to whether the agency had prepared a final regulatory
flexibility analysis for the rule), and request comments from the public, the
Chief Counsel for Advocacy, and the Regulatory Enforcement Ombudsman concerning
the enforcement of the
rule.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section id="ID17A20A37353E48678634B1666D025DDA"><enum>407.</enum><header>Office of
Advocacy</header>
<subsection id="IDCF2547B531D744489040AE2F3DCFF744"><enum>(a)</enum><header>In
general</header><text>Section 203 of
<external-xref legal-doc="public-law" parsable-cite="pl/94/305">Public Law
94–305</external-xref> (<external-xref legal-doc="usc" parsable-cite="usc/15/634a">15 U.S.C. 634c</external-xref>) is amended—</text>
<paragraph id="id250C961BC2D5425BA9E2540889ECC5E6"><enum>(1)</enum><text>in paragraph (4),
by striking <quote>and</quote> at the end;</text>
</paragraph><paragraph id="id933C881F575346B2BC34B18AB8A3FA08"><enum>(2)</enum><text>in paragraph (5),
by striking the period and inserting <quote>; and</quote>; and</text>
</paragraph><paragraph id="id0A6444B977DB4FADA7DA71B18D3C51A4"><enum>(3)</enum><text>by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="id312C6B2127C642E7A2DCBB2D5FF71566" style="OLC">
<paragraph id="ID96DF289600B64B6A8DF6C8A5E92092D5"><enum>(6)</enum><text>carry out the
responsibilities of the Office of Advocacy under chapter 6 of title 5, United
States
Code.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection id="id9671C652AFB54A65B799A914306596CB"><enum>(b)</enum><header>Budgetary line
item and authorization of appropriations</header><text>Title II of
<external-xref legal-doc="public-law" parsable-cite="pl/94/305">Public Law
94–305</external-xref> (<external-xref legal-doc="usc" parsable-cite="usc/15/634a">15 U.S.C. 634a</external-xref> et seq.) is amended
by striking section 207 and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="id8A84CF8B7051401C9C568E584BD4B455" style="OLC">
<section id="id0634E8D1133E4515B6EB192D90F6A6D0"><enum>207.</enum><header>Budgetary line
item and authorization of appropriations</header>
<subsection id="ID7DC70BAEECB7433F8E706F2FF54CA618"><enum>(a)</enum><header>Appropriation
requests</header><text>Each budget of the United States Government submitted by
the President under section 1105 of title 31, United States Code, shall include
a separate statement of the amount of appropriations requested for the Office
of Advocacy of the Small Business Administration, which shall be designated in
a separate account in the General Fund of the Treasury.</text>
</subsection><subsection id="idF0E7F36FD8BD45A88092CBD898EF1202"><enum>(b)</enum><header>Administrative
operations</header><text>The Administrator of the Small Business Administration
shall provide the Office of Advocacy with appropriate and adequate office space
at central and field office locations, together with such equipment, operating
budget, and communications facilities and services as may be necessary, and
shall provide necessary maintenance services for such offices and the equipment
and facilities located in such offices.</text>
</subsection><subsection id="id389FD38F666441EF9416BC9B8BDBC220"><enum>(c)</enum><header>Authorization
of appropriations</header><text>There are authorized to be appropriated such
sums as are necessary to carry out this title. Any amount appropriated under
this subsection shall remain available, without fiscal year limitation, until
expended.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection></section><section id="IDB217E2F188E14AC2B1EEC1AF50BF09F8"><enum>408.</enum><header>Clerical
amendments</header>
<subsection id="ID8ABD0A3A14734705883466B9193890C1"><enum>(a)</enum><header>Heading</header><text>The
heading of section 605 of title 5, United States Code, is amended to read as
follows:</text>
<quoted-block id="IDCE092971F2A54B448FA05AFCA62A75C1" style="USC">
<section id="ID3018704425714147886618BC43A71F2E"><enum>605.</enum><header>Incorporations
by reference and
certifications</header>
</section><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection id="ID5D526E662BF247EBB8A32FE651FAA44F"><enum>(b)</enum><header>Table of
sections</header><text>The table of sections for chapter 6 of title 5, United
States Code, is amended—</text>
<paragraph id="IDC88CC4FE6B92460280A3761A85F6AB10"><enum>(1)</enum><text>by striking the
item relating to section 605 and inserting the following:</text>
<quoted-block id="ID7826032A1686420783F3B09CDC8250C0" style="USC">
<toc regeneration="no-regeneration">
<toc-entry level="section">605. Incorporations by reference and
certifications.</toc-entry>
</toc>
<after-quoted-block>;</after-quoted-block></quoted-block>
<continuation-text continuation-text-level="paragraph">and</continuation-text></paragraph><paragraph id="ID93A2F40D45124ACD94C6AA7F36D3EB65"><enum>(2)</enum><text>by striking the
item relating to section 607 and inserting the following:</text>
<quoted-block id="IDFA4D35F7C9404B619511E5252B4DB7DC" style="USC">
<toc regeneration="no-regeneration">
<toc-entry level="section">607. Quantification
requirements.</toc-entry>
</toc>
<after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection></section><enum>V</enum><header>Other
provisions</header>
<section id="idF4C785A7E6A9492C8D60DACDF9C90CA9"><enum>501.</enum><header>Funds for
SBDCs</header>
<subsection id="id477981E42C644C829D60B86E0C46673F"><enum>(a)</enum><header>In
general</header><text display-inline="yes-display-inline">There is
appropriated, out of any funds in the Treasury not otherwise appropriated, for
an additional amount for <quote>Small Business Administration—Salaries and
Expenses</quote>, $50,000,000, to remain available until January 1, 2012, for
grants to small business development centers under section 21 of the Small
Business Act (15 U.S.C. 648) to provide targeted technical assistance to small
business concerns (as defined under section 3 of the Small Business Act (15
U.S.C. 632)) seeking access to capital or credit, Federal procurement
opportunities, energy efficiency audits to reduce energy bills, opportunities
to export products or provide services to foreign customers, or other
assistance.</text>
</subsection><subsection id="id88A38929CFF442A6A70586B6E454ECAC"><enum>(b)</enum><header>Allocation</header>
<paragraph id="idC6232C18E51B422AB3C181A831458326"><enum>(1)</enum><header>In
general</header><text display-inline="yes-display-inline">Subject to paragraph
(2), and notwithstanding the requirements of section 21(a)(4)(C)(iii) of the
Small Business Act (15 U.S.C. 648(a)(4)(C)(iii)), the amount appropriated under
subsection (a) shall be allocated under the formula under section
21(a)(4)(C)(i) of that Act.</text>
</paragraph><paragraph id="idBE54F0B9772447F29AB32773C3945DD7"><enum>(2)</enum><header>Minimum
funding</header><text display-inline="yes-display-inline">The amount made
available under this section to each State shall be not less than
$325,000.</text>
</paragraph><paragraph id="id1E7A92EFED2B499B9756F96F27720FB4"><enum>(3)</enum><header>Types of
uses</header><text>Of the total amount of the grants awarded by the
Administrator under this section—</text>
<subparagraph id="id51A5BB643A8146599E616E2AC674C5B7"><enum>(A)</enum><text>not less than 80
percent shall be used for counseling of small business concerns; and</text>
</subparagraph><subparagraph id="id0E628D9E45A04D489293AD35B3B59647"><enum>(B)</enum><text>not more than 20
percent may be used for classes or seminars.</text>
</subparagraph></paragraph></subsection><subsection id="id79E26150B8F4476981430E8A6950C590"><enum>(c)</enum><header>No non-Federal
share required</header><text>Notwithstanding section 21(a)(4)(A) of the Small
Business Act (15 U.S.C. 648(a)(4)(A)), the recipient of a grant made using
amounts appropriated under subsection (a) shall not be required to provide
non-Federal matching funds.</text>
</subsection><subsection id="idA6553D877D2A4C8C9C2C9BD3C7C80F2C"><enum>(d)</enum><header>Distribution</header><text>Not
later than 30 days after the date of enactment of this Act, the Administrator
of the Small Business Administration shall disburse the total amount
appropriated under subsection (a).</text>
</subsection></section><section id="id0A5F35E64F5941928DA29015123A0A55"><enum>502.</enum><header>Temporary
waiver authority for women's business center program</header>
<subsection id="id17896D097C4846E6B4054D1D8CD41C7E"><enum>(a)</enum><header>Definitions</header><text>In
this section—</text>
<paragraph id="id86AB543BABDE46B580C466FBA81104C6"><enum>(1)</enum><text>the term
<term>Administrator</term> means the Administrator of the Small Business
Administration;</text>
</paragraph><paragraph id="id0A1DD32A75184B099DCA73899372302A"><enum>(2)</enum><text>the term
<term>recipient organization</term> means an organization receiving financial
assistance from the Administrator under the women's business center program;
and</text>
</paragraph><paragraph id="idC48BDD2A25844D28AEE6ABF642B95A30"><enum>(3)</enum><text>the term
<term>women's business center program</term> means the women's business center
program under section 29 of the Small Business Act (15 U.S.C. 656).</text>
</paragraph></subsection><subsection id="idD7E100C1B0F8434B9B27D4B3EE08004C"><enum>(b)</enum><header>Authority</header><text display-inline="yes-display-inline">Upon request by a recipient organization,
and in accordance with this section, the Administrator may waive, in whole or
in part, the requirement to obtain non-Federal funds under section 29(c) of the
Small Business Act (15 U.S.C. 656(c)) for the technical assistance and
counseling activities of the recipient organization carried out using financial
assistance under the women's business center program.</text>
</subsection><subsection id="id962743ABE7854F5C91CDA9DD62519BF5"><enum>(c)</enum><header>Considerations</header><text>In
determining whether to waive the requirement to obtain non-Federal funds under
this section, the Administrator shall consider—</text>
<paragraph id="id36700392A7EF4FFDA09380A663F0BCE4"><enum>(1)</enum><text>the economic
conditions affecting the recipient organization;</text>
</paragraph><paragraph id="idD438B9C714AC4D3A8AE9E76313C9F40C"><enum>(2)</enum><text>the impact a
waiver under this section would have on the credibility of the women's business
center program;</text>
</paragraph><paragraph id="id2CA772ABCE1546219A27C306D9DD681A"><enum>(3)</enum><text>the demonstrated
ability of the recipient organization to raise non-Federal funds; and</text>
</paragraph><paragraph id="id050BBA395AD643C5B12DF8575082C0A7"><enum>(4)</enum><text>the performance
of the recipient organization.</text>
</paragraph></subsection><subsection id="idDAE6E37625374B1B884452D8C0C27BA6"><enum>(d)</enum><header>Limitation</header><text>The
Administrator may not waive the requirement to obtain non-Federal funds under
this section if granting the waiver would undermine the credibility of the
women's business center program.</text>
</subsection><subsection id="id1AD83784676046DE842DF2D00AA4B7CE"><enum>(e)</enum><header>Termination</header><text>The
Administrator may not grant a waiver of the requirement to obtain non-Federal
funds under this section on or after January 1, 2012.</text>
</subsection></section><enum>VI</enum><header>Funding</header>
<section id="id36EA469FBD454961BFE4E3F04665A72D"><enum>601.</enum><header>Offset</header><text display-inline="no-display-inline">Notwithstanding section 5 of the American
Recovery and Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 116), an
amount equal to the total amount appropriated or made available under this Act
is rescinded on a pro rata basis from unobligated amounts appropriated or made
available under division A of the American Recovery and Reinvestment Act of
2009 (Public Law 111–5; 123 Stat. 116).</text>
</section><section id="id39C2D704C2BA4A3D8E8DEEA5DFBBA4B0"><enum>602.</enum><header>Emergency
designation</header>
<subsection id="ID6525f9d3e7b54af68e8fda4a85a978da"><enum>(a)</enum><header>Statutory</header><text>This
Act is designated as an emergency requirement pursuant to section 4(g) of the
Statutory Pay-As-You-Go Act of 2010 (Public Law 111–139; 2 U.S.C.
933(g)).</text>
</subsection><subsection id="ID2ab9f34eec9943b6a9e0c4ee38b3a531"><enum>(b)</enum><header>Rulemaking</header><text>This
Act is designated as an emergency requirement pursuant to section 403(a) of S.
Con. Res. 13 (111th Congress), the concurrent resolution on the budget for
fiscal year 2010.</text>
</subsection></section>