[Congressional Record Volume 167, Number 137 (Monday, August 2, 2021)]
[Senate]
[Page S5621]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2220. Mr. VAN HOLLEN submitted an amendment intended to be 
proposed to amendment SA 2137 proposed by Mr. Schumer (for Ms. Sinema 
(for herself, Mr. Portman, Mr. Manchin, Mr. Cassidy, Mrs. Shaheen, Ms. 
Collins, Mr. Tester, Ms. Murkowski, Mr. Warner, and Mr. Romney)) to the 
bill H.R. 3684, to authorize funds for Federal-aid highways, highway 
safety programs, and transit programs, and for other purposes; which 
was ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ___. STATE SMALL BUSINESS CREDIT INITIATIVE.

       The State Small Business Credit Initiative Act of 2010 (12 
     U.S.C. 5701 et seq.) is amended--
       (1) in section 3007(d) (12 U.S.C. 5706(d)), by striking 
     ``the first March 31 to occur after 5 complete 12-month 
     periods after the State is approved by the Secretary to be a 
     participating State'' and inserting ``March 31, 2032, except 
     that the Secretary may require the participating State to 
     continue to submit those reports in such form as the 
     Secretary, in the sole discretion of the Secretary, may 
     require, on a quarterly or annual basis, until the date that 
     is 10 years after the date on which the State fully expends 
     the Federal funding allocated to the participating State 
     under the Program''; and
       (2) in section 3009(c) (12 U.S.C. 5708(c)), by striking 
     ``at the end of the 7-year period beginning on the date of 
     the enactment of section 3003(d)'' and inserting ``on March 
     31, 2032, except that the Secretary may continue to require 
     and collect reports, as described in section 3007(d), and to 
     publish the results of those reports, until the date that is 
     90 days after the date on which the obligation of the last 
     participating State to submit those reports terminates''.
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