Small Business Defense Conversion Assistance Act of 1994

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SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Small Business 
Defense Conversion Assistance Act of 1994''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:

Sec. 1. Short title and table of contents.

   TITLE I--SMALL BUSINESS DEFENSE CONVERSION LOAN GUARANTEE PROGRAM

Sec. 101. Defense conversion loan guarantee authorizations.
Sec. 102. Technical clarification.
Sec. 103. Reaching additional small business concerns.
Sec. 104. Separate appropriations requirement.

   TITLE II--MISCELLANEOUS SMALL BUSINESS ADMINISTRATION AUTHORITIES

Sec. 201. Small business development center defense conversion 
                            assistance program.
Sec. 202. Job creation and community benefit.
Sec. 203. Development company loan program reauthorization.
Sec. 204. Disaster loan temporary personnel.

   TITLE I--SMALL BUSINESS DEFENSE CONVERSION LOAN GUARANTEE PROGRAM

SEC. 101. DEFENSE CONVERSION LOAN GUARANTEE AUTHORIZATIONS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended--
            (1) in subsection (l), as added by section 405(3) of the 
        Small Business Credit and Business Opportunity Enhancement Act 
        of 1992--
                    (A) by striking ``(l) There'' and inserting the 
                following:
            ``(3) There''; and
                    (B) by striking ``subsection (k)'', and inserting 
                ``paragraphs (1) and (2)'';
            (2) by redesignating subsection (k), as added by section 
        405(3) of the Small Business Credit and Business Opportunity 
        Act of 1992, as subsection (l);
            (3) in subsection (l), as redesignated, by inserting after 
        paragraph (1) the following new paragraph:
            ``(2) The Administration is authorized to make not more 
        than $4,000,000,000 in loans on a guaranteed basis, in 
        accordance with section 7(a)(21), such amount to remain 
        available without fiscal year limitation.'';
            (4) in subsection (n)--
                    (A) by striking ``(n) There'' and inserting the 
                following:
            ``(3) There''; and
                    (B) by striking ``subsection (m)'' and inserting 
                ``paragraphs (1) and (2)'';
            (5) in subsection (m), by inserting after paragraph (1) the 
        following new paragraph:
            ``(2) The Administration is authorized to make not more 
        than $4,000,000,000 in loans on a guaranteed basis, in 
        accordance with section 7(a)(21), such amount to remain 
        available without fiscal year limitation.'';
            (6) by redesignating subsection (o) as subsection (n);
            (7) in subsection (n), as redesignated, by inserting after 
        paragraph (1) the following new paragraph:
            ``(2) The Administration is authorized to make not more 
        than $4,000,000,000 in loans on a guaranteed basis, in 
        accordance with section 7(a)(21), such amount to remain 
        available without fiscal year limitation.''; and
            (8) in subsection (p)--
                    (A) by striking ``(p) There'' and inserting the 
                following:
            ``(3) There''; and
                    (B) by striking ``subsection (o)'' and inserting 
                ``paragraphs (1) and (2)''.

SEC. 102. TECHNICAL CLARIFICATION.

    Section 7(a)(21)(A) of the Small Business Act (15 U.S.C. 
636(a)(21)(A)) is amended by striking ``under the'' and inserting ``on 
a guaranteed basis under the''.

SEC. 103. REACHING ADDITIONAL SMALL BUSINESS CONCERNS.

    Section 7(a)(21)(A)(i) of the Small Business Act (15 U.S.C. 
636(a)(21)(A)(i)) is amended--
            (1) in subclause (I), by striking ``or'' at the end; and
            (2) by adding at the end the following new subclause:
                    ``(III) a substantial reduction in the revenues of 
                the small business concern due to an overall reduction 
                in economic activity within the community from which 
                such small business concern derives revenues, if such 
                reduction in economic activity is a direct result of 
                the factors described in subclause (I) or (II); or''.

SEC. 104. SEPARATE APPROPRIATIONS REQUIREMENT.

    Section 7(a)(21)(C) of the Small Business Act (15 U.S.C. 
636(a)(21)(C)) is amended by adding at the end the following: ``Loans 
authorized under this paragraph shall be funded through appropriations 
that are separate and distinct from the appropriations account that 
funds general guaranteed business loans authorized under this 
section.''.

                        TITLE II--MISCELLANEOUS

               SMALL BUSINESS ADMINISTRATION AUTHORITIES

SEC. 201. SMALL BUSINESS DEVELOPMENT CENTER DEFENSE CONVERSION 
              ASSISTANCE PROGRAM.

    (a) Authorization of Appropriations.--Section 21(a) of the Small 
Business Act (15 U.S.C. 648(a)) is amended by adding at the end the 
following new paragraph:
            ``(7) Authorization of appropriations for defense 
        conversion assistance program.--
                    ``(A) In general.--
                            ``(i) Authorization.--There are authorized 
                        to be appropriated, either directly or through 
                        transfer from another Federal department or 
                        agency, $15,000,000 for each of fiscal years 
                        1995, 1996, and 1997 to carry out subsection 
                        (c)(3)(G).
                            ``(ii) Separate funding.--Activities 
                        carried out under subsection (c)(3)(G) shall be 
                        funded through appropriations that are separate 
                        and distinct from the appropriations account 
                        that funds Small Business Development Centers 
                        authorized under this section.
                    ``(B) Matching requirement.--Notwithstanding 
                paragraph (5), the Administration shall require, as a 
                condition of any grant (or amendment or modification 
                thereof) made under subsection (c)(3)(G), that an 
                additional amount equal to 50 percent of such grant be 
                provided from sources other than the Federal 
                Government. Such amount may be provided in cash or by 
                indirect or in-kind contribution.''.
    (b) Funds to Small Business Development Centers.--Section 21(a) of 
the Small Business Act (15 U.S.C. 648(a)), as amended by subsection 
(a), is amended by adding at the end the following new paragraph:
            ``(8) Funds to small business development centers.--
        Notwithstanding any other provision of law, amounts made 
        available to a Small Business Development Center to carry out 
        this section, either directly or through transfer from another 
        Federal department or agency, shall not be included in the 
        calculation of the amount of Administration assistance made 
        available to the Small Business Development Center for purposes 
        of paragraph (4) or (5).''.
    (c) Technical and Conforming Amendments.--Section 21(a) of the 
Small Business Act (15 U.S.C. 648(a)) is amended--
            (1) in paragraph (4), by striking ``Except as provided in 
        paragraph (4)'' and inserting ``Except as provided in 
        paragraphs (5) and (7)''; and
            (2) in paragraph (5), by striking ``required in paragraph 
        (3)'' and inserting ``required by paragraph (4)''.

SEC. 202. JOB CREATION AND COMMUNITY BENEFIT.

    Section 7(a)(21) of the Small Business Act (15 U.S.C. 636(a)(21)) 
is amended by adding at the end the following new subparagraph:
                    ``(E) Job creation and community benefit.--In 
                providing assistance under this paragraph, the 
                Administration shall develop procedures to ensure, to 
                the maximum extent practicable, that such assistance is 
                used for projects that--
                            ``(i) have the greatest potential for--
                                    ``(I) creating new jobs for 
                                individuals whose employment is 
                                involuntarily terminated due to 
                                reductions in Federal defense 
                                expenditures; or
                                    ``(II) preventing the loss of jobs 
                                by employees of small business concerns 
                                described in subparagraph (A)(i); and
                            ``(ii) have substantial potential for 
                        stimulating new economic activity in 
                        communities most impacted by reductions in 
                        Federal defense expenditures.''.

SEC. 203. DEVELOPMENT COMPANY LOAN PROGRAM REAUTHORIZATION.

    Section 20(i)(2)(C) of the Small Business Act (15 U.S.C. 631 note) 
is amended by striking ``$1,200,000,000'' and inserting 
``$1,500,000,000''.

SEC. 204. DISASTER LOAN TEMPORARY PERSONNEL.

    Section 5(b)(8) of the Small Business Act (15 U.S.C. 634(b)(8)) is 
amended by striking ``six months'' and inserting ``12 months''.
            Amend the title so as to read: ``A bill to authorize 
        funding for the small business defense conversion programs and 
        the Development Company Loan Program of the Small Business 
        Administration, and for other purposes.''.
                                     

                                                       

Summary: TABLE OF CONTENTS: Title I: Small Business Defense Conversion Loan Guarantee Program Title II: Miscellaneous Small Business Administration Authorities Small Business Defense Conversion Assistance Act of 1994 - Title I: Small Business Defense Conversion Loan Guarantee Program - Amends the Small Business Act to authorize the Small Business Administration (SBA) to make up to $4 billion in guaranteed loans for the small business defense conversion program . Adds to small businesses eligible for such loans those experiencing substantial revenue reduction because of an overall reduction in economic activity in a community due to such closures or terminations. Requires such defense conversion loans to be funded through appropriations that are separate and distinct from funds appropriated for general business loans under the Act. Title II: Miscellaneous Small Business Administration Authorities - Authorizes appropriations for FY 1995 through 1997 under the Small Business Development Center Program for the defense conversion assistance program. Requires 50 percent of such grant amounts to be provided by non-Federal sources. Prohibits any such amounts from being included in the calculation of the amount of SBA assistance to the Development Center Program. Directs the SBA to develop procedures to ensure that assistance is provided for projects that have the greatest potential for creating new jobs in areas experiencing terminations or reductions due to reductions in defense spending or for preventing job loss by small business employees, and that have substantial potential for stimulating new economic activity in communities most impacted by reductions in defense spending. Increases the amount authorized for the Small Business Development Company loan program. Authorizes the SBA Administrator to pay transportation expenses and per diem for up to 12 months for SBA employees rendering temporary services in connection with disaster assistance.