I 

113TH CONGRESS 

1ST SESSION H. R. 2551 

To amend the Small Business Act to ensure that certain Federal contracts 

are set aside for small businesses, to enhance services to small businesses 

that are disadvantaged, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 27, 2013 

Mr. RUSH introduced the following bill; which was referred to the Committee 

on Small Business, and in addition to the Committees on Financial Services and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such 

provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To amend the Small Business Act to ensure that certain 

Federal contracts are set aside for small businesses, to 

enhance services to small businesses that are disadvantaged, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Expanding Opportuni5 ties for Main Street Act of 2013’’. 


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1 TITLE I—SMALL BUSINESS 

2 ADMINISTRATION 

3 SEC. 101. CONTRACT OPPORTUNITIES FOR SMALL BUSI4 NESS CONCERNS. 

5 (a) DEFINITIONS.—In this section— 

6 (1) the term ‘‘eligible contract’’ means any con7 tract for the acquisition of goods or services that is 

8 in an amount (including options) of more than 

9 $3,000 and less than $500,000; and 

10 (2) the term ‘‘small business concern’’ has the 

11 meaning given that term under section 3(a) of the 

12 Small Business Act (15 U.S.C. 632(a)). 

13 (b) IN GENERAL.—Notwithstanding any other provi14 sion of law, a Federal department or agency shall, to the 

15 extent practicable, award to a small business concern each 

16 eligible contract let by the department or agency. 

17 (c) SOLE SOURCE CONTRACTS.—A Federal depart18 ment or agency may award an eligible contract as a sole 

19 source contract to a small business concern if at least 1 

20 small business concern submits an offer with respect to 

21 the eligible contract. 

22 (d) AWARD TO SMALL BUSINESS NOT PRAC23 TICABLE.— 

24 (1) IN GENERAL.—If a contracting officer of a 

25 Federal department or agency determines that 


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1 awarding an eligible contract to a small business 

2 concern under subsection (b) is not practicable, the 

3 contracting officer shall make available to the Ad4 ministrator of the Small Business Administration 

5 and the public— 

6 (A) the determination and reasoning of 

7 such officer with respect to the eligible contract; 

8 and 

9 (B) the name of each small business con10 cern that submitted an offer with respect to the 

11 eligible contract. 

12 (2) REVIEW.—The Administrator of the Small 

13 Business Administration shall— 

14 (A) review a determination under para15 graph (1); and 

16 (B) if the Administrator determines it is 

17 appropriate, open the eligible contract oppor18 tunity for the submission of additional offers 

19 and award the contract. 

20 SEC. 102. ENHANCEMENT OF SERVICES TO SMALL BUSI21 NESSES THAT ARE DISADVANTAGED. 

22 (a) NET WORTH.—Section 8(a)(6)(A) of the Small 

23 Business Act (15 U.S.C. 637(a)(6)(A)) is amended by in24 serting after ‘‘disadvantaged individual.’’ the following: 

25 ‘‘For purposes of this section, an individual having a net 


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1 worth of more than $1,500,000 is not economically dis2 advantaged.’’. 

3 (b) TIME LIMIT ON PARTICIPATION.—Section 

4 7(j)(15) of the Small Business Act (15 U.S.C. 636(j)(15)) 

5 is amended— 

6 (1) by redesignating subparagraphs (A) and 

7 (B) as clauses (i) and (ii), respectively; 

8 (2) by inserting ‘‘(A)’’ after ‘‘(15)’’; and 

9 (3) by adding at the end the following: 

10 ‘‘(B) No time limitation relating to the pe11 riod that a small business concern may receive 

12 developmental assistance under the Program 

13 and contracts under section 8(a) shall apply to 

14 a small business concern that has not completed 

15 a contract under section 8(a).’’. 

16 SEC. 103. BUNDLED CONTRACTS. 

17 (a) DEFINITIONS.—Section 3(o) of the Small Busi18 ness Act (15 U.S.C. 632(o)) is amended to read as follows: 

19 ‘‘(o) DEFINITIONS OF BUNDLING OF CONTRACT RE20 QUIREMENTS AND RELATED TERMS.—In this Act: 

21 ‘‘(1) BUNDLED CONTRACT.— 

22 ‘‘(A) IN GENERAL.—The term ‘bundled 

23 contract’ means a contract or order that is en24 tered into to meet procurement requirements 

25 that are consolidated in a bundling of contract 


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1 requirements, without regard to how the pro2 curing agency has designated the contract or 

3 order or whether a study of the effects of the 

4 solicitation on civilian or military personnel has 

5 been made. 

6 ‘‘(B) EXCEPTIONS.—The term does not in7 clude— 

8 ‘‘(i) a contract or order with an aggre9 gate dollar value below the dollar thresh10 old; or 

11 ‘‘(ii) a contract or order that is en12 tered into to meet an exempted require13 ment. 

14 ‘‘(2) BUNDLING OF CONTRACT REQUIRE15 MENTS.— 

16 ‘‘(A) IN GENERAL.—The term ‘bundling of 

17 contract requirements’ means the use of any 

18 bundling methodology to satisfy 2 or more pro19 curement requirements for goods or services 

20 previously supplied or performed under separate 

21 smaller contracts or orders, or to satisfy 2 or 

22 more procurement requirements for construc23 tion services of a type historically performed 

24 under separate smaller contracts or orders, that 


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1 is likely to be unsuitable for award to a small 

2 business concern due to— 

3 ‘‘(i) the diversity, size, or specialized 

4 nature of the elements of the performance 

5 specified; 

6 ‘‘(ii) the aggregate dollar value of the 

7 anticipated award; 

8 ‘‘(iii) the geographical dispersion of 

9 the contract or order performance sites; or 

10 ‘‘(iv) any combination of the factors 

11 described in clauses (i), (ii), and (iii). 

12 ‘‘(B) INCLUSION OF NEW FEATURES OR

13 FUNCTIONS.—A combination of contract re14 quirements that would meet the definition of a 

15 bundling of contract requirements but for the 

16 addition of a procurement requirement with at 

17 least 1 new good or service shall be considered 

18 to be a bundling of contract requirements un19 less the new features or functions substantially 

20 transform the goods or services and will provide 

21 measurably substantial benefits to the Federal 

22 Government in terms of quality, performance, 

23 or price. 

24 ‘‘(C) EXCEPTIONS.—The term ‘bundling of 

25 contract requirements’ does not include— 


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1 ‘‘(i) the use of a bundling method2 ology for an anticipated award with an ag3 gregate dollar value below the dollar 

4 threshold; or 

5 ‘‘(ii) the use of a bundling method6 ology to meet an exempted requirement. 

7 ‘‘(3) BUNDLING METHODOLOGY.—The term 

8 ‘bundling methodology’ means— 

9 ‘‘(A) a solicitation to obtain offers for a 

10 single contract or order, or a multiple award 

11 contract or order; or 

12 ‘‘(B) a solicitation of offers for the 

13 issuance of a task or a delivery order under an 

14 existing single or multiple award contract or 

15 order. 

16 ‘‘(4) SEPARATE SMALLER CONTRACT.—The 

17 term ‘separate smaller contract’, with respect to 

18 bundling of contract requirements, means a contract 

19 or order that has been performed by 1 or more small 

20 business concerns or was suitable for award to 1 or 

21 more small business concerns. 

22 ‘‘(5) DOLLAR THRESHOLD.—The term ‘dollar 

23 threshold’ means— 


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1 ‘‘(A) $65,000,000, in the case of a con2 tract or order that is solely for construction 

3 services; and 

4 ‘‘(B) $5,000,000 for a contract or order 

5 not described in subparagraph (A). 

6 ‘‘(6) EXEMPTED REQUIREMENT.—The term 

7 ‘exempted requirement’ means a procurement re8 quirement solely for items that are not commercial 

9 items (as the term ‘commercial item’ is defined in 

10 section 103 of title 41, United States Code). 

11 ‘‘(7) PROCUREMENT REQUIREMENT.—The term 

12 ‘procurement requirement’ means a determination 

13 by a Federal agency that a specified good or service 

14 is needed to satisfy the mission of the Federal agen15 cy.’’. 

16 (b) PROPOSED PROCUREMENT REQUIREMENTS.— 

17 Section 15(a) of the Small Business Act (15 U.S.C. 

18 644(a)) is amended— 

19 (1) in the third sentence, by striking ‘‘necessary 

20 and justified’’ and inserting ‘‘necessary and justified, 

21 and identifying information on the incumbent con22 tract holders, a description of the industries that 

23 might be interested in bidding on the contract re24 quirements, and the number of small businesses list25 ed in the industry categories that could be excluded 


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1 from future bidding if the contract is combined or 

2 packaged’’; and 

3 (2) by striking the sixth sentence and inserting 

4 the following: ‘‘Whenever the Administration and the 

5 contracting procurement agency fail to agree, the 

6 Administrator may review the proposed procurement 

7 or delay the solicitation process for not more than 

8 10 days to make recommendations, and the matter 

9 shall be submitted to the Director of the Office of 

10 Management and Budget to mediate the disagree11 ment.’’. 

12 SEC. 104. FEDERAL CONTRACTING GOALS. 

13 (a) INCREASE IN CERTAIN GOALS.—Section 15(g)(1) 

14 of the Small Business Act (15 U.S.C. 644(g)(1)) is 

15 amended— 

16 (1) by striking ‘‘not less than 23 percent’’ and 

17 inserting ‘‘not less than 25 percent’’; and 

18 (2) by striking ‘‘not less than 5 percent’’ each 

19 place it appears and inserting ‘‘not less than 10 per20 cent’’. 

21 (b) LIMITATION ON NUMBER OF CATEGORIES FOR

22 WHICH A BUSINESS MAY QUALIFY.—Section 15(g) of the 

23 Small Business Act (15 U.S.C. 644(g)) is amended by 

24 adding at the end the following: 


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1 ‘‘(3) A Federal agency may not include a busi2 ness concern in more than 2 specified categories for 

3 purposes of determining whether the Federal agency 

4 has met the Government-wide goals under this sub5 section for the award of contracts to business con6 cerns in specified categories. In this paragraph, the 

7 term ‘specified category’ means small business con8 cerns, small business concerns owned and controlled 

9 by service-disabled veterans, qualified HUBZone 

10 small business concerns, small business concerns 

11 owned and controlled by socially and economically 

12 disadvantaged individuals, and small business con13 cerns owned and controlled by women.’’. 

14 SEC. 105. IMPLEMENTATION OF SUBCONTRACTING PLANS. 

15 Section 8(d) of the Small Business Act (15 U.S.C. 

16 637(d)) is amended by adding at the end the following: 

17 ‘‘(13) In the case of any contract containing a 

18 subcontracting plan included pursuant to paragraph 

19 (4) or (5)— 

20 ‘‘(A) The Administrator shall collaborate 

21 with the Federal agency awarding the contract 

22 to develop and include in the contract a clause 

23 providing that, if the contractor meets the per24 centage goal for the utilization of small busi25 ness concerns, including those owned and conVerDate Mar 15 2010 21:31 Jul 10, 2013 Jkt 029200 PO 00000 Frm 00010 Fmt 6652 Sfmt 6201 E:\BILLS\H2551.IH H2551

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1 trolled by socially and economically disadvan2 taged individuals, as set forth in the subcon3 tracting plan, the Federal agency may give ad4 ditional consideration to contractor. 

5 ‘‘(B) The Federal agency awarding the 

6 contract shall require the contractor to provide 

7 written justification to the agency whenever the 

8 contractor, in performing the contract, does not 

9 enter into a subcontract with, or substitutes an10 other subcontractor for, a specific small busi11 ness concern identified in the subcontracting 

12 plan. 

13 ‘‘(14) The Administration shall establish a tele14 phone line or other electronic means of communica15 tion through which a small business concern identi16 fied in a subcontracting plan by an offeror or bidder 

17 may communicate to the Administration any con18 cerns regarding major deviations by prime contrac19 tors from the use of small business concerns as sub20 contractors under the prime contract as described in 

21 the subcontracting plan.’’. 


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1 SEC. 106. REQUIREMENT TO CONSIDER USE OF SMALL 

2 BUSINESS CONCERNS OWNED AND CON3 TROLLED BY SOCIALLY AND ECONOMICALLY 

4 DISADVANTAGED INDIVIDUALS WHEN CON5 SIDERING PAST COMPLIANCE WITH SUBCON6 TRACTING PLANS. 

7 Section 8(d) of the Small Business Act (15 U.S.C. 

8 637(d)) is amended— 

9 (1) in paragraph (4)(C), in the second sentence, 

10 by inserting ‘‘, especially compliance with the goal 

11 set forth in such plans for the utilization of small 

12 business concerns owned and controlled by socially 

13 and economically disadvantaged individuals,’’ after 

14 ‘‘other such subcontracting plans’’; and 

15 (2) in paragraph (5)(B), in the second sentence, 

16 by inserting ‘‘, especially compliance with the goal 

17 set forth in such plans for the utilization of small 

18 business concerns owned and controlled by socially 

19 and economically disadvantaged individuals,’’ after 

20 ‘‘other such subcontracting plans’’. 

21 TITLE II—MINORITY BUSINESS 

22 DEVELOPMENT AGENCY 

23 SEC. 201. DEFINITIONS. 

24 In this title: 

25 (1) HISTORICALLY DISADVANTAGED INDI26 VIDUAL.—The term ‘‘historically disadvantaged indiVerDate Mar 15 2010 21:31 Jul 10, 2013 Jkt 029200 PO 00000 Frm 00012 Fmt 6652 Sfmt 6201 E:\BILLS\H2551.IH H2551

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1 vidual’’ means any individual who is a member of a 

2 group that is designated as eligible to receive assist3 ance under section 1400.1 of title 15, Code of Fed4 eral Regulations, as in effect on January 1, 2009. 

5 (2) PRINCIPAL.—The term ‘‘principal’’ means 

6 any person that the Director determines to exercise 

7 significant control over the regular operations of a 

8 business entity. 

9 (3) PROGRAM.—The term ‘‘Program’’ means 

10 the Minority Business Development Program estab11 lished under section 202. 

12 SEC. 202. EMERGING MINORITY BUSINESS DEVELOPMENT 

13 PROGRAM. 

14 The National Director of the Minority Business De15 velopment Agency shall establish the Minority Business 

16 Development Program to assist qualified minority busi17 nesses. The Program shall provide to such businesses the 

18 following: 

19 (1) Technical assistance under section 204. 

20 (2) Loan guarantees under section 208. 

21 (3) Contract procurement assistance under sec22 tion 205. 

23 SEC. 203. QUALIFIED MINORITY BUSINESS. 

24 (a) CERTIFICATION.—For purposes of the Program, 

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1 ment Agency may certify as a qualified minority business 

2 any entity that satisfies each of the following: 

3 (1) Not less than 51 percent of the entity is di4 rectly and unconditionally owned or controlled by 

5 historically disadvantaged individuals. 

6 (2) Each officer or other individual who exer7 cises control over the regular operations of the entity 

8 is a historically disadvantaged individual. 

9 (3) The net worth of each principal of the enti10 ty is not greater than $2,000,000. (The equity of a 

11 disadvantaged owner in a primary personal residence 

12 shall not be considered in this calculation.) 

13 (4) The principal place of business of the entity 

14 is in the United States. 

15 (5) Each principal of the entity maintains good 

16 character in the determination of the National Di17 rector. 

18 (6) The entity engages in competitive and bona 

19 fide commercial business operations in not less than 

20 one sector of industry that has a North American 

21 Industry Classification System code. 

22 (7) The entity submits reports to the National 

23 Director at such time, in such form, and containing 

24 such information as the National Director may re25 quire. 


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1 (8) Such other requirements as the National 

2 Director considers appropriate. 

3 (b) TERM OF CERTIFICATION.—A certification under 

4 this section shall be for a term of 5 years and may not 

5 be renewed. 

6 SEC. 204. TECHNICAL ASSISTANCE. 

7 (a) IN GENERAL.—In carrying out the Program, the 

8 National Director of the Minority Business Development 

9 Agency may provide to qualified minority businesses tech10 nical assistance with regard to the following: 

11 (1) Writing business plans. 

12 (2) Marketing. 

13 (3) Management. 

14 (4) Securing sufficient financing for business 

15 operations. 

16 (b) CONTRACT AUTHORITY.—The National Director 

17 may enter into agreements with persons to provide tech18 nical assistance under this section. 

19 SEC. 205. SET-ASIDE CONTRACTING OPPORTUNITIES. 

20 (a) IN GENERAL.—The National Director of the Mi21 nority Business Development Agency may enter into 

22 agreements with the United States Government and any 

23 department, agency, or officer thereof having procurement 

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1 curement contracts and providing opportunities for quali2 fied minority businesses with regard to such contracts. 

3 (b) QUALIFICATIONS ON PARTICIPATION.—The Na4 tional Director shall by rule establish requirements for 

5 participation under this section by a qualified minority 

6 business in a contract. 

7 (c) ANNUAL LIMIT ON NUMBER OF CONTRACTS PER

8 QUALIFIED MINORITY BUSINESS.—A qualified minority 

9 business may not participate under this section in con10 tracts in an amount that exceeds $10,000,000 for goods 

11 and services each fiscal year. 

12 (d) LIMITS ON CONTRACT AMOUNTS.— 

13 (1) GOODS AND SERVICES.—Except as provided 

14 in paragraph (2), a contract for goods and services 

15 under this section may not exceed $6,000,000. 

16 (2) MANUFACTURING AND CONSTRUCTION.—A 

17 contract for manufacturing and construction services 

18 under this section may not exceed $10,000,000. 

19 SEC. 206. TERMINATION FROM PROGRAM. 

20 The National Director of the Minority Business De21 velopment Agency may terminate a qualified minority 

22 business from the Program for any violation of a require23 ment of sections 203 through 206 by that qualified minor24 ity business, including the following: 


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1 (1) Conduct by a principal of the qualified mi2 nority business that indicates a lack of business in3 tegrity. 

4 (2) Willful failure to comply with applicable 

5 labor standards and obligations. 

6 (3) Consistent failure to tender adequate per7 formance with regard to contracts under the Pro8 gram. 

9 (4) Failure to obtain and maintain relevant cer10 tifications. 

11 (5) Failure to pay outstanding obligations owed 

12 to the Federal Government. 

13 SEC. 207. AUTHORIZATION OF APPROPRIATIONS. 

14 (a) AUTHORIZATION OF APPROPRIATIONS.—There 

15 are authorized to be appropriated $200,000,000 to the 

16 National Director to carry out this section. Such sums 

17 shall remain available until expended. 

18 SEC. 208. LOAN GUARANTEES. 

19 (a) IN GENERAL.—Subject to subsection (b), the Na20 tional Director of the Minority Business Development 

21 Agency may guarantee up to 90 percent of the amount 

22 of a loan made to a qualified minority business to be used 

23 for business purposes, including the following: 

24 (1) Purchasing essential equipment. 

25 (2) Payroll expenses. 


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1 (3) Purchasing facilities. 

2 (4) Renovating facilities. 

3 (b) TERMS AND CONDITIONS.— 

4 (1) IN GENERAL.—The National Director may 

5 make guarantees under this section for projects on 

6 such terms and conditions as the National Director 

7 determines appropriate, after consultation with the 

8 Secretary of the Treasury, in accordance with this 

9 section. 

10 (2) REPAYMENT.—No guarantee shall be made 

11 under this section unless the National Director de12 termines that there is reasonable prospect of repay13 ment of the principal and interest on the obligation 

14 by the borrower. 

15 (3) DEFAULTS.— 

16 (A) PAYMENT BY NATIONAL DIRECTOR.— 

17 (i) IN GENERAL.—If a borrower de18 faults on the obligation (as defined in reg19 ulations promulgated by the National Di20 rector and specified in the guarantee con21 tract), the holder of the guarantee shall 

22 have the right to demand payment of the 

23 unpaid amount from the National Direc24 tor. 


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1 (ii) PAYMENT REQUIRED.—Within 

2 such period as may be specified in the 

3 guarantee or related agreements, the Na4 tional Director shall pay to the holder of 

5 the guarantee the unpaid interest on, and 

6 unpaid principal of the obligation as to 

7 which the borrower has defaulted, unless 

8 the National Director finds that there was 

9 no default by the borrower in the payment 

10 of interest or principal or that the default 

11 has been remedied. 

12 (iii) FORBEARANCE.—Nothing in this 

13 paragraph precludes any forbearance by 

14 the holder of the obligation for the benefit 

15 of the borrower which may be agreed upon 

16 by the parties to the obligation and ap17 proved by the Director. 

18 (B) SUBROGATION.— 

19 (i) IN GENERAL.—If the National Di20 rector makes a payment under subpara21 graph (A), the National Director shall be 

22 subrogated to the rights of the recipient of 

23 the payment as specified in the guarantee 

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1 propriate, the authority (notwithstanding 

2 any other provision of law) to— 

3 (I) complete, maintain, operate, 

4 lease, or otherwise dispose of any 

5 property acquired pursuant to such 

6 guarantee or related agreements; or 

7 (II) permit the borrower, pursu8 ant to an agreement with the National 

9 Director, to continue to pursue the 

10 purposes of the project if the National 

11 Director determines this to be in the 

12 public interest. 

13 (ii) SUPERIORITY OF RIGHTS.—The 

14 rights of the National Director, with re15 spect to any property acquired pursuant to 

16 a guarantee or related agreements, shall be 

17 superior to the rights of any other person 

18 with respect to the property. 

19 (iii) TERMS AND CONDITIONS.—A 

20 guarantee agreement shall include such de21 tailed terms and conditions as the National 

22 Director determines appropriate to— 

23 (I) protect the interests of the 

24 United States in the case of default; 

25 and 


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1 (II) have available all the patents 

2 and technology necessary for any per3 son selected, including the National 

4 Director, to complete and operate the 

5 project. 

6 (C) PAYMENT OF PRINCIPAL AND INTER7 EST BY NATIONAL DIRECTOR.—With respect to 

8 any obligation guaranteed under this section, 

9 the National Director may enter into a contract 

10 to pay, and pay, holders of the obligation, for 

11 and on behalf of the borrower, from funds ap12 propriated for that purpose, the principal and 

13 interest payments which become due and pay14 able on the unpaid balance of the obligation if 

15 the National Director finds that— 

16 (i)(I) the borrower is unable to meet 

17 the payments and is not in default; 

18 (II) it is in the public interest to per19 mit the borrower to continue to pursue the 

20 purposes of the project; and 

21 (III) the probable net benefit to the 

22 Federal Government in paying the prin23 cipal and interest will be greater than that 

24 which would result in the event of a de25 fault; 


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1 (ii) the amount of the payment that 

2 the National Director is authorized to pay 

3 shall be no greater than the amount of 

4 principal and interest that the borrower is 

5 obligated to pay under the agreement 

6 being guaranteed; and 

7 (iii) the borrower agrees to reimburse 

8 the National Director for the payment (in9 cluding interest) on terms and conditions 

10 that are satisfactory to the National Direc11 tor. 

12 (D) ACTION BY ATTORNEY GENERAL.— 

13 (i) NOTIFICATION.—If the borrower 

14 defaults on an obligation, the National Di15 rector shall notify the Attorney General of 

16 the default. 

17 (ii) RECOVERY.—On notification, the 

18 Attorney General shall take such action as 

19 is appropriate to recover the unpaid prin20 cipal and interest due from— 

21 (I) such assets of the defaulting 

22 borrower as are associated with the 

23 obligation; or 

24 (II) any other security pledged to 

25 secure the obligation. 


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1 (4) FEES.— 

2 (A) IN GENERAL.—The National Director 

3 shall charge and collect fees for guarantees in 

4 amounts the National Director determines are 

5 sufficient to cover applicable administrative ex6 penses, not to exceed 1 percent of the amount 

7 guaranteed. 

8 (B) AVAILABILITY.—Fees collected under 

9 this paragraph shall— 

10 (i) be deposited by the National Di11 rector into the Treasury; and 

12 (ii) remain available until expended, 

13 subject to such other conditions as are con14 tained in annual appropriations Acts. 

15 (c) CREDIT REQUIREMENTS.—To receive a loan 

16 guaranteed under this section a qualified minority busi17 ness shall— 

18 (1) be in good standing with regard to the cred19 it of that business in the determination of the Na20 tional Director; 

21 (2) have received technical assistance under sec22 tion 204; and 

23 (3) submit reports, at such time, in such form, 

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1 rector may require regarding the credit of the busi2 ness. 

3 (d) LIMITS ON GUARANTEE AMOUNTS.— 

4 (1) MAXIMUM AMOUNT OF GUARANTEE.—The 

5 National Director may not guarantee more than 

6 $450,000 of any loan under this section. 

7 (2) MAXIMUM GROSS LOAN AMOUNT.—A loan 

8 guaranteed under this section may not be for a gross 

9 loan amount in excess of $500,000. 

10 (e) AUTHORIZATION OF APPROPRIATIONS.—There 

11 are authorized to be appropriated to the National Director 

12 not more than $500,000,000 to carry out this section dur13 ing fiscal years 2014 through 2019. 

14 SEC. 209. REPORTS. 

15 (a) REPORT OF THE DIRECTOR.—Not later than Oc16 tober 1, 2012, and annually thereafter, the National Di17 rector of the Minority Business Development Agency shall 

18 submit to the Committee on Commerce, Science, and 

19 Transportation of the Senate and the Committee on En20 ergy and Commerce of the House of Representatives a re21 port describing the activities of the National Director dur22 ing the preceding year with respect to the Program. 

23 (b) REPORT OF THE SECRETARY OF COMMERCE.— 

24 Not later than October 1, 2012, and annually thereafter, 

25 the Secretary of Commerce shall submit to the Committee 


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1 on Commerce, Science, and Transportation of the Senate 

2 and the Committee on Energy and Commerce of the 

3 House of Representatives a report describing the activities 

4 the Secretary engaged in during the preceding year to 

5 build wealth among historically disadvantaged individuals. 

6 SEC. 210. MINORITY BUSINESS DEVELOPMENT AGENCY 

7 DATABASE. 

8 Not later than 90 days after the date of the enact9 ment of this Act, the National Director of the Minority 

10 Business Development Agency shall establish a database 

11 to assist prime contractors in identifying historically dis12 advantaged firms for subcontracting. 

Æ 


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