I 

118TH CONGRESS 

1ST SESSION H. R. 6486 

To establish the position of Coordinator for Community Financial Institutions 

within the Small Business Administration to enhance the performance 

of community financial institutions and support access to capital for 

small business concerns, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

NOVEMBER 28, 2023 

Mr. MCGARVEY (for himself and Mr. ALFORD) introduced the following bill; 

which was referred to the Committee on Small Business 

A BILL 

To establish the position of Coordinator for Community Financial Institutions within the Small Business Administration to enhance the performance of community financial institutions and support access to capital for small 

business concerns, 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 ‘‘Supporting Commu5 nity Lenders Act’’. 


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1 SEC. 2. COORDINATOR FOR COMMUNITY FINANCIAL INSTI2 TUTIONS. 

3 Section 7 of the Small Business Act (15 U.S.C. 636) 

4 is amended by adding at the end the following: 

5 ‘‘(o) COORDINATOR FOR COMMUNITY FINANCIAL IN6 STITUTIONS.— 

7 ‘‘(1) DEFINITIONS.—In this subsection— 

8 ‘‘(A) the term ‘Associate Administrator’ 

9 means the Associate Administrator of the Office 

10 of Capital Access of the Administration; 

11 ‘‘(B) the term ‘community financial insti12 tution’ has the meaning given the term in sub13 section (a)(36); and 

14 ‘‘(C) the term ‘Coordinator’ means the Co15 ordinator for Community Financial Institutions. 

16 ‘‘(2) ESTABLISHMENT.—There is established 

17 within the Office of Capital Access of the Adminis18 tration the position of Coordinator for Community 

19 Financial Institutions, the occupant of which shall 

20 be responsible for the planning, coordination, imple21 mentation, evaluation, and improvement of the ef22 forts of the Administrator to enhance the perform23 ance of community financial institutions and support 

24 access to capital for small business concerns. 

25 ‘‘(3) COORDINATOR.— 


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1 ‘‘(A) IN GENERAL.—Not later than 180 

2 days after the date of enactment of the Sup3 porting Community Lenders Act, the Adminis4 trator shall designate an individual to serve as 

5 Coordinator, who shall— 

6 ‘‘(i) report to the Associate Adminis7 trator; and 

8 ‘‘(ii) have knowledge of community fi9 nancial institutions and experience pro10 viding access to capital to small business 

11 concerns in underserved communities. 

12 ‘‘(B) DUTIES.—The Coordinator shall— 

13 ‘‘(i) create and implement strategies 

14 and programs that support the activities, 

15 development, and growth of community fi16 nancial institutions; 

17 ‘‘(ii) administer and manage outreach, 

18 technical support, and training programs 

19 to existing, and potential, community fi20 nancial institutions; 

21 ‘‘(iii) establish partnerships within the 

22 Administration and with relevant Federal 

23 agencies, including the Department of the 

24 Treasury, the Federal Deposit Insurance 

25 Corporation, the Department of AgriVerDate Sep 11 2014 18:33 Dec 04, 2023 Jkt 049200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6201 E:\BILLS\H6486.IH H6486

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1 culture, and the Minority Business Devel2 opment Agency, to advance the goal of 

3 supporting the economic success of small 

4 business concerns through community fi5 nancial institutions; 

6 ‘‘(iv) review the effectiveness and im7 pact of community financial institutions; 

8 ‘‘(v) when appropriate, advocate on 

9 behalf of community financial institutions 

10 within the Administration, and to outside 

11 organizations, including other relevant 

12 Federal agencies; 

13 ‘‘(vi) hold public meetings with rel14 evant stakeholders not less frequently than 

15 once every 6 months beginning 1 year after 

16 the date of enactment of the Supporting 

17 Community Lenders Act; and 

18 ‘‘(vii) not later than 3 years after the 

19 date of enactment of the Supporting Com20 munity Lenders Act, and not less fre21 quently than once every 3 years thereafter, 

22 submit to Congress a report on the major 

23 activities of the Coordinator, recommenda24 tions for congressional action based on the 

25 expertise of the Coordinator, and potential 


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1 for growth within the areas in which the 

2 Coordinator operates. 

3 ‘‘(C) CONSULTATION.—In carrying out the 

4 duties under this paragraph, the Coordinator 

5 shall consult with— 

6 ‘‘(i) district offices of the Administra7 tion; and 

8 ‘‘(ii) other relevant Federal agencies, 

9 including the Department of the Treasury, 

10 the Federal Deposit Insurance Corpora11 tion, and the Minority Business Develop12 ment Agency.’’. 

Æ 


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