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[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6486 Introduced in House (IH)]

<DOC>

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.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Supporting Community Lenders Act''.

SEC. 2. COORDINATOR FOR COMMUNITY FINANCIAL INSTITUTIONS.

    Section 7 of the Small Business Act (15 U.S.C. 636) is amended by 
adding at the end the following:
    ``(o) Coordinator for Community Financial Institutions.--
            ``(1) Definitions.--In this subsection--
                    ``(A) the term `Associate Administrator' means the 
                Associate Administrator of the Office of Capital Access 
                of the Administration;
                    ``(B) the term `community financial institution' 
                has the meaning given the term in subsection (a)(36); 
                and
                    ``(C) the term `Coordinator' means the Coordinator 
                for Community Financial Institutions.
            ``(2) Establishment.--There is established within the 
        Office of Capital Access of the Administration the position of 
        Coordinator for Community Financial Institutions, the occupant 
        of which shall be responsible for the planning, coordination, 
        implementation, evaluation, and improvement of the efforts of 
        the Administrator to enhance the performance of community 
        financial institutions and support access to capital for small 
        business concerns.
            ``(3) Coordinator.--
                    ``(A) In general.--Not later than 180 days after 
                the date of enactment of the Supporting Community 
                Lenders Act, the Administrator shall designate an 
                individual to serve as Coordinator, who shall--
                            ``(i) report to the Associate 
                        Administrator; and
                            ``(ii) have knowledge of community 
                        financial institutions and experience providing 
                        access to capital to small business concerns in 
                        underserved communities.
                    ``(B) Duties.--The Coordinator shall--
                            ``(i) create and implement strategies and 
                        programs that support the activities, 
                        development, and growth of community financial 
                        institutions;
                            ``(ii) administer and manage outreach, 
                        technical support, and training programs to 
                        existing, and potential, community financial 
                        institutions;
                            ``(iii) establish partnerships within the 
                        Administration and with relevant Federal 
                        agencies, including the Department of the 
                        Treasury, the Federal Deposit Insurance 
                        Corporation, the Department of Agriculture, and 
                        the Minority Business Development Agency, to 
                        advance the goal of supporting the economic 
                        success of small business concerns through 
                        community financial institutions;
                            ``(iv) review the effectiveness and impact 
                        of community financial institutions;
                            ``(v) when appropriate, advocate on behalf 
                        of community financial institutions within the 
                        Administration, and to outside organizations, 
                        including other relevant Federal agencies;
                            ``(vi) hold public meetings with relevant 
                        stakeholders not less frequently than once 
                        every 6 months beginning 1 year after the date 
                        of enactment of the Supporting Community 
                        Lenders Act; and
                            ``(vii) not later than 3 years after the 
                        date of enactment of the Supporting Community 
                        Lenders Act, and not less frequently than once 
                        every 3 years thereafter, submit to Congress a 
                        report on the major activities of the 
                        Coordinator, recommendations for congressional 
                        action based on the expertise of the 
                        Coordinator, and potential for growth within 
                        the areas in which the Coordinator operates.
                    ``(C) Consultation.--In carrying out the duties 
                under this paragraph, the Coordinator shall consult 
                with--
                            ``(i) district offices of the 
                        Administration; and
                            ``(ii) other relevant Federal agencies, 
                        including the Department of the Treasury, the 
                        Federal Deposit Insurance Corporation, and the 
                        Minority Business Development Agency.''.
                                 <all>
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