II 

109TH CONGRESS 

2D SESSION S. 3663 

To amend the Small Business Act to increase the maximum amount for 

international trade loans, to direct the Administrator of the Small Business Administration to assign an international finance specialist, and 

for other purposes. 

IN THE SENATE OF THE UNITED STATES 

JULY 14, 2006 

Ms. LANDRIEU (for herself, Mr. KERRY, Mr. BAYH, and Mr. PRYOR) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship 

A BILL 

To amend the Small Business Act to increase the maximum 

amount for international trade loans, to direct the Administrator of the Small Business Administration to assign an international finance specialist, 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 ‘‘Small Business Inter5 national Trade Enhancements Act of 2006’’. 


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1 SEC. 2. DEFINITIONS. 

2 In this Act, the terms ‘‘Administration’’ and ‘‘Admin3 istrator’’ mean the Small Business Administration and the 

4 Administrator thereof, respectively. 

5 SEC. 3. INTERNATIONAL TRADE LOANS. 

6 (a) IN GENERAL.—Section 7(a)(3)(B) of the Small 

7 Business Act (15 U.S.C. 636(a)(3)(B)) is amended by 

8 striking ‘‘$1,750,000, of which not more than 

9 $1,250,000’’ and inserting ‘‘$2,750,000 (or if the gross 

10 loan amount would exceed $3,670,000), of which not more 

11 than $2,000,000’’. 

12 (b) WORKING CAPITAL.—Section 7(a)(16)(A) of the 

13 Small Business Act (15 U.S.C. 636(a)(16)(A)) is amend14 ed— 

15 (1) in the matter preceding clause (i), by strik16 ing ‘‘in—’’ and inserting ‘‘—’’; 

17 (2) in clause (i)— 

18 (A) by inserting ‘‘in’’ after ‘‘(i)’’; and 

19 (B) by striking ‘‘or’’ at the end; 

20 (3) in clause (ii)— 

21 (A) by inserting ‘‘in’’ after ‘‘(ii)’’; and 

22 (B) by striking the period and inserting ‘‘; 

23 or’’; and 

24 (4) by adding at the end the following: 

25 ‘‘(iii) by providing working capital.’’. 


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1 (c) COLLATERAL.—Section 7(a)(16)(B) of the Small 

2 Business Act (15 U.S.C. 636(a)(16)(B)) is amended— 

3 (1) by striking ‘‘Each loan’’ and inserting the 

4 following: 

5 ‘‘(i) IN GENERAL.—Except as pro6 vided in clause (ii), each loan’’; and 

7 (2) by adding at the end the following: 

8 ‘‘(ii) EXCEPTION.—A loan under this 

9 paragraph may be secured by a second lien 

10 position on the property or equipment fi11 nanced by the loan or on other assets of 

12 the small business concern, if the Adminis13 trator determines such lien provides ade14 quate assurance of the payment of such 

15 loan.’’. 

16 (d) REFINANCING.—Section 7(a)(16)(A)(ii) of the 

17 Small Business Act (15 U.S.C. 636(a)(16)(A)(ii)) is 

18 amended by inserting ‘‘, including any debt that qualifies 

19 for refinancing under any other provision of this sub20 section’’ before the period. 

21 SEC. 4. GULF COAST EXPORT ASSISTANCE. 

22 (a) INCREASE IN SMALL BUSINESS INTERNATIONAL

23 TRADE STAFF.—The Administrator shall assign 1 addi24 tional full-time international finance specialist to the Of25 fice of International Trade of the Administration. 


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1 (b) LOCATION AND SERVICE AREA.—The inter2 national finance specialist assigned under subsection (a) 

3 shall— 

4 (1) be located in the New Orleans, Louisiana 

5 United States Export Assistance Center; 

6 (2) help to carry out the export promotion ef7 forts described in section 22 of the Small Business 

8 Act (15 U.S.C. 649); and 

9 (3) provide such services in the States of Lou10 isiana, Mississippi, and Alabama. 

11 (c) AUTHORIZATION OF APPROPRIATIONS.— 

12 (1) IN GENERAL.—There are authorized to be 

13 appropriated to the Administration such sums as are 

14 necessary to carry out this section. 

15 (2) AVAILABILITY OF FUNDS.—Amounts made 

16 available under this subsection shall remain available 

17 until expended. 

18 SEC. 5. ASSIGNMENT OF EMPLOYEES OF THE OFFICE OF 

19 INTERNATIONAL TRADE. 

20 Section 22 of the Small Business Act (15 U.S.C. 649) 

21 is amended by adding at the end the following: 

22 ‘‘(h) In carrying out this section, the Administrator 

23 shall ensure that the number of full-time equivalent em24 ployees of the Office assigned to the one-stop shops re25 ferred to in section 2301(b) of the Omnibus Trade and 


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1 Competitiveness Act of 1988 (15 U.S.C. 4721(b)) is not 

2 less than the number of such employees so assigned on 

3 January 1, 2006.’’. 

Æ 


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