I
103D CONGRESS
2D SESSION
H. R. 4366
To amend the Small Business Act to establish a minority graduate mentor
program.
IN THE HOUSE OF REPRESENTATIVES
MAY 5, 1994
Mr. WYNN (for himself, Mr. ENGEL, and Mr. FOGLIETTA) introduced the
following bill; which was referred to the Committee on Small Business
A BILL
To amend the Small Business Act to establish a minority
graduate mentor program.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. MINORITY GRADUATE MENTOR PROGRAM.
The Small Business Act (15 U.S.C. 631 et seq.) is
amended—
(1) by redesignating section 28, as added by
section 2 of the Women’s Business Development Act
of 1991 (105 Stat. 1589), as section 29;
(2) by redesignating section 30 as section 31;
and
(3) by inserting after section 29, as redesig-
nated by paragraph (1), the following:
‘‘SEC. 30. MINORITY GRADUATE MENTOR PROGRAM.
‘‘(a) ESTABLISHMENT.—The Administrator shall
issue regulations to establish a minority graduate mentor
program (hereinafter in this section referred to as the
‘program’) in accordance with the requirements of this
section.
‘‘(b) DESCRIPTION.—Under the program, a small
business concern that is a graduate of the small business
and capital ownership development program established by
section (7)(j)(10) (hereinafter in this section referred to
as a ‘graduate concern’) may serve as a mentor to 1 or
more small business concerns that are in the developmen-
tal stage of such small business and capital ownership de-
velopment program (hereinafter in this section referred to
as a ‘developmental stage concern’).
‘‘(c) ELIGIBILITY FOR CONTRACTS.—Notwithstand-
ing any other provision of law, a graduate concern that
participates as a mentor in the program shall be eligible
to receive, during the period of such participation, any
contract awarded under section 8(a) if the graduate con-
cern agrees to subcontract not less than 20 percent and
not more than 49 percent of the value of the contract to
1 or more developmental stage concerns for which the
graduate concern has agreed to serve as a mentor under
the program.
‘‘(d) REGULATIONS.—Regulations to be issued pursu-
ant to subsection (a) shall contain, at a minimum, the fol-
lowing:
‘‘(1) Application requirements for participation
by graduate concerns and developmental stage con-
cerns in the program.
‘‘(2) Criteria to be used by the Administrator in
selecting graduate concerns for participation as men-
tors in the program, including standards for evaluat-
ing a graduate concern’s bonding, financing, and
line of credit.
‘‘(3) Procedures for establishing partnerships
between graduate concerns and developmental stage
concerns under the program, including procedures
by which a graduate concern may initiate such a
partnership.
‘‘(4) A description of the types of assistance
that a graduate concern will provide to a devel-
opmental stage concern under the program, includ-
ing the establishment of goals and regular assess-
ments of the achievement of such goals.
‘‘(5) Monitoring methods to be used by the Ad-
ministrator to prevent abuse under the program, in-
cluding a requirement that all participants in the
program submit a financial capability statement to
the Administrator at least once every 2 years.
‘‘(6) Procedures to permit a graduate concern
and a developmental stage concern to terminate
their partnership under the program upon the com-
pletion of a contract.’’.
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