(C) in the most recent calendar year had 
an average of not fewer than 5 employees and 
not more than 500 employees. 
(b) ESTABLISHMENT
OF CRITERIA
AND PROCE-
DURES; REGULATIONS.—The Secretary shall— 
(1) establish criteria for the establishment and 
maintenance of a long-term United States growth 
plan for any company or enterprise seeking incen-
tives under this Act, including any applicable compo-
nents of such plan, such as capital development, 
marketing and distribution within the United States, 
and expanded employment of United States workers; 
(2) establish criteria for United States expan-
sion plans of successful small businesses that would 
qualify such companies for any incentives under this 
Act; 
(3) establish procedures for carrying out the 
parameters and components of the loan guarantee 
and interest rate subsidy programs under this sec-
tion, a manner for allocating available amounts 
among qualified recipients, and the procedures for 
carrying out such programs; 
(4) establish procedures and forms for applying 
for loan guarantees and interest rate subsidies under 
this section; 
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(5) establish an information program to rapidly 
disseminate information about the programs and 
such procedures to all companies and enterprises 
who may qualify for any such program and to the 
general public; and 
(6) take such other action and prescribe such 
regulations as the Secretary determines are appro-
priate to carry out this section. 
(c) LOAN GUARANTEE PROGRAM.—The Secretary 
shall establish and maintain a program to provide loan 
guarantees, of not more than 80 percent of the amount 
of the principal of the loan to which the guarantee applies, 
to banks and other lenders that will allow such banks and 
lenders to provide loans at the lowest collateralized rate 
available to any successful small business for the purpose 
of facilitating the company’s United States expansion 
plans. 
(d) INTEREST RATE SUBSIDY PROGRAM.—The Sec-
retary shall establish an interest rate subsidy program 
under which the Secretary would pay 1 percentage point 
of interest on any loan made by any bank or other lender 
to any successful small business for the purpose of facili-
tating the company’s United States expansion plans to the 
extent the annual percentage rate on the loan does not 
exceed the lowest collateralized rate available from the 
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bank or lender to any successful small business, minus the 
rate paid by the Secretary. 
(e) COORDINATION.—The Secretary— 
(1) shall consult with the Administrator of the 
Small Business Administration in establishing the 
programs under subsections (c) and (d); and 
(2) may make such arrangements with such Ad-
ministrator as the Secretary determines to be appro-
priate to provide for the administration of such pro-
grams, or any aspect of such programs, by the Ad-
ministrator. 
(f) SUNSET.—No new loan guarantee or interest rate 
subsidy may be entered into under any program under this 
section after the end of the 5-year period beginning on 
the date of the enactment of this Act. 
Æ 
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