(A) a summary of the peer learning oppor-
tunities established by the eligible entity using 
grant funds; 
(B) the number of second-stage small busi-
ness concerns assisted using grant funds; and 
(C) in the case of an eligible entity that re-
ceives a grant for a second fiscal year or any 
subsequent fiscal year—
(i) any measurable economic impact 
data resulting from the peer learning op-
portunities established using grant funds; 
and 
(ii) the number of peer learning op-
portunities established by the eligible enti-
ty that have transitioned from operating 
using Government funds to operating with-
out using Government funds. 
(2) FORM
OF
REPORT.—The report required 
under paragraph (1) shall be transmitted in elec-
tronic form. 
(g) DATA REPOSITORY AND CLEARINGHOUSE.—In 
carrying out the pilot program, the Administrator shall act 
as the repository of and clearinghouse for data and infor-
mation submitted by the eligible entities.
(h) ANNUAL REPORT
ON PILOT PROGRAM.—Not 
later than November 1 of each year, the Administrator 
shall submit to the President and to Congress, a report 
evaluating the success of the pilot program during the pre-
ceding fiscal year, which shall include the following: 
(1) A description of the types of peer learning 
opportunities provided with grant funds. 
(2) The number of second-stage small business 
concerns assisted with grant funds. 
(3) For fiscal year 2007 and each subsequent 
fiscal year of the pilot program—
(A) data regarding the economic impact of 
the peer learning opportunities provided with 
grant funds; and 
(B) the number of peer learning opportuni-
ties established by grant recipients that have 
transitioned from operating using Government 
funds to operating without using Government 
funds. 
(i) PRIVACY REQUIREMENT.—
(1) IN
GENERAL.—A small business develop-
ment center, consortium of small business develop-
ment centers, or contractor or agent of a small busi-
ness development center shall not disclose the name, 
address, or telephone number of any individual or
small business concern receiving assistance under 
this section without the consent of such individual or 
small business concern, unless—
(A) the Administrator is ordered to make 
such a disclosure by a court in any civil or 
criminal enforcement action initiated by a Fed-
eral or State agency; or 
(B) the Administrator considers such a 
disclosure to be necessary for the purpose of 
conducting a financial audit of a small business 
development center, but a disclosure under this 
subparagraph shall be limited to the informa-
tion necessary for such audit. 
(2) ADMINISTRATOR USE OF INFORMATION.—
The privacy requirement under this subsection shall 
not—
(A) restrict Administrator access to pro-
gram activity data; or 
(B) prevent the Administrator from using 
client information to conduct client surveys. 
(j) EVALUATION AND REPORT.—Not later than 3 
years after the establishment of the pilot program, the 
Comptroller General of the United States shall—
(1) conduct an evaluation of the pilot program; 
and
(2) transmit to Congress and the Administrator 
a report containing the results of such evaluation 
along with any recommendations as to whether the 
pilot program, with or without modification, should 
be extended to include the participation of all small 
business development centers. 
(k) TERMINATION.—The pilot program shall termi-
nate on September 30, 2009. 
SEC. 4. REGULATIONS. 
After providing notice and an opportunity for com-
ment and after consulting with the association described 
in section 3(b)(5) (if any such association has been 
formed), the Administrator shall promulgate final regula-
tions to carry out this Act, including regulations that es-
tablish—
(1) standards relating to the establishment and 
conduct of peer learning opportunities to be provided 
by grant recipients, including the number of individ-
uals that may participate in a peer group that is 
part of a peer learning opportunity; 
(2) standards relating to the educational, tech-
nical, and professional competency of any facilitator 
who delivers peer learning opportunities under the 
pilot program; and
(3) requirements for transitioning peer learning 
opportunities funded under the pilot program to 
non-governmental funding. 
SEC. 5. DEFINITIONS. 
In this Act: 
(1) The term ‘‘Administrator’’ means the Ad-
ministrator of the Small Business Administration. 
(2) The term ‘‘peer learning opportunities’’ 
means formally organized peer groups of owners, 
presidents and chief executive officers in non-com-
peting second-stage business concerns, meeting regu-
larly with a professionally trained facilitator. 
(3) The term ‘‘second-stage small business con-
cern’’ means a small business concern that— 
(A) has—
(i) more than 6 and not more than 99 
employees; or 
(ii) annual revenue or working capital 
or more than $750,000 and not more than 
$18,000,000; and 
(B) has experienced high growth dem-
onstrated by—
(i) an average annual revenue or em-
ployee growth rate of at least 15 percent 
during the preceding 3 years; or
(ii) any 3 of the following: 
(I) Owning proprietary intellec-
tual property. 
(II) Addressing an underserved 
or growing market. 
(III) Having a sustainable com-
petitive advantage. 
(IV) Exporting goods or services 
outside of its community. 
(V) Having a product or service 
that is scalable to a large market. 
(4) The term ‘‘small business concern’’ has the 
meaning given that term under section 3 of the 
Small Business Act (15 U.S.C. 632). 
(5) The term ‘‘State’’ means each of the several 
States, the District of Columbia, the Commonwealth 
of Puerto Rico, the Virgin Islands, Guam, and 
American Samoa. 
SEC. 6. AUTHORIZATION OF APPROPRIATIONS. 
(a) IN GENERAL.—There is authorized to be appro-
priated to carry out this Act $1,500,000 for each of fiscal 
years 2006 through 2009. 
(b) LIMITATION ON USE OF OTHER FUNDS.—The 
Administrator shall carry out this Act using only amounts
appropriated in advance specifically for the purpose of car-
rying out this Act.
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