I 
114TH CONGRESS 
2D SESSION 
H. R. 5144 
To amend the State Small Business Credit Initiative Act of 2010 to help 
small businesses access capital and create jobs by reauthorizing the 
successful State Small Business Credit Initiative and to allow partici-
pating States to provide program funds to small businesses for develop-
ment of affordable housing. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 29, 2016 
Mrs. BEATTY introduced the following bill; which was referred to the 
Committee on Financial Services 
A BILL 
To amend the State Small Business Credit Initiative Act 
of 2010 to help small businesses access capital and cre-
ate jobs by reauthorizing the successful State Small 
Business Credit Initiative and to allow participating 
States to provide program funds to small businesses for 
development of affordable housing. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Jumpstart Housing 
Opportunities Utilizing Small Enterprises Act of 2016’’ 
or the ‘‘Jumpstart HOUSE Act of 2016’’. 
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SEC. 2. NEW TRANCHES OF CAPITAL FOR SUCCESSFUL 
STATE PROGRAMS. 
Section 3003 of the State Small Business Credit Ini-
tiative Act of 2010 (12 U.S.C. 5702) is amended by add-
ing at the end the following: 
‘‘(d) ADDITIONAL ALLOCATION AND COMPETITIVE 
AWARDS.— 
‘‘(1) DEFINITIONS.—In this subsection— 
‘‘(A) the term ‘eligible participating State’ 
means a participating State that has certified 
to the Secretary that the State has expended, 
transferred, or obligated not less than 80 per-
cent of the second 1⁄3 of the 2010 allocation 
transferred to the State under subsection 
(c)(1)(A)(iii); and 
‘‘(B) the term ‘unused funds’ means— 
‘‘(i) amounts made available to the 
Secretary under clause (i)(II) or (ii)(II) of 
paragraph (2)(E); and 
‘‘(ii) amounts made available to the 
Secretary under paragraph (4)(B)(ii). 
‘‘(2) ALLOCATION
FOR
2010
PARTICIPATING 
STATES.— 
‘‘(A) ALLOCATION.—Of the amount made 
available under paragraph (6)(D), the Secretary 
shall allocate a total of $500,000,000 among el-
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igible participating States in the same ratio as 
funds were allocated under the 2010 allocation 
under subsection (b)(1) among participating 
States. 
‘‘(B) APPLICATION.—An eligible partici-
pating State desiring to receive funds allocated 
under this paragraph shall submit an applica-
tion— 
‘‘(i) not later than the date that is 6 
months after the date of enactment of this 
subsection; and 
‘‘(ii) in such manner and containing 
such information as the Secretary may re-
quire. 
‘‘(C) 
AVAILABILITY
OF
ALLOCATED 
AMOUNT.— 
‘‘(i) IN
GENERAL.—Notwithstanding 
subsection (c)(1), after an eligible partici-
pating State approved by the Secretary to 
receive an allocation under this paragraph 
has certified to the Secretary that the eligi-
ble participating State has expended, 
transferred, or obligated not less than 80 
percent of the last 1⁄3 of the 2010 alloca-
tion to the eligible participating State, the 
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Secretary shall transfer to the eligible par-
ticipating State the funds allocated to the 
eligible participating State under this para-
graph. 
‘‘(ii) EFFECT ON AGREEMENTS.—The 
allocation or transfer of funds under this 
paragraph to an eligible participating State 
shall not be construed to— 
‘‘(I) amend or modify the terms 
of the Allocation Agreement entered 
into by the eligible participating State 
relating to the 2010 allocation; or 
‘‘(II) modify or extend the Allo-
cation Time Period, as defined under 
such Allocation Agreement. 
‘‘(D) USE OF TRANSFERRED FUNDS.—An 
eligible participating State may use funds 
transferred under this paragraph for any pur-
pose authorized under subparagraph (A), (B), 
or (C) of subsection (c)(3). 
‘‘(E) TERMINATION OF AVAILABILITY OF 
AMOUNTS.— 
‘‘(i) IN GENERAL.—If an eligible par-
ticipating State has not certified to the 
Secretary that the State has expended, 
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transferred, or obligated not less than 80 
percent of the last 1⁄3 of the 2010 alloca-
tion as of the date that is 2 years after the 
date on which the Secretary approves the 
eligible participating State to receive an al-
location 
under 
this 
paragraph, 
any 
amounts allocated to the eligible partici-
pating State under this paragraph— 
‘‘(I) may not be transferred to 
the eligible participating State under 
this paragraph; and 
‘‘(II) shall be available to the 
Secretary to make awards under para-
graph (4). 
‘‘(ii) OTHER AMOUNTS.—Effective on 
the date that is 2 years after the date of 
enactment of this subsection, any amounts 
allocated under this paragraph to a partici-
pating State that, as of such date, is not 
an eligible participating State or to an eli-
gible participating State that did not sub-
mit an application under subparagraph (B) 
or was not approved by the Secretary to 
receive an allocation under this para-
graph— 
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