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credit (under section 32 of such Code) and what steps would
be necessary to implement such inclusion.
SEC. 564. SENSE OF THE SENATE CONCERNING PERSONAL
SAVINGS.
(a) FINDINGS.—The Senate finds that—
(1) the personal saving rate in the United States
is at its lowest point since the Great Depression, with
the rate having fallen into negative territory;
(2) the United States ranks at the bottom of the
Group of Twenty (G–20) nations in terms of net na-
tional saving rate;
(3) approximately half of all the working people
of the United States work for an employer that does
not offer any kind of retirement plan;
(4) existing savings policies enacted by Congress
provide limited incentives to save for low- and mod-
erate-income families; and
(5) the Social Security program was enacted to
serve as the safest component of a retirement system
that also includes employer-sponsored retirement
plans and personal savings.
(b) SENSE OF THE SENATE.—It is the sense of the Sen-
ate that—
(1) Congress should enact policies that promote
savings vehicles for retirement that are simple, easily
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accessible and provide adequate financial security for
all the people of the United States;
(2) it is important to begin retirement saving as
early as possible to take full advantage of the power
of compound interest; and
(3) regularly contributing money to a finan-
cially-sound investment account is one important
method for helping to achieve one’s retirement goals.
SEC. 565. RENEWAL GRANTS FOR WOMEN’S BUSINESS CEN-
TERS.
(a) IN GENERAL.—Section 29 of the Small Business
Act (15 U.S.C. 656) is amended by adding at the end the
following:
‘‘(m) CONTINUED FUNDING FOR CENTERS.—
‘‘(1) IN GENERAL.—A nonprofit organization de-
scribed in paragraph (2) shall be eligible to receive,
subject to paragraph (3), a 3-year grant under this
subsection.
‘‘(2) APPLICABILITY.—A nonprofit organization
described in this paragraph is a nonprofit organiza-
tion that has received funding under subsection (b) or
(l).
‘‘(3) APPLICATION AND APPROVAL CRITERIA.—
‘‘(A) CRITERIA.—Subject to subparagraph
(B), the Administrator shall develop and publish
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criteria for the consideration and approval of
applications by nonprofit organizations under
this subsection.
‘‘(B) CONTENTS.—Except as otherwise pro-
vided in this subsection, the conditions for par-
ticipation in the grant program under this sub-
section shall be the same as the conditions for
participation in the program under subsection
(l), as in effect on the date of enactment of this
Act.
‘‘(C) NOTIFICATION.—Not later than 60
days after the date of the deadline to submit ap-
plications for each fiscal year, the Administrator
shall approve or deny any application under
this subsection and notify the applicant for each
such application.
‘‘(4) AWARD OF GRANTS.—
‘‘(A) IN
GENERAL.—Subject to the avail-
ability of appropriations, the Administrator
shall make a grant for the Federal share of the
cost of activities described in the application to
each applicant approved under this subsection.
‘‘(B) AMOUNT.—A grant under this sub-
section shall be for not more than $150,000, for
each year of that grant.
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‘‘(C) FEDERAL SHARE.—The Federal share
under this subsection shall be not more than 50
percent.
‘‘(D) PRIORITY.—In allocating funds made
available for grants under this section, the Ad-
ministrator shall give applications under this
subsection or subsection (l) priority over first-
time applications under subsection (b).
‘‘(5) RENEWAL.—
‘‘(A) IN
GENERAL.—The Administrator
may renew a grant under this subsection for ad-
ditional 3-year periods, if the nonprofit organi-
zation submits an application for such renewal
at such time, in such manner, and accompanied
by such information as the Administrator may
establish.
‘‘(B) UNLIMITED
RENEWALS.—There shall
be no limitation on the number of times a grant
may be renewed under subparagraph (A).
‘‘(n) PRIVACY REQUIREMENTS.—
‘‘(1) IN GENERAL.—A women’s business center
may not disclose the name, address, or telephone
number of any individual or small business concern
receiving assistance under this section without the
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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 con-
ducting a financial audit of a women’s business
center, but a disclosure under this subparagraph
shall be limited to the information necessary for
such audit.
‘‘(2) ADMINISTRATION USE OF INFORMATION.—
This subsection shall not—
‘‘(A) restrict Administration access to pro-
gram activity data; or
‘‘(B) prevent the Administration from using
client information (other than the information
described in subparagraph (A)) to conduct client
surveys.
‘‘(3) REGULATIONS.—The Administrator shall
issue regulations to establish standards for requiring
disclosures during a financial audit under paragraph
(1)(B).’’.