partnerships with the Hollings Manufacturing Extension 
Partnership Program of the National Institute of Stand-
ards and Technology and its affiliated centers to facilitate 
outreach to small manufacturers in providing training and 
guidance with respect to the application process for loans 
guaranteed by the Administration. 
SEC. 4. DEVELOPMENT COMPANY DEBENTURES. 
(a) AMOUNT OF GUARANTEED DEBENTURE.—Sec-
tion 503(a) of the Small Business Investment Act of 1958 
(15 U.S.C. 697(a)) is amended by adding at the end the 
following: 
‘‘(5)(A) Any debenture issued by a State or local de-
velopment company to a small manufacturer (as defined 
in section 501(e)(6)) with respect to which a guarantee 
is made under this subsection shall be in an amount equal 
to not more than 50 percent of the cost of the project 
with respect to which such debenture is issued. 
‘‘(B) Subparagraph (A) shall not apply to debentures 
issued during a fiscal year if— 
‘‘(i) the cost to the Federal Government of 
making guarantees under this section is above zero; 
and 
‘‘(ii) the Administrator submits to Congress— 
‘‘(I) notice regarding the determination of 
cost described in clause (i); and 
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‘‘(II) a detailed discussion indicating why 
not implementing subparagraph (A) will cause 
the cost to the Federal Government of making 
guarantees under this section to be not more 
than zero.’’. 
(b) STARTUP
SMALL
MANUFACTURERS.—Section 
502(3)(C)(i) of the Small Business Investment Act of 
1958 (15 U.S.C. 696(3)(C)(i)) is amended by inserting 
‘‘is not a small manufacturer (as defined in section 
501(e)(6)) and’’ after ‘‘small business concern’’. 
SEC. 5. FEDERAL LOAN GUARANTEES FOR INNOVATIVE 
TECHNOLOGIES IN MANUFACTURING. 
(a) TRANSFER OF EXISTING PROGRAM.—The Ste-
venson-Wydler Technology Innovation Act of 1980 (15 
U.S.C. 3701 et seq.) is amended— 
(1) by striking section 26 (15 U.S.C. 3721); 
and 
(2) by redesignating sections 27 and 28 (15 
U.S.C. 3722 and 3723) as sections 26 and 27, re-
spectively. 
(b) AUTHORITY OF SBA.— 
(1) DEFINITIONS.—In this subsection— 
(A) the term ‘‘Administrator’’ means the 
Administrator of the Small Business Adminis-
tration; 
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(B) the term ‘‘business loan programs of 
the Administration’’ means the programs under 
section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) and title V of the Small Busi-
ness Investment Act of 1958 (15 U.S.C. 695 et 
seq.); and 
(C) the term ‘‘small manufacturer’’ means 
a 
business 
concern 
described 
in 
section 
7(a)(2)(F)(i) of the Small Business Act, as 
amended by this Act. 
(2) AUTHORIZATION.—To the extent the Ad-
ministrator determines that the assistance available 
to small manufacturers under section 26 of the Ste-
venson-Wydler Technology Innovation Act of 1980 
(15 U.S.C. 3721), as in effect on the day before the 
date of enactment of this Act, is not available under 
the business loan programs of the Administration, 
the Administrator shall ensure that the business 
loan programs of the Administration provide ade-
quate support for innovative technologies in manu-
facturing. 
(3) REPORTING.—The Administrator shall sub-
mit to the Committee on Small Business and Entre-
preneurship of the Senate and the Committee on 
Small Business of the House of Representatives a 
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report regarding any determination or activity of the 
Administrator under paragraph (2). 
(c) SAVINGS CLAUSE.—Any loan guarantee issued 
under section 26 of the Stevenson-Wydler Technology In-
novation Act of 1980 (15 U.S.C. 3721), as in effect on 
the day before the date of enactment of this Act, shall 
remain in full force and effect under the terms, and for 
the duration, of the loan guarantee agreement. 
Æ 
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