I
106TH CONGRESS
2D SESSION
H. R. 3843
To reauthorize programs to assist small business concerns, and for other
purposes.
IN THE HOUSE OF REPRESENTATIVES
MARCH 8, 2000
Mr. TALENT (for himself, Ms. VELA´ZQUEZ, Mrs. KELLY, Mr. DAVIS of Illi-
nois, Mr. HILL of Montana, Mr. PASCRELL, Mr. SWEENEY, Mrs. MCCAR-
THY of New York, Mrs. BONO, Mr. HINOJOSA, Mr. ENGLISH, Mrs.
CHRISTENSEN, Mr. BRADY
of Pennsylvania, Mr. MOORE, Mrs.
NAPOLITANO, Mrs. JONES of Ohio, Mr. BAIRD, and Mr. PHELPS) intro-
duced the following bill; which was referred to the Committee on Small
Business
A BILL
To reauthorize programs to assist small business concerns,
and for other purposes.
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 ‘‘Small Business Reau-
thorization Act of 2000’’.
SEC. 2. REAUTHORIZATION OF SMALL BUSINESS PRO-
GRAMS.
Section 20 of the Small Business Act (15 U.S.C. 631
note) is amended by adding at the end the following:
‘‘(g) FISCAL YEAR 2001.—
‘‘(1) PROGRAM
LEVELS.—The following pro-
gram levels are authorized for fiscal year 2001:
‘‘(A) For the programs authorized by this
Act, the Administration is authorized to
make—
‘‘(i) $50,000,000 in technical assist-
ance grants as provided in section 7(m);
and
‘‘(ii) $60,000,000 in direct loans, as
provided in 7(m).
‘‘(B) For the programs authorized by this
Act, the Administration is authorized to make
$19,200,000,000 in deferred participation loans
and other financings. Of such sum, the Admin-
istration is authorized to make—
‘‘(i) $14,500,000,000 in general busi-
ness loans as provided in section 7(a);
‘‘(ii) $4,000,000,000 in financings as
provided in section 7(a)(13) of this Act
and section 504 of the Small Business In-
vestment Act of 1958;
‘‘(iii) $500,000,000 in loans as pro-
vided in section 7(a)(21); and
‘‘(iv) $200,000,000 in loans as pro-
vided in section 7(m).
‘‘(C) For the programs authorized by title
III of the Small Business Investment Act of
1958, the Administration is authorized to
make—
‘‘(i) $2,500,000,000 in purchases of
participating securities; and
‘‘(ii) $1,500,000,000 in guarantees of
debentures.
‘‘(D) For the programs authorized by part
B of title IV of the Small Business Investment
Act of 1958, the Administration is authorized
to enter into guarantees not to exceed
$4,000,000,000 of which not more than
$650,000,000 may be in bonds approved pursu-
ant to section 411(a)(3) of that Act.
‘‘(E) The Administration is authorized to
make grants or enter cooperative agreements
for a total amount of $5,000,000 for the Serv-
ice Corps of Retired Executives program au-
thorized by section 8(b)(1).
‘‘(2) ADDITIONAL AUTHORIZATIONS.—
‘‘(A) There are authorized to be appro-
priated to the Administration for fiscal year
2001—
‘‘(i) $14,000,000 for the direct admin-
istration of the loan programs established
under sections 7(a) and 7(m) of this Act
and under title V of the Small Business
Investment Act of 1958; and
‘‘(ii) $10,000,000 for the salaries and
expenses of the Investment Division estab-
lished in title II of the Small Business In-
vestment Act of 1958.
‘‘(B) There are authorized to be appro-
priated to the Administration for fiscal year
2001 such sums as may be necessary to carry
out the provisions of this Act not elsewhere pro-
vided for, including administrative expenses and
necessary loan capital for disaster loans pursu-
ant to section 7(b), and to carry out title IV of
the Small Business Investment Act of 1958, in-
cluding salaries and expenses of the Adminis-
tration.
‘‘(C) Notwithstanding any other provision
of this paragraph, for fiscal year 2001—
‘‘(i) no funds are authorized to be
used as loan capital for the loan program
authorized by section 7(a)(21) except by
transfer from another Federal department
or agency to the Administration, unless the
program level authorized for general busi-
ness loans under paragraph (1)(B)(i) is
fully funded; and
‘‘(ii) the Administration may not ap-
prove loans on its own behalf or on behalf
of any other Federal department or agen-
cy, by contract or otherwise, under terms
and conditions other than those specifically
authorized under this Act or the Small
Business Investment Act of 1958, except
that it may approve loans under section
7(a)(21) of this Act in gross amounts of
not more than $1,250,000.
‘‘(h) FISCAL YEAR 2002.—
‘‘(1) PROGRAM
LEVELS.—The following pro-
gram levels are authorized for fiscal year 2002:
‘‘(A) For the programs authorized by this
Act, the Administration is authorized to
make—