I 
112TH CONGRESS 
1ST SESSION H. R. 2809 
To amend the Riegle Community Development and Regulatory Improvement 
Act of 1994 to improve the microenterprise technical assistance and 
capacity building grant program, to establish an Office of Youth Entre-
preneurship in the Small Business Administration, and for other pur-
poses. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 5, 2011 
Mr. RICHMOND introduced the following bill 
SEPTEMBER 6, 2011 
Referred to the Committee on Financial Services, and in addition to the Com-
mittees on Small Business, and Education and the Workforce, for a pe-
riod to be subsequently determined by the Speaker, in each case for con-
sideration of such provisions as fall within the jurisdiction of the com-
mittee concerned 
A BILL 
To amend the Riegle Community Development and Regu-
latory Improvement Act of 1994 to improve the microen-
terprise technical assistance and capacity building grant 
program, to establish an Office of Youth Entrepreneur-
ship in the Small Business Administration, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
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SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Microenterprise and 
Youth Entrepreneurship Development Act of 2011’’. 
SEC. 2. MICROENTERPRISE TECHNICAL ASSISTANCE AND 
CAPACITY BUILDING PROGRAM. 
(a) DEFINITIONS.—Section 172(5) of the Riegle 
Community Development and Regulatory Improvement 
Act of 1994 (15 U.S.C. 6901(5)) is amended— 
(1) in subparagraph (B) by striking ‘‘or’’ at the 
end; 
(2) in subparagraph (C) by striking the period 
at the end and inserting ‘‘; or’’; and 
(3) by adding at the end the following: 
‘‘(D) an entrepreneur that operates a busi-
ness or intends to operate a business in an in-
vestment area (as such term is defined in sec-
tion 103(16) of this Act).’’. 
(b) USES OF ASSISTANCE.—Section 174 of the Riegle 
Community Development and Regulatory Improvement 
Act of 1994 (15 U.S.C. 6903) is amended— 
(1) in paragraph (3) by striking ‘‘and’’ at the 
end; 
(2) by redesignating paragraph (4) as para-
graph (5); and 
(3) by inserting after paragraph (3) the fol-
lowing: 
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‘‘(4) to advertise in print, electronic, and other 
media the training and technical assistance provided 
under paragraph (1); and’’. 
(c) TARGETED ASSISTANCE.—Section 176(b) of the 
Riegle Community Development and Regulatory Improve-
ment Act of 1994 (15 U.S.C. 6905(b)) is amended by 
striking ‘‘50 percent’’ and inserting ‘‘60 percent’’. 
(d) MATCHING REQUIREMENTS.—Section 177(c) of 
the Riegle Community Development and Regulatory Im-
provement Act of 1994 (15 U.S.C. 6906(c)) is amended 
by adding at the end the following: 
‘‘(3) CONSIDERATION.—In determining whether 
to reduce or eliminate matching requirements under 
paragraph (1), the Administrator shall consider the 
impact of the economic crisis of 2007 through 2009 
on the geographic area in which an applicant oper-
ates.’’. 
(e) REPORT.—Not later than 180 days after the date 
of enactment of this Act, the Administrator of the Small 
Business Administration shall submit to the Committee on 
Small Business of the House of Representatives and the 
Committee on Small Business and Entrepreneurship of 
the Senate a report describing recommendations for im-
proving the application and grant making process of the 
microenterprise technical assistance and capacity building 
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grant program (carried out under subtitle C of title I of 
the Riegle Community Development and Regulatory Im-
provement Act of 1994), including recommendations, de-
veloped in consultation with stakeholders, for streamlining 
the application and grant making process of that program. 
(f) MICROENTERPRISE COORDINATOR.— 
(1) ESTABLISHMENT.—Not later than 1 year 
after the date of enactment of this Act, the Adminis-
trator shall establish in the Small Business Adminis-
tration the position of Microenterprise Coordinator. 
(2) DUTIES.—The Microenterprise Coordinator 
shall— 
(A) work to ensure that the contributions 
of microenterprises to the economy are maxi-
mized; 
(B) work to enhance, support, and coordi-
nate the programs of the Federal Government 
providing assistance to microenterprises, includ-
ing Federal technical assistance programs; 
(C) work to ensure that underserved entre-
preneurs are included in the programs of the 
Federal Government providing assistance to 
microenterprises; 
(D) make available to the public annually 
a comprehensive list and description of each 
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Federal program that provides assistance to 
microenterprises; and 
(E) encourage public-private partnerships 
that support entrepreneurship. 
(3) MICROENTERPRISE DEFINED.—In this sub-
section, the term ‘‘microenterprise’’ has the meaning 
given that term in section 172(10) of the Riegle 
Community Development and Regulatory Improve-
ment Act of 1994 (15 U.S.C. 6901(10)). 
SEC. 3. OFFICE OF YOUTH ENTREPRENEURSHIP. 
(a) ESTABLISHMENT.—Not later than 1 year after 
the date of enactment of this Act, the Administrator of 
the Small Business Administration shall establish an Of-
fice of Youth Entrepreneurship (in this section referred 
to as the ‘‘Office’’) in the Small Business Administration. 
(b) DIRECTOR.—The Administrator shall appoint a 
Director of Youth Entrepreneurship (in this section re-
ferred to as the ‘‘Director’’) to serve as the head of the 
Office. 
(c) DUTIES.—The Director shall— 
(1) carry out the youth entrepreneurship tech-
nical assistance grant program described in sub-
section (d); 
(2) carry out the youth entrepreneurship cur-
riculum grant program described in subsection (e); 
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(3) promote the growth of youth entrepreneur-
ship by establishing public-private partnerships and 
carrying out advertising campaigns; 
(4) sponsor and support State and national 
youth entrepreneurship competitions that raise 
awareness of the importance of small business devel-
opment; 
(5) study and promote Federal activities that 
support entrepreneurship education; and 
(6) support the establishment of public and pri-
vate youth entrepreneurship education and men-
toring opportunities. 
(d) YOUTH ENTREPRENEURSHIP TECHNICAL AS-
SISTANCE GRANT PROGRAM.—The Director shall estab-
lish a program under which the Director may make grants 
to assist entities, including nonprofit microenterprise de-
velopment organizations, to provide individuals under 25 
years of age with technical assistance related to entrepre-
neurship. 
(e) 
YOUTH
ENTREPRENEURSHIP
CURRICULUM 
GRANT PROGRAM.— 
(1) IN GENERAL.—The Director shall establish 
a program under which the Director may make 
grants to a covered entity to assist the development, 
improvement, or implementation of a youth entre-
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preneurship curriculum that includes information on 
the topics of— 
(A) securing capital and borrowing; 
(B) business plan conception and drafting; 
(C) accounting; 
(D) management; and 
(E) marketing. 
(2) APPLICATION PROCESS.—To be eligible for 
a grant described in paragraph (1), a covered entity 
shall submit to the Director an application at such 
time, in such manner, and containing such informa-
tion as the Director may require, except that the ap-
plication shall include at least— 
(A) a description of the curriculum to be 
developed, improved, or implemented; 
(B) a description of how grant funds will 
be used; 
(C) a description of goals relating to the 
use of grant funds and the curriculum to be de-
veloped, improved, or implemented; and 
(D) a description of how progress will be 
measured with respect to the goals described in 
subparagraph (C). 
(3) COVERED ENTITY DEFINED.—In this sub-
section, the term ‘‘covered entity’’ means a local 
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educational agency in any of the several States, the 
District of Columbia, or a territory or possession of 
the United States and a local educational agency of 
a federally recognized Indian tribe. 
(f) INVESTMENT AREAS.— 
(1) IN GENERAL.—The Director shall ensure 
that at least 25 percent of the amounts made avail-
able to carry out the Office each fiscal year are used 
to assist youth in investment areas. 
(2) INVESTMENT AREA DEFINED.—In this sub-
section, the term ‘‘investment area’’ has the meaning 
given that term in section 103(16) of the Riegle 
Community Development and Regulatory Improve-
ment Act of 1994 (12 U.S.C. 4702(16)). 
(g) STUDENT LOAN ASSISTANCE.—Not later than 
180 days after the date of enactment of this Act, the Di-
rector, in consultation with the Secretary of Education, 
shall submit to Congress a report that includes detailed 
recommendations for legislation— 
(1) establishing a program to forgive student 
loans in a manner that assists youth entrepreneur-
ship by making available capital for business forma-
tion; and 
(2) establishing a program to defer student loan 
repayments in a manner that assists youth entrepre-
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neurship by making available capital for business 
formation. 
SEC. 4. GAO STUDY AND REPORT. 
(a) STUDY.—The Comptroller General of the United 
States shall conduct a study on— 
(1) the economic impact of allowing youth en-
trepreneurs to defer student loan repayments to 
make available capital for business formation; 
(2) the economic impact of increasing the par-
ticipation of individuals under 25 years of age in the 
microloan program of the Small Business Adminis-
tration (carried out under section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)), notwithstanding 
the limited collateral and formal business experience 
of such individuals; 
(3) alternative methods for measuring credit-
worthiness that may assist youth entrepreneurship; 
and 
(4) actions Congress should consider to promote 
youth entrepreneurship. 
(b) REPORT.—Not later than 180 days after the date 
of enactment of this Act, the Comptroller General shall 
submit to the Committee on Small Business of the House 
of Representatives and the Committee on Small Business 
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and Entrepreneurship of the Senate a report on the re-
sults of the study conducted under subsection (a). 
Æ 
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