I 
112TH CONGRESS 
1ST SESSION H. R. 2807 
To transfer unobligated and repaid funds from the Small Business Lending 
Fund Program to the Community Development Financial Institutions 
Fund to continue the program of making capital investments in eligible 
community development financial institutions in order to increase the 
availability of credit for small businesses, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
AUGUST 5, 2011 
Mr. RICHMOND (for himself and Ms. CLARKE of New York) introduced the 
following bill; which was referred to the Committee on Financial Services 
A BILL 
To transfer unobligated and repaid funds from the Small 
Business Lending Fund Program to the Community De-
velopment Financial Institutions Fund to continue the 
program of making capital investments in eligible com-
munity development financial institutions in order to in-
crease the availability of credit for small businesses, 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 Lend-
ing to Entrepreneurs for Growth in Underserved Popu-
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lations Act of 2011’’ or the ‘‘Small Business Leg-Up Act 
of 2011’’. 
SEC. 2. FINDINGS. 
The Congress finds the following: 
(1) Families and small businesses in under- 
served areas have for generations been unable to ac-
cess affordable credit. 
(2) The financial crisis of 2008 only served to 
exacerbate efforts by entrepreneurs to access capital 
for the purpose of creating jobs and improving eco-
nomic outcomes in the community. 
(3) Small business investments revitalize com-
munities by creating jobs but also contributing to 
the local tax base, which helps finance investments 
in schools, hospitals, infrastructure, and public safe-
ty. 
(4) The Community Development Financial In-
stitutions Fund is well placed to make careful, tar-
geted investments in community development finan-
cial institutions for the purposes of improving eco-
nomic outcomes for underserved families across 
America. 
(5) Providing the Community Development Fi-
nancial Institutions Fund with a robust capital infu-
sion will make efficient use of taxpayer dollars, by 
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leveraging Federal investment for the purpose of 
small business lending. 
SEC. 3. TRANSFER OF FUNDS FROM SMALL BUSINESS 
LENDING FUND TO THE CDFI FUND. 
(a) UNOBLIGATED FUNDS.—On the date of the expi-
ration of the investment authority described under section 
4109(a) of the Small Business Jobs Act of 2010, the Sec-
retary shall transfer all unobligated funds in the Small 
Business Lending Fund to the Community Development 
Financial Institutions Fund. 
(b) PROCEEDS.—Section 4103(b)(3) of the Small 
Business Jobs Act of 2010 is amended to read as follows: 
‘‘(3) 
PROCEEDS
TRANSFERRED
TO
CDFI 
FUND.—All funds received by the Secretary in con-
nection with purchases made pursuant to paragraph 
(1), including principal, interest payments, dividend 
payments, and proceeds from the sale of any finan-
cial instrument, shall be transferred to the Commu-
nity Development Financial Institutions Fund.’’. 
SEC. 4. SMALL BUSINESS CAPITAL INVESTMENT PROGRAM. 
(a) IN GENERAL.—The Riegle Community Develop-
ment and Regulatory Improvement Act of 1994 is amend-
ed by adding after section 108 the following new section: 
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‘‘SEC. 108A. SMALL BUSINESS CAPITAL INVESTMENT PRO-
GRAM TO INCREASE CREDIT AVAILABILITY 
FOR SMALL BUSINESSES. 
‘‘(a) SMALL
BUSINESS
REVOLVING
LOAN
PRO-
GRAM.— 
‘‘(1) IN GENERAL.—Using amounts described 
under subsection (b), the Administrator shall carry 
out a Small Business Capital Investment Program 
(‘Program’) to make capital investments in eligible 
community development financial institutions in 
order to increase the availability of credit for small 
businesses. 
‘‘(2) STRUCTURE OF THE PROGRAM.—To the 
extent practicable, the Administrator shall carry out 
the Program in the same manner as the Small Busi-
ness Lending Fund Program authorized under sec-
tion 4103(a)(2) of the Small Business Jobs Act of 
2010, except that— 
‘‘(A) all funds received by the Adminis-
trator in connection with purchases made under 
the Program, including principal, interest pay-
ments, dividend payments, and proceeds from 
the sale of any financial instrument, shall be 
deposited into the Fund; 
‘‘(B) eligible community development fi-
nancial institutions may apply to receive a cap-
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ital investment from the Fund in an amount 
not exceeding 10 percent of total assets, or such 
other percentage as the Administrator deter-
mines to be appropriate; and 
‘‘(C) the authority to make capital invest-
ments in eligible community development finan-
cial institutions shall continue so long as 
amounts described under subsection (b) are 
available to make such investments. 
‘‘(b) FUNDING.— 
‘‘(1) IN GENERAL.—Notwithstanding any other 
provision of this Act, amounts deposited into the 
Fund pursuant to section 4(a) of the Small Business 
Leg-Up Act of 2011, section 4103(b)(3) of the 
Small Business Jobs Act of 2010, or subsection 
(a)(2)(A) shall only be available to carry out the 
Program established under subsection (a). 
‘‘(2) ADMINISTRATION
COSTS.—Interest pay-
ments received under subsection (a)(2)(A) may be 
used to pay for the administrative costs of carrying 
out the Program. 
‘‘(3) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated to the Ad-
ministrator $4,000,000 to carry out the Program. 
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‘‘(c) RULEMAKING.—The Administrator may issue 
such regulations as the Administrator determines to be ap-
propriate to carry out this section. 
‘‘(d) ELIGIBLE COMMUNITY DEVELOPMENT FINAN-
CIAL INSTITUTION DEFINED .—For purposes of this sec-
tion, the term ‘eligible community development financial 
institution’ means a community development financial in-
stitution with assets of $10,000,000,000 or less, as re-
ported in audited financial statements.’’. 
(b) TECHNICAL AMENDMENT.—The table of contents 
for the Riegle Community Development and Regulatory 
Improvement Act of 1994 is amended by inserting after 
the item relating to section 108 the following new item: 
‘‘108A. Small Business Capital Investment Program to increase credit avail-
ability for small businesses.’’. 
Æ 
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