TASK DEFINITION: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tiffany Joslyn Juvenile 
Accountability Block Grant Program Reauthorization Act of 2016''.

SEC. 2. REAUTHORIZATION OF JUVENILE ACCOUNTABILITY BLOCK GRANT PROGRAM.

    Part R of title I of the Omnibus Crime Control and Safe Streets Act 
of 1968 (42 U.S.C. 3796ee et seq.) is amended--
            (1) in section 1801(b)--
                    (A) in paragraph (1), by striking ``graduated 
                sanctions'' and inserting ``graduated sanctions and 
                incentives''; and
                    (B) in paragraph (3), by striking ``hiring juvenile 
                court judges, probation officers, and court-appointed 
                defenders and special advocates, and'';
                    (C) by striking paragraphs (4) and (7), and 
                redesignating paragraphs (5) through (17) as paragraphs 
                (4) through (15), respectively; and
                    (D) in paragraph (11), as so redesignated, by 
                striking ``research-based bullying, cyberbullying, and 
                gang prevention programs'' and inserting 
                ``interventions such as researched-based anti-bullying, 
                anti-cyberbullying, and gang prevention programs, as 
                well as mental health services and trauma-informed 
                practices'';
            (2) in section 1802--
                    (A) in subsection (d)(3), by inserting after 
                ``individualized sanctions'' the following: ``, 
                incentives,'';
                    (B) in subsection (e)(1)(B), by striking 
                ``graduated sanctions'' and inserting ``graduated 
                sanctions and incentives''; and
                    (C) in subsection (f)--
                            (i) in paragraph (2)--
                                    (I) by inserting after ``A sanction 
                                may include'' the following: ``a range 
                                of court-approved interventions, such 
                                as''; and
                                    (II) by inserting after ``a fine,'' 
                                the following: ``a restorative justice 
                                program,''; and
                            (ii) by inserting after paragraph (2) the 
                        following:
            ``(3) Incentives.--The term `incentives' means 
        individualized, goal-oriented, and graduated responses to a 
        juvenile offender's compliance with court orders and case 
        disposition terms designed to reinforce or modify the skills 
        and behaviors of the juvenile offender. An incentive may 
        include a certificate of achievement, a letter of 
        recommendation, a family or program activity, a meeting or 
        special outing with a community leader, a reduction in 
        community service hours, a reduced curfew or home-restriction, 
        a decrease in required court appearances, or a decrease in the 
        term of court-ordered supervision.'';
            (3) in section 1810(a), by striking ``$350,000,000 for each 
        of fiscal years 2006 through 2009'' and inserting ``$25,000,000 
        for each of fiscal years 2018 through 2022''; and
            (4) by adding at the end the following:

``SEC. 1811. GRANT ACCOUNTABILITY.

    ``(a) Definition of Applicable Committees.--In this section, the 
term `applicable committees' means--
            ``(1) the Committee on the Judiciary of the Senate; and
            ``(2) the Committee on the Judiciary of the House of 
        Representatives.
    ``(b) Accountability.--All grants awarded by the Attorney General 
under this part shall be subject to the following accountability 
provisions:
            ``(1) Audit requirement.--
                    ``(A) Definition.--In this paragraph, the term 
                `unresolved audit finding' means a finding in the final 
                audit report of the Inspector General of the Department 
                of Justice that the audited grantee has utilized grant 
                funds for an unauthorized expenditure or otherwise 
                unallowable cost that is not closed or resolved within 
                12 months after the date on which the final audit 
                report is issued.
                    ``(B) Audit.--Beginning in the first fiscal year 
                beginning after the date of enactment of this section, 
                and in each fiscal year thereafter, the Inspector 
                General of the Department of Justice shall conduct 
                audits of recipients of grants awarded by the Attorney 
                General under this part to prevent waste, fraud, and 
                abuse of funds by grantees. The Inspector General shall 
                determine the appropriate number of grantees to be 
                audited each year.
                    ``(C) Mandatory exclusion.--A recipient of grant 
                funds under this part that is found to have an 
                unresolved audit finding shall not be eligible to 
                receive grant funds under this part during the first 2 
                fiscal years beginning after the end of the 12-month 
                period described in subparagraph (A).
                    ``(D) Priority.--In awarding grants under this 
                part, the Attorney General shall give priority to 
                eligible applicants that did not have an unresolved 
                audit finding during the 3 fiscal years before 
                submitting an application for a grant under this part.
                    ``(E) Reimbursement.--If an entity is awarded grant 
                funds under this part during the 2-fiscal-year period 
                during which the entity is barred from receiving grants 
                under subparagraph (C), the Attorney General shall--
                            ``(i) deposit an amount equal to the amount 
                        of the grant funds that were improperly awarded 
                        to the grantee into the General Fund of the 
                        Treasury; and
                            ``(ii) seek to recoup the costs of the 
                        repayment to the fund from the grant recipient 
                        that was erroneously awarded grant funds.
            ``(2) Annual certification.--Beginning in the first fiscal 
        year beginning after the date of enactment of this section, the 
        Attorney General shall submit to the applicable committees an 
        annual certification--
                    ``(A) indicating whether--
                            ``(i) all audits issued by the Inspector 
                        General of the Department of Justice under 
                        paragraph (1) have been completed and reviewed 
                        by the appropriate Assistant Attorney General 
                        or Director;
                            ``(ii) all mandatory exclusions required 
                        under paragraph (1)(C) have been issued; and
                            ``(iii) all reimbursements required under 
                        paragraph (1)(E) have been made; and
                    ``(B) that includes a list of any grant recipients 
                excluded under paragraph (1) from the previous year.
    ``(c) Preventing Duplicative Grants.--
            ``(1) In general.--Before the Attorney General awards a 
        grant to an applicant under this part, the Attorney General 
        shall compare potential grant awards with other grants awarded 
        under this part by the Attorney General to determine if 
        duplicate grant awards are awarded for the same purpose.
            ``(2) Report.--If the Attorney General awards duplicate 
        grants under this part to the same applicant for the same 
        purpose, the Attorney General shall submit to the applicable 
        committees a report that includes--
                    ``(A) a list of all duplicate grants awarded under 
                this part, including the total dollar amount of any 
                duplicate grants awarded; and
                    ``(B) the reason the Attorney General awarded the 
                duplicate grants.''.

SEC. 3. SENSE OF CONGRESS.

    It is the sense of the Congress that the use of best practices is 
encouraged for all activities for which grants under part R of title I 
of the Omnibus Crime Control and Safe Streets Act of 1968 may be used.

SEC. 4. USE OF AMOUNTS MADE AVAILABLE FOR DEPARTMENT OF JUSTICE, 
              GENERAL ADMINISTRATION TO CARRY OUT JUVENILE 
              ACCOUNTABILITY BLOCK GRANT PROGRAM.

    In each of fiscal years 2018 through 2022, the Attorney General 
shall use up to $25,000,000 of the amounts made available for 
Department of Justice, General Administration, to carry out part R of 
title I of the Omnibus Crime Control and Safe Streets Act of 1968 (42 
U.S.C. 3796ee et seq.).
            Amend the title so as to read: ``A bill to amend the 
        Omnibus Crime Control and Safe Streets Act of 1968 to 
        reauthorize the Juvenile Accountability Block Grant program, 
        and for other purposes.''.

SOLUTION: Tiffany Joslyn Juvenile Accountability Block Grant Program Reauthorization Act of 2016  (Sec. 2) This bill amends the Omnibus Crime Control and Safe Streets Act of 1968 to revise and reauthorize through FY2022 the Juvenile Accountability Block Grant (JABG) Program. It subjects JABG grants to accountability measures. The Department of Justice's (DOJ's) Office of Inspector General must conduct annual audits of selected grant recipients. DOJ must submit an annual certification to Congress and identify and report on duplicative grant awards. (Sec. 3) The bill expresses the sense of Congress that the use of best practices is encouraged for activities carried out with JABG funds. (Sec. 4) DOJ must use amounts made available for general administration to carry out the JABG Program.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Equitable Treatment of Investors 
Act''.

SEC. 2. SECURITIES INVESTOR PROTECTION ACT OF 1970 AMENDMENTS.

    (a) Net Equity Based on Last Statement.--Section 16(11) of the 
Securities Investor Protection Act of 1970 (15 U.S.C. 78lll(11)) is 
amended to read as follows:
            ``(11) Net equity.--
                    ``(A) In general.--The term `net equity' means the 
                dollar amount of the account or accounts of a customer, 
                to be determined by--
                            ``(i) calculating the sum which would have 
                        been owed by the debtor to such customer if the 
                        debtor had liquidated, by sale or purchase on 
                        the filing date--
                                    ``(I) all securities positions of 
                                such customer (other than customer name 
                                securities reclaimed by such customer); 
                                and
                                    ``(II) all positions in futures 
                                contracts and options on futures 
                                contracts held in a portfolio margining 
                                account carried as a securities account 
                                pursuant to a portfolio margining 
                                program approved by the Commission, 
                                including all property collateralizing 
                                such positions, to the extent that such 
                                property is not otherwise included 
                                herein; minus
                            ``(ii) any indebtedness of such customer to 
                        the debtor on the filing date; plus
                            ``(iii) any payment by such customer of 
                        such indebtedness to the debtor which is made 
                        with the approval of the trustee and within 
                        such period as the trustee may determine (but 
                        in no event more than sixty days after the 
                        publication of notice under section 8(a)).
                    ``(B) Treatment of certain commodity futures 
                contracts.--A claim for a commodity futures contract 
                received, acquired, or held in a portfolio margining 
                account pursuant to a portfolio margining program 
                approved by the Commission or a claim for a security 
                futures contract, shall be deemed to be a claim with 
                respect to such contract as of the filing date, and 
                such claim shall be treated as a claim for cash.
                    ``(C) Treatment of accounts held by a customer in 
                separate capacities.--In determining net equity under 
                this paragraph, accounts held by a customer in separate 
                capacities shall be deemed to be accounts of separate 
                customers.
                    ``(D) Reliance on final customer statement.--
                            ``(i) In general.--In determining net 
                        equity under this paragraph, the positions, 
                        options, and contracts of a customer held by 
                        the debtor, and any indebtedness of the 
                        customer to the debtor, shall be determined 
                        based on--
                                    ``(I) the information contained in 
                                the last statement received by the 
                                customer from the debtor before the 
                                filing date; and
                                    ``(II) any additional specific 
                                confirmations of the customer's 
                                positions, options, contracts, or 
                                indebtedness received after such last 
                                statement but before the filing date.
                            ``(ii) Fraud exception.--The provisions of 
                        this subparagraph shall not apply to any 
                        customer that--
                                    ``(I) knew the debtor was involved 
                                in fraudulent activity with respect to 
                                any customer of the debtor; or
                                    ``(II) was a person that--
                                            ``(aa) was, or was required 
                                        to be, registered with the 
                                        Securities and Exchange 
                                        Commission under the securities 
                                        laws (as such term is defined 
                                        under section 3(a) of the 
                                        Securities Exchange Act of 1934 
                                        (15 U.S.C. 78c(a)));
                                            ``(bb) knew, or should have 
                                        known, that the debtor was 
                                        involved in fraudulent activity 
                                        with respect to any customer of 
                                        the debtor; and
                                            ``(cc) did not notify SIPC, 
                                        the Commission, or law 
                                        enforcement personnel that the 
                                        debtor was involved in such 
                                        fraudulent activity.''.
    (b) Prohibition on Certain Recoveries.--Section 8 of the Securities 
Investor Protection Act of 1970 (15 U.S.C. 78fff-2) is amended by 
adding at the end the following new subsection:
    ``(g) Prohibition on Certain Recoveries.--Notwithstanding any other 
provision of this Act, a trustee may not recover any property 
transferred by the debtor to a customer before the filing date unless, 
at the time of such transfer, such customer--
            ``(1) knew the debtor was involved in fraudulent activity 
        with respect to any customer of the debtor; or
            ``(2) was a person that--
                    ``(A) was, or was required to be, registered with 
                the Securities and Exchange Commission under the 
                securities laws (as such term is defined under section 
                3(a) of the Securities Exchange Act of 1934 (15 U.S.C. 
                78c(a)));
                    ``(B) knew, or should have known, that the debtor 
                was involved in fraudulent activity with respect to any 
                customer of the debtor; and
                    ``(C) did not notify SIPC, the Commission, or law 
                enforcement personnel that the debtor was involved in 
                such fraudulent activity.''.
    (c) Appointment of Trustees.--
            (1) In general.--Section 5(b)(3) of the Securities Investor 
        Protection Act of 1970 (15 U.S.C. 78eee(b)(3)) is amended to 
        read as follows:
            ``(3) Appointment of trustee and attorney.--
                    ``(A) In general.--If the court issues a protective 
                decree under paragraph (1), such court shall forthwith 
                appoint, as trustee for the liquidation of the business 
                of the debtor and as attorney for the trustee, such 
                persons as the court determines best fit to serve as 
                trustee and as attorney from among the persons selected 
                by the Commission pursuant to subparagraph (B). The 
                persons appointed as trustee and as attorney for the 
                trustee may be associated with the same firm.
                    ``(B) Commission candidates.--With respect to a 
                debtor and upon the court issuing a protective decree 
                under paragraph (1), the Commission shall forthwith 
                provide the court with a list of candidates for the 
                position of trustee and attorney for the trustee for 
                such debtor.
                    ``(C) Disinterest requirement.--No person may be 
                appointed to serve as trustee or attorney for the 
                trustee if such person is not disinterested within the 
                meaning of paragraph (6), except that for any specified 
                purpose other than to represent a trustee in conducting 
                a liquidation proceeding, the trustee may, with the 
                approval of SIPC and the court, employ an attorney who 
                is not disinterested.
                    ``(D) Qualification.--A trustee appointed under 
                this paragraph shall qualify by filing a bond in the 
                manner prescribed by section 322 of title 11, United 
                States Code.''.
            (2) Effective date.--The amendment made by paragraph (1) 
        shall take effect with respect to trustees and attorneys 
        appointed after the date of the enactment of this Act.

SEC. 3. EFFECTIVE DATE.

    Except as provided under section 2(c)(2), the amendments made by 
section 2 shall take effect with respect to a liquidation proceeding 
under the Securities Investor Protection Act of 1970 that--
            (1) was in progress on the date of the enactment of this 
        Act; or
            (2) is initiated after the date of the enactment of this 
        Act.

SOLUTION: Equitable Treatment of Investors Act - Amends the Securities Investor Protection Act of 1970 to revise the definition of "net equity."

Declares also that, in determining net equity, the positions, options, and contracts of a customer held by the debtor, and any indebtedness of the customer to the debtor, shall be determined based on: (1) the information contained in the last statement received by the customer from the debtor before the filing date; and (2) any additional specific confirmations of the customer's positions, options, contracts, or indebtedness received after such last statement but before the filing date.

Prohibits reliance on the final statement of the debtor to customer, however, if the customer: (1) knew the debtor was involved in fraudulent activity with respect to any of its customers; or (2) as a registrant under the securities laws, or a person required to be so registered, knew, or should have known, that the debtor was involved in such a fraudulent activity and did not notify the Securities Investor Protection Corporation (SIPC), the Securities Exchange Commission (SEC), or law enforcement personnel that the debtor was so involved.

Prohibits a trustee in a liquidation proceeding from recovering any property transferred by the debtor to a customer before the filing date unless, at the time of such transfer, the customer meets the same critieria.

Transfers from SIPC to the SEC authority to nominate to a court persons for appointment as trustee for the liquidation of a debtor's business and as attorney for the trustee.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Access to Capital Act 
of 2014''.

SEC. 2. NEW TRANCHES OF CAPITAL FOR SUCCESSFUL STATE PROGRAMS.

    Section 3003 of the Small Business Jobs Act of 2010 (12 U.S.C. 
5702) is amended by adding at the end the following:
    ``(d) Additional Allocation and Competitive Awards.--
            ``(1) Definitions.--In this subsection--
                    ``(A) the term `eligible participating State' means 
                a participating State that has certified to the 
                Secretary that the State has expended, transferred, or 
                obligated not less than 80 percent of the second \1/3\ 
                of the 2010 allocation transferred to the State under 
                subsection (c)(1)(A)(iii); and
                    ``(B) the term `unused funds' means--
                            ``(i) amounts made available to the 
                        Secretary under clause (i)(II) or (ii)(II) of 
                        paragraph (2)(E); and
                            ``(ii) amounts made available to the 
                        Secretary under paragraph (4)(B)(ii).
            ``(2) Allocation for 2010 participating states.--
                    ``(A) Allocation.--Of the amount made available 
                under paragraph (6)(D), the Secretary shall allocate a 
                total of $500,000,000 among eligible participating 
                States in the same ratio as funds were allocated under 
                the 2010 allocation under subsection (b)(1) among 
                participating States.
                    ``(B) Application.--An eligible participating State 
                desiring to receive funds allocated under this 
                paragraph shall submit an application--
                            ``(i) not later than the later of--
                                    ``(I) June 30, 2015; or
                                    ``(II) the date that is 6 months 
                                after the date of enactment of the 
                                Small Business Access to Capital Act of 
                                2014; and
                            ``(ii) in such manner and containing such 
                        information as the Secretary may require.
                    ``(C) Availability of allocated amount.--
                Notwithstanding subsection (c)(1), after an eligible 
                participating State approved by the Secretary to 
                receive an allocation under this paragraph has 
                certified to the Secretary that the eligible 
                participating State has expended, transferred, or 
                obligated not less than 80 percent of the last \1/3\ of 
                the 2010 allocation to the eligible participating 
                State, the Secretary shall transfer to the eligible 
                participating State the funds allocated to the eligible 
                participating State under this paragraph.
                    ``(D) Use of transferred funds.--An eligible 
                participating State may use funds transferred under 
                this paragraph for any purpose authorized under 
                subparagraph (A) or (B) of subsection (c)(3).
                    ``(E) Termination of availability of amounts.--
                            ``(i) In general.--If an eligible 
                        participating State has not certified to the 
                        Secretary that the State has expended, 
                        transferred, or obligated not less than 80 
                        percent of the last \1/3\ of the 2010 
                        allocation as of the date that is 2 years after 
                        the date on which the Secretary approves the 
                        eligible participating State to receive an 
                        allocation under this paragraph, any amounts 
                        allocated to the eligible participating State 
                        under this paragraph--
                                    ``(I) may not be transferred to the 
                                eligible participating State under this 
                                paragraph; and
                                    ``(II) shall be available to the 
                                Secretary to make awards under 
                                paragraph (4).
                            ``(ii) Other amounts.--Effective on the 
                        date that is 2 years after the date of 
                        enactment of the Small Business Access to 
                        Capital Act of 2014, any amounts allocated 
                        under this paragraph to a participating State 
                        that, as of such date, is not an eligible 
                        participating State or to an eligible 
                        participating State that did not submit an 
                        application under subparagraph (B) or was not 
                        approved by the Secretary to receive an 
                        allocation under this paragraph--
                                    ``(I) may not be transferred to an 
                                eligible participating State under this 
                                paragraph; and
                                    ``(II) shall be available to the 
                                Secretary to make awards under 
                                paragraph (4).
            ``(3) Competitive funding.--
                    ``(A) In general.--Of the amount made available 
                under paragraph (6)(D), the Secretary may award, on a 
                competitive basis, not more than a total of 
                $1,000,000,000 to participating States and consortiums 
                of participating States for use for any purpose 
                authorized under subparagraph (A) or (B) of subsection 
                (c)(3).
                    ``(B) Application.--
                            ``(i) In general.--A participating State or 
                        consortium of participating States desiring to 
                        receive an award under this paragraph shall 
                        submit an application--
                                    ``(I) not later than the date 
                                established by the Secretary, which 
                                shall be not later than the date that 
                                is 1 year after the date of enactment 
                                of the Small Business Access to Capital 
                                Act of 2014; and
                                    ``(II) in such manner and 
                                containing such information as the 
                                Secretary may require.
                            ``(ii) Number of applications.--A 
                        participating State may submit not more than 1 
                        application on behalf of the participating 
                        State and not more than 1 application as part 
                        of a consortium of participating States.
                            ``(iii) States that did not participate.--A 
                        State that is not a participating State may 
                        apply to the Secretary for approval to be a 
                        participating State for purposes of this 
                        paragraph and paragraph (4), in accordance with 
                        section 3004.
                    ``(C) Factors.--In determining whether to make an 
                award to a participating State or consortium of 
                participating States under this paragraph, the 
                Secretary shall consider--
                            ``(i) how the participating State or 
                        consortium of participating States plan to use 
                        amounts provided under the award under the 
                        approved State program to--
                                    ``(I) leverage private sector 
                                capital;
                                    ``(II) create and retain jobs 
                                during the 2-year period beginning on 
                                the date of the award;
                                    ``(III) serve businesses that have 
                                been incorporated or in operation for 
                                not more than 5 years; and
                                    ``(IV) serve low-or-moderate-income 
                                communities;
                            ``(ii) the extent to which the 
                        participating State or consortium of 
                        participating States will establish or continue 
                        a robust self-evaluation of the activities of 
                        the participating State or consortium of 
                        participating States using amounts made 
                        available under this title;
                            ``(iii) the extent to which the 
                        participating State or consortium of 
                        participating States will provide non-Federal 
                        funds in excess of the amount required under 
                        subparagraph (E); and
                            ``(iv) the extent to which the 
                        participating State expended, obligated, or 
                        transferred the 2010 allocation to the State.
                    ``(D) Award of funds.--
                            ``(i) First tranche.--Notwithstanding 
                        subsection (c)(1), and not later than 30 days 
                        after making an award under this paragraph to a 
                        participating State or consortium of 
                        participating States, the Secretary shall 
                        transfer 50 percent of the amount of the award 
                        to the participating State or consortium of 
                        participating States.
                            ``(ii) Second tranche.--After a 
                        participating State or consortium of 
                        participating States has certified to the 
                        Secretary that the participating State or 
                        consortium of participating States has 
                        expended, transferred, or obligated not less 
                        than 80 percent of the amount transferred under 
                        clause (i), the Secretary shall transfer to the 
                        participating State or consortium of 
                        participating States the remaining amount of 
                        the award.
                    ``(E) State share.--The State share of the cost of 
                the activities, excluding administrative expenses, 
                carried out using an award under this paragraph shall 
                be not less than 10 percent. The Secretary may 
                determine what contributions by a State qualify as part 
                of the State share of the cost for purposes of this 
                subparagraph.
            ``(4) Award of unused funds.--
                    ``(A) In general.--The Secretary may award, on a 
                competitive basis, unused funds to participating States 
                for use for any purpose authorized under subparagraph 
                (A) or (B) of subsection (c)(3).
                    ``(B) Unused 2010 funds.--
                            ``(i) In general.--The Secretary shall 
                        determine whether any amounts allocated to a 
                        participating State under subsection (b) shall 
                        be deemed no longer allocated and no longer 
                        available if a participating State has not 
                        certified to the Secretary that the State has 
                        expended, transferred, or obligated 80 percent 
                        of the second \1/3\ of the 2010 allocation by 
                        December 31, 2016.
                            ``(ii) Availability.--Effective on the date 
                        of the determination under clause (i), any 
                        amounts identified in the determination that 
                        were deemed no longer allocated and no longer 
                        available to the participating State shall be 
                        available to the Secretary to make awards under 
                        this paragraph.
                    ``(C) Application.--A participating State desiring 
                to receive an award under this paragraph shall submit 
                an application--
                            ``(i) not later than 3 months after the 
                        date on which funds are deemed no longer 
                        allocated and no longer available to any 
                        participating State; and
                            ``(ii) in such manner and containing such 
                        information as the Secretary may require.
                    ``(D) Factors.--In determining whether to make an 
                award to a participating State under this paragraph, 
                the Secretary shall consider the factors described in 
                paragraph (3)(C).
                    ``(E) Minimum amount.--The Secretary may not make 
                an award of less than $5,000,000 under this paragraph.
            ``(5) Extension of compliance and reporting.--
        Notwithstanding section 3007(d), a participating State that 
        receives funds under paragraph (2), (3), or (4) shall submit 
        quarterly and annual reports containing the information 
        described in section 3007 until the end of the 8-year period 
        beginning on the date of enactment of the Small Business Access 
        to Capital Act of 2014.
            ``(6) Administration and implementation.--
                    ``(A) Administrative expenses for participating 
                states.--A participating State may use not more than 3 
                percent of the amount made available to the 
                participating State under paragraph (2), (3), or (4) 
                for administrative expenses incurred by the 
                participating State in implementing an approved State 
                program.
                    ``(B) Contracting.--During the 1-year period 
                beginning on the date of enactment of the Small 
                Business Access to Capital Act of 2014, and 
                notwithstanding any other provision of law relating to 
                public contracting, the Secretary may enter into 
                contracts to carry out this subsection.
                    ``(C) Amounts not assistance.--Any amounts 
                transferred to a participating State under paragraph 
                (2), (3), or (4) shall not be considered assistance for 
                purposes of subtitle V of title 31, United States Code.
                    ``(D) Appropriation.--There are appropriated to the 
                Secretary, out of any funds in the Treasury not 
                otherwise appropriated, $1,500,000,000 to carry out 
                this subsection, including to pay reasonable costs of 
                administering the programs under this subsection, to 
                remain available until expended.
                    ``(E) Termination of secretary's program 
                administration functions.--The authorities and duties 
                of the Secretary to implement and administer the 
                program under this subsection shall terminate at the 
                end of the 8-year period beginning on the date of 
                enactment of the Small Business Access to Capital Act 
                of 2014.''.

SOLUTION:
 Small Business Access to Capital Act of 2014 - Amends the Small Business Jobs Act of 2010 to extend for an additional eight fiscal years the State Small Business Credit Initiative to assist participating states to give collateral support and other innovative credit access and guarantee initiatives for small businesses and manufacturers.  Prescribes allocations of federal funds to participating states.  Authorizes the Secretary of the Treasury to award, on a competitive basis, up to a total of $1 billion in two tranches, according to specified criteria, to participating states and consortiums of participating states for use: (1) for making federal contributions to, or for the account of, an approved state program; and (2) as collateral for a qualifying loan or swap funding facility.