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 ``Keeping Families Home Act of 2014''.

SEC. 2. DEED-FOR-LEASE PROGRAM.

    (a) Establishment.--
            (1) In general.--Each servicer shall establish a deed-for-
        lease program (hereinafter referred to as the ``Program''), 
        which shall permit an eligible mortgagor to--
                    (A) enter into a deed in lieu of foreclosure 
                agreement;
                    (B) continue to occupy and lease the property that 
                is the subject of such agreement for a 1-year period 
                that begins on the date of such agreement; and
                    (C) have a right of first refusal to purchase such 
                property after the end of the 1-year lease period, if 
                the owner of the property intends to sell the property 
                at that time.
            (2) Exception for small servicers.--The Program requirement 
        under paragraph (1) shall not apply to a small servicer, as 
        such term is defined by the Secretary of Housing and Urban 
        Development.
    (b) Notice Requirement.--Servicers shall provide each eligible 
mortgagor with information about the Program and how to apply to 
participate in the Program.
    (c) Lease Terms.--A lease entered into by an eligible mortgagor 
under the Program shall--
            (1) carry a monthly rent amount equal to the fair market 
        rent for such property, as determined by an independent private 
        appraiser hired by and paid by the servicer; and
            (2) contain all typical lease provisions for similar rental 
        property.
    (d) Application Process.--
            (1) In general.--An eligible mortgagor may apply for the 
        Program at any time.
            (2) Effect of foreclosure sale.--If there is a foreclosure 
        sale pending with respect to the property--
                    (A) the eligible mortgagor may only apply for the 
                Program before the date that is 7 days before the date 
                of such foreclosure sale; and
                    (B) once the eligible mortgagor applies for the 
                Program, the foreclosure sale shall be halted until 
                after the eligible mortgagor's Program application has 
                been evaluated.
            (3) Contents of application.--
                    (A) In general.--In applying for the Program, an 
                eligible mortgagor shall provide the servicer with 
                proof of the following information:
                            (i) The eligible mortgagor is subject to a 
                        financial hardship that makes the eligible 
                        mortgagor unable to continue making timely 
                        payments on the eligible mortgage loan.
                            (ii) The eligible mortgagor is eligible to 
                        pay the monthly rent amount described under 
                        subsection (c)(1) and such amount is no more 
                        than 31 percent of the eligible mortgagor's 
                        monthly income.
                            (iii) The eligible mortgagor currently 
                        lives in the property and intends to continue 
                        doing so during the 1-year lease term.
                    (B) Ability to pay higher percentage of income in 
                rent.--Notwithstanding subparagraph (A)(ii), if an 
                eligible mortgagor believes they are able pay the 
                monthly rent amount despite such amount exceeding 31 
                percent of the eligible mortgagor's monthly income, the 
                eligible mortgagor may request that the Department of 
                Housing and Urban Development review their information, 
                along with any contributing factors the eligible 
                mortgagor may have (such as a low debt burden) and, if 
                the Department notifies the eligible mortgagor that the 
                Department agrees that the eligible mortgagor is able 
                to pay a monthly rent amount that is equal to a 
                percentage of their monthly income that is higher than 
                31 percent, such higher percentage shall be used for 
                purposes of subparagraph (A)(ii).
            (4) Effect of junior liens.--If an eligible mortgagor 
        applies for a Program with respect to a single family property 
        subject to a junior lien--
                    (A) if the servicer of the Program is also the 
                holder of the junior lien, the servicer shall release 
                the junior lien and, subject to the other requirements 
                of this section, the eligible mortgagor shall be 
                eligible to participate in the Program; and
                    (B) if the servicer of the Program is not the 
                holder of the junior lien, the servicer shall contact 
                such junior lien holder and request that the holder 
                release the lien, and--
                            (i) if the holder releases the lien, then, 
                        subject to the other requirements of this 
                        section, the eligible mortgagor shall be 
                        eligible to participate in the Program; and
                            (ii) if the holder does not release the 
                        lien, then the eligible mortgagor shall not be 
                        eligible to participate in the Program.
    (e) Evaluation and Notification.--
            (1) Deadline for evaluation.--The servicer shall evaluate 
        the eligible mortgagor's application within 30 days of 
        receiving such application and shall accept an eligible 
        mortgagor into the Program if the eligible mortgagor has 
        provided the proof described under subsection (d)(3)(A).
            (2) Notification.--Promptly after making a determination 
        under paragraph (1), the servicer shall notify the eligible 
        mortgagor of such determination in writing and, if the servicer 
        determines that the eligible mortgagor may not be accepted into 
        the Program, the servicer shall specifically explain in writing 
        why the eligible mortgage was not accepted.
    (f) Subsequent Owners Follow Program Requirements.--Any subsequent 
owner of the property being leased pursuant to the Program shall--
            (1) maintain the Program and abide by the terms of the 
        Program to the same extent as the servicer of the eligible 
        mortgage; and
            (2) certify to the Department of Housing and Urban 
        Development, before finalizing any purchase of the property, 
        that they will abide by the terms of the Program.
    (g) Rulemaking; Compliance Evaluation.--The Department of Housing 
and Urban Development shall--
            (1) issue such regulations as may be necessary to carry out 
        this section;
            (2) evaluate the compliance by servicers and owners with 
        the requirements of this section; and
            (3) enforce the requirements of this section.
    (h) Definitions.--For purposes of this section:
            (1) Eligible mortgagor.--The term ``eligible mortgagor'' 
        means a mortgagor under an eligible mortgage.
            (2) Eligible mortgage.--The term ``eligible mortgage'' 
        means a first or subordinate mortgage on a property that--
                    (A) is a single family property; and
                    (B) is currently being used as the principal 
                residence of the eligible mortgagor.
            (3) Single family property.--The term ``single family 
        property'' means--
                    (A) a structure consisting of 1 to 4 dwelling 
                units;
                    (B) a dwelling unit in a multi-unit condominium 
                property together with an undivided interest in the 
                common areas and facilities serving the property;
                    (C) a dwelling unit in a multi-unit project for 
                which purchase of stock or a membership interest 
                entitles the purchaser to permanent occupancy of that 
                unit; or
                    (D) a manufactured housing unit.

SOLUTION: Keeping Families Home Act of 2014 - Directs each mortgage servicer to establish a deed-for-lease program which shall permit an eligible mortgagor to:  enter into a deed in lieu of foreclosure agreement; continue to occupy and lease the property that is the subject of the agreement for one year; and have a right of first refusal to purchase such property after the end of the one-year lease period, if the owner intends to sell the property at that time.  Exempts small servicers from such requirement. Requires a lease to carry a monthly rent amount equal to the fair market rent for the property, as determined by an independent private appraiser hired by and paid by the servicer.

PROBLEM: SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Space Leadership Preservation Act of 
2012''.

SEC. 2. ADMINISTRATOR AND DEPUTY ADMINISTRATOR.

    Section 20111 of title 51, United States Code, is amended--
            (1) in subsection (a)--
                    (A) by striking ``Administrator.--There is 
                established'' and inserting ``Administrator.--
            ``(1) In general.--There is established'';
                    (B) in paragraph (1), as so designated by 
                subparagraph (A) of this paragraph--
                            (i) by inserting ``, pursuant to paragraph 
                        (2),'' after ``who shall be appointed''; and
                            (ii) by inserting ``The Administrator shall 
                        serve for a term of 10 years.'' after ``and 
                        activities thereof.''; and
                    (C) by adding at the end the following new 
                paragraph:
            ``(2) Board of directors nominations.--The President shall 
        appoint the Administrator under paragraph (1) from among the 
        list of nominees provided by the Board of Directors pursuant to 
        section 20118(l)(2)(A). The President shall appoint a new 
        Administrator not later than 3 months after the first set of 
        nominees is so provided by the Board of Directors. The sitting 
        Administrator may serve in the position until a new 
        Administrator appointed pursuant to this paragraph is confirmed 
        by the Senate.''; and
            (2) in subsection (b)--
                    (A) by striking ``Administrator.--There shall be'' 
                and inserting ``Administrator.--
            ``(1) In general.--There shall be'';
                    (B) in paragraph (1), as so designated by 
                subparagraph (A) of this paragraph, by inserting ``, 
                pursuant to paragraph (2),'' after ``who shall be 
                appointed''; and
                    (C) by adding at the end the following new 
                paragraph:
            ``(2) Board of directors nominations.--The President shall 
        appoint the Deputy Administrator under paragraph (1) from among 
        the list of nominees provided by the Board of Directors 
        pursuant to section 20118(j)(2)(B).''.

SEC. 3. BOARD OF DIRECTORS.

    (a) Establishment.--Subchapter II of chapter 201 of title 51, 
United States Code, is amended by adding at the end the following new 
section:
``Sec. 20118. Board of Directors
    ``(a) Establishment.--There shall be established a Board of 
Directors for the National Aeronautics and Space Administration in 
accordance with this section, not later than 9 months after the date of 
enactment of the `Space Leadership Preservation Act of 2012'.
    ``(b) Membership and Appointment.--The Board shall consist of 11 
members to be appointed as follows:
            ``(1) Three members shall be appointed by the President.
            ``(2) Three members shall be appointed by the president pro 
        tempore of the Senate.
            ``(3) One member shall be appointed by the minority leader 
        of the Senate.
            ``(4) Three members shall be appointed by the Speaker of 
        the House of Representatives.
            ``(5) One member shall be appointed by the minority leader 
        of the House of Representatives.
In addition to the members appointed under paragraphs (1) through (5), 
the Administrator shall be an ex officio, nonvoting member of the 
Board.
    ``(c) Qualifications.--The persons appointed as members of the 
Board shall be--
            ``(1) former astronauts or scientists or engineers eminent 
        in the fields of human spaceflight, planetary science, space 
        science, Earth science, and aeronautics, or other scientific, 
        engineering, business, and social science disciplines related 
        to space and aeronautics;
            ``(2) selected on the basis of established records of 
        distinguished service; and
            ``(3) so selected as to provide representation of the views 
        of engineering, science, and aerospace leaders in all areas of 
        the Nation.
    ``(d) Limitation on Members.--An individual employed by or 
representing an organization with which the Administration has a 
contract is not eligible to serve on the Board, except for scientists 
employed by or representing colleges, universities, and other not-for-
profit organizations. Additionally, a former Board member may not take 
employment with or represent an organization with which the 
Administration has a contract, or which is seeking such a contract, for 
a period of 2 years following completion of service on the Board.
    ``(e) Terms.--The term of office of each member of the Board shall 
be 3 years, except that any member appointed to fill a vacancy 
occurring prior to the expiration of the term for which his predecessor 
was appointed shall be appointed for the remainder of such term. Any 
person who has been a member of the Board for 12 consecutive years 
shall thereafter be ineligible for appointment during the 2-year period 
following the expiration of such 12th year.
    ``(f) Travel Expenses.--Each member of the Board shall receive 
travel expenses, including per diem in lieu of subsistence, in 
accordance with applicable provisions under subchapter I of chapter 57 
of title 5, United States Code.
    ``(g) Meetings.--The Board shall meet quarterly and at such other 
times as the Chairman may determine, but the Chairman shall also call a 
meeting whenever one-third of the members so request in writing. The 
Board shall adopt procedures governing the conduct of its meetings, 
including delivery of notice and a definition of a quorum, which in no 
case shall be less than one-half plus one of the members of the Board.
    ``(h) Chairman and Vice Chairman.--The election of the Chairman and 
Vice Chairman of the Board shall take place at each first quarter 
meeting occurring in an even-numbered year. The Vice Chairman shall 
perform the duties of the Chairman in his absence. In case a vacancy 
occurs in the chairmanship or vice chairmanship, the Board shall elect 
a member to fill such vacancy.
    ``(i) Staff.--The Board may, with the concurrence of a majority of 
its members, permit the appointment of a staff consisting of 
professional staff members, technical and professional personnel on 
leave of absence from academic, industrial, or research institutions 
for a limited term, and such operations and support staff members as 
may be necessary. Such staff shall be appointed by the Chairman and 
assigned at the direction of the Board. The professional members and 
limited term technical and professional personnel of such staff may be 
appointed without regard to the provisions of title 5, United States 
Code, governing appointments in the competitive service, and the 
provisions of chapter 51 of such title relating to classification, and 
shall be compensated at a rate not exceeding the maximum rate payable 
under section 5376 of such title, as may be necessary to provide for 
the performance of such duties as may be prescribed by the Board in 
connection with the exercise of its powers and functions under this 
section.
    ``(j) Special Commissions.--The Board is authorized to establish 
such special commissions as it may from time to time deem necessary for 
the purposes of this section.
    ``(k) Committees.--The Board is also authorized to appoint from 
among its members such committees as it deems necessary, and to assign 
to committees so appointed such survey and advisory functions as the 
Board deems appropriate to assist it in exercising its powers and 
functions under this section.
    ``(l) Functions.--
            ``(1) Budget proposal.--Not later than November 15 of each 
        year, the Board shall provide to the President, and to the 
        Committee on Appropriations and the Committee on Science, 
        Space, and Technology of the House of Representatives and the 
        Committee on Appropriations and the Committee on Commerce, 
        Science, and Transportation of the Senate, a proposed budget 
        for the National Aeronautics and Space Administration for the 
        next fiscal year. Such budget shall--
                    ``(A) carry out the purpose described in section 
                20102(h);
                    ``(B) be based on--
                            ``(i) the best professional judgement of 
                        the Board;
                            ``(ii) recommendations from the scientific, 
                        engineering, and other technical experts 
                        communities; and
                            ``(iii) the recommendations of the most 
                        recent National Research Council decadal 
                        surveys; and
                    ``(C) follow such decadal survey's recommended 
                decision rules regarding program implementation, 
                including a strict adherence to the recommendation that 
                the National Aeronautics and Space Administration 
                include in a balanced program a flagship class mission, 
                which may be executed in cooperation with one or more 
                international partners.
            ``(2) Nominees for administrator, deputy administrator, and 
        chief financial officer.--The Board shall provide to the 
        President--
                    ``(A) a list of 3 nominees from which the President 
                shall appoint an Administrator pursuant to section 
                20111(a);
                    ``(B) a list of 3 nominees from which the President 
                shall appoint a Deputy Administrator pursuant to 
                section 20111(b); and
                    ``(C) a list of 3 nominees from which the President 
                shall appoint a Chief Financial Officer pursuant to 
                section 205(a) of the Chief Financial Officers Act (31 
                U.S.C. 901(a)).
        The Board shall provide the first set of nominees under this 
        paragraph not later than 15 months after the date of enactment 
        of the `Space Leadership Preservation Act of 2012'.
            ``(3) Reports.--
                    ``(A) Annual infrastructure, capabilities, and 
                workforce assessment.--The Board shall provide to the 
                President and the Congress annually a report assessing 
                the status of United States spaceflight infrastructure, 
                unique space capabilities, and the health of the United 
                States workforce necessary to maintain such 
                infrastructure and capabilities. The assessment shall 
                also identify areas of concern, gaps in capability 
                compared to foreign spaceflight capabilities, and 
                recommendations on how to strengthen or improve United 
                States capabilities and workforce.
                    ``(B) Specific policy matter reports.--The Board 
                shall provide to the President and the Congress reports 
                on specific, individual policy matters within the 
                authority of the Administration (or otherwise as 
                requested by the Congress or the President) related to 
                human space flight, planetary science, earth science, 
                aeronautics, and science, technology, engineering, and 
                mathematics education, as the Board, the President, or 
                the Congress determines the need for such reports.
            ``(4) Quadrennial review.--The Board shall provide to the 
        President and the Congress, not later than the later of 180 
        days after the establishment of the Board or the third 
        quarterly meeting of the Board, and once every 4 years 
        thereafter, a quadrennial review of current space programs and 
        a vision for future space exploration.
            ``(5) Removal of administrator for cause.--The Board may 
        provide to the President and the Congress a report recommending 
        the removal of the Administrator for cause. Any such report 
        shall include the reasons for such recommendation.
    ``(m) Budget Meetings.--Portions of Board meetings in which the 
Board considers the budget proposal required under subsection (l)(1) 
for a particular fiscal year may be closed to the public until the 
Board submits the proposal to the President and the Congress.
    ``(n) Financial Disclosure.--Members of the Board shall be required 
to file a financial disclosure report under title II of the Ethics in 
Government Act of 1978 (5 U.S.C. App. 92 Stat. 1836), except that such 
reports shall be held confidential and exempt from any law otherwise 
requiring their public disclosure.''.
    (b) Table of Sections.--The table of sections for chapter 201 of 
title 51, United States Code, is amended by adding at the end of the 
items for subchapter II the following new item:

``20118. Board of Directors.''.

SEC. 4. BUDGET PROPOSAL.

    Section 30103 of title 51, United States Code, is amended by adding 
at the end the following new subsection:
    ``(e) Board of Directors Proposal.--
            ``(1) Inclusion in president's proposed budget.--The 
        proposed budget for the Administration submitted to the 
        Congress by the President for each fiscal year shall include a 
        description of, and a detailed justification for, any 
        differences between the President's proposed budget and the 
        budget provided by the Board of Directors under section 
        20118(l)(1).
            ``(2) Elements of budget proposal.--Subsections (a) through 
        (d) of this section shall apply to the proposed budget provided 
        by the Board of Directors under section 20118(l)(1).''.

SEC. 5. LONG TERM CONTRACTING.

    (a) Amendments.--Section 20142 of title 51, United States Code, is 
amended--
            (1) in the section heading, by striking ``Contracts 
        regarding expendable launch vehicles'' and inserting ``Long 
        term contracting'';
            (2) in subsection (a), by--
                    (A) striking ``expendable launch vehicle services'' 
                and inserting ``rocket propulsion systems and manned 
                and unmanned space transportation vehicles and 
                payloads, including expendable launch vehicles, and any 
                other infrastructure intended for placement or 
                operation in space or on celestial bodies, and services 
                related thereto,''; and
                    (B) striking ``related to launch'' and inserting 
                ``related to''; and
            (3) in subsection (b), by striking ``launch services'' and 
        inserting ``the goods and services to have been provided under 
        the contract''.
    (b) Table of Sections Amendment.--The item relating to section 
20142 in the table of sections for chapter 201 of title 51, United 
States Code, is amended to read as follows:

``20142. Long term contracting.''.

SOLUTION: Space Leadership Preservation Act of 2012 - Establishes a Board of Directors for the National Aeronautics and Space Administration (NASA). Sets forth Board membership and appointment criteria. Directs the President to appoint the NASA Administrator and Deputy Administrator from among a list of nominees provided by the Board.

Requires the Board to provide: (1) NASA's proposed annual budget; (2) annual reports on spaceflight infrastructure, unique space capabilities, and the workforce necessary to maintain such infrastructure and capabilities; (3) reports on specific policy matters; and (4) quadrennial reviews of current space programs and a vision for future space exploration.

Authorizes the Administrator to enter into contracts for rocket propulsion systems and manned and unmanned space transportation vehicles and payloads.

PROBLEM: SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Small Business 
Guaranteed Credit Enhancement Act of 1993''.
    (b) Table of Contents.--The table of contents for this Act is as 
follows:
Sec. 1. Short title; table of contents.
Sec. 2. General authorizations.
Sec. 3. Authority to impose secondary market fees.
Sec. 4. Penalties.
Sec. 5. Authority to reduce loan guarantee percentages.
Sec. 6. Study and report.
Sec. 7. Repealer.
Sec. 8. Microloan program amendments.
Sec. 9. Small Business Development Center Program.
Sec. 10. White House Conference on Small Business.
Sec. 11. National Women's Business Council.

SEC. 2. GENERAL AUTHORIZATIONS.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended--
        (1) in subsection (g)(2) by striking ``$7,030,000,000'' and by 
    inserting in lieu thereof ``$7,155,000,000'';
        (2) in subsection (g)(2) by striking ``$775,000,000'' and by 
    inserting in lieu thereof ``$900,000,000'';
        (3) in subsection (i)(2) by striking ``$8,083,000,000'' and by 
    inserting in lieu thereof ``$8,458,000,000''; and
        (4) in subsection (i)(2) by striking ``$825,000,000'' and by 
    inserting in lieu thereof ``$1,200,000,000''.

SEC. 3. AUTHORITY TO IMPOSE SECONDARY MARKET FEES.

    (a) Additional Guarantee Fees.--Section 5(g) of the Small Business 
Act (15 U.S.C. 634) is amended by striking paragraph (4) and by 
inserting in lieu thereof the following:
        ``(4)(A) The Administration may collect the following fees for 
    loan guarantees sold into the secondary market pursuant to the 
    provisions of subsection (f): an amount equal to (A)
    not more than \4/10\ of one percent per year of the outstanding 
    principal amount of the portion of such loan guaranteed by the 
    Administration, and (B) not more than 50 percent of the portion of 
    the sale price which is in excess of 110 percent of the outstanding 
    principal amount of the portion of such loan guaranteed by the 
    Administration. Any such fees imposed by the Administration shall be 
    collected by the Administration or by the agent which carries out on 
    behalf of the Administration the central registration functions 
    required by subsection (h) of this section and shall be paid to the 
    Administration and used solely to reduce the subsidy on loans 
    guaranteed under section 7(a) of this Act: Provided, That such fees 
    shall not be charged to the borrower whose loan is guaranteed: and, 
    Provided further, That nothing herein shall preclude any agent of 
    the Administration from collecting a fee approved by the 
    Administration for the functions described in subsection (h)(2).
        ``(B) The Administration is authorized to impose and collect, 
    either directly or through a fiscal and transfer agent, a reasonable 
    penalty on late payments of the fee authorized under subparagraph 
    (A) in an amount not to exceed 5 percent of such fee per month plus 
    interest.''.
    (b) Any new fees imposed by the Administration pursuant to the 
authority conferred by subsection (a) shall be applicable only to loans 
initially sold in the secondary market pursuant to the provisions of 
section 5(f) of the Small Business Act after August 31, 1993.

SEC. 4. PENALTIES.

    Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended 
by adding at the end the following new paragraph:
        ``(22) The Administration is authorized to permit participating 
    lenders to impose and collect a reasonable penalty fee on late 
    payments of loans guaranteed under this subsection in an amount not 
    to exceed 5 percent of the monthly loan payment per month plus 
    interest.''.

SEC. 5. AUTHORITY TO REDUCE LOAN GUARANTEE PERCENTAGES.

    (a) Guarantee Percentages.--Section 7(a)(2) of the Small Business 
Act (15 U.S.C. 636) is amended--
        (1) by striking from the end of clause (B)(i) the word ``and'' 
    and by redesignating clause (B)(ii) as (B)(iv) and by inserting the 
    following after clause (B)(i):
            ``(ii) not less than 75 percent of the financing outstanding 
        at the time of disbursement, if such financing is more than 
        $155,000 and the period of maturity of such financing is more 
        than 10 years, except that the participation by the 
        Administration may be reduced below 75 percent upon request of 
        the participating lender;
            ``(iii) not less than 85 percent of the financing 
        outstanding at the time of disbursement, if such financing is 
        more than $155,000 and the period of maturity of such financing 
        is 10 years or less, except that the participation by the 
        Administration may be reduced below 85 percent upon request of 
        the participating lender; and'';
        (2) by striking the words ``85 percent under subparagraph (B)'' 
    and by inserting in lieu thereof the following: ``the above 
    specified percentums'';
        (3) by striking from paragraph (B) the words ``not less than 80 
    percent, except upon'' and by inserting in lieu thereof the 
    following: ``not less than 70 percent, unless a lesser percent is 
    required by clause (B)(ii) or upon the''; and
        (4) by inserting after the third sentence the following: ``The 
    maximum interest rate for a loan guaranteed under the Preferred 
    Lenders Program shall not exceed the maximum interest rate, as 
    determined by the Administration, which is made applicable to other 
    loan guarantees under section 7(a).''.
    (b) Application.--Notwithstanding any other provision of law, the 
amendments made by subsection (a) shall be effective September 1, 1993, 
but shall not be applicable to loan guarantee applications received by 
the Administration prior to August 21, 1993. In order to determine the 
percent of the loan to be guaranteed pursuant to the amendments made by 
subsection (a), the Administration shall aggregate the outstanding 
guaranteed principal of multiple loan guarantees issued on behalf of the 
same borrower.

SEC. 6. STUDY AND REPORT.

    The Administration shall study, monitor and evaluate the impact of 
the amendments made by sections 3 and 5 of this Act on the ability of 
small business concerns and small business concerns owned and controlled 
by minorities and women, to obtain financing and the impact of such 
sections on the effectiveness, viability and growth of the secondary 
market authorized by section 5(f) of the Small Business Act. Not later 
than 16 months after the date of enactment, and annually thereafter, the 
Administration shall submit to the Committees on Small Business of the 
Senate and the House of Representatives a report containing the 
Administration's findings and recommendations on such impact, 
specifically including changes in the interest rates on financings 
provided to small business concerns and small business concerns owned 
and controlled by minorities and women, through the use of the secondary 
market. The Administration shall segregate such findings and 
recommendations in the study according to the ethnic and gender 
components in these categories. Solely for the purposes of the study 
authorized herein, the term ``small business concerns owned and 
controlled by minorities'', includes businesses owned and controlled by 
individuals belonging to one of the designated groups listed in section 
8(d)(3)(C) of the Small Business Act.

SEC. 7. REPEALER.

    Sections 3 and 5 of this Act are hereby repealed on September 30, 
1996.

SEC. 8. MICROLOAN PROGRAM AMENDMENTS.

    Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is 
amended--
        (1) in paragraph (1)(B)(iii), by striking ``$15,000'' and 
    inserting ``$25,000'';
        (2) in paragraph (5)(A), by striking ``6 grants'' and inserting 
    ``25 grants for terms of up to 5 years''; and
        (3) in paragraph (9)(B) by striking ``3 percent'' and inserting 
    ``7 percent''.

SEC. 9. SMALL BUSINESS DEVELOPMENT CENTER PROGRAM.

    (a) Clearinghouse.--Section 21(c)(7) of the Small Business Act (15 
U.S.C. 648) is amended by striking ``system which will'' and by 
inserting in lieu thereof the following: ``system. Subject to amounts 
approved in advance in appropriations Acts, the Administration may make 
grants or enter cooperative agreements with one or more centers to carry 
out the provisions of this paragraph. Said grants or cooperative 
agreements shall be awarded for periods of no more than five years 
duration. The matching funds provisions of subsection (a) shall not be 
applicable to grants or cooperative agreements under this paragraph. The 
system shall''.
    (b) Authorization.--Section 25(i) of the Small Business Act (15 
U.S.C. 652) is amended by striking ``$8,000,000 for fiscal year 1993'' 
and by inserting in lieu thereof ``$2,000,000 for each of fiscal years 
1993 and 1994''.
    (c) Regulations.--Section 223 of the Small Business Credit and 
Business Opportunity Enhancement Act of 1992 (15 U.S.C. 631 note) is 
amended by striking the last sentence of subsection (b).

SEC. 10. WHITE HOUSE CONFERENCE ON SMALL BUSINESS.

    The White House Conference on Small Business Authorization Act (15 
U.S.C. 631 note) is amended--
        (1) in section 2 by striking from subsection (a) ``not earlier 
    than January 1, 1994, and not later than April 1, 1994'' and by 
    inserting in lieu thereof ``not earlier than May 1, 1995, and not 
    later than September 30, 1995'';
        (2) in section 2 by striking from subsection (a) ``December 1, 
    1992'' and by inserting in lieu thereof ``March 1, 1994''; and
        (3) in section 5 by striking the second sentence of subsection 
    (a) and by inserting in lieu thereof the following: ``Subsequent to 
    the date of enactment of this Act, but not later than 30 days after 
    the date of enactment of this Act, the President shall select and 
    appoint eleven individuals to the Commission.''.

SEC. 11. NATIONAL WOMEN'S BUSINESS COUNCIL.

    Section 407 of the Women's Business Ownership Act of 1988 (15 U.S.C. 
631 note) is amended to read as follows:

``SEC. 407. AUTHORIZATION.

    ``(a) In General.--There are authorized to be appropriated to carry 
out this title--
        ``(1) $500,000 for fiscal year 1993; and
        ``(2) $500,000 for fiscal year 1994.
    ``(b) Limitation on Authority.--New spending authority or authority 
to enter into contracts as authorized in this Act shall be effective 
only to such extent and in such amounts as are provided in advance in 
appropriation Acts.
    ``(c) Sunset.--This section shall cease to be effective on November 
30, 1995.''.







                                Speaker of the House of Representatives.







                             Vice President of the United States and    
                                                President of the Senate.

SOLUTION:
Small Business Guaranteed Credit Enhancement Act of 1993 - Amends the Small Business Act (the Act) to increase the FY 1993 and 1994 authorizations of appropriations for loans to State and local development companies for community business development programs. 
Authorizes the Small Business Administration (SBA) to:  (1) collect additional fees after August 31, 1995, on loans made under the Act which are sold on the secondary market; (2) permit participating lenders to charge a late fee to loan borrowers who fail to make timely payments; and (3) reduce the maximum loan guarantees on real estate loans above $155,000 and on loans made under the Preferred Lenders Program. 
Directs the SBA to study and report to the Congress on the effect of the SBA's authority to impose secondary market fees and to reduce loan guarantee percentages on the ability of small businesses; including minority- and woman-owned small businesses, to obtain financing and the viability of the secondary market in SBA guaranteed loans.  Terminates the SBA's authority to impose such fees and reduce such percentages as of FY 1996. 
Makes the following revisions with respect to the Microloan Demonstration Program (the provision of loans and grants to startup, newly established, or growing small businesses): (1) increases from $15,000 to $25,000 the maximum loan which may be guaranteed by an intermediary; (2) increases the maximum grant amounts to such intermediaries for such purpose; and (3) increases from three to seven percent the maximum appropriated amount which may be used for training purposes. 
Authorizes the SBA to make grants or enter into cooperative arrangements in order to carry out the Small Business Development Center Program.  Extends the authorization of appropriations for such Program through FY 1994.  Strikes a provision prohibiting regulations concerning the Program from being printed in the Federal Register. 
Revises the dates of conferences to be held by the National White House Conference on Small Business.  Extends through FY 1994 the authorization of appropriations for the National Women's Business Council and terminates the Council on November 30, 1995.