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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Pay It Back Act''.

SEC. 2. FINDINGS.

Congress finds that--
(1) the Congressional Budget Office estimates that the
deficit for this fiscal year will reach $1.6 trillion or 11
percent of the Gross Domestic Product;
(2) this deficit represents the largest relative deficit
since the end of World War II;
(3) the Congressional Budget Office estimates that the
fiscal year 2010 deficit will reach $1.4 trillion; and
(4) given the choice between forcing our children to pay
for the national debt and requiring banks and other
beneficiaries of the goodwill of the taxpayer to make a down
payment now, we choose to help our kids.

SEC. 3. AMENDMENT TO TARP AUTHORIZATION.

Section 115(a)(3) of the Emergency Economic Stabilization Act of
2008 (12 U.S.C. 5225(a)(3)) is amended by striking ''outstanding at any
one time'' and inserting '', in the aggregate (or such higher amount,
in the aggregate, as has been obligated or expended under this Act as
of the date of enactment of the Pay It Back Act)''.

SEC. 4. REPORT.

Section 106 of the Emergency Economic Stabilization Act of 2008 (12
U.S.C. 5216) is amended by inserting at the end the following:
''(f) Report.--The Secretary of the Treasury shall report to
Congress every 6 months on amounts received and transferred to the
general fund under subsection (d).''.

SEC. 5. AMENDMENTS TO HOUSING AND ECONOMIC RECOVERY ACT OF 2008.

(a) Sale of Fannie Mae Obligations and Securities by the Treasury;
Deficit Reduction.--Section 304(g)(2) of the Federal National Mortgage
Association Charter Act (12 U.S.C. 1719(g)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation or security
acquired by the Secretary under this
subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(b) Sale of Freddie Mac Obligations and Securities by the Treasury;
Deficit Reduction.--Section 306(l)(2) of the Federal Home Loan Mortgage
Corporation Act (12 U.S.C. 1455(l)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation or security
acquired by the Secretary under this
subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(c) Sale of Federal Home Loan Banks Obligations by the Treasury;
Deficit Reduction.--Section 11(l)(2) of the Federal Home Loan Bank Act
(12 U.S.C. 1431(l)(2)) is amended--
(1) by redesignating subparagraph (C) as subparagraph (D);
and
(2) by inserting after subparagraph (B) the following:
''(C) Deficit reduction.--The Secretary of the
Treasury shall--
''(i) deposit in the General Fund of the
Treasury any amounts received by the Secretary
for the sale of any obligation acquired by the
Secretary under this subsection; and
''(ii) ensure that such amounts so
deposited--
''(I) are dedicated for the sole
purpose of deficit reduction; and
''(II) are prohibited from use as
an offset for other spending increases
or revenue reductions.''.
(d) Repayment of Fees.--Any periodic commitment fee or any other
fee or assessment paid by the Federal National Mortgage Association or
Federal Home Loan Mortgage Corporation to the Secretary of the Treasury
as a result of any preferred stock purchase agreement, mortgage-backed
security purchase program, or any other program or activity authorized
or carried out pursuant to the authorities granted to the Secretary of
the Treasury under the amendments made by section 1117 of the Housing
and Economic Recovery Act of 2008 (Public Law 110-289; 122 Stat. 2683),
including any fee agreed to by contract between the Secretary and the
Association or Corporation, shall be deposited in the General Fund of
the Treasury where such amounts shall be--
(1) dedicated for the sole purpose of deficit reduction;
and
(2) prohibited from use as an offset for other spending
increases or revenue reductions.

SEC. 6. FEDERAL HOUSING FINANCE AGENCY REPORT.

The Director of the Federal Housing Finance Agency shall submit to
Congress a report on the plans of the Agency to continue to support and
maintain the Nation's vital housing industry, while at the same time
guaranteeing that the American taxpayer will not suffer unnecessary
losses.

SEC. 7. REPAYMENT OF UNOBLIGATED ARRA FUNDS.

(a) Rejection of ARRA Funds by State.--Section 1607 of division A
of the American Recovery and Reinvestment Act of 2009 (Public Law 111-
5; 123 Stat. 303) is amended by adding at the end the following:
''(d) Statewide Rejection of Funds.--If funds provided to any State
in any division of this Act are not accepted for use by the Governor of
the State pursuant to subsection (a) or by the State legislature
pursuant to subsection (b), then all such funds shall be--
''(1) rescinded; and
''(2) deposited in the General Fund of the Treasury, where
such amounts shall be--
''(A) dedicated for the sole purpose of deficit
reduction; and
''(B) prohibited from use as an offset for other
spending increases or revenue reductions.''.
(b) Withdrawal or Recapture of Unobligated Funds.--Title XVI of
division A of the American Recovery and Reinvestment Act of 2009
(Public Law 111-5; 123 Stat. 302) is amended by adding at the end the
following:

''withdrawal or recapture of unobligated funds

''Sec. 1613. Notwithstanding any other provision of this Act, if
the head of any executive agency withdraws or recaptures for any reason
funds appropriated or otherwise made available under this division, and
such funds have not been obligated by a State to a local government or
for a specific project, such recaptured funds shall be--
''(1) rescinded; and
''(2) deposited in the General Fund of the Treasury, where
such amounts shall be--
''(A) dedicated for the sole purpose of deficit
reduction; and
''(B) prohibited from use as an offset for other
spending increases or revenue reductions.''.
(c) Return of Unobligated Funds by End of 2012.--Section 1603 of
division A of the American Recovery and Reinvestment Act of 2009
(Public Law 111-5; 123 Stat. 302) is amended--
(1) by striking ''All funds'' and inserting ''(a) In
General.--All funds''; and
(2) by adding at the end the following:
''(b) Repayment of Unobligated Funds.--Any discretionary
appropriations made available in this division that have not been
obligated as of December 31, 2012, are hereby rescinded, and such
amounts shall be deposited in the General Fund of the Treasury, where
such amounts shall be--
''(1) dedicated for the sole purpose of deficit reduction;
and
''(2) prohibited from use as an offset for other spending
increases or revenue reductions.
''(c) Presidential Waiver Authority.--
''(1) In general.--The President may waive the requirements
under subsection (b), if the President determines that it is
not in the best interest of the Nation to rescind a specific
unobligated amount after December 31, 2012.
''(2) Requests.--The head of an executive agency may also
apply to the President for a waiver from the requirements under
subsection (b).''.

SEC. 8. REDUCTION OF STATUTORY LIMIT ON THE PUBLIC DEBT.

Section 3101 of title 31, United States Code, is amended--
(1) in subsection (b), by inserting ''minus the aggregate
amounts described in subsection (d)'' before '', outstanding at
one time''; and
(2) by adding at the end the following:
''(d) Amounts described in this subsection are any amounts received
by the Secretary of the Treasury pursuant to--
''(1) section 106(d) of the Emergency Economic
Stabilization Act of 2008 before, on, or after the date of
enactment of this subsection; and
''(2) section 304(g) of the Federal National Mortgage
Association Charter Act (12 U.S.C. 1719(g)), section 306(l) of
the Federal Home Loan Mortgage Corporation Act (12 U.S.C.
1455(l)), section 11(l) of the Federal Home Loan Bank Act (12
U.S.C. 1431(l)), section 1607(d) of division A of the American
Recovery and Reinvestment Act of 2009 (Public Law 111-5),
section 1613 of division A of the American Recovery and
Reinvestment Act of 2009 (Public Law 111-5), and sections 5(d)
and 7(c) of the Pay It Back Act after the date of enactment of
this subsection.''.
Pay It Back Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to revise the limitation on the authority of the Secretary of the Treasury to purchase troubled assets under the Troubled Asset Relief Program (TARP) to $700 billion outstanding at any one time. Changes the maximum authority to $700 billion, in the aggregate, or such higher amount, in the aggregate, as has been obligated or expended under TARP as of the enactment of this Act.

Requires the Secretary to report to Congress every six months on transfer to the Treasury's General Fund for reduction of the public debt of revenues of, and proceeds from the sale of troubled assets purchased under TARP, or from the sale, exercise, or surrender of warrants or senior debt instruments acquired under TARP.

Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Federal Home Loan Bank Act to require the Secretary to deposit in the Treasury solely for debt reduction any amounts received by the Secretary for the sale of any obligation or security acquired from the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or a Federal Home Loan Bank for secondary market operations. Prohibits the use of any such amounts as an offset for other spending increases or revenue reductions.

Requires deposit in the Treasury solely for debt reduction of any periodic commitment fee or any other fee or assessment paid to the Secretary by Fannie Mae or Freddie Mac as a result of any preferred stock purchase agreement, mortgage-backed security purchase program, or any other program or activity under the Housing and Economic Recovery Act of 2008.

Requires the Director of the Federal Housing Finance Agency (FHFA) to report to Congress on FHFA plans to continue to support and maintain the nation's vital housing industry, while at the same time guaranteeing that the American taxpayer will not suffer unnecessary losses.

Amends the American Recovery and Reinvestment Act of 2009 (ARRA) to require: (1) rescission of any ARRA (stimulus) funds offered to but not accepted by the governor or legislature of a state; and (2) their deposit in the Treasury solely for debt reduction. Requires the same treatment for any funds withdrawn or recaptured by an executive agency head which have not been obligated by a state to a local government or for a specific project.

Rescinds for deposit in the Treasury solely for debt reduction specified discretionary appropriations that have not been obligated as of December 31, 2012.

Lowers the statutory limit on the public debt by the amounts the Secretary receives under this Act for deposit in the Treasury solely for debt reduction.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Highway Funding Equity Act of
2005''.

SEC. 2. MINIMUM GUARANTEE.

Section 105 of title 23, United States Code, is amended--
(1) by striking subsection (a) and subsections (c) through
(f);
(2) by redesignating subsection (b) as subsection (e);
(3) by inserting after the section heading the following:
''(a) Guarantee.--
''(1) In general.--For each of fiscal years 2005 through
2009, the Secretary shall allocate among the States amounts
sufficient to ensure that the percentage for each State of the
total apportionments for the fiscal year for the National
Highway System under section 103(b), the high priority projects
program under section 117, the Interstate maintenance program
under section 119, the surface transportation program under
section 133, metropolitan planning under section 134, the
highway bridge replacement and rehabilitation program under
section 144, the congestion mitigation and air quality
improvement program under section 149, the recreational trails
program under section 206, the Appalachian development highway
system under subtitle IV of title 40, and the minimum guarantee
under this paragraph, equals or exceeds the percentage
determined for the State under paragraph (2).
''(2) State percentages.--
''(A) In general.--Except as provided in
subparagraph (B), the percentage for each State
referred to in paragraph (1) is the percentage that is
equal to 95 percent of the ratio that--
''(i) the estimated tax payments
attributable to highway users in the State paid
into the Highway Trust Fund (other than the
Mass Transit Account) in the most recent fiscal
year for which data are available; bears to
''(ii) the estimated tax payments
attributable to highway users in all States
paid into the Highway Trust Fund (other than
the Mass Transit Account) in the most recent
fiscal year for which data are available.
''(B) Exception.--In the case of a State having a
population density of less than 50 individuals per
square mile according to the 2000 decennial census, the
percentage referred to in paragraph (1) shall be the
greater of--
''(i) the percentage determined under
subparagraph (A); or
''(ii) the percentage specified in
subsection (e).
''(b) Treatment of Funds.--
''(1) Programmatic distribution.--The Secretary shall
apportion the amounts made available under this section that
exceed $2,800,000,000 so that the amount apportioned to each
State under this paragraph for each program referred to in
subsection (a)(1) (other than the high priority projects
program, metropolitan planning, the recreational trails
program, the Appalachian development highway system, and the
minimum guarantee under subsection (a)) is equal to the product
obtained by multiplying--
''(A) the amount to be apportioned under this
paragraph; and
''(B) the ratio that--
''(i) the amount of funds apportioned to
the State for each program referred to in
subsection (a)(1) (other than the high priority
projects program, metropolitan planning, the
recreational trails program, the Appalachian
development highway system, and the minimum
guarantee under subsection (a)) for a fiscal
year; bears to
''(ii) the total amount of funds
apportioned to the State for that program for
the fiscal year.
''(2) Remaining distribution.--
''(A) In general.--Subject to subparagraph (B), the
Secretary shall apportion the remainder of funds made
available under this section to the States, and
administer those funds, in accordance with section
104(b)(3).
''(B) Inapplicable requirements.--Paragraphs (1),
(2), and (3) of section 133(d) shall not apply to
amounts apportioned in accordance with this paragraph.
''(c) Authorization of Appropriations.--There are authorized to be
appropriated out of the Highway Trust Fund (other than the Mass Transit
Account) such sums as are necessary to carry out this section for each
of fiscal years 2005 through 2009.
''(d) Guarantee of 95 Percent Return.--
''(1) In general.--For each of fiscal years 2005 through
2009, before making any apportionment under this title, the
Secretary shall--
''(A) determine whether the sum of the percentages
determined under subsection (a)(2) for the fiscal year
exceeds 100 percent; and
''(B) if the sum of the percentages exceeds 100
percent, proportionately adjust the percentages
specified in the table contained in subsection (e) to
ensure that the sum of the percentages determined under
subsection (a)(1)(B) for the fiscal year equals 100
percent.
''(2) Eligibility threshold for adjustment.--The Secretary
may make an adjustment under paragraph (1) for a State for a
fiscal year only if the percentage for the State in the table
contained in subsection (e) is equal to or exceeds 95 percent
of the ratio determined for the State under subsection
(a)(1)(B)(i) for the fiscal year.
''(3) Limitation on adjustments.--Adjustments of the
percentages in the table contained in subsection (e) in
accordance with this subsection shall not result in a total of
the percentages determined under subsection (a)(2) that exceeds
100 percent.''; and
(4) in subsection (e) (as redesignated by paragraph (2)),
by striking ''subsection (a)'' and inserting ''subsections
(a)(2)(B)(ii) and (d)''.
Highway Funding Equity Act of 2005 - Amends Federal highway law to revise Federal highway minimum guarantee requirements.

Requires the Secretary of Transportation, for each of FY 2005 through 2009, to allocate among the States amounts sufficient to ensure that the percentage for each State of the total apportionments for the fiscal year for certain Federal-aid highway programs (including the basic minimum guarantee under this Act) equals or exceeds 95 percent of the ratio that the estimated gas tax payments attributable to highway users in the State paid into the Highway Trust Fund (HTF) bears to such payments attributable to highway users in all States (with a specified exception for any State having a population density of less than 50 individuals per square mile).

Provides for: (1) the programmatic distribution of funds above $2.8 billion for certain Federal-aid highway programs; (2) the apportionment of the remainder of funds to the States; and (3) required adjustments where the sum of State percentages exceeds 100 percent.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Small Business Regulatory Assistance
Act of 1998''.

SEC. 2. PURPOSE.

The purpose of this Act is to establish a system of confidential
voluntary compliance with Federal regulations that will--
(1) provide a low-cost process to significantly improve
voluntary compliance by small business concerns with Federal
regulations;
(2) improve the level of outreach to the small business
community; and
(3) provide for unbiased feedback to Federal agencies on
the small business regulatory environment.

SEC. 3. ESTABLISHMENT OF PROGRAM.

The Small Business Act (15 U.S.C. 637 et seq.) is amended by
inserting after section 21A the following:

''SEC. 21B. SMALL BUSINESS REGULATORY RELIEF.

''(a) Definitions.--In this section:
''(1) Assistant administrator.--The term 'Assistant
Administrator' means the Assistant Administrator for Small
Business Development Centers of the Administration.
''(2) Compliance assistance plan.--The term 'compliance
assistance plan' means a 5-year plan jointly developed and
revised annually by each participating agency, the Assistant
Administrator, and representatives of an association
representing a majority of small business development centers,
for the establishment and maintenance of the system of
voluntary compliance.
''(3) Participating agency.--The term 'participating
agency' means--
''(A) the Internal Revenue Service of the
Department of the Treasury;
''(B) the Environmental Protection Agency; and
''(C) the Department of Labor.
''(4) Small business development center.--The term 'small
business development center'--
''(A) means a small business development center
established pursuant to section 21; and
''(B) includes a consortium of 2 or more small
business development centers.
''(5) System of voluntary compliance.--The term 'system of
voluntary compliance' means a system under which small business
development centers provide confidential assistance to 1 or
more small business concerns in achieving voluntary compliance
with regulatory requirements imposed on small business concerns
by a participating agency.
''(b) Duties of the Participating Agency--
''(1) Compliance assistance plan.--Not later than 90 days
after the enactment of the Small Business Regulatory Assistance
Act of 1998 and annually thereafter, each participating agency,
the Assistant Administrator, and representatives of an
association representing a majority of small business
development centers, shall agree to a compliance assistance
plan.
''(2) Contents of the compliance assistance plan.--The
compliance assistance plan agreed to under paragraph (1) shall
include--
''(A) the regulatory compliance objectives of each
participating agency;
''(B) the regulatory compliance priorities of each
participating agency;
''(C) identification of the types of services,
materials, and resources to be developed or used by
each participating agency;
''(D) identification of facilities, expertise, and
other resources of each participating agency that may
be accessed by the Assistant Administrator, a small
business development center, or a small business
concern participating in the system of voluntary
compliance established under this section; and
''(E) performance outcome measures and evaluation
criteria to be used by each participating agency in
evaluating the effectiveness of the system of voluntary
compliance established under this section.
''(c) Duties of the Office of Small Business Development Centers.--
''(1) Implementation and administration of the compliance
assistance plan.--
''(A) In general.--Based on the compliance
assistance plan agreed to under subsection (b)(1), not
later than 180 days after the date of enactment of the
Small Business Regulatory Assistance Act of 1998, the
Assistant Administrator, with the agreement of an
association representing a majority of small business
development centers, shall develop and publish
guidelines for the establishment by small business
development centers of the system of voluntary
compliance in accordance with this section.
''(B) Guideline requirements.--The guidelines
published under subparagraph (A) shall--
''(i) establish priorities for the types of
assistance to be provided to small business
concerns under the system of voluntary
compliance established by small business
development centers under this section; and
''(ii) establish standards relating to
educational, technical, and support services
required by small business development centers
to provide a system of voluntary compliance.
''(C) Program delivery.--The guidelines established
under subparagraph (A) shall--
''(i) require that the assistance to small
business concerns participating in the system
of voluntary compliance under this section to
be carried out by small business development
centers, which shall, to the maximum extent
practicable, access other existing Federal and
State nonpunitive, compliance and technical
assistance programs, including, but not limited
to, the technical and environmental compliance
assistance programs established under section
507 of the Clean Air Act Amendments of 1990;
and
''(ii) provide that certain national
service delivery and support requirements be
carried out under contract with an association
representing the majority of small business
development centers.
''(D) Issuance of grant.--Not later than 150 days
after the submission of work plans under subsection
(d)(1), the Assistant Administrator shall make a grant
to each small business development center to carry out
the system of voluntary compliance.
''(d) Duties of Small Business Development Centers.--
''(1) Work plan.--Beginning not later that 60 days after
the date on which the guidelines are published by the Assistant
Administrator under subsection (c)(1)(A), each small business
development center shall, on an annual basis, submit to the
Assistant Administrator a work plan under which the small
business development center will carry out the system of
voluntary compliance in accordance with such guidelines.
''(2) Assistance provided.--
''(A) In general.--Subject to subparagraph (B), the
assistance to small business concerns participating in
the system of voluntary compliance shall include--
''(i) access to information and resources;
''(ii) training and educational activities;
''(iii) confidential, free-of-charge, one-
on-one in-depth counseling;
''(iv) technical assistance; and
''(v) referrals to experts.
''(B) Exception for legal services.--No small
business development center (or any person relied on by
a small business development center in providing
assistance under this section) shall provide legal
services, other than the provision of basic business
law information, without the endorsement of the State
Bar Association of each State in which the small
business development center (or any person relied on by
a small business development center in providing
assistance under this section) are providing services
under this section.
''(3) Reports; recommendations--
''(A) In general.--Each small business development
center receiving assistance under this section shall,
on an annual basis, submit to the Assistant
Administrator a report on the assistance provided by
the small business development center under this
section.
''(B) Privacy protection.--No small business
development center (or any person relied on by a small
business development center in providing assistance
under this section) shall be required to disclose the
name or address of any small business concern
participating in the system of voluntary compliance
under this section.
''(C) Audits.--Subparagraph (B) shall not be
construed to prevent the Assistant Administrator or the
Inspector General of the Administration from auditing a
small business development center (or any person relied
on by a small business development center in providing
assistance under this section).
''(e) Evaluations.--
''(1) Annual report.--The Assistant Administrator shall, on
an annual basis, submit to the Committees on Small Business of
the Senate and the House of Representatives and to the
Regulatory Fairness Board established under section 29 a
report, which shall include--
''(A) a description of the types of assistance
provided by small business development centers to small
business concerns participating in the system of
voluntary compliance;
''(B) the level of outreach to small business
concerns achieved by small business development centers
under this section; and
''(C) recommendations for improvements in the
regulation of small business concerns participating in
the system of voluntary compliance.
''(2) Independent national assessment.--Upon the expiration
of the 3-year period beginning on the date on which a majority
of small business development centers have received grants to
begin implementation of the work plans described under
subsection (d)(1), the Comptroller General of the United States
shall provide for an evaluation of the system of voluntary
compliance established under this section which shall be
submitted to the Committees on Small Business of the Senate and
the House of Representatives.
''(f) Funding.--
''(1) In general.--Subject to paragraph (2), the total
amount received under this section in any fiscal year by small
business development centers located in a State shall not
exceed the sum of--
''(A) the State's pro rata share of the amount made
available under subsection (g), based on the population
of the State as compared to the total population in the
United States; and
''(B) $300,000.
''(2) Exception.--Amounts made available to a small
business development center by the Administration or another
agency to carry out section 21(c)(3)(G) shall not be included
in the calculation of maximum funding of a small business
development center under paragraph (1).
''(3) Exemption from matching requirement.--Amounts made
available to a small business development center under this
section shall not be subject to the matching funds requirements
or the eligibility requirements of section 21(a)(4).
''(4) Certification requirement.--
''(A) In general.--Subject to subparagraph (B),
after September 30, 2000, the Assistant Administrator
may not make any amount available under this section to
a small business development center, unless the small
business development center (or with respect to a
consortium of small business development centers
receiving assistance under this section as a single
grantee, each center within consortium) has been
approved under the certification program under section
21(k)(2).
''(B) Waiver.--The Associate Administrator may
waive the requirements of subparagraph (A) with respect
to a small business development center if the Associate
Administrator determines that the small business
development center is making a good faith effort to
obtain the certification described in subparagraph (A).
''(5) Administrative costs.--Not more than 2 percent of the
amount made available under subsection (g) in each fiscal year
may be used by the Assistant Administrator for the costs of
administration, evaluation, and reporting under this section.
''(g) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section--
''(1) $40,000,000 for fiscal year 1999;
''(2) $50,000,000 for fiscal year 2000;
''(3) $62,000,000 for fiscal year 2001; and
''(4) $77,000,000 for fiscal year 2002.''.
Small Business Regulatory Assistance Act of 1998 - Amends the Small Business Act to require each participating Federal agency (the Internal Revenue Service, Environmental Protection Agency, and Department of Labor), the Assistant Administrator for Small Business Development Centers of the Small Business Administration, and representatives of an association representing a majority of small business development centers (SBDCs) to agree to a small business regulatory compliance assistance plan.
Directs the Assistant Administrator to develop and publish guidelines for the establishment by SBDCs of a system of small business voluntary regulatory compliance (system), with specified guideline requirements. Outlines the assistance to be provided to participating small businesses, with an exception concerning legal services.
Requires annual reports from: (1) each SBDC to the Assistant Administrator on assistance provided; and (2) the Assistant Administrator to the House and Senate Small Business Committees and the Regulatory Fairness Board concerning the assistance provided under this Act, the level of outreach to small businesses achieved by SBDCs, and recommendations for improvements in the regulation of small businesses participating in the system. Directs the Comptroller General to evaluate the system and submit findings to such Committees.
Provides State funding limits for such assistance, with exceptions and an exemption from matching requirements.
Prohibits the Assistant Administrator from providing any funds to an SBDC after September 30, 2000, unless such SBDC has been approved for funding under a certification requirement (with a waiver for a good faith effort to achieve such certification).
Authorizes appropriations for FY 1999 through 2002.