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SECTION 1. ALEXANDER CREEK VILLAGE RECOGNITION.

The Alaska Native Claims Settlement Act (43 U.S.C. 1601 et seq.) is
amended by adding at the end the following:

''SEC. 43. ALEXANDER CREEK VILLAGE RECOGNITION.

''(a) Recognition of the Village of Alexander Creek.--Subject to
the limitations of this section and notwithstanding section 1432(d) of
the Alaska National Interest Lands Conservation Act (Public Law 96-487)
to the contrary, Alexander Creek, located within Township 15N, Range
7W, Seward Meridian, Alaska, is and shall be recognized as an eligible
Native village under section 11(b)(3) of this Act.
''(b) Definitions.--For the purposes of this section, the following
terms apply:
''(1) The term 'agency' includes--
''(A) any instrumentality of the United States;
''(B) any element of an agency; and
''(C) any wholly owned or mixed-owned corporation
of the United States Government identified in chapter
91 of title 31, United States Code.
''(2) The term 'conservation system unit' has the meaning
given that term in the Alaska National Interest Lands
Conservation Act.
''(3) The term 'Alexander Creek' means Alexander Creek
Incorporated, an Alaska Native Group corporation, organized
pursuant to this Act.
''(4) The term 'property' has the meaning given that term
in Public Law 94-204 (43 U.S.C. 1611 note).
''(5) The term 'Region' means Cook Inlet Region
Incorporated, an Alaska Native Regional Corporation, which is
the appropriate Regional Corporation for Alexander Creek under
section 1613(h) of this Act.
''(6) The term 'CIRI Property Account' means the account in
the Treasury established by the Secretary of the Treasury
pursuant to section 12(b) of Public Law 94-204 (43 U.S.C. 1611
note), referred to in that section as the 'Cook Inlet Region,
Incorporated property account'.
''(c) Establishment.--(1) The Secretary of the Treasury, in
consultation with the Secretary of the Interior, shall establish an
account in the Treasury to be known as the 'Alexander Creek account'
which shall be funded in the full amount provided for by this section
within 24 months of the date of enactment of this section
''(2) Funds in the Alexander Creek account shall--
''(A) be available to Alexander Creek for bidding on and
purchasing property sold at public sale, subject to paragraph
(3); and
''(B) remain available until expended.
''(3)(A) Alexander Creek may use funds in the Alexander Creek
account to bid as any other bidder for property in Alaska at any public
sale by an agency and may purchase such property in accordance with
applicable laws and regulations of the agency offering the property for
sale.
''(B) In conducting a transaction described in subparagraph (A), an
agency shall accept, in the same manner as cash, any amount tendered
from the Alexander Creek account. The Secretary of the Treasury shall
adjust the balance of the Alexander Creek account to reflect the
transaction.
''(C) The Secretary of the Treasury, in consultation with the
Secretary of the Interior, shall establish procedures for the following
transactions related to the Alexander Creek account:
''(i) Receipt of deposits.
''(ii) Receipt of deposits into escrow when an escrow is
required for the sale of property.
''(iii) Reinstatement to the Alexander Creek account of any
unused escrow deposits in the event that a sale of property is
not consummated.
''(d) Amount.--(1) The initial balance of the Alexander Creek
account shall be the fair market value as determined by the appraisal
conducted under subsection (g) of the surface estate of the
approximately 61,440 acres of deficiency selections previously made by
Alexander Creek, which comprise the following parcels of land:
''T. 2 T., R. 19 W., secs. 3 and 4.
''T. 2 T., R. 19 W., sec. 10.
''T. 2 T., R. 19 W., secs. 14 and 15.
''T. 3 T., R. 19 W., sec. 30.
''T. 2 T., R. 20 W., secs. 20 through 23.
''T. 3 T., R. 20 W., sec. 10.
''T. 3 T., R. 20 W., sec. 14.
''T. 3 T., R. 20 W., secs. 24 and 25.
''T. 1 T., R. 26 W., sec. 31.
''T. 2 T., R. 27 W., secs. 3 and 4.
''T. 2 T., R. 29 W., secs. 3 through 5.
''T. 2 S., R. 19 W., sec. 18.
''T. 2 S., R. 20 W., secs. 12 and 13.
''T. 2 S., R. 20 W., sec. 24.
''T. 2 S., R. 20 W., secs. 26 and 27.
''T. 2 S., R. 20 W., secs. 33 and 34.
''T. 3 S., R. 23 W., sec. 25.
''T. 6 S., R. 24 W., secs. 1 and 2.
''T. 6 S., R. 24 W., sec. 11.
''T. 6 S., R. 24 W., secs. 18 through 20.
''T. 9 S., R. 27 W., secs. 6 and 7.
''T. 7 S., R. 28 W., sec. 2.
''T. 7 S., R. 28 W., sec. 21.
''T. 7 S., R. 28 W., secs. 28 and 29.
''T. 7 S., R. 28 W., secs. 31 through 33.
''T. 8 S., R. 28 W., secs. 5 through 7.
''T. 9 S., R. 28 W., sec. 1.
''T. 9 S., R. 28 W., sec. 12.
''T. 7 S., R. 29 W., sec. 12.
''T. 8 S., R. 29 W., sec. 1.
''T. 8 S., R. 29 W., secs. 3 and 4.
''T. 8 S., R. 29 W., secs. 8 through 20.
''T. 2 N., R. 20 W., sec. 13.
''T. 1 N., R. 27 W., sec. 8.
''T. 1 N., R. 27 W., sec. 16.
''T. 1 N., R. 27 W., secs. 20 through 23.
''T. 1 N., R. 27 W., sec. 25.
''T. 1 N., R. 27 W., sec. 36.
''T. 1 N., R. 28 W., secs. 1 and 2.
''T. 1 N., R. 28 W., secs. 8 through 11.
''T. 1 N., R. 28 W., secs. 16 through 18.
''T. 3 S., R. 23 W., sec. 8.
''T. 3 S., R. 23 W., sec. 26.
''T. 3 S., R. 23 W., sec. 33.
''T. 6 S., R. 24 W., secs. 27 and 28.
''T. 7 S., R. 28 W., secs. 4 through 7.
''T. 7 S., R. 28 W., secs. 10 and 11.
''T. 7 S., R. 28 W., secs. 14 and 15.
''T. 7 S., R. 28 W., sec. 22.
''T. 8 S., R. 29 W., sec. 5.
''T. 2 N., R. 20 W., sec. 30.
''T. 3 N., R. 20 W., sec. 2.
''T. 3 N., R. 20 W., sec. 13.
''T. 4 N., R. 20 W., sec. 33.
''T. 2 N., R. 27 W., secs. 10 through 12.
''T. 11 N., R. 28 W., secs. 16 through 27.
''T. 2 N., R. 30 W., sec. 12.
''T. 1 S., R. 20 W., sec. 4.
''T. 3 S., R. 23 W., sec. 17.
''T. 3 S., R. 23 W., sec. 28.
''T. 6 S., R. 24 W., sec. 14.
''T. 6 S., R. 24 W., sec. 21.
''T. 6 S., R. 24 W., sec. 26.
''T. 5 S., R. 26 W., secs. 29 and 30.
''T. 7 S., R. 28 W., sec. 1.
''T. 7 S., R. 29 W., sec. 1.
''T. 7 S., R. 29 W., sec. 11.
''T. 7 S., R. 29 W., secs. 14 through 16.
''T. 7 S., R. 29 W., secs. 21 and 22.
''T. 2 N., R. 19 W., sec. 7.
''T. 2 N., R. 19 W., sec. 18.
''(2) The balance of the CIRI Property Account shall be increased
by an amount equal to the fair market value of the subsurface estate of
the approximately 61,440 acres of deficiency selections made by
Alexander Creek, as described in paragraph (1): Provided, That the
value of such subsurface estate shall not be less than 61,440
multiplied by the acre equivalent value of the Region's entitlement
lands under paragraph (2) of the second section of 12(b)(7)(iv) of the
Act of January 2, 1976 (Public Law 94-204). The funds added to the CIRI
Property Account pursuant to this subsection shall be segregated from
all other funds therein by a method to be mutually agreed by CIRI and
the Secretary of the Treasury.
''(e) Land Exchange.--The Secretary of the Interior shall enter
into negotiations with Alexander Creek, no later than 180 days after
the date of the enactment of this Act, to attempt to conclude, under
the authority of section 22(f), a land exchange to acquire lands not
within any conservation system unit from the State of Alaska or the
Matanuska-Susitna Borough under the same procedures set forth in
section 22(f) to enable Alexander Creek to obtain additional public
lands within Alexander Creek's original withdrawal area in Alaska, as
identified by Alexander Creek. The subsurface to lands conveyed to
Alexander Creek under subsection (d) shall be conveyed, without
consideration, to the Region and shall be treated for all purposes as
subsurface land conveyed to the Region under section 14(f). Any land
exchange to be undertaken pursuant to this subsection must be approved
by Alexander Creek, and must be completed no later than 36 months after
the date of the enactment of this Act.
''(f) Adjustment in Account.--If a conveyance of surface estate is
made to Alexander Creek pursuant to subsection (e), the Alexander Creek
account shall be reduced by the amount of the actual acres conveyed
multiplied by the average value per acre of the surface acres appraised
under subsection (g). If a conveyance of subsurface estate is made to
the Region pursuant to subsection (d), the CIRI Property Account shall
be reduced by the amount of the actual acres conveyed multiplied by the
average value per acre of the subsurface acres appraised under
subsection (g).
''(g) Appraisal.--(1)(A) Subject to subsection (d)(2), the
Secretary shall determine the amount to be deposited into the Alexander
Creek and CIRI Property accounts by separately appraising, on a
reasonable basis, based on all available evidence, the fair market
value, as of the date of the enactment of this section, of the surface
and subsurface of each section selected as a separate parcel and
considering that 'public interest' use may be the highest and best use
of such parcels.
''(B) Alexander Creek and the Region shall each have the
opportunity to present evidence of value to the Secretary solely with
respect to the respective estates involved, comprising surface estate
for Alexander Creek and subsurface estate for the Region. The Secretary
shall provide Alexander Creek and the Region with a preliminary draft
of the appraisal. Alexander Creek and the Region shall have a
reasonable and sufficient opportunity to comment on the appraisal.
''(2) The Secretary shall forward a certified copy of the appraisal
of their separate and respective estates each to Alexander Creek, and
the Region.
''(h) Implementation.--(1) Alexander Creek may assign to any person
or corporation without restriction any or all of the Alexander Creek
account upon written notification to the Secretary of the Treasury and
the Secretary of the Interior. In the event that such an assignment is
made to the Region, on notice from Alexander Creek to the Secretary of
the Treasury and the Secretary of the Interior, and subject to the
written consent of the Region in its sole and absolute discretion, the
amount of such assignment shall be added to or made a part of the CIRI
Property Account, and may be used in the same manner as other funds in
that account.
''(2) Except for such lands as Alexander Creek has received prior
to enactment of this section, and such lands it is entitled to recover
as a Group Corporation, upon completion by the Secretary of the
Interior of the appraisal process pursuant to subsection (g), and
notification to the Secretary from Alexander Creek that Alexander Creek
accepts the results of the appraisal process, Alexander Creek shall be
deemed to have accepted the terms of this section in lieu of any other
land entitlement it could have received as a village pursuant to this
Act, including, without limitation, any lands it would have received
pursuant to section 12(b). Such acceptance shall satisfy all claims
Alexander Creek had or may have had against the United States on the
date of the enactment of this section.
''(3) Any land acquired by Alexander Creek with funds from the
Alexander Creek account shall be deemed to be a conveyance pursuant to
this Act.
''(i) Treatment of Amounts From the Alexander Creek Account.--The
Secretary of the Treasury and the heads of agencies shall administer
sales pursuant to this section in the same manner as is provided for
any other Native village authorized by law as of the date of the
enactment of this section (including the use of similar accounts for
bidding on and purchasing property sold for public sale).
''(j) Limitation on Agents' and Attorneys' Fees.--No more than 2.5
percent of payments received by or on behalf of Alexander Creek under
this section may be paid to or received by any agent or attorney for
services rendered in connection with obtaining such payment, any
contract to the contrary notwithstanding. Any person who violates this
subsection shall be guilty of a misdemeanor and shall be subject to a
fine in the amount provided in title 18, United States Code.
''(k) Shareholder Participation.--Alexander Creek shall notify each
member of the Native village recognized under this section that, upon
the effective date of this provision, such members shall cease to
receive benefits from the Region as at-large shareholders pursuant to
section 7(m), and that all future resource payments from the Region
shall be made to the Village Corporation pursuant to section 7(j). The
Region shall not be liable under any State, Federal or local law, or
under State or Federal common law, for damages arising out of or
related to the cessation of payments to such individuals under section
7(m) pursuant to this section.
''(l) Statutory Construction.--Nothing in this section shall be
construed to--
''(1) limit, alter, violate, breach, or otherwise affect
the rights of any party under a contract, settlement agreement,
or land exchange entered into prior to enactment of this
section between Alexander Creek and any party, or one or more
parties to any contract, settlement, agreement, or land
exchange predicated upon Alexander Creek's Native village
status under this Act; or
''(2) diminish, reduce, or modify the acreage entitlement
to which Alexander Creek became entitled to as a Group
Corporation.''.
Amends the Alaska Native Claims Settlement Act (ANCSA) to recognize the village of Alexander Creek, Alaska, as eligible for land and benefits under the Act, notwithstanding specified provisions of the Alaska National Interest Lands Conservation Act.

Establishes in the Treasury the Alexander Creek account and makes the account's funds available to Alexander Creek Incorporated for purchasing property sold at public sale. Increases the existing CIRI Property Account's balance by the subsurface value of Alexander Creek's selections.

Directs the Secretary of the Interior to negotiate for a land exchange to acquire the surface estate in lands not in any conservation system unit from Alaska or the Mantanuska-Susitna Borough to enable Alexander Creek to obtain additional public lands in Alexander Creek's original withdrawal area in Alaska.

Requires the subsurface estate to the lands conveyed to Alexander Creek to be conveyed to CIRI.

Deems Alexander Creek, on completion (and acceptance by Alexander Creek) of an appraisal, to have accepted the terms of this Act in lieu of any other land entitlement it could have received as a village under ANCSA. Requires that such acceptance satisfy all claims of Alexander Creek against the United States.

Requires Alexander Creek to notify each Alexander Creek member that the members will cease to receive benefits from CIRI as at-large shareholders and that all future resource payments from the Region will be made to the Village Corporation. Relieves CIRI from liability under any state, federal, or local law for damages related to that payment cessation.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Fair Disbursement of Offshore Oil
Revenue Act of 2001''.

SEC. 2. FINDINGS.

The Congress finds that--
(1) the demand for energy in the United States is
increasing and will continue to increase for the foreseeable
future;
(2) domestic production of oil and gas is declining;
(3) the United States continues to be overly dependent on
foreign sources of oil and gas;
(4) the Outer Continental Shelf contains significant
quantities of oil and gas that should be developed to meet
United States energy needs while safeguarding important
environmental values;
(5) the exploration, development, and production of Outer
Continental Shelf resources, and the siting of related energy
facilities, may impact various State and local governments; and
(6) coastal States and counties should be provided with a
share of the revenues derived from Outer Continental Shelf oil
and gas leasing, exploration, development, and production
activities.

SEC. 3. DEFINITIONS.

For purposes of this Act--
(1) the term ''coastal State'' means any State of the
United States bordering on the Atlantic Ocean, the Pacific
Ocean, the Arctic Ocean, or the Gulf of Mexico;
(2) the term ''coastal county'' means a unit of general
government immediately below the level of State government, as
determined by the Secretary under section 6, with jurisdiction
over lands along the coast line;
(3) the term ''coast line'' has the meaning given such term
under the Submerged Lands Act (43 U.S.C. 1301 et seq.);
(4) the term ''Outer Continental Shelf'' has the meaning
given the term ''outer Continental Shelf'' under the Outer
Continental Shelf Lands Act (43 U.S.C. 1331 et seq.);
(5) the term ''Secretary'' means the Secretary of the
Interior; and
(6) the term ''revenues'' means all bonuses, rents,
royalties, and other moneys collected under the Outer
Continental Shelf Lands Act (43 U.S.C. 1331 et seq.), and
interest thereon.

SEC. 4. COASTAL COMMUNITIES OUTER CONTINENTAL SHELF RECEIPT FUND.

(a) Establishment.--There is established an interest bearing
account in the Treasury of the United States to be known as the Coastal
Communities Outer Continental Shelf Receipt Fund (hereafter in this Act
referred to as ''the Fund'').
(b) Payments to Fund.--Beginning in fiscal year 2002, the Secretary
shall pay into the Fund all revenues described in subsection (c) that
are attributable to an Outer Continental Shelf lease, any part of which
is within 200 geographical miles of the coast line. The Secretary may
adjust amounts in the Fund at any time to account for overpayments,
underpayments, and errors.
(c) New Revenues.--Subsection (b) shall apply only to--
(1) bonus revenues under a lease if no bonus revenues have
been received by the Secretary under that lease before January
1, 2001;
(2) rent revenues under a lease if no rent revenues have
been received by the Secretary under that lease before January
1, 2001;
(3) royalty revenues under a lease if no royalty revenues
have been received by the Secretary under that lease before
January 1, 2001; and
(4) other revenues under a lease if the lease was issued on
or after January 1, 2001.

SEC. 5. DISPOSITION OF FUND.

(a) State Share.--(1) Six months after the end of fiscal year 2002,
and annually thereafter, the Secretary shall pay from the Fund to each
coastal State one-half of such revenues paid into the Fund with respect
to the fiscal year most recently completed, and any interest earned
thereon, as may be attributable to that State.
(2) In order to determine to which State revenues are attributable
for purposes of this Act, the Secretary shall delimit the lateral
boundaries between the coastal States to a point 200 geographic miles
seaward of the coast line. Such boundaries shall be set according to
the following principles, listed in order of the priority of their
application:
(A) Any judicial decrees or interstate compacts delimiting
lateral offshore boundaries between coastal States.
(B) Principles of domestic and international law governing
the delimitation of lateral offshore boundaries.
(C) The desirability of following existing lease boundaries
and block lines on the Secretary's official protraction
diagrams.
(3) Each coastal State, before receiving funds under this
subsection, shall annually enact the necessary legislation to provide
any State permits required for onshore facilities needed to support
offshore oil or gas development or production in the area adjacent to
that coastal State. If a State fails to enact such legislation, the
funds attributable to that State shall not be disbursed, and the
Secretary shall take into consideration that failure before offering
any additional leases for sale in the offshore area adjacent to that
State.
(b) Coastal County Share.--(1) At the same time that the Secretary
pays revenues to coastal States under subsection (a), the Secretary
shall pay to coastal counties within that State the remaining one-half
of the revenues, and any interest earned on those revenues, in the Fund
for that fiscal year attributable to that State.
(2) In order to determine to which coastal county revenues are
attributable for purposes of this Act, the Secretary shall delimit the
lateral boundaries between the coastal counties to a point 200
geographic miles seaward of the coast line. Such boundaries shall be
set according to the following principles, listed in order of the
priority of their application:
(A) Existing boundaries between coastal counties with valid
supporting legal authority.
(B) The desirability of following existing lease boundaries
and block lines on the Secretary's official protraction
diagrams.
(C) The principle that, to the extent consistent with
subparagraphs (A) and (B), the size of the coastal county's
adjacent offshore area, as a percentage of all of that State's
adjacent offshore areas, shall be based on a formula giving
equal weight to--
(i) the coastal county's coast line as a percentage
of the State's coast line, calculated using the same
large-scale charts of the National Ocean Service that
are used to delimit the territorial sea under
international law; and
(ii) the coastal county's population as a
percentage of the population of all coastal counties in
the State, calculated by the Secretary using the best
available national census data.
(3) Each coastal county, before receiving funds under this
subsection, shall annually enact by county statute or ordinance the
necessary legislation to provide the local permits required for onshore
facilities needed to support offshore oil or gas development or
production in the area adjacent to that coastal county, and the
necessary legislation to expend such funds. If a county fails to enact
such legislation, the funds attributable to that county shall not be
disbursed, and the Secretary shall take into consideration that failure
before offering any additional leases for sale in the offshore area
adjacent to that county.
(c) Use of Funds by States.--Each coastal State shall use funds
received pursuant to subsection (a)--
(1) to pay for the administrative costs the State incurs in
the leasing and permitting process as specified in the Outer
Continental Shelf Lands Act;
(2) for such environmental and natural resource projects as
the State determines; or
(3) for such educational projects as the State determines.
(d) County Distribution of Funds.--Each coastal county shall
develop a formula to allocate at least two-thirds of the funds received
pursuant to subsection (b) to local communities within its jurisdiction
based on the proximity of these communities to the coast, except that
funds shall be withheld from communities that the Secretary determines
have failed to issue permits required for onshore facilities needed to
support offshore oil or gas development or production in the area
adjacent to that coastal county.

SEC. 6. DESIGNATION OF COASTAL COUNTIES.

For the purposes of this Act, the Secretary, after consultation
with the Governor of each coastal State, shall determine which
counties, parishes, boroughs, tribal governments, or other units of
general government immediately below the level of State government
shall be designated as coastal counties.

SEC. 7. LIMITATIONS ON APPLICABILITY OF BOUNDARIES.

The boundaries and areas delimited under section 5 are solely for
the purposes of this Act.
Fair Disbursement of Offshore Oil Revenue Act of 2001 - Establishes in the Treasury the Coastal Communities Outer Continental Shelf Receipt Fund.Instructs the Secretary of the Interior to: (1) pay into the Fund certain revenues attributable to an Outer Continental Shelf lease, any part of which is within 200 geographical miles of the coast line; and (2) pay annually from the Fund to each coastal State one-half, and its coastal counties the other half, of such revenues as may be attributable to that State.Conditions receipt of such funds upon annual enactment by the affected coastal State and related coastal county of the legislation necessary to provide any permits required for onshore facilities needed to support offshore oil or gas development or production in the pertinent area.Prohibits disbursement of funds to a coastal State or county that fails to enact such legislation. Requires the Secretary to take such failure into consideration before offering additional leases for sale in the offshore area adjacent to such jurisdiction.Requires each State to use such funds for leasing and permitting administrative costs, and for environmental, natural resource, and educational projects.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Small Business Microlending
Expansion Act of 2009''.

SEC. 2. MICROLOAN CREDIT BUILDING INITIATIVE.

Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is
amended by adding at the end the following:
''(14) Credit reporting information.--The Administrator
shall establish a process, for use by an intermediary making a
loan to a borrower under this subsection, under which the
intermediary shall provide to the major credit reporting
agencies the information about the borrower, both positive and
negative, that is relevant to credit reporting, such as the
payment activity of the borrower on the loan. Such process
shall allow an intermediary the option of providing information
to the major credit reporting agencies through the
Administration or independently.''.

SEC. 3. FLEXIBLE CREDIT TERMS.

Section 7(m) of the Small Business Act (15 U.S.C. 636(m)), as
amended by this Act, is further amended--
(1) in paragraph (1)(B)(i) by striking ''short-term,'';
(2) in paragraph (6)(A) by striking ''short-term,''; and
(3) in paragraph (11)(B) by striking ''short-term,''.

SEC. 4. INCREASED PROGRAM PARTICIPATION.

Section 7(m)(2) of the Small Business Act (15 U.S.C. 636(m)(2)) is
amended--
(1) in subparagraph (A) by striking ''paragraph (10)'' and
inserting ''paragraph (11)''; and
(2) by amending subparagraph (B) to read as follows:
''(B) has--
''(i) at least--
''(I) 1 year of experience making
microloans to startup, newly
established, or growing small business
concerns; or
''(II) 1 full-time employee who has
not less than 3 years of experience
making microloans to startup, newly
established, or growing small business
concerns; and
''(ii) at least--
''(I) 1 year of experience
providing, as an integral part of its
microloan program, intensive marketing,
management, and technical assistance to
its borrowers; or
''(II) 1 full-time employee who has
not less than 1 year of experience
providing intensive marketing,
management, and technical assistance to
borrowers.''.

SEC. 5. INCREASED LIMIT ON INTERMEDIARY BORROWING.

Section 7(m)(3)(C) of the Small Business Act (15 U.S.C.
636(m)(3)(C)) is amended--
(1) by striking ''$750,000'' and inserting ''$1,000,000'';
(2) by striking ''$3,500,000'' and inserting
''$7,000,000''; and
(3) by adding at the end the following: ''The Administrator
may treat the amount of $7,000,000 in this subparagraph as if
such amount is $10,000,000 if the Administrator determines,
with respect to an intermediary, that such treatment is
appropriate.''.

SEC. 6. EXPANDED BORROWER EDUCATION ASSISTANCE.

Section 7(m)(4)(E) of the Small Business Act (15 U.S.C.
636(m)(4)(E)) is amended--
(1) in clause (i) by striking ''25 percent'' and inserting
''35 percent''; and
(2) in clause (ii) by striking ''25 percent'' and inserting
''35 percent''.

SEC. 7. YOUNG ENTREPRENEURS PROGRAM.

Section 7(m)(4) of the Small Business Act (15 U.S.C. 636(m)(4)) is
amended by adding at the end the following:
''(G) Young entrepreneurs program.--
''(i) In general.--An intermediary that
receives a grant under paragraph (1)(B)(ii) may
establish a program for the geographic area
served by such intermediary that provides to
young entrepreneurs technical assistance
regarding the following:
''(I) Establishing or operating a
small business concern in the
geographic area served by the
intermediary.
''(II) Acquiring or securing
financing to carry out the activities
described in subclause (I).
''(ii) Young entrepreneur defined.--For
purposes of this subparagraph, a young
entrepreneur is an individual who--
''(I) is 25 years of age or
younger; and
''(II) has resided in the
geographic area served by the
intermediary for not less than 2 years.
''(iii) Good faith effort requirement.--If
a young entrepreneur who receives technical
assistance under this subparagraph from an
intermediary establishes or operates a small
business concern, the young entrepreneur shall
make a good faith effort to establish or
operate such concern in the geographic area
served by the intermediary.
''(iv) Deferred repayment.--If a small
business concern established or operated by a
young entrepreneur receives a loan under this
subsection, such concern may defer repayment on
such loan for a period of not more than 6
months beginning on the date that such concern
receives the final disbursement of such
loan.''.

SEC. 8. INTEREST RATES AND LOAN SIZE.

Section 7(m) of the Small Business Act (15 U.S.C. 636(m)), as
amended by this Act, is further amended--
(1) in paragraph (3)(F)(iii) by striking ''$7,500'' and
inserting ''$10,000'';
(2) in paragraph (6)(C)(i) by striking ''$7,500'' and
inserting ''$10,000''; and
(3) in paragraph (6)(C)(ii) by striking ''$7,500'' and
inserting ''$10,000''.

SEC. 9. REPORTING REQUIREMENT.

Section 7(m) of the Small Business Act (15 U.S.C. 636(m)), as
amended by this Act, is further amended by adding at the end the
following:
''(15) Reporting requirement.--Not later than 90 days after
the end of each fiscal year, the Administrator shall submit to
the Committee on Small Business of the House of Representatives
and the Committee on Small Business and Entrepreneurship of the
Senate a report that includes, with respect to such fiscal year
of the microloan program, the following:
''(A) The names and locations of each intermediary
that received funds to make microloans or provide
marketing, management, and technical assistance.
''(B) The amounts of each loan and each grant
provided to each such intermediary in such fiscal year
and in prior fiscal years.
''(C) A description of the contributions from non-
Federal sources of each such intermediary.
''(D) The number and amounts of microloans made by
each such intermediary to all borrowers and to each of
the following:
''(i) Women entrepreneurs and business
owners.
''(ii) Low-income entrepreneurs and
business owners.
''(iii) Veteran entrepreneurs and business
owners.
''(iv) Disabled entrepreneurs and business
owners.
''(v) Minority entrepreneurs and business
owners.
''(E) A description of the marketing, management,
and technical assistance provided by each such
intermediary to all borrowers and to each of the
following:
''(i) Women entrepreneurs and business
owners.
''(ii) Low-income entrepreneurs and
business owners.
''(iii) Veteran entrepreneurs and business
owners.
''(iv) Disabled entrepreneurs and business
owners.
''(v) Minority entrepreneurs and business
owners.
''(F) The number of jobs created and retained as a
result of microloans and marketing, management, and
technical assistance provided by each such
intermediary.
''(G) The repayment history of each such
intermediary.
''(H) The number of businesses that achieved
success after receipt of a microloan.''.

SEC. 10. SURPLUS INTEREST RATE SUBSIDY FOR BUSINESSES.

Section 7(m) of the Small Business Act (15 U.S.C. 636(m)), as
amended by this Act, is further amended by adding at the end the
following:
''(16) Interest assistance.--The Administrator is
authorized to make grants to intermediaries for the purposes of
reducing interest rates charged to borrowers that receive
financing under this subsection.''.

SEC. 11. AUTHORIZATION OF APPROPRIATIONS.

Section 20 of the Small Business Act (15 U.S.C. 631 note) is
amended by inserting after subsection (e) the following:
''(f) Fiscal Years 2010 and 2011 With Respect to Section 7(m).--
''(1) Program levels.--For the programs authorized by this
Act, the Administration is authorized to make during each of
fiscal years 2010 and 2011--
''(A) $80,000,000 in technical assistance grants,
as provided in section 7(m);
''(B) $110,000,000 in direct loans, as provided in
section 7(m); and
''(C) $10,000,000 in interest assistance grants, as
provided in section 7(m)(16).
''(2) Authorization of appropriations.--There is authorized
to be appropriated such sums as may be necessary to carry out
paragraph (1).''.

SEC. 12. REGULATIONS.

Except as otherwise provided in this Act or in amendments made by
this Act, after an opportunity for notice and comment, but not later
than 180 days after the date of the enactment of this Act, the
Administrator shall issue regulations to carry out this Act and the
amendments made by this Act.

Passed the House of Representatives November 7, 2009.

Attest:

LORRAINE C. MILLER,

Clerk.
Small Business Microlending Expansion Act of 2009 - (Sec. 2) Amends the Small Business Act with respect to the Small Business Administration (SBA) Microloan program (small-scale loans to start-up, newly established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment) to direct the SBA Administrator to establish a process under which an intermediary making a Microloan loan provides relevant borrower information to the major credit reporting agencies.

(Sec. 3) Removes the requirement that such loans be short-term only.

(Sec. 4) Increases eligibility for Microloan program participation to include intermediaries with at least one full-time employee with not less than: (1) three years of experience making microloans to startup, newly established, or growing small businesses; or (2) one year of experience providing intensive marketing, management, and technical assistance to borrowers.

(Sec. 5) Increases from: (1) $750,000 to $1 million the loan limit to an intermediary in the first year of participation; and (2) $3.5 million to $7 million the loan limit for the remaining years of participation.

(Sec. 6) Increases from 25% to 35% of grant funds received the maximum amount that may be used by an intermediary to provide information and technical assistance to small business borrowers.

(Sec. 7) Allows intermediaries that receive grants to establish a program that provides technical assistance to young entrepreneurs in establishing or operating a small business, or in securing financing, in the area served by the intermediary.

(Sec. 8) Increases from $7,500 to $10,000 the maximum loan amount to a small business borrower that will qualify for a reduced interest rate from the intermediary.

(Sec. 9) Directs the Administrator to submit annually to the congressional small business committees specified information with respect to the Microloan program, including participating intermediaries and borrowers, and the marketing, management, and technical assistance provided.

(Sec. 10) Authorizes the Administrator to make grants to intermediaries for reducing interest rates charged to Microloan borrowers (interest assistance grants).

(Sec. 11) Authorizes the Administrator to make Microloan technical assistance grants, direct loans, and interest assistance grants for FY2010-FY2011, and authorizes appropriations for such loans and grants.