S.Amdt. 4606

SA 4606. Mr. UDALL of New Mexico submitted an amendment intended to
be proposed to amendment SA 4594 proposed by Mr. Reid (for Mr. Baucus
(for himself, Ms. Landrieu, and Mr. Reid)) to the bill H.R. 5297, to
create the Small Business Lending Fund Program to direct the Secretary
of the Treasury to make capital investments in eligible institutions in
order to increase the availability of credit for small businesses, to
amend the Internal Revenue Code of 1986 to provide tax incentives for
small business job creation, and for other purposes; which was ordered
to lie on the table; as follows:

On page 243, line 21, strike ``The Secretary'' and insert
``Not later than 1 year after the date of enactment of this
Act, and every year thereafter for 5 years, the Secretary''.

On page 243, line 25, insert ``and every year thereafter
for 5 years,'' before ``the Secretary shall submit''.
On page 244, between lines 8 and 9, insert the following:
(d) Appropriate Action.--If the Secretary determines that
the Program has not effectively served women-owned
businesses, veteran-owned businesses, or minority-owned
businesses, the Secretary may formulate a plan to redress the
needs of the affected businesses.
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