S.Amdt. 247
What it does: Adds SEC. ___. MAXIMUM PURCHASE LIMIT UNDER THE SMALL BUSINESS LENDING FUND PROGRAM; TRANSFER OF FUNDS at the end of the bill
Sen. Orrin G. Hatch (R-UT)What it changes
1 change to S. 493 · shown in the bill's text
Adds SEC. ___. MAXIMUM PURCHASE LIMIT UNDER THE SMALL BUSINESS LENDING FUND PROGRAM; TRANSFER OF FUNDS at the end of the bill
Adds a sectionIn S. 493 · Reported to Senate
"(mm) Competitive Selection Procedures for SBIR and STTR Programs.--All funds awarded, appropriated, or otherwise made available in accordance with subsection (f) or (n) must be awarded pursuant to competitive and merit-based selection procedures.".
Inserted: SEC. ___. MAXIMUM PURCHASE LIMIT UNDER THE SMALL BUSINESS LENDING FUND PROGRAM; TRANSFER OF FUNDS.
Inserted: (a) Maximum Purchase Limit.--Section 4103(a)(2) of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) is amended by striking "$30,000,000,000" and inserting "$20,000,000,000".
Inserted: (b) Transfer of Amounts in Fund.--Section 4108 of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) is amended by adding at the end the following:
Inserted: "(c) Transfer of Amounts.--On the date of enactment of the SBIR/STTR Reauthorization Act of 2011, the Secretary shall transfer $10,000,000,000 from the Fund to the general fund of the Treasury for reduction of the public debt.".
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 247. Mr. HATCH submitted an amendment intended to be proposed by him to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. ___. MAXIMUM PURCHASE LIMIT UNDER THE SMALL BUSINESS LENDING FUND PROGRAM; TRANSFER OF FUNDS.
(a) Maximum Purchase Limit.--Section 4103(a)(2) of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) is amended by striking “$30,000,000,000” and inserting “$20,000,000,000”.
(b) Transfer of Amounts in Fund.--Section 4108 of the Small Business Jobs Act of 2010 (12 U.S.C. 4741 note) is amended by adding at the end the following:
“(c) Transfer of Amounts.--On the date of enactment of the SBIR/STTR Reauthorization Act of 2011, the Secretary shall transfer $10,000,000,000 from the Fund to the general fund of the Treasury for reduction of the public debt.”.
Legislative Activity
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Senate amendment submitted
March 17, 2011