S.Amdt. 2094

SA 2094. Mrs. SHAHEEN submitted an amendment intended to be proposed
by her to the bill S. 2155, to promote economic growth, provide
tailored regulatory relief, and enhance consumer protections, and for
other purposes; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. REINSTATING THE FEDERAL RESERVE SURVEY OF SMALL
BUSINESS FINANCES.

(a) Purpose.--The purpose of this section is to reinstate
the Survey of Small Business Finances, which was conducted
every 5 years from 1987 to 2003, in order to provide Congress
and the public with data essential to identify where the
inequities lie in access to credit for small business
concerns in the United States, especially in underserved
markets, including small business concerns owned and
controlled by women and small business concerns owned and
controlled by socially and economically disadvantaged
individuals.

[[Page S1472]]

(b) Definitions.--In this section--
(1) the term ``Board of Governors'' means the Board of
Governors of the Federal Reserve System;
(2) the terms ``small business concern'' and ``small
business concern owned and controlled by women'' have the
meanings given those terms in section 3 of the Small Business
Act (15 U.S.C. 632); and
(3) the term ``small business concern owned and controlled
by socially and economically disadvantaged individuals'' has
the meaning given the term in section 8(d)(3)(C) of the Small
Business Act (15 U.S.C. 637(d)(3)(C)).
(c) Survey.--
(1) In general.--Beginning not later than 1 year after the
date of enactment of this Act, and every 5 years thereafter,
the Board of Governors shall collect, compile, analyze,
prepare, and publish data for a survey of small business
finances using the same or similar questions included in the
2003 Survey of Small Business Finances, as conducted by the
Board of Governors.
(2) Scope.--The Board of Governors shall collect
comprehensive financial information from a representative
sample of small business concerns in the United States for
the survey described in paragraph (1).
(3) Additional data collection.--The Board of Governors may
add questions to the survey described in paragraph (1),
including questions that provide more data about the
financing and credit sources and the proportion of those
sources to small business concerns owned and controlled by
socially and economically disadvantaged individuals.
(4) Accessibility of data.--All data, the questionnaires,
and technical documentation for the survey described in
paragraph (1) shall be accessible to the public on an
Internet website and free of charge.
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