II
111th CONGRESS
2d Session
S. 3165
IN THE SENATE OF THE UNITED STATES
March 25, 2010
Ms. Landrieu (for herself, Ms. Snowe, and Mr. Durbin) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
A BILL
To authorize the Administrator of the Small Business Administration to waive the non-Federal share requirement under certain programs.
Short title
This Act may be cited as the
Small Business Community Partner
Relief Act of 2010
.
Matching requirements under small business programs
Microloan program
Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended—
in paragraph (3)(B)—
by striking
As a condition
and inserting the following:
In general
Subject to clause (ii), as a condition
;
by striking
the Administration
and inserting the
Administrator
; and
by adding at the end the following:
Waiver of non-Federal share
In general
Upon request by an intermediary, and in accordance with this clause, the Administrator may waive, in whole or in part, the requirement to obtain non-Federal funds under clause (i) for a fiscal year. The Administrator may not waive the requirement for an intermediary to obtain non-Federal funds under this clause for more than a total of 2 fiscal years.
Considerations
In determining whether to waive the requirement to obtain non-Federal funds under this clause, the Administrator shall consider—
the economic conditions affecting the intermediary;
the impact a waiver under this clause would have on the credibility of the microloan program under this subsection;
the demonstrated ability of the intermediary to raise non-Federal funds; and
the performance of the intermediary.
Limitation
The Administrator may not waive the requirement to obtain non-Federal funds under this clause if granting the waiver would undermine the credibility of the microloan program under this subsection.
; and
in paragraph (4)(B)—
by striking
As a condition
and all that follows through the
Administration shall require
and inserting the following:
In general
Subject to clause (ii), as a condition of a grant made under subparagraph (A), the Administrator shall require
; and
by adding at the end the following:
Waiver of non-Federal share
In general
Upon request by an intermediary, and in accordance with this clause, the Administrator may waive, in whole or in part, the requirement to obtain non-Federal funds under clause (i) for a fiscal year. The Administrator may not waive the requirement for an intermediary to obtain non-Federal funds under this clause for more than a total of 2 fiscal years.
Considerations
In determining whether to waive the requirement to obtain non-Federal funds under this clause, the Administrator shall consider—
the economic conditions affecting the intermediary;
the impact a waiver under this clause would have on the credibility of the microloan program under this subsection;
the demonstrated ability of the intermediary to raise non-Federal funds; and
the performance of the intermediary.
Limitation
The Administrator may not waive the requirement to obtain non-Federal funds under this clause if granting the waiver would undermine the credibility of the microloan program under this subsection.
.
Women's business center program
Section 29(c) of the Small Business Act (15 U.S.C. 656(c)) is amended—
in paragraph (1),
by striking As a condition
and inserting Subject to
paragraph (5), as a condition
; and
by adding at the end the following:
Waiver of non-Federal share relating to technical assistance and counseling
In general
Upon request by a recipient organization, and in accordance with this paragraph, the Administrator may waive, in whole or in part, the requirement to obtain non-Federal funds under this subsection for the technical assistance and counseling activities of the recipient organization carried out using financial assistance under this section for a fiscal year. The Administrator may not waive the requirement for a recipient organization to obtain non-Federal funds under this paragraph for more than a total of 2 fiscal years.
Considerations
In determining whether to waive the requirement to obtain non-Federal funds under this paragraph, the Administrator shall consider—
the economic conditions affecting the recipient organization;
the impact a waiver under this clause would have on the credibility of the women's business center program under this section;
the demonstrated ability of the recipient organization to raise non-Federal funds; and
the performance of the recipient organization.
Limitation
The Administrator may not waive the requirement to obtain non-Federal funds under this paragraph if granting the waiver would undermine the credibility of the women's business center program under this section.
.