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Code · BILL · 116th Congress · S. 2131 (Introduced in Senate) — To amend the Small Business Act and the Small Business Investment Act of 1958 to increase access to capital for small... · Sec. 4

Sec. 4. Assistance for small manufacturers

781 words·~4 min read·/bill/116/s/2131/is/section-4

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The Small Business Act ( 15 U.S.C. 631 et seq.) is amended— in section 7(a) ( 15 U.S.C. 636(a) ), by adding at the end the following: The Administrator shall ensure that each district office of the Administration partners with not less than 1 resource partner of the Administration, including a small business development center, a women’s business center described in section 29, the Service Corps of Retired Executives, and a Veteran Business Outreach Center, to provide training to small business concerns described in paragraph (2)(F)(i) in obtaining assistance under the programs under this subsection and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process under such programs and partnering with participating lenders under this subsection. ; in section 8 ( 15 U.S.C. 637 ), by striking subsection
(c)and inserting the following: In this subsection, the term SCORE program means the Service Corps of Retired Executives authorized under subsection (b)(1)(B). Under the SCORE program, the Administrator may recruit volunteers to assist small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process under such programs and partnering with participating lenders under such section 7(a). ; in section 21(c)(3) ( 15 U.S.C. 648(c)(3) )— in subparagraph (T), by striking and at the end; in the first subparagraph designated as subparagraph (U), as added by section 862 of division A of the John S. McCain National Defense Authorization Act for Fiscal Year 2019 ( Public Law 115–232 ), by striking the period at the end and inserting a semicolon; by redesignating the second subparagraph designated as subparagraph (U), as added by section 5 of the Small Business Innovation Protection Act of 2017 ( Public Law 115–259 ; 132 Stat. 3665), as subparagraph (V); in subparagraph (V), as so redesignated, by striking the period at the end and inserting ; and ; and by adding at the end the following: providing training to small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process under such programs and partnering with participating lenders under such section 7(a). ; in section 29(b) ( 15 U.S.C. 656(b) )— in paragraph (2), by striking and at the end; in paragraph (3), by striking the period at the end and inserting ; and ; and by adding at the end the following: training to small business concerns owned and controlled by women that are small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process under such programs and partnering with participating lenders under such section 7(a). ; and in section 32 ( 15 U.S.C. 657b ), by adding at the end the following: The Associate Administrator shall ensure that Veterans Business Outreach Centers assist small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process under such programs and partnering with participating lenders under such section 7(a). . Title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.) is amended by adding at the end the following: The Administrator shall ensure that each district office of the Administration partners with not less than 1 resource partner of the Administration, including a small business development center described in section 21 of the Small Business Act ( 15 U.S.C. 648 ), a women’s business center described in section 29 of the Small Business Act ( 15 U.S.C. 656 ), the Service Corps of Retired Executives, and a Veteran Business Outreach Center, to provide training to small business concerns described in section 7(a)(2)(F)(i) of the Small Business Act ( 15 U.S.C. 636(a)(2)(F)(i) ) in obtaining assistance under the program carried out under this title, including with respect to the application process under that program and partnering with development companies under this title. . The Small Business Administration and its resource partners may establish partnerships with the Hollings Manufacturing Extension Partnership Program of the National Institute of Standards and Technology and its affiliated centers to facilitate outreach to small manufacturers in providing training and guidance with respect to the application process for loans guaranteed by the Administration.
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