Sec. 40402. Manufacturing facility
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The State Small Business Credit Initiative Act of 2010 ( 12 U.S.C. 5701 et seq. ) is amended— in section 3003— in subsection (b), by adding at the end the following: Not later than 30 days after the date of enactment of this paragraph, the Secretary shall allocate Federal funds to participating States so that each State is eligible to receive an amount equal to what the State would receive under the 2022 allocation, as determined under subparagraph (B). With respect to States, the Secretary shall determine the 2022 allocation by allocating Federal funds among the States based on the manufacturing job losses per State over the 30-year period ending on the date of enactment of this paragraph.
If the Secretary determines that manufacturing job loss data with respect to a State is unavailable from the Bureau of Labor Statistics of the Department of Labor, the Secretary shall consider such other economic and employment data that is otherwise available for purposes of determining the employment data of such State. ; and by adding at the end the following: With respect to the 2022 allocation: The Secretary shall transfer the full amount of each allocation to a State in a single transfer and shall complete such transfer before September 30, 2022.
States may use allocations of amounts appropriated for fiscal year 2022 to carry out the Program only— for making Federal contributions to, or for the account of, an approved State program, for the purposes of, as determined by the Secretary of the Treasury— maintaining the economic competitiveness of the United States; maintaining a strong manufacturing base in the United States, including promoting advanced manufacturing technology and innovative technology; increasing the supply and innovation of factory-built housing for affordability, accessibility, efficiency, and resilience; or helping the United States transition to clean energy or clean manufacturing processes to combat climate change or to invest in innovation for climate change adapted production processes; as collateral for a qualifying loan or swap funding facility, for the purposes described under subparagraph (A); and for paying administrative costs incurred by the State in implementing an approved State program in an amount not to exceed 5 percent of such State’s allocation.
Section 3004(d) shall apply to the 2022 allocation to the same extent as such provision applies to an allocation made under subsection (d), except that— paragraph
(1)of section 3004(d) shall be applied by substituting 6 months for 9 months ; and paragraph
(2)of section 3004(d) shall be applied by substituting 9 months for 12 months . ; and in section 3009(c), by striking 7-year period and inserting 10-year period . In addition to amounts otherwise available, there is hereby appropriated to the Secretary of the Treasury for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, $1,000,000,000, to remain available until September 30, 2031, to carry out the amendments made by subsection (a). The amendments made by this section shall apply with respect to funds appropriated on the date of enactment of this section.
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Sec. 40402
Manufacturing facility
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