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Code · BILL · 117th Congress · H.R. 5521 (Introduced in House) — To amend the Small Business Investment Act of 1958 to provide opportunities to rural business investment companies, a... · Sec. 4

Sec. 4. Interagency working group

333 words·~2 min read·/bill/117/hr/5521/ih/section-4

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Not later than 180 days after the date of enactment of this Act, the Administrator, in consultation with the Secretary, shall establish an interagency working group to develop— administrative recommendations for improving the coordination between the Administration and the Department of Agriculture in administering the program carried out under part A of title III of the Small Business Investment Act of 1958 ( 15 U.S.C. 681 et seq. ) and the program carried out under subtitle H of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2009cc et seq. ), respectively; and legislative recommendations for improving capital access and investment in rural areas of the United States through the programs described in paragraph (1), including by increasing the number of licensees under those programs.
The Administrator, in consultation with the Secretary, shall appoint to the working group such representatives from the Administration and the Department of Agriculture, and such non-Federal industry stakeholders, as the Administrator, in consultation with the Secretary, determines to be appropriate. No member of the working group may receive any compensation by reason of the service of the member on the working group. Not later than 180 days after the date on which the working group is established under subsection (a), the working group shall submit to the appropriate committees of Congress a report that contains— the administrative actions that the Administration and the Department of Agriculture should take to make the improvements described in paragraph
(1)of that subsection; and the legislative recommendations described in paragraph
(2)of that subsection. The working group shall terminate upon submission of the report required under subsection (c). Not later than 90 days after the date on which the working group submits the report required under subsection (c), the Administration and the Department of Agriculture shall take the administrative actions described in paragraph
(1)of that subsection. The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply with respect to the working group or the activities of the working group.
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