[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2099 Reported in Senate (RS)]
<DOC>
Calendar No. 170
118th CONGRESS
1st Session
S. 2099
To establish an Office of Community Financial Institutions within the
Small Business Administration that will strengthen the ability of
Community Financial Institutions to support the development of small
business concerns in underserved communities, and for other purposes.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
June 21, 2023
Mr. Hickenlooper (for himself, Mr. Braun, Mrs. Hyde-Smith, and Mr.
Warner) introduced the following bill; which was read twice and
referred to the Committee on Small Business and Entrepreneurship
July 25, 2023
Reported by Mr. Cardin, with an amendment
[Strike out all after the enacting clause and insert the part printed
in italic]
_______________________________________________________________________
A BILL
To establish an Office of Community Financial Institutions within the
Small Business Administration that will strengthen the ability of
Community Financial Institutions to support the development of small
business concerns in underserved communities, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
<DELETED>SECTION 1. SHORT TITLE.</DELETED>
<DELETED> This Act may be cited as the ``Supporting Community
Lenders Act''.</DELETED>
<DELETED>SEC. 2. OFFICE OF COMMUNITY FINANCIAL INSTITUTIONS.</DELETED>
<DELETED> Section 7 of the Small Business Act (15 U.S.C. 636) is
amended by adding at the end the following:</DELETED>
<DELETED> ``(o) Office of Community Financial Institutions.--
</DELETED>
<DELETED> ``(1) Definitions.--In this subsection--</DELETED>
<DELETED> ``(A) the term `Associate Administrator'
means the Associate Administrator of the Office of
Capital Access of the Administration;</DELETED>
<DELETED> ``(B) the term `community financial
institution' has the meaning given the term in
paragraph (36); and</DELETED>
<DELETED> ``(C) the term `Director' means the
Director of the Office of Community Financial
Institutions.</DELETED>
<DELETED> ``(2) Establishment.--There is established within
the Administration the Office of Community Financial
Institutions, which shall be--</DELETED>
<DELETED> ``(A) under the general management and
oversight of the Administration; and</DELETED>
<DELETED> ``(B) responsible for the planning,
coordination, implementation, evaluation, and
improvement of the efforts of the Administrator to
enhance the performance of community financial
institutions and support access to capital for small
business concerns.</DELETED>
<DELETED> ``(3) Director.--</DELETED>
<DELETED> ``(A) In general.--Not later than 180 days
after the date of enactment of the Supporting Community
Lenders Act, the Administrator shall appoint a Director
of the Office of Community Financial Institutions, who
shall--</DELETED>
<DELETED> ``(i) supervise the Office of
Community Financial Institutions and report to
the Associate Administrator;</DELETED>
<DELETED> ``(ii) be in the Senior Executive
Service; and</DELETED>
<DELETED> ``(iii) have knowledge of
community financial institutions and experience
providing access to capital to small business
concerns in underserved communities.</DELETED>
<DELETED> ``(B) Duties.--The Director shall--
</DELETED>
<DELETED> ``(i) create and implement
strategies and programs that support the
activities, development, and growth of
community financial institutions;</DELETED>
<DELETED> ``(ii) administer and manage
outreach, technical support, and training
programs to existing, and potential, community
financial institutions;</DELETED>
<DELETED> ``(iii) establish partnerships
within the Administration and with relevant
Federal agencies, including the Department of
the Treasury, the Federal Deposit Insurance
Corporation, the Department of Agriculture, and
the Minority Business Development Agency, to
advance the goal of supporting the economic
success of small business concerns through
community financial institutions;</DELETED>
<DELETED> ``(iv) review the effectiveness
and impact of community financial
institutions;</DELETED>
<DELETED> ``(v) when appropriate, advocate
on behalf of community financial institutions
within the Administration, and to outside
organizations, including other relevant Federal
agencies;</DELETED>
<DELETED> ``(vi) hold public meetings with
relevant stakeholders not less frequently than
once every 6 months beginning 1 year after the
date of enactment of the Supporting Community
Lenders Act; and</DELETED>
<DELETED> ``(vii) not later than 3 years
after the date of enactment of the Supporting
Community Lenders Act, and not less frequently
than once every 3 years thereafter, submit to
Congress a report on the major activities of
the Office of Community Financial Institutions,
recommendations for congressional action based
on the expertise of the Office, and areas for
growth within the Office.</DELETED>
<DELETED> ``(C) Consultation.--In carrying out the
duties under this paragraph, the Director shall consult
with--</DELETED>
<DELETED> ``(i) district offices of the
Administration; and</DELETED>
<DELETED> ``(ii) other relevant Federal
agencies, including the Department of the
Treasury, the Federal Deposit Insurance
Corporation, and the Minority Business
Development Agency.''.</DELETED>
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Supporting Community Lenders Act''.
SEC. 2. COORDINATOR FOR COMMUNITY FINANCIAL INSTITUTIONS.
Section 7 of the Small Business Act (15 U.S.C. 636) is amended by
adding at the end the following:
``(o) Coordinator for Community Financial Institutions.--
``(1) Definitions.--In this subsection--
``(A) the term `Associate Administrator' means the
Associate Administrator of the Office of Capital Access
of the Administration;
``(B) the term `community financial institution'
has the meaning given the term in paragraph (36); and
``(C) the term `Coordinator' means the Coordinator
for Community Financial Institutions.
``(2) Establishment.--There is established within the
Office of Capital Access of the Administration the position of
Coordinator for Community Financial Institutions, the occupant
of which shall be responsible for the planning, coordination,
implementation, evaluation, and improvement of the efforts of
the Administrator to enhance the performance of community
financial institutions and support access to capital for small
business concerns.
``(3) Coordinator.--
``(A) In general.--Not later than 180 days after
the date of enactment of the Supporting Community
Lenders Act, the Administrator shall designate an
individual to serve as Coordinator, who shall--
``(i) report to the Associate
Administrator; and
``(ii) have knowledge of community
financial institutions and experience providing
access to capital to small business concerns in
underserved communities.
``(B) Duties.--The Coordinator shall--
``(i) create and implement strategies and
programs that support the activities,
development, and growth of community financial
institutions;
``(ii) administer and manage outreach,
technical support, and training programs to
existing, and potential, community financial
institutions;
``(iii) establish partnerships within the
Administration and with relevant Federal
agencies, including the Department of the
Treasury, the Federal Deposit Insurance
Corporation, the Department of Agriculture, and
the Minority Business Development Agency, to
advance the goal of supporting the economic
success of small business concerns through
community financial institutions;
``(iv) review the effectiveness and impact
of community financial institutions;
``(v) when appropriate, advocate on behalf
of community financial institutions within the
Administration, and to outside organizations,
including other relevant Federal agencies;
``(vi) hold public meetings with relevant
stakeholders not less frequently than once
every 6 months beginning 1 year after the date
of enactment of the Supporting Community
Lenders Act; and
``(vii) not later than 3 years after the
date of enactment of the Supporting Community
Lenders Act, and not less frequently than once
every 3 years thereafter, submit to Congress a
report on the major activities of the
Coordinator, recommendations for congressional
action based on the expertise of the
Coordinator, and potential for growth within
the areas in which the Coordinator operates.
``(C) Consultation.--In carrying out the duties
under this paragraph, the Coordinator shall consult
with--
``(i) district offices of the
Administration; and
``(ii) other relevant Federal agencies,
including the Department of the Treasury, the
Federal Deposit Insurance Corporation, and the
Minority Business Development Agency.''.
SEC. 3. OFFICE OF ADVOCACY EMPLOYEE ELIGIBILITY FOR FAMILY AND MEDICAL
LEAVE.
The Chief Counsel for Advocacy of the Small Business Administration
shall immediately notify the Committee on Small Business and
Entrepreneurship of the Senate and the Committee on Small Business of
the House of Representatives if, at any point, an employee, including a
contracted employee, of the Office of Advocacy who has been employed at
the Office of Advocacy for more than 1 year is not eligible for paid
leave under subchapter V of chapter 63 of title 5, United States Code.
Calendar No. 170
118th CONGRESS
1st Session
S. 2099
_______________________________________________________________________
A BILL
To establish an Office of Community Financial Institutions within the
Small Business Administration that will strengthen the ability of
Community Financial Institutions to support the development of small
business concerns in underserved communities, and for other purposes.
_______________________________________________________________________
July 25, 2023
Reported with an amendment