Summary: S.2335 — 107th Congress (2001-2002)All Information (Except Text)

Bill summaries are authored by CRS.

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Reported to Senate with amendment(s) (08/01/2002)

Native American Small Business Development Act - Amends the Small Business Act to establish within the Small Business Administration (SBA) the Office of Native American Affairs, headed by an Assistant Administrator, to implement SBA programs for the development of business enterprises by Native Americans (American Indians, Alaska Natives, and Native Hawaiians). Requires the Office to assist Native American entrepreneurs to: (1) start, operate, and grow small businesses; (2) develop management and technical skills; (3) seek Federal procurement opportunities; (4) increase Native American employment opportunities; and (5) increase Native American access to capital markets.

Requires the SBA to provide financial assistance to tribal governments, tribal colleges, Native Hawaiian organizations, and Alaska Native corporations to create Native American business centers. Requires: (1) each business center to conduct five-year projects for business education aid to such entities; (2) each assistance applicant to submit a five-year plan on proposed assistance and training activities; (3) each business center to annually provide the Administrator with an itemized cost breakdown of project expenses; (4) the Administrator to report annually to the congressional small business committees on the effectiveness of such projects; and (5) each entity receiving assistance to report to the SBA on services provided with such assistance. Authorizes appropriations for FY 2003 through 2007.

Establishes a four-year pilot program under which the SBA is authorized to award Native American development grants to provide culturally-tailored business development training and related services to Native Americans and Native American small businesses. Requires the same number of such grants to be awarded to small business development centers and private, nonprofit organizations providing appropriate assistance to Indian tribes, Native Hawaiians, and Alaska Natives. Provides for: (1) initial disbursement of grant assistance; and (2) provisional approval of applications. Requires each grant recipient to report annually to the SBA on the impact of grant funding. Authorizes appropriations for FY 2003 through 2006.