Women's Sustainability Recovery Act of 2004

Women's Sustainability Recovery Act of 2004 - Establishes FY 2004 funding priorities for women's business development centers by: (1) reserving a certain percentage of available funds for sustainability grants under the Small Business Act notwithstanding current limits on the use of unawarded funds; (2) setting a maximum funding amount for such grants; and (3) specifying a formula for continuation grants to centers that received FY 2003 funding.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4376 Introduced in House (IH)]






108th CONGRESS
  2d Session
                                H. R. 4376

  To amend the Small Business Act to establish funding priorities for 
             women's business centers for fiscal year 2004.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 17, 2004

Mrs. Kelly (for herself, Mrs. Johnson of Connecticut, Mr. Michaud, Ms. 
  Slaughter, Ms. Majette, and Mr. Udall of New Mexico) introduced the 
 following bill; which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To amend the Small Business Act to establish funding priorities for 
             women's business centers for fiscal year 2004.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Women's Sustainability Recovery Act 
of 2004''.

SEC. 2. FUNDING PRIORITIES FOR WOMEN'S BUSINESS DEVELOPMENT CENTERS FOR 
              FISCAL YEAR 2004.

    (a) Reservation of Funds for Sustainability Grants.--
Notwithstanding section 29(k)(4)(B) of the Small Business Act (15 
U.S.C. 656(k)(4)(B)), 48 percent of the total amount made available for 
fiscal year 2004 for grants under section 29 of such Act shall be 
reserved by the Administrator of the Small Business Administration for 
sustainability grants under section 29(l) of such Act.
    (b) Maximum Amount of Sustainability Grants.--The amount of funding 
made available by the Administrator of the Small Business 
Administration under section 29(l) of the Small Business Act (15 U.S.C. 
656(l)) to any women's business center for fiscal year 2004 shall not 
exceed $125,000.
    (c) Amount of Continuation Grants.--The amount of funding made 
available for fiscal year 2004 by the Administrator of the Small 
Business Administration under section 29(b) of the Small Business Act 
(15 U.S.C. 656(b)) to any women's business center that also received 
funding under such section for fiscal year 2003 shall be equal to the 
lesser of--
            (1) $150,000, or
            (2) the amount requested by such women's business center.
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