Women's Business Center Safeguard Act

Women's Business Center Safeguard Act - Amends the Small Business Act with respect to the women's business centers program to provide Small Business Administration funding authority for nonprofit organizations conducting projects for the benefit of small businesses owned and controlled by women. Increases from 30 to 54 the percentage of appropriated women's business center funds to be used during FY 2004 for sustained women's business center projects.

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2266 Introduced in Senate (IS)]






108th CONGRESS
  2d Session
                                 S. 2266

To amend the Small Business Act to provide adequate funding for Women's 
                           Business Centers.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 31, 2004

Mr. Daschle (for Mr. Kerry) (for himself, Ms. Cantwell, Mr. Harkin, Mr. 
Bayh, Mr. Pryor, Ms. Landrieu, Mr. Bingaman, and Mr. Levin) introduced 
the following bill; which was read twice and referred to the Committee 
                 on Small Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
To amend the Small Business Act to provide adequate funding for Women's 
                           Business Centers.

    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 Business Center Safeguard 
Act''.

SEC. 2. WOMEN'S BUSINESS CENTERS.

    (a) In General.--Section 29(k) of the Small Business Act (15 U.S.C. 
656(k)) is amended--
            (1) in paragraph (2), by adding at the end the following:
                    ``(C) Funding priority.--Subject to available 
                funds, and reservation of funds, the Administration 
                shall, for each fiscal year, allocate--
                            ``(i) $150,000 for each women's business 
                        center established under subsection (b), except 
                        for any center that requests a lesser amount;
                            ``(ii) from the remaining funds, not more 
                        than $125,000, in equal amounts, to each 
                        women's business center established under 
                        subsection (l), to the extent such funds are 
                        reserved under subsection (k)(4)(A), except for 
                        any center that requests a lesser amount; and
                            ``(iii) any funds remaining after 
                        allocations are made under clauses (i) and (ii) 
                        to new eligible women's business centers and 
                        eligible women's business centers that did not 
                        receive funding in the prior fiscal year under 
                        subsection (b). ''; and
            (2) in paragraph (4)(A), by adding at the end the 
        following:
                            ``(v) For fiscal year 2004, 54 percent.''.
    (b) Sunset Date.--The amendments made by this section are repealed 
on October 1, 2004.
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