To amend section 29(k) of the Small Business Act to establish funding priorities for women's business centers.

March 31, 2004

Ms. SNOWE (for herself Mr. DOMENICI, and Mr. CHAFFE) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship

To amend section 29(k) of the Small Business Act to establish funding priorities 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 Sustainability Recovery Act of 2004'.

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 fiscal year 2004, allocate--

`(i) $150,000 for each eligible women's business center established under subsection (b), except for centers that request a lesser amount;

`(ii) from the funds reserved under subsection (k)(4)(A), not more than $125,000, in equal amounts, to each eligible women's business center established under subsection (l), except for centers that request 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, 48 percent.'.

(b) SUNSET DATE- The amendments made by subsection (a) are repealed on October 1, 2004.

END