S 3638 ISCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

2d SessionCommentsClose CommentsPermalink

S. 3638CommentsClose CommentsPermalink

To establish an Office of Entrepreneurial Support within the Small Business Administration, and for other purposes.CommentsClose CommentsPermalink

IN THE SENATE OF THE UNITED STATESCommentsClose CommentsPermalink

November 26, 2012CommentsClose CommentsPermalink

Ms. LANDRIEU (for herself and Mr. KERRY) introduced the following bill; which was read twice and referred to the Committee on Small Business and EntrepreneurshipCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To establish an Office of Entrepreneurial Support within the Small Business Administration, and for other purposes.CommentsClose CommentsPermalink

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

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘Today’s Entrepreneurs are Advancing Mentorship Act of 2012’ or the ‘TEAM Act of 2012’.CommentsClose CommentsPermalink

SEC. 2. OFFICE OF ENTREPRENEURIAL SUPPORT.

(a) In General- The Small Business Act (15 U.S.C. 631 et seq.) is amended--CommentsClose CommentsPermalink





(1) by redesignating section 45 (15 U.S.C. 631 note) as section 46; andCommentsClose CommentsPermalink





(2) by inserting after section 44 (15 U.S.C. 657q) the following:CommentsClose CommentsPermalink

‘SEC. 45. ENTREPRENEURIAL SUPPORT.

‘(a) Office of Entrepreneurial Support-CommentsClose CommentsPermalink





‘(1) IN GENERAL- There is in the Administration an Office of Entrepreneurial Support, which shall develop and provide innovative entrepreneurial information, education, and resources, to promote prospective entrepreneurs and successful small business concerns.CommentsClose CommentsPermalink





‘(2) DIRECTOR- The head of the Office of Entrepreneurial Support is the Director of the Office of Entrepreneurial Support, who shall report to the Associate Administrator for Entrepreneurial Development.CommentsClose CommentsPermalink





‘(3) DUTIES- The Director of the Office of Entrepreneurial Support shall--CommentsClose CommentsPermalink





‘(A) manage the online courses, online publications, and other online resources provided by the Administration to entrepreneurs and small business concerns;CommentsClose CommentsPermalink





‘(B) manage the youth entrepreneurship programs of the Administration, including--CommentsClose CommentsPermalink





‘(i) online resources for youth entrepreneurs; andCommentsClose CommentsPermalink





‘(ii) coordination and outreach with entrepreneurial development service providers that provide counseling and training to youth entrepreneurs desiring to start or expand small business concerns;CommentsClose CommentsPermalink





‘(C) coordinate with nonprofit and other private sector partners to share educational materials on money management and financial literacy for entrepreneurs and small business concerns; andCommentsClose CommentsPermalink





‘(D) provide assistance and courtesy services to individuals and foreign dignitaries visiting the United States who are interested in issues relating to entrepreneurs and small business concerns.CommentsClose CommentsPermalink





‘(b) Entrepreneurial Support Program-CommentsClose CommentsPermalink





‘(1) IN GENERAL- Not later than 1 year after the date of enactment of the TEAM Act of 2012, the Associate Administrator for Entrepreneurial Development (referred to in this subsection as the ‘Associate Administrator’) shall establish a program under which the Associate Administrator may make grants to nonprofit organizations, including small business development centers, women’s business centers, chapters of the Service Corps of Retired Executives, and other resource partners of the Administration, local government entities, and appropriate private sector organizations or entities to provide technical assistance for the development and implementation of curricula and mentoring programs designed to promote entrepreneurship.CommentsClose CommentsPermalink





‘(2) APPLICATION- An entity desiring a grant under this subsection shall submit to the Associate Administrator an application that contains--CommentsClose CommentsPermalink





‘(A) a description of the goals of the project to be funded using the grant;CommentsClose CommentsPermalink





‘(B) a list of any partners that plan to participate in the project to be funded using the grant; andCommentsClose CommentsPermalink





‘(C) any other information that the Associate Administrator determines is necessary.CommentsClose CommentsPermalink





‘(3) REPORT- Not later than 1 year after the date on which an entity receives a grant under this subsection, the entity shall submit to the Associate Administrator a report that describes--CommentsClose CommentsPermalink





‘(A) the individuals assisted using the grant;CommentsClose CommentsPermalink





‘(B) the number of jobs created or saved through the use of the grant; andCommentsClose CommentsPermalink





‘(C) any other information concerning the use of the grant that the Associate Administrator may require.CommentsClose CommentsPermalink





‘(4) AUTHORIZATION OF APPROPRIATIONS- There are authorized to be appropriated to carry out this subsection--CommentsClose CommentsPermalink





‘(A) $1,000,000 for fiscal year 2013;CommentsClose CommentsPermalink





‘(B) $2,000,000 for fiscal year 2014; andCommentsClose CommentsPermalink





‘(C) $3,000,000 for fiscal year 2015.’.CommentsClose CommentsPermalink





(b) Report on Best Practices of Entrepreneurial Support and Training Programs-CommentsClose CommentsPermalink





(1) REPORT REQUIRED- Not later than 180 days after the date of enactment of this Act, the Director of the Office of Entrepreneurial Support shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report that describes best practices of entrepreneurial education and training programs throughout the United States.CommentsClose CommentsPermalink





(2) CONTENTS- The report submitted under paragraph (1) shall include--CommentsClose CommentsPermalink





(A) a description of any programs that the Director of the Office of Entrepreneurial Support determines are exemplary, including national programs, regional programs, State programs, and local programs; andCommentsClose CommentsPermalink





(B) a summary of entrepreneurial education and training programs carried out by--CommentsClose CommentsPermalink





(i) the Federal Government;CommentsClose CommentsPermalink





(ii) State and local governments; andCommentsClose CommentsPermalink





(iii) nonprofit organizations and private sector groups.CommentsClose CommentsPermalink

SEC. 3. EMERGING LEADERS PROGRAM.

Section 8 of the Small Business Act (15 U.S.C. 637) is amended by inserting after subsection (n) the following:CommentsClose CommentsPermalink





‘(o) Emerging Leaders Program-CommentsClose CommentsPermalink





‘(1) DEFINITIONS- In this subsection--CommentsClose CommentsPermalink





‘(A) the term ‘eligible small business concern’ means a small business concern that--CommentsClose CommentsPermalink





‘(i) has been in business for at least 2 years;CommentsClose CommentsPermalink





‘(ii) has at least 1 employee;CommentsClose CommentsPermalink





‘(iii) demonstrates growth potential, including the ability to create jobs; andCommentsClose CommentsPermalink





‘(iv) has an owner or operator that participates in the day-to-day executive-level management of the small business concern; andCommentsClose CommentsPermalink





‘(B) the term ‘Emerging Leaders Program’ means the Emerging Leaders Program established under paragraph (2)(A).CommentsClose CommentsPermalink





‘(2) IN GENERAL-CommentsClose CommentsPermalink





‘(A) PROGRAM AUTHORIZED- Not later than 1 year after the date of enactment of the TEAM Act of 2012, the Administrator shall establish an Emerging Leaders Program to provide specialized training and executive-level mentoring to eligible small business concerns.CommentsClose CommentsPermalink





‘(B) MISSION- The Emerging Leaders Program shall provide educational and technical assistance to eligible small business concerns focusing on the next level of growth, leadership, and operational strategies, including the development of a strategic plan.CommentsClose CommentsPermalink





‘(C) AUTHORITY TO CONTRACT- In order to carry out the Emerging Leaders Program, the Administrator may enter into contracts or cooperative agreements with, or make grants to, a national service provider.CommentsClose CommentsPermalink





‘(3) COMMUNITY PARTNERS- To encourage community support and engagement, the Administrator may enter into memoranda of understanding with for-profit, nonprofit and government entities to jointly support and deliver localized training and provide executive-level mentoring under the Emerging Leaders Program. A memorandum of understanding entered into with an entity under this paragraph shall not be construed to constitute or imply an endorsement by the Administration of any product or service of the entity.CommentsClose CommentsPermalink





‘(4) RECRUITMENT- The Administrator shall place special emphasis on recruiting eligible small business concerns in emerging, underserved, rural, and urban markets.CommentsClose CommentsPermalink





‘(5) AUTHORIZATION OF APPROPRIATIONS- There is authorized to be appropriated to the Administration to carry out the Emerging Leaders Program $2,000,000 for each of fiscal years 2013 through 2015.’.CommentsClose CommentsPermalink

SEC. 4. PERFORMANCE MEASURES AND REPORTING.

(a) In General- To demonstrate program impact, the Administrator shall develop performance measures for the Emerging Leaders Program established under section 8(o) of the Small Business Act, as added by this Act, and the Entrepreneurial Support Program established under section 45(b) of the Small Business Act, as added by this Act.CommentsClose CommentsPermalink





(b) Public Availability- The Administrator shall collect and post information relating to the Emerging Leaders Program and the Entrepreneurial Support Program on the website of the Administration, including--CommentsClose CommentsPermalink





(1) the number of small business concerns participating in the Emerging Leaders Program and the number of grant applicants and grant recipients under the Entrepreneurial Support Program;CommentsClose CommentsPermalink





(2) the race, ethnicity, and gender of individuals participating in the Entrepreneurial Support Program, and the location of their business headquarters and regions of operation;CommentsClose CommentsPermalink





(3) demographic and statistical information relating to small business concerns and individuals that participated in the Emerging Leaders Program or the Entrepreneurial Support Program, during the 5-year period following their participation in the program;CommentsClose CommentsPermalink





(4) the annual revenues of each participating small business concern;CommentsClose CommentsPermalink





(5) the annual number of jobs created or retained by each participating small business concern;CommentsClose CommentsPermalink





(6) the amount of new financing obtained by each participating small business concern;CommentsClose CommentsPermalink





(7) the amount of new contracts obtained by each participating small business concern; andCommentsClose CommentsPermalink





(8) the amount of Federal tax paid by each participating small business concern.CommentsClose CommentsPermalink





(c) GAO Report- Not later than 2 years after the date on which the Administrator establishes the Emerging Leaders Program, the Comptroller General of the United States shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report that contains a comprehensive analysis of the economic impact of the Emerging Leaders Program and the Entrepreneurial Support Program, including the information required to be collected and posted under subsection (b).CommentsClose CommentsPermalink