Summary: Continuing Appropriations Act, 2012 - Makes continuing appropriations for FY2012. (Sec. 101) Makes appropriations for continuing operations, projects, or activities which were conducted in FY2011 and for which appropriations, funds, or other authority were made available in: (1) the Department of Defense Appropriations Act, 2011 (division A of Public Law 112-10); and (2) the Full-Year Continuing Appropriations Act, 2011 (division B of Public Law 112-10). Reduces the rate for operations by 1.503%. (Sec. 102) Prohibits the use of appropriations, funds, or authority granted under this Act for the Department of Defense (DOD) for: (1) new production of items not funded for production in FY2011 or prior years; (2) the increase in production rates above those sustained with FY2011 funds; or (3) the initiation, resumption, or continuation of any project, activity, operation, or organization for which appropriations, funds, or other authority were not available during FY2011. Bars the use of DOD appropriations, funds, or authority granted under this Act to initiate multi-year procurements utilizing advance procurement funding for economic order quantity procurement unless specifically appropriated later. (Sec. 104) Prohibits the use of appropriations, funds, or authority granted by this Act to initiate or resume any project or activity for which appropriations, funds, or other authority were not available during FY2011. (Sec. 106) Provides funding under this Act until whichever of the following first occurs: (1) enactment of an appropriation for any project or activity provided for in this Act; (2) enactment of the applicable appropriations Act for FY2012 without any provision for such project or activity; or (3) November 18, 2011. (Sec. 111) Continues through November 18, 2011, certain activities for entitlements and other mandatory payments whose budget authority was provided in FY2011 appropriations Acts, and for activities under the Food and Nutrition Act of 2008. Declares that, notwithstanding such date, funds shall be available and obligations for mandatory payments due on or about the first day of any month after October 2011 but within 30 days after November 18, 2011. (Sec. 112) Authorizes apportionment of amounts made available under this Act for federal civilian personnel compensation and benefits up to the rate for operations necessary to avoid furloughs within a department or agency. Prohibits the use of such authority until after the department or agency has taken all necessary actions to reduce or defer non-personnel-related administrative expenses. (Sec. 114) Designates specified funds for Overseas Contingency Operations/Global War on Terrorism, but only if the President subsequently makes such a designation and notifies Congress. Exempts from such requirement amounts for the Department of Justice (DOJ), Federal Bureau of Investigation (FBI) for salaries and expenses. (Sec. 115) Requires discretionary amounts appropriated for FY2012 provided in advance by appropriations Acts to be available in the amounts provided in such Acts, reduced by 1.503%. (Sec. 116) Authorizes DOD to use through November 18, 2011, certain amounts for operations and activities of the Office of Security Cooperation in Iraq and security assistance teams. (Sec. 117) Makes certain funds available for Overseas Contingency Operations at a rate for operations permitted by the Department of Defense Appropriations Act, 2012 as passed by the House of Representatives on July 8, 2011. (Sec. 118) Continues through November 18, 2011, DOD authority to pay monetary rewards for the provision to U.S. government personnel of information or nonlethal assistance beneficial to an operation, activity, or force protection for U.S. Armed Forces. (Sec. 119) Continues through November 18, 2011, DOD authority to use acquisition and cross-servicing agreements to lend certain military equipment to foreign forces in Iraq and Afghanistan for personnel protection and survivability purposes. (Sec. 120) Provides amounts at a specified rate for operations for the Defense Nuclear Facilities Safety Board for salaries and expenses. (Sec. 121) Authorizes the District of Columbia to expend local funds for programs and activities, subject to specified conditions. (Sec. 122) Provides amounts at a specified rate for operations for necessary expenses of the Recovery Accountability and Transparency Board to carry out its functions under the American Recovery and Reinvestment Act of 2009. (Sec. 123) Continues through November 18, 2011, the authority of the Small Business Administration (SBA) to carry out: (1) the Small Business Innovation Research (SBIR) Program, (2) the Small Business Technology Transfer Program, and (3) the Commercialization Pilot Program. (Sec. 124) Extends through November 18, 2011, the requirement that the U.S. Postal Service pay $5.5 billion into the Postal Service Retiree Health Benefits Fund. (Sec. 125) Provides amounts at a specified rate for operations to the Federal Emergency Management Agency (FEMA) for disaster relief. Requires the Secretary of Homeland Security (DHS) to provide a full accounting of disaster relief funding requirements for FY2012 and FY2013, including specified estimates. (Sec. 126) Authorizes the obligation of any DHS funds made available pursuant to this Act at a rate for operations necessary to sustain essential security activities. (Sec. 127) Continues through November 18, 2011, U.S. Secret Service authority to use proceeds derived from undercover criminal investigations for such operations. (Sec. 128) Continues through November 18, 2011, DHS authority to carry out basic, applied, and advanced research and development projects. (Sec. 129) Continues through November 18, 2011, DHS issued interim final regulations establishing risk-based performance standards. (Sec. 130) Continues through November 18, 2011, the authority of the Administrator of FEMA to issue notes or other obligations to the Secretary of the Treasury to carry out the flood insurance program. (Sec. 131) Continues through November 18, 2011, the authorities of Service First (a partnership authority among the Bureau of Land Management (BLM), the Forest Service, the National Park Service, and the U.S. Fish and Wildlife Service. (Sec. 132) Increases appropriations for salaries and expenses in the Mine Safety and Health Administration of the Department of Labor. (Sec. 134) Provides amounts at a specified rate for operations for the Federal Mine Safety and Health Review Commission for salaries and expenses. (Sec. 135) Continues through November 18, 2011 the authority of the Secretary of Health and Human Services (HHS) with respect to: (1) autism spectrum disorder and other developmental disabilities; and (2) autism education, early detection, and intervention. Continues through such date the Interagency Autism Coordinating Committee. (Sec. 136) Eliminates certain FY2011 appropriations for military construction for the Army, the Air Force, and defense-wide. (Sec. 137) Extends through November 18, 2011, the authority of the Export-Import Bank of the United States to provide financing for the export of nonlethal articles or services meant primarily for civilian purposes. (Sec. 138) Continues through November 18, 2011, the Commission on International Religious Freedom. (Sec. 139) Limits to a specified rate of operations any commitments to guarantee loans incurred under the General and Special Risk Insurance Funds authorized under the National Housing Act. (Sec. 140) Approves the renewal of certain import restrictions contained in the Burmese Freedom and Democracy Act of 2003, and deems this Act a renewal resolution under such Act.

continuing appropriations act makes continuing appropriations fy2012 sec makes appropriations continuing operations projects activities conducted fy2011 appropriations funds authority available department_of_defense_appropriations_act division public law year continuing appropriations act division public law reduces rate operations sec prohibits use appropriations funds authority granted act department_of_defense dod new production items funded production fy2011 prior years increase production rates sustained fy2011 funds initiation resumption continuation project activity operation organization appropriations funds authority available fy2011 bars use dod appropriations funds authority granted act initiate multi year procurements utilizing advance procurement funding economic order quantity procurement specifically appropriated later sec prohibits use appropriations funds authority granted act initiate resume project activity appropriations funds authority available fy2011 sec provides funding act whichever following occurs enactment appropriation project activity provided act enactment applicable appropriations act fy2012 provision project activity november sec continues november certain activities entitlements mandatory payments budget authority provided fy2011 appropriations acts activities food_and_nutrition_act_of_2008 declares notwithstanding date funds shall available obligations mandatory payments day month october days november sec authorizes apportionment amounts available act federal civilian personnel compensation benefits rate operations necessary avoid department agency prohibits use authority department agency taken necessary actions reduce defer non personnel related administrative expenses sec designates specified funds overseas contingency operations global war terrorism president subsequently makes designation notifies congress exempts requirement amounts department_of_justice doj federal_bureau_of_investigation fbi salaries expenses sec requires discretionary amounts appropriated fy2012 provided advance appropriations acts available amounts provided acts reduced sec authorizes dod use november certain amounts operations activities iraq security assistance teams sec makes certain funds available overseas contingency operations rate operations permitted department_of_defense_appropriations_act passed house_of_representatives july sec continues november dod authority pay monetary rewards provision government personnel information nonlethal assistance beneficial operation activity force protection sec continues november dod authority use acquisition cross servicing agreements lend certain military equipment foreign forces iraq afghanistan personnel protection survivability purposes sec provides amounts specified rate operations defense_nuclear_facilities_safety_board salaries expenses sec authorizes district_of_columbia expend local funds programs activities subject specified conditions sec provides amounts specified rate operations necessary expenses recovery accountability transparency board carry functions american_recovery_and_reinvestment_act sec continues november authority small_business_administration sba carry small_business_innovation_research sbir program commercialization_pilot_program sec extends november requirement pay billion postal_service_retiree_health_benefits_fund sec provides amounts specified rate operations federal_emergency_management_agency fema disaster relief requires secretary homeland_security dhs provide accounting disaster relief funding requirements fy2012 fy2013 including specified estimates sec authorizes obligation dhs funds available pursuant act rate operations necessary sustain essential security activities sec continues november authority use proceeds derived undercover criminal investigations operations sec continues november dhs authority carry basic applied advanced research development projects sec continues november dhs issued interim final regulations establishing risk based performance standards sec continues november authority administrator fema issue notes obligations secretary treasury carry flood insurance program sec continues november authorities service partnership authority bureau_of_land_management blm forest_service national_park_service fish wildlife service sec increases appropriations salaries expenses sec provides amounts specified rate operations salaries expenses sec continues november authority secretary health_and_human_services hhs respect autism spectrum disorder developmental disabilities autism education early detection intervention continues date interagency_autism_coordinating_committee sec eliminates certain fy2011 appropriations military construction army air_force defense wide sec extends november authority export-import_bank united_states provide financing export nonlethal articles services meant primarily civilian purposes sec continues november sec limits specified rate operations commitments guarantee loans incurred general special risk insurance funds authorized national housing act sec approves renewal certain import restrictions contained burmese freedom democracy act deems act renewal resolution act


Summary: Small Business Health Relief Act of 2011 - Repeals provisions of the Internal Revenue Code (IRC), as added by the Patient Protection and Affordable Care Act (PPACA), that: (1) impose fines on large employers (employers with more than 50 full-time employees) who fail to offer their full-time employees the opportunity to enroll in minimum essential health insurance coverage; and (2) require such large employers to file a report with the Secretary of the Treasury on health insurance coverage provided to their full-time employees. Repeals provision of PPACA that: (1) set limits on the annual deductible on health plans offered in the small group market, (2) allow catastrophic plans to be offered in the individual market to individuals under the age of 30, and (3) impose an annual fee on health insurance entities. Deems high deductible health plans to meet essential health benefits coverage requirements if the enrollee has established a health savings account. Amends the Public Health Service Act, as amended by PPACA, to repeal a provision that allows a premium rate variance by age in the individual or small group market. Repeals restrictions on payments for medications from health savings accounts, medical savings accounts, and health flexible spending arrangements to prescription drugs or insulin. Repeals provisions limiting annual salary reduction contributions by an employee to a health flexible spending arrangement under a cafeteria plan to $2,500. Allows a health plan to maintain its status as a grandfathered health plan regardless of any modification to the cost-sharing levels, employer contribution rates, or covered benefits. Requires the Secretary of Health and Human Services (HHS) to promulgate regulations to clarify the application of such provision. Makes this provision effective as if included in PPACA. Voids any regulations promulgated related to such provisions before enactment of this Act.

small business health relief act repeals provisions internal_revenue_code irc added patient_protection affordable care act ppaca impose fines large employers employers time employees fail offer time employees opportunity enroll minimum essential health insurance coverage require large employers file report secretary treasury health insurance coverage provided time employees repeals provision ppaca set limits annual deductible health plans offered small group market allow catastrophic plans offered individual market individuals age impose annual fee health insurance entities deems high deductible health plans meet essential health benefits coverage requirements enrollee established health savings account amends public_health_service_act amended ppaca repeal provision allows premium rate variance age individual small group market repeals restrictions payments medications health savings accounts medical savings accounts health flexible spending arrangements prescription drugs insulin repeals provisions limiting annual salary reduction contributions employee health flexible spending arrangement cafeteria plan allows health plan maintain status grandfathered health plan regardless modification cost sharing levels employer contribution rates covered benefits requires secretary health_and_human_services hhs promulgate regulations clarify application provision makes provision effective included ppaca voids regulations promulgated related provisions enactment act


Summary: Shuttle Workforce Revitalization Act of 2011 - Requires, during the period beginning upon enactment of this Act and ending January 1, 2020, that any portion of Brevard County, Florida, not otherwise a HUBZone (heavily underutilized business zone), as such term is defined under the Small Business Act, be treated as a HUBZone for purposes of that Act.

workforce revitalization act requires period beginning enactment act ending january portion florida hubzone heavily underutilized business zone term defined small business act treated hubzone purposes act


Summary: Small Business Lending to Entrepreneurs for Growth in Underserved Populations Act of 2011 or the Small Business Leg-Up Act of 2011 - Requires, upon the expiration of investment authority for the Small Business Lending Fund Program provided in the Small Business Jobs Act of 2010, that all unobligated funds in the Small Business Lending Fund be transferred to the Community Development Financial Institutions (CDFI) Fund. Directs that all funds received in connection with certain purchases of preferred stock and other financial instruments pursuant to such authority be transferred to the CDFI Fund. Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to direct the Administrator of the CDFI Fund to carry out a Small Business Capital Investment (SBCI) Program (a small business revolving loan program) to continue making capital investments in eligible community development financial institutions in order to increase the availability of credit for small businesses. Requires that: (1) all funds the Administrator receives in connection with SBCI Program purchases be deposited in the CDFI Fund, and (2) the authority to make such capital investments continue so long as specified funding amounts are available. Allows eligible community development financial institutions (with maximum assets of $10 billion as reported in audited financial statements) to apply to receive a capital investment of up to 10% of total assets, or another appropriate percentage determined by the Administrator. Directs the Administrator, to the extent practicable and except as otherwise provided, to carry out the SBCI Program in the same manner as the Small Business Lending Fund Program.

small business lending entrepreneurs growth underserved populations act requires expiration investment authority small_business_lending_fund_program provided small_business_jobs_act unobligated funds transferred directs funds received connection certain purchases preferred stock financial instruments pursuant authority transferred amends riegle_community_development_and_regulatory_improvement_act direct administrator carry program small business revolving loan program continue making capital investments eligible community development financial institutions order increase availability credit small businesses requires funds administrator receives connection purchases deposited authority capital investments continue long specified funding amounts available allows eligible community development financial institutions maximum assets billion reported audited financial statements apply receive capital investment total assets appropriate percentage determined administrator directs administrator extent practicable provided carry manner small_business_lending_fund_program


Summary: Microenterprise and Youth Entrepreneurship Development Act of 2011 - Amends the Riegle Community Development and Regulatory Improvement Act of 1994 for purposes of the microenterprise technical assistance and capacity building grant program to include in the definition of "disadvantaged entrepreneur" a microentrepreneur operating or intending to operate a business in an investment area. Increases to 60% (currently, 50%) the minimum percentage of such grants required to be used to benefit very low-income persons, including those residing on Indian reservations. Requires the Administrator of the Small Business Administration (SBA) to consider the impact of the 2007-2009 economic crisis on an applicant's geographic area when deciding whether to reduce or eliminate matching requirements for applicants with severe constraints on available funding sources. Directs the Administrator to establish an SBA Microenterprise Coordinator position. Requires the Administrator to establish an Office of Youth Entrepreneurship and appoint a Director to carry out: (1) the youth entrepreneur technical assistance grant program to make grants to assist entities, including nonprofit microenterprise development organizations, to provide individuals under 25 years of age with technical assistance related to entrepreneurship; and (2) the youth entrepreneurship curriculum grant program to make grants to applying local educational agencies of states and federally recognized Indian tribes.

amends riegle_community_development_and_regulatory improvement act purposes microenterprise technical assistance capacity building grant program include definition disadvantaged entrepreneur microentrepreneur operating intending operate business investment area increases currently minimum percentage grants required benefit low income persons including residing indian reservations requires administrator small_business_administration sba consider impact economic crisis applicant geographic area deciding reduce eliminate matching requirements applicants severe constraints available funding sources directs administrator establish sba microenterprise coordinator position requires administrator establish appoint director carry youth entrepreneur technical assistance grant program grants assist entities including nonprofit microenterprise development organizations provide individuals years age technical assistance related entrepreneurship youth entrepreneurship curriculum grant program grants applying local educational agencies states federally recognized indian tribes


Summary: Job Creation and Urban Revitalization Act of 2011 - Amends the Small Business Investment Act of 1958 to expand the new markets venture capital program (currently, a program under which venture capital companies provide equity capital investments and operational assistance to small businesses in low-income geographic areas) to areas of high unemployment. Allows the operational assistance that companies provide to small businesses in such high-unemployment areas to include retooling, updating, or replacing of machinery or equipment. Makes the Small Business Administration (SBA) definition of "low-income geographic area" under the program the same as the definition of "low-income community" under the Internal Revenue Code, except that, without regard to such meaning, the term shall include an area of high unemployment. Requires the SBA Administrator, in conditionally approving companies to participate in the program, to select at least one company from each SBA geographic region. Directs the Administrator to allow conditionally-approved companies two years (currently, a period of time not to exceed two years) to satisfy capital and other requirements for final approval. Exempts from a requirement that conditionally-approved companies have certain binding capital commitments in order to provide operational assistance, companies primarily serving small businesses in areas of: (1) high unemployment, or (2) urban manufacturing revitalization. Authorizes the Administrator to approve a company to serve, throughout all states, solely small businesses in urban manufacturing revitalization areas. Reduces to $3 million the minimum capital requirements for final approval of conditionally-approved companies engaged primarily in development of and investment in small businesses located in areas of high unemployment. Reduces to $2 million such capital requirements for conditionally-approved companies so engaged primarily with small businesses in urban manufacturing revitalization areas. (Current law would otherwise require any conditionally-approved company to raise at least $5 million.) Revises the formula for operational assistance grants. Authorizes such grants to conditionally-approved companies (up to $50,000 per company), provided that repayment is made if such companies do not receive final approval.

job creation urban revitalization act amends small_business_investment_act expand new markets venture capital program currently program venture capital companies provide equity capital investments operational assistance small businesses low income geographic areas areas high unemployment allows operational assistance companies provide small businesses high unemployment areas include retooling updating replacing machinery equipment makes small_business_administration sba definition low income geographic area program definition low income community internal revenue code regard meaning term shall include area high unemployment requires sba administrator conditionally approving companies participate program select company sba geographic region directs administrator allow conditionally approved companies years currently period time exceed years satisfy capital requirements final approval exempts requirement conditionally approved companies certain binding capital commitments order provide operational assistance companies primarily serving small businesses areas high unemployment urban manufacturing revitalization authorizes administrator approve company serve states solely small businesses urban manufacturing revitalization areas reduces million minimum capital requirements final approval conditionally approved companies engaged primarily development investment small businesses located areas high unemployment reduces million capital requirements conditionally approved companies engaged primarily small businesses urban manufacturing revitalization areas current law require conditionally approved company raise million revises formula operational assistance grants authorizes grants conditionally approved companies company provided repayment companies receive final approval


Summary: Expanding Opportunities for Small Businesses Act of 2011 - Amends the Small Business Act to increase from: (1) 9 to 12 years the authorized period of developmental assistance for participating small businesses under the small business and capital ownership and development program, and (2) 5 to 8 years the authorized period for participation in the transitional stage of such program. Directs the Administrator of the Small Business Administration (SBA) to establish a program to provide technical business assistance to small businesses no longer eligible to participate in federal procurement contracts through the SBA, such assistance to be provided for the two-year period following such eligibility. Increases from 5% to 8% annually the goal of federal procurement contracts let to small businesses owned and controlled by socially and economically disadvantaged individuals. Requires the Comptroller General to study, and report to Congress on, the activities of the five most and least successful federal agencies with respect to meeting small business federal procurement contracting goals.

expanding opportunities small businesses act amends small business act increase years authorized period developmental assistance participating small businesses small business capital ownership development program years authorized period participation transitional stage program directs administrator small_business_administration sba establish program provide technical business assistance small businesses longer eligible participate federal procurement contracts sba assistance provided year period following eligibility increases annually goal federal procurement contracts let small businesses owned controlled socially economically disadvantaged individuals requires comptroller general study report congress activities successful federal agencies respect meeting small business federal procurement contracting goals


Summary: Small Business Administration Express Loan Extension Act of 2011 - Amends the Small Business Jobs Act of 2010 to extend through September 27, 2012 (under current law, until September 27, 2011) a temporary increase from $350,000 to $1 million in the maximum loan amount under the Express Loan Program of the Small Business Administration (SBA).

amends small business jobs act extend september current law september temporary increase million maximum loan small_business_administration sba


Summary: Startup Expansion and Investment Act - Amends the Sarbanes-Oxley Act of 2002 to revise an exception to rules prescribed by the Securities and Exchange Commission (SEC) that require the annual reports of certain publicly traded securities issuers to contain: (1) an assessment of the issuer's internal control structure and procedures for financial reporting, and (2) an attestation to such assessment by each registered public accounting firm that prepares or issues an audit report for the issuer. Permits an issuer to elect not to provide such an assessment and attestation if the issuer: (1) has a total market capitalization for the relevant reporting period of less than $1 billion; and (2) is not subject to the annual reporting requirement under the Securities Exchange Act of 1934, or has been subject to such requirement for a period fewer than 10 years. (Current law exempts issuers with an aggregate worldwide market value of the voting and non-voting common equity held by its non-affiliates of below $75 million, as of the last business day of the issuer's most recently completed second fiscal quarter.) Requires an issuer electing not to provide such assessment and attestation to disclose that decision in its next annual report.

startup expansion investment act amends sarbanes oxley act revise exception rules prescribed securities_and_exchange_commission sec require annual reports certain publicly traded securities issuers contain assessment issuer internal control structure procedures financial reporting attestation assessment registered public accounting firm prepares issues audit report issuer permits issuer elect provide assessment attestation issuer total market capitalization relevant reporting period billion subject annual reporting requirement securities exchange act subject requirement period fewer years current law exempts issuers aggregate worldwide market value voting non voting common equity held non affiliates million business day issuer recently completed second fiscal quarter requires issuer electing provide assessment attestation disclose decision annual report


Summary: Small Business Opportunity Expansion Act of 2011 - Amends the Small Business Act to increase the government-wide goal for awards to small businesses from 23% to 24% of the total value of all federal prime procurement contracts and subcontracts awarded in a fiscal year.  Increases from: (1) 3% to 4% the goal for award to small businesses owned and controlled by service-disabled veterans, and (2) 5% to 6% the goal for award to small businesses owned and controlled by socially and economically disadvantaged individuals and by women.

amends small business act increase government wide goal awards small businesses total value federal prime procurement contracts subcontracts awarded fiscal year increases goal award small businesses owned controlled service disabled veterans goal award small businesses owned controlled socially economically disadvantaged individuals women


Summary: Small Business Administration 504 Loan Refinancing Extension Act of 2011 - Amends the Small Business Jobs Act of 2010 to extend through September 27, 2013 (under current law, through September 27, 2012) the authority for Small Business Administration (SBA) refinancing of small business debt not involving business expansion under the SBA's local development business loan program.

small_business_administration loan refinancing extension act amends small business jobs act extend september current law september authority small_business_administration sba refinancing small business debt involving business expansion sba local development business loan program


Summary: Requires at least 10% of funds made available for high-speed rail corridor planning and development projects to be expended through small business concerns owned and controlled by socially and economically disadvantaged individuals (disadvantaged business enterprises). Authorizes the Secretary of Transportation (DOT), however, if this requirement will prevent the satisfactory completion of a project because of a lack of competitive bids by disadvantaged business enterprises, to reduce the percentage for the project to the extent necessary to ensure its satisfactory completion. Requires the Secretary to establish minimum uniform criteria for recipients of high-speed rail corridor project funds to use in certifying small business concerns as disadvantaged business enterprises. Expresses the sense of Congress that the federal government should continue to encourage participation by veteran-owned small businesses in federal contracting and procurement opportunities and federally-funded projects, including the small business programs of the Department of Transportation (DOT) and other federal agencies.

requires funds available high speed rail corridor planning development projects expended small business concerns owned controlled socially economically disadvantaged individuals disadvantaged business enterprises authorizes secretary transportation dot requirement prevent satisfactory completion project lack competitive bids disadvantaged business enterprises reduce percentage project extent necessary ensure satisfactory completion requires secretary establish minimum uniform criteria recipients high speed rail corridor project funds use certifying small business concerns disadvantaged business enterprises expresses sense congress federal government continue encourage participation veteran owned small businesses federal contracting procurement opportunities federally funded projects including small business programs department_of_transportation dot federal agencies


Summary: Give Credit to Main Street Act of 2011 - Directs the Administrator of the Small Business Administration (SBA) to establish and carry out a program of making loans directly to small businesses in operaton for at least two years. Limits loan amounts to the lesser of 10% of annual business revenues or $500,000.

credit main street act directs administrator small_business_administration sba establish carry program making loans directly small businesses years limits loan amounts lesser annual business revenues


Summary: Small Business Freedom of Commerce Act of 2011 - Allows a small business operating in the United States to elect to be exempt from any federal rule or regulation issued on or after January 20, 2009. Requires the small business to notify the federal agency that issued the rule or regulation that it has elected such exemption, and makes the exemption effective 30 days after such notification. Requires an exempt small business to: (1) label any product affected by the exemption as no longer subject to such rule or regulation, and (2) include in any communication relating to the affected product or activity a notice that it is no longer so subject. Provides penalties for small business noncompliance with such requirements. Prohibits a small business from electing to be exempt from a rule or regulation issued by the Department of Defense (DOD) or Homeland Security (DHS) if the Secretary of Defense or Homeland Security has determined that the rule or regulation is necessary for U.S. security.

small business freedom commerce act allows small business operating united_states elect exempt federal rule regulation issued january requires small business notify federal agency issued rule regulation elected exemption makes exemption effective days notification requires exempt small business label product affected exemption longer subject rule regulation include communication relating affected product activity notice longer subject provides penalties small business noncompliance requirements prohibits small business electing exempt rule regulation issued department_of_defense dod homeland_security dhs secretary defense homeland_security determined rule regulation necessary security


Summary: Fairness and Transparency in Contracting Act of 2011 - Amends the Small Business Act to exclude as a small business, for purposes of meeting federal agency contracting goals with small businesses, any small business (or subsidiary thereof) that is publicly traded, or any business (or subsidiary thereof) with more than 50% non-U.S. citizen ownership. Requires the Administrator of the Small Business Administration (SBA) to notify the head of each federal department or agency regarding this Act and its amendments, and the department or agency head to then notify its contractors. Directs the Administrator to: (1) publish a report regarding federal prime contracts awarded to businesses identified as small businesses for purposes of achieving small business contracting goals; and (2) establish procedures to ensure that the Central Contractor Registration database provides an adequate warning regarding criminal penalties for misrepresenting the status of a small business or person in order to obtain federal contracts. Provides for enforcement of complaints about the classification of a business for such purposes.

fairness transparency contracting act amends small business act exclude small business purposes meeting federal agency contracting goals small businesses small business subsidiary thereof publicly traded business subsidiary thereof non citizen ownership requires administrator small_business_administration sba notify head federal department agency act amendments department agency head notify contractors directs administrator publish report federal prime contracts awarded businesses identified small businesses purposes achieving small business contracting goals establish procedures ensure database provides adequate warning criminal penalties misrepresenting status small business person order obtain federal contracts provides enforcement complaints classification business purposes


Summary: Small Company Job Growth and Regulatory Relief Act of 2011 - Amends the Sarbanes-Oxley Act of 2002 to revise the small issuer exemption from the requirement that each registered public accounting firm that prepares or issues the audit report for a securities issuer attest to, and report on, the issuer's management assessment of the effectiveness of its internal control structure and procedures for financial reporting. Specifies that this requirement shall not apply to an issuer that has a total public float for the relevant reporting period of less than $350 million. Prohibits this Act from being construed to relieve or exempt an issuer from the internal control reporting and assessment requirements of the Sarbanes-Oxley Act of 2002, or from its requirement that officers of the issuer certify certain annual and quarterly reports.

small company job growth regulatory relief act amends sarbanes oxley act revise small issuer exemption requirement registered public accounting firm prepares issues audit report securities issuer attest report issuer management assessment effectiveness internal control structure procedures financial reporting specifies requirement shall apply issuer total public relevant reporting period million prohibits act construed relieve exempt issuer internal control reporting assessment requirements sarbanes-oxley_act requirement officers issuer certify certain annual quarterly reports


Summary: Small Business Investment Company Modernization Act of 2011 - Amends the Small Business Investment Act of 1958 to increase the maximum amount of outstanding leverage that the Small Business Administration (SBA) is authorized to make available to any one small business investment company (SBIC), as a condition to the SBA's purchase or guarantee of debentures or participating securities issued by certain licensed SBICs, if a majority of the managers of a company are experienced in managing at least one such SBIC. Increases the maximum leverage amount for such SBICs to the lesser of: (1) 300% of such company's private capital, or (2) $200 million. (Current law, subject to exceptions, prohibits the maximum amount of such leverage from exceeding the lesser of 300% of private capital or $150 million for any SBIC.) Increases to $350 million (currently, $225 million) the maximum amount of outstanding leverage that may be made available to two or more SBICs that are commonly controlled and not under capital impairment. Prohibits the material capital impairment of one licensed company in a group under common control from reducing the maximum amounts of outstanding leverage that is made available to the other licensed companies in that group.

small_business_investment_company_modernization act amends small_business_investment_act increase maximum outstanding leverage small_business_administration sba authorized available small business investment company sbic condition sba purchase guarantee debentures participating securities issued certain licensed sbics majority managers company experienced managing sbic increases maximum leverage sbics lesser company private capital million current law subject exceptions prohibits maximum leverage exceeding lesser private capital million sbic increases million currently million maximum outstanding leverage available sbics commonly controlled capital impairment prohibits material capital impairment licensed company group common control reducing maximum amounts outstanding leverage available licensed companies group


Summary: Protect Small Business Jobs Act of 2011 - Requires a federal agency, before imposing any sanction on a small business for any violation of a rule or pursuant to an adjudication, to: (1) notify the small business that it may be subject to a sanction at the end of a six-month grace period following such notification; (2) defer any further action for the six-month period (allowing an additional three-month period upon application by the small business demonstrating reasonable good-faith efforts to remedy the violation or other conduct giving rise to the violation); (3) make a further determination at the end of the applicable grace period as to whether the small business would still be subject to the sanction; and (4) upon a negative determination, waive the sanction.

requires federal agency imposing sanction small business violation rule pursuant adjudication notify small business subject sanction end month grace period following notification defer action month period allowing additional month period application small business demonstrating reasonable good faith efforts remedy violation conduct giving rise violation determination end applicable grace period small business subject sanction negative determination waive sanction


Summary: Requires the Department of Defense (DOD) to meet the annual goal outlined under the Small Business Act for participation in federal procurement contracts by small businesses owned and controlled by service-disabled veterans.

requires department_of_defense dod meet annual goal outlined small business act participation federal procurement contracts small businesses owned controlled service disabled veterans


Summary: Requires at least 10% of the amounts made available for any program under the jurisdiction of the Federal Railroad Administration to be expended through small businesses owned and controlled by socially and economically disadvantaged individuals.

requires amounts available program jurisdiction federal_railroad_administration expended small businesses owned controlled socially economically disadvantaged individuals


Summary: Jumpstart Our Business Startups Act - Title I: Reopening American Capital Markets to Emerging Growth Companies - (Sec. 101) Amends the Securities Act of 1933 (SA) and the Securities Exchange Act of 1934 (SEA) to define "emerging growth company" as an issuer that had total annual gross revenues of less than $1 billion during its most recently completed fiscal year. Disqualifies from treatment as an emerging growth company any issuer whose first sale of its common equity securities pursuant to an effective registration statement occurred on or before December 8, 2011. (Sec. 102) Amends SEA and the Investor Protection and Securities Reform Act of 2010 (title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act [Dodd-Frank]) to exempt emerging growth companies from the requirement for separate shareholder approval of executive compensation, including golden parachute compensation. Requires any emerging growth company that ceases to be one to comply with procedures for soliciting a separate shareholder approval of executive compensation. Amends SA to state that an emerging growth company need not present more than two years of audited financial statements in order for its registration statement, with respect to an initial public offering of its common equity securities, to be effective. Amends both SA and SEA to state that, in any other registration statement to be filed with the Securities and Exchange Commission (SEC), an emerging growth company need not present certain selected financial data for any period before the earliest audited period presented in connection with its initial public offering. Declares that an emerging growth company may not be required to comply with any new or revised financial accounting standard until a company that is not an issuer is required to comply with it, if the standard applies to companies that are not issuers. An emerging growth company may comply, however, with specified executive compensation disclosure requirements by disclosing the same information as any issuer with a market value of outstanding voting and nonvoting common equity held by non-affiliates of less than $75 million. (Sec. 103) Amends the the Sarbanes-Oxley Act of 2002 to exempt a registered public accounting firm that prepares or issues a report on its audit of an emerging growth company from the requirement that it attest to, and report on, any assessment of internal controls the company's management has made. (Sec. 104) Modifies the application to emerging growth companies of any auditing or other professional standards the Public Company Accounting Oversight Board may establish that were proposed by one or more professional groups of accountants. Exempts an emerging growth company from any such rules requiring mandatory audit firm rotation or a supplement to the auditor's report in which the auditor would be required to provide additional information about the audit and the issuer's financial statements (auditor discussion and analysis). Applies this exemption also with respect to any additional rules adopted by the Board after enactment of this Act, unless the SEC decides otherwise and determines that their application to emerging growth companies is necessary or appropriate in the public interest, after considering the protection of investors and whether the action will promote efficiency, competition, and capital formation. (Sec. 105) Amends SA to deem not to constitute an offer for sale or offer to sell a security, for the purposes of prospectus and specified registration requirements, a broker's or dealer's publication or distribution of a written, electronic, or oral research report about an emerging growth company that is the subject of a proposed public offering of its common equity securities pursuant to a registration statement the issuer proposes to file, or has filed, or that is effective, even if the broker or dealer is participating or will participate in the registered offering of the issuer's securities. Prohibits the SEC and any registered national securities association from adopting or maintaining any conflict-of-interest rule or regulation in connection with an initial public offering of the common equity of an emerging growth company that restricts: (1) which associated persons (based on functional role) of a broker, dealer, or member of a national securities association may arrange for communications between a securities analyst and a potential investor; or (2) a securities analyst from participating in any communications with the management of an emerging growth company that is also attended by any other associated person of a broker, dealer, or member of a national securities association whose functional role is other than as a securities analyst. Authorizes an emerging growth company, or any person authorized to act on behalf of one, to engage in oral or written communications with potential investors that are qualified institutional buyers or institutions that are accredited investors to determine whether such investors might have an interest in a contemplated securities offering, either before or after the filing of a registration statement with the SEC. Prohibits the SEC and any registered national securities association from adopting or maintaining any rule or regulation prohibiting any broker, dealer, or member of a national securities association from publishing or distributing any research report, or making a public appearance, with respect to the securities of an emerging growth company. (Sec. 106) Amends SA to authorize an emerging growth company, before its initial public offering date, to submit to the SEC a draft registration statement for confidential nonpublic review by SEC staff before the public filing, provided that the initial confidential submission and all amendments to it are publicly filed with the SEC within 21 days before the issuer conducts a "road show." Declares that the SEC, however, shall not be compelled to disclose such information. (A "road show" is an offer that contains a presentation regarding an offering by one or more members of the issuer's management and includes discussion of the issuer, its management, and/or the securities being offered.) Directs the SEC to study the transition to trading and quoting securities in one penny increments ("decimalization"), and the impact it has had upon: (1) the number of initial public offerings since its implementation, and (2) liquidity for small and middle capitalization company securities and whether there is sufficient economic incentive to support trading operations in these securities in penny increments. Authorizes the SEC, if it determines that securities of emerging growth companies should be quoted and traded using a minimum increment of more than $0.01, to designate a minimum increment for such securities of between $0.01 and $0.10 for use in all quoting and trading of securities in any exchange or other execution venue. (Sec. 107) Authorizes an emerging growth company to choose to forgo an exemption granted under this Act and instead comply with the requirements that apply to an issuer that is not an emerging growth company. Prescribes a special extension of time rule for an emerging growth company that chooses to comply with new or revised financial accounting standards under this Act to the same extent that a non-emerging growth company is required to comply with them. Requires the emerging growth company that makes such a choice to: (1) notify the SEC of its choice at the time it is first required to file its registration statement or periodic or other reports, and (2) continue to comply with all such standards to the same extent that a non-emerging growth company is required to do so for as long as it remains an emerging growth company. Prohibits such a company from choosing to comply in this manner with some standards but not others. (Sec. 108) Instructs the SEC to analyze how the current requirements of Regulation S-K (on the non-financial statement portions of registration statements) can be updated to modernize and simplify the registration process and reduce associated costs and other burdens for emerging growth companies. Title II: Access to Capital for Job Creators - (Sec. 201) Directs the SEC to revise its rules governing an exemption from public offering (especially broker or dealer registration) requirements for limited offers and sales of securities without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC. Requires the SEC to provide that securities sold under this revised exemption may be offered to persons other than qualified institutional buyers, including by means of general solicitation or general advertising, provided that securities are sold only to persons that the seller and any person acting on the seller's behalf reasonably believe is a qualified institutional buyer. Deems offers and sales exempt from registration requirements under Regulation D not to be public offerings under federal securities laws as a result of general advertising or general solicitation. Exempts any person meeting certain criteria from broker or dealer registration requirements, with respect to securities offered and sold in compliance with Regulation D, if that person would be subject to such requirements solely because: (1) that person maintains a platform or mechanism that permits the offer, sale, purchase, or negotiation of or with respect to securities, or permits general solicitations, general advertisements, or similar or related activities by their issuers, whether online, in person, or through any other means; (2) that person or any associated person co-invests in such securities; or (3) that person or any associated person provides certain ancillary services with respect to such securities. Allows such an exemption if that person and each associated person: (1) receives no compensation in connection with the purchase or sale of such security, (2) does not have possession of customer funds or securities in connection with such a purchase or sale, and (3) is not subject to a statutory disqualification. Title III: Crowdfunding - Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012 or CROWDFUND Act - (Sec. 302) Amends the SA to prescribe conditions under which transactions of $1 million or less involving the offer or sale of securities by an issuer through a broker or funding portal are exempt from certain registration requirements and prohibitions relating to interstate commerce and the mails (crowdfunding exemption). (Crowdfunding is a method of capital formation by which groups of people pool money, typically composed of very small individual contributions, and often via Internet platforms, to invest in a company or otherwise support an effort by others to accomplish a specific goal.) Amends the Securities Exchange Act of 1934 (SEA) to define "funding portal" as any person acting as an intermediary in a transaction involving the offer or sale of securities for the account of others, solely pursuant to the crowdfunding exemption under this Act, that does not: (1) offer investment advice or recommendations; (2) solicit purchases, sales, or offers to buy the securities offered or displayed on its website or portal; (3) compensate employees, agents, or other persons for such solicitation or based on the sale of securities displayed or references on its website or portal; (4) hold, manage, possess, or otherwise handle investor funds or securities; or (5) engage in other activities determined by the Securities and Exchange Commission (SEC). Amends the SA to set forth qualification requirements for such crowdfunding exemption, including those for intermediaries and issuers. Sets forth restrictions on sales of such exempt securities. (Sec. 303) Amends the SEA to authorize the SEC to exempt crowdfunding investors from certain shareholder caps under the Securities Act of 1933. (Sec. 304) Requires the SEC to exempt funding portals from certain registration requirements, provided that they remain subject to examination by the SEC and a national securities association. (Sec. 305) Prohibits a state or its political subdivision from enforcing any law or administrative action against a registered funding portal with respect to its business as such. Exempts from such prohibition the examination and enforcement of any law or administrative action of a state in which the principal place of business of a registered funding portal is located, if the law or administrative action is not in addition to or different from SEC requirements for registered funding portals. Title IV: Small Company Capital Formation - (Sec. 401) Amends the SA to direct the SEC to exempt from its regulation a class of securities for which the aggregate offering amount of all securities sold within the prior 12-month period in reliance upon such exemption does not exceed $50 million. Restricts any such exemption to equity securities, debt securities, and debt securities convertible or exchangeable to equity interests, including any guarantees of such securities. Subjects to civil liability certain violations arising from offering or selling securities by use of prospectuses and communications. Authorizes the SEC to: (1) require an issuer of such exempted class of securities to make periodic disclosures available to investors regarding the issuer, its business operations, financial condition, corporate governance principles, and use of investor funds; (2) require the issuer to file electronically with the SEC and distribute to prospective investors an offering statement which includes this information; (3) provide for the suspension and termination of this disclosure requirement with respect to that issuer; and (4) prescribe exemption disqualification requirements, substantially similar to regulations adopted in accordance with Dodd-Frank, under which the exemption shall not be available to the issuer and related persons, including predecessors, affiliates, officers, directors, and underwriters. Requires the SEC to: (1) review and increase biennially such offering amount limitation, as appropriate; and (2) report to certain congressional committees its reasons for not increasing the amount if it determines not to do so. Exempts from state regulation the securities covered and required to be exempted from SEC regulation by this Act. (Sec. 402) Directs the Comptroller General to study the impact of state laws regulating securities offerings (Blue Sky laws) on offerings made under Regulation A (which specifies the terms and conditions of exemption from the registration requirements of the SA). Title V: Private Company Flexibility and Growth - (Sec. 501) Amends SEA to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities who either has a class of equity securities held of record by 2,000 persons or by 500 persons who are not accredited investors (currently, a class of non-exempted equity security held of record by 750 or more persons). (Sec. 502) Excludes from the definition "held of record" for purposes of determining mandatory registration, any securities received pursuant to an employee compensation plan in transactions exempted from certain SA registration requirements. (Sec. 503) Directs the SEC to: (1) revise the definition of "held of record" to implement this title, (2) adopt safe harbor provisions to help issuers determine whether holders of their securities received them pursuant to such an employee compensation plan, and (3) submit recommendations to Congress if it determines that new enforcement tools are needed to enforce certain anti-evasion provisions. Title VI: Capital Expansion - (Sec. 601) Amends SEA regarding registration of securities to modify the registration threshold for an issuer that is either a bank or a bank holding company as well as for an issuer that is neither a bank nor a bank holding company. Raises from $1 million to $10 million the threshold for total assets of an issuer that requires registration of a certain class of equity security held of record by 2,000 or more persons. Requires termination of a security registration in the case of a bank or a bank holding company if the number of holders of record of the class of security is reduced to less than 1,200. (Sec. 602) Directs the SEC to issue final regulations to implement this Act. Title VII: Outreach on Changes to the Law - (Sec. 701) Directs the SEC to provide online information and conduct outreach to inform small and medium sized businesses, women owned businesses, veteran owned businesses, and minority owned businesses of the changes made by this Act.

jumpstart business startups act title reopening american capital markets emerging growth companies sec amends securities act securities_exchange_act sea define emerging growth company issuer total annual gross revenues billion recently completed fiscal year disqualifies treatment emerging growth company issuer sale common equity securities pursuant effective registration statement occurred december sec amends sea securities reform act title dodd frank wall street reform consumer protection act dodd-frank exempt emerging growth companies requirement separate shareholder approval executive compensation including golden parachute compensation requires emerging growth company ceases comply procedures soliciting separate shareholder approval executive compensation state emerging growth company need present years audited financial statements order registration statement respect initial public offering common equity securities effective amends sea state registration statement filed securities_and_exchange_commission sec emerging growth company need present certain selected financial data period earliest audited period presented connection initial public offering declares emerging growth company required comply new revised financial accounting standard company issuer required comply standard applies companies issuers emerging growth company comply specified executive compensation disclosure requirements disclosing information issuer market value outstanding voting nonvoting common equity held non affiliates million sec amends sarbanes oxley act exempt registered public accounting firm prepares issues report audit emerging growth company requirement attest report assessment internal controls company management sec modifies application emerging growth companies auditing professional standards public_company_accounting_oversight_board establish proposed professional groups exempts emerging growth company rules requiring mandatory audit firm rotation supplement auditor report auditor required provide additional information audit issuer financial statements auditor discussion analysis applies exemption respect additional rules adopted board enactment act sec decides determines application emerging growth companies necessary appropriate public interest considering protection investors action promote efficiency competition capital formation sec deem constitute offer sale offer sell security purposes prospectus specified registration requirements broker dealer publication distribution written electronic oral research report emerging growth company subject proposed public offering common equity securities pursuant registration statement issuer proposes file filed effective broker dealer participating participate registered offering issuer securities prohibits sec registered national securities association adopting maintaining conflict interest rule regulation connection initial public offering common equity emerging growth company restricts associated persons based functional role broker dealer member national securities association arrange communications securities analyst potential investor securities analyst participating communications management emerging growth company attended associated person broker dealer member national securities association functional role securities analyst authorizes emerging growth company person authorized act behalf engage oral written communications potential investors qualified institutional buyers institutions accredited investors determine investors interest contemplated securities offering filing registration statement sec prohibits sec registered national securities association adopting maintaining rule regulation prohibiting broker dealer member national securities association publishing distributing research report making public appearance respect securities emerging growth company sec authorize emerging growth company initial public offering date submit sec draft registration statement confidential nonpublic review sec staff public filing provided initial confidential submission amendments publicly filed sec days issuer conducts road declares sec shall compelled disclose information road offer contains presentation offering members issuer management includes discussion issuer management securities offered directs sec study transition trading securities increments impact number initial public offerings implementation liquidity small middle capitalization company securities sufficient economic incentive support trading operations securities increments authorizes sec determines securities emerging growth companies traded minimum increment designate minimum increment securities use trading securities exchange execution venue sec authorizes emerging growth company choose forgo exemption granted act instead comply requirements apply issuer emerging growth company prescribes special extension time rule emerging growth company chooses comply new revised financial accounting standards act extent non emerging growth company required comply requires emerging growth company makes choice notify sec choice time required file registration statement periodic reports continue comply standards extent non emerging growth company required long remains emerging growth company prohibits company choosing comply manner standards sec instructs sec analyze current requirements non financial statement portions registration statements updated modernize simplify registration process reduce associated costs burdens emerging growth companies title access capital job sec directs sec revise rules governing exemption public offering especially broker dealer registration requirements limited offers sales securities regard dollar offering regulation provide specified prohibition general solicitation general advertising apply offers sales securities pursuant regulation purchasers securities accredited investors requires rules require issuer reasonable steps verify purchasers securities accredited investors methods determined sec requires sec provide securities sold revised exemption offered persons qualified institutional buyers including means general solicitation general advertising provided securities sold persons seller person acting seller behalf reasonably believe qualified institutional buyer deems offers sales exempt registration requirements regulation public offerings federal securities laws result general advertising general solicitation exempts person meeting certain criteria broker dealer registration requirements respect securities offered sold compliance regulation person subject requirements solely person maintains platform mechanism permits offer sale purchase negotiation respect securities permits general solicitations general advertisements similar related activities issuers online person means person associated person invests securities person associated person provides certain ancillary services respect securities allows exemption person associated person receives compensation connection purchase sale security possession customer funds securities connection purchase sale subject statutory disqualification title iii capital raising online deterring fraud act sec amends prescribe conditions transactions million involving offer sale securities issuer broker funding portal exempt certain registration requirements prohibitions relating interstate commerce mails exemption method capital formation groups people pool money typically composed small individual contributions internet platforms invest company support effort accomplish specific goal amends securities_exchange_act sea define funding portal person acting intermediary transaction involving offer sale securities account solely pursuant exemption act offer investment advice recommendations solicit purchases sales offers buy securities offered displayed website portal compensate employees agents persons solicitation based sale securities displayed references website portal hold manage possess handle investor funds securities engage activities determined securities_and_exchange_commission sec amends set forth qualification requirements exemption including intermediaries issuers sets forth restrictions sales exempt securities sec amends sea authorize sec exempt investors certain shareholder caps securities act sec requires sec exempt funding portals certain registration requirements provided remain subject examination sec national securities association sec prohibits state political subdivision enforcing law administrative action registered funding portal respect business exempts prohibition examination enforcement law administrative action state principal place business registered funding portal located law administrative action addition different sec requirements registered funding portals title small company capital formation sec amends direct sec exempt regulation class securities aggregate offering securities sold prior month period reliance exemption exceed million restricts exemption equity securities debt securities debt securities convertible equity interests including guarantees securities subjects civil liability certain violations arising offering selling securities use communications authorizes sec require issuer exempted class securities periodic disclosures available investors issuer business operations financial condition corporate governance principles use investor funds require issuer file electronically sec distribute prospective investors offering statement includes information provide suspension termination disclosure requirement respect issuer prescribe exemption disqualification requirements substantially similar regulations adopted accordance dodd-frank exemption shall available issuer related persons including affiliates officers directors underwriters requires sec review increase biennially offering limitation appropriate report certain congressional committees reasons increasing determines exempts state regulation securities covered required exempted sec regulation act sec directs comptroller general study impact state laws regulating securities offerings laws offerings regulation specifies terms conditions exemption registration requirements title private company flexibility growth sec amends sea increase million million shareholder registration threshold issuer securities class equity securities held record persons persons accredited investors currently class non exempted equity security held record persons sec excludes definition held record purposes determining mandatory registration securities received pursuant employee compensation plan transactions exempted certain registration requirements sec directs sec revise definition held record implement title adopt safe harbor provisions help issuers determine holders securities received pursuant employee compensation plan submit recommendations congress determines new enforcement tools needed enforce certain anti evasion provisions title capital expansion sec amends sea registration securities modify registration threshold issuer bank bank holding company issuer bank bank holding company raises million million threshold total assets issuer requires registration certain class equity security held record persons requires termination security registration case bank bank holding company number holders record class security reduced sec directs sec issue final regulations implement act title vii outreach changes law sec directs sec provide online information conduct outreach inform small medium sized businesses women owned businesses veteran owned businesses minority owned businesses changes act


Summary: Investing in America's Small Businesses Act of 2011 - Amends the Community Development Banking and Financial Institutions Act of 1994 to require the Community Development Financial Institutions Fund to make grants to community development financial institutions to enable such institutions to establish a loan-loss reserve fund to defray the costs of a small business loan program. Defines "small business loan program" as a program in which a community development financial institution offers loans to small businesses that: (1) are made in amounts up to $25,000, (2) have no prepayment penalty, and (3) meet any affordability requirements established by Administrator of the Fund. Requires a community development financial institution to provide non-federal matching funds equal to 50% of the amount of any grant received. Prohibits the use of such grants to make direct loans to small businesses. Permits a community development financial institution to use such a grant to: (1) help recapture a portion or all of a defaulted loan made under its small business loan program, and (2) designate and utilize a fiscal agent for services the agent normally provides. Requires the Fund to make technical assistance grants to community development financial institutions to create, support, or maintain such a program.

investing america small businesses act amends community development banking financial institutions act require community_development_financial_institutions_fund grants community development financial institutions enable institutions establish loan loss reserve fund defray costs small business loan program defines small business loan program program community development financial institution offers loans small businesses amounts prepayment penalty meet affordability requirements established administrator fund requires community development financial institution provide non federal matching funds equal grant received prohibits use grants direct loans small businesses permits community development financial institution use grant help recapture portion defaulted loan small business loan program designate utilize fiscal agent services agent normally provides requires fund technical assistance grants community development financial institutions create support maintain program


Summary: Small Business Access to Capital Act of 2011 - Amends the Sarbanes-Oxley Act of 2002 to revise the small issuer exemption from the requirement that each registered public accounting firm that prepares or issues the audit report for a securities issuer attest to, and report on, the issuer's management assessment of the effectiveness of its internal control structure and procedures for financial reporting. Specifies that this requirement shall not apply to an issuer that has a total public float for the relevant reporting period of less than $1 billion. Prohibits this Act from being construed to relieve or exempt an issuer from the internal control reporting and assessment requirements of the Sarbanes-Oxley Act of 2002, or from its requirement that officers of the issuer certify certain annual and quarterly reports.

small business access capital act amends sarbanes oxley act revise small issuer exemption requirement registered public accounting firm prepares issues audit report securities issuer attest report issuer management assessment effectiveness internal control structure procedures financial reporting specifies requirement shall apply issuer total public relevant reporting period billion prohibits act construed relieve exempt issuer internal control reporting assessment requirements sarbanes-oxley_act requirement officers issuer certify certain annual quarterly reports


Summary: Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program), and (2) 5 to 7 years the period that such a small business may spend in the Program's transitional stage. Allows small businesses that previously completed the 9-year period, above, and that satisfy net worth requirements applicable to continued eligibility after initial Program admission, to participate for an additional two years. Sets net worth limits for individual Program participants at: (1) $750,000, for Program admission; (2) $2.25 million, for continued Program participation after admission; and (3) $500,000 adjusted gross income, for Program admission and continued eligibility. Provides that, if the Administrator of the Small Business Administration (SBA) graduated a small business from the Program prior to the enactment of this Act on the basis that the small business did not meet standards relating to economic disadvantage and the small business now meets such standards, the small business may participate in the Program for 11 years less any period of previous participation.

small business reform act small succeed business act amends small business act extend years period small business receive developmental assistance years period small business spend program transitional stage allows small businesses previously completed year period satisfy net worth requirements applicable continued eligibility initial program admission participate additional years sets net worth limits individual program participants program admission million continued program participation admission adjusted gross income program admission continued eligibility provides administrator small_business_administration sba graduated small business program prior enactment act basis small business meet standards relating economic disadvantage small business meets standards small business participate program years period previous participation


Summary: Small Business Growth and Federal Accountability Act of 2012 - Prohibits a federal department or agency not meeting its fiscal year goal for awarding procurement contracts to small businesses from expending, for procurement, more than 90% of the amount expended in the fiscal year with respect to which that department or agency did not meet the goal. Allows such a department or agency, in attempting to meet such goal, to give procurement preference to a small business.

federal accountability act prohibits federal department agency meeting fiscal year goal awarding procurement contracts small businesses expending procurement expended fiscal year respect department agency meet goal allows department agency attempting meet goal procurement preference small business


Summary: SBA Loan Paperwork Reduction Act of 2012 - Directs the Administrator of the Small Business Administration (SBA) to carry out a Small Loan Advantage Program in the same manner as, and as a replacement for, the SBA Small Loan Advantage loan initiative. (Under the loan initiative, SBA lenders make partially guaranteed, lower-dollar small business loans which often benefit businesses in underserved areas or markets.) Makes pilot program loan guarantee percentage limits inapplicable to the Small Loan Advantage Program.

directs administrator small_business_administration sba carry small loan advantage program manner replacement loan initiative loan initiative sba lenders partially guaranteed lower dollar small business loans benefit businesses underserved areas markets makes pilot program loan guarantee percentage limits inapplicable


Summary: Government Efficiency through Small Business Contracting Act of 2012 - Amends the Small Business Act to raise from 23% to 25% the governmentwide prime contract award goal for participation by small business concerns and to make the governmentwide subcontract participation award goal 40% for such businesses. Revises percentage goals for awards to small businesses owned and controlled by service-disabled veterans, qualified HUBZone (historically underutilized business zone) small businesses, small businesses owned by socially and economically disadvantaged individuals, and small businesses owned by women (small business categories). Requires the small business procurement goals established by the head of each federal agency participating in federal procurement contracts to: (1) be in the same format as the goals established by the President; (2) address both prime contract and subcontract awards; and (3) meet or exceed the government-wide goals for each small business category. Requires each agency head to: (1) consult with the Administrator of the Small Business Administration (SBA) in establishing agency goals, and (2) develop a plan for achieving agency goals. Revises requirements concerning information required to be included in annual reports from: (1) agency heads to the Administrator concerning the extent of small business participation in that agency's procurement contracts; and (2) the Administrator to the President and Congress on whether individual agency goals were achieved, as well as reasons for any failure to achieve such goals. Requires, in the latter reports, information concerning the number and dollar amounts of prime contracts awarded to small businesses owned by an Alaska Native Corporation. Requires training programs established for the development of federal senior executives to include training with respect to federal procurement requirements, including those under the Small Business Act. Prohibits the granting of sabbaticals or incentive awards to a senior executive whose agency did not achieve its small business procurement contracting and subcontracting goals in the preceding fiscal year.

government efficiency small business contracting act amends small business act raise governmentwide prime contract award goal participation small business concerns governmentwide subcontract participation award goal businesses revises percentage goals awards small businesses owned controlled service disabled veterans qualified hubzone historically underutilized business zone small businesses small businesses owned socially economically disadvantaged individuals small businesses owned women small business categories requires small business procurement goals established head federal agency participating federal procurement contracts format goals established president address prime contract subcontract awards meet exceed government wide goals small business category requires agency head consult administrator small_business_administration sba establishing agency goals develop plan achieving agency goals revises requirements concerning information required included annual reports agency heads administrator concerning extent small business participation agency procurement contracts administrator president congress individual agency goals achieved reasons failure achieve goals requires reports information concerning number dollar amounts prime contracts awarded small businesses owned alaska native corporation requires training programs established development federal senior executives include training respect federal procurement requirements including small business act prohibits granting incentive awards senior executive agency achieve small business procurement contracting subcontracting goals preceding fiscal year


Summary: Small Business Advocate Act of 2012 - Amends the Small Business Act (the Act) to require the Director of the Small and Disadvantaged Business Utilization (established in each federal agency having procurement powers) to be compensated at least at the GS-15 rate and allows such position to be compensated at up to a Senior Executive Service level. Includes as additional duties of each Director: (1) reviewing and advising on decisions to convert an activity performed by a small business to an activity performed by a federal employee; (2) providing advice and comments on acquisition strategies, market research, and justifications related to small business; (3) providing training to small businesses and contract specialists; (4) carrying out exclusively the duties enumerated under the Act and, while Director, not holding any other title, position, or responsibility, except as necessary to carry out such duties; and (5) reporting annually to the congressional small business committees on the provision of small business and contract specialist training. Amends the Federal Acquisition Streamlining Act of 1994 to require the Small Business Procurement Advisory Council to: (1) conduct reviews of each Office of Small and Disadvantaged Business Utilization to determine compliance with Small Business Administration (SBA) requirements, (2) identify best practices for maximizing small business utilization in federal contracting, and (3) report annually to the small business committees on such reviews and best practices.

small business advocate act amends small business act act require director small disadvantaged_business_utilization established federal agency having procurement powers compensated rate allows position compensated senior_executive_service level includes additional duties director reviewing advising decisions convert activity performed small business activity performed federal employee providing advice comments acquisition strategies market research justifications related small business providing training small businesses contract specialists carrying exclusively duties enumerated act director holding title position responsibility necessary carry duties reporting annually congressional small business committees provision small business contract specialist training amends require conduct reviews office_of_small disadvantaged_business_utilization determine compliance small_business_administration sba requirements identify best practices maximizing small business utilization federal contracting report annually small business committees reviews best practices


Summary: Subcontracting Transparency and Reliability Act of 2012 - Amends the Small Business Act to prohibit a small business receiving a guaranteed loan through the Small Business Administration (SBA) from expending more on subcontractors than: (1) 50% of the loan amount received, in case of a contract for services other than construction; (2) 85%, in the case of a contract for general construction; (3) 75%, in case of a contract for construction by a special trade contractor; and (4) 50%, in the case of a contract for supplies (other than from a regular dealer in such supplies). Requires the small business, in case of a contract for supplies from a regular dealer, to supply the product of a domestic small business manufacturer or processor, unless the SBA grants a waiver. Authorizes the SBA Administrator to: (1) modify the above percentage limits when necessary to reflect conventional industry practices; and (2) establish a subcontractor percentage limit for contracts not covered by (1) through (4), above. Provides penalties for violations of such limits. Requires each subcontracting plan submitted to federal agencies to contain assurances that the offeror or bidder will: (1) report on subcontracting activities throughout the life of the contract, and (2) cooperate with any study or survey required by the federal agency or SBA to determine the extent of compliance with the subcontracting plan. Directs the Administrator to ensure that the federal subcontracting reporting system to which such reports are submitted is modified to notify the Administrator, the appropriate contracting officer, and the appropriate Director of Small and Disadvantaged Business Utilization if an entity fails to submit a required report. Makes such failure a breach of contract for which appropriate action may be taken. Provides that if an agency procurement center or commercial market representative determines that a subcontracting plan fails to provide the maximum practicable opportunity for small businesses to participate, such representative may delay acceptance of the plan for a 30-day period for plan alteration. Allows a federal agency to convert a function from performance by a small business to performance by a federal employee only if: (1) the agency has made publicly available the procedures for such a decision, and (2) the procedures require such decisions to be reviewed by the appropriate Office of Small and Disadvantaged Business Utilization and procurement representative.

subcontracting transparency reliability act amends small business act prohibit small business receiving guaranteed loan small_business_administration sba expending subcontractors loan received case contract services construction case contract general construction case contract construction special trade contractor case contract supplies regular dealer supplies requires small business case contract supplies regular dealer supply product domestic small business manufacturer processor sba grants waiver authorizes sba administrator modify percentage limits necessary reflect conventional industry practices establish subcontractor percentage limit contracts covered provides penalties violations limits requires subcontracting plan submitted federal agencies contain assurances offeror bidder report subcontracting activities life contract cooperate study survey required federal agency sba determine extent compliance subcontracting plan directs administrator ensure federal subcontracting reporting system reports submitted modified notify administrator appropriate contracting officer appropriate director small disadvantaged_business_utilization entity fails submit required report makes failure breach contract appropriate action taken provides agency procurement center commercial market representative determines subcontracting plan fails provide maximum practicable opportunity small businesses participate representative delay acceptance plan day period plan alteration allows federal agency convert function performance small business performance federal employee agency publicly available procedures decision procedures require decisions reviewed appropriate office_of_small disadvantaged_business_utilization procurement representative


Summary: Enhancing Exports Through Entrepreneurship Act of 2012 - Amends the Internal Revenue Code to provide a small business export expansion credit of 25% of export expansion expenses. Amends the Small Business Act to direct the Office of International Trade (Office) to compile and update annually, for small businesses and their partner entities, a document that contains: (1) the tariff schedules of all foreign countries; and (2) for each of the 50 foreign countries to which the highest total value of U.S. goods and services are exported, specified information on the demand for goods and services in that country. Requires the Office to identify and advertise programs and services to small businesses, including federal programs and services, that facilitate the matching of foreign customers to small businesses. Amends the Export-Import Bank Act of 1945 to increase, from 20% to 30% of the aggregate annual loan authority available to the Export-Import Bank, the amount to be used to finance small business exports. Amends the Foreign Assistance Act of 1961 to increase the proportion and percentage of projects and assistance financed for small businesses by the Overseas Private Investment Corporation. Provides limitations on duties under the Harmonized Tariff Schedule that apply to certain goods and services imported into the United States for use by small businesses in their regular operations.

enhancing exports entrepreneurship act amends internal revenue code provide small business export expansion credit export expansion expenses amends small_business_act direct compile update annually small businesses partner entities document contains tariff schedules foreign countries foreign countries highest total value goods services exported specified information demand goods services country requires office identify advertise programs services small businesses including federal programs services facilitate matching foreign customers small businesses amends export-import_bank_act increase aggregate annual loan authority available export-import_bank finance small business exports amends foreign assistance act increase proportion percentage projects assistance financed small businesses overseas_private_investment_corporation provides limitations duties harmonized_tariff schedule apply certain goods services imported united_states use small businesses regular operations


Summary: Small Business Opportunity Act of 2012 - Amends the Small Business Act to replace the position of breakout procurement representative within the Small Business Administration (SBA) with the position of procurement center representative. Requires such representatives to, among other things, review any acquisition plan with respect to a procurement requirement, and make recommendations regarding procurement method determinations and acquisition plans. Removes the requirement that such representatives review restrictions on competition, instead requiring them to review barriers to small business participation in federal contracting, as well as any bundled or consolidated solicitation or contract. Requires such representatives to: (1) have electronic access to any acquisition plan developed or in development with respect to a procurement activity, (2) be an advocate for the maximum practicable utilization of small businesses in federal contracting, and (3) be notified of and included in all applicable acquisition planning processes. Directs the Defense Acquisition University and the Federal Acquisition Institute to each provide a course on contracting requirements under the Small Business Act. Requires each federal department or agency having contracting authority to: (1) enumerate opportunities for participation by small businesses during all acquisition planning processes and in all acquisition plans, and (2) invite the participation of the appropriate Director of Small and Disadvantaged Business Utilization and procurement representative in such planning processes and provide Director and representative access to all acquisition plans in development.

small business opportunity act amends small business act replace position procurement representative small_business_administration sba position procurement center representative requires representatives things review acquisition plan respect procurement requirement recommendations procurement method determinations acquisition plans removes requirement representatives review restrictions competition instead requiring review barriers small business participation federal contracting bundled consolidated solicitation contract requires representatives electronic access acquisition plan developed development respect procurement activity advocate maximum practicable utilization small businesses federal contracting notified included applicable acquisition planning processes directs provide course contracting requirements small business act requires federal department agency having contracting authority enumerate opportunities participation small businesses acquisition planning processes acquisition plans invite participation appropriate director small disadvantaged_business_utilization procurement representative planning processes provide director representative access acquisition plans development


Summary: Building Better Business Partnerships Act of 2012 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to establish a mentor-protege program for all small businesses. (Under current law, the SBA mentor-protege program is limited to small businesses participating in the section 8(a) guaranteed loan program.) Prohibits a federal department or agency from carrying out a mentor-protege program for small businesses unless the head of such department or agency submits a program plan to the Administrator and the Administrator approves it. Requires the Administrator to approve or disapprove a plan based on whether the proposed program: (1) will assist proteges to compete for federal prime contracts and subcontracts, and (2) complies with program regulations as issued by the Administrator under this Act.

amends small business act authorize administrator small_business_administration sba establish mentor protege program small businesses current law sba mentor protege program limited small businesses participating section guaranteed loan program prohibits federal department agency carrying mentor protege program small businesses head department agency submits program plan administrator administrator approves requires administrator approve disapprove plan based proposed program assist compete federal prime contracts subcontracts complies program regulations issued administrator act


Summary: Small Business Protection Act of 2012 - Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA), when establishing small business size standards, to establish or approve a single standard for a grouping of four-digit North American Industrial Classification codes only if the Administrator makes publicly available, no later than the date on which it is established or approved, a justification that such standard is appropriate for each individual industry classification in the grouping. Requires the Administrator, in conducting rulemaking to revise, modify, or establish size standards, to consider and address: (1) the industry for which the new standard is proposed, (2) the competitive environment for that industry, (3) the approach used to develop the proposed standard, and (4) the anticipated effect of the proposed rulemaking on the industry.

small business protection act amends small business act authorize administrator small_business_administration sba establishing small business size standards establish approve single standard grouping digit codes administrator makes publicly available later date established approved justification standard appropriate individual industry classification grouping requires administrator conducting rulemaking revise modify establish size standards consider address industry new standard proposed competitive environment industry approach develop proposed standard anticipated effect proposed rulemaking industry