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S. 3342, The Rural Small Business Enhancement Act of 2008

  • This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

Comparing original version (created by webmaster) with revision saved on October 23, 2008, 19:59:41 (webmaster):

S. 3342 would improve access to technology by and increase entrepreneurship among small businesses located in rural communities.

== Detailed Summary ==

<summary>
(LogRural Small Business Enhancement Act of 2008 - Amends the Small Business Act to reduce state matching funds requirements for participation in the Federal and State Technology Partnership (FAST) and Small Business Innovation Research (SBIR) programs of the Small Business Administration (SBA).

Revises the SBA's Rural Outreach program (a program
to editincrease states' participation in the wikiSBIR and Small Business Technology Transfer [STTR] programs) to: (1) make eligible for program awards states whose total value of SBIR and STTR contracts awarded during FY2004 was less than $10 million and will match federal funding on a 50% basis; (2) reauthorize the program for FY2009-FY2020; and (3) require award funds to be used to increase state participation in the firstSBIR and STTR programs.

Requires a report from the SBA Administrator
to the congressional small business committees on the number of government-owned computers in possession of, and recently disposed by, the SBA.

Directs the Administrator to establish a pilot program to annually
provide up to 1,000 excess government-owned computers to small businesses at no cost or a detailed summaryreduced cost.

Requires the Administrator to hire at least five additional full-time employees for the SBA's Office
of Technology.

Directs
the bill!)Administrator to carry out a rural lending outreach program to provide up to an 85% guaranty of loans of not more than $250,000.
</summary>

<!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. -->

== Status of the Legislation ==

<status>
(Log inLatest Major Action: 7/26/2008: Referred to edit the wikiSenate committee. Status: Read twice and be the firstreferred to update the status of the bill!)Committee on Small Business and Entrepreneurship.
</status>

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== Points in Favor ==

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== Points Against ==

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