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Full Text of this Amendment

SA 243. Ms. KLOBUCHAR (for herself and Mr. Brown of Massachusetts) submitted an amendment intended to be proposed by her to the bill S. 493, to reauthorize and improve the SBIR and STTR programs, and for other purposes; which was ordered to lie on the table; as follows:

On page 73, at the end, add the following:
SEC. 209. INNOVATIVE TECHNOLOGY DEVELOPMENT LOAN GUARANTEE PROGRAM.
(a) Definitions.--In this section:
(1) CLEAN TECHNOLOGY.--The term "clean technology" means--
(A) technology that improves energy efficiency, including--
(i) technologies to reduce energy consumption;
(ii) energy-efficient building technologies and applications; and
(iii) efficient electricity transmission, distribution, and electrical grid-based storage;
(B) technology relating to energy storage;
(C) fuel cells and batteries; and
(D) component technologies for electric vehicles.
(2) RENEWABLE ENERGY.--The term "renewable energy" means energy generated from any of the following:
(A) Solar, wind, geothermal, or ocean based sources.
(B) Biomass, biofuels, or feedstock.
(C) Landfill gas.
(D) Municipal solid waste.
(E) Incremental hydropower.
(F) Hydropower that has been certified by the Low Impact Hydropower Institute
(3) SMALL- OR MEDIUM-SIZE HIGH GROWTH TECHNOLOGY COMPANY.--The term "small- or medium-sized high growth technology company" means a small business concern that primarily engages in commerce in 1 or more of the following industries:
(A) Life sciences.
(B) Medical devices.
(C) Computer hardware.
(D) Computer software.
(E) Clean technology.
(F) Renewable energy generation and manufacturing.
(G) Such other industries as the Secretary considers appropriate.
(4) SECRETARY.--Except as otherwise provided, the term "Secretary" means the Secretary of Commerce.
(5) SMALL BUSINESS CONCERN.--The term "small business concern" has the meaning given that term under section 3(a) of the Small Business Act (15 U.S.C. 632(a)).
(b) Establishment of Innovative Product Loan Guarantee Program.--
(1) ESTABLISHMENT.--The Secretary shall establish a loan guarantee program to help small- and medium-sized high growth technology companies who the Secretary determines--
(A) are operating in a phase of the business life cycle in which technological, market, or regulatory uncertainty constrains the amount of capital available from lenders and equity investors to such companies during such phase; and
(B) are unable to progress to the next phase of the business life cycle because of such constraints on the availability of capital.
(2) DESIGNATION.--The loan guarantee program established under paragraph (1) shall be known as the "Innovative Technology Development Loan Guarantee Program".
(c) General Authority.--
(1) IN GENERAL.--The Secretary may, under the program established pursuant to subsection (b)(1), guarantee the full or partial repayment of a loan that meets the requirements of this section.
(2) GUARANTEE PERCENTAGE.--For a loan guaranteed under the program established pursuant to subsection (b)(1), the Secretary may guarantee such percentage of such loan as the Secretary considers appropriate, except that such percentage shall be not less than 50 percent and not more than 90 percent.
(d) Loan Requirements.--A loan referred to in subsection (c) meets the requirements of this section if each of the following requirements is met:
(1) PURPOSE.--The loan is for--
(A) fixed assets relating to reequipping, expanding, or establishing a facility the Secretary considers necessary for the loan recipient to enter the next phase of the business life cycle; or
(B) providing the loan recipient with working capital the Secretary considers necessary for the loan recipient to enter the next phase of the business life cycle.
(2) INTEREST RATE.--The interest rate for the loan does not exceed such maximum rate as the Secretary considers appropriate.
(3) TERMS AND CONDITIONS.--The loan has such terms and conditions as the Secretary considers commercially reasonable and consistent with prevailing market standards.
(4) PRE-QUALIFIED LENDERS.--The loan is offered by a lender who has been pre-qualified under subsection (e).
(e) Pre-qualification of Lenders.--The Secretary shall pre-qualify lenders who--
(1) are nongovernmental entities who specialize in providing financing to high growth technology companies; and
(2) the Secretary determines will expedite the loan process and are competent to carry out credit underwriting, loan origination, loan documentation, loan administration, and loan servicing under the program established pursuant to subsection (b)(1).
(f) Syndication.--A lender offering a loan that is guaranteed under the program established pursuant to subsection (b)(1) shall agree not to syndicate or assign the loan unless--
(1) the loan is syndicated or assigned to a third party financial institution that the Secretary considers qualified;
(2) the lender retains a pre-specified portion of the unguaranteed credit risk; and
(3) the lender continues to perform as the servicing and administrative agent for the loan.
(g) Default.--Notwithstanding any other provision of law, in the case of a default on a loan guaranteed under this section, the lender shall have the right of first refusal to serve as workout and collection agent for purposes of such default and under such terms as the Secretary considers appropriate.
(h) Fees.--The Secretary may establish such fees as the Secretary considers necessary to cover the costs of administering the program established under subsection (b)(1).
(i) Innovative Technology Development Fund.--
(1) IN GENERAL.--There is established in the Treasury of the United States a revolving fund known as the "Innovative Technology Development Fund" (in this subsection referred to as the "Fund").
(2) ELEMENTS.--There shall be deposited in the fund the following, which shall constitute the assets of the Fund:
(A) Amounts paid into the Fund under any provision of law or regulation established by the Secretary imposing fees under subsection (h).
(B) All other amounts received by the Secretary incident to operations relating to the loan guarantee program established under subsection (b)(1).
(3) USE OF FUNDS.--The Fund shall be available to the Secretary, without fiscal year limitation, to carry out the provisions of this section.
(j) Authorization of Appropriations.--There is authorized to be appropriated to the Secretary to carry out this section $200,000,000 for fiscal year 2011.
SEC. 210. INTERNET WEBSITE PROMOTING COMMERCIALIZATION OF TECHNOLOGY IDEAS INVENTED BY FEDERALLY FUNDED RESEARCHERS.
(a) In General.--Not later than 1 year after the date of the enactment of this Act, the Secretary of Commerce shall, acting through the Director of the National Institute for Standards and Technology, establish and maintain an Internet website that connects Federally funded researchers who have ideas for technologies that they believe could be commercialized with persons who express interest in working with Federally-funded researchers on the commercialization of their technologies.
(b) Participation Optional.--Participation of a Federally-funded researcher in the Internet website required by subsection (a) shall be optional.
(c) Report.--
(1) IN GENERAL.--Not later than 2 years after the establishment of the Internet website required by subsection (a), the Secretary shall submit to Congress a report on such Internet website.
(2) ELEMENTS.--The report required by paragraph (1) shall include the following:
(A) The status of the Internet website required by subsection (a).
(B) An assessment of such Internet website.
(C) Such recommendations as the Secretary may have for improvements to the Internet website and any additional funding or legislative action as the Secretary considers necessary to implement such improvements.
(d) Authorization of Appropriations.--There is authorized to be appropriated to the Secretary of Commerce to carry out this section $1,000,000 for each of the fiscal years 2011 through 2015. Amounts appropriated under this subsection shall remain available until expended.
SEC. 211. LIMITATION ON GOVERNMENT PRINTING COSTS.
Not later than 180 days after the date of the enactment of this Act, the Director of the Office of Management and Budget shall coordinate with the heads of Federal departments and independent agencies to--
(1) determine which Government publications could be available on Government Internet websites and no longer printed and to devise a strategy to reduce overall Government printing costs over the 10-year period beginning with fiscal year 2011, except that the Director shall ensure that essential printed documents prepared for social security recipients, medicare beneficiaries, and other populations in areas with limited Internet access or use continue to remain available;
(2) establish government-wide Federal guidelines on employee printing; and
(3) issue on the Office of Management and Budget's public Internet website the results of a cost-benefit analysis on implementing a digital signature system and on establishing employee printing identification systems, such as the use of individual employee cards or codes, to monitor the amount of printing done by Federal employees; except that the Director of the Office of Management and Budget shall ensure that Federal employee printing costs unrelated to national defense, homeland security,
border security, national disasters, and other emergencies do not exceed $860,000,000 annually.
(As printed in the Congressional Record for the Senate on Mar 16, 2011.)