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Full Text of this Amendment

SA 205. Mr. SANDERS submitted an amendment intended to be proposed by him 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:

At the appropriate place, insert the following:
(a) Amendment.--Section 7(a) of the Small Business Act (15 U.S.C. 636(a)) is amended by adding at the end the following:
"(A) DEFINITION.--In this paragraph, the term `cooperative grocery' means a business concern organized as a cooperative that--
"(i) is owned by not fewer than 150 and not more than 20,000 individuals--
"(I) that are customers or employees of the business concern; and
"(II) no 1 of which owns more than 1 share of the business concern;
"(ii) distributes any portion of the profits of the business concern to the owners of the cooperative; and
"(iii) operates a physical storefront selling a variety of fruits, vegetables, and dairy products.
"(B) ELIGIBILITY.--Notwithstanding section 120.110 of title 13, Code of Federal Regulations, for purposes of this subsection, a cooperative grocery shall be deemed to be a small business concern.".
(b) Technical Amendment.--Section 1133(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 636 note) is amended--
(1) in paragraph (1), by striking "and" at the end;
(2) in paragraph (2), by striking the period at the end and inserting "; and"; and
(3) by adding at the end the following:
"(3) by redesignating paragraph (36), as added by the SBIR/STTR Reauthorization Act of 2011, as paragraph (35).".

(As printed in the Congressional Record for the Senate on Mar 15, 2011.)