Southeast Asia Strategy Act This bill directs the Department of State to submit to Congress a strategy for engagement with Southeast Asia and the Association of Southeast Asian Nations (ASEAN). The strategy shall include various elements including (1) an identification of enduring U.S. interests in the region and efforts to bolster ASEAN's effectiveness; (2) a list of ongoing and planned initiatives to strengthen U.S. relationships in the region, including efforts to promote inclusive economic growth and energy innovation; and (3) a summary of ongoing efforts to promote human rights and democracy and strengthen the rule of law.
Tropical Forest and Coral Reef Conservation Reauthorization Act of 2021 This bill extends through FY2026 authority for debt-for-nature swaps and debt buyback programs that reduce or convert debt obligations from an eligible country to the United States into funding for nature conservation and protection efforts in that country.
This resolution condemns the actions taken by the governments of China and Hong Kong to put in place national security legislation that violates the freedoms and rights guaranteed to the people of Hong Kong. (Hong Kong is a part of China but, by agreement, has operated a legal and economic system largely separate from China's.)
Protecting Indian Tribes from Scams Act This bill requires the Federal Trade Commission (FTC), after consultation with Indian tribes, to report on unfair or deceptive practices that target tribes or tribal members. The FTC must submit the report to Congress and make it publicly available. Further, the FTC must update its website to include information for consumers and businesses on identifying and avoiding unfair or deceptive practices that target tribes or tribal members.
Microloan Improvement Act of 2021 This bill revises the microloan program through which the Small Business Administration (SBA) provides, through designated intermediaries, certain financial assistance to small businesses. Specifically, the bill authorizes an intermediary to offer a line of credit to a small business, and it increases the average amount for loans from an intermediary to participating small businesses that makes the intermediary eligible for a reduced interest rate on SBA loans. The bill also places limits on the repayment term for a microloan, and it prohibits the SBA from imposing any additional limitation on the term for repayment of a microloan. Further, the SBA must (1) reserve 15% of new loan funds that are made available for disbursement as microloans to designated underutilized states and make the remaining 85% available for any state, (2) establish a process for an intermediary to provide the major credit reporting agencies with information about a borrower that is relevant to credit reporting, and (3) include information regarding equitable distribution of loan funds in its annual report.
504 Credit Risk Management Improvement Act of 2021 This bill revises the duties of the Office of Credit Risk Management to include oversight of a certified development company (CDC) that participates in the 504 Loan Program of the Small Business Administration (SBA), and it requires the SBA to issue rules related to certain environmental requirements. The 504 Loan Program provides a small business with SBA financing—through a CDC intermediary—for expansion or modernization. Specifically, the bill requires the office to oversee any CDC that participates in the program and to conduct file reviews with respect to loan closings under the program. Further, the bill authorizes the office to take formal and informal enforcement actions against a CDC for specified violations and to charge each CDC a fee. The SBA must issue rules to clarify the procedures necessary for an eligible CDC to comply with certain environmental requirements.
504 Modernization and Small Manufacturer Enhancement Act of 2021 This bill modifies the Small Business Administration (SBA) 504 Loan Program, which provides a small business with SBA financing—through a certified development company (CDC) intermediary—for expansion or modernization. Specifically, the bill adds policy goals, at least one of which a CDC must demonstrate to be eligible for assistance. These include (1) enhancing the ability of a small business to reduce costs by using energy efficient products and generating renewable energy, and (2) aiding the revitalization of any area for which a disaster has been declared or determined. The bill also authorizes a CDC to take specified actions to facilitate the closing of a 504 loan, such as correcting borrower or lender information on loan documents or reallocating up to 10% of the cost of a project. For small manufacturers, the bill (1) increases the maximum loan amount from $5.5 million to $6.5 million, (2) reduces the amount that they must contribute to project costs, (3) increases job retention requirements, and (4) revises collateral requirements and debt refinancing considerations. Further, each SBA district office must partner with a resource partner to provide certain training for small manufacturers.
Microloan Transparency and Accountability Act of 2021 This bill modifies reporting requirements related to the Small Business Administration's (SBA) disbursement of certain financial assistance. Specifically, the bill requires the SBA to report certain metrics related to the disbursement of microloans to small businesses, including (1) the number, amount, and percentage of such loans that went into default in the previous year; (2) the extent to which microloans are provided to small businesses in rural areas; and (3) the average size, rate of interest, and amount of fees charged for each microloan.
Nicholas and Zachary Burt Memorial Carbon Monoxide Poisoning Prevention Act of 2021 This bill directs the Consumer Product Safety Commission to award grants to states and tribal organizations to install carbon monoxide alarms in the homes of low-income families and older adults and facilities that commonly serve children or older adults. Such carbon monoxide alarms must comply with specified standards.
Workplace Violence Prevention for Health Care and Social Service Workers Act This bill requires the Department of Labor to address workplace violence in health care, social service, and other sectors. Specifically, Labor must issue an interim occupational safety and health standard that requires certain employers to take actions to protect workers and other personnel from workplace violence. The standard applies to employers in the health care sector, in the social service sector, and in sectors that conduct activities similar to those in the health care and social service sectors. In addition, Labor must promulgate a final standard within a specified time line.
Protecting Seniors from Emergency Scams Act This bill requires the Federal Trade Commission to report on, and increase awareness regarding, scams targeting older adults. Specifically, the commission must report on the number and type of scams that target older adults and provide policy recommendations to prevent such scams; revise the commission's web portal with current information about such scams, including contact information for law enforcement and adult protective services agencies; and coordinate with media outlets and law enforcement to disseminate such information.
This resolution elects specified Members to the Joint Committee of Congress on the Library and the Joint Committee on Printing.
