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2013 Member Meeting June 6, 2013 Sacramento, CA The View from Washington: A Legislative Update

2013 Member Meeting June 6, 2013 Sacramento, CA The View from Washington: A Legislative Update Presenter: Ann Sullivan, CAMEO Government Relations asullivan@madisonservicesgroup.com. FY14 Funding.

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2013 Member Meeting June 6, 2013 Sacramento, CA The View from Washington: A Legislative Update

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  1. 2013 Member Meeting June 6, 2013 Sacramento, CA The View from Washington: A Legislative Update Presenter: Ann Sullivan, CAMEO Government Relationsasullivan@madisonservicesgroup.com

  2. FY14 Funding • For SBA, the President’s FY2014 Budget request represents a 12% reduction over FY2012 enacted level – currently, SBA is funded at FY2012 levels minus the required sequestration cuts of about 5%. • The U.S. Department of Agriculture and the Department of Treasury’s CDFI Fund are operating under the same conditions. • The House and Senate Appropriation’s Committees will meet over the next eight weeks to begin the process of drafting FY2014 spending bills. • CAMEO’s DC Team has been meeting with the Members of the Appropriations Committees through the spring to discuss the importance of microbusiness lending and business assistance programs.

  3. FY14 Funding Appropriations Overview & FY2014 Funding Recommendations

  4. FY14 Funding The President’s FY2014 Budget also included a number of additional requests: • A request to waive all fees on 7(a) loans under $150,000 – this includes Community Advantage loans • A $7 million request for the creation of a streamlined loan application and system (“SBA ONE”), data tracking and evaluation system • $40 million for the SBA’s Emerging Leaders Program (initially launched in 2008, no funding in previous fiscal year) to provide business assistance for established businesses looking to grow • CAMEO’s recommendation is to ensure existing business assistance programs receive sufficient funding before new programs are created.

  5. WIA “Starting a business is job creation” • Performance measure fix to allow the self-employed to be counted is a top priority for CAMEO. • In 112th Congress, Rep. Lois Capps (D-CA) introduced legislation that would direct DOL to establish guidelines for OneStop career centers to count those who start their own business as a “success,” thus incentivizing OneStops to provide entrepreneurship training. Current Status • Rep. Capps committed to re-introducing in the House – CAMEO seeking a Republican co-sponsor. • In the Senate, Senator Ron Wyden (D-OR) and Mary Landrieu (D-LA) are interested introducing similar legislation.

  6. WIA Workforce Investment Act Reauthorization – An Update • The original legislation expired in 2003; it has not been reauthorized since, but extended each year via appropriations bills. • In March, the House passed the SKILLS Act (H.R. 803), which would combine nearly all of Department of Labor’s jobs training programs into a block grant to states to operate job training programs. • The Senate has begun preliminary work on a WIA reauthorization draft.

  7. SEA Self-Employment Assistance (SEA) as an Alternative to Traditional Unemployment Compensation • In 2012, new guidance and $35 million was set aside for states to establish self-employment assistance programs. • Grant application deadline is currently August 13, 2013. • Some states are struggling to meet deadline given each state’s legislative and budget calendars (legislation is required to request grant funding). • Additional burden: some states have shown unwillingness to establish an SEA program due to cost, etc.

  8. SEA Current Congressional proposal • Extends the application deadline by six months and requires states to “express interest” during those six months. • Once the six month window closed, grant funding would be distributed between those states that expressed interest and successfully applied. • Currently, the formula is designed to distribute funds based on the percentage of a state’s relative population.

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