Page:United States Statutes at Large Volume 124.djvu/2085

124 STAT. 2059 PUBLIC LAW 111–203—JULY 21, 2010 ‘‘(3) SMALL BUSINESS LOAN.—The term ‘small business loan’ means a loan made to a small business. ‘‘(4) MINORITY.—The term ‘minority’ has the same meaning as in section 1204(c)(3) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989. ‘‘(5) MINORITY-OWNED BUSINESS.—The term ‘minority- owned business’ means a business— ‘‘(A) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals; and ‘‘(B) more than 50 percent of the net profit or loss of which accrues to 1 or more minority individuals. ‘‘(6) WOMEN-OWNED BUSINESS.—The term ‘women-owned business’ means a business— ‘‘(A) more than 50 percent of the ownership or control of which is held by 1 or more women; and ‘‘(B) more than 50 percent of the net profit or loss of which accrues to 1 or more women.’’. (b) TECHNICAL AND CONFORMING AMENDMENTS.—Section 701(b) of the Equal Credit Opportunity Act (15 U.S.C. 1691(b)) is amended— (1) in paragraph (3), by striking ‘‘or’’ at the end; (2) in paragraph (4), by striking the period at the end and inserting ‘‘; or’’; and (3) by inserting after paragraph (4), the following: ‘‘(5) to make an inquiry under section 704B, in accordance with the requirements of that section.’’. (c) CLERICAL AMENDMENT.—The table of sections for title VII of the Consumer Credit Protection Act is amended by inserting after the item relating to section 704A the following new item: ‘‘704B. Small business loan data collection.’’. (d) EFFECTIVE DATE.—This section shall become effective on the designated transfer date. SEC. 1072. ASSISTANCE FOR ECONOMICALLY VULNERABLE INDIVID - UALS AND FAMILIES. (a) HERA AMENDMENTS.—Section 1132 of the Housing and Economic Recovery Act of 2008 (12 U.S.C. 1701x note) is amended— (1) in subsection (a), by inserting in each of paragraphs (1), (2), (3), and (4) ‘‘or economically vulnerable individuals and families’’ after ‘‘homebuyers’’ each place that term appears; (2) in subsection (b)(1), by inserting ‘‘or economically vulnerable individuals and families’’ after ‘‘homebuyers’’; (3) in subsection (c)(1)— (A) in subparagraph (A), by striking ‘‘or’’ at the end; (B) in subparagraph (B), by striking the period at the end and inserting ‘‘; or’’; and (C) by adding at the end the following: ‘‘(C) a nonprofit corporation that— ‘‘(i) is exempt from taxation under section 501(c)(3) of the Internal Revenue Code of 1986; and ‘‘(ii) specializes or has expertise in working with economically vulnerable individuals and families, but whose primary purpose is not provision of credit coun- seling services.’’; and (4) in subsection (d)(1), by striking ‘‘not more than 5’’. 15 USC 1691 note.