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PUBLIC LAW 111–203—JULY 21, 2010 124 STAT. 2113

‘‘(2) A covered agency, as defined in section 609(d)(2), shall,
for purposes of complying with paragraph (1)(C)—
‘‘(A) identify representatives of small entities in consulta-
tion with the Chief Counsel for Advocacy of the Small Business
Administration; and
‘‘(B) collect advice and recommendations from the rep-
resentatives identified under subparagraph (A) relating to
issues described in subparagraphs (A) and (B) of paragraph
(1) and subsection (b).’’.
(c) FINAL REGULATORY FLEXIBILITY ANALYSIS.—Section 604(a)
of title 5, United States Code, is amended—
(1) in paragraph (4), by striking ‘‘and’’ at the end;
(2) in paragraph (5), by striking the period at the end
and inserting ‘‘; and’’; and
(3) by adding at the end the following:
‘‘(6) for a covered agency, as defined in section 609(d)(2),
a description of the steps the agency has taken to minimize
any additional cost of credit for small entities.’’.

SEC. 1100H. EFFECTIVE DATE. 5 USC 552a note.
Except as otherwise provided in this subtitle and the amend-
ments made by this subtitle, this subtitle and the amendments
made by this subtitle, other than sections 1081 and 1082, shall
become effective on the designated transfer date.

TITLE XI—FEDERAL RESERVE SYSTEM
PROVISIONS

SEC. 1101. FEDERAL RESERVE ACT AMENDMENTS ON EMERGENCY LENDING AUTHORITY. (a) FEDERAL RESERVE ACT.—The third undesignated paragraph of section 13 of the Federal Reserve Act (12 U.S.C. 343) (relating to emergency lending authority) is amended— (1) by inserting ‘‘(3)(A)’’ before ‘‘In unusual’’; (2) by striking ‘‘individual, partnership, or corporation’’ the first place that term appears and inserting the following: ‘‘participant in any program or facility with broad-based eligi- bility’’; (3) by striking ‘‘exchange for an individual or a partnership or corporation’’ and inserting ‘‘exchange,’’; (4) by striking ‘‘such individual, partnership, or corpora- tion’’ and inserting the following: ‘‘such participant in any pro- gram or facility with broad-based eligibility’’; (5) by striking ‘‘for individuals, partnerships, corporations’’ and inserting ‘‘for any participant in any program or facility with broad-based eligibility’’; and (6) by striking ‘‘may prescribe.’’ and inserting the following: ‘‘may prescribe. ‘‘(B)(i) As soon as is practicable after the date of enact- Regulation. ment of this subparagraph, the Board shall establish, by Procedures. regulation, in consultation with the Secretary of the Treasury, the policies and procedures governing emergency lending under this paragraph. Such policies and procedures LAWS shall be designed to ensure that any emergency lending program or facility is for the purpose of providing liquidity to the financial system, and not to aid a failing financialPUBLIC with on anorris VerDate Nov 24 2008 22:28 Sep 03, 2010 Jkt 089139 PO 00203 Frm 00739 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 PUBL203