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Requires the Office to: (1) recommend methods for the delivery of financial assistance to small businesses owned and controlled by socially and economically disadvantaged individuals, women, and veterans; (2) make recommendations and submit relevant reports to the President, the chairmen and ranking members of the congressional small business committees, and the SBA Administrator; (3) maintain economic databases and make such information available to the Administrator and Congress; and (4) coordinate functions with the Small Business and Agriculture Regulatory Enforcement Ombudsman.
Requires the Chief Counsel to submit annually to the Office of Management and Budget and the congressional small business and appropriations committees the Office's appropriation estimate and request. Requires each budget of the United States submitted by the President to include a separate statement of the amount of appropriations requested for the Office of Advocacy.
Authorizes the Chief Counsel to appoint two Deputy Chief Counsels, as well as regional advocates.
Requires the Administrator to provide the Office with appropriate office space, equipment, supplies, communications facilities, and personnel and maintenance services.
Requires the Chief Counsel to report at least annually to the President, specified congressional committees, and the Administrator on Federal agency regulatory flexibility exercised with respect to small businesses.
Increases, and extends through FY 2005, the authorization of appropriations for the Office.
Requires the Administrator (currently, the Chief Counsel) to conduct an SBA program for the development of rural small businesses engaged in tourism-related activities.
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No CBO cost estimate has been published for this bill.