(a) The Secretary shall make funds available for use by businesses for the implementation of capital improvement projects such as:

a. The construction of new establishments

b. The remodeling of existing establishments

c. Infrastructure improvements and re-tooling of existing facilities.

(b) The Secretary shall cause such funds to be administered by the SBA (Small Business Administration), FHA, VA, local bank offices and other qualified Financial Institutions.

(c) The Secretary shall limit the eligibility requirements of such funds to the following criteria:

a. The applicant shall have filed their taxes for the three years preceding the application

b. The applicant shall have paid their taxes as required by the IRS.

c. In the event that the applicant is in default with the IRS, a portion of the loan sufficient to pay their debt to their outstanding taxes shall be deducted from the requested amount.

d. The applicant shall have shown profitability in the three years preceding the application.

e. The applicant shall agree to make their financial records available for audit by persons authorized by the Secretary.

(d) Businesses applying for benefit of Capital Improvement funds shall waive rights to privacy and shall agree to abide by laws governing public institutions, until such a time as their loan is paid in full.

(e) Such funds shall be considered ‘low interest loans’ payable within a stipulated period and at an interest rate predetermined by the Secretary.

(a) The Small Business Package will simply offer a Tax Credit to Small Business Owners to hire and train employees in addition with the tax credit that is already on the table. The Government will subsidize the wages that will accomplish two things. One it will create Jobs, Two it will make Employers hire Young Americans (Legal Workers) at a moderate wage, to increase Profit and cut Unemployment. This would also work for Major Corporations that are not organized (Union).

(b) A new form of Affirmative Action to include that Government Funded Projects shall hire, trained and credible Americans at a mandatory percentage in relation to documented workers.

(c) Foreign Companies shall be given incentives to do the same.

(a) The Secretary shall mandate that financial institutions including but not limited to insurers, banks and brokerage firms to make a portion of the funds that have been distributed to them accessible to individual taxpayers as low interest loans payable within stipulated periods of time.

(b) The Secretary shall determine with advisement from economic experts the percentage of the distributed funds to be made available by each institution.

(c) The Secretary shall establish the guidelines for such loans and shall cause such loans to be monitored closely by governing agencies.

(d) The Secretary shall establish the limits of such loans as follows:

a. Up to $25,000.00 but not to exceed 25% of any individual’s average earning for the three years preceding their application.

b. Such loans shall be collateralized by proof of employment or by other real property that is free of burden.

(e) Such loans shall be payable starting 90 days after funding.

(f) The Secretary shall establish the eligibility for such loans as follows:

a. The individual(s) shall have been gainfully employed for at least one year preceding the date of application.

b. The individual shall have filed their tax returns as required by the IRS for the three years preceding the date of the application.

c. The individual shall provide proof of income by such instruments as determined by the issuing bank.

(a) APPLICABILITY.—Any financial institution that sells troubled assets to the Secretary under this Act shall be subject to the executive compensation requirements as follows:

a. The gross total of executive compensation shall not exceed 20% of the institution or businesses net profit for the fiscal period.

b. Distributions of earnings to Board members shall not exceed 20% of net profit

c. Bonuses and incentives to all executives and board members combined shall not exceed 10% of net profit.

d. Gross totals of expenses for corporate incentives and/or retreats shall not exceed 25% of net profits.

DEFINITIONS:

Net profit shall be defines as that portion of a company’s revenue remaining after all operational expenses have been deducted. Such operational expenses include

- Salaries to employees, not including executives

- Compensations to vendors and suppliers

- Cost of operations including utilities, etc

- Costs for advertising and publicity

- Costs for manufacturing or other market driven costs

- Costs for employee benefits

Operational costs or expenses do not include monies spent on

- Retreats

- Travel costs except as specifically related to the performance of job duties or the shipment of products and goods

- Payments to consultants

- Payments to executives such as reimbursables, etc.

(b) Businesses receiving benefit from the Act shall be subject to reorganization with the intent of streamlining operations without laying off employees.

(c) Businesses receiving benefit from the Act shall modify the compensation structure for executives, board members and other senior management personnel as described above. All compensation shall be performance driven.

(d) The Secretary shall order such restructuring should a business fail to modify their compensation structure voluntarily.

(a) The Secretary shall order institutions that have received bailout funds since October 3, 2008 to comply with full disclosure of the usage of the funds distributed to them as follows:

a. Such institutions shall cause to be published a detailed accounting of the use of the funds distributed to them.

b. Such institutions shall make additional information available to auditors upon request and without delay.

c. Such institutions shall provide detailed reports of executive compensations, bonuses, perks, incentives and other distribution to executives and board members upon request.

d. Such institutions shall make available detailed reports of payments to all consultants, vendors and other stake holders and indirect employees of the institution.

(b) The Secretary shall require that the institution reimburse the Treasury any funds that have been disbursed outside of the approved usage.

(c) In the event that an institution shall fail to comply, the Secretary shall be empowered to cause the sale of the assets of the institutions, including the sale of assets owned directly or indirectly by officers and board members of the institution to reimburse the Treasury.

(d) The Secretary will order the prosecution of individuals miss appropriating or mishandling of funds to the full extent of criminal felon activity.

(a) A Government controlled Loan for restructuring Home Mortgages at 4.5 APR over 40 years fixed.

(b) Qualifications shall not be limited to Credit Scores, but handled in a case-by-case evaluation in regards to the previous 3 years of defaulted adjustable loans.

(a) The Public School System curriculum should be extended to an additional two years, which will include Technical, Vocational, and on-the-job Training. This can be implemented with a Small Business Package.

(b) The Truancy Laws should also extend to 20 years of age along with the Military Combat age to 20 years of age.

(c) The Truancy Laws will not apply to citizens over 18 years of age who are gainfully employed, also in relation to school, military and job related activities.

(a) The Secretary shall ensure that regulatory agencies will not interfere with the functioning of the free market by establishing limitations on their functions as follows:

a. Regulatory agencies shall function solely in the capacity of enforcing ethical and proper codes of conduct by participants in the financial markets.

b. Regulatory agencies shall be entrusted with the function of examining and ratifying any new and untested instruments and shall regulate their usage to prevent abuse.

(b) In no event shall a regulatory agency arbitrarily interfere with the free functioning of the financial markets.
(c) The Secretary shall place the already established agencies such as SBA, FHA, and VA as the Regulatory Agencies.