‘(a) Purpose- The purpose of this section is to provide high-quality multilingual distance learning to potential and existing entrepreneurs through the use of technology.
‘(b) Definition- As used in this section, the term ‘qualified third-party vendor’ means an entity with experience in distance learning content or communications technology, or both, with the ability to utilize on-line, satellite, video-on-demand, and connected community-based organizations to distribute and conduct distance learning related to entrepreneurship, credit management, financial literacy, and Federal small business development programs.
‘(c) Authority- The Administrator shall contract with qualified third-party vendors for entrepreneurial training content and the development of communications technology that can distribute content under this section throughout the United States. The Administrator shall contract with qualified third-party vendors to develop content in English and at least two other languages that are not English. For the purposes of this section, the Administrator shall designate the languages other than English by taking into account the general needs of the business community.
‘(d) Content- The Administrator shall ensure that the content referred to in subsection (c) is timely and relevant to entrepreneurial development and can be successfully communicated remotely to an audience through the use of technology. The Administrator shall, to the maximum extent practicable, promote content that makes use of technologies that allow for remote interaction by the content provider with an audience. The Administrator shall ensure that the content is catalogued and accessible to small businesses on-line or through other remote technologies.
‘(e) Communications Technology- The Administrator shall ensure that the communications technology referred to in subsection (c) is able to distribute content throughout all 50 States and the territories of the United States to small business concerns, home-based businesses, Small Business Development Centers, Women’s Business Centers, Veterans Business Centers, and the Small Business Administration. To the extent possible, the qualified third-party vendor should deliver the content using broadband technology.
‘(f) Reports to Congress- The Administrator shall submit a report to Congress 6 months after the date of the enactment of this section containing an analysis of the Small Business Administration’s progress in implementing this section. The Administrator shall submit a report to Congress one year after the date of the enactment of this section and annually thereafter containing the number of presentations made under this section, the number of small businesses served under this section, the extent to which this section resulted in the establishment of new businesses, and feedback on the usefulness of this medium in presenting entrepreneurial education throughout the United States.
‘(g) Authorization of Appropriations- There are authorized to be appropriated to carry out this section $2,000,000 for each of the fiscal years 2010 and 2011.’.