To amend the Small Business Act with respect to mentor-protege programs, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Building Better Business Partnerships Act of 2012''.
SEC. 2. MENTOR-PROTEGE PROGRAMS.
The Small Business Act (15 U.S.C. 631 et seq.) is amended-- (1) by redesignating section 45 as section 46; and (2) by inserting after section 44 the following:
``SEC. 45. MENTOR-PROTEGE PROGRAMS.
``(a) Administration Program.-- ``(1) Authority.--The Administrator is authorized to establish a mentor-protege program for all small business concerns. ``(2) Model for program.--The mentor-protege program established under paragraph (1) shall be identical to the mentor-protege program of the Administration for small business concerns that participate in the program under section 8(a) of this Act (as in effect on the date of enactment of the Building Better Business Partnerships Act of 2012), except that the Administrator may modify the program to the extent necessary given the types of small business concerns included as proteges. ``(b) Programs of Other Agencies.-- ``(1) Approval required.--Except as provided in this subsection, a Federal department or agency may not carry out a mentor-protege program for small business concerns unless-- ``(A) the head of the department or agency submits a plan to the Administrator for the program; and ``(B) the Administrator approves such plan. ``(2) Basis for approval.--The Administrator shall approve or disapprove a plan submitted under paragraph (1) based...