ESTABLISHMENT.

SEC. 353. [15 U.S.C. 689b] ESTABLISHMENT. In accordance with this part, the Administrator shall establish a New Markets Venture Capital Program, under which the Administrator may— (1) enter into participation agreements with companies granted final approval under section 354(e) for the purposes set forth in section 352; (2) guarantee the debentures issued by New Markets Venture Capital companies as provided in section 355; and (3) make grants to New Markets Venture Capital companies, and to other entities, under section 358.