institution (as that term is defined in section 319(b) of such Act ( 20 U.S.C. 1059f(b) )). (12) Passive component The term passive component means, with respect to a printed circuit board, an electronic component within an electronic circuit that functions using the existing electronic current within the electronic circuit to control or modify electrical signals. (13) Person The term person means an individual or entity. (14) Printed circuit board The term printed circuit board means a composite structure of layered electrically conductive and non-conductive materials that provides interconnections with other micro-electronics or electronics systems or subsystems and electrical connections between active and passive components, and may include components embedded in the composite structure. (15) Program The term Program means the program established under subsection (b)(1). (16) Secretary The term Secretary means the Secretary of Commerce. (17) Small business The term small business has the meaning given the term small business concern under section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) ), except that section 121.103 of title 13, Code of Federal Regulations (or any successor regulation) shall not apply. (18) State The term State means each State of the United States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Indian Tribe. (19) Veteran-owned business The term veteran-owned business has the meaning given the term small business concern owned and controlled by veterans in section 3(q) of the Small Business Act ( 15 U.S.C. 632(q) ). (b) Financial assistance program (1) In general The Secretary shall establish a program that, in accordance with the requirements of this section and subject to the availability of appropriations for such purposes, provides Federal financial assistance to covered entities to incentivize investment in facilities and equipment in the United States for manufacturing or research and development of