,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #eeii  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ah1 #bjad
 ,mr4 ,graves of ,missouri 7for himself1
 ,mr4 ,chabot1 ,mr4 ,schweikert1 ,mr4   
,hanna1 ,mr4 ,huelskamp1 ,mr4 ,collins  
of ,new ,york1 ,mr4 ,luetkemeyer1 ,mr4  
,tipton1 ,mr4 ,king of ,iowa1 and ,mr4  
,rice of ,south ,carolina7 introduced   
the following bill2 which was referred  
to the ,committee on ,small ,business   
,a ,,bill  ,to clarify that the use of  
electronic signatures and records in    
,,sba loan and related financing        
programs is permitted4  #a4 ,short title
 ,this ,act may be cited as the ,small  
,business ,loan ,simplification ,act of 
#bjad4  #b4 ,electronic signatures and  
records  7a7 ,in general ,section #d of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcc7 is amended by the adding the     
following new subsection3  7g7          
,electronic signatures and records ,in  
accordance with the ,electronic         
,signatures in ,global and ,national    

,commerce ,act 7#ae ,u4,s4,c4 #gjja et  
seq471 the ,administrator shall--  7#a7 
amend regulations and ,standard         
,operating ,procedures to authorize the 
,administration and participants in     
lending programs under subsections 7a71 
7j71 7l71 and 7m7 of section #g of the  
,small ,business ,act1 and under title  
,,iii1 title ,,iv1 and title ,v of the  
,small ,business ,investment ,act of    
#aieh1 to use electronic signatures and 
records1 as defined by section #ajf of  
the ,electronic ,signatures in ,global  
and ,national ,commerce ,act1 for such  
programs2 and  7#b7 accept electronic   
signatures and records1 as defined by   
section #ajf of the ,electronic         
,signatures in ,global and ,national    
,commerce ,act1 associated with the     
management and closing processes under  
section #g of the ,small ,business ,act 
and ,small ,business ,administration    
,standard ,operating ,procedure #ej #aj1
 ,standard ,operating ,procedure #ej    
#eg1 ,standard ,operating ,procedure #ej

 #ej1 and in ,standard ,operating       
,procedure #aj #jf 7as in effect on the 
date of enactment of this paragraph and 
any successor rule or successor         
,standard ,operating ,procedure74  4    
7b7 ,preservation of ,state ,law        
,nothing in this ,act may be construed  
to preempt applicable ,state law except 
as provided in the ,electronic          
,signatures in ,global and ,national    
,commerce ,act 7#ae ,u4,s4,c4 #gjja et  
seq47 with respect to such ,state law4  
7c7 ,effective date ,the amendments made
 in subsection 7a7 of this section shall
 take effect on the date that is #fj    
days after the date of enactment of this
 ,act4 ,to ensure timely implementation 
of the requirements of this section1 any
 rules made during the #fj-;day period  
to carry out this section are not       
subject to the requirements under       
subsection 7b7 or 7c7 of section #eec of
 title #e1 ,united ,states ,code4