,9 ! ,s5ate ( ! ,unit$ ,/ates1 ,octob] #ba1 #bjae4 ,am5dm5ts3 ,t ! bill f ! ,h\se ( ,repres5tatives 7,h4,r4 #bjh7 entitl$ ,an ,act to improve ! disa/] assi/ance programs ( ! ,small ,bus9ess ,adm9i/ration41 d pass ) ! foll[+ 7#a7 ,on page #b1 /rike l9es #a ?r\gh #e & ins]t ! foll[+3 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,recov]y ,improvem5ts = ,small ,entities ,aft] ,disa/] ,act ( #bjae or ! ,,rise ,aft] ,disa/] ,act ( #bjae4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,,division ,a--,,sup]/orm ,,s&y ,,relief ,,& ,,disa/] ,,loan ,,program ,i,m,p,r,o,v,e,m,e,n,t,s,sec4 #ajja4 ,%ort title4,sec4 #ajjb4 ,f9d+s4,,title ,i--,disa/] assi/ance improvem5ts#aaja4 ,revis$ disa/] deadl9e4#aajb4 ,use ( physical damage disa/] loans to con/ruct safe rooms4#aajc4 ,r$uc+ delays on clos+ & disbursem5t ( loans4#aajd4 ,safegu>d+ taxpay] int]e/s & increas+ transp>5cy 9 loan approvals4#aaje4 ,disa/] plan improvem5ts4,,division ,b--,,recov]y ,,improvem5ts ,,= ,,small ,e,n,t,i,t,i,e,s,sec4 #bjja4 ,%ort title4,,title ,i--,improvem5ts ( disa/] response & loans,sec4 #baja4 ,additional aw>ds to small bus9ess developm5t c5t]s1 wom5's bus9ess c5t]s1 & ,,score = disa/] recov]y4,sec4 #bajb4 ,collat]al requirem5ts = disa/] loans4,sec4 #bajc4 ,assi/ance to out-(-,/ate bus9ess conc]ns to aid 9 disa/] recov]y4,sec4 #bajd4 ,,fa/ program4,sec4 #baje4 ,use ( ,f$]al surplus prop]ty 9 disa/] areas4,sec4 #bajf4 ,recov]y opportunity loans4,sec4 #bajg4 ,contractor malfeasance4,sec4 #bajh4 ,local contract+ pref]5ces & inc5tives4,sec4 #baji4 ,cl>ification ( collat]al requirem5ts4,,title ,,ii--,disa/] plann+ & mitigation,sec4 #bbja4 ,bus9ess recov]y c5t]s4,,title ,,iii--,o!r provisions,sec4 #bcja4 ,increas$ ov]sight ( economic injury disa/] loans4,sec4 #bcjb4 ,,gao report on pap]work r$uction4,sec4 #bcjc4 ,report on web portal = disa/] loan applicants4 ,a ,sup]/orm ,s&y ,relief & ,disa/] ,loan ,program ,improvem5ts #ajja4 ,%ort title ,?is division may be cit$ z ! ,sup]/orm ,s&y ,relief & ,disa/] ,loan ,program ,improvem5t ,act ( #bjae4 #ajjb4 ,f9d+s 7#b7 ,on page #c1 /rike l9e #e & ins]t ! foll[+3 ,i ,disa/] assi/ance improvem5ts #aaja4 ,revis$ disa/] deadl9e 7#c7 ,on page #c1 l9e #ad1 ins]t nonpr(it entity1 aft] home[n]14 7#d7 ,on page #d1 l9e #i1 /rike ! quotation m>ks & ! second p]iod & ins]t ! foll[+3 7,c7 ,inspector ,g5]al review ,n lat] ?an #f mon?s aft] ! date on :i* ! ,adm9i/rator beg9s c>ry+ out ?is au?ority1 ! ,inspector ,g5]al ( ! ,adm9i/ration %all initiate a review ( ! controls = ensur+ applicant eligibility = loans made "u ?is p>agraph4 4 7#e7 ,on page #d1 l9e #aj1 /rike ,sec4 #d4 & ins]t ,sec4 #aajb44 7#f7 ,on page #d1 l9e #bd1 ins]t 1 if su* safe room or simil> /orm %elt] is con/ruct$ 9 accordance ) applicable /&>ds issu$ by ! ,f$]al ,em]g5cy ,managem5t ,ag5cy aft] disa/]s4 7#g7 ,on page #e1 /rike l9es #a ?r\gh #ba & ins]t ! foll[+3 #aajc4 ,r$uc+ delays on clos+ & disbursem5t ( loans ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#i7 ! foll[+3 7#h7 ,on page #e1 l9e #bb1 /rike 7#aa7 & ins]t 7#aj74 7#i7 ,on page #f1 /rike l9es #e ?r\gh #h & ins]t ! foll[+3 #aajd4 ,safegu>d+ taxpay] int]e/s & increas+ transp>5cy 9 loan approvals ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#aj71 z add$ by section #aajc ( ?is ,act1 ! foll[+3 7#aj7 ,on page #f1 l9e #i1 /rike 7#ab7 & ins]t 7#aa74 7#aa7 ,beg9n+ on page #f1 /rike l9e #ad & all t foll[s ?r\gh page #g1 l9e #bj1 & ins]t ! foll[+3 #aaje4 ,disa/] plan improvem5ts 7#ab7 ,beg9n+ on page #h1 /rike l9e #f & all t foll[s ?r\gh page #i1 l9e #f1 & ins]t ! foll[+3 ,b ,recov]y improvem5ts = small entities #bjja4 ,%ort title ,?is division may be cit$ z ! ,recov]y ,improvem5ts = ,small ,entities ,aft] ,disa/] ,act ( #bjae or ! ,,rise ,aft] ,disa/] ,act ( #bjae4 ,i ,improvem5ts ( disa/] response & loans #baja4 ,additional aw>ds to small bus9ess developm5t c5t]s1 wom5's bus9ess c5t]s1 & ,,score = disa/] recov]y ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#aa71 z add$ by section #aajd ( ?is ,act1 ! foll[+3 7#ab7 ,additional aw>ds to small bus9ess developm5t c5t]s1 wom5's bus9ess c5t]s1 & ,,score = disa/] recov]y 7,a7 ,9 g5]al ,! ,adm9i/ration may provide f9ancial assi/ance to a small bus9ess developm5t c5t]1 a wom5's bus9ess c5t] describ$ 9 section #bi1 ! ,s]vice ,corps ( ,retir$ ,executives1 or any propos$ consortium ( su* individuals or entities to spur disa/] recov]y & gr[? ( small bus9ess conc]ns locat$ 9 an area = :i* ! ,presid5t has decl>$ a major disa/]4 7,b7 ,=m ( f9ancial assi/ance ,f9ancial assi/ance provid$ "u ?is p>agraph %all be 9 ! =m ( a grant1 contract1 or coop]ative agreem5t4 7,c7 ,no mat*+ funds requir$ ,mat*+ funds %all n be requir$ = any grant1 contract1 or coop]ative agreem5t "u ?is p>agraph4 7,d7 ,requirem5ts ,a recipi5t ( f9ancial assi/ance "u ?is p>agraph %all provide c\nsel+1 tra9+1 & o!r relat$ s]vices1 su* z promot+ long-t]m resili5cy1 to small bus9ess conc]ns & entrepr5eurs impact$ by a major disa/]4 7,e7 ,p]=mance 7i7 ,9 g5]al ,! ,adm9i/rator1 9 coop]ation ) ! recipi5ts ( f9ancial assi/ance "u ?is p>agraph1 %all e/abli% metrics & goals = p]=mance ( grants1 contracts1 & coop]ative agreem5ts "u ?is p>agraph1 :i* %all include recov]y ( sales1 recov]y ( employm5t1 ree/abli%m5t ( bus9ess premises1 & e/abli%m5t ( new small bus9ess conc]ns4 7ii7 ,use ( e/imates ,! ,adm9i/rator %all base ! goals & metrics = p]=mance e/abli%$ "u clause 7i71 9 "p1 on ! e/imates ( disa/] impact prep>$ by ! ,(fice ( ,disa/] ,assi/ance = purposes ( e/imat+ loan-mak+ requirem5ts4 7,f7 ,t]m 7i7 ,9 g5]al ,! t]m ( any grant1 contract1 or coop]ative agreem5t "u ?is p>agraph %all be = n m ?an #b ye>s4 7ii7 ,ext5sion ,! ,adm9i/rator may make #a ext5sion ( a grant1 contract1 or coop]ative agreem5t "u ?is p>agraph = a p]iod ( n m ?an #a ye>1 ^u a %[+ ( good cause & ne$ = ! ext5sion4 7,g7 ,exemption f o!r program requirem5ts ,f9ancial assi/ance provid$ "u ?is p>agraph is 9 addition to1 & :olly sep>ate f1 any o!r =m ( assi/ance provid$ by ! ,adm9i/rator "u ?is ,act4 7,h7 ,competitive basis ,! ,adm9i/ration %all aw>d f9ancial assi/ance "u ?is p>agraph on a competitive basis4 4 #bajb4 ,collat]al requirem5ts = disa/] loans 7a7 ,9 g5]al ,section #g7;d77#f7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;d77#f77 is am5d$ 9 ! ?ird proviso-- 7#a7 by /rik+ #ad1jjj & ins]t+ #be1jjj2 & 7#b7 by /rik+ major disa/] & ins]t+ disa/]4 7b7 ,sunset ,effective on ! date t is #c ye>s aft] ! date ( enactm5t ( ?is ,act1 section #g7;d77#f7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;d77#f77 is am5d$ 9 ! ?ird proviso-- 7#a7 by /rik+ #be1jjj & ins]t+ #ad1jjj2 & 7#b7 by ins]t+ major be=e disa/]4 7c7 ,report ,n lat] ?an #ahj days be=e ! date on :i* ! am5dm5ts made by subsection 7b7 are to take effect1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %all submit to ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report on ! effects ( ! am5dm5ts made by subsection 7a71 :i* %all include-- 7#a7 an assessm5t ( ! impact & b5efits result+ f ! am5dm5ts2 & 7#b7 a recomm5dation z to :e!r ! am5dm5ts %\ld be made p]man5t4 #bajc4 ,assi/ance to out-(-,/ate bus9ess conc]ns to aid 9 disa/] recov]y 7a7 ,9 g5]al ,section #ba7;b77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdh7;b77#c77 is am5d$-- 7#a7 by /rik+ 7#c7 ,at ! discretion & ins]t+ ! foll[+3 7#c7 ,assi/ance to out-(-/ate small bus9ess conc]ns 7,a7 ,9 g5]al ,at ! discretion 2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,disa/] recov]y assi/ance 7i7 ,9 g5]al ,at ! discretion ( ! ,adm9i/rator1 ! ,adm9i/rator may au?orize a small bus9ess developm5t c5t] to provide advice1 in=mation1 & assi/ance1 z describ$ 9 subsection 7c71 to a small bus9ess conc]n locat$ outside ( ! ,/ate1 )\t reg>d to geographic proximity to ! small bus9ess developm5t c5t]1 if ! small bus9ess conc]n is locat$ 9 an area = :i* ! ,presid5t has decl>$ a major disa/]4 7ii7 ,t]m 7,i7 ,9 g5]al ,a small bus9ess developm5t c5t] may provide advice1 in=mation1 & assi/ance to a small bus9ess conc]n "u clause 7i7 = a p]iod ( n m ?an #b ye>s aft] ! date on :i* ! ,presid5t decl>$ a major disa/] = ! area 9 :i* ! small bus9ess conc]n is locat$4 7,,ii7 ,ext5sion ,! ,adm9i/rator may1 at ! discretion ( ! ,adm9i/rator1 ext5d ! p]iod describ$ 9 subclause 7,i74 7iii7 ,cont9uity ( s]vices ,a small bus9ess developm5t c5t] t provides c\nselors to an area describ$ 9 clause 7i7 %all1 to ! maximum ext5t practicable1 ensure cont9uity ( s]vices 9 any ,/ate 9 :i* ! small bus9ess developm5t c5t] o!rwise provides s]vices4 7iv7 ,access to disa/] recov]y facilities ,= purposes ( ?is subp>agraph1 ! ,adm9i/rator %all1 to ! maximum ext5t practicable1 p]mit ! p]sonnel ( a small bus9ess developm5t c5t] to use any site or facility designat$ by ! ,adm9i/rator = use to provide disa/] recov]y assi/ance4 4 7b7 ,s5se ( ,congress ,x is ! s5se ( ,congress t1 subject to ! availability ( funds1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration %\ld1 to ! ext5t practicable1 ensure t a small bus9ess developm5t c5t] is appropriately reimburs$ = any legitimate exp5ses incurr$ 9 c>ry+ out activities "u section #ba7;b77#c77;,b7 ( ! ,small ,bus9ess ,act1 z add$ by subsection 7a74 #bajd4 ,,fa/ program 7a7 ,def9itions ,section #cd7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;d7a77 is am5d$-- 7#a7 by r$esignat+ p>agraphs 7#c7 ?r\gh 7#i7 z p>agraphs 7#d7 ?r\gh 7#aj71 respectively2 & 7#b7 by ins]t+ aft] p>agraph 7#b7 ! foll[+3 7#c7 ,cata/rophic incid5t ,! t]m cata/rophic incid5t means a major disa/] t is comp>able to ! description ( a cata/rophic incid5t 9 ! ,national ,response ,plan ( ! ,adm9i/ration1 or any successor !reto4 4 7b7 ,priority ,section #cd7;c77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;d7c77#b77 is am5d$-- 7#a7 9 subp>agraph 7,a71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,b77vi77,,iii71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7#c7 by add+ at ! end ! foll[+3 7,c7 %all give special consid]ation to an applicant t is locat$ 9 an area affect$ by a cata/rophic incid5t4 4 7c7 ,additional assi/ance ,section #cd7;c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;d7c77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,additional assi/ance = cata/rophic incid5ts ,^u application by an applicant t receives an aw>d or has 9 effect a coop]ative agreem5t "u ?is section & t is locat$ 9 an area affect$ by a cata/rophic incid5t1 ! ,adm9i/rator may-- 7,a7 provide additional assi/ance to ! applicant2 & 7,b7 waive ! mat*+ requirem5ts "u subsection 7e77#b74 4 #baje4 ,use ( ,f$]al surplus prop]ty 9 disa/] areas ,section #g7;j77#ac77;,f7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;j77#ac77;,f77 is am5d$-- 7#a7 by ins]t+ 7i7 aft] 7,f72 & 7#b7 by add+ at ! end ! foll[+3 7ii7 7,i7 ,9 ?is clause-- 7aa7 ! t]m cov]$ p]iod means ! #b-ye> p]iod beg9n+ on ! date on :i* ! ,presid5t decl>$ ! applicable major disa/]2 & 7bb7 ! t]m disa/] area means ! area = :i* ! ,presid5t has decl>$ a major disa/]1 dur+ ! cov]$ p]iod4 7,,ii7 ,! ,adm9i/rator may transf] te*nology or surplus prop]ty "u clause 7i7 on a priority basis to a small bus9ess conc]n locat$ 9 a disa/] area if-- 7aa7 ! small bus9ess conc]n meets ! requirem5ts = su* a transf]1 )\t reg>d to :e!r ! small bus9ess conc]n is a ,program ,p>ticipant2 & 7bb7 = a small bus9ess conc]n t is a ,program ,p>ticipant1 on & aft] ! date on :i* ! ,presid5t decl>$ ! applicable major disa/]1 ! small bus9ess conc]n has n receiv$ prop]ty "u ?is subp>agraph on ! basis ( ! /atus ( ! small bus9ess conc]n z a ,program ,p>ticipant4 7,,iii7 ,= any transf] ( prop]ty "u ?is clause to a small bus9ess conc]n1 ! t]ms & conditions %all be ! same z a transf] to a ,program ,p>ticipant1 except t ! small bus9ess conc]n %all agree n to sell or transf] ! prop]ty to any p>ty o!r ?an ! ,f$]al ,gov]nm5t dur+ ! cov]$ p]iod4 7,,iv7 ,a small bus9ess conc]n t receives a transf] ( prop]ty "u ?is clause may n receive a transf] ( prop]ty "u clause 7i7 dur+ ! cov]$ p]iod4 7,v7 ,if a small bus9ess conc]n sells or transf]s prop]ty 9 violation ( ! agreem5t describ$ 9 subclause 7,,iii71 ! ,adm9i/rator may initiate proce$+s to prohibit ! small bus9ess conc]n f receiv+ a transf] ( prop]ty "u ?is clause or clause 7i71 9 addition to any o!r rem$y available to ! ,adm9i/rator4 4 #bajf4 ,recov]y opportunity loans ,section #g7;a77#ca7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca77 is am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7 by r$esignat+ clauses 7i71 7ii71 & 7iii7 z clauses 7ii71 7iii71 & 7iv71 respectively2 & 7,b7 by ins]t+ be=e clause 7ii71 z s r$esignat$1 ! foll[+3 7i7 ,! t]m disa/] area means ! area = :i* ! ,presid5t has decl>$ a major disa/]1 dur+ ! #e-ye> p]iod beg9n+ on ! date ( ! decl>ation4 2 & 7#b7 by add+ at ! end ! foll[+3 7,h7 ,recov]y opportunity loans 7i7 ,9 g5]al ,! ,adm9i/rator may gu>antee an express loan to a small bus9ess conc]n locat$ 9 a disa/] area 9 accordance ) ?is subp>agraph4 7ii7 ,maximums ,= a loan gu>ante$ "u clause 7i7-- 7,i7 ! maximum loan am\nt is #aej1jjj2 & 7,,ii7 ! gu>antee rate %all be n m ?an #he p]c5t4 7iii7 ,ov]all cap ,a loan gu>ante$ "u clause 7i7 %all n be c\nt$ 9 det]m9+ ! am\nt ( loans made to a borr[] = purposes ( subp>agraph 7,d74 7iv7 ,op]ations ,a small bus9ess conc]n receiv+ a loan gu>ante$ "u clause 7i7 %all c]tify t ! small bus9ess conc]n 0 9 op]ation on ! date on :i* ! applicable major disa/] occurr$ z a condition ( receiv+ ! loan4 7v7 ,repaym5t ability ,a loan gu>ante$ "u clause 7i7 may only be made to a small bus9ess conc]n t demon/rates1 to ! satisfaction ( ! ,adm9i/rator1 suffici5t capacity to repay ! loan4 7vi7 ,tim+ ( paym5t ( gu>antees 7,i7 ,9 g5]al ,n lat] ?an #ij days aft] ! date on :i* a reque/ = pur*ase is fil$ ) ! ,adm9i/rator1 ! ,adm9i/rator %all det]m9e :e!r to pay ! gu>ante$ portion ( ! loan4 7,,ii7 ,recapture ,not)/&+ any o!r provision ( law1 unless !re is a subsequ5t f9d+ ( fraud by a c\rt ( compet5t jurisdiction relat+ to a loan gu>ante$ "u clause 7i71 on & aft] ! date t is #f mon?s aft] ! date on :i* ! ,adm9i/rator det]m9es to pay ! gu>ante$ portion ( ! loan1 ! ,adm9i/rator may n attempt to recapture ! paid gu>antee4 7vii7 ,fees 7,i7 ,9 g5]al ,unless ! ,adm9i/rator has waiv$ ! gu>antee fee t w\ld o!rwise be collect$ by ! ,adm9i/rator "u p>agraph 7#ah7 = a loan gu>ante$ "u clause 7i71 & except z provid$ 9 subclause 7,,ii71 ! gu>antee fee = ! loan %all be equal to ! gu>antee fee t ! ,adm9i/rator w\ld collect if ! gu>antee rate = ! loan 0 #ej p]c5t4 7,,ii7 ,exception ,subclause 7,i7 %all n apply if ! co/ ( c>ry+ out ! program "u ?is subsection 9 a fiscal ye> is m ?an z]o & su* co/ is directly attributable to ! co/ ( gu>antee+ loans "u clause 7i74 7viii7 ,rules ,n lat] ?an #bgj days aft] ! date ( enactm5t ( ?is subp>agraph1 ! ,adm9i/rator %all promulgate rules to c>ry out ?is subp>agraph4 4 #bajg4 ,contractor malfeasance ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#ab71 z add$ by section #baja ( ?is ,act1 ! foll[+3 7#ac7 ,supplem5tal assi/ance = contractor malfeasance 7,a7 ,9 g5]al ,if a contractor or o!r p]son engages 9 malfeasance 9 connection ) repairs to1 rehabilitation (1 or replacem5t ( real or p]sonal prop]ty relat+ to :i* a loan 0 made "u ?is subsection & ! malfeasance results 9 sub/antial economic damage to ! recipi5t ( ! loan or sub/antial risks to heal? or safety1 ^u receiv+ docum5tation ( ! sub/antial economic damage or ! sub/antial risk to heal? & safety f an indep5d5t loss v]ifi]1 & subject to subp>agraph 7,b71 ! ,adm9i/rator may increase ! am\nt ( ! loan "u ?is subsection1 z necess>y = ! co/ ( repairs1 rehabilitation1 or replacem5t ne$$ to address ! cause ( ! economic damage or heal? or safety risk4 7,b7 ,requirem5ts ,! ,adm9i/rator may only increase ! am\nt ( a loan "u subp>agraph 7,a7 ^u receiv+ an appropriate c]tification f ! borr[] & p]son p]=m+ ! mitigation atte/+ to ! reasonabl5ess ( ! mitigation co/s & an assignm5t ( any proce$s receiv$ f ! p]son engag+ 9 ! malfeasance4 ,! assignm5t ( proce$s recov]$ f ! p]son engag+ 9 ! malfeasance %all be equal to ! am\nt ( ! loan "u ?is section4 ,any mitigation activities %all be subject to audit & indep5d5t v]ification ( complet5ess & co/ reasonabl5ess4 4 #bajh4 ,local contract+ pref]5ces & inc5tives ,section #ae ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fdd7 is am5d$ by ins]t+ aft] subsection 7e7 ! foll[+3 7f7 ,contract+ pref]5ce = small bus9ess conc]ns 9 a major disa/] area 7#a7 ,def9ition ,9 ?is subsection1 ! t]m disa/] area means ! area = :i* ! ,presid5t has decl>$ a major disa/]1 dur+ ! p]iod ( ! decl>ation4 7#b7 ,contract+ pref]5ce ,an ag5cy %all provide a contract+ pref]5ce = a small bus9ess conc]n locat$ 9 a disa/] area if ! small bus9ess conc]n w p]=m ! "w requir$ "u ! contract 9 ! disa/] area4 7#c7 ,cr$it = meet+ contract+ goals ,if an ag5cy aw>ds a contract to a small bus9ess conc]n "u ! circum/ances describ$ 9 p>agraph 7#b71 ! value ( ! contract %all be d\bl$ = purposes ( det]m9+ compliance ) ! goals = procurem5t contracts "u subsection 7g77#a77;,a74 4 #baji4 ,cl>ification ( collat]al requirem5ts ,section #g7;d77#f7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;d77#f77 is am5d$ by ins]t+ aft] :i* are made "u p>agraph 7#a7 ( subsection 7b7 ! foll[+3 3 ,provid$ fur!r1 ,t ! ,adm9i/rator1 9 obta9+ ! be/ available collat]al = a loan ( n m ?an #bjj1jjj "u p>agraph 7#a7 or 7#b7 ( subsection 7b7 relat+ to damage to or de/ruction ( ! prop]ty (1 or economic injury to1 a small bus9ess conc]n1 %all n require ! own] ( ! small bus9ess conc]n to use ! prim>y resid5ce ( ! own] z collat]al if ! ,adm9i/rator det]m9es t ! own] has o!r assets ( equal quality & ) a value equal to or great] ?an ! am\nt ( ! loan t c\ld be us$ z collat]al = ! loan3 ,provid$ fur!r1 ,t no?+ 9 ! prec$+ proviso may be con/ru$ to r$uce ! am\nt ( collat]al requir$ by ! ,adm9i/rator 9 connection ) a loan describ$ 9 ! prec$+ proviso or to modify ! /&>ds us$ to evaluate ! quality 7r ?an ! type7 ( su* collat]al4 ,,ii ,disa/] plann+ & mitigation #bbja4 ,bus9ess recov]y c5t]s ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#ac71 z add$ by section #bajh ( ?is ,act1 ! foll[+3 7#ad7 ,bus9ess recov]y c5t]s 7,a7 ,9 g5]al ,! ,adm9i/rator1 act+ ?r\gh ! di/rict (fices ( ! ,adm9i/ration1 %all id5tify locations t may be us$ z recov]y c5t]s by ! ,adm9i/ration 9 ! ev5t ( a disa/] decl>$ "u ?is subsection or a major disa/]4 7,b7 ,requirem5ts = id5tification ,ea* di/rict (fice ( ! ,adm9i/ration %all-- 7i7 id5tify a location describ$ 9 subp>agraph 7,a7 9 ea* c\nty1 p>i%1 or simil> unit ( g5]al local gov]nm5t 9 ! area s]v$ by ! di/rict (fice2 & 7ii7 ensure t ! locations id5tifi$ "u subp>agraph 7,a7 may be us$ z a recov]y c5t] )\t co/ to ! ,gov]nm5t1 to ! ext5t practicable4 4 ,,iii ,o!r provisions #bcja4 ,increas$ ov]sight ( economic injury disa/] loans 7a7 ,9 g5]al ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ be=e ! undesignat$ matt] foll[+ p>agraph 7#ad71 z add$ by section #bbja ( ?is ,act1 ! foll[+3 7#ae7 ,increas$ ov]sight ( economic injury disa/] loans ,! ,adm9i/rator %all increase ov]sight ( entities receiv+ loans "u p>agraph 7#b71 & may consid]-- 7,a7 s*$ul$ site visits to ensure borr[] eligibility & compliance ) requirem5ts e/abli%$ by ! ,adm9i/rator2 & 7,b7 reviews ( ! use ( ! loan proce$s by an entity describ$ 9 p>agraph 7#b7 to ensure compliance ) requirem5ts e/abli%$ by ! ,adm9i/rator4 4 7b7 ,s5se ( ,congress relat+ ,to us+ exi/+ funds ,x is ! s5se ( ,congress t no additional ,f$]al funds %\ld be made available to c>ry out ! am5dm5ts made by ?is section4 #bcjb4 ,,gao report on pap]work r$uction ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report evaluat+ /eps t ! ,small ,bus9ess ,adm9i/ration has tak51 ) respect to ! application = disa/] assi/ance "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b771 to comply ) sub*apt] ,i ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code 7commonly kn[n z ! ,pap]work ,r$uction ,act7 & relat$ guidance4 #bcjc4 ,report on web portal = disa/] loan applicants ,section #ch ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #feg;j7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,report on web portal = disa/] loan application /atus 7#a7 ,9 g5]al ,n lat] ?an #ij days aft] ! date ( enactm5t ( ?is subsection1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives a report relat+ to ! creation ( a web portal to ! track ! /atus ( applications = disa/] assi/ance "u section #g7;b74 7#b7 ,cont5ts ,! report "u p>agraph 7#a7 %all include-- 7,a7 in=mation on ! progress ( ! ,adm9i/ration 9 implem5t+ ! in=mation sy/em "u subsection 7a72 7,b7 recomm5dations f ! ,adm9i/ration relat+ to ! creation ( a web portal = applicants to *eck ! /atus ( an application = disa/] assi/ance "u section #g7;b71 includ+ a review ( be/ practices & web portal models f ! private sector2 7,c7 in=mation on any relat$ co/s or /aff+ ne$$ to implem5t su* a web portal2 7,d7 in=mation on :e!r su* a web portal c ma9ta9 high /&>ds = data privacy & data security2 7,e7 in=mation on :e!r su* a web portal w m9imize r$undancy among ,adm9i/ration disa/] programs1 improve managem5t ( ! numb] ( inquiries made by disa/] applicants to employees locat$ 9 ! area affect$ by ! disa/] & to call c5t]s1 & r$uce pap]work burd5s on disa/] victims2 & 7,f7 su* additional in=mation z is det]m9$ necess>y by ! ,adm9i/rator4 4 ,secret>y