,9 ! ,s5ate ( ! ,unit$ ,/ates1  ,july   
#bc1 #bjae4  ,am5dm5t3  ,t ! bill f !   
,h\se ( ,repres5tatives 7,h4,r4 #bdii7  
entitl$ ,an ,act to am5d ! ,small       
,bus9ess ,act to increase access to     
capital = vet]an entrepr5eurs1 to help  
create jobs1 & = o!r purposes41 d pass )
 ! foll[+ ,at ! end1 add ! foll[+3 #d4  
,bus9ess loans program  7a7 ,section    
#g7;a7 fund+ levels ,! ?ird proviso "u !
 head+ bus9ess loans program acc\nt "u !
 head+ ,small ,bus9ess ,adm9i/ration "u 
title ,v ( division ,e ( ! ,consolidat$ 
& ,fur!r ,cont9u+ ,appropriations ,act1 
#bjae 7,public ,law #aac-bce2 #abh ,/at4
 #bcga7 is am5d$ by /rik+               
#ah1gej1jjj1jjj & ins]t+                
#bc1ejj1jjj1jjj4  7b7 ,loan limitations 
,section #g7;a77#a7 ( ! ,small ,bus9ess 
,act 7#ae ,u4,s4,c4 #fcf7;a77#a77 is    
am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7  
by /rik+ ,no f9ancial assi/ance & ins]t+
 ! foll[+3  7i7 ,9 g5]al ,no f9ancial   
assi/ance  2 &  7,b7 by add+ at ! end ! 
foll[+3  7ii7 ,liquidity ,on & aft]     

,octob] #a1 #bjae1 ! ,adm9i/rator may n 
gu>antee a loan "u ?is subsection if !  
l5d] det]m9es t ! borr[] is unable to   
obta9 cr$it else:]e solely because !    
liquidity ( ! l5d] dep5ds ^u ! gu>ante$ 
portion ( ! loan be+ sold on ! second>y 
m>ket4  2 &  7#b7 by add+ at ! end !    
foll[+3  7,c7 ,l5d+ limits ( l5d]s ,on &
 aft] ,octob] #a1 #bjae1 ! ,adm9i/rator 
may n gu>antee a loan "u ?is subsection 
if ! sole purpose = reque/+ ! gu>antee  
is to all[ ! l5d] to exce$ ! legal l5d+ 
limit ( ! l5d]4  4  7c7 ,report+  7#a7  
,def9itions ,9 ?is subsection-- 7,a7 !  
t]m ,adm9i/rator means ! ,adm9i/rator ( 
! ,small ,bus9ess ,adm9i/ration2  7,b7 !
 t]m bus9ess loan means a loan made or  
gu>ante$ "u section #g7;a7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a772 
7,c7 ! t]m cancellation means t !       
,adm9i/rator approves a propos$ bus9ess 
loan1 b ! prospective borr[] det]m9es n 
to take ! bus9ess loan2 &  7,d7 ! t]m   
net doll> am\nt ( bus9ess loans means ! 
diff]5ce betwe5 ! total doll> am\nt (   

bus9ess loans & ! total doll> am\nt (   
cancellations4  7#b7 ,requirem5t ,dur+ !
 #c-ye> p]iod beg9n+ on ! date (        
enactm5t ( ?is ,act1 ! ,adm9i/rator %all
 submit to ,committee on ,small ,bus9ess
 & ,entrepr5eur%ip & ! ,committee on    
,appropriations ( ! ,s5ate & !          
,committee on ,small ,bus9ess & !       
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives a qu>t]ly report      
reg>d+ ! loan programs c>ri$ out "u     
section #g7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7;a771 :i* %all      
include-- 7,a7 = ! fiscal ye> dur+ :i* !
 report is submitt$ & ! #c fiscal ye>s  
be=e su* fiscal ye>-- 7i7 ! weekly total
 doll> am\nt ( bus9ess loans2  7ii7 !   
weekly total doll> am\nt (              
cancellations2  7iii7 ! weekly net doll>
 am\nt ( bus9ess loans-- 7,i7 = all     
bus9ess loans2 &  7,,ii7 = ea* category 
( loan am\nt describ$ 9 clause 7i71     
7ii71 or 7iii7 ( section #g7;a77#ah7 ( !
 ,small ,bus9ess ,act 7#ae ,u4,s4,c4    
#fcf7;a77#ah772  7,b7 = ! fiscal ye>    

dur+ :i* ! report is submitt$-- 7i7 !   
am\nt ( rema9+ au?ority = bus9ess loans1
 9 doll> am\nt & z a p]c5tage2 &  7ii7  
e/imates ( ! date on :i* ! net doll>    
am\nt ( bus9ess loans w rea* ! maximum =
 su* bus9ess loans bas$ on daily net    
l5d+ volume & extrapolations bas$ on ye>
 to date net l5d+ volume1 qu>t]ly net   
l5d+ volume1 & qu>t]ly gr[? tr5ds2  7,c7
 ! numb] ( e>ly defaults 7z det]m9$ by !
 ,adm9i/rator7 dur+ ! qu>t] cov]$ by !  
report2  7,d7 ! total am\nt paid by     
borr[]s 9 e>ly default dur+ ! qu>t]     
cov]$ by ! report1 z ( ! "t ( pur*ase ( 
! gu>antee2  7,e7 ! numb] ( borr[]s 9   
e>ly default t are fran*isees2  7,f7 !  
total am\nt ( gu>antees pur*as$ by !    
,adm9i/rator dur+ ! qu>t] cov]$ by !    
report2 &  7,g7 a description ( !       
actions ! ,adm9i/rator is tak+ to combat
 e>ly defaults adm9i/ratively & any     
legislative action ! ,adm9i/rator       
recomm5ds to address e>ly defaults4     
,secret>y