,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #caia  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bc1 #bjae ,mr4
 ,chabot introduced the following bill2 
which was referred to the ,committee on 
,small ,business  ,a ,,bill  ,to amend  
the ,consolidated and ,further          
,continuing ,appropriations ,act1 #bjae 
with respect to funding available for   
fiscal year #bjae for certain general   
business loans authorized under the     
,small ,business ,act1 to amend the     
,small ,business ,act to modify loan    
limitations1 and for other purposes4    
#a4 ,amendments to funding available to 
the ,small ,business ,administration to 
make section #g7;a7 loans  7a7 ,section 
#g7;a7 loan funding levels ,the third   
proviso under the heading ,small        
,business ,administration--,business    
,loans ,program ,account in title ,v of 
division ,e of the ,consolidated and    
,further ,continuing ,appropriations    
,act1 #bjae 7,public ,law #aac-bce2 #abh
 ,stat4 #bcga7 is amended by striking   

#ah1gej1jjj1jjj and inserting           
#bc1ejj1jjj1jjj4  7b7 ,loan limitations 
,section #g7;a77#a7 of the ,small       
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#a77 is amended-- 7#a7 in      
subparagraph 7,a7--  7,a7 by striking   
,no financial assistance and inserting  
the following3  7i7 ,in general ,no     
financial assistance  2 and  7,b7 by    
adding at the end the following3  7ii7  
,liquidity ,on and after ,october #a1   
#bjae1 the ,administrator may not       
guarantee a loan under this subsection  
if the lender determines that the       
borrower is unable to obtain credit     
elsewhere solely because the liquidity  
of the lender depends upon the          
guaranteed portion of the loan being    
sold on the secondary market4  2 and    
7#b7 by adding at the end the following3
  7,c7 ,lending limits of lenders ,on   
and after ,october #a1 #bjae1 the       
,administrator may not guarantee a loan 
under this subsection if the sole       
purpose for requesting the guarantee is 

to allow the lender to exceed the legal 
lending limit of the lender4  4  7c7    
,reporting  7#a7 ,definitions ,in this  
subsection-- 7,a7 the term              
,administrator means the ,administrator 
of the ,small ,business ,administration2
  7,b7 the term business loan means a   
loan made or guaranteed under section   
#g7;a7 of the ,small ,business ,act 7#ae
 ,u4,s4,c4 #fcf7;a772  7,c7 the term    
cancellation means that the             
,administrator approves a proposed      
business loan1 but the prospective      
borrower determines not to take the     
business loan2 and  7,d7 the term net   
dollar amount of business loans means   
the difference between the total dollar 
amount of business loans and the total  
dollar amount of cancellations4  7#b7   
,requirement ,during the #c-year period 
beginning on the date of enactment of   
this ,act1 the ,administrator shall     
submit to ,committee on ,small ,business
 and ,entrepreneurship and the          
,committee on ,appropriations of the    

,senate and the ,committee on ,small    
,business and the ,committee on         
,appropriations of the ,house of        
,representatives a quarterly report     
regarding the loan programs carried out 
under section #g7;a7 of the ,small      
,business ,act 7#ae ,u4,s4,c4 #fcf7;a771
 which shall include--  7,a7 for the    
fiscal year during which the report is  
submitted and the #c fiscal years before
 such fiscal year--  7i7 the weekly     
total dollar amount of business loans2  
7ii7 the weekly total dollar amount of  
cancellations2 and  7iii7 the weekly net
 dollar amount of business loans-- 7,i7 
for all business loans2 and  7,,ii7 for 
each category of loan amount described  
in clause 7i71 7ii71 or 7iii7 of section
 #g7;a77#ah7 of the ,small ,business    
,act 7#ae ,u4,s4,c4 #fcf7;a77#ah772     
7,b7 for the fiscal year during which   
the report is submitted-- 7i7 the amount
 of remaining authority for business    
loans1 in dollar amount and as a        
percentage2 and  7ii7 estimates of the  

date on which the net dollar amount of  
business loans will reach the maximum   
for such business loans based on daily  
net lending volume and extrapolations   
based on year-to-date net lending       
volume1 quarterly net lending volume1   
and quarterly growth trends2  7,c7 the  
number of early defaults 7as determined 
by the ,administrator7 during the       
quarter covered by the report2  7,d7 the
 total amount paid by borrowers in early
 default during the quarter covered by  
the report1 as of the time of purchase  
of the guarantee2  7,e7 the number of   
borrowers in early default that are     
franchisees2  7,f7 the total amount of  
guarantees purchased by the             
,administrator during the quarter       
covered by the report2 and  7,g7 a      
description of the actions the          
,administrator is taking to combat early
 defaults administratively and any      
legislative action the ,administrator   
recommends to address early defaults4