,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #gahf  ,,in ,,the ,,house ,,of  
,,representatives  ,november #bh1       
#bjah,mr4 ,veasey 7for himself1 ,mr4    
,brown of ,maryland1 ,ms4 ,jackson ,lee1
 ,mr4 ,thompson of ,mississippi1 ,mr4   
,takano1 ,mr4 ,gonzalez of ,texas1 ,mr4 
,grijalva1 ,mr4 ,correa1 ,mr4 ,sires1   
,mrs4 ,napolitano1 ,ms4 ,clarke of ,new 
,york1 ,ms4 ,eddie ,bernice ,johnson of 
,texas1 ,mr4 ,raskin1 ,mr4 ,cohen1 ,ms4 
,norton1 and ,ms4 ,wilson of ,florida7  
introduced the following bill2 which was
 referred to the ,committee on ,small   
,business  ,a ,,bill  ,to amend the     
,small ,business ,act to modify the     
upfront guarantee fees for certain      
#g7;a7 loans1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,diverse ,small ,business       
,empowerment ,act4  #b4 ,modifications  
to upfront guarantee fees for certain   
#g7;a7 loans  7a7 ,guarantee fees for   
certain #g7;a7 loans ,section           
#g7;a77#ah7 of the ,small ,business ,act

 7#ae ,u4,s4,c4 #fcf7;a77#ah77 is       
amended--  7#a7 in subparagraph 7,a71 by
 striking ,with and inserting ,except as
 provided in subparagraph 7,c71 and     
with2  7#b7 in subparagraph 7,b71 by    
inserting or 7,c77ii7 after subparagraph
 7,a77i72 and  7#c7 by adding at the end
 the following new subparagraph3  7,c7  
,fees for certain small business        
concerns  7i7 ,guarantee fee waiver ,the
 ,administrator may not collect a       
guarantee fee described in subparagraph 
7,a7 in connection with a loan made in  
the amount of #abe1jjj or less under    
this subsection 7other than a loan that 
is repayable in #a year or less7 if such
 loan is made to a small business       
concern owned and controlled by         
veterans1 small business concern owned  
and controlled by socially and          
economically disadvantaged individuals1 
or small business concern owned and     
controlled by women4  7ii7 ,reduced fee 
,with respect to each loan guaranteed   
under this subsection 7other than a loan

 that is repayable in #a year or less7  
made to a small business concern owned  
and controlled by veterans1 small       
business concern owned and controlled by
 socially and economically disadvantaged
 individuals1 or small business concern 
owned and controlled by women1 the      
,administration shall collect a         
guarantee fee1 which shall be payable by
 the participating lender and may be    
charged to the borrower1 in an amount   
not to exceed #a percent of the deferred
 participation share of a total loan    
amount that is more than #abe1jjj1 but  
not more than #cej1jjj4  7iii7          
,definitions ,in this subparagraph3 7,i7
 ,small business concern owned and      
controlled by socially and economically 
disadvantaged individuals ,the term     
small business concern owned and        
controlled by socially and economically 
disadvantaged individuals has the       
meaning given in section                
#h7;d77#c77;,c74  7,,ii7 ,small business
 concern owned and controlled by        

veterans ,the term small business       
concern owned and controlled by veterans
 has the meaning given in section #c7q74
  7,,iii7 ,small business concern owned 
and controlled by women ,the term small 
business concern owned and controlled by
 women has the meaning given in section 
#c7n74  4  7b7 ,,sba ,express ,loan     
guarantee fee waiver ,section           
#g7;a77#ca7 of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fcf7;a77#ca77 is       
amended by adding at the end the        
following new subparagraph3  7,i7       
,guarantee fee waiver for certain small 
business concerns  7i7 ,guarantee fee   
waiver ,the ,administrator may not      
collect a guarantee fee described in    
paragraph 7#ah7 in connection with a    
loan made under this paragraph to a     
small business concern owned and        
controlled by socially and economically 
disadvantaged individuals or a small    
business concern owned and controlled by
 women on or after the date of the      
enactment of this subparagraph4  7ii7   

,exception ,if the ,president's budget  
for the upcoming fiscal year1 submitted 
to ,congress pursuant to section        
#aaje7;a7 of title #ca1 ,united ,states 
,code1 includes a cost for the program  
established under this subsection that  
is above zero1 the requirements of      
clause 7i7 shall not apply to loans made
 during such upcoming fiscal year4      
7iii7 ,definitions ,in this             
subparagraph3 7,i7 ,small business      
concern owned and controlled by socially
 and economically disadvantaged         
individuals ,the term small business    
concern owned and controlled by socially
 and economically disadvantaged         
individuals has the meaning given in    
section #h7;d77#c77;,c74  7,,ii7 ,small 
business concern owned and controlled by
 women ,the term small business concern 
owned and controlled by women has the   
meaning given in section #c7n74  4