,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fbfh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #ab1 #bjbj,ms4   
,velzquez introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,small       
,bus9ess  ,a ,,bill  ,to e/abli% a      
bus9ess /abilization direct loan program
 & ! au?ority to e/abli% a second>y     
m>ket gu>antee 9 ! ,small ,bus9ess      
,adm9i/ration1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,,sba ,bus9ess ,/abilization ,direct    
,loan ,program ,act ( #bjbj4  #b4       
,bus9ess /abilization direct loan       
program  7a7 ,9 g5]al ,! ,adm9i/rator ( 
! ,small ,bus9ess ,adm9i/ration %all    
c>ry out a program to make loans        
directly to eligible borr[]s4  7b7      
,eligible borr[] def9$ ,9 ?is section1 !
 t]m eligible borr[] means a p]son :o-- 
7#a7 is a small bus9ess conc]n z def9$  
"u section #c ( ! ,small ,bus9ess ,act  
7#ae ,u4,s4,c4 #fcb72 &  7#b7 is locat$ 
9 a ,/ate or t]ritory ( ! ,unit$ ,/ates 
) a confirm$ or presum$ positive case ( 

,,covid-#ai4  7c7 ,use ( funds ,9       
addition to ! use ( proce$s curr5tly    
p]mitt$ "u section #g7;a7 ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a771 
loans made "u ?is section may be us$ = !
 foll[+ purposes3 7#a7 ,to make p]iodic 
paym5ts ( pr9cipal & int]e/1 = a p]iod n
 to exce$ #ab mon?s1 on a loan or a loan
 gu>antee made to an eligible borr[] t  
meets ! eligibility /&>ds ( su* section 
#g7;a74  7#b7 ,to provide b5efits to    
employees ( ! eligible borr[]1 includ+  
gr\p life insurance1 disability         
insurance1 sick leave1 annual leave1    
educational b5efits1 paid family leave1 
or retirem5t b5efits 7includ+ a p5sion  
plan or ,,ira74  7#c7 ,to pay wages to  
employees ( ! eligible borr[]1 & relat$ 
,/ate & ,f$]al payroll taxes1 except t  
loan proce$s may n be us$ to pay am\nts 
"u a g>ni%m5t ord] issu$ by an ag5cy ( a
 ,/ate or ,f$]al ,gov]nm5t4  7#d7 ,to   
provide te*nology1 h>dw>e1 or s(tw>e = a
 %ift to telework or remote "w =        
employees ( ! eligible borr[] to enable 

cont9uity ( op]ations4  7#e7 ,to pay r5t
 or utilities due or ow$ on any place ( 
bus9ess ( ! eligible borr[]4  7#f7 ,to  
ref9ance an exi/+ debt 7includ+ int]e/7 
9 an am\nt n to exce$ #ej p]c5t ( !     
am\nt ( ! debt4  7#g7 ,to provide floor 
plan f9anc+ or o!r revolv+ l9e ( cr$it4 
7#h7 ,to pay pa/-due ,f$]al1 ,/ate1 or  
local payroll taxes1 sales taxes1 or o!r
 simil> taxes t are requir$ to be       
collect$ by ! eligible borr[] & held 9  
tru/ on behalf ( a ,f$]al1 ,/ate1 or    
local gov]nm5t entity4  7#i7 ,to provide
 employees & patrons ( ! eligible borr[]
 ) ! necess>y items specifi$ by any     
public heal? au?ority to mitigate !     
spread ( ,,covid-#ai4  7d7 ,loan t]ms   
7#a7 ,am\nt ,loans made "u ?is section  
may n exce$ #b1ejj1jjj4  7#b7           
,disbursem5t ,n m ?an #bj p]c5t ( !     
proce$s ( a loan made "u ?is section    
%all be disburs$ n lat] ?an #e cal5d>   
days aft] a loan is approv$ "u ?is      
section4  7#c7 ,t]m ,loans made "u ?is  
section %all be = a t]m ( #aj ye>s1 & a 

borr[] %all n be requir$ to repay su*   
loan dur+ ! #ab-mon? p]iod beg9n+ on !  
date ( disbursem5t ( ! loan4  7#d7      
,int]e/2 fees ,! ,adm9i/rator may n *>ge
 any int]e/ or fees = a loan made "u ?is
 section4  7e7 ,collat]al ,!            
,adm9i/rator %all n decl9e to make a    
loan "u ?is section to an o!rwise       
eligible borr[] due solely to inadequate
 collat]al4 ,! ,adm9i/rator %all accept 
any available collat]al1 includ+        
subord9at$ li5s1 to secure a loan made  
"u ?is section4  7f7 ,sunset  7#a7 ,9   
g5]al ,except z provid$ 9 p>agraph 7#b71
 ! ,adm9i/rator ( ! ,small ,bus9ess     
,adm9i/ration may n make a loan "u ?is  
section aft] ,septemb] #cj1 #bjbb4  7#b7
 ,ext5sion ,! ,adm9i/rator may ext5d    
au?ority to make loans "u ?is section by
 an additional #f mon?s by notify+      
,congress1 9 writ+1 )9 #aj cal5d> days  
be=e any ext5sion4  7g7 ,em]g5cy        
rulemak+ au?ority  7#a7 ,9 g5]al ,)9 #ae
 days aft] ! date ( ! enactm5t ( ?is    
section1 ! ,adm9i/rator ( ! ,small      

,bus9ess ,adm9i/ration-- 7,a7 %all issue
 rules to c>ry out ?is section2 &  7,b7 
may issue rules to e/abli% a second>y   
m>ket = loans made "u ?is section4  7#b7
 ,notice ,! notice requirem5ts ( section
 #eec7;b7 ( title #e1 ,unit$ ,/ates     
,code %all n apply to any issuance (    
rules "u p>agraph 7#a74  7h7            
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to !         
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration su* sums z may be necess>y
 to pay = ! co/ ( mak+ #be1jjj1jjj1jjj 9
 direct loans "u ?is section4 ,9 !      
previ\s s5t5ce1 ! co/ ( direct loans    
%all be z def9$ 9 section #ejb ( !      
,congressional ,budget ,act ( #aigd 7#b 
,u4,s4,c4 #ffa;a74