,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fbia  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #ai1 #bjbj,mr4   
,kim introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,small        
,bus9ess  ,a ,,bill  ,to am5d !         
microloan program ( ! ,small ,bus9ess   
,adm9/ration 9 response to ,,covid-#ai1 
& = o!r purposes4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,microloan ,em]g5cy
 ,assi/ance ,act ( #bjbj4  #b4 ,recov]y 
assi/ance = microbus9esses  7a7 ,purpose
 ,! purpose ( ?is section is to all[    
l5d]s to deploy m capital1 give borr[]s 
m "t to repay1 increase rural l5d+1 &   
cut te*nical assi/ance r$ tape4  7b7    
,loans to int]m$i>ies  7#a7 ,9 g5]al    
,section #g7m7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7m77 is am5d$-- 7,a7 
9 p>agraph 7#c77;,c7-- 7i7 by /rik+ &   
#f1jjj1jjj & ins]t+ #aj1jjj1jjj1 9 !    
aggregate12 &  7ii7 by ins]t+ be=e !    
p]iod at ! end ! foll[+3 1 & #d1ejj1jjj 
9 any ( ^? rema9+ ye>s2  7,b7 9 p>agraph
 7#d7-- 7i7 9 subp>agraph 7,a71 by /rik+

 subp>agraph 7,c7 ea* place t t]m appe>s
 & ins]t+ subp>agraphs 7,c7 & 7,g72     
7ii7 9 subp>agraph 7,c71 by am5d+ clause
 7i7 to read z foll[s3  7i7 ,9 g5]al ,9 
addition to grants made "u subp>agraph  
7,a7 or 7,g71 ea* int]m$i>y %all be     
eligible to receive a grant equal to #e 
p]c5t ( ! total out/&+ balance ( loans  
made to ! int]m$i>y "u ?is subsection   
if-- 7,i7 ! int]m$i>y provides n less   
?an #be p]c5t ( its loans to small      
bus9ess conc]ns locat$ 9 or own$ by "o  
or m resid5ts ( an economically di/ress$
 area2 or  7,,ii7 ! int]m$i>y has a     
portfolio ( loans made "u ?is           
subsection-- 7aa7 t av]ages n m ?an     
#aj1jjj dur+ ! p]iod ( ! int]m$i>y's    
p>ticipation 9 ! program2 or  7bb7 ( :i*
 n less ?an #be p]c5t is s]v+ rural     
areas dur+ ! p]iod ( ! int]m$i>y's      
p>ticipation 9 ! program4  2 &  7iii7 by
 add+ at ! end ! foll[+3  7,g7 ,grant   
am\nts bas$ on appropriations ,9 any    
fiscal ye> 9 :i* ! am\nt appropriat$ to 
make grants "u subp>agraph 7,a7 is      

suffici5t to provide to ea* int]m$i>y t 
receives a loan "u p>agraph 7#a77;,b77i7
 a grant ( n less ?an #be p]c5t ( !     
total out/&+ balance ( loans made to !  
int]m$i>y "u ?is subsection1 !          
,adm9i/ration %all make a grant "u      
subp>agraph 7,a7 to ea* int]m$i>y ( n   
less ?an #be p]c5t & n m ?an #cj p]c5t (
 t total out/&+ balance = ! int]m$i>y4  
2 &  7,c7 by /rik+ p>agraph 7#g7 &      
ins]t+ ! foll[+3  7#g7 ,program fund+ = 
microloans ,"u ! program au?oriz$ by ?is
 subsection1 ! ,adm9i/ration may fund1  
on a competitive basis1 n m ?an #cjj    
int]m$i>ies4  4  7#b7 ,am5dm5t 9 #bjba  
,effective on ,octob] #a1 #bjba1 section
 #g7m77#c77;,c7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcf7m77#c77;,c77 is    
am5d$-- 7,a7 by /rik+ #aj1jjj1jjj & by  
ins]t+ #g1jjj1jjj2 &  7,b7 by /rik+     
#d1ejj1jjj & ins]t+ #c1jjj1jjj4  7c7    
,tempor>y waiv] ( te*nical assi/ance    
grants mat*+ requirem5ts & flexibility  
on pre- & po/-,loan assi/ance ,dur+ !   
p]iod beg9n+ on ! date ( enactm5t ( ?is 

,act & end+ on ,septemb] #cj1 #bjba1 !  
,adm9i/ration %all waive-- 7#a7 !       
requirem5t to contribute non-,f$]al     
funds "u section #g7m77#d77;,b7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77#d77;,b772 &  7#b7 ! limitation 
on am\nts all[$ to be exp5d$ to provide 
in=mation & te*nical assi/ance "u clause
 7i7 ( section #g7m77#d77;,e7 ( ! ,small
 ,bus9ess ,act 7#ae ,u4,s4,c4           
#fcf7m77#d77;,e77 & ent] into ?ird-p>ty 
contracts to provide te*nical assi/ance 
"u clause 7ii7 ( su* section            
#g7m77#d77;,e74  7d7 ,tempor>y duration 
( loans to borr[]s  7#a7 ,9 g5]al ,dur+ 
! p]iod beg9n+ on ! date ( enactm5t (   
?is ,act & end+ on ,septemb] #cj1 #bjba1
 ! duration ( a loan made by an eligible
 int]m$i>y "u section #g7m7 ( ! ,small  
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m77-- 
7,a7 to an exi/+ borr[] may be ext5d$ to
 n m ?an #h ye>s2 &  7,b7 to a new      
borr[] may be n m ?an #h ye>s4  7#b7    
,rev]sion ,on & aft] ,octob] #a1 #bjba1 
! duration ( a loan made by an eligible 

int]m$i>y to a borr[] "u section #g7m7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fcf7m77 %all be #g ye>s or su* o!r     
am\nt e/abli%$ by ! ,adm9i/rator4  7e7  
,program levels ,section #bj ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fca note7 
is am5d$ by add+ at ! end ! foll[+3  7h7
 ,microloan program ,= ea* ( fiscal ye>s
 #bjba ?r\gh #bjbe1 ! ,adm9i/ration is  
au?oriz$ to make-- 7#a7 #hj1jjj1jjj 9   
te*nical assi/ance grants1 z provid$ 9  
section #g7m72 &  7#b7 #aaj1jjj1jjj 9   
direct loans1 z provid$ 9 section #g7m74
  4  7f7 ,au?orization ( appropriations 
,9 addition to am\nts provid$ "u !      
,consolidat$ ,appropriations ,act1 #bjbj
 7,public ,law #aaf-ic7 = ! program     
e/abli%$ "u section #g7m7 ( ! ,small    
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m771  
!re is au?oriz$ to be appropriat$ =     
fiscal ye> #bjbj1 to rema9 available    
until exp5d$-- 7#a7 #ej1jjj1jjj to      
provide te*nical assi/ance grants "u su*
 section #g7m72 &  7#b7 #g1jjj1jjj to   
provide direct loans "u su* section     

#g7m74