,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fcjc ,,in ,,the ,,house ,,of ,,representatives ,march #ai1 #bjbj,mr4 ,crow introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to temporarily reduce fees for certain loans under the ,small ,business ,administration1 to increase guarantee amounts on certain loans1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,increasing ,access to ,capital ,act of #bjbj4 #b4 ,temporary fee reductions 7a7 ,purpose ,the purpose of the section is to waive borrower and lender fees on loans1 including a permanent fix to waive fees for veterans and their spouses4 7b7 ,administrative fee waiver 7#a7 ,in general ,during the period beginning on the date of enactment of this ,act and ending on ,september #cj1 #bjba1 and to the extent that the cost of such elimination or reduction of fees is offset by appropriations1 with respect to each loan guaranteed under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 7including a recipient of assistance under the ,community ,advantage ,pilot ,program of the ,administration7 for which an application is approved or pending approval on or after the date of enactment of this ,act1 the ,administrator shall-- 7,a7 in lieu of the fee otherwise applicable under section #g7;a77#bc77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#bc77;,a771 collect no fee or reduce fees to the maximum extent possible2 and 7,b7 in lieu of the fee otherwise applicable under section #g7;a77#ah77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771 collect no fee or reduce fees to the maximum extent possible4 7#b7 ,application of fee eliminations or reductions ,to the extent that amounts are made available to the ,administrator for the purpose of fee eliminations or reductions under paragraph 7#a71 the ,administrator shall-- 7,a7 first use any amounts provided to eliminate or reduce fees paid by small business borrowers under clauses 7i7 through 7iii7 of section #g7;a77#ah77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771 to the maximum extent possible2 and 7,b7 then use any amounts provided to eliminate or reduce fees under #g7;a77#bc77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#bc77;,a774 7c7 ,exception ,to guarantee fee waiver for veterans ,section #g7;a77#ca77;,g7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca77;,g77 is amended-- 7#a7 by striking clause 7ii72 and 7#b7 by redesignating clause 7iii7 as clause 7ii74 7d7 ,temporary fee elimination for the #ejd loan program 7#a7 ,in general ,during the period beginning on the date of enactment of this ,act and ending on ,september #cj1 #bjba1 and to the extent the cost of such elimination in fees is offset by appropriations1 with respect to each project or loan guaranteed by the ,administrator pursuant to title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq47 for which an application is approved or pending approval on or after the date of enactment of this ,act-- 7,a7 the ,administrator shall1 in lieu of the fee otherwise applicable under section #ejc7;d77#b7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fig7;d77#b771 collect no fee2 and 7,b7 a development company shall1 in lieu of the processing fee under section #abj4iga7;a77#a7 of title #ac1 ,code of ,federal ,regulations 7relating to fees paid by borrowers71 or any successor thereto1 collect no fee4 7#b7 ,reimbursement for waived fees 7,a7 ,in general ,to the extent that the cost of such payments is offset by appropriations1 the ,administrator shall reimburse each development company that does not collect a processing fee pursuant to paragraph 7#a77;,b74 7,b7 ,amount ,the payment to a development company under subparagraph 7,a7 shall be in an amount equal to #a4e percent of the net debenture proceeds for which the development company does not collect a processing fee pursuant to paragraph 7#a77;,b74 #c4 ,guarantee amounts 7a7 ,purpose ,the purpose of this section is to increase loan guarantee amounts in order to mitigate risk for lenders and keep credit flowing1 including an emphasis on underserved borrowers4 7b7 #g7;a7 loan guarantees 7#a7 ,in general ,section #g7;a77#b77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77;,a77 is amended by striking 71 such participation by the ,administration shall be equal to and all that follows through the period at the end and inserting or the ,community ,advantage ,pilot ,program of the ,administration71 such participation by the ,administration shall be equal to #ij percent of the balance of the financing outstanding at the time of disbursement of the loan44 7#b7 ,termination ,effective ,september #cj1 #bjba1 section #g7;a77#b77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77;,a771 as amended by paragraph 7#a71 is amended to read as follows3 7,a7 ,in general ,except as provided in subparagraphs 7,b71 7,d71 and 7,e71 in an agreement to participate in a loan on a deferred basis under this subsection 7including a loan made under the ,preferred ,lenders ,program71 such participation by the ,administration shall be equal to-- 7i7 #ge percent of the balance of the financing outstanding at the time of disbursement of the loan1 if such balance exceeds #aej1jjj2 or 7ii7 #he percent of the balance of the financing outstanding at the time of disbursement of the loan1 if such balance is less than or equal to #aej1jjj4 4 7c7 ,express loan guarantee amounts and loan size increases 7#a7 ,temporary modification ,section #g7;a77#ca7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca77 is amended-- 7,a7 in subparagraph 7,a77iv71 by striking with a guaranty rate of not more than #ej percent4 and inserting the following3 with a guarantee rate-- 7,i7 for a loan in an amount less than or equal to #cej1jjj1 of not more than #ij percent2 and 7,,ii7 for a loan in an amount greater than #cej1jjj1 of not more than #ge percent4 2 and 7,b7 in subparagraph 7,d71 by striking #cej1jjj and inserting #a1jjj1jjj4 7#b7 ,increase in availability ,effective ,september #cj1 #bjba1 section #g7;a77#ca7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca771 as amended by paragraph 7#a71 is amended-- 7,a7 in subparagraph 7,a77iv71 by striking guarantee rate and all that follows through the period at the end and inserting guarantee rate of not more than #ej percent42 and 7,b7 in subparagraph 7,d71 by striking #a1jjj1jjj and inserting #ejj1jjj4 #d4 ,maximum loan amount and program levels for #g7;a7 loans 7a7 ,purpose ,the purpose of this section is to temporarily increase the maximum loan size in order to expand the reach of this long-term capital4 7b7 ,maximum loan amount ,during the period beginning on the date of enactment of this ,act and ending on ,september #cj1 #bjba1 with respect to any loan guaranteed under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 for which an application is approved or pending approval on or after the date of enactment of this ,act1 the maximum loan amount shall be #aj1jjj1jjj4 7c7 ,program levels ,during each of fiscal years #bjbj and #bjba1 commitments for general business loans authorized under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 shall not exceed #ge1jjj1jjj1jjj4 #e4 ,maximum loan amount for #ejd loans 7a7 ,purpose ,the purpose of this section is to make refinancing of fixed assets more flexible for small business concerns seeking immediate financing and relief from the ,,covid-#ai crisis4 7b7 ,temporary increase ,during the period beginning on the date of enactment of this ,act and ending on ,september #cj1 #bjba1 with respect to each project or loan guaranteed by the ,administrator pursuant to title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq47 for which an application is approved or pending approval on or after the date of enactment of this ,act1 the maximum loan amount shall be #aj1jjj1jjj4 7c7 ,permanent increase for small manufacturers ,effective on ,october #a1 #bjba1 section #ejb7b77;,a77iii7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fif7b77;,a77iii77 is amended by striking #e1ejj1jjj and inserting #aj1jjj1jjj4