,i #aaf? ,,congress #b;d ,session ,h4 ,r4 #fcjc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ai1 #bjbj,mr4 ,cr[ introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to tempor>ily r$uce fees = c]ta9 loans "u ! ,small ,bus9ess ,adm9i/ration1 to increase gu>antee am\nts on c]ta9 loans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,increas+ ,access to ,capital ,act ( #bjbj4 #b4 ,tempor>y fee r$uctions 7a7 ,purpose ,! purpose ( ! section is to waive borr[] & l5d] fees on loans1 includ+ a p]man5t fix to waive fees = vet]ans & _! sp\ses4 7b7 ,adm9i/rative fee waiv] 7#a7 ,9 g5]al ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,septemb] #cj1 #bjba1 & to ! ext5t t ! co/ ( su* elim9ation or r$uction ( fees is (fset by appropriations1 ) respect to ea* loan gu>ante$ "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 7includ+ a recipi5t ( assi/ance "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration7 = :i* an application is approv$ or p5d+ approval on or aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all-- 7,a7 9 lieu ( ! fee o!rwise applicable "u section #g7;a77#bc77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#bc77;,a771 collect no fee or r$uce fees to ! maximum ext5t possible2 & 7,b7 9 lieu ( ! fee o!rwise applicable "u section #g7;a77#ah77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771 collect no fee or r$uce fees to ! maximum ext5t possible4 7#b7 ,application ( fee elim9ations or r$uctions ,to ! ext5t t am\nts are made available to ! ,adm9i/rator = ! purpose ( fee elim9ations or r$uctions "u p>agraph 7#a71 ! ,adm9i/rator %all-- 7,a7 fir/ use any am\nts provid$ to elim9ate or r$uce fees paid by small bus9ess borr[]s "u clauses 7i7 ?r\gh 7iii7 ( section #g7;a77#ah77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771 to ! maximum ext5t possible2 & 7,b7 !n use any am\nts provid$ to elim9ate or r$uce fees "u #g7;a77#bc77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#bc77;,a774 7c7 ,exception ,to gu>antee fee waiv] = vet]ans ,section #g7;a77#ca77;,g7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca77;,g77 is am5d$-- 7#a7 by /rik+ clause 7ii72 & 7#b7 by r$esignat+ clause 7iii7 z clause 7ii74 7d7 ,tempor>y fee elim9ation = ! #ejd loan program 7#a7 ,9 g5]al ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,septemb] #cj1 #bjba1 & to ! ext5t ! co/ ( su* elim9ation 9 fees is (fset by appropriations1 ) respect to ea* project or loan gu>ante$ by ! ,adm9i/rator pursuant to title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq47 = :i* an application is approv$ or p5d+ approval on or aft] ! date ( enactm5t ( ?is ,act-- 7,a7 ! ,adm9i/rator %all1 9 lieu ( ! fee o!rwise applicable "u section #ejc7;d77#b7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fig7;d77#b771 collect no fee2 & 7,b7 a developm5t company %all1 9 lieu ( ! process+ fee "u section #abj4iga7;a77#a7 ( title #ac1 ,code ( ,f$]al ,regulations 7relat+ to fees paid by borr[]s71 or any successor !reto1 collect no fee4 7#b7 ,reimbursem5t = waiv$ fees 7,a7 ,9 g5]al ,to ! ext5t t ! co/ ( su* paym5ts is (fset by appropriations1 ! ,adm9i/rator %all reimburse ea* developm5t company t does n collect a process+ fee pursuant to p>agraph 7#a77;,b74 7,b7 ,am\nt ,! paym5t to a developm5t company "u subp>agraph 7,a7 %all be 9 an am\nt equal to #a4e p]c5t ( ! net deb5ture proce$s = :i* ! developm5t company does n collect a process+ fee pursuant to p>agraph 7#a77;,b74 #c4 ,gu>antee am\nts 7a7 ,purpose ,! purpose ( ?is section is to increase loan gu>antee am\nts 9 ord] to mitigate risk = l5d]s & keep cr$it fl[+1 includ+ an emphasis on und]s]v$ borr[]s4 7b7 #g7;a7 loan gu>antees 7#a7 ,9 g5]al ,section #g7;a77#b77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77;,a77 is am5d$ by /rik+ 71 su* p>ticipation by ! ,adm9i/ration %all be equal to & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ or ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration71 su* p>ticipation by ! ,adm9i/ration %all be equal to #ij p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan44 7#b7 ,t]m9ation ,effective ,septemb] #cj1 #bjba1 section #g7;a77#b77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77;,a771 z am5d$ by p>agraph 7#a71 is am5d$ to read z foll[s3 7,a7 ,9 g5]al ,except z provid$ 9 subp>agraphs 7,b71 7,d71 & 7,e71 9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u ?is subsection 7includ+ a loan made "u ! ,pref]r$ ,l5d]s ,program71 su* p>ticipation by ! ,adm9i/ration %all be equal to-- 7i7 #ge p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance exce$s #aej1jjj2 or 7ii7 #he p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance is less ?an or equal to #aej1jjj4 4 7c7 ,express loan gu>antee am\nts & loan size increases 7#a7 ,tempor>y modification ,section #g7;a77#ca7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca77 is am5d$-- 7,a7 9 subp>agraph 7,a77iv71 by /rik+ ) a gu>anty rate ( n m ?an #ej p]c5t4 & ins]t+ ! foll[+3 ) a gu>antee rate-- 7,i7 = a loan 9 an am\nt less ?an or equal to #cej1jjj1 ( n m ?an #ij p]c5t2 & 7,,ii7 = a loan 9 an am\nt great] ?an #cej1jjj1 ( n m ?an #ge p]c5t4 2 & 7,b7 9 subp>agraph 7,d71 by /rik+ #cej1jjj & ins]t+ #a1jjj1jjj4 7#b7 ,increase 9 availability ,effective ,septemb] #cj1 #bjba1 section #g7;a77#ca7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ca771 z am5d$ by p>agraph 7#a71 is am5d$-- 7,a7 9 subp>agraph 7,a77iv71 by /rik+ gu>antee rate & all t foll[s ?r\gh ! p]iod at ! end & ins]t+ gu>antee rate ( n m ?an #ej p]c5t42 & 7,b7 9 subp>agraph 7,d71 by /rik+ #a1jjj1jjj & ins]t+ #ejj1jjj4 #d4 ,maximum loan am\nt & program levels = #g7;a7 loans 7a7 ,purpose ,! purpose ( ?is section is to tempor>ily increase ! maximum loan size 9 ord] to exp& ! rea* ( ?is long-t]m capital4 7b7 ,maximum loan am\nt ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,septemb] #cj1 #bjba1 ) respect to any loan gu>ante$ "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 = :i* an application is approv$ or p5d+ approval on or aft] ! date ( enactm5t ( ?is ,act1 ! maximum loan am\nt %all be #aj1jjj1jjj4 7c7 ,program levels ,dur+ ea* ( fiscal ye>s #bjbj & #bjba1 commitm5ts = g5]al bus9ess loans au?oriz$ "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77 %all n exce$ #ge1jjj1jjj1jjj4 #e4 ,maximum loan am\nt = #ejd loans 7a7 ,purpose ,! purpose ( ?is section is to make ref9anc+ ( fix$ assets m flexible = small bus9ess conc]ns seek+ imm$iate f9anc+ & relief f ! ,,covid-#ai crisis4 7b7 ,tempor>y increase ,dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,septemb] #cj1 #bjba1 ) respect to ea* project or loan gu>ante$ by ! ,adm9i/rator pursuant to title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq47 = :i* an application is approv$ or p5d+ approval on or aft] ! date ( enactm5t ( ?is ,act1 ! maximum loan am\nt %all be #aj1jjj1jjj4 7c7 ,p]man5t increase = small manufactur]s ,effective on ,octob] #a1 #bjba1 section #ejb7b77;,a77iii7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fif7b77;,a77iii77 is am5d$ by /rik+ #e1ejj1jjj & ins]t+ #aj1jjj1jjj4