,i #aafth ,,congress #b;d ,session ,h4 ,r4 #fcab ,,in ,,the ,,house ,,of ,,representatives ,march #ai1 #bjbj,ms4 ,velzquez introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to provide relief from ,,covid-#ai for small business concerns1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,,covid-#ai ,relief for ,small ,businesses ,act of #bjbj4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4,sec4 #b4 ,business stabilization direct loan program4,sec4 #c4 ,business stabilization guaranteed loan program4,sec4 #d4 ,economic injury grants for small business concerns4,sec4 #e4 ,economic injury disaster loans4,sec4 #f4 ,subsidy for certain loan payments4,sec4 #g4 ,temporary fee reductions4,sec4 #h4 ,guarantee amounts4,sec4 #i4 ,maximum loan amount and program levels for #g7;a7 loans4,sec4 #aj4 ,maximum loan amount for #ejd loans4,sec4 #aa4 ,recovery assistance for microbusinesses4,sec4 #ab4 ,additional leverage for small businesses affected by the ,,covid-#ai outbreak4,sec4 #ac4 ,new ,markets ,venture ,capital ,program4,sec4 #ad4 ,grants to small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives4,sec4 #ae4 ,grant programs for small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives4,sec4 #af4 ,waiver of matching funds requirement under the women's business center program4,sec4 #ag4 ,state ,trade ,expansion ,program4,sec4 #ah4 ,contracting and entrepreneurial development assistance4,sec4 #ai4 ,resources and services in languages other than ,english4,sec4 #bj4 ,authorization of appropriations for personnel4 #b4 ,business stabilization direct loan program 7a7 ,in general ,the ,administrator of the ,small ,business ,administration shall carry out a program to make loans directly to eligible borrowers4 7b7 ,eligible borrower defined ,in this section1 the term eligible borrower means a person who-- 7#a7 is a small business concern as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb72 and 7#b7 is located in a ,state or territory of the ,united ,states with a confirmed or presumed positive case of ,,covid-#ai4 7c7 ,use of funds ,in addition to the use of proceeds currently permitted under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a771 loans made under this section may be used for the following purposes3 7#a7 ,to make periodic payments of principal and interest1 for a period not to exceed #ab months1 on a loan or a loan guarantee made to an eligible borrower that meets the eligibility standards of such section #g7;a74 7#b7 ,to provide benefits to employees of the eligible borrower1 including group life insurance1 disability insurance1 sick leave1 annual leave1 educational benefits1 paid family leave1 or retirement benefits 7including a pension plan or ,,ira74 7#c7 ,to pay wages to employees of the eligible borrower1 and related ,state and ,federal payroll taxes1 except that loan proceeds may not be used to pay amounts under a garnishment order issued by an agency of a ,state or ,federal ,government4 7#d7 ,to provide technology1 hardware1 or software for a shift to telework or remote work for employees of the eligible borrower to enable continuity of operations4 7#e7 ,to pay rent or utilities due or owed on any place of business of the eligible borrower4 7#f7 ,to refinance an existing debt 7including interest7 in an amount not to exceed #ej percent of the amount of the debt4 7#g7 ,to provide floor plan financing or other revolving line of credit4 7#h7 ,to pay past-due ,federal1 ,state1 or local payroll taxes1 sales taxes1 or other similar taxes that are required to be collected by the eligible borrower and held in trust on behalf of a ,federal1 ,state1 or local government entity4 7#i7 ,to provide employees and patrons of the eligible borrower with the necessary items specified by any public health authority to mitigate the spread of ,,covid-#ai4 7d7 ,loan terms 7#a7 ,amount ,loans made under this section may not exceed #b1ejj1jjj4 7#b7 ,disbursement ,not less than #aj percent1 but not more than #bj percent1 of the proceeds of a loan made under this section shall be disbursed not later than #e calendar days after a loan is approved under this section4 7#c7 ,term ,loans made under this section shall be for a term of #aj years1 and a borrower shall not be required to repay such loan during the #ab-month period beginning on the date of disbursement of the loan4 7#d7 ,interest2 fees ,the ,administrator may not charge any interest or fees for a loan made under this section4 7e7 ,collateral ,the ,administrator shall not decline to make a loan under this section to an otherwise eligible borrower due solely to inadequate collateral4 ,the ,administrator shall accept any available collateral1 including subordinated liens1 to secure a loan made under this section4 7f7 ,forgiveness ,if an eligible borrower that receives loan proceeds under this section demonstrates to the ,administrator that the number of employees of such eligible borrower on ,december #ca1 #bjba1 is greater than or equal to the number of employees of such eligible borrower on ,december #ca1 #bjai1 the ,administrator shall pay to the lender of such eligible borrower's loan not more than #ej percent of the outstanding principal on such loan4 7g7 ,sunset 7#a7 ,in general ,except as provided in paragraph 7#b71 the ,administrator of the ,small ,business ,administration may not make a loan under this section after ,september #cj1 #bjbb4 7#b7 ,extension ,the ,administrator may extend authority to make loans under this section by an additional #f months by notifying ,congress1 in writing1 within #aj calendar days before any extension4 7h7 ,emergency rulemaking authority 7#a7 ,in general ,within #ae days after the date of the enactment of this section1 the ,administrator of the ,small ,business ,administration-- 7,a7 shall issue rules to carry out this section2 and 7,b7 may issue rules to establish a secondary market for loans made under this section4 7#b7 ,notice ,the notice requirements of section #eec7;b7 of title #e1 ,united ,states ,code shall not apply to any issuance of rules under paragraph 7#a74 7i7 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator of the ,small ,business ,administration such sums as may be necessary to pay for the cost of making #ajj1jjj1jjj1jjj in direct loans under this section4 ,in the previous sentence1 the cost of direct loans shall be as defined in section #ejb of the ,congressional ,budget ,act of #aigd 7#b ,u4,s4,c4 #ffa;a74 #c4 ,business stabilization guaranteed loan program 7a7 ,in general ,the ,administrator of the ,small ,business ,administration shall carry out a program to guarantee loans to eligible borrowers1 made by banks or other lenders4 7b7 ,eligible borrower defined ,in this section1 the term eligible borrower means a person who-- 7#a7 is a small business concern as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb72 and 7#b7 is located in a ,state or territory of the ,united ,states with a confirmed or presumed positive case of ,,covid-#ai4 7c7 ,use of funds ,in addition to the use of proceeds currently permitted under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a771 loans guaranteed under this section may be used for the following purposes3 7#a7 ,to make periodic payments of principal and interest1 for a period not to exceed #ab months1 on a loan or a loan guarantee made to an eligible borrower that meets the eligibility standards of such section #g7;a74 7#b7 ,to provide benefits to employees of the eligible borrower1 including group life insurance1 disability insurance1 sick leave1 annual leave1 educational benefits1 paid family leave1 or retirement benefits 7including a pension plan or ,,ira74 7#c7 ,to pay wages to employees of the eligible borrower1 and related ,state and ,federal payroll taxes1 except that loan proceeds may not be used to pay amounts under a garnishment order issued by an agency of a ,state or ,federal ,government4 7#d7 ,to provide technology1 hardware1 or software for a shift to telework or remote work for employees of the eligible borrower to enable continuity of operations4 7#e7 ,to pay rent or utilities due or owed on any place of business of the eligible borrower4 7#f7 ,to refinance an existing debt 7including interest7 in an amount not to exceed #ej percent of the amount of the debt4 7#g7 ,to provide floor plan financing or other revolving line of credit4 7#h7 ,to pay past-due ,federal1 ,state1 or local payroll taxes1 sales taxes1 or other similar taxes that are required to be collected by the eligible borrower and held in trust on behalf of a ,federal1 ,state1 or local government entity4 7#i7 ,to provide employees and patrons of the eligible borrower with the necessary items specified by any public health authority to mitigate the spread of ,,covid-#ai4 7d7 ,loan terms 7#a7 ,amount ,loans guaranteed under this section may not exceed #b1ejj1jjj4 7#b7 ,disbursement ,with respect to a loan guaranteed under this section1 loan amounts shall be disbursed as follows3 7,a7 ,not less than #aj percent1 but not more than #bj percent1 of such amount shall be disbursed not later than #e calendar days after such approval4 7,b7 ,not later than #ad calendar days after such approval1 any remaining amounts shall be disbursed4 7#c7 ,guarantee ,loans guaranteed under this section shall be #ajj percent guaranteed by the ,administrator of the ,small ,business ,administration4 7#d7 ,interest ,the ,administrator and participating lenders shall not charge interest on any loan guaranteed under this section4 7e7 ,repayment ,repayment for loans guaranteed under this section-- 7#a7 shall be amortized over a period of time not to exceed #aj years2 and 7#b7 may not begin until #ab months 7which may be extended by the ,administrator of the ,small ,business ,administration7 after the final disbursement of loan amounts pursuant to subsection 7d77#b74 7f7 ,collateral ,a lender may not decline to make a loan described under this section to an otherwise eligible borrower due solely to inadequate collateral4 ,the ,administrator shall not decline to honor a guarantee on a loan made by a lender that is guaranteed under this section solely due to inadequate collateral4 ,lenders shall accept any available collateral1 including subordinated liens1 to secure a loan guaranteed under this section4 7g7 ,fees ,neither the ,administrator of the ,small ,business ,administration nor any lender may charge any fees to an applicant in connection with a loan guaranteed under this section4 7h7 ,forgiveness ,if an eligible borrower that receives loan proceeds under this section demonstrates to the ,administrator that the number of employees of such eligible borrower on ,december #ca1 #bjba1 is greater than or equal to the number of employees of such eligible borrower on ,december #ca1 #bjai1 the ,administrator shall pay to the lender of such eligible borrower's loan not more than #ej percent of the outstanding principal on such loan4 7i7 ,sunset 7#a7 ,in general ,except as provided in paragraph 7#b71 the ,administrator of the ,small ,business ,administration may not guarantee a loan under this section after ,september #cj1 #bjbb4 7#b7 ,extension ,the ,administrator may extend authority to guarantee loans under this section by an additional #f months by notifying ,congress1 in writing1 within #aj calendar days before any extension4 7j7 ,emergency rulemaking authority 7#a7 ,in general ,within #ae days after the date of the enactment of this section1 the ,administrator of the ,small ,business ,administration-- 7,a7 shall issue rules to carry out this section2 and 7,b7 may issue rules to establish a secondary market for loans made under this section4 7#b7 ,notice ,the notice requirements of section #eec7;b7 of title #e1 ,united ,states ,code shall not apply to any issuance of rules under paragraph 7#a74 7k7 ,authorization of appropriations ,there is authorized to be appropriated #ajj1jjj1jjj1jjj to the ,administrator of the ,small ,business ,administration to carry out this section4 #d4 ,economic injury grants for small business concerns 7a7 ,grants ,the ,administrator of the ,small ,business ,administration shall provide grants to eligible small business concerns that have suffered a substantial economic injury 7as defined in section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b771 directly or indirectly1 as a result of the public health emergency declared because of ,,covid-#ai4 7b7 ,definition of eligible small business concern ,in this section1 the term eligible small business concern means a small business concern 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb77 or an independent contractor4 7c7 ,amount of grant ,a grant provided under this section shall be in an amount that is not more than #ajj1jjj4 7d7 ,use of funds ,an eligible small business concern that receives a grant under this section may use the grant funds to address the direct effects of the ,,covid-#ai pandemic1 including-- 7#a7 providing paid sick leave to employees unable to work2 7#b7 maintaining payroll to retain employees during business disruptions or substantial slowdowns2 7#c7 meeting increased costs to obtain materials unavailable from the original source of the eligible small business concern due to interrupted supply chains2 7#d7 making payments under a lease or mortgage loan related to a place of operation of the small business concern2 7#e7 repaying obligations that cannot be met due to revenue losses2 and 7#f7 other expenses as deemed appropriate by the ,administrator4 7e7 ,application 7#a7 ,in general ,an eligible small business concern desiring a grant under this section shall submit to the ,administration an application at such time1 in such manner1 and containing such information as the ,administration may require4 7#b7 ,standards ,the ,administrator shall establish minimum qualifying standards to ensure that applicants adversely impacted by the effects of ,,covid-#ai pandemic receive funds expeditiously under this section4 7f7 ,procedures ,the ,administrator shall establish procedures to verify and document compliance with the requirements under this section in order to prevent waste1 fraud1 and abuse of funds awarded under this section4 7g7 ,authorization of appropriations ,there is authorized to be appropriated #ajj1jjj1jjj1jjj to the ,administrator to carry out this section4 7h7 ,emergency rulemaking authority 7#a7 ,in general ,within #ae days after the date of the enactment of this section1 the ,administrator of the ,small ,business ,administration shall issue rules to carry out this section4 7#b7 ,notice ,notice requirements of section #eec7;b7 of title #e1 ,united ,states ,code shall not apply to any issuance of rules under paragraph 7#a74 7i7 ,report ,not later than ,march #ca1 #bjbb1 the ,administrator of the ,small ,business ,administration shall submit to ,congress a report that includes-- 7#a7 the number of grants made under this section1 disaggregated by the number of grants made-- 7,a7 in an amount less than or equal to #bj1jjj2 7,b7 in an amount greater than #bj1jjj but less than or equal to #dj1jjj2 7,c7 in an amount greater than #dj1jjj but less than or equal to #fj1jjj2 7,d7 in an amount greater than #fj1jjj but less than or equal to #hj1jjj2 and 7,e7 in an amount greater than #hj1jjj but less than or equal to #ajj1jjj2 7#b7 the average amount of an award2 7#c7 an analysis of the program established under this section and recommendations for improvement2 7#d7 the average time from receipt of an application to approval of grant under this section2 and 7#e7 the average time from approval of grant to disbursement of grant funds4 7j7 ,termination ,the authority to carry out grants under this section shall terminate on ,september #cj1 #bjba4 #e4 ,economic injury disaster loans 7a7 ,terms ,with respect to a loan made under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 in response to ,,covid-#ai1 the ,administrator of the ,small ,business ,administration-- 7#a7 may make such a loan to a start-up small business concern2 7#b7 may waive any rules related to affiliation2 and 7#c7 shall1 with respect to such a loan made to a cooperative1 waive any requirement that the borrower of such loan provide a personal guarantee to repay such loan4 7b7 ,preliminary amounts 7#a7 ,in general ,an applicant for a loan under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 in response to ,,covid-#ai may request that the ,administrator provide an advance in the amount requested by such applicant 7not to exceed #aj1jjj7 to such applicant within #c days after the ,administrator receives an application from such applicant4 7#b7 ,verification ,before disbursing amounts under this subsection1 the ,administrator shall verify that the applicant is a small business concern 7as defined under section #c of such ,act 7#ae ,u4,s4,c4 #fcb774 7#c7 ,repayment ,an applicant that is subsequently denied a loan under such section #g7;b77#b7 shall not be required to repay any amounts of an advance provided under this subsection4 7c7 ,approval and ability ,to repay for small dollar loans ,with respect to a loan made under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 in response to ,,covid-#ai that does not exceed #cej1jjj1 the ,administrator-- 7#a7 may approve an applicant based solely on the credit score of the applicant and shall not require an applicant to submit a tax return or a tax return transcript for such approval2 or 7#b7 use alternative appropriate methods to determine an applicant's ability to repay4 7d7 ,emergencies involving federal primary responsibility qualifying for small business administration assistance ,section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 is amended-- 7#a7 in subparagraph 7,a71 by striking or at the end2 7#b7 in subparagraph 7,b71 by striking or at the end2 7#c7 in subparagraph 7,c71 by striking or at the end2 7#d7 by redesignating subparagraph 7,d7 as subparagraph 7,e72 7#e7 by inserting after subparagraph 7,c7 the following3 7,d7 an emergency involving ,federal primary responsibility determined to exist by the ,president under the section #eja7;b7 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaia7;b772 or 2 7#f7 in subparagraph 7,e71 as so redesignated-- 7,a7 by striking or 7,c7 and inserting 7,c71 or 7,d72 7,b7 by striking disaster declaration each place it appears and inserting disaster or emergency declaration2 7,c7 by striking disaster has occurred and inserting disaster or emergency has occurred2 7,d7 by striking such disaster and inserting such disaster or emergency2 and 7,e7 by striking disaster stricken and inserting disaster- or emergency-stricken2 and 7#g7 in the flush matter following subparagraph 7,e7 7as so redesignated71 by striking the period at the end and inserting the following3 3 ,provided further1 that for purposes of subparagraph 7,d71 the ,administrator shall deem that such an emergency affects each ,state or subdivision thereof 7including counties71 and that each ,state or subdivision has sufficient economic damage to small business concerns to qualify for assistance under this paragraph and the ,administrator shall accept applications for such assistance immediately44 7e7 ,credit elsewhere requirements ,the flush matter following subparagraph 7,e7 7as so redesignated7 of section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 is amended by striking ,that no loan or guarantee and all that follows through credit elsewhere4 and inserting the following3 ,the interest rate on a loan or guarantee made under this paragraph shall be not more than #b percent1 if the ,administrator determines the applicant is not able to obtain credit elsewhere1 or not more than #d percent1 if the ,administrator determines the applicant is able to obtain credit elsewhere44 7f7 ,eligibility ,section #g7;b77#b7 of the ,small ,business ,act is amended by striking small agricultural cooperative and inserting small cooperative4 7g7 ,additional amounts 7#a7 ,in general ,the ,administrator of the ,small ,business ,administration may increase by #bj percent the amount received by an eligible small business concern under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 to cover continuity-of-operations and risk mitigation improvements1 including telework capability1 offsite record keeping1 redundancy1 the administrative costs of establishing paid sick leave1 and presenteeism prevention4 7#b7 ,definition ,in this section1 the term eligible small business concern means a small business concern that-- 7,a7 meets the applicable size standard established under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb72 and 7,b7 is receiving assistance under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 related to ,,covid-#ai4 7h7 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator to carry out the loan program under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77-- 7#a7 #agg1jjj1jjj for administration costs2 and 7#b7 #a1jjj1jjj1jjj to provide loans or other assistance4 #f4 ,subsidy for certain loan payments 7a7 ,definitions ,in this section-- 7#a7 the terms ,administration and ,administrator mean the ,small ,business ,administration and the ,administrator thereof2 and 7#b7 the term covered loan means a loan that is-- 7,a7 guaranteed by the ,administration under-- 7i7 section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a771 including a loan made under the ,community ,advantage ,pilot ,program of the ,administration2 or 7ii7 title ,v of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fie et seq472 or 7,b7 made by an intermediary to a small business concern 7as defined in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb77 using loans or grants received under section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m774 7b7 ,sense of congress ,it is the sense of ,congress that-- 7#a7 all borrowers are adversely affected by ,,covid-#ai2 7#b7 relief payments by the ,administration are appropriate for all borrowers2 and 7#c7 in addition to the relief provided under this section1 the ,administration should encourage lenders to provide payment deferments1 when appropriate1 and to extend the maturity of covered loans1 so as to avoid balloon payments or any requirement for increases in debt payments resulting from deferments provided by lenders during the period of the national emergency declared by the ,president under the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afja et seq47 with respect to ,,covid-#ai4 7c7 ,principal and interest payments 7#a7 ,in general ,the ,administrator shall pay the principal1 interest1 and any associated fees that are owed on a covered loan in a regular servicing status-- 7,a7 with respect to a covered loan made before the date of enactment of this section and not on deferment1 for the #f-month period beginning with the next payment due on the covered loan2 7,b7 with respect to a covered loan made before the date of enactment of this section and on deferment1 for the #f-month period beginning with the next payment due on the covered loan after the deferment period2 and 7,c7 with respect to a covered loan made during the period beginning on the date of enactment of this section and ending on the date that is #f months after such date of enactment1 for the #f-month period beginning with the first payment due on the covered loan4 7#b7 ,timing of payment ,the ,administrator shall begin making payments under paragraph 7#a7 on a covered loan not later than #cj days after the date on which the first such payment is due4 7#c7 ,application of payment ,any payment made by the ,administrator under paragraph 7#a7 shall be applied to the covered loan such that the borrower is relieved of the obligation to pay that amount4 7d7 ,other requirements ,the ,administrator shall-- 7#a7 communicate and coordinate with the ,federal ,deposit ,insurance ,corporation1 the ,office of the ,comptroller of the ,currency1 and ,state bank regulators to encourage those entities to not require lenders to increase their reserves on account of receiving payments made by the ,administrator under subsection 7c72 7#b7 waive statutory limits on maximum loan maturities for any covered loan durations where the lender provides a deferral and extends the maturity of covered loans during the #a-year period following the date of enactment of this section2 and 7#c7 when necessary to provide more time because of the potential of higher volumes1 travel restrictions1 and the inability to access some properties during the ,,covid-#ai pandemic1 extend lender site visit requirements to-- 7,a7 not more than #fj days 7which may be extended at the discretion of the ,administration7 after the occurrence of an adverse event1 other than a payment default1 causing a loan to be classified as in liquidation2 and 7,b7 not more than #ij days after a payment default4 7e7 ,rule of construction ,nothing in this section may be construed to limit the authority of the ,administrator to make payments pursuant to subsection 7c7 with respect to a covered loan solely because the covered loan has been sold in the secondary market4 7f7 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator #af1hjj1jjj1jjj to carry out this section4 #g4 ,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 section 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 section-- 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 #h4 ,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 #i4 ,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 section 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 section1 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 #aj4 ,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 section 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 section1 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 #aa4 ,recovery assistance for microbusinesses 7a7 ,purpose ,the purpose of this section is to allow lenders to deploy more capital1 give borrowers more time to repay1 increase rural lending1 and cut technical assistance red tape4 7b7 ,loans to intermediaries 7#a7 ,in general ,section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77 is amended-- 7,a7 in paragraph 7#c77;,c7-- 7i7 by striking and #f1jjj1jjj and inserting #aj1jjj1jjj1 in the aggregate12 and 7ii7 by inserting before the period at the end the following3 1 and #d1ejj1jjj in any of those remaining years2 7,b7 in paragraph 7#d7-- 7i7 in subparagraph 7,a71 by striking subparagraph 7,c7 each place that term appears and inserting subparagraphs 7,c7 and 7,g72 7ii7 in subparagraph 7,c71 by amending clause 7i7 to read as follows3 7i7 ,in general ,in addition to grants made under subparagraph 7,a7 or 7,g71 each intermediary shall be eligible to receive a grant equal to #e percent of the total outstanding balance of loans made to the intermediary under this subsection if-- 7,i7 the intermediary provides not less than #be percent of its loans to small business concerns located in or owned by one or more residents of an economically distressed area2 or 7,,ii7 the intermediary has a portfolio of loans made under this subsection-- 7aa7 that averages not more than #aj1jjj during the period of the intermediary's participation in the program2 or 7bb7 of which not less than #be percent is serving rural areas during the period of the intermediary's participation in the program4 2 and 7iii7 by adding at the end the following3 7,g7 ,grant amounts based on appropriations ,in any fiscal year in which the amount appropriated to make grants under subparagraph 7,a7 is sufficient to provide to each intermediary that receives a loan under paragraph 7#a77;,b77i7 a grant of not less than #be percent of the total outstanding balance of loans made to the intermediary under this subsection1 the ,administration shall make a grant under subparagraph 7,a7 to each intermediary of not less than #be percent and not more than #cj percent of that total outstanding balance for the intermediary4 2 and 7,c7 by striking paragraph 7#g7 and inserting the following3 7#g7 ,program funding for microloans ,under the program authorized by this subsection1 the ,administration may fund1 on a competitive basis1 not more than #cjj intermediaries4 4 7#b7 ,amendment in #bjba ,effective on ,october #a1 #bjba1 section #g7m77#c77;,c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77#c77;,c771 as amended by paragraph 7#a77;,a71 is further amended-- 7,a7 by striking #aj1jjj1jjj and by inserting #g1jjj1jjj2 and 7,b7 by striking #d1ejj1jjj and inserting #c1jjj1jjj4 7c7 ,temporary waiver of technical assistance grants matching requirements and flexibility on pre- and post-,loan assistance ,during the period beginning on the date of enactment of this section and ending on ,september #cj1 #bjba1 the ,administration shall waive-- 7#a7 the requirement to contribute non-,federal funds under section #g7m77#d77;,b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77#d77;,b772 and 7#b7 the limitation on amounts allowed to be expended to provide information and technical assistance under clause 7i7 of section #g7m77#d77;,e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77#d77;,e77 and enter into third-party contracts to provide technical assistance under clause 7ii7 of such section #g7m77#d77;,e74 7d7 ,temporary duration of loans to borrowers 7#a7 ,in general ,during the period beginning on the date of enactment of this section and ending on ,september #cj1 #bjba1 the duration of a loan made by an eligible intermediary under section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77-- 7,a7 to an existing borrower may be extended to not more than #h years2 and 7,b7 to a new borrower may be not more than #h years4 7#b7 ,reversion ,on and after ,october #a1 #bjba1 the duration of a loan made by an eligible intermediary to a borrower under section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m77 shall be #g years or such other amount established by the ,administrator4 7e7 ,program levels ,section #bj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fca note7 is amended by adding at the end the following3 7h7 ,microloan program ,for each of fiscal years #bjba through #bjbe1 the ,administration is authorized to make-- 7#a7 #hj1jjj1jjj in technical assistance grants1 as provided in section #g7m72 and 7#b7 #aaj1jjj1jjj in direct loans1 as provided in section #g7m74 4 7f7 ,authorization of appropriations ,in addition to amounts provided under the ,consolidated ,appropriations ,act1 #bjbj 7,public ,law #aaf-ic7 for the program established under section #g7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7m771 there is authorized to be appropriated for fiscal year #bjbj1 to remain available until expended-- 7#a7 #ej1jjj1jjj to provide technical assistance grants under such section #g7m72 and 7#b7 #g1jjj1jjj to provide direct loans under such section #g7m74 #ab4 ,additional leverage for small businesses affected by the ,,covid-#ai outbreak 7a7 ,in general ,section #cjc7;b77#b7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fhc7;b77#b77 is amended by adding at the end the following3 7,e7 ,additional leverage base on investment 7i7 ,exclusion of amounts ,in calculating the outstanding leverage of a company for purposes of subparagraph 7,a7 or 7,b71 the ,administrator shall exclude the amount of leverage outstanding to covered small businesses1 not to exceed an amount equal to #ajj1jjj1jjj1 if the amount excluded is used exclusively for working capital purposes4 7ii7 ,covered small business defined ,in this subparagraph1 the term covered small business means a small business concern is located in a ,state or ,united ,states territory with at least one confirmed or presumed positive case of ,,covid-#ai4 4 7b7 ,application ,notwithstanding any other provision of law1 for purposes of additional leverage requested under subparagraph 7,e7 of section #cjc7;b77#b7 of the ,small ,business ,investment ,act of #aieh1 as added by subsection 7a71 the ,administrator shall approve or deny such request within #ad calendar days of receipt by the ,administrator of the request4 #ac4 ,new ,markets ,venture ,capital ,program ,section #cfh7;a7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fhiq7a77 is amended-- 7#a7 by striking fiscal years #bjja through #bjjf and inserting fiscal years #bjbj through #bjbe2 7#b7 in paragraph 7#a71 by striking #aej1jjj1jjj and inserting #aj1jjj1jjj1jjj2 and 7#c7 in paragraph 7#b71 by striking #cj1jjj1jjj and inserting #b1jjj1jjj1jjj4 #ad4 ,grants to small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives 7a7 ,in general ,the ,administrator of the ,small ,business ,administration shall provide grants to small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives for the purposes described in subsection 7b74 7b7 ,use of funds ,grant funds under this section shall be used for the following3 7#a7 ,to purchase laptops1 software1 and other related technical or electronic equipment to ensure that employees of small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives may telework and provide remote customer service in response to a public health emergency declared because of ,,covid-#ai4 7#b7 ,to create marketing materials for employees of small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives to educate customers on available training and counseling resources relevant to a public health emergency declared because of ,,covid-#ai4 7c7 ,definitions ,in this section3 7#a7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7#b7 ,service ,corps of ,retired ,executives ,the term ,service ,corps of ,retired ,executives means the ,service ,corps of ,retired ,executives established under section #h7;b77#a77;,b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b774 7#c7 ,small business development center ,the term small business development center has the meaning given in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 7#d7 ,women's business center ,the term women's business center means a women's business center as described under section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef74 7d7 ,authorization of appropriations ,there is authorized to be appropriated #be1jjj1jjj to the ,administrator to carry out this ,act1 of which not less than #ae1jjj1jjj shall be used for grants to small business development centers4 #ae4 ,grant programs for small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives 7a7 ,small business development center grants 7#a7 ,small business development center grants ,the ,administrator of the ,small ,business ,administration shall provide grants to small business development centers 7as defined in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb77 for the purposes described in paragraph 7#b74 7#b7 ,use of funds ,grant funds under this subsection shall be used to educate1 train1 and advise owners and employees of small business concerns 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb77 on the following matters3 7,a7 ,the hazards of and prevention of the transmission and communication of ,,covid-#ai and similar communicable diseases4 7,b7 ,the potential effects to the supply chains1 distribution1 and sale of products of the concern1 and the mitigation of such effects1 during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,c7 ,the management and practice of telework or remote customer service by electronic or other means to reduce possible transmission of ,,covid-#ai and other communicable diseases4 7,d7 ,the risks and mitigation of cyber threats in remote customer service or telework practices4 7,e7 ,the mitigation of the effects of reduced travel or outside activities during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,f7 ,business continuity plans during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,g7 ,any other relevant business practices necessary to mitigate any economic effects experienced during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7#c7 ,formula ,the ,administrator and the association authorized under section #ba7;a77#c77;,a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh7;a77#c77;,a77 shall jointly establish a formula under which grants under this subsection shall be awarded4 7#d7 ,metrics and ,goals 7,a7 ,in general ,the ,administrator and the association described in paragraph 7#c7 shall jointly establish goals and metrics for the use of funds made available under this subsection4 ,such goals and metrics shall-- 7i7 consider the extent of the circumstances relating to the spread of ,,covid-#ai or a similar communicable disease that affect small business concerns served by each grant recipient1 particularly rural areas or economically distressed areas2 7ii7 ensure grant recipients comply with the requirements of paragraph 7#b7 while also ensuring that grant recipients may have flexibility in responding to unique situations2 and 7iii7 encourage grant recipients to develop and provide services to small business concerns that are located in areas substantially affected by ,,covid-#ai4 7,b7 ,public availability ,the ,administrator shall make publicly available the methodology by which the ,administrator and the association jointly developed the metrics and goals described in subparagraph 7,a74 7#e7 ,authorization of appropriations ,there is authorized to be appropriated #ge1jjj1jjj1 to remain available until expended1 to the ,administrator to carry out this subsection4 7b7 ,establishment of women's business center and ,service ,corps of ,retired ,executives grants 7#a7 ,in general ,the ,administrator of the ,small ,business ,administration shall provide grants to women's business centers 7as described under section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef77 and to chapters of the ,service ,corps of ,retired ,executives 7established under section #h7;b77#a77;,b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b777 for the purposes described in paragraph 7#b74 7#b7 ,use of funds ,grant funds under this subsection shall be used to educate1 train1 and advise owners and employees of small business concerns on the following matters3 7,a7 ,the hazards of and prevention of the transmission and communication of ,,covid-#ai and similar communicable diseases4 7,b7 ,the potential effects to the supply chains1 distribution1 and sale of products of the concern1 and the mitigation of such effects1 during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,c7 ,the management and practice of telework or remote customer service by electronic or other means to reduce possible transmission of ,,covid-#ai and other communicable diseases4 7,d7 ,the risks and mitigation of cyber threats in remote customer service or telework practices4 7,e7 ,the mitigation of the effects of reduced travel or outside activities during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,f7 ,business continuity plans during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7,g7 ,any other relevant business practices necessary to mitigate any economic effects experienced during a period of a public health emergency declared because of ,,covid-#ai or a similar communicable disease4 7#c7 ,authorization of appropriations ,there is authorized to be appropriated #be1jjj1jjj1 to remain available until expended1 to the ,administrator to carry out this section4 7c7 ,report ,not later than #f months after the date of enactment of this section1 and annually thereafter until the amounts authorized in subsection 7a77#e7 and subsection 7b77#c7 have been expended1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report that-- 7#a7 describes1 with respect to the initial year covered by the report1 the programs and services developed and provided by the ,administrator1 small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives in response to a public health emergency declared because of ,,covid-#ai2 and 7#b7 describes1 with respect to the subsequent years covered by the report-- 7,a7 the efforts of the ,administrator1 small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives to develop services to assist small business concerns affected by ,,covid-#ai2 7,b7 the challenges faced by owners of small business concerns in accessing services provided by the ,administrator1 small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives in response to a public health emergency declared because of ,,covid-#ai2 7,c7 the number of unique small business concerns that were served by the ,administrator1 small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives under the programs established by this section2 and 7,d7 other relevant performance data with respect to small business concerns affected by ,,covid-#ai1 including the number of employees affected1 the effect on sales of the concern1 any disruptions of supply chains1 and the efforts made by the ,administrator1 small business development centers1 women's business centers1 and chapters of the ,service ,corps of ,retired ,executives 7as applicable7 to mitigate these effects4 #af4 ,waiver of matching funds requirement under the women's business center program ,during the #c-month period beginning on the date of the enactment of this section1 the requirement relating to obtaining cash contributions from non-,federal sources under section #bi7;c77#a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;c77#a77 is waived for any recipient of assistance under such section #bi4 #ag4 ,state ,trade ,expansion ,program 7a7 ,reimbursement ,the ,administrator of the ,small ,business ,administration shall reimburse any recipient of assistance under section #bb7l7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdi7l77 for financial losses relating to a foreign trade mission or a trade show exhibition that was cancelled solely due to a public health emergency declared due to ,,covid-#ai4 7b7 ,budget plan revisions ,section #bb7l77#c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdi7l77#c77 is amended-- 7#a7 in subparagraph 7,d77i71 by inserting 1 including a budget plan for use of funds awarded under this subsection before the period at the end2 and 7#b7 by adding at the end the following new subparagraph3 7,e7 ,budget plan revisions 7i7 ,in general ,a ,state receiving a grant under this subsection may revise the budget plan of the ,state submitted under subparagraph 7,d7 after the disbursal of grant funds if-- 7,i7 the revision complies with allowable uses of grant funds under this subsection2 and 7,,ii7 such ,state submits notification of the revision to the ,associate ,administrator4 7ii7 ,exception ,if a revision under clause 7i7 reallocates #aj percent or more of the amounts described in the budget plan of the ,state submitted under subparagraph 7,d71 the ,state may not implement the revised budget plan without the approval of the ,associate ,administrator1 unless the ,associate ,administrator fails to approve or deny the revised plan within #aj days after receipt of such revised plan4 4 #ah4 ,contracting and entrepreneurial development assistance 7a7 ,purpose ,the purpose of this section is to provide-- 7#a7 flexibility to small business ,federal suppliers and to the ,federal ,government to more quickly award contracting dollars to small business concerns in times of economic uncertainty and downturn related to ,,covid-#ai2 and 7#b7 additional funds to resource partners of the ,administration1 such as small business development centers1 women's business centers1 and ,,score to conduct outreach to small business concerns affected by ,,covid-#ai1 including by increasing their virtual outreach capacity4 7b7 ,definitions ,in this section-- 7#a7 the term contracting officer has the meaning given the term in section #cf7;e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;f7e772 7#b7 the term covered entity means a small business concern that-- 7,a7 is a party to a contract with a ,federal agency2 and 7,b7 experiences an adverse impact to the operations of the small business concern as a result of ,,covid-#ai2 7#c7 the term economically disadvantaged women-owned small business has the meaning given the term in section #abg4ajb of title #ac1 ,code of ,federal ,regulations1 or any successor regulation2 7#d7 the term ,h,u,b,zone small business concern has the meaning given the term in section #ca7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;a7b772 7#e7 the term ,,score means the ,service ,corps of ,retired ,executives program established under section #h7;b77#a77;,b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b772 7#f7 the term small business concern owned and controlled by service-disabled veterans has the meaning given the term in section #c7q7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7q772 7#g7 the term small business concern owned and controlled by women has the meaning given the term in section #h7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7m772 7#h7 the term small business development center has the meaning given the term in section #c7t7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7t772 and 7#i7 the term women's business center means a women's business center described in section #bi of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef74 7c7 ,promotion of small business contracting 7#a7 ,small business contracting relief ,notwithstanding any other provision of law or regulation1 during the period beginning on the date of enactment of this section and ending on ,september #cj1 #bjba1 the head of the ,federal agency with which a covered entity has a contract shall provide the covered entity with-- 7,a7 #ij additional days to carry out the responsibilities of the covered entity under the contract2 or 7,b7 an additional amount of time to carry out the responsibilities of the covered entity under the contract that the head of the ,federal agency determines to be appropriate after taking into consideration the severity of the adverse impact experienced by the covered entity4 7#b7 ,payment continuation ,if the performance of all or any part of the work of a ,federal goods or services contract in force and effect during the period beginning on the date of enactment of this section and ending on ,september #cj1 #bjba1 is unavoidably delayed or interrupted by the small business contractor employees' inability to access ,government facilities1 systems1 or other ,government-provided resources due to restrictions related to ,,covid-#ai that have been imposed by any authority or due to orders or instructions issued by the ,contracting ,agency in response to ,,covid-#ai1 the ,government shall pay the small business contractor1 upon the submission of the documentation required by the contract and according to the terms specified in the contract1 the prices stipulated in the contract for goods or services as if the small business contractor had rendered and the ,government accepted the goods or services4 ,contractor delivery schedules shall be revised and small business contractors shall be eligible for equitable adjustments based on the revised schedules4 7#c7 ,temporary sole-source award parity among contracting programs ,notwithstanding any other provision of law or regulation1 during the period beginning on the date of enactment of this section and ending on ,september #cj1 #bjba1 with respect to a small business concern owned and controlled by women1 an economically disadvantaged women-owned small business1 a ,h,u,b,zone small business concern1 or a small business concern owned and controlled by service-disabled veterans1 a contracting officer may award a sole source contract to the small business concern if the anticipated award price of the contract will not exceed the maximum permissible amount for the contract1 as provided under the applicable provision of the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq471 as amended by this subsection4 7#d7 ,increasing sole source caps 7,a7 ,qualified hubzone small business concerns ,section #ca7;c77#b77;,a77ii7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;a7c77#b77;,a77ii77 is amended-- 7i7 in subclause 7,i71 by striking #e1jjj1jjj and inserting #aj1jjj1jjj2 and 7ii7 in subclause 7,,ii71 by striking #c1jjj1jjj and inserting #h1jjj1jjj4 7,b7 ,small business concerns owned and controlled by service-disabled veterans ,section #cf7;a77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #feg;f7a77#b77 is amended-- 7i7 in subparagraph 7,a71 by striking #e1jjj1jjj and inserting #aj1jjj1jjj2 and 7ii7 in subparagraph 7,b71 by striking #c1jjj1jjj and inserting #h1jjj1jjj4 7,c7 ,small business concerns owned and controlled by socially and economically disadvantaged individuals ,section #h7;a77#a77;,d77i77,,ii7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;a77#a77;,d77i77,,ii77 is amended-- 7i7 by striking #e1jjj1jjj and inserting #aj1jjj1jjj2 and 7ii7 by striking #c1jjj1jjj and inserting #h1jjj1jjj4 7,d7 ,certain small business concerns owned and controlled by women ,section #h7m7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7m77 is amended-- 7i7 in paragraph 7#g77;,b7-- 7,i7 in clause 7i71 by striking #f1ejj1jjj and inserting #aj1jjj1jjj2 and 7,,ii7 in clause 7ii71 by striking #d1jjj1jjj and inserting #h1jjj1jjj2 and 7ii7 in paragraph 7#h77;,b7-- 7,i7 in clause 7i71 by striking #f1ejj1jjj and inserting #aj1jjj1jjj2 and 7,,ii7 in clause 7ii71 by striking #d1jjj1jjj and inserting #h1jjj1jjj4 7#e7 ,prompt ,payments of ,small ,business ,contractors ,notwithstanding any other provision of law or regulation1 during the period beginning on the date of enactment of this section and until the invocation of the ,defense ,production ,act on ,march #ah1 #bjbj1 by the ,president is repealed or rescinded-- 7,a7 for a prime contractor 7as defined in section #hgja of title #da7 that is a small business concern 7as defined in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb771 require that the head of an agency1 to the fullest extent permitted by law and to the maximum extent practicable1 establish an accelerated payment date of #ae days after receipt of a proper invoice for the amount due2 and 7,b7 for a prime contractor that subcontracts with a small business concern1 require that the head of an agency1 to the fullest extent permitted by law and to the maximum extent practicable1 establish an accelerated payment date of #ae days after receipt of a proper invoice for the amount due if the prime contractor agrees to make payments to the subcontractor in accordance with the accelerated payment date1 to the maximum extent practicable1 without any further consideration from or fees charged to the subcontractor4 7#f7 #h7;a7 extension ,the ,administrator of the ,small ,business ,administration shall allow a participant in the program established under section #h7;a7 of the ,small ,business ,act on the date of enactment of this section to extend such participation by a period of #a year4 #ai4 ,resources and services in languages other than ,english 7a7 ,in general ,the ,administrator of the ,small ,business ,administration shall provide resources and services to small business concerns 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb77 in the #aj most commonly spoken languages1 other than ,english1 in the ,united ,states1 which shall include ,mandarin1 ,cantonese1 ,japanese1 and ,korean4 7b7 ,authorization of appropriations ,there is authorized to be appropriated to the ,administrator of the ,small ,business ,administration #be1jjj1jjj to carry out this section4 #bj4 ,authorization of appropriations for personnel ,there is authorized to be appropriated #bjj1jjj1jjj to the ,administrator of the ,small ,business ,administration for purposes of hiring staff to carry out the requirements of this ,act4