#aaf? ,,congress  #b;d ,session  ,h4 ,r4
 #haii  ,,an ,,act  ,to am5d ! ,small   
,bus9ess ,act to enhance ! ,(fice (     
,cr$it ,risk ,managem5t1 to require !   
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration to issue rules relat+ to  
environm5tal obligations ( c]tifi$      
developm5t companies1 & = o!r purposes4 
#a4 ,%ort title ,?is ,act may be cit$ z 
! #ejd ,cr$it ,risk ,managem5t          
,improvem5t ,act ( #bjbj4  #b4          
,enhancem5ts to ! ,(fice ( ,cr$it ,risk 
,managem5t ,section #dg ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4 #fegt7 is  
am5d$--  7#a7 by /rik+ subsection 7b7 & 
ins]t+ ! foll[+3  7b7 ,duties ,!        
,(fice--  7#a7 %all be responsible =--  
7,a7 sup]vis+--  7i7 any l5d] mak+ loans
 "u section #g7;a7 79 ?is section ref]r$
 to z a #g7;a7 l5d]72  7ii7 any ,l5d+   
,p>tn] or ,int]m$i>y p>ticipant ( !     
,adm9i/ration 9 a l5d+ program ( !      
,(fice ( ,capital ,access ( !           
,adm9i/ration2  7iii7 any small bus9ess 
l5d+ company or a non-,f$]ally regulat$ 

l5d] )\t reg>d to ! requirem5ts (       
section #bc2 &  7iv7 any c]tifi$        
developm5t company describ$ "u ! program
 e/abli%$ "u title ,v ( ! ,small        
,bus9ess ,inve/m5t ,act ( #aieh 7ref]r$ 
to 9 ?is section z a c]tifi$ developm5t 
company71 z provid$ 9 subsection 7k72 & 
7,b7 conduct+ file reviews ) respect to 
loan clos+s "u ! program e/abli%$ "u    
title ,v ( ! ,small ,bus9ess ,inve/m5t  
,act ( #aieh1 z provid$ 9 subsection    
7j72 &  7#b7 may--  7,a7 take =mal &    
in=mal en=cem5t actions aga9/ a c]tifi$ 
developm5t company1 z provid$ 9         
subsection 7l72 &  7,b7 *>ge a c]tifi$  
developm5t company a fee1 z provid$ 9   
subsection 7m74  2 &  7#b7 by add+ at ! 
end ! foll[+ new subsections3  7j7 ,loan
 clos+ file reviews ,) respect to a loan
 clos+ "u ! program e/abli%$ "u title ,v
 ( ! ,small ,bus9ess ,inve/m5t ,act (   
#aieh1 ! ,(fice %all be responsible = ! 
foll[+3  7#a7 ,conduct+ a complete file 
review ( a r&om selection ( all loan    
clos+s1 ! numb]1 frequ5cy1 & conduct (  

:i* %all be at ! discretion ( ! ,(fice1 
to ensure program integrity1 includ+ a  
review ( ! items li/$ on ! ,*eckli/ =   
,complete ,file ,review conta9$ 9 !     
appropriate =m ( ! ,adm9i/ration4  7#b7 
,n lat] ?an #fj days aft] ! date on :i* 
ea* complete file review conduct$ "u    
p>agraph 7#a7 is complet$1 prep>+ a     
writt5 report docum5t+ ! results ( t    
review1 :i* ! ,(fice %all s5d to--  7,a7
 ! applicable c]tifi$ developm5t        
company2  7,b7 ! designat$ attorney t   
clos$ ! loan = ! c]tifi$ developm5t     
company2 &  7,c7 ! ,comm]cial ,loan     
,s]vice ,c5t]4  7#c7 ,if a complete file
 review conduct$ "u p>agraph 7#a7       
reveals a defici5cy t c\ld result 9 a   
loss to ! ,adm9i/ration1 requir+ !      
applicable c]tifi$ developm5t company or
 ! designat$ attorney to promptly       
correct ! defici5cy4  7k7 ,sup]vision ( 
c]tifi$ developm5t companies ,) respect 
to ! sup]vision ( c]tifi$ developm5t    
companies-- 7#a7 an employee ( ! ,(fice 
%all--  7,a7 be pres5t =1 & sup]vise1 ! 

review ( any su* company t is conduct$  
by a contractor ( ! ,(fice on ! premises
 ( ! company2 &  7,b7 sup]vise ! review 
( any su* company t is conduct$ by a    
contractor ( ! ,(fice t is n conduct$ on
 ! premises ( ! company2 &  7#b7 !      
,adm9i/rator %all-- 7,a7 develop a      
timel9e = ! review by ! ,(fice ( c]tifi$
 developm5t companies & ! submission (  
reports reg>d+ ^? reviews1 "u :i* !     
,adm9i/rator %all--  7i7 submit to a    
c]tifi$ developm5t company a writt5     
report ( any review ( ! company n lat]  
?an #ij days aft] ! date on :i* ! review
 is conclud$2 or  7ii7 if ! ,adm9i/rator
 expects to submit ! report aft] ! end (
 ! #ij-;day p]iod describ$ 9 clause 7i71
 notify ! company ( ! expect$ date (    
submission ( ! report & ! reason = !    
delay2 &  7,b7 if a response by a       
c]tifi$ developm5t company is reque/$ 9 
a report submitt$ "u subp>agraph        
7,a77i71 require ! company to submit    
responses to ! ,adm9i/rator n lat] ?an  
#de bus9ess days aft] ! date on :i* !   

company receives ! report4  7l7         
,en=cem5t au?ority aga9/ c]tifi$        
developm5t companies  7#a7 ,in=mal      
en=cem5t au?ority ,! ,director may take 
an in=mal en=cem5t action aga9/ a       
c]tifi$ developm5t company if !         
,director f9ds t ! company has violat$ a
 /atutory or regulatory requirem5t or   
any requirem5t 9 a ,/&>d ,op]at+        
,proc$ures ,manual or ,policy ,notice   
relat+ to a program or function ( !     
,(fice ( ,capital ,access4  7#b7 ,=mal  
en=cem5t au?ority  7,a7 ,9 g5]al ,) !   
approval ( ! ,l5d] ,ov]sight ,committee 
e/abli%$ "u section #dh1 ! ,director may
 take a =mal en=cem5t action aga9/ any  
c]tifi$ developm5t company if !         
,director f9ds t ! company has violat$--
 7i7 a /atutory or regulatory           
requirem5t1 includ+ a requirem5t relat+ 
to ! necess>y funds = mak+ loans :5 ^?  
funds are n made available to ! company 
f private s\rces on reasonable t]ms2 or 
7ii7 any requirem5t describ$ 9 a ,/&>d  
,op]at+ ,proc$ures ,manual or ,policy   

,notice relat+ to a program or function 
( ! ,(fice ( ,capital ,access4  7,b7    
,en=cem5t actions ,! decision to take an
 en=cem5t action aga9/ a c]tifi$        
developm5t company "u subp>agraph 7,a7  
%all be bas$ on ! sev]ity or frequ5cy ( 
! violation & may include assess+ a     
civil monet>y p5alty aga9/ ! company 9  
an am\nt t is n great] ?an #bej1jjj4    
7#c7 ,failure to submit annual report ,)
 respect to a c]tifi$ developm5t company
 t1 z ( ! date t is #cj days aft] ! date
 on :i* ! company is requir$ to submit  
any report1 fails to submit t report1 ! 
,director may-- 7,a7 susp5d ! company f 
p>ticipat+ 9 ! program e/abli%$ "u title
 ,v ( ! ,small ,bus9ess ,inve/m5t ,act (
 #aieh = a p]iod t is n long] ?an #cj   
days2 or  7,b7 impose a p5alty on !     
company 9 an am\nt to be det]m9$ by !   
,director1 except t ! am\nt ( ! p5alty  
%all be n m ?an #aj1jjj4  7m7 ,fee      
au?ority reg>d+ c]tifi$ developm5t      
companies  7#a7 ,9 g5]al ,effective "o  
ye> aft] ! date ( ! enactm5t ( ?is      

subsection1 ! ,(fice may collect f ea*  
c]tifi$ developm5t company a fee1 !     
am\nt ( :i*--  7,a7 %all be det]m9$ on a
 graduat$ scale accord+ to ! size ( !   
portfolio ( ! c]tifi$ developm5t company
 ) respect to ! program c>ri$ out "u    
title ,v ( ! ,small ,bus9ess ,inve/m5t  
,act ( #aieh2 &  7,b7 %all n exce$ !    
am\nt t is #a basis po9t ) respect to ! 
value ( ! portfolio describ$ 9          
subp>agraph 7,a74  7#b7 ,paym5t ,a      
c]tifi$ developm5t company on :i* a fee 
is impos$ "u p>agraph 7#a7 %all pay !   
fee f ! s]vic+ fees collect$ by !       
developm5t company pursuant to          
regulation4  4  #c4 ,rules relat+ to    
obligations ( c]tifi$ developm5t        
companies "u ! ,national ,environm5tal  
,policy ,act  7a7 ,9 g5]al ,n lat] ?an  
#ahj days aft] ! date ( ! enactm5t ( ?is
 ,act1 ! ,adm9i/rator ( ! ,small        
,bus9ess ,adm9i/ration %all issue rules 
to cl>ify ! proc$ures necess>y = an     
eligible c]tifi$ developm5t company to  
comply ) ! applicable requirem5ts "u    

,national ,environm5tal ,policy ,act (  
#aifi 7#db ,u4,s4,c4 #dcba et seq474    
7b7 ,rule ( con/ruction ,no?+ 9 ?is     
section %all be con/ru$ to modify !     
requirem5ts ( ! ,national ,environm5tal 
,policy ,act ( #aifi 7#db ,u4,s4,c4     
#dcba et seq474  7c7 ,eligible c]tifi$  
developm5t company def9$ ,9 ?is section1
 ! t]m eligible c]tifi$ developm5t      
company means a c]tifi$ developm5t      
company def9$ "u title ,v ( ! ,small    
,bus9ess ,inve/m5t ,act ( #aieh 7#ae    
,u4,s4,c4 #fie et seq47 t receives      
assi/ance pursuant to su* title4  #d4   
,det]m9ation ( budget>y effects ,!      
budget>y effects ( ?is ,act1 = ! purpose
 ( comply+ ) ! ,/atutory ,pay-,z-,y-,g  
,act ( #bjaj1 %all be det]m9$ by ref]5ce
 to ! late/ /atem5t titl$ ,budget>y     
,effects ( ,,paygo ,legislation = ?is   
,act1 submitt$ = pr9t+ 9 !              
,congressional ,record by ! ,*airman ( !
 ,h\se ,budget ,committee1 provid$ t su*
 /atem5t has be5 submitt$ prior to !    
vote on passage4  ,pass$ ! ,h\se (      

,repres5tatives ,decemb] #c1            
#bjbj4;,cl]k4