,,ii  #aafth ,,congress  #ast ,session  
,s4 #bach  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ag1     
#bjai ,mr4 ,cardin introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to waive participant fees on   
small-dollar and veteran ,express loans 
in the largest loan program of the      
,small ,business ,administration to     
close the capital gap for underserved   
business owners1 and for other purposes4
  #a4 ,short title  ,this ,act may be   
cited as the ,small-,dollar and         
,veterans ,loans ,enhancement ,act4  #b4
 ,fee waiver exceptions for small-dollar
 and veteran express loans  7a7 ,in     
general ,section #g7;a7 of the ,small   
,business ,act 7#ae ,u4,s4,c4 #fcf7;a77 
is amended-- 7#a7 in paragraph          
7#ah77;,a71 in the matter preceding     
clause 7i71 by striking ,with respect   
and inserting ,except as provided in    
paragraph 7#cf71 with respect2  7#b7 in 

paragraph 7#bc77;,a71 by striking ,with 
respect and inserting ,except as        
provided in paragraph 7#cf71 with       
respect2  7#c7 in paragraph             
7#ca77;,g77ii71 by striking ,if and     
inserting ,except as provided in        
paragraph 7#cf71 if2 and  7#d7 by adding
 at the end the following3  7#cf7       
,guarantee and yearly fee waivers for   
small-dollar loans  7,a7 ,definition ,in
 this paragraph1 the term cost has the  
meaning given the term in section #ejb  
of the ,federal ,credit ,reform ,act of 
#aiij 7#b ,u4,s4,c4 #ffa;a74  7,b7      
,waiver or reduction in fees ,in each   
fiscal year1 to the extent that the cost
 of such elimination or reduction of    
fees is offset by appropriations1 the   
,administrator shall--  7i7 with respect
 to each loan guaranteed under this     
subsection that is not more than        
#aej1jjj--  7,i7 in lieu of the fee     
otherwise applicable under paragraph    
7#ah77;,a71 collect no fee or reduce    
fees to the maximum extent possible2 and

  7,,ii7 in lieu of the fee otherwise   
applicable under paragraph 7#bc77;,a71  
collect no fee or reduce fees to the    
maximum extent possible2 and  7ii7 in   
lieu of the fee otherwise applicable    
under paragraph 7#ah77;,a7 to veterans  
or spouses of veterans in connection    
with a loan made under paragraph 7#ca71 
based on paragraph 7#ca77;,g77ii71      
collect no fee or reduce fees to the    
maximum extent possible4  7,c7          
,application of fee relief ,if the      
,administrator is required to waive or  
reduce fees under subparagraph 7,b7--   
7i7 the ,administrator shall first use  
any amounts provided to eliminate or    
reduce fees under paragraph 7#ah77;,a7  
paid by veterans or spouses of veterans 
in connection with a loan made under    
paragraph 7#ca71 to the maximum extent  
possible2  7ii7 the ,administrator shall
 then use any amounts provided to       
eliminate or reduce fees paid by small  
business borrowers under clauses 7i7    
through 7iii7 of paragraph 7#ah77;,a71  

to the maximum extent possible2 and     
7iii7 the ,administrator shall then use 
any amounts provided to eliminate or    
reduce fees under paragraph 7#bc77;,a7  
paid by small business lenders4  7,d7   
,independent cost estimate ,not later   
than #cj days after the date on which   
the ,president submits a budget under   
section #aaje7;a7 of title #ca1 ,united 
,states ,code1 the ,congressional       
,budget ,office shall submit to the     
,committee on ,small ,business and      
,entrepreneurship of the ,senate and the
 ,committee on ,small ,business of the  
,administration an estimate of the cost 
of providing fee waivers or reductions  
through appropriations under            
subparagraph 7,b74  4  7b7              
,applicability ,the amendments made by  
this section shall apply to each loan   
guaranteed by the ,small ,business      
,administration under section #g7;a7 of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77 for which the application is 
approved on or after the date of        

enactment of this ,act4