,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #ceai  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ah1 #bjbj,mr4    
,coons 7= himself1 ,mr4 ,c>d91 ,ms4     
,klobu*>1 ,ms4 ,duckwor?1 ,mr4 ,wyd51   
,mr4 ,m>key1 ,mrs4 ,%ahe51 ,mr4 ,te/]1  
,mrs4 ,gillibr&1 ,mr4 ,k+1 ,ms4 ,hirono1
 & ,ms4 ,hassan7 introduc$ ! foll[+     
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,small ,bus9ess &         
,entrepr5eur%ip  ,a ,,bill  ,to au?orize
 ! ,adm9i/rator ( ! ,small ,bus9ess     
,adm9i/ration to subsidize paym5ts on   
loans gu>ante$ "u ! #g7;a7 & #ejd loan  
programs or made us+ funds "u !         
microloan program1 & = o!r purposes4    
#a4 ,subsidy = c]ta9 loan paym5ts  7a7  
,def9itions ,9 ?is section-- 7#a7 ! t]ms
 ,adm9i/ration & ,adm9i/rator mean !    
,small ,bus9ess ,adm9i/ration & !       
,adm9i/rator !re(2 &  7#b7 ! t]m cov]$  
loan means a loan t is-- 7,a7 gu>ante$  
by ! ,adm9i/ration "u-- 7i7 section     
#g7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcf7;a771 includ+ a loan made

 "u ! ,community ,advantage ,pilot      
,program ( ! ,adm9i/ration2 or  7ii7    
title ,v ( ! ,small ,bus9ess ,inve/m5t  
,act ( #aieh 7#ae ,u4,s4,c4 #fie et     
seq472 or  7,b7 made by an int]m$i>y to 
a small bus9ess conc]n 7z def9$ 9       
section #c ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fcb77 us+ loans or grants   
receiv$ "u section #g7m7 ( ! ,small     
,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m774  
7b7 ,s5se ( ,congress ,x is ! s5se (    
,congress t-- 7#a7 all borr[]s are      
adv]sely affect$ by ,,covid-#ai2  7#b7  
relief paym5ts by ! ,adm9i/ration are   
appropriate = all borr[]s2 &  7#c7 9    
addition to ! relief provid$ "u ?is     
,act1 ! ,adm9i/ration %\ld enc\rage     
l5d]s to provide paym5t def]m5ts1 :5    
appropriate1 & to ext5d ! maturity (    
cov]$ loans1 s z to avoid balloon       
paym5ts or any requirem5t = increases 9 
debt paym5ts result+ f def]m5ts provid$ 
by l5d]s dur+ ! p]iod ( ! national      
em]g5cy decl>$ by ! ,presid5t "u !      
,national ,em]g5cies ,act 7#ej ,u4,s4,c4

 #afja et seq47 ) respect to !          
,coronavirus ,disease #bjai             
7,,covid-#ai74  7c7 ,pr9cipal & int]e/  
paym5ts  7#a7 ,9 g5]al ,! ,adm9i/rator  
%all pay ! pr9cipal1 int]e/1 & any      
associat$ fees t are ow$ on a cov]$ loan
 9 a regul> s]vic+ /atus-- 7,a7 )       
respect to a cov]$ loan made be=e ! date
 ( enactm5t ( ?is ,act & n on def]m5t1 =
 ! #f-mon? p]iod beg9n+ ) ! next paym5t 
due on ! cov]$ loan2  7,b7 ) respect to 
a cov]$ loan made be=e ! date ( enactm5t
 ( ?is ,act & on def]m5t1 = ! #f-mon?   
p]iod beg9n+ ) ! next paym5t due on !   
cov]$ loan aft] ! def]m5t p]iod2 &  7,c7
 ) respect to a cov]$ loan made dur+ !  
p]iod beg9n+ on ! date ( enactm5t ( ?is 
,act & end+ on ! date t is #f mon?s aft]
 su* date ( enactm5t1 = ! #f-mon? p]iod 
beg9n+ ) ! fir/ paym5t due on ! cov]$   
loan4  7#b7 ,tim+ ( paym5t ,!           
,adm9i/rator %all beg9 mak+ paym5ts "u  
p>agraph 7#a7 on a cov]$ loan n lat] ?an
 #cj days aft] ! date on :i* ! fir/ su* 
paym5t is due4  7#c7 ,application (     

paym5t ,any paym5t made by !            
,adm9i/rator "u p>agraph 7#a7 %all be   
appli$ to ! cov]$ loan su* t ! borr[] is
 reliev$ ( ! obligation to pay t am\nt4 
7d7 ,o!r requirem5ts ,! ,adm9i/rator    
%all-- 7#a7 communicate & coord9ate ) ! 
,f$]al ,deposit ,insurance ,corporation1
 ! ,(fice ( ! ,comptroll] ( ! ,curr5cy1 
& ,/ate bank regulators to enc\rage ^?  
entities to n require l5d]s to increase 
_! res]ves on acc\nt ( receiv+ paym5ts  
made by ! ,adm9i/rator "u subsection    
7c72  7#b7 waive /atutory limits on     
maximum loan maturities = any cov]$ loan
 durations :]e ! l5d] provides a def]ral
 & ext5ds ! maturity ( cov]$ loans dur+ 
! #a-ye> p]iod foll[+ ! date ( enactm5t 
( ?is ,act2 &  7#c7 :5 necess>y to      
provide m "t because ( ! pot5tial (     
high] volumes1 travel re/rictions1 & !  
inability to access "s prop]ties dur+ ! 
,,covid-#ai p&emic1 ext5d l5d] site     
visit requirem5ts to-- 7,a7 n m ?an #fj 
days 7:i* may be ext5d$ at ! discretion 
( ! ,adm9i/ration7 aft] ! occurr5ce ( an

 adv]se ev5t1 o!r ?an a paym5t default1 
caus+ a loan to be classifi$ z 9        
liquidation2 &  7,b7 n m ?an #ij days   
aft] a paym5t default4  7e7 ,rule (     
con/ruction ,no?+ 9 ?is section may be  
con/ru$ to limit ! au?ority ( !         
,adm9i/rator to make paym5ts pursuant to
 subsection 7c7 ) respect to a cov]$    
loan solely because ! cov]$ loan has be5
 sold 9 ! second>y m>ket4  7f7          
,au?orization ( appropriations ,!re is  
au?oriz$ to be appropriat$ to !         
,adm9i/rator #af1hjj1jjj1jjj to c>ry out
 ?is section4