,,ii  #aaf? ,,congress  #b;d ,session   
,s4 #cgah  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ac1 #bjbj,ms4    
,cantwell 7= h]self1 ,mr4 ,boozman1 ,ms4
 ,klobu*>1 ,ms4 ,ern/1 & ,mr4 ,s*um]7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to exp& ! waiv] ( affiliation rules =  
c]ta9 bus9ess conc]ns ) m ?an #a        
physical location1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,local ,news & ,em]g5cy ,in=mation    
,act ( #bjbj4  #b4 ,am5dm5ts to !       
,pay*eck ,protection ,program ,section  
#g7;a77#cf77;,d7 ( ! ,small ,bus9ess    
,act 7#ae ,u4,s4,c4 #fcf7;a77#cf77;,d77 
is am5d$-- 7#a7 9 clause 7iii7-- 7,a7 by
 /rik+ bus9ess conc]n t employs & ins]t+
 ! foll[+3 bus9ess conc]n t-- 7,i7      
employs  2  7,b7 9 subclause 7,i71 by   
/rik+ ! p]iod at ! end & ins]t+ 2 or2 & 
7,c7 by add+ at ! end ! foll[+3  7,,ii7 
is assign$ a ,nor? ,am]ican ,indu/ry    
,classification ,sy/em code beg9n+ )    

#eaaaaj1 #eaeaab1 or #eaeabj at ! "t (  
disbursal %all be eligible to receive a 
cov]$ loan = bus9ess exp5ses ( ! bus9ess
 conc]n t are associat$ ) an individual 
physical location ( t bus9ess conc]n1   
provid$ t-- 7aa7 ! proce$s ( ! loan are 
us$ to support exp5ses associat$ ) !    
cont9u$ provision ( local news1         
in=mation1 cont5t1 or em]g5cy in=mation2
 &  7bb7 at ! "t ( disbursal1 !         
individual physical location does n     
exce$ ! size /&>d e/abli%$ by !         
,adm9i/rator = ! applicable code4  2    
7#b7 9 clause 7iv7-- 7,a7 9 subclause   
7,,ii71 by /rik+ & at ! end2  7,b7 9    
subclause 7,,iii71 by /rik+ ! p]iod at !
 end & ins]t+ 2 &2 &  7,c7 by add+ at ! 
end ! foll[+3  7,,iv7 an individual     
physical location ( a bus9ess conc]n t1 
z ( ! date on :i* ! cov]$ loan is       
disburs$1 is assign$ a ,nor? ,am]ican   
,indu/ry ,classification ,sy/em code    
beg9n+ ) #eaaaaj1 #eaeaab1 or #eaeabj & 
does n exce$ ! size /&>d e/abli%$ by !  
,adm9i/rator = ! applicable code1       

provid$ t1 z a condition ( ! waiv] "u   
?is subclause1 ! bus9ess conc]n %all n  
pay1 di/ribute1 or o!rwise provide !    
cov]$ loan or any portion ( ! cov]$ loan
 to any o!r entity o!r ?an ! individual 
physical location t is ! int5d$ recipi5t
 ( ! cov]$ loan4  2 &  7#c7 by add+ at !
 end ! foll[+3  7vii7 ,treatm5t ( c]ta9 
bus9ess conc]ns  7,i7 ,9 g5]al ,a       
bus9ess conc]n t is assign$ a ,nor?     
,am]ican ,indu/ry ,classification ,sy/em
 ,code beg9n+ ) #eaaaaj1 #eaeaab1 or    
#eaeabj at ! "t ( disbursal ( a cov]$   
loan & is a fran*isee or affiliate ( or 
own$ or controll$ by a p>5t company or  
an inve/m5t company1 or managem5t !re(1 
%all be treat$ z an indep5d5t1          
non-affiliat$ entity ^u c]tification to 
! ,adm9i/rator t ! reque/ = ! cov]$ loan
 is necess>y to support exp5ses         
associat$ ) ! cont9u$ provision ( local 
news1 in=mation1 cont5t1 or em]g5cy     
in=mation4  7,,ii7 ,report ,!           
,adm9i/rator & ! ,secret>y ( ! ,treasury
 %all submit to ! ,committee on ,small  

,bus9ess & ,entrepr5eur%ip ( ! ,s5ate1 !
 ,committee on ,small ,bus9ess ( ! ,h\se
 ( ,repres5tatives1 & ! ,congressional  
,ov]sight ,commission e/abli%$ "u       
section #djbj ( division ,b ( ! ,,c>es  
,act 7,public ,law #aaf-acf7 a report   
reg>d+ cov]$ loans made to bus9ess      
conc]ns describ$ 9 subclause 7,i74  4