,,ii #aaf? ,,congress #b;d ,session ,s4 #dbbg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,july #bj1 #bjbj,ms4 ,ros5 7= h]self & ,mr4 ,cornyn7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to improve access to economic injury disa/] loans & em]g5cy advances "u ! ,,c>es ,act1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,ensur+ ,increas$ ,disa/] ,loans = ,small ,bus9esses ,act or ! ,,eidl = ,small ,bus9esses ,act4 #b4 ,def9itions ,9 ?is ,act1 ! t]ms ,adm9i/ration & ,adm9i/rator mean ! ,small ,bus9ess ,adm9i/ration & ! ,adm9i/rator !re(1 respectively4 #c4 ,economic injury disa/] loans 7a7 ,loans = new borr[]s ,) respect to an economic injury disa/] loan made "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is ,act & end+ on ,decemb] #ca1 #bjbj or su* lat] date z ! ,adm9i/rator may det]m9e1 ! ,adm9i/rator %all n impose a maximum loan am\nt limit t is l[] ?an #b1jjj1jjj4 7b7 ,additional loan = exi/+ borr[]s 7#a7 ,9 g5]al ,a recipi5t ( an economic disa/] injury loan made "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 dur+ ! p]iod beg9n+ on ,janu>y #ca1 #bjbj & end+ on ,decemb] #ca1 #bjbj or su* lat] date z ! ,adm9i/rator may det]m9e may submit to ! ,adm9i/ration a reque/ = an additional am\nt to increase 9 ! am\nt ( t loan 9 an am\nt reque/$ by ! applicant1 provid$ t ! aggregate am\nt receiv$ "u su* section by ! recipi5t dur+ t p]iod %all be n m ?an #b1jjj1jjj4 7#b7 ,consid]ation ,9 consid]+ a reque/ submitt$ "u p>agraph 7#a71 ! ,adm9i/rator-- 7,a7 %all issue a det]m9ation bas$ on ! docum5tation submitt$ by ! applicant = ! initial loan "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b772 & 7,b7 %all n require ! applicant to submit additional docum5tation4 7c7 ,,eidl advances ,section #aaaj7;e77#c7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijji7;e77#c77 is am5d$-- 7#a7 by /rik+ ,! & ins]t+ ! foll[+3 7,a7 ,9 g5]al ,! 2 7#b7 9 subp>agraph 7,a71 z s designat$1 by /rik+ n m ?an2 & 7#c7 by add+ at ! end ! foll[+3 7,b7 ,no approval necess>y ,! ,adm9i/rator %all provide to an applicant an advance "u ?is subsection n lat] ?an #c days aft] ! applicant submits ! application "u p>agraph 7#a7 reg>dless ( :e!r ! application ( ! applicant = a loan "u section #g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77#b77 has be5 approv$ by t date4 7,c7 ,additional am\nt ,) respect to any recipi5t ( an advance "u ?is subsection be=e ! date ( enactm5t ( ! ,ensur+ ,increas$ ,disa/] ,loans = ,small ,bus9esses ,act ( less ?an #aj1jjj1 ! ,adm9i/rator %all1 n lat] ?an #ae days aft] ! date ( enactm5t ( t ,act1 provide to ! recipi5t an additional advance su* t ! total am\nt receiv$ by ! recipi5t is #aj1jjj4 4 7d7 ,mon?ly report ,n lat] ?an #a mon? aft] ! date ( enactm5t ( ?is ,act1 & e mon? !reaft]1 ! ,adm9i/rator %all submit to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,small ,bus9ess & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives a report on1 = ! mon? cov]$ by ! report-- 7#a7 ! /atus ( ! appropriations acc\nt "u ! head+ ,small ,bus9ess ,adm9i/ration--,disa/] ,loans ,program ,acc\nt1 includ+ all obligations1 allocations1 & am\nts undi/ribut$ or unallocat$2 7#b7 ! allocations1 obligations1 & exp5ditures f t acc\nt = all decl>$ disa/]s "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b772 & 7#c7 an e/imate ( :5 available appropriations 9 t acc\nt w be exhau/$4 7e7 ,appropriations 7#a7 ,,eidl ,!re is appropriat$1 out ( am\nts 9 ! ,treasury n o!rwise appropriat$1 = an additional am\nt "u ! head+ ,small ,bus9ess ,adm9i/ration--,disa/] ,loans ,program ,acc\nt = ! co/ ( direct loans au?oriz$ by section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b771 #ajj1jjj1jjj1jjj1 to rema9 available until exp5d$1 to prev5t1 prep>e =1 & respond to coronavirus1 dome/ically or int]nationally4 7#b7 ,,eidl advances 7,a7 ,au?orization ( appropriations ,section #aaaj7;e77#g7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijji7;e77#g77 is am5d$ by /rik+ #bj1jjj1jjj1jjj & ins]t+ #ajj1jjj1jjj1jjj4 7,b7 ,direct appropriations ,!re is appropriat$1 out ( am\nts 9 ! ,treasury n o!rwise appropriat$1 = an additional am\nt "u ! head+ ,small ,bus9ess ,adm9i/ration--,em]g5cy ,,eidl ,grants = ! co/ ( em]g5cy economic injury disa/] loan grants au?oriz$ by section #aaaj7;e7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijji7;e771 #hj1jjj1jjj1jjj1 to rema9 available until exp5d$1 to prev5t1 prep>e =1 & respond to coronavirus1 dome/ically or int]nationally4 7#c7 ,em]g5cy designation 7,a7 ,9 g5]al ,! am\nts provid$ "u ?is subsection are designat$ z an em]g5cy requirem5t pursuant to section #d7;g7 ( ! ,/atutory ,pay-,z-,y-,g ,act ( #bjaj 7#b ,u4,s4,c4 #icc7;g774 7,b7 ,designation 9 s5ate ,9 ! ,s5ate1 ?is subsection is designat$ z an em]g5cy requirem5t pursuant to section #daab7;a7 ( ,h4 ,con4 ,res4 #ga 7#aae? ,congress71 ! concurr5t resolution on ! budget = fiscal ye> #bjah4