,,ii  #aafth ,,congress  #b;d ,session  
,s4 #dhag  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,october #bj   
7legislative day1 ,october #ai71        
#bjbj,mr4 ,rubio 7for himself1 ,mr4     
,risch1 ,ms4 ,collins1 and ,mr4 ,hawley7
 introduced the following bill2 which   
was read twice and referred to the      
,committee on ,small ,business and      
,entrepreneurship  ,a ,,bill  ,to modify
 the #g7;a7 loan guaranty program of the
 ,small ,business ,administration1 and  
for other purposes4  #a4 ,short title   
,this ,act may be cited as the ,small   
,business ,access to ,recovery ,capital 
,act4  #b4 ,changes to the #g7;a7 loan  
guaranty program  7a7 ,fee waiver       
,during the #a-year period following the
 date of enactment of this ,act1 and to 
the extent that the cost of such        
elimination or reduction of fees is     
offset by appropriations1 with respect  
to each loan guaranteed under section   
#g7;a7 of the ,small ,business ,act 7#ae
 ,u4,s4,c4 #fcf7;a77-- 7#a7 in lieu of  

the fee otherwise applicable under      
section #g7;a77#bc77;,a7 of the ,small  
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#bc77;,a771 the ,administrator 
shall collect no fee or reduce fees to  
the maximum extent possible2 and  7#b7  
for which the application is approved on
 or after the date of enactment of this 
,act1 the ,administrator shall1 in lieu 
of the fee otherwise applicable under   
section #g7;a77#ah77;,a7 of the ,small  
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#ah77;,a771 collect no fee or  
reduce fees to the maximum extent       
possible4  7b7 ,guarantee amount  7#a7  
,in general ,section #g7;a77#b7 of the  
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;a77#b77 is amended-- 7,a7 in the  
matter preceding subparagraph 7,a71 by  
striking 7,e71 and 7,f7 and inserting   
and 7,e72  7,b7 in subparagraph 7,a71 by
 striking equal to-- and all that       
follows through the end of the          
subparagraph and inserting equal to #ie 
percent of the balance of the financing 

outstanding at the time of disbursement 
of the loan42  7,c7 by striking         
subparagraphs 7,d7 and 7,e7 and         
inserting the following3  7,d7          
,participation under the express loan   
program ,in an agreement to participate 
in a loan on a deferred basis under     
paragraph 7#ca71 the participation by   
the ,administration shall be equal to-- 
7i7 #ge percent of the balance of the   
financing outstanding at the time of    
disbursement of the loan1 if such       
balance exceeds #aej1jjj2 or  7ii7 #he  
percent of the balance of the financing 
outstanding at the time of disbursement 
of the loan1 if such balance is less    
than or equal to #aej1jjj4  2 and  7,d7 
by redesignating subparagraph 7,f7 as   
subparagraph 7,e74  7#b7 ,prospective   
repeal ,effective #a year after the date
 of enactment of this ,act1 section     
#g7;a77#b7 of the ,small ,business ,act 
7#ae ,u4,s4,c4 #fcf7;a77#b77 is         
amended-- 7,a7 in the matter preceding  
subparagraph 7,a71 by striking and 7,e7 

and inserting 7,e71 and 7,f72  7,b7 in  
subparagraph 7,a71 by striking equal to 
#ie percent of the balance of financing 
outstanding at the time of disbursement 
of the loan4 and inserting 8equal to--  
7i7 #ge percent of the balance of the   
financing outstanding at the time of    
disbursement of the loan1 if such       
balance exceeds #aej1jjj2 or  7ii7 #he  
percent of the balance of the financing 
outstanding at the time of disbursement 
of the loan1 if such balance is less    
than or equal to #aej1jjj4  2  7,c7 by  
redesignating subparagraph 7,e7 as      
subparagraph 7,f72 and  7,d7 by striking
 subparagraph 7,d7 and inserting the    
following3  7,d7 ,participation under   
export working capital program ,in an   
agreement to participate in a loan on a 
deferred basis under the ,export        
,working ,capital ,program established  
pursuant to paragraph 7#ad77;,a71 such  
participation by the ,administration    
shall be #ij percent4  7,e7             
,participation in international trade   

loan ,in an agreement to participate in 
a loan on a deferred basis under        
paragraph 7#af71 the participation by   
the ,administration may not exceed #ij  
percent4  4  7c7 ,maximum loan amount   
7#a7 ,in general ,section #g7;a77#c7 of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77#c77 is amended-- 7,a7 in     
subparagraph 7,a7-- 7i7 by striking     
#c1gej1jjj and inserting #i1ejj1jjj2 and
  7ii7 by striking #e1jjj1jjj and       
inserting #aj1jjj1jjj2 and  7,b7 in     
subparagraph 7,b7-- 7i7 by striking     
#d1ejj1jjj and inserting #i1ejj1jjj2 and
  7ii7 by striking #e1jjj1jjj and       
inserting #aj1jjj1jjj4  7#b7            
,prospective repeal ,effective #a year  
after the date of enactment of this     
,act1 section #g7;a77#c7 of the ,small  
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#c77 is amended-- 7,a7 in      
subparagraph 7,a7-- 7i7 by striking     
#i1ejj1jjj and inserting #c1gej1jjj2 and
  7ii7 by striking #aj1jjj1jjj and      
inserting #e1jjj1jjj2 and  7,b7 in      

subparagraph 7,b7-- 7i7 by striking     
#i1ejj1jjj and inserting #d1ejj1jjj2 and
  7ii7 by striking #aj1jjj1jjj and      
inserting #e1jjj1jjj4  7d7 ,,covid-#ai  
guidance ,not later than #aj days after 
the date of enactment of this ,act1 the 
,administrator shall issue guidance     
that-- 7#a7 temporarily updates the     
standard operating procedures of the    
,administration to provide requirements 
for appropriate lending given the       
economic conditions and considerations  
as of the date of enactment of this     
,act2 and  7#b7 shall be utilized with  
respect to all approval and subsequent  
actions taken on loans made under such  
section #g7;a7 during the #a-year period
 following the date of enactment of this
 ,act4  7e7 ,extension of subsidy on    
#g7;a7 loan payments ,section #aaab of  
the ,,cares ,act 7#ae ,u4,s4,c4 #ijaa7  
is amended-- 7#a7 in subsection 7c7--   
7,a7 in paragraph 7#a7-- 7i7 in the     
matter preceding subparagraph 7,a71 by  
inserting or loan described in          

subparagraph 7,d7 after covered loan2   
7ii7 in subparagraph 7,b71 by striking  
and at the end2  7iii7 in subparagraph  
7,c71 by striking the period at the end 
and inserting 2 and2 and  7iv7 by adding
 at the end the following3  7,d7 with   
respect to a loan that is guaranteed by 
the ,administration under section #g7;a7
 of the ,small ,business ,act 7#ae      
,u4,s4,c4 #fcf7;a771 including a loan   
made under the ,community ,advantage    
,pilot ,program of the ,administration  
and a loan made under paragraph 7#cf7 of
 such section #g7;a71 that was made     
during the period beginning on the date 
of enactment of this subparagraph and   
ending on the date that is #a year after
 such date of enactment1 for the #a-year
 period beginning with the first payment
 due on the loan4  2  7,b7 in paragraph 
7#b71 by inserting or loan described in 
paragraph 7#a77;,d71 as applicable1     
after covered loan2 and  7,c7 in        
paragraph 7#c71 by inserting or loan    
described in paragraph 7#a77;,d71 as    

applicable1 after covered loan2  7#b7 in
 subsection 7d77#b7-- 7,a7 by striking  
covered loan durations and inserting the
 duration of any covered loan or loan   
described in subsection 7c77#a77;,d72   
and  7,b7 by inserting or loans         
described in subsection 7c77#a77;,d71 as
 applicable1 after covered loans2 and   
7#c7 in subsection 7e7-- 7,a7 by        
inserting or loan described in          
subsection 7c77#a77;,d7 after a covered 
loan2 and  7,b7 by inserting or loan    
described in subsection 7c77#a77;,d71 as
 applicable1 after the covered loan4