,,ii #aaf? ,,congress #b;d ,session ,s4 #dhag ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,octob] #bj 7legislative day1 ,octob] #ai71 #bjbj,mr4 ,rubio 7= himself1 ,mr4 ,ris*1 ,ms4 ,coll9s1 & ,mr4 ,hawley7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,a ,,bill ,to modify ! #g7;a7 loan gu>anty program ( ! ,small ,bus9ess ,adm9i/ration1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,small ,bus9ess ,access to ,recov]y ,capital ,act4 #b4 ,*anges to ! #g7;a7 loan gu>anty program 7a7 ,fee waiv] ,dur+ ! #a-ye> p]iod foll[+ ! date ( enactm5t ( ?is ,act1 & to ! ext5t t ! co/ ( su* elim9ation or r$uction ( fees is (fset by appropriations1 ) respect to ea* loan gu>ante$ "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77-- 7#a7 9 lieu ( ! fee o!rwise applicable "u section #g7;a77#bc77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#bc77;,a771 ! ,adm9i/rator %all collect no fee or r$uce fees to ! maximum ext5t possible2 & 7#b7 = :i* ! application is approv$ on or aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all1 9 lieu ( ! fee o!rwise applicable "u section #g7;a77#ah77;,a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#ah77;,a771 collect no fee or r$uce fees to ! maximum ext5t possible4 7b7 ,gu>antee am\nt 7#a7 ,9 g5]al ,section #g7;a77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77 is am5d$-- 7,a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ 7,e71 & 7,f7 & ins]t+ & 7,e72 7,b7 9 subp>agraph 7,a71 by /rik+ equal to-- & all t foll[s ?r\gh ! end ( ! subp>agraph & ins]t+ equal to #ie p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan42 7,c7 by /rik+ subp>agraphs 7,d7 & 7,e7 & ins]t+ ! foll[+3 7,d7 ,p>ticipation "u ! express loan program ,9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u p>agraph 7#ca71 ! p>ticipation by ! ,adm9i/ration %all be equal to-- 7i7 #ge p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance exce$s #aej1jjj2 or 7ii7 #he p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance is less ?an or equal to #aej1jjj4 2 & 7,d7 by r$esignat+ subp>agraph 7,f7 z subp>agraph 7,e74 7#b7 ,prospective repeal ,effective #a ye> aft] ! date ( enactm5t ( ?is ,act1 section #g7;a77#b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#b77 is am5d$-- 7,a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ & 7,e7 & ins]t+ 7,e71 & 7,f72 7,b7 9 subp>agraph 7,a71 by /rik+ equal to #ie p]c5t ( ! balance ( f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan4 & ins]t+ 8equal to-- 7i7 #ge p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance exce$s #aej1jjj2 or 7ii7 #he p]c5t ( ! balance ( ! f9anc+ out/&+ at ! "t ( disbursem5t ( ! loan1 if su* balance is less ?an or equal to #aej1jjj4 2 7,c7 by r$esignat+ subp>agraph 7,e7 z subp>agraph 7,f72 & 7,d7 by /rik+ subp>agraph 7,d7 & ins]t+ ! foll[+3 7,d7 ,p>ticipation "u export work+ capital program ,9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u ! ,export ,work+ ,capital ,program e/abli%$ pursuant to p>agraph 7#ad77;,a71 su* p>ticipation by ! ,adm9i/ration %all be #ij p]c5t4 7,e7 ,p>ticipation 9 int]national trade loan ,9 an agreem5t to p>ticipate 9 a loan on a def]r$ basis "u p>agraph 7#af71 ! p>ticipation by ! ,adm9i/ration may n exce$ #ij p]c5t4 4 7c7 ,maximum loan am\nt 7#a7 ,9 g5]al ,section #g7;a77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#c77 is am5d$-- 7,a7 9 subp>agraph 7,a7-- 7i7 by /rik+ #c1gej1jjj & ins]t+ #i1ejj1jjj2 & 7ii7 by /rik+ #e1jjj1jjj & ins]t+ #aj1jjj1jjj2 & 7,b7 9 subp>agraph 7,b7-- 7i7 by /rik+ #d1ejj1jjj & ins]t+ #i1ejj1jjj2 & 7ii7 by /rik+ #e1jjj1jjj & ins]t+ #aj1jjj1jjj4 7#b7 ,prospective repeal ,effective #a ye> aft] ! date ( enactm5t ( ?is ,act1 section #g7;a77#c7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a77#c77 is am5d$-- 7,a7 9 subp>agraph 7,a7-- 7i7 by /rik+ #i1ejj1jjj & ins]t+ #c1gej1jjj2 & 7ii7 by /rik+ #aj1jjj1jjj & ins]t+ #e1jjj1jjj2 & 7,b7 9 subp>agraph 7,b7-- 7i7 by /rik+ #i1ejj1jjj & ins]t+ #d1ejj1jjj2 & 7ii7 by /rik+ #aj1jjj1jjj & ins]t+ #e1jjj1jjj4 7d7 ,,covid-#ai guidance ,n lat] ?an #aj days aft] ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator %all issue guidance t-- 7#a7 tempor>ily updates ! /&>d op]at+ proc$ures ( ! ,adm9i/ration to provide requirem5ts = appropriate l5d+ giv5 ! economic conditions & consid]ations z ( ! date ( enactm5t ( ?is ,act2 & 7#b7 %all be utiliz$ ) respect to all approval & subsequ5t actions tak5 on loans made "u su* section #g7;a7 dur+ ! #a-ye> p]iod foll[+ ! date ( enactm5t ( ?is ,act4 7e7 ,ext5sion ( subsidy on #g7;a7 loan paym5ts ,section #aaab ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijaa7 is am5d$-- 7#a7 9 subsection 7c7-- 7,a7 9 p>agraph 7#a7-- 7i7 9 ! matt] prec$+ subp>agraph 7,a71 by ins]t+ or loan describ$ 9 subp>agraph 7,d7 aft] cov]$ loan2 7ii7 9 subp>agraph 7,b71 by /rik+ & at ! end2 7iii7 9 subp>agraph 7,c71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7iv7 by add+ at ! end ! foll[+3 7,d7 ) respect to a loan t is gu>ante$ by ! ,adm9i/ration "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a771 includ+ a loan made "u ! ,community ,advantage ,pilot ,program ( ! ,adm9i/ration & a loan made "u p>agraph 7#cf7 ( su* section #g7;a71 t 0 made dur+ ! p]iod beg9n+ on ! date ( enactm5t ( ?is subp>agraph & end+ on ! date t is #a ye> aft] su* date ( enactm5t1 = ! #a-ye> p]iod beg9n+ ) ! fir/ paym5t due on ! loan4 2 7,b7 9 p>agraph 7#b71 by ins]t+ or loan describ$ 9 p>agraph 7#a77;,d71 z applicable1 aft] cov]$ loan2 & 7,c7 9 p>agraph 7#c71 by ins]t+ or loan describ$ 9 p>agraph 7#a77;,d71 z applicable1 aft] cov]$ loan2 7#b7 9 subsection 7d77#b7-- 7,a7 by /rik+ cov]$ loan durations & ins]t+ ! duration ( any cov]$ loan or loan describ$ 9 subsection 7c77#a77;,d72 & 7,b7 by ins]t+ or loans describ$ 9 subsection 7c77#a77;,d71 z applicable1 aft] cov]$ loans2 & 7#c7 9 subsection 7e7-- 7,a7 by ins]t+ or loan describ$ 9 subsection 7c77#a77;,d7 aft] a cov]$ loan2 & 7,b7 by ins]t+ or loan describ$ 9 subsection 7c77#a77;,d71 z applicable1 aft] ! cov]$ loan4