,i #aag? ,,congress #a/ ,session ,h4 ,r4 #cbjb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #ac1 #bjba,mr4 ,luetkemey] 7= himself1 ,mr4 ,williams ( ,texas1 ,mr4 ,hag$orn1 ,mr4 ,/aub]1 ,mr4 ,meus]1 ,ms4 ,t5ney1 ,mr4 ,g>b>9o1 ,mrs4 ,kim ( ,cali=nia1 ,ms4 ,van ,duyne1 ,mr4 ,donalds1 ,ms4 ,salaz>1 & ,mr4 ,fitzg]ald7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to am5d ! ,small ,bus9ess ,act & ! ,,c>es ,act to e/abli% ov]sight requirem5ts = economic injury disa/] loans & advances1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,,eidl ,ov]sight ,act ( #bjba4 #b4 ,ov]sight requirem5ts = economic injury disa/] loans & advances 7a7 ,economic injury disa/] loans ,section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$ by ins]t+ aft] p>agraph 7#ae7 ! foll[+ new p>agraph3 7#af7 ,ov]sight requirem5ts = economic injury disa/] loans ,) respect to a loan made "u p>agraph 7#b71 ! ,adm9i/rator %all take su* action z necess>y to-- 7,a7 e/abli% or /r5g!n controls to ensure t loan proce$s are deposit$ 9 a legitimate acc\nt ( a borr[]2 7,b7 ensure t any modification ( a loan application aft] l5d] approval ( su* loan is review$ by an employee ( ! ,adm9i/ration2 7,c7 e/abli% or /r5g!n controls to-- 7i7 ensure t multiple loans are provid$ only to eligible borr[]s2 & 7ii7 prev5t ! errone\s duplication ( loans1 includ+ by e/abli%+ a sy/em to v]ify ! id5tity ( a borr[] us+ photo id5tification2 7,d7 v]ify ! applicant is a legitimate borr[] ) ! appropriate ,/ate or local ag5cy ?r\gh tax returns1 docum5tation relat+ to incorporation or /atus z a nonpr(it organization1 or ano!r me?od2 7,e7 ensure t #b employees ( ! ,adm9i/ration approve ea* application = a loan "u p>agraph 7#b7 & elim9ate any processes ( ! ,adm9i/ration t all[ = simultane\s approval ( multiple loan applications2 7,f7 require an individual employee ( ! ,adm9i/ration to contact applicants :o submit multiple loan applications f ! same ,int]net ,protocol addresses1 email addresses1 or physical addresses1 or ) ! same bank acc\nt numb]1 to v]ify eligibility ( su* applicants2 & 7,g7 ) respect to a borr[] ( a loan made "u p>agraph 7#b7 because ( ! ,,covid-#ai p&emic-- 7i7 ensure t su* borr[] is n includ$ on ! ,d ,n ,pay ,li/ ( ! ,dep>tm5t ( ! ,treasury 7z describ$ "u section #cced ( title #ca1 ,unit$ ,/ates ,code72 7ii7 ensure t an employ] id5tification numb] on an application = su* a loan 0 regi/]$ be=e ,febru>y #ae1 #bjbj2 7iii7 prev5t duplicate loan applications ) ! same employ] id5tification numb] or social security numb]2 & 7iv7 e/abli% a sy/em to prev5t disbursem5t ( su* loans to applicants t submit m ?an #a loan application ) ! same employ] id5tification numb]1 social security numb]1 email addresses1 physical addresses1 or bank acc\nt numb]1 or f ! same ,int]net ,protocol address4 4 7b7 ,,eidl advances ,section #aaaj7;e7 ( ! ,,c>es ,act 7#ae ,u4,s4,c4 #ijji7;e77 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#i7 ,ov]sight requirem5ts ,) respect to an advance made "u ?is subsection1 ! ,adm9i/rator %all take su* action z necess>y to-- 7,a7 ensure t ! advance 0 deposit$ 9 a legitimate acc\nt ( an individual2 7,b7 ensure t any modification ( a reque/ = an advance is review$ by an employee ( ! ,adm9i/ration2 7,c7 prev5t ! errone\s duplication ( advances2 7,d7 ensure t an employ] id5tification numb] includ$ 9 a reque/ = an advance-- 7i7 0 regi/]$ be=e ,febru>y #ae1 #bjbj2 & 7ii7 is n regi/]$ to a p]son includ$ on ! ,d ,n ,pay ,li/ ( ! ,dep>tm5t ( ! ,treasury 7z describ$ "u section #cced ( title #ca1 ,unit$ ,/ates ,code72 7,e7 prev5t duplicate reque/s = an advance ) ! same employ] id5tification numb] or social security numb]2 & 7,f7 prev5t disbursem5t ( advances to applicants t submit m ?an #a reque/ ) ! same employ] id5tification numb]1 social security numb]1 email addresses1 physical addresses1 or bank acc\nt numb]1 or f ! same ,int]net ,protocol address4 4 7c7 ,t>get$ ,,eidl advances ,section #cca ( ! ,economic ,aid to ,h>d-,hit ,small ,bus9esses1 ,nonpr(its1 & ,v5ues ,act 7,public ,law #aaf-bfj7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7i7 ,ov]sight requirem5ts ,) respect to a paym5t made "u ?is section1 ! ,adm9i/rator %all take su* action z necess>y to-- 7#a7 e/abli% or /r5g!n controls to ensure t ! paym5t is deposit$ 9 a legitimate acc\nt ( a recipi5t ( a paym5t2 7#b7 ensure t any modification ( a reque/ = a paym5t is review$ by an employee ( ! ,adm9i/ration2 7#c7 e/abli% or /r5g!n controls to prev5t ! errone\s duplication ( paym5ts "u ?is section1 includ+ by e/abli%+ a sy/em to v]ify ! id5tity ( an applicant us+ photo id5tification2 7#d7 v]ify ! applicant is a legitimate applicant = a paym5t ) ! appropriate ,/ate or local ag5cy ?r\gh tax returns1 docum5tation relat+ to incorporation or /atus z a nonpr(it organization1 or ano!r me?od2 7#e7 ensure t #b employees ( ! ,adm9i/ration approve ea* reque/ = a paym5t & elim9ate any processes ( ! ,adm9i/ration t all[ = simultane\s approval ( multiple advances2 7#f7 require an individual employee ( ! ,adm9i/ration to contact applicants :o submit multiple reque/s = a paym5t f ! same ,int]net ,protocol addresses1 email addresses1 or physical addresses1 or ) ! same bank acc\nt numb]1 to v]ify eligibility ( su* applicants2 7#g7 ensure t an employ] id5tification numb] includ$ 9 a reque/ = a paym5t-- 7,a7 0 regi/]$ be=e ,febru>y #ae1 #bjbj2 & 7,b7 is n regi/]$ to a p]son includ$ on ! ,d ,n ,pay ,li/ ( ! ,dep>tm5t ( ! ,treasury 7z describ$ "u section #cced ( title #ca1 ,unit$ ,/ates ,code72 7#h7 prev5t duplicate reque/s = a paym5t ) ! same employ] id5tification numb] or social security numb]2 & 7#i7 e/abli% a sy/em to prev5t disbursem5t ( paym5ts to applicants t submit m ?an #a reque/ ) ! same employ] id5tification numb]1 social security numb]1 email addresses1 physical addresses1 or bank acc\nt numb]1 or f ! same ,int]net ,protocol address4 4