,i #aagth ,,congress #b;d ,session ,h4 ,r4 #gfbh ,,in ,,the ,,house ,,of ,,representatives ,april #bh1 #bjbb,mr4 ,luetkemeyer 7for himself1 ,mr4 ,williams of ,texas1 ,mr4 ,stauber1 ,mr4 ,meuser1 ,ms4 ,tenney1 ,mr4 ,garbarino1 ,mrs4 ,kim of ,california1 ,ms4 ,van ,duyne1 ,mr4 ,donalds1 ,ms4 ,salazar1 and ,mr4 ,fitzgerald7 introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to increase oversight of and improve programs of the ,small ,business ,administration1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,improve ,management1 ,programs1 ,resources1 and ,oversight for ,vital ,entrepreneurs the ,,sba ,act or the ,,improve the ,,sba ,act4 #b4 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title4,sec4 #b4 ,table of contents4,sec4 #c4 ,definitions4,title ,i--,small ,business ,administration ,oversight,sec4 #aja4 ,small ,business ,administration mission statement4,sec4 #ajb4 ,requirement for the ,administrator of the ,small ,business ,administration to appear before ,congress and report on certain recommendations4,title ,,ii--,small ,business ,administration ,capital ,programs,sec4 #bja4 ,prohibition on direct lending4,sec4 #bjb4 ,improvements to disaster lending4,sec4 #bjc4 ,disaster loan program oversight4,sec4 #bjd4 ,high risk loan review4,sec4 #bje4 ,capital ,access ,program oversight4,title ,,iii--,small ,business ,administration ,counseling ,programs,sec4 #cja4 ,appearances before ,congress4,sec4 #cjb4 ,assistance for covered concerns in certain programs of the ,small ,business ,administration4,sec4 #cjc4 ,inclusion of career and technical education in certain programs of the ,small ,business ,administration4,sec4 #cjd4 ,assistance for small businesses affected by supply chain disruptions1 labor shortages1 and cyberattacks4,sec4 #cje4 ,requirements on use of assistance by resource partners4,title ,,iv--,small ,business ,administration ,contracting ,programs,sec4 #dja4 ,annual testimony4,sec4 #djb4 ,improvements to accuracy in ,federal small business spending4,sec4 #djc4 ,strengthening subcontracting4,title ,v--,small ,business ,administration ,duplication,sec4 #eja4 ,eliminate programs duplicating private sector4,sec4 #ejb4 ,entrepreneurial development service limits4,sec4 #ejc4 ,limitation on new pilot programs until ,inspector ,general recommendations closed4,title ,,vi--,prohibition of ,ineligible ,use of ,funds,sec4 #fja4 ,prohibition on certain small business concerns4,sec4 #fjb4 ,use of proceeds4,title ,,vii--,ensure ,all ,small ,businesses are ,served,sec4 #gja4 ,small business concern equal treatment4,title ,,viii--,inspector ,general of the ,small ,business ,administration,sec4 #hja4 ,clarification of the responsibilities of the ,administrator with respect to the ,inspector ,general of the ,small ,business ,administration4,title ,,ix--,office of ,advocacy,sec4 #ija4 ,testimony of the ,chief ,counsel for ,advocacy4,sec4 #ijb4 ,quarterly reports by the ,chief ,counsel for ,advocacy4,sec4 #ijc4 ,amendment to primary functions and duties of the ,office of ,advocacy of the ,small ,business ,administration4,title ,x--,small ,business ,administration as a ,representative of ,small ,businesses,sec4 #ajja4 ,economic headwinds report4 #c4 ,definitions ,in this ,act3 7#a7 ,administration ,the term ,administration means the ,small ,business ,administration4 7#b7 ,administrator ,the term ,administrator means the ,administrator of the ,small ,business ,administration4 7#c7 ,small business concern ,the term small business concern has the meaning given such term under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 ,i ,small ,business ,administration ,oversight #aja4 ,small ,business ,administration mission statement 7a7 ,in general ,section #b of the ,small ,business ,act 7#ae ,u4,s4,c4 #fca7 is amended-- 7#a7 by amending subsection 7c7 to read as follows3 7c7 ,aid for agriculturally related industries2 financial assistance ,it is the declared policy of the ,congress that-- 7#a7 the ,federal ,government1 through the ,small ,business ,administration1 should-- 7,a7 help ,americans start1 build1 and grow businesses2 7,b7 advocate for small business concerns within the ,federal ,government2 7,c7 serve ,american small business concerns in a prompt1 effective1 efficient1 and prudent manner2 and 7,d7 aid1 counsel1 assist1 and protect the interests of small business concerns engaged in the production of food and fiber1 ranching1 and raising of livestock1 aquaculture1 and all other farming and agricultural related industries2 and 7#b7 the financial assistance programs authorized by this chapter are also to be used to assist such concerns4 2 and 7#b7 by adding at the end the following new subsection3 7k7 ,mission statement ,the ,administrator shall establish a mission statement based on the requirements of this section and publish such mission statement prominently on the main webpage of the ,administration4 4 7b7 ,establishment of performance and outreach metrics and targets ,section #d of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcc7 is amended by adding at the end the following new subsection3 7i7 ,effectiveness of programs of the ,administration 7#a7 ,in general ,except as provided in paragraph 7#d71 not later than #abj days after the date of the enactment of this subsection1 the ,administrator shall-- 7,a7 establish a baseline measurement of the effectiveness of the programs of the ,administration2 and 7,b7 develop metrics and targets to track1 over time1 the effectiveness of such programs4 7#b7 ,subsequent programs ,not later than the date on which a program of the ,administration is implemented1 the ,administrator shall-- 7,a7 establish a baseline measurement of the effectiveness of such program2 and 7,b7 develop metrics and targets to track1 over time1 the effectiveness of such program4 7#c7 ,applicability ,except as provided in paragraph 7#d71 not later than #fj days after the ,administrator establishes the measurement and develops the metrics and targets described in paragraph 7#a7 or 7#b71 the ,administrator shall apply the such measurement1 metrics1 and targets to the programs of the ,administration4 7#d7 ,emergency measurements 7,a7 ,initial measurements ,in the event of an emergency during the #abj-;day period beginning on the date of the enactment of this subsection1 the ,administrator shall develop1 and apply the measurement1 metrics1 and targets described in paragraph 7#a7 to programs of the ,administration implemented prior to the date of the enactment of this subsection-- 7i7 not later than #cj days after the date of the enactment of this subsection1 if such emergency began prior to the date of the enactment of this subsection2 7ii7 not later than the earlier of #abj days after the enactment of this subsection or #cj days after the beginning of such emergency1 if such emergency began after the date of the enactment of this subsection4 7,b7 ,subsequent programs ,during an emergency1 the ,administrator shall apply the measurement1 metrics1 and targets described in paragraph 7#b7 to any program implemented in response to the emergency1 as determined by the ,administrator not later than #cj days after the date on which such program is implemented4 7,c7 ,emergency defined ,in this paragraph1 the term emergency means-- 7i7 a major disaster1 as determined by the ,president under the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaba et seq472 7ii7 a natural disaster1 as determined by the ,secretary of ,agriculture pursuant to section #cba of the ,consolidated ,farm and ,rural ,development ,act 7#g ,u4,s4,c4 #aifa71 in which case1 subparagraph 7,a7 shall apply only with respect to programs of the ,administration assisting farm-related and nonfarm-related small business concerns2 7iii7 a disaster1 as determined by the ,administrator of the ,small ,business ,administration2 and 7iv7 an emergency involving ,federal primary responsibility determined to exist by the ,president under section #eja7;b7 of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaia7;b774 4 7c7 ,additional annual report requirements ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci7 is amended by inserting after subsection 7a7 the following new subsection3 7b7 ,additional report requirements ,the ,administrator shall include in the report required under subsection 7a7 information on each of the principal activities of the ,administration 7including lending1 procurement1 and entrepreneurial development programs7 and the staff 7including contractors7 assigned to carry out each such activity4 4 #ajb4 ,requirement for the ,administrator of the ,small ,business ,administration to appear before ,congress and report on certain recommendations 7a7 ,in general ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci7 is amended by adding at the end the following new subsection3 7i7 ,appearances before ,congress ,not later than #cj days after the date on which the ,president submits the budget required under section #aaje7;a7 of title #ca1 ,united ,states ,code1 to ,congress1 the ,administrator shall appear before the ,committee on ,small ,business of the ,house of ,representatives and the ,committee on ,small ,business and ,entrepreneurship of the ,senate to provide information on the activities of the ,administration as described in the budget4 4 7b7 ,report on recommendations ,section #aj7;e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci7 is amended-- 7#a7 by inserting 7#a7 before ,the ,administration2 and 7#b7 by adding at the end the following new paragraph3 7#b7 ,report on recommendations ,beginning not later than #ij days after the date of the enactment of this paragraph1 and not later than #ij days after ,october #a of each subsequent year1 the ,administrator shall submit to the ,committee on ,small ,business of the ,house of ,representatives and the ,committee on ,small ,business and ,entrepreneurship of the ,senate a report on any recommendations made by the ,inspector ,general or the ,comptroller ,general of the ,united ,states that the ,administrator did not fully implement during the fiscal year covered by the report4 4 ,,ii ,small ,business ,administration ,capital ,programs #bja4 ,prohibition on direct lending 7a7 ,in general ,notwithstanding any provision of subsection 7a7 of section #g of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;a771 the ,administrator may not-- 7#a7 directly make a loan pursuant to such subsection2 or 7#b7 enter into an agreement to participate in a loan on an immediate basis under such subsection4 7b7 ,existing loans 7#a7 ,in general ,the ,administrator shall service a covered existing loan made or guaranteed under section #g7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77 if such loan was made before the date of the enactment of this ,act4 7#b7 ,covered existing loan defined ,in this subsection1 the term covered existing loan means a direct loan or a loan with respect to which the ,administrator entered into an agreement to participate on an immediate basis4 #bjb4 ,improvements to disaster lending 7a7 ,in general ,section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b771 as amended by this ,act1 is further amended-- 7#a7 by striking paragraphs 7#f71 7#g71 7#aj71 7#aa71 and 7#ad72 7#b7 by redesignating paragraphs 7#h71 7#i71 7#ab71 7#ac71 and 7#ae7 as paragraphs 7#f71 7#g71 7#h71 7#i7 and 7#aj71 respectively2 7#c7 by redesignating paragraph 7#af71 as added by section #bjc7;b71 as paragraph 7#aa72 7#d7 by redesignating paragraph 7#ag71 as added by section #bje7;b71 as paragraph 7#ab72 7#e7 in paragraph 7#a7-- 7,a7 in subparagraph 7,a7-- 7i7 by striking 7either directly or2 7ii7 by striking an immediate or and inserting a2 7iii7 by striking basis7 as the ,administration and inserting basis as the bank or other lending institution2 7iv7 by striking ,that the ,administration may and inserting ,that the bank or other lending institution1 in consultation with the borrower1 may2 7v7 by striking if it determines and inserting if the bank or other lending institution determines2 and 7vi7 in clause 7iii71 by adding and at the end2 7,b7 in subparagraph 7,b7-- 7i7 by striking unless the ,administration and inserting unless the bank or other lending institution2 and 7ii7 by striking and at the end2 and 7,c7 by striking subparagraph 7,c72 7#f7 in paragraph 7#b7-- 7,a7 by striking 7either directly or2 7,b7 by striking an immediate or and inserting a2 7,c7 by striking basis7 as the ,administration and inserting basis as the bank or other lending institution2 7,d7 by striking if the ,administration determines and inserting if the bank or other lending institution determines2 7,e7 by inserting the ,administration determines after disaster and if2 and 7,f7 in the matter following subparagraph 7,e7-- 7i7 by striking unless the ,administration finds and inserting unless the bank or other lending institution finds2 and 7ii7 by striking and the ,administrator shall and inserting and the banks or other lending institutions shall2 7#g7 in paragraph 7#c7-- 7,a7 in subparagraph 7,b7-- 7i7 by striking 7either directly or2 7ii7 by striking an immediate or and inserting a2 7iii7 by striking basis7 and inserting basis2 and 7iv7 by striking the period at the end and inserting 1 as determined by the bank or other lending institution42 7,b7 in subparagraph 7,c7-- 7i7 by striking ,the ,administrator may and inserting ,a bank or other lending institution may2 and 7ii7 by striking by the ,administrator and inserting by the bank or other lending institution2 7,c7 in subparagraph 7,e7-- 7i7 by striking 1 either directly or and all that follows through deferred basis12 and 7ii7 by striking by the ,administration1 in which case the ,administration and inserting by the bank or other lending institution1 in which case the bank or other lending institution2 7,d7 in subparagraph 7,g7-- 7i7 in clause 7i71 by striking the ,administrator and inserting a bank or other lending institution2 and 7ii7 in clause 7ii71 by striking ,the ,administrator and inserting ,the bank or other lending institution2 and 7,e7 in subparagraph 7,h71 by striking ,the ,administrator and inserting ,a bank or other lending institution2 7#h7 in paragraph 7#d7-- 7,a7 by striking paragraph 7#i7 each place it appears and inserting paragraph 7#g72 and 7,b7 in subparagraph 7,b77ii71 by striking the ,administrator and inserting a bank or other lending institution2 7#i7 in paragraph 7#e7-- 7,a7 by striking paragraph 7#i7 and inserting paragraph 7#g72 and 7,b7 in subparagraph 7,g71 by striking the ,administration and inserting banks or other lending institutions2 7#aj7 in subparagraph 7,b7 of paragraph 7#f71 as so redesignated1 by striking ,the ,administrator may1 at the discretion of the ,administrator and inserting ,a bank or other lending institution may1 at the discretion of the bank or other lending institution2 7#aa7 in subparagraph 7,c7 of paragraph 7#g71 as so redesignated-- 7,a7 in clause 7i7-- 7i7 by striking 7either directly or2 7ii7 by striking an immediate or and inserting a2 7iii7 by striking basis7 and inserting basis2 and 7iv7 by striking as the ,administrator determines and inserting as the bank or other lending institution determines2 and 7,b7 in clause 7ii71 by striking the ,administrator shall each place it appears and inserting the banks or other lending institutions shall2 7#ab7 in subparagraph 7,a7 of paragraph 7#h71 as so redesignated-- 7,a7 by inserting a chapter of before the ,service ,corps of ,retired ,executives2 and 7,b7 by striking any proposed consortium of such individuals or entities and inserting ,veteran ,business ,outreach ,centers2 7#ac7 in paragraph 7#i71 as so redesignated1 by striking ,administrator each place it appears and inserting bank or other lending institution2 7#ad7 by inserting after paragraph 7#ab71 as so redesignated1 the following new paragraphs3 7#ac7 ,lenders 7,a7 ,compliance ,if the ,administrator determines that a bank or other lending institution knowingly failed to comply with the underwriting standards for loans guaranteed under this subsection or violated the terms of the standard operating procedure agreement between that bank or other lending institution and the ,administration1 the ,administrator shall take one or more of the following actions3 7i7 ,make loans made by the bank or other lending institution ineligible to receive a guarantee from the ,administration under this subsection4 7ii7 ,exclude the bank or other lending institution from participating in the ,preferred ,lender ,program for a period of not more than #e years4 7,b7 ,fees 7i7 ,in general ,the ,administrator may not collect a guarantee fee under this subsection4 7ii7 ,origination fee ,with respect to a loan guaranteed under this subsection1 the ,administrator shall reimburse the bank or other lending institution making such loan-- 7,i7 for a loan in amount that is less than or equal to #ej1jjj1 an amount equal to the lesser of-- 7aa7 #ej percent of the balance of the financing outstanding at the time of disbursement of such loan2 or 7bb7 #b1ejj2 7,,ii7 for a loan in an amount that is greater than #ej1jjj and not greater than #cej1jjj1 an amount equal to five percent of the financing outstanding at the time of disbursement of such loan2 or 7,,iii7 for a loan in an amount that is greater than or equal to #cej1jjj1 an amount equal to three percent of the financing outstanding at the time of disbursement of such loan4 7,c7 ,documentation ,a bank or other lending institution may use its own loan documentation for a loan guaranteed by the ,administrator under this subsection4 7,d7 ,purchase of loans ,the ,administrator may enter into an agreement with a bank or other lending institution to purchase any loan guaranteed under this subsection4 7,e7 ,secondary markets 7i7 ,in general ,the ,administrator shall issue rules for the facilitation1 administration1 and promotion of the sale of loans guaranteed under this subsection in the secondary market in the same manner as loans made or guaranteed under subsection 7a74 7ii7 ,treatment ,the rules issued under clause 7i7 shall provide that paragraphs 7#a77;,a77ii7 and 7#d77;,b77ii7 of subsection 7a7 shall apply with respect loans guaranteed under this subsection in the same manner as such paragraphs apply to loans made or guaranteed under subsection 7a74 7,f7 ,level of participation in guaranteed loans ,in agreements to participate in loans on a deferred basis under this subsection1 such participation by the ,administration shall be equal to #ie percent of the balance of the financing outstanding at the time of disbursement of the loan4 7,g7 ,collateral requirements 7i7 ,in general ,loans guaranteed under this subsection in an amount greater than #be1jjj shall be secured to the extent possible1 as determined by the bank or other lending institution4 7ii7 ,lack of collateral ,a bank or lending institution may not decline a loan based on a lack of collateral1 but such bank or lending institution may require real estate owned by the borrower as collateral4 7iii7 ,lien on subject property ,a bank or lending institution may also take a lien on any residential property of the borrower with respect to which the loan to be secured by such lien is made4 7#ad7 ,bank or other lending institution defined ,in this subsection1 the terms bank or other lending institution means a lender authorized by the ,administration to participate as a lender under subsection 7a71 other than a small business lending company or a non-,federally regulated lender 7as such terms are defined in section #c7r774 2 and 7#ae7 in the flush left matter at the end-- 7,a7 by striking the ,administrator may consent and inserting the bank or other lending institution may consent2 7,b7 by striking the ,administrator determines and inserting the bank or other lending institution determines2 and 7,c7 by striking ,in agreements to participate and all that follows through to a disaster loan under paragraph 7#a7 7#b7 of this subsection44 7b7 ,private disaster loans ,section #g7;c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;c77 is repealed4 7c7 ,other requirements ,section #g of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7 is amended-- 7#a7 in subsection 7d7-- 7,a7 in paragraph 7#a7-- 7i7 by inserting 7except a loan under subsection 7b7 after to this section2 and 7ii7 by adding at the end ,the bank or other lending institution that made a loan under subsection 7b7 may further extend the maturity of or renew such loan for additional periods not to exceed ten years beyond the period stated therein1 if such extension or renewal will aid in the orderly liquidation of such loan42 7,b7 in paragraph 7#b71 by striking person1 firm1 or corporation and inserting bank or other lending institution2 7,c7 in paragraph 7#f7-- 7i7 by striking 1 either directly or2 7ii7 by striking on an immediate or deferred 7guaranteed7 basis1 and inserting a deferred 7guaranteed7 basis2 7iii7 by striking in which case the ,administration and inserting in which case the bank or other lending institution that made such loan2 7iv7 by striking ,that the ,administration shall not require and inserting ,that the banks or other lending institutions shall not require2 7v7 by striking 7or such higher amount as the ,administrator determines appropriate in the event of a disaster72 7vi7 by striking ,that the ,administrator1 in obtaining and inserting ,that the bank or other lending institution1 in obtaining2 and 7vii7 by striking if the ,administrator determines and inserting if the bank or other lending institution determines2 and 7,d7 by striking paragraph 7#h72 7#b7 in subsection 7f77#a71 by striking the ,administrator and inserting the bank or other lending institution making such a loan2 and 7#c7 in subsection 7g71 by striking the ,administrator shall and inserting neither the ,administrator nor a bank or other lending institution may4 7d7 ,conforming amendments ,the ,small ,business ,act 7#ae ,u4,s4,c4 #fca7 is amended-- 7#a7 in section #d7;c77#b71 by striking 1 7#g7;b77#g71 #g7;b77#h72 and 7#b7 in section #dj7;b71 by striking #g7;b77#i7 and inserting #g7;b77#g74 7e7 ,repeal of ,immediate ,disaster ,assistance program ,section #db of the ,small ,business ,act 7#ae ,u4,s4,c4 #fegn7 is repealed4 7f7 ,rules ,not later than #abj days after the date of the enactment of this ,act1 the ,administrator shall issue rules for making loans under section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b771 as amended by this section4 7g7 ,effective date 7#a7 ,in general ,the amendments made by subsections 7a71 7b71 7c71 and 7d7 shall take effect on the date that is three years after the date of the enactment of this ,act4 7#b7 ,interim loan authority ,during the period beginning on the date the ,administrator issues the rules required under subsection 7f7 and ending three years after the date of the enactment of this ,act1 loans may be made under section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77 as if the amendments made by subsections 7a71 7b71 7c71 and 7d7 were in effect4 #bjc4 ,disaster loan program oversight 7a7 ,administration oversight 7#a7 ,in general ,with respect to loans made under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b771 other than loans made pursuant to section #bjb7;g77#b7 of this ,act1 the ,administrator shall take such action as necessary to-- 7,a7 establish or strengthen controls to ensure that loan proceeds are deposited in a legitimate account of a borrower2 7,b7 ensure that any modification of a loan application after lender approval of such loan is reviewed by an employee of the ,administration2 7,c7 establish or strengthen controls to-- 7i7 ensure that multiple loans are provided only to eligible borrowers2 and 7ii7 prevent the erroneous duplication of loans1 including by establishing a system to verify the identity of a borrower using photo identification2 7,d7 verify the applicant is a legitimate borrower with the appropriate ,state or local agency through tax returns1 documentation relating to incorporation or status as a nonprofit organization1 or another method2 7,e7 ensure that two employees of the ,administration approve each application for such loans and eliminate any processes of the ,administration that allow for simultaneous approval of multiple loan applications2 7,f7 require an individual employee of the ,administration to contact applicants who submit multiple loan applications from the same ,internet ,protocol addresses1 email addresses1 or physical addresses1 or with the same bank account numbers1 to verify eligibility of such applicants2 7,g7 ensure that such borrower is not included on the ,do ,not ,pay ,list of the ,department of the ,treasury 7as described under section #cced of title #ca1 ,united ,states ,code72 7,h7 prevent duplicate loan applications with the same employer identification number or social security number2 and 7,i7 establish a system to prevent disbursement of such loans to applicants that submit more than one loan application with the same employer identification number1 social security number1 email addresses1 physical addresses1 or bank account number1 or from the same ,internet ,protocol address4 7#b7 ,sunset ,this subsection shall terminate on the date that is three years after the date of the enactment of this ,act4 7b7 ,audit plan ,section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77 is amended by inserting after paragraph 7#ae7 the following new paragraph3 7#af7 ,audit plan 7,a7 ,in general ,not later than #ij days after the date of the enactment of this paragraph1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a plan for auditing covered loans1 including-- 7i7 the policies and procedures that the ,administrator shall use to conduct audits of such covered loans2 and 7ii7 the metrics that the ,administrator shall use to determine which such covered loans to audit4 7,b7 ,reports ,not later than #cj days after the date on which the ,administrator submits the plan required by subparagraph 7,a71 and each month thereafter1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report on the audit activities of the ,administration with respect to covered loans under this subsection1 including-- 7i7 the number of active reviews and audits2 7ii7 the results of completed reviews and audits2 and 7iii7 any substantial changes to the plan submitted under subparagraph 7,a74 7,c7 ,covered loan defined ,in this paragraph1 the term covered loan means a loan made-- 7i7 under this subsection2 and 7ii7 7,i7 pursuant to section #bjb7;g77#b7 of the ,,improve the ,,sba ,act2 or 7,,ii7 not earlier than the date that is three years after the date of the enactment of this paragraph4 4 #bjd4 ,high risk loan review ,section #dg7;c77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fegt7c77#b77 is amended-- 7#a7 by striking shall be responsible and inserting the following3 shall-- 7,a7 be responsible 2 7#b7 by striking participants4 and inserting participants2 and2 7#c7 by adding at the end the following new subparagraph3 7,b7 establish a separate process for the oversight of such lenders and participants with respect to a loan made in an amount greater than or equal to #ejj1jjj for which the borrower of such loan defaulted within the first #ah months after the initial disbursement of such loan4 4 #bje4 ,capital ,access ,program oversight 7a7 ,guaranteed lending programs ,section #dg of the ,small ,business ,act 7#ae ,u4,s4,c4 #fegt7 is amended by adding at the end the following new subsection3 7j7 ,congressional testimony ,not later than the date that is #abj days after the date of the enactment of this subsection1 and not less frequently than annually thereafter1 the ,associate ,administrator of the ,office of ,capital ,access of the ,administration and the ,director shall testify before the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives regarding the state of lending under sections #g7;a7 and #g7m7 of this ,act and under section #ejc of the ,small ,business ,investment ,act of #aieh1 including programs under which loans are made pursuant to such sections4 4 7b7 ,disaster lending programs ,section #g7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b771 as amended by section #bjc7;b71 is further amended by inserting after paragraph 7#af7 the following new paragraph3 7#ag7 ,congressional testimony ,not later than the date that is #abj days after the date of the enactment of this paragraph1 and not less frequently than annually thereafter1 the ,associate ,administrator of the ,office of ,disaster ,assistance shall testify before the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives regarding the state of lending under this subsection1 including programs under which loans are made pursuant to this subsection4 4 7c7 ,small business investment companies ,section #cjh of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fhg7 is amended by adding at the end the following new subsection3 7j7 ,congressional testimony ,not later than the date that is #abj days after the date of the enactment of this subsection1 and not less frequently than annually thereafter1 the ,associate ,administrator of the ,office of ,investment and ,innovation shall testify before the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives regarding the state of small business investment companies and the operations of the ,administration under this ,act4 4 ,,iii ,small ,business ,administration ,counseling ,programs #cja4 ,appearances before ,congress 7a7 ,resource partner defined ,section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb7 is amended by adding at the end the following new subsection3 7gg7 ,resource partner ,the term resource partner means-- 7#a7 a small business development center2 7#b7 a women's business center 7as described in section #bi72 7#c7 a ,veteran ,business ,outreach ,center 7as described under section #cb72 or 7#d7 a chapter of the ,service ,corps of ,retired ,executives 7as defined in section #h7;b77#a77;,b774 4 7b7 ,metrics ,not later than #fj days after the date of the enactment of this ,act1 the ,administrator shall establish metrics to measure the effectiveness of the outreach of each resource partner 7as defined in subsection 7gg7 of section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb71 as added by subsection 7a774 7c7 ,appearances before ,congress ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci71 as amended by section #ajb7;a71 is further amended by adding at the end the following new subsection3 7j7 ,appearances before ,congress ,the ,administrator or the ,associate ,administrator for the ,office of ,entrepreneurial ,development shall annually appear before the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives to provide information on the effectiveness of programs of resource partners1 including a description of1 with respect to the year preceding the date of such appearance-- 7#a7 the number of small business concerns that participate in each such program2 7#b7 the number of small business concerns that benefit from each such program2 7#c7 the number of new small business concerns created through the assistance of each such program2 7#d7 the number of jobs created through the assistance of each such program2 7#e7 the number of trainings each such resource partner hosted and the number of attendees at each such training2 and 7#f7 information on outreach to graduates from career and technical education programs or programs of study1 small business concerns in rural areas 7as such term is defined in subsection 7m77#aa771 small business concerns located in qualified opportunity zones 7as defined in section #adjj,z-#a of the ,internal ,revenue ,code of #aihf71 and small business concerns with not more than #bj full-time employees4 4 #cjb4 ,assistance for covered concerns in certain programs of the ,small ,business ,administration 7a7 ,small business development centers ,section #ba7;c77#c77,n7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh7;c77#c77,n77 is amended-- 7#a7 in the matter preceding clause 7i71 by inserting 1 small business concerns located in qualified opportunity zones 7as defined in section #adjj,z-#a of the ,internal ,revenue ,code of #aihf71 and small business concerns with not more than #bj full-time employees 7in this subparagraph referred to as covered concerns7 after rural small businesses2 7#b7 in clause 7i71 by striking market-- and inserting market22 7#c7 in clause 7ii71 by striking rural small businesses and inserting covered concerns2 and 7#d7 in clause 7iii71 by striking rural small business concerns and inserting covered concerns4 7b7 ,women's business centers ,section #bi7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;b77 is amended-- 7#a7 in paragraph 7#b71 by striking and at the end2 7#b7 in paragraph 7#c71 by striking the period at the end and inserting a semicolon2 and 7#c7 by adding at the end the following new paragraph3 7#d7 assistance for rural small businesses1 small business concerns located in qualified opportunity zones 7as defined in section #adjj,z-#a of the ,internal ,revenue ,code of #aihf71 and small business concerns with not more than #bj full-time employees2 4 #cjc4 ,inclusion of career and technical education in certain programs of the ,small ,business ,administration 7a7 ,career and technical education defined ,section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb71 as amended by section #cja1 is further amended by adding at the end the following new subsection3 7hh7 ,career and technical education ,the term career and technical education has the meaning given the term in section #c of the ,carl ,d4 ,perkins ,career and ,technical ,education ,act of #bjjf 7#bj ,u4,s4,c4 #bcjb74 4 7b7 ,small business development centers ,section #ba7;c77#c7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh7;c77#c77 is amended-- 7#a7 in subparagraph 7,t71 by striking and at the end2 7#b7 in clause 7v7 of the first subparagraph 7,u7 7relating to succession planning71 by striking the period at the end and inserting a semicolon2 7#c7 by redesignating the second subparagraph 7,u7 7relating to training on domestic and international intellectual property protections7 as subparagraph 7,v72 7#d7 in clause 7ii77,,ii7 of subparagraph 7,v71 as so redesignated1 by striking the period at the end and inserting a semicolon2 and 7#e7 by adding at the end the following new subparagraphs3 7,w7 assisting small businesses in hiring graduates from career and technical education programs or programs of study2 7,x7 assisting graduates from career and technical education programs or programs of study in starting up a small business concern4 4 7c7 ,women's business centers ,section #bi7;b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fef7;b771 as amended by section #cjb1 is further amended by adding at the end the following new paragraphs3 7#e7 assistance for small business concerns to hire graduates from career and technical education programs or programs of study2 and 7#f7 assistance for graduates of career and technical education programs or programs of study to start up a small business concern4 4 #cjd4 ,assistance for small businesses affected by supply chain disruptions1 labor shortages1 and cyberattacks ,section #ba7;a7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdh7;a77 is amended by adding at the end the following new paragraph3 7#i7 ,assistance for small businesses affected by supply chain disruptions1 labor shortages1 and cyberattacks ,the ,administrator shall use1 as the ,administrator determines appropriate1 resource partners to provide business counseling and training to any small business concern adversely affected by supply chain disruptions1 labor shortages1 and cyberattacks4 4 #cje4 ,requirements on use of assistance by resource partners 7a7 ,in general ,the following requirements shall apply with respect to any covered assistance provided to a resource partner by the ,small ,business ,administration3 7#a7 ,notwithstanding any other provision of law1 a resource partner may use not more than an amount equal to #aj percent of the annual budget of such resource partner for marketing 7including website development and maintenance7 for upcoming events or counseling opportunities for small business concerns4 7#b7 ,a resource partner may not use any amounts provided through any such covered assistance for fundraising for a political entity or a nonprofit organization4 7b7 ,termination ,the ,administrator shall terminate covered assistance if amounts provided through such covered assistance are used in violation of subsection 7a77#b74 7c7 ,applicability ,this section and the requirements of this section shall apply-- 7#a7 with respect to covered assistance that is a grant or a prize1 that is provided on or after the date of the enactment of this ,act2 and 7#b7 with respect to covered assistance that is a cooperative agreement or a contract1 that is entered into on or after the date of the enactment of this ,act4 7d7 ,definitions ,in this section3 7#a7 ,covered assistance ,the term covered assistance means financial assistance in the form of a grant1 prize1 cooperative agreement1 or contract4 7#b7 ,resource partner ,the term resource partner has the meaning given such term in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb71 as amended by this ,act4 ,,iv ,small ,business ,administration ,contracting ,programs #dja4 ,annual testimony ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci71 as amended by section #cja7;c71 is further amended by adding at the end the following new subsection3 7k7 ,appearances before ,congress ,the head of the ,office of ,government ,contracting and ,business ,development of the ,small ,business ,administration shall annually appear before the ,committee on ,small ,business of the ,house of ,representatives and the ,committee on ,small ,business and ,entrepreneurship of the ,senate to provide information on the effectiveness of ,federal procurement programs operated by the ,administration1 including-- 7#a7 the number of small business concerns that participate in each such program2 7#b7 the number of contracts and total dollar amount awarded through a competition restricted to small business concerns under each such program2 7#c7 the number of sole source contracts and total dollar amount awarded to small business concerns under each such program2 7#d7 a description of assistance provided by the ,administration or resource partners to small business concerns that participate in each such program2 and 7#e7 any other data relating to tracking the long-term success and growth of small business concerns that participate in such programs4 4 #djb4 ,improvements to accuracy in ,federal small business spending ,section #ae7;g7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fdd7;g77 is amended by adding at the end the following new paragraph3 7#d7 ,limitation on credit for meeting contracting goals 7,a7 ,in general ,a ,federal agency may allocate credit for a single prime contract not more than two times for purposes of demonstrating compliance with the ,governmentwide goals established under paragraph 7#a77;,a74 7,b7 ,allocation of credit ,the first allocation of credit described in subparagraph 7,a7 shall be applied toward the goal described in paragraph 7#a77;,a77i74 ,a second allocation of such credit shall be applied as follows3 7i7 ,if the prime contract was awarded pursuant to a requirement to set aside such prime contract for a small business concern described in clause 7ii71 7iii71 7iv71 or 7v7 of paragraph 7#a77;,a71 the credit shall be applied toward the goal described in the appropriate clause that corresponds with the award4 7ii7 ,if the prime contract was not awarded pursuant to a requirement to set aside such prime contract for a small business concern described in clause 7ii71 7iii71 7iv71 or 7v7 of paragraph 7#a77;,a71 the credit shall be applied toward any applicable goal described in such paragraph 7#a77;,a74 7,c7 ,credit defined ,in this paragraph1 the term credit means the value of a prime contract4 4 #djc4 ,strengthening subcontracting 7a7 ,information on first tier subcontractors ,section #h7;d7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;d77 is amended by adding at the end the following new paragraph3 7#ah7 ,information on first tier subcontractors 7,a7 ,in general ,not later than seven days after a prime contractor awards a subcontract to a first tier subcontractor that is small business concern under a contract with respect to which such prime contractor is required to develop a subcontracting plan under paragraph 7#d7 or 7#e71 the prime contractor shall provide to the contracting officer for such contract-- 7i7 a list of all first tier subcontractors for such contract that are small business concerns2 and 7ii7 the contact information described in subparagraph 7,b74 7,b7 ,contact information ,not later than three days before the date on which a prime contractor is required to provide information for a contract to a contracting officer under subparagraph 7,a71 each first tier subcontractor of such prime contractor for such contract shall provide to such prime contractor contact information that is-- 7i7 for an individual in the employ of such subcontractor2 and 7ii7 unrelated to any relationship of the subcontractor with the prime contractor as a subcontractor4 4 7b7 ,questionnaire on prime contractor engagement with certain subcontractors 7#a7 ,development ,the ,administrator shall develop a questionnaire to collect feedback from first tier subcontractors that are small business concerns regarding the engagement of a prime contractor with such subcontractor during the performance of a subcontract the prime contractor awarded to such subcontractor4 7#b7 ,availability ,the ,administrator shall make such questionnaire available to ,federal agencies4 7#c7 ,use of questionnaires 7,a7 ,in general ,each head of a ,federal agency shall require contracting officers for such ,federal agency to-- 7i7 distribute to first tier subcontractors that are small business concerns voluntary questionnaires regarding the engagement of a prime contractor with such subcontractor during the performance of a subcontract the prime contractor awarded to such subcontractor2 and 7ii7 collect such questionnaires from such first tier subcontractors that elect to respond to such questionnaires4 7,b7 ,past performance record ,a contracting officer may use such questionnaires in any system used by the ,federal ,government to monitor or record past performance of the prime contractor4 7#d7 ,confidentiality ,a contracting officer shall not disclose the contents of a questionnaire described in paragraph 7#a7 to the prime contractor for the contract to which such questionnaire relates unless the respondent to such questionnaire consents to such disclosure4 7#e7 ,definitions ,in this subsection1 the terms ,federal agency1 first tier subcontractor1 and prime contractor have the meanings given1 respectively1 in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb74 7c7 ,enhancing subcontracting reporting accountability ,section #h7;d7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcg7;d77 is amended-- 7#a7 in paragraph 7#g77;,b71 by adding at the end the following3 ,the timeliness with which a contractor submits reports required pursuant to paragraph 7#f77;,e7 shall be considered in any past performance evaluation of such contractor undertaken by the agency4 2 and 7#b7 in paragraph 7#i7-- 7,a7 in subparagraph 7,a71 by adding or at the end2 7,b7 in subparagraph 7,b71 by striking or at the end2 7,c7 by striking subparagraph 7,c72 7,d7 by striking may be considered and inserting shall be considered2 and 7,e7 by adding after contract4 the following3 ,the failure of any contractor or subcontractor to comply with assurances provided under paragraph 7#f77;,e7 shall be considered a material breach of the relevant contract or subcontract and shall negatively affect any past performance evaluations of the contractor or subcontractor if the contractor or subcontractor did not correct such failure44 ,v ,small ,business ,administration ,duplication #eja4 ,eliminate programs duplicating private sector 7a7 ,community ,navigator ,pilot ,program ,section #ejjd7;d7 of the ,american ,rescue ,plan ,act of #bjba 7#ae ,u4,s4,c4 #ijac7;d77 is amended by striking ,december #ca1 #bjbe and inserting the date of the enactment of the ,,improve the ,,sba ,act4 7b7 ,growth ,accelerators ,fund ,competition program ,the ,administrator may not carry out the ,growth ,accelerators ,fund ,competition program or any similar program or initiative not specifically authorized by law4 7c7 ,regional ,innovation ,clusters initiative ,the ,administrator may not carry out the ,regional ,innovation ,clusters initiative or any similar program or initiative not specifically authorized by law4 #ejb4 ,entrepreneurial development service limits ,the ,small ,business ,act 7#ae ,u4,s4,c4 #fca et seq47 is amended-- 7#a7 by redesignating section #di as section #ea2 and 7#b7 by inserting after section #dh the following new section3 #di4 ,use of authorized entrepreneurial development programs ,notwithstanding any other provision of law1 the ,administrator shall only deliver entrepreneurial development services and entrepreneurial education through a program authorized under section #g7;j71 #g7m71 #h7;a71 #h7;b77#a71 #ba1 #bb1 #bi1 or #cb of this ,act4 4 #ejc4 ,limitation on new pilot programs until ,inspector ,general recommendations closed ,paragraph 7#c7 of section #aj7;e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci7;e771 as added by section #hja7;b71 is amended by adding at the end the following new subparagraph3 7,d7 ,limit on new pilot programs ,the ,administrator may not begin any new pilot program not specifically authorized by ,congress unless1 with respect to each recommendation made to the ,administration by the ,inspector ,general of the ,small ,business ,administration1 the ,administrator has-- 7i7 made the determination described in subparagraph 7,a72 7ii7 submitted the report required under subparagraph 7,c72 and 7iii7 if the ,administrator determines to implement such recommendation-- 7,i7 implemented the recommendation2 and 7,,ii7 submitted to the ,inspector ,general sufficient evidence of such corrective action1 as determined by the ,inspector ,general4 4 ,,vi ,prohibition of ,ineligible ,use of ,funds #fja4 ,prohibition on certain small business concerns 7a7 ,in general ,the ,administrator may not provide assistance under any program of the ,administration to the following3 7#a7 ,an entity primarily engaged in lobbying activities1 as defined in section #c of the ,lobbying ,disclosure ,act of #aiie 7#b ,u4,s4,c4 #afjb74 7#b7 ,an entity established for the purpose of conducting public policy research or for engaging in policy advocacy or political strategy1 or that otherwise is known as a think tank4 7#c7 ,an entity-- 7,a7 organized under the laws of the ,people's ,republic of ,china or the ,special ,administrative ,region of ,hong ,kong2 7,b7 for which the headquarters or the principal place of business is located in the ,people's ,republic of ,china1 including the ,special ,administrative ,region of ,hong ,kong2 7,c7 for which an entity described in subparagraph 7,b7 owns or holds1 directly or indirectly1 not less than #bj percent of the economic interest of the business concern or entity1 including as equity shares or a capital or profit interest in a limited liability company or partnership2 or 7,d7 that retains1 as a member of the board of directors of the entity1 an individual who is a resident of the ,people's ,republic of ,china1 including the ,special ,administrative ,region of ,hong ,kong4 7#d7 ,a person required to submit a registration statement under section #b of the ,foreign ,agents ,registration ,act of #aich1 as amended 7#bb ,u4,s4,c4 #fab74 7#e7 ,a labor organization that is described in section #eja7;c77#e7 of the ,internal ,revenue ,code of #aihf and that is exempt from taxation under section #eja7;a7 of such ,code4 7#f7 ,the ,planned ,parenthood ,federation of ,america1 ,inc41 or any affiliate or clinic of ,planned ,parenthood ,federation of ,america1 ,inc4 7#g7 ,a person convicted of an offense relating to a misdemeanor or felony assault of a law enforcement officer1 or convicted of a felony for actions during or in connection with a riot that resulted in the destruction of a small business concern 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb774 #fjb4 ,use of proceeds ,the proceeds of a loan made or guaranteed by the ,administrator may not be used for the following3 7#a7 ,prepayment of commercial debt4 7#b7 ,repayment of ,federal debt obligations4 ,,vii ,ensure ,all ,small ,businesses are ,served #gja4 ,small business concern equal treatment ,the ,small ,business ,act 7#ae ,u4,s4,c4 #fca71 as amended by section #ejb1 is further amended by inserting after section #di the following new section3 #ej4 ,small business concern equal treatment 7a7 ,in general ,except as provided in subsection 7b7 and notwithstanding any other provision of law1 the order in which any assistance1 benefit1 or award offered by a program administered by or under the authority of the ,administration is provided to individuals and entities eligible for such assistance1 benefit1 or award shall be determined on a first-come1 first-served basis4 7b7 ,eligibility determination ,for the purposes of a program described in subsection 7a71 an individual or entity may not be determined ineligible to apply for or receive any assistance1 benefit1 or award provided under or through such a program solely on the basis of a program requirement that only certain other individuals or entities are eligible to apply for or receive such assistance1 benefit1 or award in a specified period if1 after such period1 such individual or entity would be so eligible4 7c7 ,exclusions ,this section does not apply with respect to any program under section #h7;a71 #h7;d71 #bi1 or #ca1 or any other procurement program administered by or under the authority of the ,administration4 7d7 ,rules of construction 7#a7 ,other program requirements ,except as provided in this section1 nothing in this section may be construed as modifying or eliminating any requirement of any program described in subsection 7a74 7#b7 ,applicability to subsequent law ,no provision of law enacted after the date of the enactment of this section may be construed as limiting1 superceding1 or otherwise affecting this section1 except to the extent that it does so by specific reference to this section4 4 ,,viii ,inspector ,general of the ,small ,business ,administration #hja4 ,clarification of the responsibilities of the ,administrator with respect to the ,inspector ,general of the ,small ,business ,administration 7a7 ,implementation of covered recommendations 7#a7 ,in general ,not later than #de days after the date on which the ,inspector ,general of the ,small ,business ,administration issues a covered recommendation1 the ,administrator shall determine whether to implement such covered recommendation4 7#b7 ,covered recommendation defined ,in this subsection1 the term covered recommendation means a recommendation made by the ,inspector ,general of the ,small ,business ,administration resulting from a situation for which the ,president declares-- 7,a7 an emergency under section #eja of the ,robert ,t4 ,stafford ,disaster ,relief and ,emergency ,assistance ,act 7#db ,u4,s4,c4 #eaia72 7,b7 a major disaster under section #dja of such ,act 7#db ,u4,s4,c4 #eagj72 or 7,c7 a national emergency under section #bja7;a7 of the ,national ,emergencies ,act 7#ej ,u4,s4,c4 #afba7;a774 7b7 ,determinations on recommendations ,section #aj7;e7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci71 as amended by section #ajb7;b71 is further amended by adding at the end the following new paragraph3 7#c7 ,determinations on recommendations 7,a7 ,in general ,not later than #aj days after the date on which the ,inspector ,general issues a recommendation1 the ,administrator shall make a determination whether or not to implement such recommendation4 7,b7 ,implementation ,not later than #ij days after the date on which the ,administrator makes a determination to implement a recommendation described under subparagraph 7,a71 the ,administrator shall fully implement such recommendation4 7,c7 ,report ,not later than #ij days after the date on which the ,administrator makes a determination under subparagraph 7,a71 the ,administrator shall submit to the ,inspector ,general a report describing the reasoning for the determination4 4 7c7 ,report on fraud recoupment ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci71 as amended by this ,act1 is further amended by adding at the end the following new subsection3 7l7 ,report on fraud recoupment ,not later than the date that is #c months after the end of the fiscal year in which this subsection is enacted1 and not later than the date that is three months after the end of each fiscal year thereafter1 the ,inspector ,general of the ,small ,business ,administration shall submit to the ,committee on ,small ,business of the ,house of ,representatives and the ,committee on ,small ,business and ,entrepreneurship of the ,senate a report on the dollar amount and incidence of fraud recoupment for the ,administration for the fiscal year preceding the date of the report4 4 ,,ix ,office of ,advocacy #ija4 ,testimony of the ,chief ,counsel for ,advocacy ,the ,chief ,counsel for ,advocacy of the ,small ,business ,administration shall annually appear before the ,committee on ,small ,business of the ,house of ,representatives and the ,committee on ,small ,business and ,entrepreneurship of the ,senate after each report submitted under section #fab7;a7 of title #e1 ,united ,states ,code1 to testify on such report and any ,federal agency rule that will have a significant economic impact on a substantial number of small entities 7as defined under chapter #f of such title71 as determined by the ,chief ,counsel for ,advocacy of the ,small ,business ,administration4 #ijb4 ,quarterly reports by the ,chief ,counsel for ,advocacy ,section #bjf of ,public ,law #id-cje 7#ae ,u4,s4,c4 #fcd;f7 is amended-- 7#a7 by striking ,the ,chief ,counsel and inserting the following3 7a7 ,in general ,the ,chief ,counsel 2 and 7#b7 by adding at the end the following new subsection3 7b7 ,quarterly reports ,the ,chief ,counsel shall publish a quarterly economic report and analysis on a website of the ,office of ,advocacy that includes metrics and analysis on inflation and labor and business market conditions for the quarter covered by such report4 4 #ijc4 ,amendment to primary functions and duties of the ,office of ,advocacy of the ,small ,business ,administration 7a7 ,primary functions ,section #bjb of ,public ,law #id-cje 7#ae ,u4,s4,c4 #fcd;b7 is amended-- 7#a7 in paragraph 7#a71 by inserting and the international economy after economy2 7#b7 in paragraph 7#c7-- 7,a7 by inserting and compile in a public repository after measure2 and 7,b7 by inserting and indirect after direct costs2 7#c7 in paragraphs 7#f7 and 7#g71 by inserting and rural enterprises after minority enterprises2 7#d7 in paragraph 7#h71 by striking minority and inserting minority enterprises1 rural enterprises12 7#e7 in paragraph 7#i71 by striking complete and inserting compete2 and 7#f7 in paragraph 7#ab71 by striking serviced-disabled and inserting service-disabled4 7b7 ,duties ,section #bjc7;a7 of ,public ,law #id-cje 7#ae ,u4,s4,c4 #fcd;c7 is amended-- 7#a7 in paragraph 7#c71 by inserting and the ,small ,business ,investment ,act of #aieh after ,small ,business ,act2 7#b7 in paragraph 7#e71 by striking and at the end2 7#c7 in paragraph 7#f71 by striking the period at the end and inserting 2 and2 and 7#d7 by adding at the end the following3 7#g7 represent the views and interests of small businesses before foreign governments and international entities for the purpose of contributing to regulatory and trade initiatives which may affect small businesses4 4 ,x ,small ,business ,administration as a ,representative of ,small ,businesses #ajja4 ,economic headwinds report ,section #aj of the ,small ,business ,act 7#ae ,u4,s4,c4 #fci71 as amended by this ,act1 is further amended by adding at the end the following new subsection3 7m7 7#a7 ,not later than the date that is #abj days after the date of the enactment of this subsection1 and annually thereafter1 the ,administrator shall submit to ,congress a report on the effects on small business concerns of-- 7,a7 the burden of regulatory compliance in the most recently completed fiscal year prior to the date on which such report is submitted2 7,b7 an annual increase greater than two percent in the ,consumer ,price ,index for all-urban consumers1 ,united ,states city average1 as published by the ,bureau of ,labor ,statistics1 or if such index shall cease to be published1 any successor index or reasonable substitute thereof2 and 7,c7 any increases by the ,government in any government spending or supplemental unemployment benefits provided for by law in effect on the date of the enactment of this subsection in the most recently completed year prior to the date on which such report is submitted4 7#b7 ,during the three-year period beginning on the date of the enactment of this ,act1 in addition to the information described in subparagraphs 7,a7 through 7,c7 of paragraph 7#a71 the ,administrator shall include in the report required under such paragraph the following3 7,a7 ,an analysis of the effects on small business concerns of the social restrictions imposed by ,federal1 ,state1 or local governments in response to ,,covid-#ai1 including curfews1 quarantines1 capacity limits1 and social gathering restrictions4 7,b7 ,an analysis of the effects on small business concerns of increasing the corporate tax rate1 the individual tax rate1 the capital gains rate1 the deduction under section #aii;,a of the ,internal ,revenue ,code of #aihf1 and the estate tax1 including by eliminating the step up in basis4 7,c7 ,an analysis of the effects on small business concerns of an increase in the ,federal minimum wage to #ae per hour4 7,d7 ,an analysis of the effects on small business concerns of supply chain disruptions in the most recently completed year prior to the date on which such report is submitted4 4