,,ii  #aagth ,,congress  #ast ,session  
,s4 #agd  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,february #b1       
#bjba,mr4 ,rubio 7for himself1 ,mr4     
,risch1 and ,ms4 ,collins7 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#b771 as amended by section    
#cbf7;a77#a7 of the ,economic ,aid to   
,hard-,hit ,small ,businesses1          
,nonprofits1 and ,venues ,act1 is       
amended-- 7,a7 in subparagraph 7,a7--   
7i7 by striking 7,e71 and 7,f7 and      
inserting and 7,e712 and  7ii7 by       
striking #ij percent and inserting #ie  
percent2  7,b7 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,c7 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 by      
striking subparagraph 7,a7 and inserting
 the following3  7,a7 ,in general       
,except as provided in subparagraphs    
7,b71 7,d71 7,e71 and 7,f71 in an       

agreement to participate in a loan on a 
deferred basis under this subsection    
7including a loan made under the        
,preferred ,lenders ,program71 such     
participation by the ,administrator     
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  7,b7 by redesignating     
subparagraph 7,e7 as subparagraph 7,f72 
and  7,c7 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  7#c7 ,repeal of other      
prospective amendment ,section          
#cbf7;a77#b7 of the the ,economic ,aid  
to ,hard-,hit ,small ,businesses1       
,nonprofits1 and ,venues ,act is        
repealed4  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