,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bfij  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #aj1 #bjba,mr4  
,scott ( ,s\? ,c>ol9a 7= himself & ,mr4 
,hick5loop]7 introduc$ ! foll[+ bill2   
:i* 0 read twice & ref]r$ to !          
,committee on ,small ,bus9ess &         
,entrepr5eur%ip  ,a ,,bill  ,to require 
! ,small ,bus9ess ,adm9i/ration to      
lic5se new l5d+ in/itutions to make     
loans "u section #g7;a7 ( ! ,small      
,bus9ess ,act1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,exp&+ ,access to ,af=dable ,cr$it =    
,small ,bus9esses ,act4  #b4 ,lic5s+ (  
small bus9ess l5d+ companies  7a7 ,9    
g5]al ,section #g7;a77#ag7 ( ! ,small   
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7;a77#ag77 is am5d$ to read z       
foll[s3  7#ag7 ,lic5s+ ( small bus9ess  
l5d+ companies  7,a7 ,9 g5]al ,!        
,adm9i/ration %all au?orize l5d+        
in/itutions & o!r entities1 includ+     
small bus9ess l5d+ companies1           
non-,f$]ally regulat$ l5d]s1 &          

non-depository l5d+ in/itutions1 9      
addition to banks to make loans au?oriz$
 "u ?is subsection4  7,b7 ,crit]ia ,9   
au?oriz+ l5d+ in/itutions & o!r entities
 "u subp>agraph 7,a71 ! ,adm9i/ration   
%all ensure t ea* su* in/itution or o!r 
entity-- 7i7 provides an indep5d5t audit
 by a ?ird p>ty or int]nal indep5d5t    
audit dep>tm5t t exam9es adh]5ce to all 
applicable ,f$]al anti-money laund]+1   
t]rori/ f9anc+1 sanctions1 & f9ancial   
crimes laws & regulations2 &  7ii7 has 9
 place a compliance program t is design$
 to be 9 con=mance ) all relevant       
anti-money laund]+ laws & regulations   
expectations describ$ 9 ! ,f$]al        
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,bank ,secrecy                  
,act_/,anti-,money ,laund]+ ,exam9ation 
,manual & o!r regulatory guidance1      
includ+-- 7,i7 an annual f9ancial crimes
 risk assessm5t2  7,,ii7 designation (  
an anti-money laund]+ ,(fic]2  7,,iii7 a
 cu/om] id5tification program2  7,,iv7  
cu/om] due dilig5ce & enhanc$ due       

dilig5ce2  7,v7 suspici\s activity      
monitor+ & report+2  7,,vi7 in=mation   
%>+2  7,,vii7 record ret5tion2  7,,viii7
 sanctions implem5t$ by ! ,(fice (      
,=eign ,assets ,control2  7,,ix7 annual 
employee tra9+1 includ+ g5]al tra9+ &   
job-specific tra9+2 &  7,x7 monitor+ &  
te/+4  7,c7 ,prohibition on moratorium  
,! ,adm9i/ration may n impose a         
moratorium on ! lic5s+ ( l5d+           
in/itutions describ$ 9 subp>agraph 7,a74
  7,d7 ,new applicants ,n lat] ?an #a   
ye> aft] ! date ( enactm5t ( ! ,exp&+   
,access to ,af=dable ,cr$it = ,small    
,bus9esses ,act1 ! ,adm9i/ration %all   
beg9 accept+ applications = ! lic5s+ (  
l5d+ in/itutions describ$ 9 subp>agraph 
7,a74  7,e7 ,reports ,n lat] ?an #a ye> 
aft] ! date ( enactm5t ( ! ,exp&+       
,access to ,af=dable ,cr$it = ,small    
,bus9esses ,act1 & annually !reaft]1 !  
,adm9i/ration %all submit to !          
,committee on ,small ,bus9ess &         
,entrepr5eur%ip ( ! ,s5ate & !          
,committee on ,small ,bus9ess ( ! ,h\se 

( ,repres5tatives a report t includes1 )
 respect to ! ye> prec$+ ! report-- 7i7 
! numb] ( l5d+ in/itutions & o!r        
entities describ$ 9 subp>agraph 7,a7 t  
appli$ to make loans "u ?is subsection2 
7ii7 ! numb] ( l5d+ in/itutions & o!r   
entities describ$ 9 subp>agraph 7,a7 t !
 ,adm9i/ration approv$ to make loans "u 
?is subsection2  7iii7 if ! application 
( a l5d+ in/itution or o!r entity       
describ$ 9 subp>agraph 7,a7 0 d5i$1 !   
reason :y = ea* su* d5ial2  7iv7 ! numb]
 & total am\nt ( loans made by "u ?is   
subsection by l5d+ in/itutions & o!r    
entities describ$ 9 subp>agraph 7,a72 & 
7v7 demographic in=mation on ! recipi5ts
 ( ! loans describ$ 9 clause 7iv74  7,f7
 ,rule ( con/ruction ,no?+ 9 ?is        
p>agraph %all be con/ru$ to provide     
au?ority to ! ,adm9i/ration to regulate 
small bus9ess l5d+ companies1           
non-,f$]ally regulat$ l5d]s1 or         
non-depository l5d+ in/itutions4  4  7b7
 ,fund+ ,!re is au?oriz$ to be          
appropriat$ = ! ,(fice ( ,cr$it ,risk   

,managem5t ( ! ,small ,bus9ess          
,adm9i/ration su* sums z may be necess>y
 to conduct ov]sight ( l5d]s au?oriz$ "u
 section #g7;a77#ag7 ( ! ,small ,bus9ess
 ,act 7#ae ,u4,s4,c4 #fcf7;a77#ag774