,,ii #aagth ,,congress #ast ,session ,s4 #ccdi ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #i1 #bjba,mr4 ,risch 7for himself1 ,mr4 ,hickenlooper1 ,ms4 ,cortez ,masto1 ,mr4 ,marshall1 and ,mr4 ,kennedy7 introduced the following bill2 which was read twice and referred to the ,committee on ,small ,business and ,entrepreneurship ,a ,,bill ,to require the ,administrator of the ,small ,business ,administration to provide applicants for certain loans and grants with updates with respect to those applications1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,streamlining ,,eidl ,act4 #b4 ,definitions ,in this ,act-- 7#a7 the term ,administration means the ,small ,business ,administration2 7#b7 the term ,administrator means the ,administrator of the ,administration2 7#c7 the terms compliance and improper payment have the meanings given the terms in section #ccea of title #ca1 ,united ,states ,code2 7#d7 the term covered application-- 7,a7 means an application that is-- 7i7 for any assistance provided under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b771 including any loan or grant made under section #aaaj of the ,,cares ,act 7#ae ,u4,s4,c4 #ijji72 and 7ii7 submitted to the ,administrator on or after the date of enactment of this ,act2 and 7,b7 includes an application that is-- 7i7 for an increase with respect to assistance that is-- 7,i7 described in subparagraph 7,a77i72 and 7,,ii7 provided to the applicant before the date of enactment of this ,act2 and 7ii7 submitted to the ,administrator on or after the date of enactment of this ,act2 and 7#e7 the term covered assistance means a loan or grant made under section #g7;b77#b7 of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcf7;b77#b771 including under section #aaaj of the ,,cares ,act 7#ae ,u4,s4,c4 #ijji71 related to ,,covid-#ai4 #c4 ,,eidl loans 7a7 ,requirements ,the ,administrator shall-- 7#a7 not later than #g days after the date on which the ,administrator receives a covered application1 provide the applicant with-- 7,a7 notice that the ,administrator has received the application2 and 7,b7 information regarding an office or official of the ,administration that the applicant may contact in the event that the applicant has questions regarding the application2 7#b7 not later than #ba days after the date on which the ,administrator receives a covered application1 provide the applicant with-- 7,a7 a written report detailing the status of the application and any requirements for completion of the application1 including any external or internal delays2 and 7,b7 an explanation regarding the appeals process with respect to a covered application that the ,administrator disapproves2 and 7#c7 not later than #de days after the date on which the ,administrator receives a completed covered application that is in accordance with all applicable requirements1 including such requirements as the ,administrator may prescribe by regulation-- 7,a7 review the application in its entirety2 and 7,b7 7i7 approve the application and make the loan 7or the increase in the loan amount7 that is the subject of the covered application if all applicable requirements with respect to the applicable loan are satisfied2 or 7ii7 disapprove the application and notify the applicant in writing of the disapproval4 7b7 ,review and reporting ,not later than #ij days after the date of enactment of this ,act1 the ,administrator shall-- 7#a7 conduct a comprehensive review of the process for submitting a covered application1 which shall focus on ways to ensure that applicants submitting covered applications-- 7,a7 are not asked to submit materials with respect to such an application more than once2 7,b7 receive timely responses and updates from the ,administrator with respect to those covered applications1 including the information required under paragraphs 7#a7 and 7#b7 of subsection 7a72 and 7,c7 receive the loans 7or loan increases7 sought in those covered applications in a manner that complies with subsection 7a77#c72 and 7#b7 submit to ,congress a report regarding the review conducted under paragraph 7#a74 #d4 ,reports 7a7 ,report on implementation of ,inspector ,general recommendations ,not later than #ij days after the date of enactment of this ,act1 the ,administrator shall submit to ,congress a report on the specific steps that the ,administration has taken to meet the recommendations provided by the ,inspector ,general of the ,administration in the report issued on ,may #f1 #bjba1 entitled ,,sba's ,handling of ,identity ,theft in the ,,covid-#ai ,economic ,injury ,disaster ,loan ,program1 which shall include a description of-- 7#a7 the system that the ,administration has developed to maintain and track all identity theft complaints related to covered assistance2 7#b7 how the ,administration is providing guidance1 assistance1 and status updates to complainants that allege their identity has been stolen2 7#c7 how the ,administration is restoring identity theft victims to their condition prior to fraud1 including details on how the ,administration will file collateral releases and specify if the ,administration or the complainant is paying for costs to file ,uniform ,commercial ,code lien release documents2 7#d7 the process of the ,administration for removing fraudulent covered assistance1 and related ,uniform ,commercial ,code filing fees1 from the financial records of the ,administration1 including how-- 7,a7 the system described in paragraph 7#a7-- 7i7 will charge off and remove partially or fully disbursed covered assistance from the financial records2 and 7ii7 addresses charge off or removal of related ,uniform ,commercial ,code filing fees2 and 7,b7 the ,administration is differentiating between-- 7i7 routine defaults in covered assistance that-- 7,i7 have been or will be charged off2 and 7,,ii7 are required to be submitted to the ,department of the ,treasury for collection2 and 7ii7 identity theft-related covered assistance that the ,administration is required to charge off without being sent to the ,department of the ,treasury for collection2 7#e7 the process of the ,administration for tracking the recovery of funds from fraudsters to offset the outstanding identity theft-related covered assistance before any charge off action2 and 7#f7 actions the ,administration has taken to recover improper payments related to identity theft-related covered assistance and how the ,administration is taking steps to be in compliance4 7b7 ,regular reports ,the ,administrator shall submit to ,congress-- 7#a7 a monthly report that1 in order to identify individual allegations of identity theft that have not been refiled1 reconciles-- 7,a7 applications submitted during the period beginning on ,march #a1 #bjbj1 and ending on ,january #ca1 #bjba1 for covered assistance based on identity theft allegations2 and 7,b7 applications based on refiled allegations of identity theft relating to the covered assistance described in subparagraph 7,a72 and 7#b7 not later than #ahj days after the date on which the first report under paragraph 7#a7 is submitted1 a detailed plan on how the ,administration will attempt1 or has attempted1 to contact the remaining individuals whose identity theft allegations have not been refiled4