,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cfhb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #ag1 
#bjbb,ms4 ,ernst introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to increase the loan limits    
under the business loan program and the 
#ejd loan program of the ,small         
,business ,administration for businesses
 principally engaged in agriculture1    
manufacturing1 or production of critical
 and emerging technologies1 and for     
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,american      
,small ,business ,competition ,act of   
#bjbb4  #b4 ,loan limits  7a7 ,business 
loan program ,section #g7;a77#c7 of the 
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;a77#c77 is amended-- 7#a7 in      
subparagraph 7,a71 by striking          
subparagraph 7,b7 and inserting         
subparagraphs 7,b7 and 7,c72  7#b7 in   
subparagraph 7,b71 by striking and at   

the end2  7#c7 by redesignating         
subparagraph 7,c7 as subparagraph 7,d72 
and  7#d7 by inserting after            
subparagraph 7,b7 the following3  7,c7  
if the total amount outstanding and     
committed 7by participation or          
otherwise7 to the borrower from the     
business loan and investment fund       
established by this ,act would exceed   
#g1ejj1jjj 7or if the gross loan amount 
would exceed #aj1jjj1jjj71 for a small  
business concern-- 7i7 that is          
principally engaged in agriculture1     
manufacturing1 or production of a       
technology listed on the ,critical and  
,emerging ,technologies ,list issued by 
the ,national ,security ,council1 or any
 successor thereto2  7ii7 for which the 
headquarters of the small business      
concern is located in the ,united       
,states2 and  7iii7 that includes in the
 application of the small business      
concern for the loan under this         
subsection information regarding any    
foreign individual or entity that owns  

not less than #e percent of the small   
business concern2 and  4  7b7 #ejd loan 
program ,section #ejb7b77;,a7 of the    
,small ,business ,investment ,act of    
#aieh 7#ae ,u4,s4,c4 #fif7b77;,a77 is   
amended-- 7#a7 in clause 7i71 by        
striking or 7v7 and inserting 7v71 or   
7vi72  7#b7 in clause 7iv71 by striking 
and at the end2  7#c7 in clause 7v71 by 
striking the period at the end and      
inserting 2 and2 and  7#d7 by adding at 
the end the following3  7vi7 #aj1jjj1jjj
 for each project of a small business   
concern principally engaged in          
agriculture1 manufacturing1 or          
production of a technology listed on the
 ,critical and ,emerging ,technologies  
,list issued by the ,national ,security 
,council1 or any successor thereto4  4  
#c4 ,report regarding access to capital 
for small businesses ,not later than #a 
year after the date of enactment of this
 ,act1 the ,administrator of the ,small 
,business ,administration shall submit  
to ,congress a report that-- 7#a7       

provides a description of the effect of 
inflation and supply chain disruption   
during the #c-year period ending on the 
date of enactment of this ,act on the   
cost to small business concerns 7as     
defined under section #c of the ,small  
,business ,act 7#ae ,u4,s4,c4 #fcf77 of 
obtaining access to capital1            
disaggregated by industry2 and  7#b7    
makes recommendations1 in partnership   
with the ,office of ,advocacy of the    
,small ,business ,administration1 on how
 to support access to capital for small 
business concerns involved in domestic  
manufacturing1 agriculture1 and         
production of technologies listed on the
 ,critical and ,emerging ,technologies  
,list issued by the ,national ,security 
,council1 or any successor thereto4