,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #cfjd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #bc1 #bjbc,mr4   
,donalds 7= himself & ,mr4 ,cr[7        
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,small ,bus9ess  ,a    
,,bill  ,to au?orize ! ,adm9i/rator ( ! 
,small ,bus9ess ,adm9i/ration to lic5se 
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$it = ,small ,bus9esses    
,act4  #b4 ,lic5s+ ( l5d+ in/itutions   
7a7 ,9 g5]al ,section #g7;a77#ag7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a77#ag77 is am5d$ to read z       
foll[s3  7#ag7 ,lic5s+ ( l5d+           
in/itutions  7,a7 ,9 g5]al ,!           
,adm9i/ration may lic5se l5d+           
in/itutions to make loans au?oriz$ "u   
?is subsection4  7,b7 ,crit]ia ,9       
au?oriz+ l5d+ in/itutions "u subp>agraph
 7,a71 ! ,adm9i/rator %all ensure t ea* 
su* in/itution-- 7i7 provides an        

indep5d5t audit by a ?ird p>ty or       
int]nal audit dep>tm5t t exam9es adh]5ce
 to all applicable ,f$]al laws &        
regulations relat+ to anti-money        
laund]+1 t]rori/ f9anc+1 sanctions1 &   
f9ancial crimes2 &  7ii7 has 9 place a  
compliance program t con=ms ) !         
requirem5ts describ$ 9 ! ,bank ,secrecy 
,act_/,anti-,money ,laund]+ ,exam9ation 
,manual ( ! ,f9ancial ,in/itutions      
,exam9ation ,c\ncil & o!r applicable    
,f$]al anti-money laund]+ regulatory    
guidance1 includ+-- 7,i7 an annual      
f9ancial crimes risk assessm5t2  7,,ii7 
designation ( an individual to s]ve z an
 anti-money laund]+ (fic]2  7,,iii7 a   
cu/om] id5tification program2  7,,iv7   
cu/om] due dilig5ce & enhanc$ 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/rator 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 ( ?is      
p>agraph1 ! ,adm9i/rator %all beg9      
accept+ applications = ! lic5s+ ( l5d+  
in/itutions4  7,e7 ,reports ,n lat] ?an 
#a ye> aft] ! date ( ! enactm5t ( ?is   
p>agraph1 & annually !reaft]1 !         
,adm9i/rator %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$+ ! report-- 7i7 ! numb] ( l5d+    
in/itutions t appli$ to make loans "u   
?is subsection2  7ii7 ! numb] ( su* l5d+
 in/itutions t ! ,adm9i/rator approv$ to
 make loans "u ?is subsection2  7iii7 ! 
reason = any d5ial ( an application (   
su* a l5d+ in/itution2  7iv7 ! numb] &  
total am\nt ( loans made by "u ?is      
subsection by l5d+ in/itutions2 &  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/rator to regulate small bus9ess
 l5d+ companies1 non-,f$]ally regulat$  
l5d]s1 or nondepository l5d+            
in/itutions1 or banks4  7,g7 ,def9itions
 ,9 ?is p>agraph3 7i7 ,bank ,! t]m bank 
has ! mean+ giv5 9 section #c ( ! ,f$]al
 ,deposit ,insurance ,act4  7ii7 ,l5d+  
in/itution ,! t]m l5d+ in/itution has ! 
mean+ giv5 su* t]m by ! ,adm9i/rator &  
%all include a small bus9ess l5d+       
company1 a non-,f$]ally regulat$ l5d]1 a
 nondepository l5d+ in/itution1 or a    
bank4  7iii7 ,non-,f$]ally regulat$     
l5d]2 small bus9ess l5d+ company ,! t]ms
 non-,f$]ally regulat$ l5d] & small     
bus9ess l5d+ company h ! mean+s giv51   
respectively1 "u section #bc4  4  7b7   
,au?orization ( appropriations ,!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+    
in/itutions & o!r entities z describ$ "u
 p>agraph 7#ag7 ( section #g7;a7 ( !    
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;a771 z add$ by subsection 7a74