,,ii  #aahth ,,congress  #ast ,session  
,s4 #acfi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #bg1    
#bjbc,mr4 ,rubio introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to expand access to capital in 
underserved markets by providing        
resources for the ,small ,business      
,administration to approve additional   
,non-,federally ,regulated ,lenders to  
make business loans guaranteed by the   
,small ,business ,administration to     
small business concerns in low-income   
and moderate-income neighborhoods4  #a4 
,short title ,this ,act may be cited as 
the ,fair ,access to ,small ,business   
,lending ,act of #bjbc4  #b4 ,fair      
access to small business lending        
,section #g7;a77#ag7 of the ,small      
,business ,act 7#ae ,u4,s4,c4           
#fcf7;a77#ag77 is amended-- 7#a7 by     
striking 7#ag7 ,the ,administration and 
inserting the following3  7#ag7         

,authorization of lenders  7,a7 ,in     
general ,the ,administration  2 and     
7#b7 by adding at the end the following3
  7,b7 ,access to capital for           
underserved markets  7i7 ,definitions   
,in this subparagraph-- 7,i7 the term   
covered ,non-,federally ,regulated      
,lender means a ,non-,federally         
,regulated ,lender 7as defined in       
section #abj4aj of title #ac1 ,code of  
,federal ,regulations1 or any successor 
thereto7 that-- 7aa7 has not been       
approved to make loans guaranteed under 
this subsection2 and  7bb7 meets the    
applicable criteria for authorizing     
lenders to make loans guaranteed under  
this subsection2 and  7,,ii7 the term   
low or moderate-income neighborhood     
means a neighborhood that is a          
low-income neighborhood or a            
moderate-income neighborhood1 for the   
purposes of the ,community ,reinvestment
 ,act of #aigg 7#ab ,u4,s4,c4 #bija et  
seq474  7ii7 ,initiative  7,i7 ,in      
general ,the ,administrator1 acting     

through the ,office of ,credit ,risk    
,management1 shall carry out an         
initiative to authorize covered         
,non-,federally ,regulated ,lenders to  
make loans guaranteed under this        
subsection that is targeted to expanding
 the availability of loans guaranteed   
under this subsection to small business 
concerns that are located in a low or   
moderate-income neighborhood4  7,,ii7   
,authority ,under the initiative under  
subclause 7,i71 the ,administrator may  
not approve a covered ,non-,federally   
,regulated ,lender to only be eligible  
to make loans guaranteed under the      
,community ,advantage ,pilot ,program of
 the ,administration4  7,,iii7 ,lenders 
,a covered ,non-,federally ,regulated   
,lender that becomes authorized to make 
loans guaranteed under this subsection  
under the initiative under subclause    
7,i7 shall ensure that not less than #ej
 percent of the loans made by the       
covered ,non-,federally ,regulated      
,lender that are guaranteed under this  

subsection are made to small business   
concerns that are located in a low or   
moderate-income neighborhood4  7iii7    
,funding ,for fiscal year #bjbc1 and    
each fiscal year thereafter1 there is   
appropriated to the ,administrator1 out 
of any money in the ,treasury not       
otherwise appropriated1 such sums as are
 necessary to carry out the initiative  
under clause 7ii74  4