,,ib ,union ,calendar ,no4 #gde #aaith  
,,congress  #b;d ,session  ,h4 ,r4      
#ajcge ,report ,no4 #aai-hdh ,,in ,,the 
,,house ,,of ,,representatives          
,september #ad1 #bjbf,ms4 ,velzquez 7for
 herself and ,mr4 ,williams of ,texas7  
introduced the following bill2 which was
 referred to the ,committee on ,small   
,business  ,october #i1                 
#bjbf;,additional sponsors3 ,mr4 ,tran  
and ,mr4 ,cisneros  ,october #i1        
#bjbf;,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed  ,a    
,,bill  ,to amend the ,small ,business  
,investment ,act of #aieh to improve the
 loan guaranty program1 enhance the     
ability of small manufacturers to access
 affordable capital1 and for other      
purposes4  #a4 ,short title ,this ,act  
may be cited as the #ejd ,modernization 
and ,small ,manufacturer ,enhancement   
,act of #bjbf4  #b4 ,additions to policy
 goals for the development company      
program ,section #eja7;d77#c7 of the    

,small ,business ,investment ,act of    
#aieh 7#ae ,u4,s4,c4 #fie7;d77#c77 is   
amended-- 7#a7 by redesignating         
subparagraphs 7,a7 through 7,l7 as      
subparagraphs 7,b7 through 7,m71        
respectively2  7#b7 by inserting before 
subparagraph 7,b71 as so redesignated1  
the following3  7,a7 workforce          
development through work-based or       
work-integrated training1 which shall be
 satisfied by demonstrating that a small
 business concern that is a subject of  
the project has-- 7i7 a documented      
in-house training program1 the duration 
of which is not shorter than #ab weeks2 
or  7ii7 entered into a contract with an
 entity-- 7,i7 to provide trained       
applicants for any open position of     
employment at the small business        
concern2 and  7,,ii7 that ensures that  
any applicant provided to the small     
business concern under subclause 7,i7   
has undergone not fewer than #ab weeks  
of training that is relevant to the open
 position described in that subclause1  

2  7#c7 in subparagraph 7,l71 as so     
redesignated1 by striking producers1 or 
and inserting producers12  7#d7 in      
subparagraph 7,m71 as so redesignated1  
by striking the period at the end and   
inserting a comma2  7#e7 by inserting   
after subparagraph 7,m71 as so          
redesignated1 the following3  7,n7 aid  
revitalizing of an area for which a     
disaster has been declared or determined
 under subparagraph 7,a71 7,b71 7,c71 or
 7,e7 of section #g7;b77#b7 of the      
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;b77#b77 during the five-year      
period beginning on the date on which   
the disaster was declared or determined 
under such subparagraph1 except that the
 ,administrator may extend such period  
if1 for each extension of such period1  
the ,administrator determines that such 
extension will facilitate the recovery  
of such area from such disaster and such
 extension is for a period of one year1 
or  7,o7 expansion of small business    
concerns with #aj or fewer employees4  2

 and  7#f7 in the flush text following  
subparagraph 7,o71 as added by paragraph
 7#e71 by striking subparagraphs 7,j7   
and 7,k7 and inserting subparagraphs    
7,k7 and 7,l74  #c4 ,improvements to    
#ejd loan closing procedure ,title ,v of
 the ,small ,business ,investment ,act  
of #aieh 7#ae ,u4,s4,c4 #fie et seq47 is
 amended-- 7#a7 in section #ejb 7#ae    
,u4,s4,c4 #fif71 by adding at the end   
the following3  7#h7 ,closing ,an       
accredited lender certified company may 
take any of the following actions to    
facilitate the closing of a loan made   
under this section3 7,a7 ,reallocate the
 cost of the project with respect to    
which the loan is made in an amount that
 is not more than #aj percent of the    
overall cost of the project4  7,b7 ,make
 typographical corrections to any name  
that is applicable to the loan1         
including the name of any borrower1     
guarantor1 eligible passive company     
described in subparagraph 7,c77i71 and  
operating company described in          

subparagraph 7,c77i74  7,c7 ,add any of 
the following to receive proceeds of the
 loan3 7i7 ,an eligible passive company1
 as defined by the ,administrator4  7ii7
 ,if an eligible passive company is     
added under clause 7i71 an operating    
company with respect to that eligible   
passive company4  7,d7 ,make            
typographical corrections to the address
 of any property with respect to which  
the loan is made4  7,e7 ,make           
typographical corrections to the name of
 any interim lender1 third-party lender1
 or provider of funds described in      
subclause 7,i71 7,,ii71 or 7,,iii7 of   
section #ejb7c77;,b77i74  7,f7 ,make a  
guarantor a co-borrower or a co-borrower
 a guarantor4  7,g7 ,add a guarantor    
that does not have any ownership        
interest in the business seeking        
financing or project being financed     
under this section4  7,h7 ,reduce the   
amount of debt owed by the borrower     
before the closing as a result of       
regularly scheduled payments4  7,i7     

,reduce the cost of the project with    
respect to which the loan is made4  7#i7
 ,accredited lender certified company   
defined ,in this section1 the term      
accredited lender certified company     
means a certified development company   
that the ,administration has designated 
as an accredited lender under such      
section #ejg7;b74  2 and  7#b7 by adding
 at the end the following3  #eaa4       
,closing and oversight  7a7 ,,sba       
district counsels ,beginning on the date
 that is #ahj days after the date of    
enactment of this section1 with respect 
to the program established under this   
title1 district counsels of the         
,administration shall be subject to the 
same requirements1 and shall have the   
same authority and responsibilities1 as 
in effect with respect to that program  
on the day before the date of enactment 
of this section1 except that-- 7#a7 the 
,office of ,credit ,risk ,management of 
the ,administration shall have the      
responsibility for all duties relating  

to conducting file reviews of loans     
reviewed and closed by a designated     
attorney under this title2 and  7#b7    
district counsels of the ,administration
 shall not have any responsibility      
relating to the review of closing       
packages with respect to a loan reviewed
 and closed by a designated attorney    
under this title4  7b7 ,designated      
attorneys ,for the purposes of this     
title1 the following definitions and    
requirements shall apply with respect to
 a designated attorney of a ,priority   
certified development company3 7#a7 ,the
 term designated attorney means a       
certified development company attorney  
that the ,administrator has approved to 
close loans for a ,priority certified   
development company4  7#b7 ,the term    
,priority certified development company 
means a certified development company   
certified to participate on a permanent 
basis in the program to provide         
financings established under this title 
and that the ,administrator has approved

 to participate in an expedited loan and
 debenture closing process4  7#c7 ,a    
designated attorney shall be responsible
 for certifying documents relating to   
the closing of a loan made under this   
title if such designated attorney       
submits to the ,administrator evidence  
that such designated attorney-- 7,a7 is 
licensed and in good standing to        
practice law in the ,state in which such
 loan is being closed2  7,b7 has        
professional malpractice insurance      
coverage2 and  7,c7 has attended a      
training course on closing loans made   
under this title that is approved by the
 ,administration4  4  #d4 ,,sba         
marketing and outreach  7a7 ,in general 
,title ,v of the ,small ,business       
,investment ,act of #aieh 7#ae ,u4,s4,c4
 #fie et seq471 as amended by this ,act1
 is further amended by adding at the end
 the following3  #eab4 ,,sba marketing  
and outreach ,the ,administrator shall  
develop and implement a marketing and   
outreach plan with respect to the       

availability of loans available under   
this title and may partner with #a or   
more resource partners to implement such
 plan4  4  7b7 ,initial plan ,the       
,administrator of the ,small ,business  
,administration shall begin implementing
 the plan required under section #eab of
 title ,v of the ,small ,business       
,investment ,act of #aieh 7#ae ,u4,s4,c4
 #fie et seq471 as added by subsection  
7a71 not later than #a year after the   
date of the enactment of this ,act4  #e4
 ,leasing rules for new facilities and  
existing buildings  7a7 ,in general     
,section #ejb of the ,small ,business   
,investment ,act of #aieh 7#ae ,u4,s4,c4
 #fif7 is amended by striking paragraphs
 7#d7 and 7#e7 and inserting the        
following3  7#d7 ,new facilities  7,a7  
,in general ,with respect to a project  
to construct a new facility1 an assisted
 small business concern may permanently 
lease not more than #bj percent of the  
project to commercial or residential    
tenants if such concern-- 7i7           

permanently occupies and uses not less  
than #fj percent of the project2  7ii7  
plans to occupy and use an additional   
portion of the project that is not      
permanently leased not later than #c    
years after receipt of assistance under 
this section2 and  7iii7 plans to       
permanently occupy and use #hj percent  
of the project not later than #aj years 
after receipt of such assistance4  7,b7 
,small manufacturers ,with respect to an
 assisted small business concern that is
 a small manufacturer 7as defined in    
section #eja7;e77#f771 subparagraph     
7,a77i7 shall apply with #ej percent    
substituted for #fj percent4  7#e7      
,existing buildings ,with respect to a  
project to acquire1 renovate1 or        
reconstruct an existing building1 the   
following shall apply3 7,a7 ,occupancy  
requirements ,the assisted small        
business concern may permanently lease  
not more than #ej percent of the project
 if the concern permanently occupies and
 uses not less than #ej percent of the  

project4  7,b7 ,exception ,the assisted 
small business concern may permanently  
lease more than #ej percent of the      
project1 but not more than #ff percent  
of the project1 to commercial or        
residential tenants if-- 7i7 such       
concern-- 7,i7 has occupied and used the
 existing building for a consecutive    
#ab-month period before submitting an   
application for assistance under this   
section2  7,,ii7 agrees to permanently  
use less than #ej percent of the        
existing building and permanently lease 
more than #ej percent for a consecutive 
#ab-month period after receiving such   
assistance2 and  7,,iii7 affirms that   
the existing building is appropriate for
 current and reasonably anticipated     
needs2 and  7ii7 the development company
 assisting such project-- 7,i7 provides 
written notice to the ,administrator on 
the date on which the development       
company closes the loan for such        
project2 and  7,,ii7 once each year     
during the first #e years of the loan1  

and once every #b years for the         
remainder of the loan-- 7aa7 conducts an
 examination of the assisted small      
business concern to ensure the concern  
is not a real estate development        
business2 and  7bb7 files with the      
,administrator an anti-investor         
certification signed by the development 
company and the assisted small business 
concern4  7,c7 ,lease term ,any         
residential lease made under this       
paragraph shall be for a term of not    
more than #a year1 and any commercial   
lease made under this paragraph shall be
 for a term of not more than #e years4  
4  7b7 ,report ,not later than #e years 
after the date of enactment of this     
,act1 the ,administrator of the ,small  
,business ,administration shall submit  
to ,congress a report analyzing the     
impact of the amendments made by this   
section on access to capital for small  
business concerns 7as defined in section
 #c of the ,small ,business ,act 7#ae   
,u4,s4,c4 #fcb774  #f4 ,credit elsewhere

 exemption ,section #g7;a77#a77;,a7 of  
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7;a77#a77;,a77 is amended-- 7#a7 in
 clause 7i71 by striking ,the           
,administrator and inserting ,except as 
provided in clause 7iii71 the           
,administrator2 and  7#b7 by adding at  
the end the following3  7iii7 ,exemption
 ,clause 7i7 shall not apply to loans   
under paragraph 7#ac7 of this           
subsection1 loans or other financings   
under the ,small ,business ,investment  
,act of #aieh 7#ae ,u4,s4,c4 #ffa et    
seq471 or any other loan made by the    
,administrator to a certified           
development company4  4  ,october #i1   
#bjbf;,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed