,,ib ,union ,cal5d> ,no4 #gde #aai?     
,,congress  #b;d ,session  ,h4 ,r4      
#ajcge ,report ,no4 #aai-hdh ,,9 ,,!    
,,h\se ,,( ,,repres5tatives  ,septemb]  
#ad1 #bjbf,ms4 ,velzquez 7= h]self &    
,mr4 ,williams ( ,texas7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,small ,bus9ess  ,octob]  
#i1 #bjbf;,additional sponsors3 ,mr4    
,tran & ,mr4 ,cisn]os  ,octob] #i1      
#bjbf;,committ$ to ! ,committee ( !     
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be pr9t$  ,a ,,bill  ,to am5d !
 ,small ,bus9ess ,inve/m5t ,act ( #aieh 
to improve ! loan gu>anty program1      
enhance ! ability ( small manufactur]s  
to access af=dable capital1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! #ejd ,mod]nization & ,small
 ,manufactur] ,enhancem5t ,act ( #bjbf4 
#b4 ,additions to policy goals = !      
developm5t company program ,section     
#eja7;d77#c7 ( ! ,small ,bus9ess        
,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4   
#fie7;d77#c77 is am5d$-- 7#a7 by        

r$esignat+ subp>agraphs 7,a7 ?r\gh 7,l7 
z subp>agraphs 7,b7 ?r\gh 7,m71         
respectively2  7#b7 by ins]t+ be=e      
subp>agraph 7,b71 z s r$esignat$1 !     
foll[+3  7,a7 work=ce developm5t ?r\gh  
"w-bas$ or "w-integrat$ tra9+1 :i* %all 
be satisfi$ by demon/rat+ t a small     
bus9ess conc]n t is a subject ( !       
project has-- 7i7 a docum5t$ 9-h\se     
tra9+ program1 ! duration ( :i* is n    
%ort] ?an #ab weeks2 or  7ii7 ent]$ into
 a contract ) an entity-- 7,i7 to       
provide tra9$ applicants = any op5      
position ( employm5t at ! small bus9ess 
conc]n2 &  7,,ii7 t ensures t any       
applicant provid$ to ! small bus9ess    
conc]n "u subclause 7,i7 has und]gone n 
few] ?an #ab weeks ( tra9+ t is relevant
 to ! op5 position describ$ 9 t         
subclause1  2  7#c7 9 subp>agraph 7,l71 
z s r$esignat$1 by /rik+ produc]s1 or & 
ins]t+ produc]s12  7#d7 9 subp>agraph   
7,m71 z s r$esignat$1 by /rik+ ! p]iod  
at ! end & ins]t+ a comma2  7#e7 by     
ins]t+ aft] subp>agraph 7,m71 z s       

r$esignat$1 ! foll[+3  7,n7 aid         
revitaliz+ ( an area = :i* a disa/] has 
be5 decl>$ or det]m9$ "u subp>agraph    
7,a71 7,b71 7,c71 or 7,e7 ( section     
#g7;b77#b7 ( ! ,small ,bus9ess ,act 7#ae
 ,u4,s4,c4 #fcf7;b77#b77 dur+ ! five-ye>
 p]iod beg9n+ on ! date on :i* ! disa/] 
0 decl>$ or det]m9$ "u su* subp>agraph1 
except t ! ,adm9i/rator may ext5d su*   
p]iod if1 = ea* ext5sion ( su* p]iod1 ! 
,adm9i/rator det]m9es t su* ext5sion w  
facilitate ! recov]y ( su* area f su*   
disa/] & su* ext5sion is = a p]iod ( "o 
ye>1 or  7,o7 expansion ( small bus9ess 
conc]ns ) #aj or few] employees4  2 &   
7#f7 9 ! flu% text foll[+ subp>agraph   
7,o71 z add$ by p>agraph 7#e71 by /rik+ 
subp>agraphs 7,j7 & 7,k7 & ins]t+       
subp>agraphs 7,k7 & 7,l74  #c4          
,improvem5ts to #ejd loan clos+ proc$ure
 ,title ,v ( ! ,small ,bus9ess ,inve/m5t
 ,act ( #aieh 7#ae ,u4,s4,c4 #fie et    
seq47 is am5d$-- 7#a7 9 section #ejb    
7#ae ,u4,s4,c4 #fif71 by add+ at ! end !
 foll[+3  7#h7 ,clos+ ,an accr$it$ l5d] 

c]tifi$ company may take any ( ! foll[+ 
actions to facilitate ! clos+ ( a loan  
made "u ?is section3 7,a7 ,reallocate ! 
co/ ( ! project ) respect to :i* ! loan 
is made 9 an am\nt t is n m ?an #aj     
p]c5t ( ! ov]all co/ ( ! project4  7,b7 
,make typographical corrections to any  
"n t is applicable to ! loan1 includ+ ! 
"n ( any borr[]1 gu>antor1 eligible     
passive company describ$ 9 subp>agraph  
7,c77i71 & op]at+ company describ$ 9    
subp>agraph 7,c77i74  7,c7 ,add any ( ! 
foll[+ to receive proce$s ( ! loan3 7i7 
,an eligible passive company1 z def9$ by
 ! ,adm9i/rator4  7ii7 ,if an eligible  
passive company is add$ "u clause 7i71  
an op]at+ company ) respect to t        
eligible passive company4  7,d7 ,make   
typographical corrections to ! address (
 any prop]ty ) respect to :i* ! loan is 
made4  7,e7 ,make typographical         
corrections to ! "n ( any int]im l5d]1  
?ird-p>ty l5d]1 or provid] ( funds      
describ$ 9 subclause 7,i71 7,,ii71 or   
7,,iii7 ( section #ejb7c77;,b77i74  7,f7

 ,make a gu>antor a co-borr[] or a      
co-borr[] a gu>antor4  7,g7 ,add a      
gu>antor t does n h any own]%ip int]e/ 9
 ! bus9ess seek+ f9anc+ or project be+  
f9anc$ "u ?is section4  7,h7 ,r$uce !   
am\nt ( debt ow$ by ! borr[] be=e !     
clos+ z a result ( regul>ly s*$ul$      
paym5ts4  7,i7 ,r$uce ! co/ ( ! project 
) respect to :i* ! loan is made4  7#i7  
,accr$it$ l5d] c]tifi$ company def9$ ,9 
?is section1 ! t]m accr$it$ l5d] c]tifi$
 company means a c]tifi$ developm5t     
company t ! ,adm9i/ration has designat$ 
z an accr$it$ l5d] "u su* section       
#ejg7;b74  2 &  7#b7 by add+ at ! end ! 
foll[+3  #eaa4 ,clos+ & ov]sight  7a7   
,,sba di/rict c\nsels ,beg9n+ on ! date 
t is #ahj days aft] ! date ( enactm5t ( 
?is section1 ) respect to ! program     
e/abli%$ "u ?is title1 di/rict c\nsels (
 ! ,adm9i/ration %all be subject to !   
same requirem5ts1 & %all h ! same       
au?ority & responsibilities1 z 9 effect 
) respect to t program on ! day be=e !  
date ( enactm5t ( ?is section1 except   

t-- 7#a7 ! ,(fice ( ,cr$it ,risk        
,managem5t ( ! ,adm9i/ration %all h !   
responsibility = all duties relat+ to   
conduct+ file reviews ( loans review$ & 
clos$ by a designat$ attorney "u ?is    
title2 &  7#b7 di/rict c\nsels ( !      
,adm9i/ration %all n h any              
responsibility relat+ to ! review (     
clos+ packages ) respect to a loan      
review$ & clos$ by a designat$ attorney 
"u ?is title4  7b7 ,designat$ attorneys 
,= ! purposes ( ?is title1 ! foll[+     
def9itions & requirem5ts %all apply )   
respect to a designat$ attorney ( a     
,priority c]tifi$ developm5t company3   
7#a7 ,! t]m designat$ attorney means a  
c]tifi$ developm5t company attorney t ! 
,adm9i/rator has approv$ to close loans 
= a ,priority c]tifi$ developm5t        
company4  7#b7 ,! t]m ,priority c]tifi$ 
developm5t company means a c]tifi$      
developm5t company c]tifi$ to p>ticipate
 on a p]man5t basis 9 ! program to      
provide f9anc+s e/abli%$ "u ?is title & 
t ! ,adm9i/rator has approv$ to         

p>ticipate 9 an exp$it$ loan & deb5ture 
clos+ process4  7#c7 ,a designat$       
attorney %all be responsible = c]tify+  
docum5ts relat+ to ! clos+ ( a loan made
 "u ?is title if su* designat$ attorney 
submits to ! ,adm9i/rator evid5ce t su* 
designat$ attorney-- 7,a7 is lic5s$ & 9 
good /&+ to practice law 9 ! ,/ate 9 :i*
 su* loan is be+ clos$2  7,b7 has       
pr(essional malpractice insurance       
cov]age2 &  7,c7 has att5d$ a tra9+     
c\rse on clos+ loans made "u ?is title t
 is approv$ by ! ,adm9i/ration4  4  #d4 
,,sba m>ket+ & outrea*  7a7 ,9 g5]al    
,title ,v ( ! ,small ,bus9ess ,inve/m5t 
,act ( #aieh 7#ae ,u4,s4,c4 #fie et     
seq471 z am5d$ by ?is ,act1 is fur!r    
am5d$ by add+ at ! end ! foll[+3  #eab4 
,,sba m>ket+ & outrea* ,! ,adm9i/rator  
%all develop & implem5t a m>ket+ &      
outrea* plan ) respect to ! availability
 ( loans available "u ?is title & may   
p>tn] ) #a or m res\rce p>tn]s to       
implem5t su* plan4  4  7b7 ,initial plan
 ,! ,adm9i/rator ( ! ,small ,bus9ess    

,adm9i/ration %all beg9 implem5t+ ! plan
 requir$ "u section #eab ( title ,v ( ! 
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #fie et seq471 z add$ by 
subsection 7a71 n lat] ?an #a ye> aft] !
 date ( ! enactm5t ( ?is ,act4  #e4     
,leas+ rules = new facilities & exi/+   
build+s  7a7 ,9 g5]al ,section #ejb ( ! 
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #fif7 is am5d$ by /rik+  
p>agraphs 7#d7 & 7#e7 & ins]t+ ! foll[+3
  7#d7 ,new facilities  7,a7 ,9 g5]al ,)
 respect to a project to con/ruct a new 
facility1 an assi/$ small bus9ess conc]n
 may p]man5tly lease n m ?an #bj p]c5t (
 ! project to comm]cial or resid5tial   
t5ants if su* conc]n-- 7i7 p]man5tly    
occupies & uses n less ?an #fj p]c5t ( !
 project2  7ii7 plans to occupy & use an
 additional portion ( ! project t is n  
p]man5tly leas$ n lat] ?an #c ye>s aft] 
receipt ( assi/ance "u ?is section2 &   
7iii7 plans to p]man5tly occupy & use   
#hj p]c5t ( ! project n lat] ?an #aj    
ye>s aft] receipt ( su* assi/ance4  7,b7

 ,small manufactur]s ,) respect to an   
assi/$ small bus9ess conc]n t is a small
 manufactur] 7z def9$ 9 section         
#eja7;e77#f771 subp>agraph 7,a77i7 %all 
apply ) #ej p]c5t sub/itut$ = #fj p]c5t4
  7#e7 ,exi/+ build+s ,) respect to a   
project to acquire1 r5ovate1 or         
recon/ruct an exi/+ build+1 ! foll[+    
%all apply3 7,a7 ,occupancy requirem5ts 
,! assi/$ small bus9ess conc]n may      
p]man5tly lease n m ?an #ej p]c5t ( !   
project if ! conc]n p]man5tly occupies &
 uses n less ?an #ej p]c5t ( ! project4 
7,b7 ,exception ,! assi/$ small bus9ess 
conc]n may p]man5tly lease m ?an #ej    
p]c5t ( ! project1 b n m ?an #ff p]c5t (
 ! project1 to comm]cial or resid5tial  
t5ants if-- 7i7 su* conc]n-- 7,i7 has   
occupi$ & us$ ! exi/+ build+ = a        
consecutive #ab-mon? p]iod be=e submitt+
 an application = assi/ance "u ?is      
section2  7,,ii7 agrees to p]man5tly use
 less ?an #ej p]c5t ( ! exi/+ build+ &  
p]man5tly lease m ?an #ej p]c5t = a     
consecutive #ab-mon? p]iod aft] receiv+ 

su* assi/ance2 &  7,,iii7 affirms t !   
exi/+ build+ is appropriate = curr5t &  
reasonably anticipat$ ne$s2 &  7ii7 !   
developm5t company assi/+ su* project-- 
7,i7 provides writt5 notice to !        
,adm9i/rator on ! date on :i* !         
developm5t company closes ! loan = su*  
project2 &  7,,ii7 once ea* ye> dur+ !  
fir/ #e ye>s ( ! loan1 & once e #b ye>s 
= ! rema9d] ( ! loan-- 7aa7 conducts an 
exam9ation ( ! assi/$ small bus9ess     
conc]n to ensure ! conc]n is n a real   
e/ate developm5t bus9ess2 &  7bb7 files 
) ! ,adm9i/rator an anti-inve/or        
c]tification sign$ by ! developm5t      
company & ! assi/$ small bus9ess conc]n4
  7,c7 ,lease t]m ,any resid5tial lease 
made "u ?is p>agraph %all be = a t]m ( n
 m ?an #a ye>1 & any comm]cial lease    
made "u ?is p>agraph %all be = a t]m ( n
 m ?an #e ye>s4  4  7b7 ,report ,n lat] 
?an #e ye>s aft] ! date ( enactm5t ( ?is
 ,act1 ! ,adm9i/rator ( ! ,small        
,bus9ess ,adm9i/ration %all submit to   
,congress a report analyz+ ! impact ( ! 

am5dm5ts made by ?is section on access  
to capital = small bus9ess conc]ns 7z   
def9$ 9 section #c ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcb774  #f4 ,cr$it 
else:]e exemption ,section              
#g7;a77#a77;,a7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcf7;a77#a77;,a77 is   
am5d$-- 7#a7 9 clause 7i71 by /rik+ ,!  
,adm9i/rator & ins]t+ ,except z provid$ 
9 clause 7iii71 ! ,adm9i/rator2 &  7#b7 
by add+ at ! end ! foll[+3  7iii7       
,exemption ,clause 7i7 %all n apply to  
loans "u p>agraph 7#ac7 ( ?is           
subsection1 loans or o!r f9anc+s "u !   
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #ffa et seq471 or any o!r
 loan made by ! ,adm9i/rator to a       
c]tifi$ developm5t company4  4  ,octob] 
#i1 #bjbf;,committ$ to ! ,committee ( ! 
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be pr9t$