,,ib  ,union ,cal5d> ,no4 #fjc  #aai?   
,,congress  #b;d ,session  ,h4 ,r4 #dbch
  ,report ,no4 #aai-fie1 ,"p ,i  ,,9 ,,!
 ,,h\se ,,( ,,repres5tatives  ,june #bg1
 #bjbe ,mr4 ,moore ( ,nor? ,c>ol9a 7=   
himself1 ,mr4 ,davis ( ,nor? ,c>ol9a1   
,mr4 ,edw>ds1 ,ms4 ,k+-,h9ds1 ,mr4      
,gim5ez1 ,mr4 ,murphy1 ,mr4 ,donalds1   
,mr4 ,fry1 ,mr4 ,ciscomani1 ,mr4 ,r\z]1 
& ,mr4 ,wilson ( ,s\? ,c>ol9a7 introduc$
 ! foll[+ bill2 :i* 0 ref]r$ to !       
,committee on ,small ,bus9ess1 & 9      
addition to ! ,committee on ! ,budget1 =
 a p]iod to be subsequ5tly det]m9$ by ! 
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,june #aa1 #bjbf    
,additional sponsors3 ,mr4 ,la,malfa1   
,mr4 ,taylor1 ,mr4 ,h>rigan1 ,mr4       
,flood1 ,mr4 ,begi*1 ,mr4 ,%reve1 ,mrs4 
,luna1 ,mr4 ,meus]1 & ,ms4 ,goodl&]     
,june #aa1 #bjbf ,report$ f ! ,committee
 on ,small ,bus9ess ) an am5dm5t ,/rike 
out all aft] ! enact+ clause & ins]t !  
"p pr9t$ 9 italic  ,june #aa1 #bjbf     

,committee on ! ,budget dis*>g$2        
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union & ord]$ to be    
pr9t$ ,= text ( introduc$ bill1 see copy
 ( bill z introduc$ on ,june #bg1 #bjbe 
,a ,,bill  ,to improve acc\ntability 9 !
 disa/] loan program ( ! ,small ,bus9ess
 ,adm9i/ration1 & = o!r purposes4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,disa/] ,loan ,acc\ntability & ,re=m    
,act or ! ,,dl>a4  #b4 ,table ( cont5ts 
,! table ( cont5ts = ?is ,act is z      
foll[s3  ,sec4 #a4 ,%ort title4 ,sec4   
#b4 ,table ( cont5ts4 ,sec4 #c4         
,def9itions4 ,sec4 #d4 ,mon?ly disa/]   
loan reports4 ,sec4 #e4 ,budget reque/  
relat+ to disa/] loans4 ,sec4 #f4       
,limitations on disa/] loans4 ,sec4 #g4 
,,gao report on ,,sba disa/] loan       
acc\nt4 ,sec4 #h4 ,,gao report on disa/]
 loan *anges4 ,sec4 #i4 ,budget & =eca/+
 report reg>d+ ! co/ ( direct disa/]    
loans4  #c4 ,def9itions ,9 ?is ,act--   
7#a7 ! t]ms ,adm9i/ration & ,adm9i/rator
 mean ! ,small ,bus9ess ,adm9i/ration & 

! ,adm9i/rator !re(1 respectively2  7#b7
 ! t]m appropriate committees (         
,congress means ! ,committee on ,small  
,bus9ess & ,entrepr5eur%ip & !          
,committee on ,appropriations ( ! ,s5ate
 & ! ,committee on ,small ,bus9ess & !  
,committee on ,appropriations ( ! ,h\se 
( ,repres5tatives2 &  7#c7 ! t]m ,,sba  
disa/] loan means a direct loan au?oriz$
 by section #g7;b7 ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcf7;b771 o!r ?an a
 loan t 0 au?oriz$ "u section #aaaj ( ! 
,,c>es ,act 7#ae ,u4,s4,c4 #ijji74  #d4 
,mon?ly disa/] loan reports ,section    
#abjia7;a7 ( ! ,small ,bus9ess ,disa/]  
,response & ,loan ,improvem5ts ,act (   
#bjjh 7#ae ,u4,s4,c4 #fcfk7a77 is       
am5d$-- 7#a7 9 p>agraph 7#a7--  7,a7 by 
/rik+ dur+ ! applicable p]iod = a major 
disa/]2 &  7,b7 by /rik+ = t major      
disa/]2  7#b7 9 p>agraph 7#b7-- 7,a7 9  
subp>agraph 7,e71 by /rik+ h[ long !    
available fund+ = su* loans w la/ &     
ins]t+ ! date at :i* available fund+ =  
su* loans w rea* #aj p]c5t ( ! mo/ rec5t

 appropriation & ! date at :i* ! funds w
 be deplet$2  7,b7 9 subp>agraph 7,h71  
by /rik+ & at ! end2  7,c7 9 subp>agraph
 7,i71 by /rik+ ! p]iod at ! end &      
ins]t+ 2 &2 &  7,d7 by add+ at ! end !  
foll[+3  7,j7 a summ>y detail+ any      
*anges to e/imates or assumptions on    
obligations & exp5ditures1 includ+ data 
support+ ^! *anges4  2 &  7#c7 by add+  
at ! end ! foll[+3  7#c7 ,prohibition on
 (ficial travel ,if ! ,adm9i/rator does 
n submit a report requir$ to be submitt$
 "u p>agraph 7#a7 by ! requir$ date1 no 
funds may be obligat$ = (ficial travel  
by ! ,adm9i/rator until ! ,adm9i/rator  
submits ! report4  4  #e4 ,budget reque/
 relat+ to disa/] loans ,section #aaje (
 title #ca1 ,unit$ ,/ates ,code1 is     
am5d$-- 7#a7 9 subsection 7a71 by add+  
at ! end ! foll[+3  7#ci7 sep>ate       
/atem5ts (-- 7,a7 ! am\nt (             
appropriations reque/$ = ! fiscal ye> = 
:i* ! budget is submitt$ = ! co/ ( ,,sba
 disa/] loans1 ! #aj-ye> av]age ( ! co/ 
( ,,sba disa/] loans1 & an explanation =

 any diff]5ce betwe5 ! am\nt reque/$ & !
 #aj-ye> av]age co/2 &  7,b7 ! am\nt (  
appropriations reque/$ = ! fiscal ye> = 
:i* ! budget is submitt$ = ! co/ (      
,,covid-,,eidl loans1 ! #aj-ye> av]age (
 ! co/ ( ,,covid-,,eidl loans1 & an     
explanation = any diff]5ce betwe5 !     
am\nt reque/$ & ! #aj-ye> av]age co/4   
7#dj7 sep>ate /atem5ts (--  7,a7 ! am\nt
 ( appropriations reque/$ = ! fiscal ye>
 = :i* ! budget is submitt$ =           
adm9i/rative co/s relat+ to ,,sba disa/]
 loans1 ! #aj-ye> av]age ( su*          
adm9i/rative co/s1 & an explanation =   
any diff]5ce betwe5 ! am\nt reque/$ & ! 
#aj-ye> av]age co/s2 &  7,b7 ! am\nt (  
appropriations reque/$ = ! fiscal ye> = 
:i* ! budget is submitt$ = adm9i/rative 
co/s relat+ to ,,covid-,,eidl loans1 !  
#aj-ye> av]age ( su* adm9i/rative co/s1 
& an explanation = any diff]5ce betwe5 !
 am\nt reque/$ & ! #aj-ye> av]age co/s4 
2 &  7#b7 by add+ at ! end ! foll[+3    
7j7 ,9 p>agraphs 7#ci7 & 7#dj7 (        
subsection 7a7--  7#a7 ! t]m            

,,covid-,,eidl loan means a direct loan 
"u section #g7;b7 ( ! ,small ,bus9ess   
,act 7#ae ,u4,s4,c4 #fcf7;b77 t 0       
au?oriz$ "u section #aaaj ( ! ,,c>es    
,act 7#ae ,u4,s4,c4 #ijji72 &  7#b7 !   
t]m ,,sba disa/] loan means a direct    
loan au?oriz$ by section #g7;b7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;b771 o!r ?an a loan t 0 au?oriz$  
"u section #aaaj ( ! ,,c>es ,act 7#ae   
,u4,s4,c4 #ijji74  4  #f4 ,limitations  
on disa/] loans ,section #g7;b7 ( !     
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7;b77 is am5d$-- 7#a7 by r$esignat+ 
! second p>agraph designat$ z p>agraph  
7#af71 relat+ to /atute ( limitations1 z
 add$ by ! ,,covid-#ai ,,eidl ,fraud    
,/atute ( ,limitations ,act ( #bjbb     
7,public ,law #aag-afe2 #acf ,/at4      
#acfc71 z p>agraph 7#ah72 &  7#b7 by    
ins]t+ aft] p>agraph 7#af71 relat+ to   
disa/] decl>ations 9 rural areas1 z add$
 by ! ,disa/] ,assi/ance = ,rural       
,communities ,act 7,public ,law         
#aag-bdi2 #acf ,/at4 #bcej71 ! foll[+3  

7#ag7 ,requirem5ts :5 fund+ is l[ ,n    
lat] ?an #bd h\rs aft] ! unobligat$     
balance ( am\nts available = ! co/ (    
direct loans au?oriz$ by ?is subsection 
is less ?an #aj p]c5t ( ! #aj-ye> av]age
 annual co/ provid$ 9 ! mo/ rec5t       
,presid5tial budget reque/ requir$ "u   
section #aaje7;a77#ci77;,a7 ( title #ca1
 ,unit$ ,/ates ,code1 or1 if            
unavailable1 ! #aj-ye> av]age annual co/
 = ! imm$iately prec$+ #aj-ye> p]iod (  
,,sba disa/] loans 7z def9$ 9 section   
#aaje7;j7 ( su* title71 ! ,adm9i/rator  
%all notify ! ,committee on             
,appropriations & ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate &
 ! ,committee on ,appropriations & !    
,committee on ,small ,bus9ess ( ! ,h\se 
( ,repres5tatives4  4  #g4 ,,gao report 
on ,,sba disa/] loan acc\nt  7a7 ,report
 ,n lat] ?an #ahj days aft] ! date (    
enactm5t ( ?is ,act1 ! ,comptroll]      
,g5]al ( ! ,unit$ ,/ates %all submit to 
! ,adm9i/rator & ! appropriate          
committees ( ,congress a report on--    

7#a7 ! av]age weekly rate at :i* !      
,adm9i/ration obligates ! unobligat$    
balance ( am\nts available = ! co/ (    
,,sba disa/] loans2  7#b7 ! av]age      
am\nt1 dur+ ! p]iods beg9n+ on ,octob]  
#a1 #bjae1 & end+ on ,july #ca1 #bjbc1 &
 beg9n+ on ,july #ca1 #bjbc1 & end+ on !
 date ( enactm5t ( ?is ,act1            
respectively1 disburs$ to a borr[] ea*  
week1 dur+ ! initial #ab-week p]iod 9   
:i* a borr[] receives am\nts f an ,,sba 
disa/] loan1 beg9n+ ! day aft] ! borr[] 
accepts _! loan1 sep>at$ by home ,,sba  
disa/] loan borr[]s1 bus9ess ,,sba      
disa/] loan borr[]s1 & economic injury  
disa/] loan borr[]s2 &  7#c7 ! av]age   
am\nt ( fully disburs$ ,,sba disa/]     
loans1 orig9at$ dur+ ! p]iod beg9n+ on  
,july #ca1 #bjbc1 & end+ on ! date (    
enactm5t ( ?is ,act1 ) sep>ate av]ages =
 ,,sba disa/] loans del9eat$ by home1   
bus9ess1 & economic injury disa/] loans4
  7b7 ,response ,n lat] ?an #ij days    
aft] ! date on :i* ! ,comptroll] ,g5]al 
( ! ,unit$ ,/ates submits ! report "u   

subsection 7a71 ! ,adm9i/rator %all     
submit to ! appropriate committees (    
,congress a response to ! report1       
includ+ an implem5tation plan = any     
recomm5dations 9 ! report4  #h4 ,,gao   
report on disa/] loan *anges  7a7       
,def9ition ,9 ?is section1 ! t]m cov]$  
f9al rule means--  7#a7 ! f9al rule     
entitl$ ,disa/] ,assi/ance ,loan        
,program ,*anges to ,maximum ,loan      
,am\nts & ,miscellane\s ,updates 7#hh   
,f$4 ,reg4 #cicce 7,june #af1 #bjbc72   
,,r9 #cbde-;,,ah#ia72 or  7#b7 ! f9al   
rule entitl$ ,disa/] ,assi/ance ,loan   
,program ,*anges to ,unsecur$ ,loan     
,am\nts & ,cr$it ,else:]e ,crit]ia 7#hi 
,f$4 ,reg4 #eihbf 7,july #bd1 #bjbd72   
,,r9 #cbde-;,,ai#jh74  7b7 ,report ,n   
lat] ?an #a ye> aft] ! date ( enactm5t (
 ?is ,act1 ! ,comptroll] ,g5]al ( !     
,unit$ ,/ates %all submit to !          
appropriate committees ( ,congress a    
report on-- 7#a7 ! co/ 7z def9$ 9       
section #ejb ( ! ,f$]al ,cr$it ,re=m    
,act ( #aiij 7#b ,u4,s4,c4 #ffa;a77 ( ! 

increase 9 ! home loan l5d+ limits =1 ! 
ext5sion ( ! def]m5t p]iod =1 !         
expansion ( mitigation options =1 !     
modifications to ! crit]ia = det]m9+    
:e!r applicants c obta9 cr$it else:]e ) 
respect to1 ! *anges to collat]al       
requirem5ts =1 & o!r *anges to ! t]ms & 
conditions ( loans "u section #g7;b77#a7
 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4
 #fcf7;b77#a77 made by ! cov]$ f9al     
rules2 &  7#b7 ! effect on ! subsidy =  
su* loans ( ! *anges conta9$ 9 ! cov]$  
f9al rules4  #i4 ,budget & =eca/+ report
 reg>d+ ! co/ ( direct disa/] loans  7a7
 ,budget =mulation & =eca/+ ,n lat] ?an 
#cj days aft] ! date ( enactm5t ( ?is   
,act1 ! ,adm9i/rator %all submit to !   
appropriate committees ( ,congress a    
report detail+ corrections !            
,adm9i/ration w make to improve =eca/+1 
data quality1 & budget assumptions      
relat+ to budget submissions relat+ to  
am\nts made available = ! co/ ( ,,sba   
disa/] loans4  7b7 ,updates ,n lat] ?an 
#ij days aft] ! date ( enactm5t ( ?is   

,act1 & e #ij days !reaft] until ! date 
t is #ij days aft] ! date on :i* all !  
corrections describ$ 9 subsection 7a7 h 
be5 implem5t$1 ! ,adm9i/rator %all      
submit to ! appropriate committees (    
,congress a report-- 7#a7 detail+ !     
actions ! ,adm9i/ration has tak5 to     
implem5t ! corrections describ$ 9       
subsection 7a72 &  7#b7 expla9+ h[ ea*  
action detail$ "u p>agraph 7#a7 is      
directly relat$ to implem5t+ #a or m    
corrections describ$ 9 subsection 7a74  
,june #aa1 #bjbf ,report$ f ! ,committee
 on ,small ,bus9ess ) an am5dm5t ,june  
#aa1 #bjbf ,committee on ! ,budget      
dis*>g$2 committ$ to ! ,committee ( !   
,:ole ,h\se on ! ,/ate ( ! ,union &     
ord]$ to be pr9t$