#aaith ,,congress #b;d ,session ,s4 #bbcb ,,an ,,act ,to expand the surety bond program under the ,small ,business ,investment ,act of #aieh1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,expanding the ,surety ,bond ,program ,act of #bjbe4 #b4 ,expansion of the ,surety ,bond ,program ,part ,b of title ,,iv of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fid;a et seq47 is amended-- 7#a7 in section #daa 7#ae ,u4,s4,c4 #fid;b7-- 7,a7 in subsection 7a77#a7-- 7i7 in subparagraph 7,a7-- 7,i7 by striking #f1ejj1jjj and inserting #ah1jjj1jjj2 and 7,,ii7 by inserting 1 subject to the exception in subparagraph 7,b7 after ,united ,states ,code2 and 7ii7 by striking subparagraph 7,b7 and inserting the following3 7,b7 7i7 ,in any fiscal year in which the ,administrator submits a formal request1 including budget justification documents submitted by the ,administrator to ,congress1 for supplemental funds under section #dab7;d71 the amount described in subparagraph 7,a7 shall be reduced by #cc percent4 7ii7 ,the limit described in clause 7i7 shall apply until the first of either-- 7,i7 #ab months after the date on which the ,administrator submits the formal request described in that clause2 or 7,,ii7 #aej days after the date on which-- 7aa7 the requested funds are provided1 and the ,administrator attests that the fee collection activities of the ,administration are sufficient to maintain a deficit-neutral revolving fund2 or 7bb7 the ,administrator notifies ,congress that funds are no longer required and attests that the fee collection activities of the ,administration are sufficient to maintain a deficit-neutral revolving fund4 7iii7 ,after the expiration of the period described in clause 7ii71 the limit described in clause 7i7 shall revert to the amount designated in subparagraph 7,a74 2 and 7,b7 in subsection 7e7-- 7i7 in paragraph 7#a71 by striking the comma at the end and inserting a semicolon2 7ii7 in paragraph 7#b71 by striking #f1ejj1jjj1 and inserting the amount described in subparagraph 7,a7 or 7,b77i7 of subsection 7a77#a71 as applicable22 and 7iii7 in paragraph 7#c71 by striking 1 or and inserting 2 or2 7#b7 in section #dab 7#ae ,u4,s4,c4 #fid;c7-- 7,a7 in subsection 7a71 in the third sentence1 by striking 1 excluding administrative expenses12 7,b7 by redesignating subsection 7b7 as subsection 7c72 7,c7 by inserting after subsection 7a7 the following3 7b7 ,not more than #b percent of the amount in the fund described in subsection 7a7 on the first day of each fiscal year may be obligated during that fiscal year to cover costs incurred by the ,administration in connection with the management and administration of this part1 including costs related to information technology and systems1 outreach activities1 and relevant contracts4 2 and 7,d7 by adding at the end the following3 7d7 ,if the ,administrator notifies any committee of the ,senate or the ,house of ,representatives that supplemental funding is necessary to carry out the ,surety ,bond ,program authorized under section #daa7;a77#c71 the ,administrator shall1 on the same date1 notify in writing the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives regarding the need for the supplemental funds4 2 and 7#c7 by adding at the end the following3 #dac4 ,report 7a7 ,small ,business ,administration ,not later than #ij days after the first day of each fiscal year1 the ,administrator shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report covering the period of the previous fiscal year describing the status and activities carried out under this part and the financial health of the revolving fund created under section #dab7;a71 which shall include-- 7#a7 with respect to guarantees under this part-- 7,a7 the total dollar value in the aggregate among all sureties2 7,b7 the total dollar value issued by sureties participating in the ,prior ,approval ,program2 7,c7 the total dollar value issued by sureties participating in the ,preferred ,surety ,bond ,guarantee ,program authorized under section #daa7;a77#c72 7,d7 the average bond size2 and 7,e7 the number of issued bonds that exceed the limits established under subparagraphs 7,a7 and 7,b7 of section #daa7;a77#a72 7#b7 with respect to claims paid-- 7,a7 the total dollar value of claims paid in the aggregate2 7,b7 the total dollar value of claims originating from bonds issued by sureties participating in the ,prior ,approval ,program and the number of such claims2 and 7,c7 the total dollar value of claims originating from bonds issued by sureties participating in the ,preferred ,surety ,bond ,guarantee ,program authorized under section #daa7;a77#c7 and the number of such claims4 7#c7 information on the solvency of the revolving fund1 including-- 7,a7 the revolving fund balance at the end of the reporting period2 7,b7 net cash flow2 7,c7 administrative expenses incurred2 and 7,d7 the revolving fund balance at the end of the reporting period1 adjusted for administrative expenses under subparagraph 7,c72 7#d7 the number of sureties participating in the ,prior ,approval ,program2 7#e7 the number of sureties participating in the ,preferred ,surety ,bond ,guarantee ,program authorized under section #daa7;a77#c72 and 7#f7 information on administrative expenses1 including-- 7,a7 a description of administrative expenses claimed from the revolving fund under section #dab7;b7 as of the end of the reporting period2 and 7,b7 the total cost of administrative expenses claimed4 7b7 ,government ,accountability ,office ,not later than #bgj days after the date of enactment of the ,expanding the ,surety ,bond ,program ,act of #bjbe1 the ,comptroller ,general of the ,united ,states shall submit to the ,committee on ,small ,business and ,entrepreneurship of the ,senate and the ,committee on ,small ,business of the ,house of ,representatives a report on the current processes of the ,small ,business ,administration for approving applicants to the ,surety ,bond ,program1 including recommendations for improving program efficiency and simplifying paperwork requirements4 4 ,passed the ,senate ,april #bi1 #bjbf4,secretary