,,ii  #aai? ,,congress  #a/ ,session    
,s4 #bfei  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #a1 #bjbe ,mr4  
,"y 7= himself & ,ms4 ,klobu*>7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to am5d ! ,small ,bus9ess ,inve/m5t    
,act ( #aieh to enhance ! ,(fice (      
,cr$it ,risk ,managem5t1 to require !   
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration to issue rules relat+ to  
environm5tal obligations ( c]tifi$      
developm5t companies1 & = o!r purposes4 
#a4  ,%ort title  ,?is ,act may be cit$ 
z ! #ejd ,cr$it ,risk ,managem5t        
,improvem5t ,act ( #bjbe4  #b4          
,enhancem5ts to ! ,(fice ( ,cr$it ,risk 
,managem5t  ,title ,v ( ! ,small        
,bus9ess ,inve/m5t ,act ( #aieh 7#ae    
,u4,s4,c4 #fie et seq47 is am5d$ by add+
 at ! end ! foll[+3  #eaa4  ,(fice (    
,cr$it ,risk ,managem5t ov]sight  7a7   
,def9itions  ,9 ?is section-- 7#a7 ! t]m
 ,director means ! ,director ( ! ,(fice2

 &  7#b7 ! t]m ,(fice means ! ,(fice (  
,cr$it ,risk ,managem5t e/abli%$ "u     
section #dg ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fegt74  7b7  ,duties    
relat+ to #ejd program  ,! ,(fice-- 7#a7
 %all be responsible =--  7,a7 sup]vis+ 
any c]tifi$ developm5t company1 z       
provid$ 9 subsection 7d72 &  7,b7       
conduct+ file reviews ) respect to loan 
clos+s "u ! program e/abli%$ "u ?is     
title1 z provid$ 9 subsection 7c72 &    
7#b7 may-- 7,a7 take =mal & in=mal      
en=cem5t actions aga9/ a c]tifi$        
developm5t company1 z provid$ 9         
subsection 7e72 &  7,b7 *>ge a c]tifi$  
developm5t company a fee1 z provid$ 9   
subsection 7g74  7c7  ,loan clos+ file  
reviews  ,) respect to a loan clos+ "u !
 program e/abli%$ "u ?is title1 ! ,(fice
 %all be responsible = ! foll[+3  7#a7  
,conduct+ a complete file review ( a    
r&om selection ( all loan clos+s1 !     
numb]1 frequ5cy1 & conduct ( :i* %all be
 at ! discretion ( ! ,(fice1 to ensure  
program integrity1 includ+ a review ( ! 

items li/$ on ! ,*eckli/ = ,complete    
,file ,review conta9$ 9 ! appropriate =m
 ( ! ,adm9i/ration4  7#b7 ,n lat] ?an   
#fj days aft] ! date on :i* ea* complete
 file review conduct$ "u p>agraph 7#a7  
is complet$1 prep>+ a writt5 report     
docum5t+ ! results ( t review1 :i* !    
,(fice %all s5d to--  7,a7 ! applicable 
c]tifi$ developm5t company2  7,b7 !     
designat$ attorney t clos$ ! loan = !   
c]tifi$ developm5t company2 &  7,c7 !   
,comm]cial ,loan ,s]vice ,c5t]4  7#c7   
,if a complete file review conduct$ "u  
p>agraph 7#a7 reveals a defici5cy t c\ld
 result 9 a loss to ! ,adm9i/ration1    
requir+ ! applicable c]tifi$ developm5t 
company or ! designat$ attorney to      
promptly correct ! defici5cy4  7d7      
,sup]vision ( c]tifi$ developm5t        
companies  ,) respect to ! sup]vision ( 
c]tifi$ developm5t companies--  7#a7 an 
employee ( ! ,(fice %all-- 7,a7 be      
pres5t =1 & sup]vise1 ! review ( any su*
 company t is conduct$ by a contractor (
 ! ,(fice on ! premises ( ! company2 &  

7,b7 sup]vise ! review ( any su* company
 t is conduct$ by a contractor ( !      
,(fice t is n conduct$ on ! premises ( !
 company2 &  7#b7 ! ,adm9i/rator %all-- 
7,a7 develop a timel9e = ! review by !  
,(fice ( c]tifi$ developm5t companies & 
! submission ( reports reg>d+ ^?        
reviews1 "u :i* ! ,adm9i/rator %all--   
7i7 submit to a c]tifi$ developm5t      
company a writt5 report ( any review ( !
 company n lat] ?an #ij days aft] ! date
 on :i* ! review is conclud$2 or  7ii7  
if ! ,adm9i/rator expects to submit !   
report aft] ! end ( ! #ij-;day p]iod    
describ$ 9 clause 7i7--  7,i7 notify !  
company ( ! expect$ date ( submission ( 
! report & ! reason = ! delay2 &  7,,ii7
 submit to ! company ! report2 &  7,b7  
if a response by a c]tifi$ developm5t   
company is reque/$ 9 a report submitt$  
"u subp>agraph 7,a71 require ! company  
to submit responses to ! ,adm9i/rator n 
lat] ?an #de bus9ess days aft] ! date on
 :i* ! company receives ! report4  7e7  
,en=cem5t au?ority aga9/ c]tifi$        

developm5t companies  7#a7  ,in=mal     
en=cem5t au?ority  ,! ,director may take
 an in=mal en=cem5t action aga9/ a      
c]tifi$ developm5t company if !         
,director f9ds t ! company has violat$ a
 /atutory or regulatory requirem5t or   
any requirem5t 9 a ,/&>d ,op]at+        
,proc$ures ,manual or ,policy ,notice   
relat+ to a program or function ( !     
,(fice ( ,capital ,access4  7#b7  ,=mal 
en=cem5t au?ority  7,a7  ,9 g5]al  ,) ! 
approval ( ! ,l5d] ,ov]sight ,committee 
e/abli%$ "u section #dh ( ! ,small      
,bus9ess ,act 7#ae ,u4,s4,c4 #fegu71 !  
,director may take a =mal en=cem5t      
action aga9/ any c]tifi$ developm5t     
company if ! ,director f9ds t ! company 
has violat$--  7i7 a /atutory or        
regulatory requirem5t1 includ+ a        
requirem5t relat+ to ! necess>y funds = 
mak+ loans :5 ^? funds are n made       
available to ! company f private s\rces 
on reasonable t]ms2 or  7ii7 any        
requirem5t describ$ 9 a ,/&>d ,op]at+   
,proc$ures ,manual or ,policy ,notice   

relat+ to a program or function ( !     
,(fice ( ,capital ,access4  7,b7        
,en=cem5t actions  ,! decision to take  
an en=cem5t action aga9/ a c]tifi$      
developm5t company "u subp>agraph 7,a7  
%all be bas$ on ! sev]ity or frequ5cy ( 
! violation & may include assess+ a     
civil monet>y p5alty aga9/ ! company 9  
an am\nt t is n great] ?an #bej1jjj4    
7#c7  ,failure to submit annual report  
,) respect to a c]tifi$ developm5t      
company t1 z ( ! date t is #fj days aft]
 ! date on :i* ! company is requir$ to  
submit any report1 fails to submit t    
report1 ! ,director may--  7,a7 susp5d !
 company f p>ticipat+ 9 ! program       
e/abli%$ "u ?is title = a p]iod t is n  
long] ?an #cj days2 or  7,b7 impose a   
p5alty on ! company 9 an am\nt to be    
det]m9$ by ! ,director1 except t ! am\nt
 ( ! p5alty %all be n m ?an #aj1jjj4    
7f7  ,portfolio risk analysis ( #ejd    
loans  7#a7  ,9 g5]al  ,! ,director %all
 annually conduct a risk analysis ( !   
portfolio ( ! ,adm9i/ration ) respect to

 all loans gu>ante$ "u section #ejd4    
7#b7  ,report to ,congress  ,on ,decemb]
 #a1 #bjbe1 & e ,decemb] #a !reaft]1 !  
,director %all submit to ,congress a    
report conta9+ ! results ( ea* portfolio
 risk analysis conduct$ "u p>agraph 7#a7
 dur+ ! fiscal ye> prec$+ ! submission (
 ! report1 :i* %all include--  7,a7 an  
analysis ( ! ov]all program risk (      
projects & loans approv$ "u section     
#ejd2  7,b7 an analysis ( ! program     
risk1 set =? sep>ately by indu/ry       
conc5tration2  7,c7 )\t id5tify+        
individual c]tifi$ developm5t companies 
by "n1 a consolidat$ analysis ( ! risk  
creat$ by ! individual companies        
responsible = n less ?an #a p]c5t ( !   
gross project approvals set =? sep>ately
 = ! ye> cov]$ by ! report by--  7i7 !  
doll> value ( ! loans made by su*       
companies2 &  7ii7 ! numb] ( loans made 
by su* companies2  7,d7 /eps tak5 by !  
,adm9i/rator to mitigate ! risks        
id5tifi$ 9 subp>agraphs 7,a71 7,b71 &   
7,c72  7,e7 ! numb] ( c]tifi$ developm5t

 companies1 ! numb] ( projects und]tak51
 ! numb] ( unique ?ird p>ty l5d]s       
p>ticipat+ 9 ! program1 & ! gross & net 
doll> am\nt ( deb5tures gu>ante$ &      
approv$ projects2  7,f7 ! numb] & doll> 
am\nt ( total losses1 ! numb] & doll>   
am\nt ( total pur*ases1 & ! p]c5tage &  
doll> am\nt ( recov]ies at !            
,adm9i/ration2  7,g7 ! numb] & type (   
en=cem5t actions recomm5d$ by !         
,director2  7,h7 ! numb] & type (       
en=cem5t actions approv$ by ! ,l5d]     
,ov]sight ,committee e/abli%$ "u section
 #dh ( ! ,small ,bus9ess ,act 7#ae      
,u4,s4,c4 #fegu72  7,i7 ! numb] & type (
 en=cem5t actions disapprov$ by ! ,l5d] 
,ov]sight ,committee2 &  7,j7 ! numb] & 
doll> am\nt ( civil monet>y p5alties    
assess$4  7g7  ,fee au?ority reg>d+     
c]tifi$ developm5t companies  7#a7  ,9  
g5]al  ,on & aft] ! date t is #a ye>    
aft] ! date ( enactm5t ( ! #ejd ,cr$it  
,risk ,managem5t ,improvem5t ,act (     
#bjbe1 ! ,(fice may collect f ea*       
c]tifi$ developm5t company a fee z      

necess>y to r$uce to z]o ! co/ to !     
,adm9i/ration ( exam9ations1 reviews1   
rulemak+s1 & o!r l5d] ov]sight          
activities 9 ?is ,act1 ! am\nt ( :i*--  
7,a7 %all be det]m9$ on a graduat$ scale
 accord+ to ! size ( ! portfolio ( !    
c]tifi$ developm5t company ) respect to 
! program c>ri$ out "u ?is title2 &     
7,b7 %all n exce$ ! am\nt t is #a basis 
po9t ) respect to ! value ( ! portfolio 
describ$ 9 subp>agraph 7,a74  7#b7      
,paym5t  ,a c]tifi$ developm5t company  
on :i* a fee is impos$ "u p>agraph 7#a7 
%all pay ! fee f ! s]vic+ fees collect$ 
by ! developm5t company pursuant to     
regulation4  4  #c4  ,rules relat+ to   
obligations ( c]tifi$ developm5t        
companies "u ! ,national ,environm5tal  
,policy ,act  7a7  ,eligible c]tifi$    
developm5t company def9$  ,9 ?is        
section1 ! t]m eligible c]tifi$         
developm5t company means a c]tifi$      
developm5t company1 )9 ! mean+ "u title 
,v ( ! ,small ,bus9ess ,inve/m5t ,act ( 
#aieh 7#ae ,u4,s4,c4 #fie et seq471 t   

receives assi/ance pursuant to t title4 
7b7  ,requirem5t ,to issue rules  ,n    
lat] ?an #ahj days aft] ! date (        
enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! 
,small ,bus9ess ,adm9i/ration %all issue
 rules to cl>ify ! proc$ures necess>y = 
an eligible c]tifi$ developm5t company  
to comply ) ! applicable requirem5ts "u 
! ,national ,environm5tal ,policy ,act (
 #aifi 7#db ,u4,s4,c4 #dcba et seq474   
7c7  ,rule ( con/ruction  ,no?+ 9 ?is   
section %all be con/ru$ to modify !     
requirem5ts ( ! ,national ,environm5tal 
,policy ,act ( #aifi 7#db ,u4,s4,c4     
#dcba et seq474