,,ii ,cal5d> ,no4 #bb #aai? ,,congress #a/ ,session ,s4 #cjj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #bi1 #bjbe,mr4 ,budd 7= himself1 ,ms4 ,ern/1 ,mr4 ,scott ( ,s\? ,c>ol9a1 ,mr4 ,tillis1 ,mr4 ,hu/$1 ,mr4 ,ju/ice1 ,mr4 ,"y1 ,mr4 ,ris*1 & ,mrs4 ,%ahe57 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ,m>* #d1 #bjbe,report$ by ,ms4 ,ern/1 ) an amendment,strike out all aft] ! enact+ clause & ins]t ! "p pr9t$ 9 italic ,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 loan =giv5ess4,sec4 #g4 ,limits on disa/] loans4,sec4 #h4 ,prohibition reg>d+ ,,sba rules relat+ to disa/] loans4,sec4 #i4 ,,gao report on disa/] loan *anges4,sec4 #aj4 ,,sba ,inspector ,g5]al review4,sec4 #aa4 ,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 ( ,repres5tatives4 #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#a71 by /rik+ dur+ ! applicable p]iod = a 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 loan =giv5ess ,section #g ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7 is am5d$ by add+ at ! end ! foll[+3 7o7 ,limitations on loan =giv5ess 7#a7 ,9 g5]al ,! ,adm9i/rator may n-- 7,a7 =give any loan "u ?is section unless ,congress has au?oriz$ su* =giv5ess2 or 7,b7 compromise on1 susp5d1 or end collections on a debt ow$ to ! ,adm9i/ration pursuant to p>agraph 7#b7 or 7#c7 ( section #cgaa7;a7 ( title #ca1 ,unit$ ,/ates ,code4 7#b7 ,ref]ral ( debt ,if ! ,adm9i/rator seeks to dis*>ge a debt & ! dis*>ge ( su* debt is limit$ "u p>agraph 7#a71 ! ,adm9i/rator %all ref] su* debt to ! ,dep>tm5t ( ! ,treasury = collection action1 includ+ a f9al det]m9ation reg>d+ :e!r to susp5d1 end1 or cont9ue collection ( ! debt4 4 #g4 ,limits on disa/] loans 7a7 ,l[ fund+ ,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[ 7,a7 ,9 g5]al ,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 ( ! mo/ rec5t appropriation = su* co/s1 ! ,adm9i/rator %all notify ! ,committee on ,appropriations & ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip ( ! ,s5ate & ! ,committee on ,appropriations & ! ,committee on ,small ,bus9ess ( ! ,h\se ( ,repres5tatives4 7,b7 ,limitation on obligat+ funds ,dur+ ! p]iod beg9n+ on ! fir/ bus9ess day occurr+ on or aft] ! date by :i* ! ,adm9i/rator is requir$ to notify ,congress "u subp>agraph 7,a7 & end+ on ! date on :i* additional am\nts are appropriat$ = su* co/s1 ! ,adm9i/rator may n obligate funds = a direct loan au?oriz$ "u ?is subsection 9 an am\nt t is m ?an ! am\nt ( su* a loan = :i* collat]al is requir$4 4 7b7 ,repeal ( au?ority ,to increase am\nt ( loans = :i* collat]al is n requir$ ,section #g7;d77#f7 ( ! ,small ,bus9ess ,act is am5d$ by /rik+ 7or su* high] am\nt z ! ,adm9i/rator det]m9es appropriate 9 ! ev5t ( a major disa/]74 #h4 ,prohibition reg>d+ ,,sba rules relat+ to disa/] loans 7a7 ,def9itions ,9 ?is section3 7#a7 ,co/ ,! t]m co/ has ! mean+ giv5 ! t]m 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#b7 ,rule ,! t]m rule has ! mean+ giv5 ! t]m 9 section #eea ( title #e1 ,unit$ ,/ates ,code4 7b7 ,prohibition ,not)/&+ any o!r provision ( law or regulation1 beg9n+ on ! date ( enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! ,small ,bus9ess ,adm9i/ration may n issue any rule t w result 9 any increas$ co/ to ! program c>ri$ out "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b774 #i4 ,,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 ! ,committee on ,small ,bus9ess & ,entrepr5eur%ip & ! ,committee on ,appropriations ( ! ,s5ate & ! ,committee on ,small ,bus9ess & ! ,committee on ,appropriations ( ! ,h\se ( ,repres5tatives 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 #aj4 ,,sba ,inspector ,g5]al review 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m cov]$ am\nts means am\nts made available = ! co/ ( direct loans au?oriz$ by section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b772 & 7#b7 ! t]m ,inspector ,g5]al means ! ,inspector ,g5]al ( ! ,adm9i/ration4 7b7 ,review 7#a7 ,9 g5]al ,! ,inspector ,g5]al %all conduct a review ( ! circum/ances surr\nd+ ! fund+ %ortfall ) respect to cov]$ am\nts1 z describ$ 9-- 7,a7 ! lett] f ,presid5t ,joseph ,r4 ,bid51 ,jr4 entitl$ ,lett] to ,congress on ,disa/] ,ne$s1 dat$ ,octob] #d1 #bjbd2 & 7,b7 ! lett] f ! ,adm9i/rator submitt$ to ! ,*air & ,rank+ ,memb]s ( ! ,committees on ,appropriations ( ! ,s5ate & ! ,h\se ( ,repres5tatives1 dat$ ,octob] #aj1 #bjbd4 7#b7 ,cont5ts ,! review requir$ "u p>agraph 7#a7 %all include ! foll[+ ) respect to ! fund+ %ortfall describ$ 9 t p>agraph3 7,a7 ,! id5tification ( any report+ or notification requirem5ts 9 /atute t ! ,adm9i/ration fail$ to provide to ,congress ) respect to ! fund+ %ortfall4 7,b7 ,! reason = any obligation or exp5diture ( cov]$ am\nts = a purpose t significantly div]g$ f ! purpose = :i* ! cov]$ am\nts 7 made available4 7,c7 ,an analysis ( ! accuracy ( projections & e/imates relevant to ! div]g5ces describ$ 9 subp>agraph 7,b74 7,d7 ,! id5tification & description ( any int]nal controls 9 place to manage cov]$ am\nts4 7,e7 ,an analysis ( ! impact t any reorganization ( ! ,adm9i/ration1 includ+ ! transf] ( adm9i/rative au?ority = ! program c>ri$ out "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 to ! ,(fice ( ,capital ,access ( ! ,adm9i/ration1 may h _h ) respect to ! fund+ %ortfall4 7,f7 ,! id5tification ( actions t ! ,adm9i/ration c take to-- 7i7 improve ! accuracy ( in=mation submitt$ by ! ,presid5t "u section #aaje7;a7 ( title #ca1 ,unit$ ,/ates ,code1 ) respect to ! ,adm9i/ration2 7ii7 prev5t any future fund+ %ortfall ) respect to any acc\nt ( ! ,adm9i/ration2 & 7iii7 improve ! report submitt$ to ! appropriate committees ( ,congress "u section #abjia7;a7 ( ! ,small ,bus9ess ,disa/] ,response & ,loan ,improvem5ts ,act ( #bjjh 7#ae ,u4,s4,c4 #fcfk7a774 7,g7 ,any o!r matt] det]m9$ relevant by ! ,inspector ,g5]al4 7c7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,inspector ,g5]al %all submit to ! appropriate committees ( ,congress a report t conta9s ! f9d+s ( ! review c>ri$ out "u subsection 7b74 #aa4 ,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/ ( direct loans au?oriz$ by section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b774 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 #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 ,,sba ,inspector ,g5]al review4,sec4 #aj4 ,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 7a7 ,l[ fund+ ,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[ 7,a7 ,9 g5]al ,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 7,b7 ,limitation on obligat+ funds ,dur+ ! p]iod beg9n+ on ! fir/ bus9ess day occurr+ on or aft] ! date by :i* ! ,adm9i/rator is requir$ to notify ,congress "u subp>agraph 7,a7 & end+ on ! date on :i* additional am\nts are appropriat$ = su* co/s1 ! ,adm9i/rator may limit ! obligation ( funds = a direct loan au?oriz$ "u ?is subsection to ! am\nt ( su* a loan = :i* collat]al is requir$4 7,c7 ,au?ority to limit obligation ( funds ,9 c>ry+ out ! au?ority to enact a limitation "u 7,b71 ! ,adm9i/rator %all apply t limitation ) respect to am\nts obligat$ = all direct loans au?oriz$ "u ?is subsection dur+ ! p]iod describ$ 9 subp>agraph 7,b74 7,d7 ,requirem5t to disburse )9 #ad days ,if ! ,adm9i/rator ex]cises ! au?ority "u 7,b71 ! ,adm9i/rator %all1 n lat] ?an #ad days aft] ! date on :i* additional am\nts are appropriat$ "u subp>agraph 7,b71 obligate & disburse on a regul> s*$ule any rema9+ am\nt out/&+ on a direct loan au?oriz$ "u ?is subsection4 4 7b7 ,sunset ,effective on ! date t is #d ye>s aft] ! date ( enactm5t ( ?is ,act1 section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 is am5d$-- 7#a7 by /rik+ p>agraph 7#ag72 & 7#b7 by r$esignat+ p>agraph 7#ah7 z p>agraph 7#ag74 7c7 ,report ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 9 ! ev5t t ! ,adm9i/rator ex]cises ! au?ority describ$ 9 p>agraph 7#ag77;,b7 ( section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b771 z add$ by subsection 7a71 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all submit to ! appropriate committees ( ,congress a report assess+ ! actual & pot5tial impact ( ! am5dm5ts made by subsection 7a7 dur+ ! p]iod cov]$ by ! report4 #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 #bjae & end+ on ,july #ca1 #bjbc & beg9n+ on ,july #ca1 #bjbc & 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 #bjbc & 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 ,,sba ,inspector ,g5]al review 7a7 ,def9itions ,9 ?is section-- 7#a7 ! t]m cov]$ am\nts means am\nts made available = ! co/ ( direct loans au?oriz$ by section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b772 & 7#b7 ! t]m ,inspector ,g5]al means ! ,inspector ,g5]al ( ! ,adm9i/ration4 7b7 ,review 7#a7 ,9 g5]al ,! ,inspector ,g5]al %all conduct a review ( ! circum/ances surr\nd+ ! fund+ %ortfall ) respect to cov]$ am\nts1 z describ$ 9-- 7,a7 ! lett] f ,presid5t ,joseph ,r4 ,bid51 ,jr4 entitl$ ,lett] to ,congress on ,disa/] ,ne$s1 dat$ ,octob] #d1 #bjbd2 & 7,b7 ! lett] f ! ,adm9i/rator submitt$ to ! ,*air & ,rank+ ,memb]s ( ! ,committees on ,appropriations ( ! ,s5ate & ! ,h\se ( ,repres5tatives1 dat$ ,octob] #aj1 #bjbd4 7#b7 ,cont5ts ,! review requir$ "u p>agraph 7#a7 %all include ! foll[+ ) respect to ! fund+ %ortfall describ$ 9 t p>agraph3 7,a7 ,! id5tification ( any report or notification requir$ by /atute t ! ,adm9i/ration fail$ to provide to ,congress ) respect to ! fund+ %ortfall4 7,b7 ,! reason = any obligation or exp5diture ( cov]$ am\nts = a purpose t significantly div]g$ f ! purpose = :i* ! cov]$ am\nts 7 made available4 7,c7 ,an analysis ( ! accuracy ( projections & e/imates relevant to ! div]g5ces describ$ 9 subp>agraph 7,b74 7,d7 ,! id5tification & description ( any int]nal controls 9 place to manage cov]$ am\nts4 7,e7 ,an analysis ( ! impact t any reorganization ( ! ,adm9i/ration1 includ+ ! transf] ( adm9i/rative au?ority = ! program c>ri$ out "u section #g7;b7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;b77 to ! ,(fice ( ,capital ,access ( ! ,adm9i/ration1 may h _h ) respect to ! fund+ %ortfall4 7,f7 ,! id5tification ( actions t ! ,adm9i/ration c take to-- 7i7 improve ! accuracy ( in=mation submitt$ by ! ,presid5t "u section #aaje7;a7 ( title #ca1 ,unit$ ,/ates ,code1 ) respect to ! ,adm9i/ration2 7ii7 prev5t any future fund+ %ortfall ) respect to any acc\nt ( ! ,adm9i/ration2 & 7iii7 improve ! reports submitt$ to ! appropriate committees ( ,congress "u section #abjia7;a7 ( ! ,small ,bus9ess ,disa/] ,response & ,loan ,improvem5ts ,act ( #bjjh 7#ae ,u4,s4,c4 #fcfk7a774 7,g7 ,any o!r matt] det]m9$ relevant by ! ,inspector ,g5]al4 7c7 ,report ,n lat] ?an #ahj days aft] ! date ( enactm5t ( ?is ,act1 ! ,inspector ,g5]al %all submit to ! appropriate committees ( ,congress a report t conta9s ! f9d+s ( ! review c>ri$ out "u subsection 7b74 #aj4 ,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 ,m>* #d1 #bjbe,report$ ) an am5dm5t