II 

117TH CONGRESS 

1ST SESSION S. 513 

To improve access to economic injury disaster loans and emergency advances 

under the CARES Act, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 1, 2021 

Ms. ROSEN (for herself and Mr. CORNYN) introduced the following bill; which 

was read twice and referred to the Committee on Small Business and Entrepreneurship 

A BILL 

To improve access to economic injury disaster loans and 

emergency advances under the CARES Act, and for 

other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Ensuring Increased 

5 Disaster Loans for Small Businesses Act’’ or the ‘‘EIDL 

6 for Small Businesses Act’’. 


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1 SEC. 2. DEFINITIONS. 

2 In this Act, the terms ‘‘Administration’’ and ‘‘Admin3 istrator’’ mean the Small Business Administration and the 

4 Administrator thereof, respectively. 

5 SEC. 3. ECONOMIC INJURY DISASTER LOANS. 

6 (a) LOANS FOR NEW BORROWERS.—With respect to 

7 an economic injury disaster loan made under section 

8 7(b)(2) of the Small Business Act (15 U.S.C. 636(b)(2)) 

9 during the period beginning on the date of enactment of 

10 this Act and ending on December 31, 2021, the Adminis11 trator shall not impose a maximum loan amount limit that 

12 is lower than $2,000,000. 

13 (b) ADDITIONAL LOAN FOR EXISTING BOR14 ROWERS.— 

15 (1) IN GENERAL.—A recipient of an economic 

16 disaster injury loan made under section 7(b)(2) of 

17 the Small Business Act (15 U.S.C. 636(b)(2)) dur18 ing the period beginning on January 31, 2020, and 

19 ending on December 31, 2021, may submit to the 

20 Administration a request for an additional amount 

21 to increase in the amount of that loan in an amount 

22 requested by the applicant, provided that the aggre23 gate amount received under such section by the re24 cipient during that period shall be not more than 

25 $2,000,000. 


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1 (2) CONSIDERATION.—In considering a request 

2 submitted under paragraph (1), the Administrator— 

3 (A) shall issue a determination based on 

4 the documentation submitted by the applicant 

5 for the initial loan under section 7(b)(2) of the 

6 Small Business Act (15 U.S.C. 636(b)(2)); and 

7 (B) shall not require the applicant to sub8 mit additional documentation. 

9 (c) EIDL ADVANCES.—Section 1110(e)(3) of the 

10 CARES Act (15 U.S.C. 9009(e)(3)) is amended by adding 

11 at the end the following: 

12 ‘‘(C) ADDITIONAL AMOUNT.—With respect 

13 to any recipient of an advance under this sub14 section before the date of enactment of the En15 suring Increased Disaster Loans for Small 

16 Businesses Act of less than $10,000, the Ad17 ministrator shall, not later than 15 days after 

18 the date of enactment of that Act, provide to 

19 the recipient an additional advance such that 

20 the total amount received by the recipient is 

21 $10,000.’’. 

22 (d) MONTHLY REPORT.—Not later than 1 month 

23 after the date of enactment of this Act, and every month 

24 thereafter, the Administrator shall submit to the Com25 mittee on Small Business and Entrepreneurship and the 


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1 Committee on Appropriations of the Senate and the Com2 mittee on Small Business and the Committee on Appro3 priations of the House of Representatives a report on, for 

4 the month covered by the report— 

5 (1) the status of the appropriations account 

6 under the heading ‘‘Small Business Administra7 tion—Disaster Loans Program Account’’, including 

8 all obligations, allocations, and amounts undistrib9 uted or unallocated; 

10 (2) the allocations, obligations, and expendi11 tures from that account for all declared disasters 

12 under section 7(b) of the Small Business Act (15 

13 U.S.C. 636(b)); and 

14 (3) an estimate of when available appropria15 tions in that account will be exhausted. 

16 (e) APPROPRIATIONS FOR EIDL ADVANCES.— 

17 (1) AUTHORIZATION OF APPROPRIATIONS.— 

18 Section 1110(e)(7) of the CARES Act (15 U.S.C. 

19 9009(e)(7)) is amended by striking 

20 ‘‘$20,000,000,000’’ and inserting 

21 ‘‘$35,000,000,000’’. 

22 (2) DIRECT APPROPRIATIONS.—There is appro23 priated, out of amounts in the Treasury not other24 wise appropriated, for an additional amount under 

25 the heading ‘‘Small Business Administration— 


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1 Emergency EIDL Grants’’ for the cost of emergency 

2 economic injury disaster loan grants authorized by 

3 section 1110(e) of the CARES Act (15 U.S.C. 

4 9009(e)), $15,000,000,000, to remain available until 

5 expended, to prevent, prepare for, and respond to 

6 coronavirus, domestically or internationally. 

7 (3) EMERGENCY DESIGNATION.— 

8 (A) IN GENERAL.—The amounts provided 

9 under this subsection are designated as an 

10 emergency requirement pursuant to section 4(g) 

11 of the Statutory Pay-As-You-Go Act of 2010 (2 

12 U.S.C. 933(g)). 

13 (B) DESIGNATION IN SENATE.—In the 

14 Senate, this subsection is designated as an 

15 emergency requirement pursuant to section 

16 4112(a) of H. Con. Res. 71 (115th Congress), 

17 the concurrent resolution on the budget for fis18 cal year 2018. 

Æ 


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