II 

116TH CONGRESS 

2D SESSION S. 4227 

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 

JULY 20, 2020 

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, 2020 or such later 

11 date as the Administrator may determine, the Adminis12 trator shall not impose a maximum loan amount limit that 

13 is lower than $2,000,000. 

14 (b) ADDITIONAL LOAN FOR EXISTING BOR15 ROWERS.— 

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

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

18 the Small Business Act (15 U.S.C. 636(b)(2)) dur19 ing the period beginning on January 31, 2020 and 

20 ending on December 31, 2020 or such later date as 

21 the Administrator may determine may submit to the 

22 Administration a request for an additional amount 

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

24 requested by the applicant, provided that the aggre25 gate amount received under such section by the reVerDate Sep 11 2014 01:18 Jul 26, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\S4227.IS S4227

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1 cipient during that period shall be not more than 

2 $2,000,000. 

3 (2) CONSIDERATION.—In considering a request 

4 submitted under paragraph (1), the Administrator— 

5 (A) shall issue a determination based on 

6 the documentation submitted by the applicant 

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

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

9 (B) shall not require the applicant to sub10 mit additional documentation. 

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

12 CARES Act (15 U.S.C. 9009(e)(3)) is amended— 

13 (1) by striking ‘‘The’’ and inserting the fol14 lowing: 

15 ‘‘(A) IN GENERAL.—The’’; 

16 (2) in subparagraph (A), as so designated, by 

17 striking ‘‘not more than’’; and 

18 (3) by adding at the end the following: 

19 ‘‘(B) NO APPROVAL NECESSARY.—The Ad20 ministrator shall provide to an applicant an ad21 vance under this subsection not later than 3 

22 days after the applicant submits the application 

23 under paragraph (1) regardless of whether the 

24 application of the applicant for a loan under 

25 section 7(b)(2) of the Small Business Act (15 


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1 U.S.C. 636(b)(2)) has been approved by that 

2 date. 

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

4 to any recipient of an advance under this sub5 section before the date of enactment of the En6 suring Increased Disaster Loans for Small 

7 Businesses Act of less than $10,000, the Ad8 ministrator shall, not later than 15 days after 

9 the date of enactment of that Act, provide to 

10 the recipient an additional advance such that 

11 the total amount received by the recipient is 

12 $10,000.’’. 

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

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

15 thereafter, the Administrator shall submit to the Com16 mittee on Small Business and Entrepreneurship and the 

17 Committee on Appropriations of the Senate and the Com18 mittee on Small Business and the Committee on Appro19 priations of the House of Representatives a report on, for 

20 the month covered by the report— 

21 (1) the status of the appropriations account 

22 under the heading ‘‘Small Business Administra23 tion—Disaster Loans Program Account’’, including 

24 all obligations, allocations, and amounts undistrib25 uted or unallocated; 


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1 (2) the allocations, obligations, and expendi2 tures from that account for all declared disasters 

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

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

5 (3) an estimate of when available appropria6 tions in that account will be exhausted. 

7 (e) APPROPRIATIONS.— 

8 (1) EIDL.—There is appropriated, out of 

9 amounts in the Treasury not otherwise appropriated, 

10 for an additional amount under the heading ‘‘Small 

11 Business Administration—Disaster Loans Program 

12 Account’’ for the cost of direct loans authorized by 

13 section 7(b) of the Small Business Act (15 U.S.C. 

14 636(b)), $100,000,000,000, to remain available until 

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

16 coronavirus, domestically or internationally. 

17 (2) EIDL ADVANCES.— 

18 (A) AUTHORIZATION OF APPROPRIA19 TIONS.—Section 1110(e)(7) of the CARES Act 

20 (15 U.S.C. 9009(e)(7)) is amended by striking 

21 ‘‘$20,000,000,000’’ and inserting 

22 ‘‘100,000,000,000’’. 

23 (B) DIRECT APPROPRIATIONS.—There is 

24 appropriated, out of amounts in the Treasury 

25 not otherwise appropriated, for an additional 


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1 amount under the heading ‘‘Small Business Ad2 ministration—Emergency EIDL Grants’’ for 

3 the cost of emergency economic injury disaster 

4 loan grants authorized by section 1110(e) of 

5 the CARES Act (15 U.S.C. 9009(e)), 

6 $80,000,000,000, to remain available until ex7 pended, to prevent, prepare for, and respond to 

8 coronavirus, domestically or internationally. 

9 (3) EMERGENCY DESIGNATION.— 

10 (A) IN GENERAL.—The amounts provided 

11 under this subsection are designated as an 

12 emergency requirement pursuant to section 4(g) 

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

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

15 (B) DESIGNATION IN SENATE.—In the 

16 Senate, this subsection is designated as an 

17 emergency requirement pursuant to section 

18 4112(a) of H. Con. Res. 71 (115th Congress), 

19 the concurrent resolution on the budget for fis20 cal year 2018. 

Æ 


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