In the Senate of the United States, 

July 23, 2015. 

Resolved, That the bill from the House of Representatives (H.R. 2499) entitled ‘‘An Act to amend the Small Business Act to increase access to capital for veteran entrepreneurs, to help create jobs, and for other purposes.’’, do 

pass with the following 

AMENDMENT: 

At the end, add the following: 

1 SEC. 4. BUSINESS LOANS PROGRAM. 

2 (a) SECTION 7(a) FUNDING LEVELS.—The third pro3 viso under the heading ‘‘BUSINESS LOANS PROGRAM AC4 COUNT’’ under the heading ‘‘SMALL BUSINESS ADMINISTRA5 TION’’ under title V of division E of the Consolidated and 

6 Further Continuing Appropriations Act, 2015 (Public Law 

7 113–235; 128 Stat. 2371) is amended by striking 

8 ‘‘$18,750,000,000’’ and inserting ‘‘$23,500,000,000’’. 

9 (b) LOAN LIMITATIONS.—Section 7(a)(1) of the Small 

10 Business Act (15 U.S.C. 636(a)(1)) is amended— 
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1 (1) in subparagraph (A)— 

2 (A) by striking ‘‘No financial assistance’’ 

3 and inserting the following: 

4 ‘‘(i) IN GENERAL.—No financial assist5 ance’’; and 

6 (B) by adding at the end the following: 

7 ‘‘(ii) LIQUIDITY.—On and after Octo8 ber 1, 2015, the Administrator may not 

9 guarantee a loan under this subsection if 

10 the lender determines that the borrower is 

11 unable to obtain credit elsewhere solely be12 cause the liquidity of the lender depends 

13 upon the guaranteed portion of the loan 

14 being sold on the secondary market.’’; and 

15 (2) by adding at the end the following: 

16 ‘‘(C) LENDING LIMITS OF LENDERS.—On 

17 and after October 1, 2015, the Administrator 

18 may not guarantee a loan under this subsection 

19 if the sole purpose for requesting the guarantee 

20 is to allow the lender to exceed the legal lending 

21 limit of the lender.’’. 

22 (c) REPORTING.— 

23 (1) DEFINITIONS.—In this subsection— 
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1 (A) the term ‘‘Administrator’’ means the 

2 Administrator of the Small Business Adminis3 tration; 

4 (B) the term ‘‘business loan’’ means a loan 

5 made or guaranteed under section 7(a) of the 

6 Small Business Act (15 U.S.C. 636(a)); 

7 (C) the term ‘‘cancellation’’ means that the 

8 Administrator approves a proposed business 

9 loan, but the prospective borrower determines not 

10 to take the business loan; and 

11 (D) the term ‘‘net dollar amount of business 

12 loans’’ means the difference between the total dol13 lar amount of business loans and the total dollar 

14 amount of cancellations. 

15 (2) REQUIREMENT.—During the 3-year period 

16 beginning on the date of enactment of this Act, the 

17 Administrator shall submit to Committee on Small 

18 Business and Entrepreneurship and the Committee on 

19 Appropriations of the Senate and the Committee on 

20 Small Business and the Committee on Appropriations 

21 of the House of Representatives a quarterly report re22 garding the loan programs carried out under section 

23 7(a) of the Small Business Act (15 U.S.C. 636(a)), 

24 which shall include— 
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1 (A) for the fiscal year during which the re2 port is submitted and the 3 fiscal years before 

3 such fiscal year— 

4 (i) the weekly total dollar amount of 

5 business loans; 

6 (ii) the weekly total dollar amount of 

7 cancellations; 

8 (iii) the weekly net dollar amount of 

9 business loans— 

10 (I) for all business loans; and 

11 (II) for each category of loan 

12 amount described in clause (i), (ii), or 

13 (iii) of section 7(a)(18) of the Small 

14 Business Act (15 U.S.C. 636(a)(18)); 

15 (B) for the fiscal year during which the re16 port is submitted— 

17 (i) the amount of remaining authority 

18 for business loans, in dollar amount and as 

19 a percentage; and 

20 (ii) estimates of the date on which the 

21 net dollar amount of business loans will 

22 reach the maximum for such business loans 

23 based on daily net lending volume and ex24 trapolations based on year to date net lend-
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1 ing volume, quarterly net lending volume, 

2 and quarterly growth trends; 

3 (C) the number of early defaults (as deter4 mined by the Administrator) during the quarter 

5 covered by the report; 

6 (D) the total amount paid by borrowers in 

7 early default during the quarter covered by the 

8 report, as of the time of purchase of the guar9 antee; 

10 (E) the number of borrowers in early de11 fault that are franchisees; 

12 (F) the total amount of guarantees pur13 chased by the Administrator during the quarter 

14 covered by the report; and 

15 (G) a description of the actions the Admin16 istrator is taking to combat early defaults ad17 ministratively and any legislative action the Ad18 ministrator recommends to address early de19 faults. 

Attest: 

Secretary. 
114TH CONGRESS 

1ST SESSION H.R. 2499 

AMENDMENT