II 

111TH CONGRESS 

2D SESSION S. 3604 

To extend the small business loan enhancements. 

IN THE SENATE OF THE UNITED STATES 

JULY 15, 2010 

Ms. SNOWE (for herself, Mr. GRASSLEY, Mr. ENZI, Mr. ISAKSON, and Ms. 

COLLINS) introduced the following bill; which was read twice and referred 

to the Committee on Small Business and Entrepreneurship 

A BILL 

To extend the small business loan enhancements. 

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

3 SECTION 1. SMALL BUSINESS LOAN GUARANTEE ENHANCE4 MENT EXTENSIONS. 

5 (a) APPROPRIATION.—There is appropriated, out of 

6 any funds in the Treasury not otherwise appropriated, for 

7 an additional amount for ‘‘Small Business Administra8 tion—Business Loans Program Account’’, $480,000,000, 

9 to remain available through December 31, 2010, for the 

10 cost of— 


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•S 3604 IS

1 (1) fee reductions and eliminations under sec2 tion 501 of division A of the American Recovery and 

3 Reinvestment Act of 2009 (Public Law 111–5; 123 

4 Stat. 151), as amended by this section; and 

5 (2) loan guarantees under section 502 of divi6 sion A of the American Recovery and Reinvestment 

7 Act of 2009 (Public Law 111–5; 123 Stat. 152), as 

8 amended by this section. 

9 Such costs, including the cost of modifying such loans, 

10 shall be as defined in section 502 of the Congressional 

11 Budget Act of 1974. 

12 (b) EXTENSION OF PROGRAMS.— 

13 (1) FEES.—Section 501 of division A of the 

14 American Recovery and Reinvestment Act of 2009 

15 (Public Law 111–5; 123 Stat. 151) is amended by 

16 striking ‘‘September 30, 2010’’ each place it appears 

17 and inserting ‘‘December 31, 2010’’. 

18 (2) LOAN GUARANTEES.—Section 502(f) of di19 vision A of the American Recovery and Reinvest20 ment Act of 2009 (Public Law 111–5; 123 Stat. 

21 153) is amended by striking ‘‘May 31, 2010’’ and 

22 inserting ‘‘December 31, 2010’’. 

23 (c) APPROPRIATION.—There is appropriated, out of 

24 any funds in the Treasury not otherwise appropriated, for 

25 an additional amount for administrative expenses to carry 


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1 out sections 501 and 502 of division A of the American 

2 Recovery and Reinvestment Act of 2009 (Public Law 111– 

3 5), $5,000,000, to remain available until expended, which 

4 may be transferred and merged with the appropriation for 

5 ‘‘Small Business Administration—Salaries and Ex6 penses’’. 

7 (d) USE OF STIMULUS FUNDS TO OFFSET SPEND8 ING.—Notwithstanding section 5 of the American Recov9 ery and Reinvestment Act of 2009 (Public Law 111–5; 

10 123 Stat. 116), $485,000,000 is rescinded on a pro rata 

11 basis, by account, from unobligated amounts appropriated 

12 or made available under division A of the American Recov13 ery and Reinvestment Act of 2009 (Public Law 111–5; 

14 123 Stat. 116) (other than under title X of division A 

15 of such Act) in order to offset the increase in spending 

16 resulting from subsections (a) and (c) of this section. The 

17 Director of the Office of Management and Budget shall 

18 report to each congressional committee the amounts re19 scinded under this subsection within the jurisdiction of 

20 such committee. 

Æ 


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