‘‘(CC) 
express 
loans 
provided under paragraph 
(31) of similar amounts; and 
‘‘(DD) 
other 
loans 
made under this subsection 
of similar amounts provided 
to small business concerns 
in underserved markets; 
‘‘(cc) a comparison of the 
number and dollar amounts of 
loans provided to small business 
concerns under the program and 
under each category of loans de-
scribed in item (aa), broken down 
by— 
‘‘(AA) loans less than 
or equal to $50,000; 
‘‘(BB) 
loans 
greater 
than $50,000 and less than 
or equal to $150,000; 
‘‘(CC) 
loans 
greater 
than $150,000 and less than 
or equal to $250,000; 
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‘‘(DD) 
loans 
greater 
than $250,000 and less than 
or equal to $350,000; and 
‘‘(EE) 
loans 
greater 
than $350,000 and less than 
or equal to $750,000; 
‘‘(dd) the number and dollar 
amounts of loans provided to 
small business concerns under 
the program by State, and the 
jobs created or retained within 
each State; and 
‘‘(ee) a list of covered insti-
tutions participating in the pro-
gram and the Community Advan-
tage Pilot Program of the Ad-
ministration, including— 
‘‘(AA) the name, loca-
tion, and contact informa-
tion, such as the website and 
telephone number, of each 
covered institution; and 
‘‘(BB) a breakdown by 
the 
number 
and 
dollar 
amount of the loans ap-
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proved for small business 
concerns. 
‘‘(III) TIMING.—An annual re-
port 
required 
under 
this 
clause 
shall— 
‘‘(aa) 
be 
submitted 
and 
made publicly available not later 
than December 1 of each year; 
and 
‘‘(bb) cover the lending ac-
tivity for the fiscal year that 
ended on September 30 of that 
same year. 
‘‘(P) GAO REPORT.—Not later than 5 
years after the date of the enactment of this 
paragraph, the Comptroller General of the 
United States shall submit to the Adminis-
trator, the Committee on Small Business and 
Entrepreneurship of the Senate, and the Com-
mittee on Small Business of the House of Rep-
resentatives a report— 
‘‘(i) assessing— 
‘‘(I) the extent to which the pro-
gram fulfills the requirements of this 
paragraph; and 
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‘‘(II) the performance of covered 
institutions participating in the pro-
gram; and 
‘‘(ii) providing recommendations on 
the administration of the program and the 
findings under subclauses (I) and (II) of 
clause (i). 
‘‘(Q) REGULATIONS.— 
‘‘(i) IN
GENERAL.—Not later than 
180 days after the date of enactment of 
this paragraph, the Administrator shall 
issue rules governing the program, includ-
ing metrics for lender performance, metrics 
of success and benchmarks of the program, 
and criteria for appropriate management 
and technical assistance. 
‘‘(ii) UPDATES.—The Administrator 
shall consult the report submitted under 
subparagraph (P) and, not later than 180 
days after the date on which the Comp-
troller General of the United States sub-
mits such report, amend any existing rules 
of the Administration based on the rec-
ommendations contained in such report.’’. 
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(b) PARTICIPATION.—Section 7(a)(2) of the Small 
Business Act (15 U.S.C. 636(a)(2)) is amended— 
(1) in subparagraph (A), in the matter pre-
ceding clause (i), by striking ‘‘and (F)’’ and insert-
ing ‘‘(F), and (G)’’; and 
(2) by adding at the end the following: 
‘‘(G) PARTICIPATION IN THE COMMUNITY 
ADVANTAGE LOAN PROGRAM.—Subject to sub-
paragraph (G)(i)(II)(cc) of paragraph (38), in 
an agreement to participate in a loan on a de-
ferred basis under that paragraph, the partici-
pation by the Administration shall be— 
‘‘(i) 80 percent of the balance of the 
financing outstanding at the time of the 
disbursement of the loan, if that balance is 
greater than $150,000 and less than or 
equal to $350,000; or 
‘‘(ii) 90 percent of the balance of the 
financing outstanding at the time of the 
disbursement of the loan, if that balance is 
less than or equal to $150,000.’’. 
Æ 
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