Business Act (15 U.S.C. 636(b)), as amended by this sec-
tion. 
(g) EFFECTIVE DATE.— 
(1) IN GENERAL.—The amendments made by 
subsections (a), (b), (c), and (d) shall take effect on 
the date that is three years after the date of the en-
actment of this Act. 
(2) INTERIM
LOAN
AUTHORITY.—During the 
period beginning on the date the Administrator 
issues the rules required under subsection (f) and 
ending three years after the date of the enactment 
of this Act, loans may be made under section 7(b) 
of the Small Business Act (15 U.S.C. 636(b)) as if 
the amendments made by subsections (a), (b), (c), 
and (d) were in effect. 
SEC. 203. DISASTER LOAN PROGRAM OVERSIGHT. 
(a) ADMINISTRATION OVERSIGHT.— 
(1) IN GENERAL.—With respect to loans made 
under section 7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)), other than loans made pursuant 
to section 202(g)(2) of this Act, the Administrator 
shall take such action as necessary to— 
(A) establish or strengthen controls to en-
sure that loan proceeds are deposited in a legiti-
mate account of a borrower; 
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(B) ensure that any modification of a loan 
application after lender approval of such loan is 
reviewed by an employee of the Administration; 
(C) establish or strengthen controls to— 
(i) ensure that multiple loans are pro-
vided only to eligible borrowers; and 
(ii) prevent the erroneous duplication 
of loans, including by establishing a system 
to verify the identity of a borrower using 
photo identification; 
(D) verify the applicant is a legitimate bor-
rower with the appropriate State or local agen-
cy through tax returns, documentation relating 
to incorporation or status as a nonprofit organi-
zation, or another method; 
(E) ensure that two employees of the Ad-
ministration approve each application for such 
loans and eliminate any processes of the Ad-
ministration that allow for simultaneous ap-
proval of multiple loan applications; 
(F) require an individual employee of the 
Administration to contact applicants who sub-
mit multiple loan applications from the same 
Internet Protocol addresses, email addresses, or 
physical addresses, or with the same bank ac-
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count numbers, to verify eligibility of such ap-
plicants; 
(G) ensure that such borrower is not in-
cluded on the ‘‘Do Not Pay List’’ of the De-
partment of the Treasury (as described under 
section 3354 of title 31, United States Code); 
(H) prevent duplicate loan applications 
with the same employer identification number 
or social security number; and 
(I) establish a system to prevent disburse-
ment of such loans to applicants that submit 
more than one loan application with the same 
employer identification number, social security 
number, email addresses, physical addresses, or 
bank account number, or from the same Inter-
net Protocol address. 
(2) SUNSET.—This subsection shall terminate 
on the date that is three years after the date of the 
enactment of this Act. 
(b) AUDIT PLAN.—Section 7(b) of the Small Busi-
ness Act (15 U.S.C. 636(b)) is amended by inserting after 
paragraph (15) the following new paragraph: 
‘‘(16) AUDIT PLAN.— 
‘‘(A) IN
GENERAL.—Not later than 90 
days after the date of the enactment of this 
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paragraph, the Administrator shall submit to 
the Committee on Small Business and Entre-
preneurship of the Senate and the Committee 
on Small Business of the House of Representa-
tives a plan for auditing covered loans, includ-
ing— 
‘‘(i) the policies and procedures that 
the Administrator shall use to conduct au-
dits of such covered loans; and 
‘‘(ii) the metrics that the Adminis-
trator shall use to determine which such 
covered loans to audit. 
‘‘(B) REPORTS.—Not later than 30 days 
after the date on which the Administrator sub-
mits the plan required by subparagraph (A), 
and each month thereafter, the Administrator 
shall submit to the Committee on Small Busi-
ness and Entrepreneurship of the Senate and 
the Committee on Small Business of the House 
of Representatives a report on the audit activi-
ties of the Administration with respect to cov-
ered loans under this subsection, including— 
‘‘(i) the number of active reviews and 
audits; 
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‘‘(ii) the results of completed reviews 
and audits; and 
‘‘(iii) any substantial changes to the 
plan submitted under subparagraph (A). 
‘‘(C) COVERED
LOAN
DEFINED.—In this 
paragraph, the term ‘covered loan’ means a 
loan made— 
‘‘(i) under this subsection; and 
‘‘(ii)(I) pursuant to section 202(g)(2) 
of the IMPROVE the SBA Act; or 
‘‘(II) not earlier than the date that is 
three years after the date of the enactment 
of this paragraph.’’. 
SEC. 204. HIGH RISK LOAN REVIEW. 
Section 47(c)(2) of the Small Business Act (15 
U.S.C. 657t(c)(2)) is amended— 
(1) by striking ‘‘shall be responsible’’ and in-
serting the following: ‘‘shall— 
‘‘(A) be responsible’’; 
(2) by striking ‘‘participants.’’ and inserting 
‘‘participants; and’’; 
(3) by adding at the end the following new sub-
paragraph: 
‘‘(B) establish a separate process for the 
oversight of such lenders and participants with 
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respect to a loan made in an amount greater 
than or equal to $500,000 for which the bor-
rower of such loan defaulted within the first 18 
months after the initial disbursement of such 
loan.’’. 
SEC. 205. CAPITAL ACCESS PROGRAM OVERSIGHT. 
(a) GUARANTEED LENDING PROGRAMS.—Section 47 
of the Small Business Act (15 U.S.C. 657t) is amended 
by adding at the end the following new subsection: 
‘‘(j) CONGRESSIONAL TESTIMONY.—Not later than 
the date that is 120 days after the date of the enactment 
of this subsection, and not less frequently than annually 
thereafter, the Associate Administrator of the Office of 
Capital Access of the Administration and the Director 
shall testify before the Committee on Small Business and 
Entrepreneurship of the Senate and the Committee on 
Small Business of the House of Representatives regarding 
the state of lending under sections 7(a) and 7(m) of this 
Act and under section 503 of the Small Business Invest-
ment Act of 1958, including programs under which loans 
are made pursuant to such sections.’’. 
(b) DISASTER LENDING PROGRAMS.—Section 7(b) of 
the Small Business Act (15 U.S.C. 636(b)), as amended 
by section 203(b), is further amended by inserting after 
paragraph (16) the following new paragraph: 
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‘‘(17) CONGRESSIONAL TESTIMONY.—Not later 
than the date that is 120 days after the date of the 
enactment of this paragraph, and not less frequently 
than annually thereafter, the Associate Adminis-
trator of the Office of Disaster Assistance shall tes-
tify before the Committee on Small Business and 
Entrepreneurship of the Senate and the Committee 
on Small Business of the House of Representatives 
regarding the state of lending under this subsection, 
including programs under which loans are made pur-
suant to this subsection.’’. 
(c) SMALL BUSINESS INVESTMENT COMPANIES.— 
Section 308 of the Small Business Investment Act of 1958 
(15 U.S.C. 687) is amended by adding at the end the fol-
lowing new subsection: 
‘‘(j) CONGRESSIONAL TESTIMONY.—Not later than 
the date that is 120 days after the date of the enactment 
of this subsection, and not less frequently than annually 
thereafter, the Associate Administrator of the Office of In-
vestment and Innovation shall testify before the Com-
mittee on Small Business and Entrepreneurship of the 
Senate and the Committee on Small Business of the 
House of Representatives regarding the state of small 
business investment companies and the operations of the 
Administration under this Act.’’. 
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TITLE III—SMALL BUSINESS AD-
MINISTRATION COUNSELING 
PROGRAMS 
SEC. 301. APPEARANCES BEFORE CONGRESS. 
(a) RESOURCE PARTNER DEFINED.—Section 3 of 
the Small Business Act (15 U.S.C. 632) is amended by 
adding at the end the following new subsection: 
‘‘(gg) RESOURCE PARTNER.—The term ‘resource 
partner’ means— 
‘‘(1) a small business development center; 
‘‘(2) a women’s business center (as described in 
section 29); 
‘‘(3) a Veteran Business Outreach Center (as 
described under section 32); or 
‘‘(4) a chapter of the Service Corps of Retired 
Executives (as defined in section 8(b)(1)(B)).’’. 
(b) METRICS.—Not later than 60 days after the date 
of the enactment of this Act, the Administrator shall es-
tablish metrics to measure the effectiveness of the out-
reach of each resource partner (as defined in subsection 
(gg) of section 3 of the Small Business Act (15 U.S.C. 
632), as added by subsection (a)). 
(c) APPEARANCES BEFORE CONGRESS.—Section 10 
of the Small Business Act (15 U.S.C. 639), as amended 
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by section 102(a), is further amended by adding at the 
end the following new subsection: 
‘‘(j) APPEARANCES BEFORE CONGRESS.—The Ad-
ministrator or the Associate Administrator for the Office 
of Entrepreneurial Development shall annually appear be-
fore the Committee on Small Business and Entrepreneur-
ship of the Senate and the Committee on Small Business 
of the House of Representatives to provide information on 
the effectiveness of programs of resource partners, includ-
ing a description of, with respect to the year preceding 
the date of such appearance— 
‘‘(1) the number of small business concerns 
that participate in each such program; 
‘‘(2) the number of small business concerns 
that benefit from each such program; 
‘‘(3) the number of new small business concerns 
created through the assistance of each such pro-
gram; 
‘‘(4) the number of jobs created through the as-
sistance of each such program; 
‘‘(5) the number of trainings each such re-
source partner hosted and the number of attendees 
at each such training; and 
‘‘(6) information on outreach to graduates from 
career and technical education programs or pro-
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grams of study, small business concerns in rural 
areas (as such term is defined in subsection 
(m)(11)), small business concerns located in quali-
fied opportunity zones (as defined in section 1400Z– 
1 of the Internal Revenue Code of 1986), and small 
business concerns with not more than 20 full-time 
employees.’’. 
SEC. 302. ASSISTANCE FOR COVERED CONCERNS IN CER-
TAIN PROGRAMS OF THE SMALL BUSINESS 
ADMINISTRATION. 
(a) SMALL BUSINESS DEVELOPMENT CENTERS.— 
Section 21(c)(3)(N) of the Small Business Act (15 U.S.C. 
648(c)(3)(N)) is amended— 
(1) in the matter preceding clause (i), by insert-
ing ‘‘, small business concerns located in qualified 
opportunity zones (as defined in section 1400Z–1 of 
the Internal Revenue Code of 1986), and small busi-
ness concerns with not more than 20 full-time em-
ployees (in this subparagraph referred to as ‘covered 
concerns’)’’ after ‘‘rural small businesses’’; 
(2) in clause (i), by striking ‘‘market—’’ and 
inserting ‘‘market;’’; 
(3) in clause (ii), by striking ‘‘rural small busi-
nesses’’ and inserting ‘‘covered concerns’’; and 
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(4) in clause (iii), by striking ‘‘rural small busi-
ness concerns’’ and inserting ‘‘covered concerns’’. 
(b) WOMEN’S BUSINESS CENTERS.—Section 29(b) of 
the Small Business Act (15 U.S.C. 656(b)) is amended— 
(1) in paragraph (2), by striking ‘‘and’’ at the 
end; 
(2) in paragraph (3), by striking the period at 
the end and inserting a semicolon; and 
(3) by adding at the end the following new 
paragraph: 
‘‘(4) assistance for rural small businesses, small 
business concerns located in qualified opportunity 
zones (as defined in section 1400Z–1 of the Internal 
Revenue Code of 1986), and small business concerns 
with not more than 20 full-time employees;’’. 
SEC. 303. INCLUSION OF CAREER AND TECHNICAL EDU-
CATION IN CERTAIN PROGRAMS OF THE 
SMALL BUSINESS ADMINISTRATION. 
(a) CAREER
AND
TECHNICAL
EDUCATION
DE-
FINED.—Section 3 of the Small Business Act (15 U.S.C. 
632), as amended by section 301, is further amended by 
adding at the end the following new subsection: 
‘‘(hh) CAREER AND TECHNICAL EDUCATION.—The 
term ‘career and technical education’ has the meaning 
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given the term in section 3 of the Carl D. Perkins Career 
and Technical Education Act of 2006 (20 U.S.C. 2302).’’. 
(b) SMALL BUSINESS DEVELOPMENT CENTERS.— 
Section 21(c)(3) of the Small Business Act (15 U.S.C. 
648(c)(3)) is amended— 
(1) in subparagraph (T), by striking ‘‘and’’ at 
the end; 
(2) in clause (v) of the first subparagraph (U) 
(relating to succession planning), by striking the pe-
riod at the end and inserting a semicolon; 
(3) by redesignating the second subparagraph 
(U) (relating to training on domestic and inter-
national intellectual property protections) as sub-
paragraph (V); 
(4) in clause (ii)(II) of subparagraph (V), as so 
redesignated, by striking the period at the end and 
inserting a semicolon; and 
(5) by adding at the end the following new sub-
paragraphs: 
‘‘(W) assisting small businesses in hiring 
graduates from career and technical education 
programs or programs of study; 
‘‘(X) assisting graduates from career and 
technical education programs or programs of 
study in starting up a small business concern.’’. 
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