† HR 2499 EAS 
(1) in subparagraph (A)— 
(A) by striking ‘‘No financial assistance’’ 
and inserting the following: 
‘‘(i) IN GENERAL.—No financial assist-
ance’’; and 
(B) by adding at the end the following: 
‘‘(ii) LIQUIDITY.—On and after Octo-
ber 1, 2015, the Administrator may not 
guarantee a loan under this subsection if 
the lender determines that the borrower is 
unable to obtain credit elsewhere solely be-
cause the liquidity of the lender depends 
upon the guaranteed portion of the loan 
being sold on the secondary market.’’; and 
(2) by adding at the end the following: 
‘‘(C) LENDING
LIMITS
OF
LENDERS.—On 
and after October 1, 2015, the Administrator 
may not guarantee a loan under this subsection 
if the sole purpose for requesting the guarantee 
is to allow the lender to exceed the legal lending 
limit of the lender.’’. 
(c) REPORTING.— 
(1) DEFINITIONS.—In this subsection—
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(A) the term ‘‘Administrator’’ means the 
Administrator of the Small Business Adminis-
tration; 
(B) the term ‘‘business loan’’ means a loan 
made or guaranteed under section 7(a) of the 
Small Business Act (15 U.S.C. 636(a)); 
(C) the term ‘‘cancellation’’ means that the 
Administrator approves a proposed business 
loan, but the prospective borrower determines not 
to take the business loan; and 
(D) the term ‘‘net dollar amount of business 
loans’’ means the difference between the total dol-
lar amount of business loans and the total dollar 
amount of cancellations. 
(2) REQUIREMENT.—During the 3-year period 
beginning on the date of enactment of this Act, the 
Administrator shall submit to Committee on Small 
Business and Entrepreneurship and the Committee on 
Appropriations of the Senate and the Committee on 
Small Business and the Committee on Appropriations 
of the House of Representatives a quarterly report re-
garding the loan programs carried out under section 
7(a) of the Small Business Act (15 U.S.C. 636(a)), 
which shall include—
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(A) for the fiscal year during which the re-
port is submitted and the 3 fiscal years before 
such fiscal year— 
(i) the weekly total dollar amount of 
business loans; 
(ii) the weekly total dollar amount of 
cancellations; 
(iii) the weekly net dollar amount of 
business loans— 
(I) for all business loans; and 
(II) for each category of loan 
amount described in clause (i), (ii), or 
(iii) of section 7(a)(18) of the Small 
Business Act (15 U.S.C. 636(a)(18)); 
(B) for the fiscal year during which the re-
port is submitted— 
(i) the amount of remaining authority 
for business loans, in dollar amount and as 
a percentage; and 
(ii) estimates of the date on which the 
net dollar amount of business loans will 
reach the maximum for such business loans 
based on daily net lending volume and ex-
trapolations based on year to date net lend-
† HR 2499 EAS 
ing volume, quarterly net lending volume, 
and quarterly growth trends; 
(C) the number of early defaults (as deter-
mined by the Administrator) during the quarter 
covered by the report; 
(D) the total amount paid by borrowers in 
early default during the quarter covered by the 
report, as of the time of purchase of the guar-
antee; 
(E) the number of borrowers in early de-
fault that are franchisees; 
(F) the total amount of guarantees pur-
chased by the Administrator during the quarter 
covered by the report; and 
(G) a description of the actions the Admin-
istrator is taking to combat early defaults ad-
ministratively and any legislative action the Ad-
ministrator recommends to address early de-
faults. 
Attest: 
Secretary.