1125 
‘‘(1) COVERED INVESTMENTS.—The term ‘cov-
ered investments’ means investments in— 
‘‘(A) infrastructure, including— 
‘‘(i) roads, bridges, and mass transit; 
‘‘(ii) water supply and sewer; 
‘‘(iii) the electrical grid; 
‘‘(iv) broadband and telecommuni-
cations; 
‘‘(v) clean energy; or 
‘‘(vi) child care and elder care; 
‘‘(B) manufacturing; 
‘‘(C) low-income communities, as that term 
is defined in section 45D(e) of the Internal 
Revenue Code of 1986; 
‘‘(D) HUBZones, as defined in section 
31(b) of the Small Business Act; 
‘‘(E) small business concerns owned and 
controlled by a member of an Indian tribe indi-
vidually identified (including parenthetically) in 
the most recent list published pursuant to sec-
tion 104 of the Federally Recognized Indian 
Tribe List Act of 1994; 
‘‘(F) small business concerns owned and 
controlled by an individual with a disability, as 
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defined in section 3 of the Americans with Dis-
abilities Act of 1990; 
‘‘(G) small business concerns owned and 
controlled by a veteran; or 
‘‘(H) small business concerns identified by 
the Administrator as critical. 
‘‘(2) FACILITY.—The term ‘facility’ means the 
facility established under subsection (b). 
‘‘(3) 
PARTNERSHIP
INTEREST.—The 
term 
‘partnership interest’ means a limited partnership 
equity interest in a licensee purchased and held by 
the Administration under this section. 
‘‘(4) VENTURE SMALL BUSINESS INVESTMENT 
COMPANY.—The term ‘venture small business invest-
ment company’ means a private equity fund— 
‘‘(A) that makes early-stage venture cap-
ital investments in small business concerns ap-
proved to participate in the facility by the Ad-
ministration; and 
‘‘(B) for which 75 percent of total 
financings shall be invested in covered invest-
ments, of which not more than 33 percent of 
such investments are in small business concerns 
in infrastructure or manufacturing. 
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‘‘(b) ESTABLISHMENT AND ADMINISTRATION OF FA-
CILITY.— 
‘‘(1) IN GENERAL.—The Administrator shall es-
tablish and carry out a facility to purchase partner-
ship interests from venture small business invest-
ment companies. 
‘‘(2) ADMINISTRATION.—The facility shall be 
administered by the Administrator acting through 
the Associate Administrator described in section 
201. 
‘‘(3) USE
OF
AMOUNTS.—The Administrator 
shall use amounts deposited in the facility to pur-
chase partnership interests from venture small busi-
ness investment companies. 
‘‘(4) BIFURCATION.—Losses to the Administra-
tion under this section— 
‘‘(A) shall not be offset by fees or any 
other charges on licenses not authorized by the 
Administration; 
‘‘(B) shall be borne solely by the facility; 
and 
‘‘(C) shall not be included in the calcula-
tion of the subsidy rate under section 303(j). 
‘‘(c) LICENSING MATTERS.— 
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1128 
‘‘(1) IN GENERAL.—A venture small business 
investment company shall be licensed under section 
301(c) and approved by the Administrator to issue 
partnership interests. 
‘‘(2) CONSIDERATION.—In issuing a license 
under paragraph (1), the Administrator shall take 
into consideration investment risk through criteria 
set by the Administrator. 
‘‘(d) REQUIRED INVESTMENTS.— 
‘‘(1) IN
GENERAL.—Except as described in 
paragraph (2), a venture small business investment 
company shall invest solely in small business con-
cerns. 
‘‘(2) 
EXCEPTION
AND
WAIVER.—Notwith-
standing section 310(c)(6) and subject to rules 
issued by the Administrator, a venture small busi-
ness investment company may invest equity capital 
in venture capital funds if— 
‘‘(A) such venture capital funds are major-
ity controlled by underrepresented individuals; 
‘‘(B) not less than 50 percent of total cap-
ital of each such venture capital fund is in-
vested in covered investments; and 
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1129 
‘‘(C) the venture small business investment 
company provides annual assistance to the ven-
ture capital fund. 
‘‘(e) PARTNERSHIP INTERESTS.— 
‘‘(1) IN
GENERAL.—The Administrator may, 
out of amounts available in the facility, purchase 
partnership interests as described in this subsection. 
‘‘(2) ISSUANCE AND PURCHASE OF PARTNER-
SHIP INTERESTS.— 
‘‘(A) IN
GENERAL.—The Administrator 
may purchase venture equity securities issued 
by a venture small business investment com-
pany in an amount that does not exceed the 
lesser of 100 percent of the private capital of 
the venture small business investment company 
or a lesser amount to be determined by the Ad-
ministrator. 
‘‘(3) PARTNERSHIP INTEREST TERMS.—A part-
nership interest purchased by the Administrator 
from a venture small business investment company 
under this subsection shall be subject to such re-
strictions and limitations as the Administrator may 
determine.’’. 
(b) EMERGING MANAGERS PROGRAM.— 
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1130 
(1) APPROPRIATIONS.—In addition to amounts 
otherwise available, there is appropriated to the 
Small Business Administration for fiscal year 2022, 
out of any money in the Treasury not otherwise ap-
propriated, $20,000,000, to remain available until 
September 30, 2031, for carrying out this sub-
section. 
(2) ESTABLISHMENT.—The Small Business In-
vestment Act of 1958 (15 U.S.C. 661 et seq.), as 
amended by subsection (a), is further amended by 
adding at the end the following: 
‘‘SEC. 322. EMERGING MANAGERS PROGRAM. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) COVERED INVESTMENTS.—The term ‘cov-
ered investments’ has the meaning given in section 
321. 
‘‘(2) EMERGING
MANAGER
COMPANY.—The 
term ‘emerging manager company’ means an invest-
ment management firm that is focused on investing 
private equity that meets not less than 2 of the fol-
lowing criteria: 
‘‘(A) The partners of the firm have— 
‘‘(i) an investment track record of less 
than 10 years of combined investment ex-
perience; or 
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1131 
‘‘(ii) a documented record of success-
ful business experience. 
‘‘(B) The firm has a focus on underserved 
markets. 
‘‘(C) The firm is not less than 50 percent 
owned, managed, or controlled by members of 
an underrepresented community (as defined in 
section 50 of the Small Business Act). 
‘‘(b) ESTABLISHMENT.—The Administrator shall es-
tablish an emerging managers program pursuant to which 
managers with substantial experience in operating small 
business investment companies may enter into a written 
agreement approved by the Administrator to provide guid-
ance and assistance to an applicant for a license for a 
small business investment company that is to be managed 
by an emerging manager company. The manager with sub-
stantial experience may hold a minority financial interest 
in the small business investment company that is to be 
managed by an emerging manager company. 
‘‘(c) LICENSING.—An applicant described in sub-
section (b) shall apply with for a license under section 
301(c) and shall— 
‘‘(1) have private capital not to exceed 
$100,000,000; 
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1132 
‘‘(2) be managed by not less than two individ-
uals; 
‘‘(3) be a second generation fund or earlier; and 
‘‘(4) focus its investment strategy on covered 
investments. 
‘‘(d) WAIVER OF MAXIMUM LEVERAGE.—The ap-
proval of a written agreement under subsection (b) by the 
Administrator shall operate as a waiver of the require-
ments of section 303(b)(2)(B) to the extent that such sec-
tion would otherwise apply. 
‘‘(e) INCREASED LEVERAGE MAXIMUM.—An existing 
small business investment company that enters into a 
written agreement under subsection (b) that is approved 
by the Administrator may increase the maximum leverage 
cap of the company under section 303(b)(2)— 
‘‘(1) under subparagraph (A) of such section, 
with respect to a single license, by not more than 
$17,500,000; and 
‘‘(2) under subparagraph (B) of such section, 
with respect to multiple licenses under common con-
trol, by not more than $35,000,000.’’. 
SEC. 100402. MICROCAP SMALL BUSINESS INVESTMENT 
COMPANY LICENSE. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Administration 
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1133 
for fiscal year 2022, out of amounts in the Treasury not 
otherwise appropriated, $40,000,000, to remain available 
until September 30, 2031, to carry out paragraph (5) of 
section 301(c) of the Small Business Investment Act of 
1958 (15 U.S.C. 681(c)), as added by subsection (b). 
(b) MICROCAP SMALL BUSINESS INVESTMENT COM-
PANY LICENSE.—Section 301(c) of the Small Business In-
vestment Act of 1958 (15 U.S.C. 681(c)) is amended by 
adding at the end the following: 
‘‘(5) MICROCAP SMALL BUSINESS INVESTMENT 
COMPANY LICENSE.— 
‘‘(A) IN
GENERAL.—The Administrator 
may issue a number of licenses under this sub-
section to applicants— 
‘‘(i) that do not satisfy the qualifica-
tion 
requirements 
under 
paragraph 
(3)(A)(ii) to the extent that such require-
ments relate to investment experience and 
track record, including any such require-
ments further set forth in section 107.305 
of title 13, Code of Federal Regulations, or 
any successor regulation; 
‘‘(ii) that would otherwise be issued a 
license under this subsection, except that 
the management of the applicant does not 
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1134 
satisfy the requirements under paragraph 
(3)(A)(ii) to the extent that such require-
ments relate to investment experience and 
track record, including any such require-
ments further set forth in section 107.305 
of title 13, Code of Federal Regulations, or 
any successor regulation; 
‘‘(iii) for which the fund managers 
have— 
‘‘(I) a documented record of suc-
cessful business experience; 
‘‘(II) a record of business man-
agement success; or 
‘‘(III) knowledge in the par-
ticular industry or business for which 
the applicant is pursuing an invest-
ment strategy; and 
‘‘(iv) that have demonstrated appro-
priate qualifications for the license, based 
on factors determined by the Adminis-
trator. 
‘‘(B) REQUIRED
INVESTMENTS.—The li-
censee under this paragraph shall invest not 
less than 50 percent of the total financings of 
such licensee in covered investments (as defined 
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1135 
in section 321), of which not more than 33 per-
cent of such investments are in small business 
concerns in infrastructure or manufacturing. 
‘‘(C) TIMING
FOR
ISSUANCE
OF
LI-
CENSE.—The Administrator shall establish poli-
cies to ensure the timely disposition and 
issuance of licenses under this paragraph. 
‘‘(D) LEVERAGE.—A company licensed 
pursuant to this paragraph shall— 
‘‘(i) not be eligible to receive leverage 
in 
an 
amount 
that 
is 
more 
than 
$50,000,000; and 
‘‘(ii) be able to access leverage in an 
amount that is not more than 200 percent 
of the private capital of the applicant. 
‘‘(E) INVESTMENT COMMITTEE.—If a com-
pany licensed pursuant to this paragraph has 
investment committee members or control per-
sons who are principals approved by the Admin-
istration or control persons of licensed small 
business investment companies not licensed 
under this paragraph, such licensee or licensees 
shall not be deemed to be under common con-
trol with the company licensed pursuant to this 
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1136 
paragraph solely for the purpose of section 
303(b)(2)(B). 
‘‘(F) FEES.—In addition to the fees au-
thorized under sections 301(e) and 310(b), the 
Administration may prescribe fees to be paid by 
each company designated to operate under this 
paragraph.’’. 
SEC. 100403. FUNDING FOR SBIC OUTREACH AND EDU-
CATION. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, $2,500,000, to 
remain available until September 30, 2031, for carrying 
out this section. 
(b) OUTREACH
AND EDUCATION.—The Adminis-
trator shall develop and implement a program to promote 
to, conduct outreach to, and educate prospective licensees 
on the licensing procedures and other programs of small 
business investment companies under title III of the Small 
Business Investment Act of 1958 (15 U.S.C. 681 et seq.). 
SEC. 100404. SBIC WORKING GROUP. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
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1137 
the Treasury not otherwise appropriated, $2,000,000, to 
remain available until September 30, 2031, to carry out 
this section. 
(b) DEFINITIONS.—In this section— 
(1) the term ‘‘covered Members’’ means the 
Chair and Ranking Member of— 
(A) the Committee on Small Business and 
Entrepreneurship of the Senate; and 
(B) the Committee on Small Business of 
the House of Representatives; 
(2) the terms ‘‘licensee’’, ‘‘small business in-
vestment company’’, and ‘‘underlicensed State’’ have 
the meanings given those terms, respectively, in sec-
tion 103 of the Small Business Investment Act of 
1958 (15 U.S.C. 662); 
(3) the term ‘‘low-income community’’ has the 
meaning given the term in section 45D(e) of the In-
ternal Revenue Code of 1986; 
(4) the term ‘‘member of an underrepresented 
community’’ has the meaning given in section 50 of 
the Small Business Act, as added by section 10201 
of this title. 
(5) the term ‘‘underfinanced State’’ means a 
State that has below median financing, as deter-
mined by the Administrator; and 
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1138 
(6) 
the 
term 
‘‘underserved 
community’’ 
means— 
(A) a HUBZone, as defined in section 
31(b) of the Small Business Act (15 U.S.C. 
657a(b)); 
(B) a low-income community; or 
(C) a low-income rural community. 
(c) ESTABLISHMENT.—Not later than 90 days after 
the date on which the covered Members are required to 
submit to the Administrator a notification that the indi-
viduals selected by the covered Members under paragraph 
(1) have accepted those assignments, the Administrator 
shall establish a small business investment company 
Working Group (referred to in this section as the ‘‘Work-
ing Group’’), which shall— 
(1) consist of— 
(A) 4 representatives— 
(i) among general partners of licens-
ees that have a demonstrated record of in-
vesting in— 
(I) low-income communities; 
(II) businesses primarily engaged 
in research and development; 
(III) manufacturers; 
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1139 
(IV) businesses primarily owned 
or controlled by individuals in under-
served communities before receiving 
capital from the licensee; and 
(V) low-income rural commu-
nities; and 
(ii) of whom— 
(I) 1 shall be selected by the 
Chair of the Committee on Small 
Business and Entrepreneurship of the 
Senate; 
(II) 1 shall be selected by the 
Ranking Member of the Committee on 
Small Business and Entrepreneurship 
of the Senate; 
(III) 1 shall be selected by the 
Chair of the Committee on Small 
Business of the House of Representa-
tives; and 
(IV) 1 shall be selected by the 
Ranking Member of the Committee on 
Small Business of the House of Rep-
resentatives; 
(B) 4 representatives— 
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1140 
(i) from licensees, of whom 1 shall be 
an owner of a small business investment 
company or fund manager that is located 
in— 
(I) a low-income community; 
(II) an underserved community; 
(III) a low-income rural commu-
nity; or 
(IV) an underfinanced State; and 
(ii) of whom— 
(I) 1 shall be selected by the 
Chair of the Committee on Small 
Business and Entrepreneurship of the 
Senate; 
(II) 1 shall be selected by the 
Ranking Member of the Committee on 
Small Business and Entrepreneurship 
of the Senate; 
(III) 1 shall be selected by the 
Chair of the Committee on Small 
Business of the House of Representa-
tives; and 
(IV) 1 shall be selected by the 
Ranking Member of the Committee on 
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1143 
and small business concerns owned and con-
trolled by women; and 
(4) develop recommendations for metrics of suc-
cess, and benchmarks for success, with respect to 
the goals described in this section. 
(d) REPORT.—Not later than 1 year after the date 
on which the Administrator establishes the Working 
Group under subsection (b), the Working Group shall sub-
mit to the Committee on Small Business and Entrepre-
neurship of the Senate and the Committee on Small Busi-
ness of the House of Representatives a report that in-
cludes— 
(1) the recommendations of the Working 
Group; and 
(2) a recommended plan and timeline for imple-
menting the recommendations described in para-
graph (1). 
(e) TERMINATION.—The Working Group shall termi-
nate on the date on which the Working Group submits 
the report required under subsection (e). 
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1144 
Subtitle E—Increasing Access to 
Lending and Investment Capital 
SEC. 100501. FUNDING FOR COMMUNITY ADVANTAGE LOAN 
PROGRAM. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, to remain avail-
able until September 30, 2031— 
(1) $281,000,000 for carrying out paragraph 
(38) of section 7(a) of the Small Business Act (15 
U.S.C. 636(a)), as added by subsection (b); 
(2) $5,000,000 for carrying out subparagraph 
(F) of such paragraph (38); and 
(3) $314,000,000 for administrative expenses 
related to carrying out such paragraph (38), includ-
ing issuing interim final rules. 
(b) ESTABLISHMENT.—Section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)) is amended by adding 
at the end the following: 
‘‘(38) COMMUNITY
ADVANTAGE
LOAN
PRO-
GRAM.— 
‘‘(A) DEFINITIONS.—In this paragraph— 
‘‘(i) the term ‘covered institution’ 
means— 
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1145 
‘‘(I) a development company, as 
defined in section 103 of the Small 
Business Investment Act of 1958, 
participating in the loan program es-
tablished under title V of such Act; 
‘‘(II) a non-Federally regulated 
entity certified as a community devel-
opment financial institution under the 
Community 
Development 
Banking 
and Financial Institutions Act of 
1994; 
‘‘(III) an intermediary, as de-
fined in subsection (m)(11), that is a 
nonprofit organization and is partici-
pating in the microloan program 
under subsection (m); and 
‘‘(IV) an eligible intermediary, as 
defined in subsection (l)(1), partici-
pating in the small business inter-
mediary lending pilot program estab-
lished under subsection (l)(2); 
‘‘(ii) the term ‘existing business’ 
means a small business concern that has 
been in existence for not less than 2 years 
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1146 
on the date on which a loan is made to the 
small business concern under the program; 
‘‘(iii) the term ‘new business’ means a 
small business concern that has been in ex-
istence for not more than 2 years on the 
date on which a loan is made to the small 
business concern under the program; 
‘‘(iv) the term ‘program’ means the 
Community Advantage Loan Program es-
tablished under subparagraph (B); 
‘‘(v) the term ‘small business concern 
in an underserved market’ means a small 
business concern— 
‘‘(I) that is located in— 
‘‘(aa) a low- to moderate-in-
come community; 
‘‘(bb) a HUBZone, as that 
term is defined in section 31(b); 
‘‘(cc) a rural area; or 
‘‘(dd) any area for which a 
disaster declaration or determina-
tion described in subparagraph 
(B), (C), or (E) of subsection 
(b)(2) has been made that has 
not terminated more than 2 
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1147 
years before the date (or later, as 
determined by the Administrator) 
on which a loan is made to such 
concern under such subsection, 
or in any area for which a major 
disaster described in subsection 
(b)(2)(A) has been declared, that 
period shall be 5 years; or 
‘‘(II) that is a new business; 
‘‘(III) owned and controlled by 
veterans; 
‘‘(IV) owned and controlled by an 
individual who has completed a term 
of imprisonment; 
‘‘(V) owned and controlled by an 
individual with a disability, as that 
term is defined in section 3 of the 
Americans with Disabilities Act of 
1990; 
‘‘(VI) owned and controlled by a 
member of an Indian tribe individ-
ually identified (including parentheti-
cally) in the most recent list published 
pursuant to section 104 of the Feder-
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1148 
ally Recognized Indian Tribe List Act 
of 1994; or 
‘‘(VII) otherwise identified by the 
Administrator. 
‘‘(B) ESTABLISHMENT.— There is estab-
lished a Community Advantage Loan Program 
under which the Administration may guarantee 
loans made by covered institutions under this 
subsection, including loans made to small busi-
ness concerns in underserved market 
‘‘(C) REQUIREMENT TO MAKE LOANS TO 
UNDERSERVED
MARKETS.—Not less than 50 
percent of loans made by a covered institution 
under the program shall consist of loans made 
to small business concerns in an underserved 
market. 
‘‘(D) MAXIMUM LOAN AMOUNT.— 
‘‘(i) IN
GENERAL.—Except as pro-
vided in clause (ii), the maximum loan 
amount for a loan guaranteed under the 
program is $250,000. 
‘‘(ii) EXCEPTIONS.— 
‘‘(I) REQUESTED EXCEPTION.— 
‘‘(aa) IN
GENERAL.—Upon 
request by a covered institution, 
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1149 
the Administrator may approve a 
guarantee of a loan under the 
program 
that 
is 
more 
than 
$250,000 and not more than 
$350,000. 
‘‘(bb) 
NOTIFICATION.—As 
soon as practicable and not later 
than 14 business days after re-
ceiving a request under item 
(aa), the Administration shall— 
‘‘(AA) review the re-
quest; and 
‘‘(BB) provide a deci-
sion regarding the request to 
the covered institution mak-
ing the loan. 
‘‘(II) MAJOR
DISASTERS.—The 
maximum loan amount for a loan 
guaranteed under the program that is 
made to a small business concern lo-
cated in an area affected by a major 
disaster 
described 
in 
subsection 
(b)(2)(A) is $350,000. 
‘‘(E) INTEREST
RATES.—The maximum 
interest rate for a loan guaranteed under the 
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program shall not exceed the maximum interest 
rate, as determined by the Administration, ap-
plicable to other loans guaranteed under this 
subsection. 
‘‘(F) TRAINING.—The Administrator shall 
develop a training course and provide free or 
low-cost training to covered institutions making 
loans under the program.’’. 
SEC. 100502. FUNDING FOR CREDIT ENHANCEMENT AND 
SMALL DOLLAR LOAN FUNDING. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, to remain avail-
able until September 30, 2031— 
(1) $3,365,000,000 to carry out paragraph (39) 
of section 7(a) of the Small Business Act (15 U.S.C. 
636(a)), as added by subsection (b); and 
(2) $1,100,000,000 for administrative expenses 
related to carrying out such paragraph (39), includ-
ing issuing interim final rules. 
(b) SMALL DOLLAR LOAN FUNDING.—Section 7(a) 
of the Small Business Act (15 U.S.C. 636(a)), as amended 
by section 10501, is further amended— 
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(1) in paragraph (1)(A)(i), in the third sen-
tence, by striking ‘‘; and’’ and all that follows 
through the period at the end and inserting a period; 
(2) in paragraph (26), by inserting ‘‘(except for 
those collected under paragraph (39))’’ after ‘‘prof-
its’’; and 
(3) by adding at the end the following: 
‘‘(39) SMALL DOLLAR LOAN FUNDING.— 
‘‘(A) DEFINITIONS.—In this paragraph: 
‘‘(i) 
SMALL
GOVERNMENT
CON-
TRACTOR.—The term ‘small government 
contractor’ means a small business concern 
that is performing a Government contract. 
‘‘(ii) SMALL
MANUFACTURER.—The 
term ‘small manufacturer’ means a small 
business concern that is assigned a North 
American Industry Classification System 
code beginning with 31, 32, or 33 at the 
time at which the small business concern 
receives loan under this subsection. 
‘‘(B) DIRECT LOANS.—The Administrator 
is authorized to originate and disburse direct 
loans, including through partnerships with third 
parties, to small business concerns. 
‘‘(C) TERMS.— 
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‘‘(i) 
LOAN
SIZE.—Notwithstanding 
paragraph (3)(C) of this subsection, a loan 
made in accordance with this paragraph 
shall be— 
‘‘(I) except as provided in sub-
clause (II), not more than $150,000; 
or 
‘‘(II) not more than $1,000,000, 
if the borrower is a small manufac-
turer or a small government con-
tractor. 
‘‘(D) FEES.—With respect to each loan 
made in accordance with this paragraph, the 
Administrator, an authorized third party, or an 
agent may— 
‘‘(i) impose, collect, retain, and utilize 
fees, which may be charged to the bor-
rower, to cover any costs associated with 
referring applications or originating, mak-
ing, underwriting, disbursing, closing, serv-
icing, or liquidating the loan, including any 
direct lending agent costs, other program 
or contract costs, or other agent adminis-
trative expenses; 
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‘‘(ii) impose, collect, retain, and use 
fees (including unused fees and draw fees), 
which may be charged to the borrower on 
loans for revolving lines of credit; and 
‘‘(iii) pay third parties, including di-
rect lending agents and financial institu-
tions, with which the Administration part-
ners for assistance in referring applicants 
or promoting, originating, making, under-
writing, disbursing, closing, servicing, or 
liquidating loans in accordance with this 
paragraph on behalf of the Administration. 
‘‘(E) OTHER TERMS.— 
‘‘(i) IN GENERAL.—Not later than 90 
days after the date of the enactment of 
this paragraph, the Administrator shall 
issue interim final rules relating to the un-
derwriting criteria, interest rate, maturity, 
and other terms of a loan made in accord-
ance with this paragraph and revising any 
other rules necessary to carry out this 
paragraph. 
‘‘(ii) REPAYMENT.—Not later than 90 
days after the date of the enactment of 
this paragraph, the Administrator shall 
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issue rules to allow reasonable assurance of 
repayment of a loan made in accordance 
with this paragraph, including reasonable 
assurance of repayment from the assets 
converting to cash to be the sole and pri-
mary form of repayment under this para-
graph.’’. 
SEC. 100503. EXTENSION OF TEMPORARY FEE REDUCTIONS. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, $1,000,000,000, 
to remain available until September 30, 2026, for carrying 
out this section. 
(b) 7(a) LOAN PROGRAM.—Section 326 of the Eco-
nomic Aid to Hard-Hit Small Businesses, Nonprofits, and 
Venues Act (title III of division N of Public Law 116– 
260; 134 Stat. 2036; 15 U.S.C. 636 note) is amended— 
(1) in subsection (a)(2), by striking ‘‘October 1, 
2021’’ and inserting ‘‘October 1, 2026’’; and 
(2) in subsection (b)(2), by striking ‘‘October 1, 
2021’’ and inserting ‘‘October 1, 2026’’. 
(c) OTHER FEES.—Section 327 of the Economic Aid 
to Hard-Hit Small Businesses, Nonprofits, and Venues 
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Act (title III of division N of Public Law 116–260; 134 
Stat. 2037; 15 U.S.C. 636 note) is amended— 
(1) in subsection (a)(1), by striking ‘‘September 
30, 2021’’ and inserting ‘‘September 30, 2026’’; and 
(2) in subsection (b)(1), by striking ‘‘September 
30, 2021’’ and inserting ‘‘September 30, 2026’’. 
SEC. 100504. FUNDING FOR COOPERATIVES. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, $500,000,000, 
to remain available until September 30, 2031, for carrying 
out paragraph (40) of section 7(a) of the Small Business 
Act (15 U.S.C. 636(a)), as added by subsection (b). 
(b) COOPERATIVE LENDING PILOT.—Section 7(a) of 
the Small Business Act (15 U.S.C. 636(a)), as amended 
by section 10502, is amended by adding at the end the 
following: 
‘‘(40) COOPERATIVE LENDING PILOT.— 
‘‘(A) DEFINITIONS.—In this paragraph: 
‘‘(i) COMMUNITY FINANCIAL INSTITU-
TION.—The term ‘community financial in-
stitution’ has the meaning given in para-
graph (36)(A); 
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‘‘(ii) COOPERATIVE.—The term ‘coop-
erative’— 
‘‘(I) means an entity determined 
by the Administrator to be a coopera-
tive; and 
‘‘(II) includes an entity owned by 
employees or consumers of the entity. 
‘‘(iii) 
ELIGIBLE
EMPLOYEE-OWNED 
BUSINESS
CONCERN.—The term ‘eligible 
employee-owned business concern’ means— 
‘‘(I) a cooperative in which the 
employees of the cooperative are eligi-
ble for membership; 
‘‘(II) a qualified employee trust; 
or 
‘‘(III) other employee-owned enti-
ties as determined by the Adminis-
trator. 
‘‘(iv) PILOT
PROGRAM.—The term 
‘pilot program’ means the pilot program 
established under subparagraph (B). 
‘‘(B) ESTABLISHMENT.—There is estab-
lished a pilot program under which the Admin-
istrator shall guarantee loans (including loans 
made by community financial institutions), 
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without the requirement of a personal or entity 
guarantee, where such loans are made to co-
operatives or eligible employee-owned business 
concerns. 
‘‘(C) TERMINATION.—The pilot program 
shall terminate on the date that is 5 years after 
the date of enactment of this paragraph.’’. 
(c) DELEGATED LENDING AUTHORITY
FOR PRE-
FERRED LENDERS.—Section 5(b)(7) of the Small Busi-
ness Act (15 U.S.C. 634(b)(7)) is amended by striking 
‘‘paragraph (15) or (35)’’ and inserting ‘‘paragraph (15), 
(35), or (40)’’. 
SEC. 100505. FUNDING FOR DIRECT DEBENTURES. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration for fiscal year 2022, out of any money in 
the Treasury not otherwise appropriated, to remain avail-
able until September 30, 2031— 
(1) $2,118,000,000 for carrying out subsection 
(j) of section 503 of the Small Business Investment 
Act of 1958 (15 U.S.C. 697), as added by sub-
section (b); and 
(2) $628,000,000 for administrative expenses 
related to carrying out such subsection (j), including 
issuing interim final rules. 
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(b) DIRECT DEBENTURES.—Section 503 of the Small 
Business Investment Act of 1958 (15 U.S.C. 697) is 
amended by adding at the end the following: 
‘‘(j) DIRECT DEBENTURES.— 
‘‘(1) DEFINITIONS.—In this subsection— 
‘‘(A) the term ‘direct debenture’ means a 
debenture guaranteed by the Administrator 
under the authority under paragraph (2); 
‘‘(B) the term ‘eligible entity’ means— 
‘‘(i) a small business concern in an 
underserved market; 
‘‘(ii) a small government contractor; 
or 
‘‘(iii) a small manufacturer; 
‘‘(C) the term ‘renewable energy equip-
ment’— 
‘‘(i) means such equipment as the Ad-
ministrator may designate as renewable en-
ergy equipment; and 
‘‘(ii) includes solar panels, wind tur-
bines, and battery storage; 
‘‘(D) the term ‘small business concern in 
an underserved market’ has the meaning given 
in section 7(a)(38) of the Small Business Act; 
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‘‘(E) the term ‘small government con-
tractor’ means a small business concern that is 
performing a government contract; and 
‘‘(F) the term ‘small manufacturer’ means 
a small business concern that is assigned a 
North American Industry Classification System 
code beginning with 31, 32, or 33 at the time 
at which the small business concern receives 
loan under this subsection. 
‘‘(2) AUTHORITY.—Except as otherwise pro-
vided in this subsection, the Administrator may 
guarantee the timely payment of all principal and in-
terest as scheduled under this subsection on a de-
benture issued by any qualified State or local devel-
opment company under the same terms, conditions, 
and processes as a guarantee made under the au-
thority under subsection (a)(1). 
‘‘(3) USE OF PROCEEDS.—The proceeds of a di-
rect debenture— 
‘‘(A) for a small business concern that is 
an eligible entity, may be used for any purpose 
for which a loan under section 502 may be 
used, including to acquire renewable energy 
equipment and for working capital; and 
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‘‘(B) for a small business concern that is 
not an eligible entity, may be used to acquire 
renewable energy equipment. 
‘‘(4) MAXIMUM LOAN AMOUNT.— 
‘‘(A) IN
GENERAL.—A direct debenture 
shall be in an amount not more than 
$6,500,000. 
‘‘(B) COST OF PROJECT.—The amount of 
the proceeds of a direct debenture may not ex-
ceed the amount equal to 100 percent of the 
cost of the project for which the proceeds are 
to be used. 
‘‘(5) CRITERIA FOR ASSISTANCE.— 
‘‘(A) NO
COMMUNITY
INJECTION
FUNDS 
REQUIRED.—Compliance 
with 
subparagraph 
(B) of section 502(a)(3) shall not be required 
for a direct debenture. 
‘‘(B) FUNDING
FROM
SMALL
BUSINESS 
CONCERN.—A small business concern receiving 
funds under a direct debenture— 
‘‘(i) for a direct debenture used for 
working capital, is not required to provide 
funds toward the total cost of the project 
financed; 
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‘‘(ii) for a direct debenture used for 
renewable energy equipment, may provide 
not more than 10 percent of the total cost 
of the project financed; and 
‘‘(iii) for a direct debenture used for 
any other eligible purpose, shall provide 
not less than 5 percent of the total cost of 
the project financed. 
‘‘(6) FEES.—With respect to each debenture 
made in accordance with this paragraph, in addition 
to other fees authorized under this section, the Ad-
ministrator, an authorized third party, or an agent 
may— 
‘‘(A) impose, collect, retain, and utilize 
fees, which shall be charged to the borrower, to 
cover any costs associated with referring appli-
cations or originating, underwriting, making, 
disbursing, closing, and servicing, or liquidating 
the loan, including any central servicing agent 
costs, other program or contract costs, or other 
agent administrative expenses; 
‘‘(B) impose, collect, retain, and use fees 
(including unused fees and draw fees), which 
may be charged to the borrower on loans for re-
volving lines of credit; and 
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‘‘(C) establish fees that may be charged by 
interim lenders for interim financing provided 
in connection with a direct debenture, including 
for assistance in referring applicants or pro-
moting, originating, making, underwriting, dis-
bursing, closing, servicing, or liquidating loans 
in accordance with this paragraph on behalf of 
the Administration. 
‘‘(7) INTERIM
FINANCING.—Nothing in this 
subsection shall be construed to restrict the ability 
of a State or local development company to use a 
third party lender or another lender to provide in-
terim financing for all project costs except the bor-
rower’s contribution, in accordance with section 
120.890 of title 13, Code of Federal Regulations, or 
any successor thereto, in connection with providing 
a direct debenture to a small business concern. 
‘‘(8) OTHER TERMS.— 
‘‘(A) IN
GENERAL.—Not later than 90 
days after the date of the enactment of this 
paragraph, the Administrator shall issue in-
terim final rules relating to the underwriting 
criteria, interest rate, maturity, collateral, serv-
icing, and other terms or project requirements 
of a direct debenture made in accordance with 
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this subsection and revising any other rules nec-
essary to carry out this subsection. 
‘‘(B) REPAYMENT.—Not later than 90 
days after the date of the enactment of this 
subsection, the Administrator shall issue rules 
to allow reasonable assurance of repayment of 
a direct debenture, including reasonable assur-
ance of repayment from the assets converting to 
cash to be the primary form of repayment 
under this subsection.’’. 
(c) CALCULATION
OF JOB CREATION REQUIRE-
MENT.—Section 501(e)(4) of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 695(e)(4)) is amended to 
read as follows: 
‘‘(4) Loans for projects of small manufacturers and 
direct debenture loans under section 503(j) shall be ex-
cluded from calculations under paragraph (2) or (3) of 
this subsection.’’. 
Subtitle F—Supporting 
Entrepreneurial Second Chances 
SEC. 100601. REENTRY ENTREPRENEURSHIP COUNSELING 
AND TRAINING FOR INCARCERATED AND 
FORMERLY INCARCERATED INDIVIDUALS. 
(a) REENTRY
ENTREPRENEURSHIP
COUNSELING 
AND TRAINING FOR INCARCERATED INDIVIDUALS.— 
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(1) APPROPRIATIONS.—In addition to amounts 
otherwise available, there is appropriated to the 
Small Business Administration, out of any money in 
the Treasury not otherwise appropriated $5,000,000 
for each of fiscal years 2022 through 2028 to carry 
out section 53 of the Small Business Act, as added 
by paragraph (2). Amounts appropriated by this 
subsection shall remain available for 3 fiscal years. 
(2) IN GENERAL.—The Small Business Act (15 
U.S.C. 631 et seq.) is amended by inserting after 
section 52, as added by section 10301 of this title, 
the following: 
‘‘SEC. 53. REENTRY ENTREPRENEURSHIP COUNSELING 
AND TRAINING FOR INCARCERATED INDIVID-
UALS. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) COVERED
INDIVIDUAL.—The term ‘cov-
ered individual’ means an individual who is com-
pleting a term of imprisonment in a facility des-
ignated as a minimum, low, or medium security. 
‘‘(2) RESOURCE
PARTNERS.—The term ‘re-
source partners’ means a small business development 
center (defined in section 3) or a women’s business 
center (described under section 29). 
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‘‘(b) ESTABLISHMENT.—The Administrator shall co-
ordinate with resource partners and associations formed 
to pursue matters of common concern to resource partners 
to provide entrepreneurship counseling and training serv-
ices to covered individuals pursuant to subsection (c). 
‘‘(c) USE
OF FUNDS.—Amounts made available 
under this section shall be used to— 
‘‘(1) develop and deliver a curriculum, including 
classroom instruction and in-depth training to de-
velop skills related to business planning and finan-
cial literacy; 
‘‘(2) train mentors and instructors; 
‘‘(3) establish public-private partnerships to 
support covered individuals; and 
‘‘(4) identify opportunities to access capital.’’. 
(b) REENTRY
ENTREPRENEURSHIP
COUNSELING 
AND TRAINING FOR FORMERLY INCARCERATED INDIVID-
UALS.— 
(1) APPROPRIATIONS.—In addition to amounts 
otherwise available, there is appropriated to the 
Small Business Administration, out of any money in 
the 
Treasury 
not 
otherwise 
appropriated 
$5,000,000, for each of fiscal years 2022 through 
2028 to carry out section 54 of the Small Business 
Act, as added by paragraph (2). Amounts appro-
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priated by this subsection shall remain available for 
3 fiscal years. 
(2) IN GENERAL.—The Small Business Act (15 
U.S.C. 631 et seq.) is amended by inserting after 
section 53, as added by subsection (a), the following: 
‘‘SEC. 54. REENTRY ENTREPRENEURSHIP COUNSELING 
AND TRAINING FOR FORMERLY INCARCER-
ATED INDIVIDUALS. 
‘‘(a) COVERED INDIVIDUAL DEFINED.—In this sec-
tion, the term ‘covered individual’ means an individual 
who completed a term of imprisonment. 
‘‘(b) ESTABLISHMENT.—The Administrator shall es-
tablish a program under which the Service Corps of Re-
tired Executives authorized by section 8(b)(1)(B) shall 
provide entrepreneurship counseling and training services 
to covered individuals on a nationwide basis. 
‘‘(c) USE
OF FUNDS.—Amounts made available 
under this section shall be used by the Service Corps of 
Retired Executives for providing to covered individuals the 
following services: 
‘‘(1) Regular individualized mentoring sessions 
to identify and support development of the business 
plans of covered individuals. 
‘‘(2) Workshops on topics specifically tailored to 
meet the needs of covered individuals. 
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‘‘(3) Instructional videos designed specifically 
for covered individuals on how to start or expand a 
small business concern.’’. 
SEC. 100602. NEW START ENTREPRENEURIAL DEVELOP-
MENT PROGRAM FOR FORMERLY INCARCER-
ATED INDIVIDUALS. 
(a) APPROPRIATIONS.—In addition to amounts other-
wise available, there is appropriated to the Small Business 
Administration, out of any money in the Treasury not oth-
erwise appropriated, $5,000,000, for each of fiscal years 
2022 through 2028 for carrying out this section. Amounts 
appropriated by this subsection shall remain available for 
3 fiscal years. 
(b) DEFINITIONS.—In this section— 
(1) COVERED INDIVIDUAL.—The term ‘‘covered 
individual’’ means an individual who— 
(A) completed a term of imprisonment; 
and 
(B) meets the offense eligibility require-
ments set forth in any applicable policy notice 
or other guidance issued by the Small Business 
Administration for the program established 
under section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)). 
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(c) ESTABLISHMENT.—The Administrator shall es-
tablish a pilot program to award grants to organizations, 
or partnerships of organizations, to provide assistance to 
covered individuals throughout the United States. 
(d) APPLICATION.— 
(1) IN GENERAL.—An organization or partner-
ship of organizations desiring a grant under the 
pilot program shall submit an application to the Ad-
ministrator in such form, in such manner, and con-
taining such information as the Administrator may 
reasonably require. 
(2) 
CONTENTS.—An 
application 
submitted 
under paragraph (1) shall— 
(A) demonstrate that the applicant has a 
partnership with, or is, an intermediary that 
shall make microloans to covered individuals; 
(B) demonstrate an ability to provide a full 
range of entrepreneurial development program-
ming on an ongoing basis; 
(C) include a plan for reaching covered in-
dividuals, including by identifying particular 
target populations within the community in 
which a covered individual lives; 
(D) include a plan to refer covered individ-
uals who have completed participation in the 
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pilot program to existing resource partners and 
participating lenders; 
(E) include a comprehensive plan for the 
use of grant funds, including estimates for ad-
ministrative expenses and outreach costs; and 
(F) any other requirements, as determined 
by the Administrator. 
(e) MATCHING REQUIREMENT.— 
(1) IN GENERAL.—As a condition of a grant 
provided under the pilot program, the Administrator 
shall require the recipient of the grant to contribute 
an amount equal to 25 percent of the amount of the 
grant, obtained solely from non-Federal sources. 
(2) FORM.—In addition to cash or other direct 
funding, the contribution required under paragraph 
(1) may include indirect costs or in-kind contribu-
tions paid for under non-Federal programs. 
Subtitle G—Other Matters 
SEC. 100701. ADMINISTRATIVE EXPENSES. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is appropriated to the Administration for 
fiscal year 2022, out of any money in the Treasury not 
otherwise appropriated, $1,250,000,000, to remain avail-
able until September 30, 2031, for administrative ex-
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penses related to carrying out this title, except as other-
wise provided in this title. 
(b) RULEMAKING.—Using amounts made available 
under subsection (a), not later than 30 days after the date 
of the enactment of this Act, the Administrator may issue 
rules, including interim final rules, as necessary to carry 
out this title and the amendments made by this title. 
(c) RECISSION.—With respect to amounts appro-
priated under subsection (a)— 
(1) the Secretary of the Treasury shall complete 
all disbursements and remaining obligations before 
September 30, 2031; and 
(2) the unexpended balance of such amounts 
September 30, 2031, shall be rescinded and depos-
ited into the general fund of the Treasury. 
SEC. 100702. OFFICE OF THE INSPECTOR GENERAL OF THE 
SMALL BUSINESS ADMINISTRATION. 
In addition to amounts otherwise available, there is 
appropriated to the Office of the Inspector General of the 
Small Business Administration for fiscal year 2022, out 
of any money in the Treasury not otherwise appropriated, 
$25,000,000, to remain available until September 30, 
2031, for audits, investigations, and other oversight of 
projects and activities carried out with funds made avail-
able by this title to the Small Business Administration. 
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TITLE 
XI—COMMITTEE 
ON 
TRANSPORTATION 
AND 
IN-
FRASTRUCTURE 
SEC. 110001. AFFORDABLE HOUSING ACCESS PROGRAM. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is appropriated for fiscal year 2022, out 
of any funds in the Treasury not otherwise appropriated, 
$9,900,000,000, to remain available until September 30, 
2026, for competitive grants to support access to afford-
able housing and the enhancement of mobility for resi-
dents in disadvantaged communities or neighborhoods, in 
persistent poverty communities, or for low-income riders 
generally. 
(b) CRITERIA
AND PROCESS.—The Secretary of 
Housing and Urban Development and the Administrator 
of the Federal Transit Administration shall establish cri-
teria and a process for the allocation of funds made avail-
able under this section in a manner to ensure that such 
funds support— 
(1) access to affordable housing; 
(2) enhanced mobility for residents and riders, 
including those in disadvantaged communities and 
neighborhoods, persistent poverty communities, or 
for low-income riders generally; or 
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(3) other community benefits for residents of 
disadvantaged communities or neighborhoods, per-
sistent poverty communities, or for low-income riders 
generally identified by the Secretary and the Admin-
istrator related to enhanced transit service, includ-
ing— 
(A) access to job and educational opportu-
nities; 
(B) better connections to medical care; or 
(C) enhanced access to grocery stores with 
fresh foods to help eliminate food deserts. 
(c) ADMINISTRATION
OF
FUNDS.—Funds made 
available under this section shall— 
(1) be available to recipients and subrecipients 
eligible under chapter 53 of title 49, United States 
Code; 
(2) after allocation, be administered by the Ad-
ministrator of the Federal Transit Administration— 
(A) to recipients and subrecipients in 
urban areas, as if such funds were provided 
under section 5307 of title 49, United States 
Code; 
(B) to recipients and subrecipients in rural 
areas, as if such funds were provided under sec-
tion 5311 of such title; 
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5311, 5312, 5314, or 5339 of title 49, United States 
Code; 
(4) notwithstanding paragraph (1), be available 
for grants for up to 100 percent of the net cost of 
a project; and 
(5) be expended in compliance with the require-
ments of part 26 of title 49, Code of Federal Regu-
lations. 
(d) ELIGIBLE ACTIVITIES.—Eligible activities for 
funds made available under this section shall be— 
(1) construction of a new fixed guideway capital 
project; 
(2) construction of a bus rapid transit project 
or a corridor-based bus rapid transit project that 
utilizes zero-emission vehicles, including costs related 
to the acquisition of such vehicles and related charg-
ing or fueling infrastructure, or a collection of such 
projects; 
(3) the establishment or expansion of high-fre-
quency bus service that utilizes zero-emission buses, 
including costs related to the acquisition of such ve-
hicles and related charging or fueling infrastructure, 
but does not have all of the features of a bus rapid 
transit project or corridor-based bus rapid transit 
project; 
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(4) an expansion of the service area or the fre-
quency of service of recipients or subrecipients under 
section 5311 of title 49, United States Code, which 
may include operational expenses, including the pro-
vision of fare-free or reduced-fare service, or the ac-
quisition of vehicles or infrastructure to expand serv-
ice; 
(5) notwithstanding subsection (a)(1) of section 
5307 of such title, an expansion of the service area 
or the frequency of service of recipients under such 
section, which may include operational expenses, in-
cluding the provision of fare-free or reduced-fare 
service, or the acquisition of zero-emission vehicles 
or infrastructure to expand service; 
(6) renovation or construction of facilities and 
incidental expenses to continue or expand transit 
service in disadvantaged communities or neighbor-
hoods or service that benefits low-income riders gen-
erally; 
(7) research activities and capital expenses re-
lated to research under section 5312 of such title 
that support efforts to reduce barriers to the deploy-
ment of zero-emission transit vehicles in disadvan-
taged communities or neighborhoods and rural 
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areas, including barriers related to the cost of such 
vehicles; 
(8) activities under section 5314 of such title 
that support the training and development of the 
transit workforce that provides service to disadvan-
taged communities or neighborhoods and rural 
areas, including the creation of new employment op-
portunities in the transit industry for workers from 
such communities, neighborhoods, or areas; 
(9) additional assistance to project sponsors of 
new fixed guideway capital projects, core capacity 
improvement projects, or corridor-based bus rapid 
transit projects not yet open to revenue service, not-
withstanding applicable requirements regarding Gov-
ernment share of contributions toward net project 
cost of the project or the share of contributions from 
a program carried out by the Administrator of the 
Federal Transit Administration, if— 
(A) the applicant demonstrates that the 
availability of funding under this section pro-
vides additional support for access to affordable 
housing and the enhancement of mobility for 
residents in disadvantaged communities or 
neighborhoods, persistent poverty communities, 
or for low-income riders generally in the service 
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area of the recipient, consistent with the pur-
poses described in subsection (b); and 
(B) assistance under this paragraph does 
not increase by more than 10 percentage 
points— 
(i) the Government share of contribu-
tions toward net project cost; or 
(ii) the Government share of assist-
ance from a program carried out by the 
Administrator of the Federal Transit Ad-
ministration; 
(10) fleet transition, route, or other public 
transportation planning, including planning related 
to economic development; or 
(11) projects to upgrade the accessibility of bus 
or rail public transportation services for persons 
with disabilities, including individuals who use 
wheelchairs, in disadvantaged communities or neigh-
borhoods. 
(e) ADMINISTRATIVE EXPENSES.—In addition to 
amounts otherwise available, there is appropriated for fis-
cal year 2022, out of any funds in the Treasury not other-
wise appropriated, $100,000,000, to remain available until 
September 30, 2026, for the following: 
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(1) The costs of administering and overseeing 
the implementation of this section. 
(2) To make new awards or to increase prior 
awards to provide technical assistance and capacity 
building for eligible recipients or subrecipients under 
this section. 
SEC. 110002. COMMUNITY CLIMATE INCENTIVE GRANTS. 
(a) FEDERAL HIGHWAY ADMINISTRATION APPRO-
PRIATION.—In addition to amounts otherwise available, 
there is appropriated for fiscal year 2022, out of any funds 
in the Treasury not otherwise appropriated, $50,000,000, 
to remain available until September 30, 2026, to the Ad-
ministrator of the Federal Highway Administration— 
(1) to establish a greenhouse gas performance 
measure that requires States to set performance tar-
gets to reduce greenhouse gas emissions; 
(2) to establish an incentive structure to reward 
States that demonstrate the most significant 
progress towards achieving reductions in greenhouse 
gas emissions; 
(3) to establish consequences for States that do 
not achieve reductions in greenhouse gas emissions; 
(4) to issue guidance and regulations, and pro-
vide technical assistance, as necessary to implement 
this section; and 
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(5) from any remaining amounts after carrying 
out paragraphs (1) through (4), for operations and 
administration of the Federal Highway Administra-
tion. 
(b) GRANTS TO STATES.—In addition to amounts 
otherwise available, there is appropriated for fiscal year 
2022, out of any funds in the Treasury not otherwise ap-
propriated, $950,000,000, to remain available until Sep-
tember 30, 2026, to the Administrator of the Federal 
Highway Administration, for incentive grants for carbon 
reduction projects, to be awarded to States that— 
(1) qualify for a reward under the incentive 
structure established by the Administrator under 
subsection (a)(2); or 
(2) have adopted carbon reduction strategies 
that contribute to achieving net-zero greenhouse gas 
emissions by 2050, and have incorporated such 
strategies into the transportation plans required 
under section 135 of title 23, United States Code. 
(c) GRANTS TO OTHER ELIGIBLE ENTITIES.—In ad-
dition to amounts otherwise available, there is appro-
priated for fiscal year 2022, out of any funds in the Treas-
ury not otherwise appropriated, $3,000,000,000, to re-
main available until September 30, 2026, to the Adminis-
trator of the Federal Highway Administration for grants, 
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to be awarded on a competitive basis, for carbon reduction 
projects to eligible entities that are not States. 
(d) USE OF FUNDS.— 
(1) IN GENERAL.—Funds made available under 
subsections (b) and (c) shall be administered as if 
made available under chapter 1 of title 23, United 
States Code, and a project carried out under this 
section shall be treated as a project on a Federal- 
aid highway under such chapter. 
(2) GRANTS TO STATES.—Funds made avail-
able under subsection (b) administered by or 
through a State department of transportation shall 
be expended in compliance with the requirements of 
part 26 of title 49, Code of Federal Regulations. 
(e) FEDERAL SHARE.— 
(1) IN GENERAL.—The Federal share for a re-
cipient of funds that is not a State under this sec-
tion may be up to 100 percent. 
(2) STATES.—The Federal share for a recipient 
of funds under this section that is a State shall be 
determined in accordance with section 120 of title 
23, United States Code. 
(f) LIMITATION.—Funds made available under this 
section shall not— 
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(1) be subject to any restriction or limitation on 
the total amount of funds available for implementa-
tion or execution of programs authorized for Fed-
eral-aid highways; and 
(2) be used for projects that result in additional 
through travel lanes for single occupant passenger 
vehicles. 
(g) DEFINITIONS.—In this section: 
(1) CARBON REDUCTION PROJECT.—A carbon 
reduction project means a project that is eligible 
under title 23, United State Code, and that— 
(A) will result in significant reductions in 
greenhouse gas emissions related to a surface 
transportation facility or project; 
(B) provides zero-emission transportation 
options; 
(C) reduces dependence on single-occupant 
vehicle trips; or 
(D) advances carbon reduction strategies 
adopted by an eligible entity that contribute to 
achieving net-zero greenhouse gas emissions by 
2050. 
(2) ELIGIBLE ENTITY.—The term ‘‘eligible enti-
ty’’ means— 
(A) a unit of local government; 
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(B) a political subdivision of a State; 
(C) a territory; 
(D) a metropolitan planning organization 
(as defined in section 134 of title 23, United 
States Code); 
(E) a special purpose district or public au-
thority with a transportation function; 
(F) a recipient of funds under section 202 
of title 23, United State Code; or 
(G) a State. 
(3) STATE.—The term ‘‘State’’ has the mean-
ing given the term in section 101 of title 23, United 
States Code. 
SEC. 
110003. 
NEIGHBORHOOD 
ACCESS 
AND 
EQUITY 
GRANTS. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is appropriated for fiscal year 2022, out 
of any funds in the Treasury not otherwise appropriated, 
$3,950,000,000, to remain available until September 30, 
2026, to the Administrator of the Federal Highway Ad-
ministration— 
(1) for grants to eligible entities described in 
subsection (b) to improve walkability, safety, and af-
fordable transportation access through construction 
(as such term is defined in section 101 of title 23, 
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United States Code) of projects that are context sen-
sitive— 
(A) to remove, remediate, or reuse a facil-
ity described in subsection (c)(1); 
(B) to replace a facility described in sub-
section (c)(1) with a facility that is at-grade or 
lower speed; 
(C) to retrofit or cap a facility described in 
subsection (c)(1); 
(D) to build or improve complete streets, 
multiuse trails, regional greenways, or active 
transportation networks or spines; or 
(E) to provide affordable access to essen-
tial destinations, public spaces, or transpor-
tation links and hubs; 
(2) for mitigation grants to eligible entities de-
scribed in subsection (b) to remediate negative im-
pacts on the human or natural environment result-
ing from a facility described in subsection (c)(2) in 
a disadvantaged or underserved community, includ-
ing construction (as such term is defined in section 
101 of title 23, United States Code) of— 
(A) noise barriers to reduce impacts result-
ing from a facility described in subsection 
(c)(2); 
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(B) technologies, infrastructure, and activi-
ties to reduce surface transportation-related air 
pollution, including greenhouse gas emissions; 
(C) infrastructure or protective features to 
reduce or manage stormwater run-off resulting 
from a facility described in subsection (c)(2), 
including through natural infrastructure and 
pervious, permeable, or porous pavement; 
(D) infrastructure and natural features to 
reduce, or to mitigate, urban heat island hot 
spots in the transportation right of way or on 
surface transportation facilities; or 
(E) safety improvements for vulnerable 
road users; and 
(3) for grants to eligible entities described in 
subsection (b) for planning and capacity building ac-
tivities in disadvantaged or underserved communities 
to— 
(A) identify, monitor, or assess local and 
ambient air quality, emissions of transportation 
greenhouse gases, hot spot areas of extreme 
heat or elevated air pollution, gaps in tree can-
opy coverage, or flood prone locations; 
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(B) assess transportation equity or pollu-
tion impacts and develop local anti-displacement 
policies and community benefit agreements; 
(C) conduct predevelopment activities for 
projects eligible under this subsection; 
(D) expand public participation in trans-
portation planning by individuals and organiza-
tions in disadvantaged or underserved commu-
nities; or 
(E) administer or obtain technical assist-
ance related to activities described in this sub-
section. 
(b) ELIGIBLE ENTITIES DESCRIBED.—An eligible 
entity referred to in subsection (a) is— 
(1) a State (as such term is defined in section 
101 of title 23, United States Code); 
(2) a unit of local government; 
(3) a political subdivision of a State (as such 
term is defined in section 101 of title 23, United 
States Code); 
(4) a recipient of funds under section 202 of 
title 23, United States Code; 
(5) a territory of the United States; 
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(6) a metropolitan planning organization (as 
defined in section 134(b) of title 23, United States 
Code); or 
(7) with respect to a grant described in sub-
section (a)(3), in addition to an eligible entity de-
scribed in paragraphs (1) through (6), a nonprofit 
organization or institution of higher education that 
has entered into a partnership with an eligible entity 
described in paragraphs (1) through (6). 
(c) FACILITY DESCRIBED.—A facility is— 
(1) a surface transportation facility for which 
high speeds, grade separation, or other design fac-
tors create an obstacle to connectivity within a com-
munity; or 
(2) a surface transportation facility which is a 
source of air pollution, noise, stormwater, or other 
burden to a disadvantaged or underserved commu-
nity. 
(d) LOCAL TECHNICAL ASSISTANCE.—In addition to 
amounts otherwise available, there is appropriated for fis-
cal year 2022, out of any funds in the Treasury not other-
wise appropriated, $50,000,000, to remain available until 
September 30, 2026, to the Administrator of the Federal 
Highway Administration for— 
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(1) guidance, technical assistance, templates, 
training, or tools to facilitate efficient and effective 
contracting, design, and project delivery by units of 
local government; 
(2) subgrants to units of local government to 
build capacity of such local government to assume 
responsibilities to deliver surface transportation 
projects; and 
(3) operations and administration of the Fed-
eral Highway Administration. 
(e) USE OF FUNDS.— 
(1) IN GENERAL.—The Administrator shall pro-
vide grants to eligible entities described in sub-
section (b) that submit an application to the Admin-
istrator at such time, in such manner, and con-
taining such information as the Administration re-
quires. 
(2) MINIMUM
INVESTMENT.—Not less than 
$1,580,000,000 of funds made available under sub-
section (a) shall be distributed for projects in com-
munities that— 
(A) are economically disadvantaged, in-
cluding an underserved community or a commu-
nity located in an area of persistent poverty; 
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1189 
(B) have entered or will enter into a com-
munity benefits agreement with representatives 
of the community; 
(C) have an anti-displacement policy, a 
community land trust, or a community advisory 
board in effect; or 
(D) have demonstrated a plan for employ-
ing local residents in the area impacted by the 
activity or project proposed under this section. 
(f) ADMINISTRATION.— 
(1) IN
GENERAL.—Amounts made available 
under subsection (a) shall be administered as if 
made available under chapter 1 of title 23, United 
States Code, and a project carried out under this 
section shall be treated as a project on a Federal- 
aid highway under such chapter. 
(2) GRANTS TO STATES.—Funds made avail-
able under subsection (a) administered by or 
through a State department of transportation shall 
be expended in compliance with the requirements of 
part 26 of title 49, Code of Federal Regulations. 
(g) COST SHARE.—The Federal share of the cost of 
an activity carried out using a grant awarded under this 
section shall be not more than 80 percent, except that the 
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1190 
Federal share of the cost of a project in a disadvantaged 
or underserved community may be up to 100 percent. 
(h) LIMITATIONS.—Funds made available under this 
section shall not— 
(1) be subject to any restriction or limitation on 
the total amount of funds available for implementa-
tion or execution of programs authorized for Fed-
eral-aid highways; and 
(2) be used for a project for additional through 
travel lanes for single-occupant passenger vehicles. 
SEC. 110004. FEDERAL HIGHWAY ADMINISTRATION SEC-
TION 202 FUNDS. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2022, 
out of any funds in the Treasury not otherwise appro-
priated, $1,000,000,000, to remain available until Sep-
tember 30, 2026, to the Administrator of the Federal 
Highway Administration for the purposes described under 
section 202 of title 23, United States Code. 
(b) DISTRIBUTION OF FUNDS.—The Administrator 
of the Federal Highway Administration shall administer 
amounts made available under subsection (a) as if allo-
cated under section 202 of title 23, United States Code. 
(c) LIMITATION.—Funds made available under this 
section shall not be subject to any restriction or limitation 
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on the total amount of funds available for implementation 
or execution of programs authorized for Federal-aid high-
ways. 
SEC. 110005. TERRITORIAL HIGHWAY PROGRAM FUNDING. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2022, 
out of any funds in the Treasury not otherwise appro-
priated, $320,000,000, to remain available until Sep-
tember 30, 2026, to the Administrator of the Federal 
Highway Administration for the purposes described under 
section 165(c) of title 23, United States Code. 
(b) ADMINISTRATION
OF FUNDS.—The Adminis-
trator of the Federal Highway Administration shall ad-
minister amounts made available under subsection (a) as 
if allocated under section 165(c) of title 23, United States 
Code. 
(c) LIMITATION.—Funds made available under this 
section shall not be subject to any restriction or limitation 
on the total amount of funds available for implementation 
or execution of programs authorized for Federal-aid high-
ways. 
SEC. 110006. TRAFFIC SAFETY CLEARINGHOUSE. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2022, 
out of any funds in the Treasury not otherwise appro-
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1192 
priated, $100,000,000 to remain available until September 
30, 2026, for the Administrator of the National Highway 
Traffic Safety Administration to make 1 or more grants, 
cooperative agreements, or contracts with 1 or more quali-
fied institutions to— 
(1) operate a national clearinghouse for fair 
and equitable traffic safety enforcement programs; 
(2) research and develop systems for States to 
collect traffic safety enforcement data and provide 
technical assistance to States collecting such data, 
including the sharing of data to a national database; 
(3) develop recommendations and best practices 
to help States collect and use traffic safety enforce-
ment data to promote equity and reduce traffic-re-
lated fatalities and injuries; and 
(4) develop information and educational pro-
grams on implementing equitable traffic safety en-
forcement best practices to assist States and local 
communities. 
(b) ADMINISTRATION.—Not more than 5 percent of 
the amounts made available under this section may be 
used for salaries, expenses, and administration of the Na-
tional Highway Traffic Safety Administration. 
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SEC. 110007. AUTOMATED VEHICLES AND MOBILITY INNO-
VATION. 
In addition to amounts otherwise made available, 
there is appropriated for fiscal year 2022, out of any funds 
in the Treasury not otherwise appropriated, $8,000,000, 
to remain available until September 30, 2026, to the Sec-
retary of Transportation to make a grant to a qualified 
institution of higher education to— 
(1) operate a national highly automated vehicle 
and mobility innovation clearinghouse; 
(2) collect, conduct, and support research on 
the secondary and societal impacts of highly auto-
mated vehicles and mobility innovation on the built 
environment; and 
(3) disseminate and make such research avail-
able on a public website to assist communities. 
SEC. 110008. LOCAL TRANSPORTATION PRIORITIES. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated to the Secretary of 
Transportation for fiscal year 2022, out of any funds in 
the Treasury not otherwise appropriated, $6,000,000,000 
to remain available until September 30, 2026, for projects 
to advance local surface transportation priorities. 
(b) DAVIS BACON REQUIREMENT.— 
(1) IN GENERAL.—All laborers and mechanics 
employed by contractors or subcontractors in the 
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performance of construction, alteration, or repair 
work carried out, in whole or in part, with assistance 
made available under this section shall be paid 
wages at rates not less than those prevailing on 
projects of a character similar in the locality as de-
termined by the Secretary of Labor in accordance 
with subchapter IV of chapter 31 of title 40, United 
States Code. 
(2) AUTHORITY
AND
FUNCTIONS.—With re-
spect to the labor standards specified in this sub-
section, the Secretary of Labor shall have the au-
thority and functions set forth in Reorganization 
Plan Numbered 14 of 1950 (64 Stat. 1267; 5 
U.S.C. App.) and section 3145 of title 40, United 
States Code. 
SEC. 
110009. 
PASSENGER 
RAIL 
IMPROVEMENT, 
MOD-
ERNIZATION, AND EMISSIONS REDUCTION 
GRANTS. 
(a) APPROPRIATION.—In addition to amounts other-
wise available, there is appropriated to the Secretary of 
Transportation for fiscal year 2022, out of any money in 
the 
Treasury 
not 
otherwise 
appropriated, 
$10,000,000,000, to remain available until September 30, 
2026, for financial assistance under chapter 261 of title 
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49, United States Code, to eligible entities for eligible 
projects. 
(b) ALLOCATION.—Of the funds provided pursuant to 
subsection (a), not less than 10 percent shall be used for 
eligible projects as described under subsection (e)(1)(A). 
(c) FEDERAL SHARE.—For any financial assistance 
provided pursuant to this section, the Federal share may 
not exceed 90 percent of the total cost of the eligible 
project. 
(d) OVERSIGHT.—Not more than 1 percent of the 
amounts made available under subsection (a) shall be for 
the use of the Secretary of Transportation for the costs 
of award and project management of financial assistance 
provided under this section. 
(e) DEFINITIONS.—In this section: 
(1) ELIGIBLE
PROJECT.—The term ‘‘eligible 
project’’ means— 
(A) a planning project for high-speed rail 
corridor development that consists of planning 
activities eligible to receive financial assistance 
under section 26101(b) of title 49, United 
States Code; or 
(B) a capital project for high-speed rail 
corridor development that— 
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(i) directly serves rail stations within 
urban areas, as published by the Bureau of 
the Census, that are located in close prox-
imity to a census tract, as published by the 
Bureau of the Census, within the urban 
area that has a greater population density 
than the urban area as a whole; and 
(ii) is eligible to receive financial as-
sistance for a capital project, as defined in 
section 26106(b)(3) of title 49, United 
States Code. 
(2) ELIGIBLE ENTITY.—The term ‘‘eligible enti-
ty’’ means— 
(A) an entity eligible to receive financial 
assistance under section 26101 of title 49, 
United States Code; or 
(B) an applicant eligible to receive a grant 
under section 26106 of title 49, United States 
Code. 
(3) HIGH-SPEED RAIL.—The term ‘‘high-speed 
rail’’ means non-highway ground transportation that 
is owned or operated by an eligible entity and rea-
sonably expected to reach speeds of 160 miles per 
hour or more on shared-use right-of-way or 186 
miles per hour or more on dedicated right-of-way. 
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(4) CORRIDOR.—The term ‘‘corridor’’ means an 
existing, modified, or proposed intercity passenger 
rail service, as defined in section 26106(b) of title 
49, United States Code. 
SEC. 110010. RAILROAD REHABILITATION INFRASTRUC-
TURE AND FINANCING CREDIT RISK PRE-
MIUM ASSISTANCE. 
(a) APPROPRIATION.—In addition to amounts other-
wise available, there is appropriated to the Secretary of 
Transportation, out of any money in the Treasury not oth-
erwise appropriated, $150,000,000, in fiscal year 2022, to 
remain available until September 30, 2026, to provide 
credit risk premium assistance to eligible entities through 
the railroad rehabilitation infrastructure and financing 
program established by title V of the Railroad Revitaliza-
tion and Regulatory Reform Act of 1976. 
(b) ELIGIBLE ENTITIES.—For purposes of this sec-
tion, eligible entities shall include— 
(1) railroad carriers as defined in section 20102 
of title 49, United States Code; 
(2) State or local governments; or 
(3) government-sponsored authorities or cor-
porations. 
(c) ALLOCATION.— 
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(1) PUBLIC PASSENGER RAIL PROJECTS.—Not 
less than 50 percent of the amounts appropriated 
under subsection (a) shall be set aside for publicly 
owned or operated passenger rail projects. 
(2) FREIGHT
RAILROADS.—Not less than 25 
percent of the amounts appropriated under sub-
section (a) shall be set aside for freight railroads 
that are not Class I railroads. 
SEC. 110011. ALTERNATIVE FUEL AND LOW-EMISSION AVIA-
TION TECHNOLOGY PROGRAM. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2022, 
out of any money in the Treasury not otherwise appro-
priated, $1,000,000,000, to remain available until Sep-
tember 30, 2026, for the Secretary of Transportation to 
provide grants to, and enter into cost-sharing agreements 
with, eligible entities to carry out projects located in the 
United States that— 
(1) develop, demonstrate, or apply low-emission 
aviation technologies; or 
(2) produce, transport, blend, or store sustain-
able aviation fuels that would reduce greenhouse gas 
emissions attributable to the operation of aircraft 
that have fuel uplift in the United States. 
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(b) SELECTION.—In carrying out subsection (a), the 
Secretary shall consider, with respect to a proposed 
project— 
(1) the anticipated public benefits of the 
project; 
(2) the potential to increase the domestic pro-
duction and deployment of sustainable aviation fuel 
or the use of low-emission aviation technologies 
among the United States commercial aviation and 
aerospace industry; 
(3) the potential for creating new jobs in the 
United States; 
(4) the potential the project has to reduce or 
displace, on a lifecycle basis, United States green-
house gas emissions associated with air travel; 
(5) the proposed utilization of non-Federal cost- 
share contributions; 
(6) for projects related to the production of sus-
tainable aviation fuel, the potential net greenhouse 
gas emissions impact of such fuel on a lifecycle 
basis, which shall include feedstock, fuel production, 
and potential direct and indirect greenhouse gas 
emissions (including resulting from changes in land 
use); 
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(7) how the project will strengthen the leader-
ship of the United States in either sustainable avia-
tion fuels or in low-emission aviation technologies; 
(8) the benefits of ensuring a diversity of feed-
stocks for sustainable aviation fuel, including the use 
of waste carbon oxides and direct air capture; 
(9) the potential for partnerships with relevant 
supply chain stakeholders for sustainable aviation 
fuel; 
(10) the potential to leverage existing industrial 
infrastructure to accelerate the deployment of sus-
tainable aviation fuels; 
(11) aeronautical construction and design im-
provements that result in more efficient aircraft, in-
cluding new aircraft architectures, innovative propul-
sion integration, and high-performance lightweight 
materials; 
(12) more efficient aircraft engines, including 
innovative engine architectures, hybrid-electric en-
gines, and all-electric engines suitable for fully or 
partially powering aircraft operations; and 
(13) air traffic management and navigation 
technologies that permit more efficient flight pat-
terns. 
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(c) FUNDING DISTRIBUTION.—Of the amount made 
available under subsection (a), 30 percent of such amount 
shall be awarded for projects described in subsection 
(a)(1) and 70 percent of such amount shall be awarded 
for projects described in subsection (a)(2). 
(d) FEDERAL COST SHARE.—The Secretary shall de-
termine a higher Federal share of project costs for any 
cost-share agreement or grant awarded to any eligible re-
cipient for a project under subsection (a) that involves a 
low-emission aviation technology that exceeds a 20 percent 
reduction in fuel burn compared to current best in class 
aircraft or a sustainable aviation fuel that substantially 
exceeds a 50 percent lifecycle greenhouse gas emission re-
duction compared to conventional jet fuels. 
(e) PROGRAM REQUIREMENTS.—As a condition of re-
ceiving funds under this section, the Secretary may ap-
prove an award under this section only if the Secretary 
has received written assurances from the recipient that— 
(1) any low-emission aviation technology that is 
funded or is part of a project funded by a grant 
under subsection (a)(1) is produced in the United 
States; 
(2) any sustainable aviation fuel that is part of 
a project funded by a grant under subsection (a)(2) 
is— 
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(A) produced in the United States; and 
(B) is not derived from feedstocks that are 
developed through practices that threaten mass 
deforestation, harm biodiversity, or otherwise 
promote environmentally unsustainable proc-
esses; and 
(3) the recipient of grant funding has ade-
quately considered the environmental justice and eq-
uity impacts of any project on underserved commu-
nities. 
(f) DEVELOPMENT PROJECTS.—Section 47112(a) of 
title 49, United States Code, is amended by inserting ‘‘or 
labor for a project funded under section 110011 of the 
Act entitled ‘An Act to provide for reconciliation pursuant 
to title II of S. Con. Res. 14’ ’’ after ‘‘this subchapter’’. 
(g) ADMINISTRATIVE
EXPENSES.—The Secretary 
may retain up to 1 percent of the funds provided under 
this section to fund the award of, and oversight by the 
Secretary of, grants made under this section. 
(h) DEFINITIONS.—In this section: 
(1) ELIGIBLE ENTITY.—The term ‘‘eligible enti-
ty’’ means— 
(A) a State or local government other than 
an airport sponsor; 
(B) an air carrier; 
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(C) an airport sponsor; 
(D) an accredited institution of higher edu-
cation; 
(E) a person or entity engaged in the pro-
duction, transportation, blending or storage of 
sustainable aviation fuel or feedstocks that 
could be used to produce sustainable aviation 
fuel; 
(F) a person or entity engaged in the de-
velopment, demonstration, or application of low- 
emission aviation technologies; or 
(G) nonprofit entities or nonprofit con-
sortia with experience in sustainable aviation 
fuel, low-emission technology, or other clean 
transportation research programs. 
(2) LOW-EMISSION
AVIATION
TECHNOLOGY.— 
The term ‘‘low-emission aviation technology’’ means 
technologies that significantly— 
(A) improve aircraft fuel efficiency; 
(B) increase utilization of sustainable avia-
tion fuels; or 
(C) reduce greenhouse gas emissions pro-
duced during operation of civil aircraft. 
(3) SUSTAINABLE AVIATION FUEL.—The term 
‘‘sustainable aviation fuel’’ means liquid fuel that— 
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(A) consists of synthesized hydrocarbons; 
(B) meets the requirements of— 
(i) ASTM International Standard 
D7566; or 
(ii) the co-processing provisions of 
ASTM International Standard D1655, 
Annex A1 (or such successor standard); 
(C) is derived from biomass (as such term 
is defined in section 45K(c)(3) of the Internal 
Revenue Code of 1986), waste streams, renew-
able energy sources or gaseous carbon oxides; 
(D) is not derived from palm fatty acid 
distillates; and 
(E) achieves at least a 50 percent lifecycle 
greenhouse gas emissions reduction in compari-
son with petroleum-based jet fuel, as deter-
mined by a test that shows— 
(i) 
the 
fuel 
production 
pathway 
achieves at least a 50 percent reduction of 
the aggregate attributional core lifecycle 
greenhouse gas emissions and the induced 
land use change values under the lifecycle 
methodology for sustainable aviation fuel 
adopted by the International Civil Aviation 
Organization for the Carbon Offsetting 
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and Reduction Scheme for International 
Aviation with the agreement of the United 
States; or 
(ii) the fuel production pathway 
achieves at least a 50 percent reduction of 
the aggregate attributional core lifecycle 
greenhouse gas emissions values under an-
other methodology that the Secretary, in 
consultation with the Administrator of the 
Environmental Protection Agency, deter-
mines is— 
(I) reflective of the latest sci-
entific 
understanding 
of 
lifecycle 
greenhouse gas emissions; and 
(II) as stringent as the require-
ment under clause (i). 
(i) TIME LIMIT FOR ADOPTION OF NEW SUSTAIN-
ABLE AVIATION FUEL EMISSIONS REDUCTION TEST.— 
For purposes of clause (ii) of subsection (h)(3)(E), the 
Secretary, in consultation with the Administrator of the 
Environmental Protection Agency, shall, not later than 2 
years after the date of the enactment of this section, adopt 
at least 1 methodology for testing lifecycle greenhouse gas 
emissions that meets the requirements of such clause. 
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SEC. 110012. IMPLEMENTATION OF THE CARBON OFFSET-
TING AND REDUCTION SCHEME FOR INTER-
NATIONAL AVIATION. 
(a) IN GENERAL.—In addition to amounts otherwise 
made available, there is appropriated for fiscal year 2022, 
out of any money in the Treasury not otherwise appro-
priated, $6,000,000, to remain available until September 
30, 2026, for the Secretary of Transportation to ensure 
the United States complies with its obligations with re-
spect to volume IV of annex 16 to the Convention on 
International Civil Aviation (61 Stat. 1180) (‘‘Carbon Off-
setting and Reduction Scheme for International Aviation’’, 
hereinafter ‘‘CORSIA’’). 
(b) REGULATIONS.— 
(1) IN
GENERAL.—The Secretary shall issue 
regulations with requirements to ensure the United 
States complies with the obligations referenced in 
subsection (a), including requirements for operators 
of civil aircraft of the United States with respect 
to— 
(A) monitoring, reporting, and verifying 
quantities of carbon emissions covered under 
the CORSIA, cancelling eligible emissions units 
and reporting and verifying such cancellations, 
and reporting use of CORSIA eligible fuels; and 
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(B) submission of such information as the 
Secretary determines is necessary with respect 
to implementation of the CORSIA. 
(2) STANDARDS
AND
RECOMMENDED
PRAC-
TICES.—Regulations issued under this subsection 
shall be consistent with applicable standards and 
recommended practices published in volume IV of 
annex 16 to the Convention on International Civil 
Aviation (61 Stat. 1180) and associated implementa-
tion elements, adopted by the International Civil 
Aviation Organization prior to enactment of this 
Act, and any amendments or updates to such stand-
ards and related documents with which the United 
States concurs. 
(c) REPORTS.—Not later than December 31, 2022, 
and every 3 years thereafter, the Secretary shall submit 
to the Committee on Transportation and Infrastructure 
of the House of Representatives and the Committee on 
Commerce, Science, and Technology of the Senate a report 
assessing the compliance of operators of civil aircraft reg-
istered in the United States with regulations issued under 
this section as well as the standards and recommended 
practices referenced in subsection (b)(2), as applicable. 
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SEC. 110013. ASSISTANCE TO UPDATE AND ENFORCE HAZ-
ARD RESISTANT CODES AND STANDARDS. 
(a) IN GENERAL.—In addition to amounts otherwise 
available, there is appropriated for fiscal year 2022, out 
of any money in the Treasury not otherwise appropriated, 
$291,000,000, to remain available until expended, to the 
Administrator of the Federal Emergency Management 
Agency to carry out activities described in section 203(i) 
of the Robert T. Stafford Disaster Relief and Emergency 
Assistance Act (42 U.S.C. 5133(i)), notwithstanding sec-
tion 203(f)(2) of such Act (42 U.S.C. 5133(f)(2)), includ-
ing for activities and grants that provide technical assist-
ance and capacity building for State, local, Indian Tribal, 
or territorial governments for establishing, implementing, 
and carrying out enforcement activities of the latest pub-
lished editions of relevant performance-based and con-
sensus-based codes, specifications, and standards that in-
corporate hazard-resistant designs and the latest require-
ments for the maintenance and inspection of existing 
buildings to address hazard risk. 
(b) COST SHARE.—The Federal share of the assist-
ance provided in this section shall be 100 percent. 
(c) ADMINISTRATION.—In addition to amounts made 
available for administrative expenses under section 
205(d)(2) of the Robert T. Stafford Disaster Relief and 
Emergency Assistance Act (42 U.S.C. 5135(d)(2)), there 
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‘‘(h) COVER OVER DETERMINED WITHOUT REGARD 
TO CERTAIN RATE REDUCTIONS.—For purposes of sub-
sections (a)(3), (b)(3), and (e)(1), refunds under section 
5001(c)(4) shall not be taken into account as a refund, 
and the amount of taxes imposed and collected under sec-
tion 5001(a)(1) shall be determined without regard to sec-
tion 5001(c).’’. 
(2) EFFECTIVE DATE.—The amendment made 
by paragraph (1) shall take effect as if included in 
section 13807 of Public Law 116–260. 
(3) CONFORMING AMENDMENTS.— 
(A) 7652(E).— 
(i) IN GENERAL.—Section 7652(e) is 
amended by striking paragraph (5). 
(ii) EFFECTIVE
DATE.—The amend-
ment made by this subparagraph shall take 
effect as if included in section 13807 of 
Public Law 115–97. 
(B) 7652(I).— 
(i) IN
GENERAL.—Section 7652 is 
amended by striking subsection (i). 
(ii) EFFECTIVE
DATE.—The amend-
ment made by this subparagraph shall take 
effect as if included in section 107 of Pub-
lic Law 116–260. 
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drug and an applicable year, is the sum of the prod-
ucts of— 
‘‘(A) the average manufacturer price (as 
defined in subsection (g)(6)) of such dosage 
form and strength, as calculated for a unit of 
such drug, with respect to each of the calendar 
quarters of such year; and 
‘‘(B) the ratio of— 
‘‘(i) the total number of units of such 
dosage form and strength reported for the 
purpose of calculating average manufac-
turer price under section 1927 during each 
such calendar quarter of such year; to 
‘‘(ii) the total number of units of such 
dosage form and strength reported for the 
purpose of calculating average manufac-
turer price under section 1927 during such 
year, as determined by the Secretary. 
‘‘(3) DETERMINATION OF INFLATION-ADJUSTED 
PAYMENT AMOUNT.—The inflation-adjusted payment 
amount determined under this paragraph for a dos-
age form and strength with respect to a part D 
rebatable drug for an applicable year, subject to sub-
paragraphs (A) and (D) of paragraph (5), is— 
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