(1) no additional loans may be made by the 
Secretary under the loan program; 
(2) all amounts in the revolving loan fund shall 
be paid into the general fund of the Treasury; and 
(3) all amounts that would otherwise have been 
paid into the revolving loan fund shall be paid into 
the general fund of the Treasury. 
SEC. 4. COLLATERAL SUPPORT PROGRAM. 
(a) IN GENERAL.—With respect to an SPV, a pro-
gram is described under this section if, under such pro-
gram— 
(1) a qualified manufacturer that wishes to re-
ceive a loan from a bank, but would not otherwise 
have sufficient collateral to qualify for such a loan, 
may ask the bank to seek collateral support for such 
loan from the SPV; 
(2) the bank submits an application to the SPV 
to participate in the collateral support program, in 
such form and manner and containing such informa-
tion as the SPV may require; 
(3) the SPV, if approving such application, de-
posits cash with the bank in an interest bearing ac-
count under the SPV’s name, and allows such cash 
to act as collateral support for the qualified manu-
facturer’s loan; 
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(4) the interest paid on such cash deposit is 
paid to the SPV; and 
(5) as the qualified manufacturer repays the 
loan over time, the SPV draws down the amount de-
posited with the bank. 
(b) ADDITIONAL REQUIREMENTS.—A program de-
scribed under subsection (a) shall additionally have the 
following requirements: 
(1) DEPOSIT LIMITS.—The cash deposit made 
by the SPV may not represent more than 49.9 per-
cent of the total loan amount and may not be in an 
amount more than 49.9 percent of the non-equity 
capital of the qualified manufacturer at the time the 
loan is made. 
(2) LOAN AMOUNT.—The SPV may not provide 
more than $20,000,000 to any one qualified manu-
facturer under the collateral support program. 
(3) FEES.—The SPV shall require a fee or fees 
to be paid by the qualified manufacturer to the SPV, 
at loan closing or annually, which shall consist of no 
more than 3 percent of the value of the cash deposit 
per fee. The SPV may determine whether such fee 
should be paid in cash or in options to purchase eq-
uity in the qualified manufacturer, but in no case 
may such options allow for the purchase of equity in 
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the qualified manufacturer that would result in the 
SPV holding more than 15 percent of the voting 
rights of the equity of such qualified manufacturer. 
(4) EXIT FEE.—In the event that the qualified 
manufacturer defaults on the loan made under the 
collateral support program, the bank shall repay to 
the SPV an amount equal to 5 percent of the initial 
deposit made by the SPV. 
(5) OVERSIGHT.—The SPV shall require— 
(A) the bank to make periodic reports to 
the SPV during the life of the loan; and 
(B) such other reports from the bank and 
the qualified manufacturer as the SPV deter-
mines appropriate to maintain oversight. 
SEC. 5. LOAN PARTICIPATION PROGRAM. 
(a) IN GENERAL.—With respect to an SPV, a pro-
gram is described under this section if, under such pro-
gram— 
(1) a qualified manufacturer that wishes to re-
ceive a loan from a bank, but would not otherwise 
qualify for such a loan, may ask the bank to seek 
loan participation for such loan from the SPV; 
(2) the bank submits an application to the SPV 
to participate in the loan participation program, in 
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such form and manner and containing such informa-
tion as the SPV may require; 
(3) the SPV, if approving such application, will 
agree to purchase between 1 to 49.9 percent of such 
loan, upon the bank making such loan; 
(4) the bank shall continue to service the entire 
loan; and 
(5) the SPV may, in coordination with the 
bank, permit the qualified manufacturer to forbear 
payments of interest or defer payments of principal 
on the amount of such loan purchased by the SPV 
for a period of no longer than 3 years from the date 
such loan is made. 
(b) ADDITIONAL REQUIREMENTS.—A program de-
scribed under subsection (a) shall additionally have the 
following requirements: 
(1) LOAN
AMOUNT.—The SPV may not pay 
more than $20,000,000 for any portion of loans 
made to any one qualified manufacturer under the 
loan participation program. 
(2) FEE.— 
(A) ONE-TIME FEE.—The SPV shall re-
quire a one-time fee from the qualified manu-
facturer in exchange for the SPV participating 
in the loan participation program. 
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(B) ANNUAL FEE.—The bank shall require 
the qualified manufacturer to pay an annual fee 
to the bank of a minimum of 0.5 percent, and 
a maximum of 2 percent, of the amount of the 
portion of the loan purchased by the SPV under 
the loan participation program. 
(3) OVERSIGHT.—The SPV shall require— 
(A) the bank to make periodic reports to 
the SPV during the life of the loan; and 
(B) such other reports from the bank and 
the qualified manufacturer as the SPV deter-
mines appropriate to maintain oversight. 
SEC. 6. REPORT. 
Not later than the end of the 6-month period begin-
ning on the date of the enactment of this Act, and quar-
terly thereafter while any loan remains outstanding under 
the loan program carried out under section 3, the Sec-
retary shall issue a report to the Congress containing— 
(1) a list of the active participants in Collateral 
Support Programs and Loan Participation Pro-
grams; and 
(2) an estimate of the impact the loan program 
has had on— 
(A) the overall economy; and 
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(B) the creation of new jobs or the preser-
vation of existing jobs. 
Æ 
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