I 
116TH CONGRESS 
2D SESSION 
H. R. 8211 
To amend the Small Business Investment Act of 1958 to improve the loan 
guaranty program, enhance the ability of small manufacturers to access 
affordable capital, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 11, 2020 
Ms. CRAIG (for herself and Mr. CHABOT) introduced the following bill; which 
was referred to the Committee on Small Business 
A BILL 
To amend the Small Business Investment Act of 1958 to 
improve the loan guaranty program, enhance the ability 
of small manufacturers to access affordable capital, and 
for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘504 Modernization and 
Small Manufacturer Enhancement Act of 2020’’. 
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SEC. 2. ADDITIONS TO POLICY GOALS FOR THE DEVELOP-
MENT COMPANY PROGRAM. 
Section 501(d)(3) of the Small Business Investment 
Act of 1958 (15 U.S.C. 695(d)(3)) is amended— 
(1) by redesignating subparagraphs (A) through 
(L) as subparagraphs (B) through (M), respectively; 
(2) by inserting before subparagraph (B) (as so 
redesignated) the following: 
‘‘(A) workforce development through work- 
based or work-integrated training, which shall 
be satisfied by demonstrating that a small busi-
ness concern that is a subject of the project 
has— 
‘‘(i) a documented in-house training 
program, the duration of which is not 
shorter than 12 weeks; or 
‘‘(ii) entered into a contract with an 
entity— 
‘‘(I) to provide trained applicants 
for any open position of employment 
at the small business concern; and 
‘‘(II) that ensures that any appli-
cant provided to the small business 
concern under subclause (I) has un-
dergone not fewer than 12 weeks of 
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training that is relevant to the open 
position described in that subclause,’’; 
(3) by amending subparagraph (D) (as so re-
designated) to read as follows: 
‘‘(D) expansion of minority-owned, em-
ployee-owned, or women-owned business devel-
opment,’’; 
(4) in subparagraph (L) (as so redesignated), 
by striking ‘‘producers, or’’ and inserting ‘‘pro-
ducers,’’; 
(5) in subparagraph (M) (as so redesignated), 
by striking the period at the end and inserting a 
comma; 
(6) by inserting after subparagraph (M) the fol-
lowing new subparagraphs: 
‘‘(N) enhanced ability for small business 
concerns to reduce costs by using energy effi-
cient products and generating renewable en-
ergy, or 
‘‘(O) aid revitalizing of any area for which 
a disaster has been declared or determined 
under subparagraph (A), (B), (C), or (E) of 
section 7(b)(2) of the Small Business Act.’’; 
and 
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(7) in the flush text following subparagraph 
(O), as added by paragraph (6), by striking ‘‘sub-
paragraphs (J) and (K)’’ and inserting ‘‘subpara-
graphs (K) and (L)’’. 
SEC. 3. INCREASE IN LOAN AMOUNTS FOR MANUFAC-
TURING LOANS. 
Section 502 of the Small Business Investment Act 
of 1958 (15 U.S.C. 696) is amended— 
(1) in the matter preceding paragraph (1), by 
striking ‘‘The Administration’’ and inserting the fol-
lowing: 
‘‘(a) IN GENERAL.—The Administration’’; and 
(2) in subsection (a), as so designated— 
(A) in paragraph (2)(A)— 
(i) in the matter preceding clause (i), 
by striking ‘‘section’’ and inserting ‘‘sub-
section’’; and 
(ii) 
in 
clause 
(iii), 
by 
striking 
‘‘$5,500,000’’ and inserting ‘‘$6,500,000’’; 
(B) in paragraph (3)(A), by striking ‘‘this 
section’’ and inserting ‘‘this subsection’’; and 
(C) in paragraph (5), by striking ‘‘this sec-
tion’’ and inserting ‘‘this subsection’’. 
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