I 
117TH CONGRESS 
2D SESSION 
H. R. 7971 
To amend the Small Business Act to require certain lenders and development 
companies to refer certain borrowers to a resource partner, and for 
other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 7, 2022 
Ms. SA´NCHEZ (for herself, Mr. LOWENTHAL, Ms. PORTER, Mrs. NAPOLITANO, 
Ms. BASS, Ms. CHU, Ms. ROYBAL-ALLARD, Mr. LIEU, Mr. VARGAS, Ms. 
NORTON, Mrs. CHERFILUS-MCCORMICK, Ms. BROWN of Ohio, and Mrs. 
TORRES of California) introduced the following bill; which was referred 
to the Committee on Small Business 
A BILL 
To amend the Small Business Act to require certain lenders 
and development companies to refer certain borrowers 
to a resource partner, 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 ‘‘Supporting Entre-
preneurs and Economic Development Act’’ or the ‘‘SEED 
Act’’. 
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SEC. 2. RESOURCE PARTNER REFERRALS. 
(a) 7(a) LOANS.—Section 7(a) of the Small Business 
Act (15 U.S.C. 636(a)) is amended by adding at the end 
the following new paragraph: 
‘‘(38) RESOURCE PARTNER REFERRALS.— 
‘‘(A) IN GENERAL.—If a lender determines 
that a borrower is not eligible for a loan under 
this subsection, such lender shall refer the bor-
rower to a resource partner (as defined in sec-
tion 5004 of the American Rescue Plan Act of 
2021). Such referral shall include— 
‘‘(i) the address, phone number, and 
website (if available) of such resource part-
ner; and 
‘‘(ii) a description of the services of-
fered by such resource partner. 
‘‘(B) REPORT.—A lender shall submit to 
the Administrator an annual report describing 
referrals made under this paragraph.’’. 
(b) DISASTER ASSISTANCE LOANS.—Section 7(f) of 
the Small Business Act (15 U.S.C. 636(f)) (relating to 
Additional requirements for 7(b) loans) is amended by 
adding at the end the following new paragraph: 
‘‘(2) RESOURCE PARTNER REFERRALS.— 
‘‘(A) IN GENERAL.—If a lender determines 
that a borrower is not eligible for a loan under 
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subsection (b), such lender shall refer the bor-
rower to a resource partner (as defined in sec-
tion 5004 of the American Rescue Plan Act of 
2021). Such referral shall include— 
‘‘(i) the address, phone number, and 
website (if available) of such resource part-
ner; and 
‘‘(ii) a description of the services of-
fered by such resource partner. 
‘‘(B) REPORT.—A lender shall submit to 
the Administrator an annual report describing 
referrals made under this paragraph.’’. 
(c) MICROLOANS.—Section 7(m)(6) of the Small 
Business Act (15 U.S.C. 636(m)(6)) is amended by add-
ing at the end the following new subparagraph: 
‘‘(F) RESOURCE PARTNER REFERRALS.— 
‘‘(i) IN
GENERAL.—If an eligible 
intermediary determines that a person is 
not eligible for a loan under this sub-
section, eligible intermediary lender shall 
refer the borrower to a resource partner 
(as defined in section 5004 of the Amer-
ican Rescue Plan Act of 2021). Such refer-
ral shall include— 
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‘‘(I) the address, phone number, 
and website (if available) of such re-
source partner; and 
‘‘(II) a description of the services 
offered by such resource partner. 
‘‘(ii) 
REPORT.—An 
eligible 
inter-
mediary shall submit to the Administrator 
an annual report describing referrals made 
under this subparagraph.’’. 
(d) STATE
AND LOCAL DEVELOPMENT COMPANY 
LOANS.—Section 502 of the Small Business Investment 
Act of 1958 (15 U.S.C. 696) is amended by adding at 
the end the following new paragraph: 
‘‘(8) RESOURCE PARTNER REFERRALS.— 
‘‘(A) IN GENERAL.—If a development com-
pany determines that a person is not eligible for 
assistance under this title, such development 
company shall refer the borrower to a resource 
partner (as defined in section 5004 of the 
American Rescue Plan Act of 2021). Such re-
ferral shall include— 
‘‘(i) the address, phone number, and 
website (if available) of such resource part-
ner; and 
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‘‘(ii) a description of the services of-
fered by such resource partner. 
‘‘(B) REPORT.—A development company 
shall submit to the Administrator an annual re-
port describing referrals made under this para-
graph.’’. 
(e) REPORTS.— 
(1) LENDER REPORTS.—Each lender and devel-
opment company (as defined in section 103 of the 
Small Business Investment Act of 1958 (15 U.S.C. 
662)) authorized to make loans by the Adminis-
trator of the Small Business Administration shall 
submit to the Administrator an annual report detail-
ing referrals made by such lender or development 
company pursuant to a covered provision, as applica-
ble. 
(2) ADMINISTRATOR REPORTS.—Section 10 of 
the Small Business Act (15 U.S.C. 639) is amended 
by adding at the end the following new subsection: 
‘‘(i) LENDER REFERRAL REPORT.— 
‘‘(1) IN GENERAL.—Along with the report re-
quired under subsection (a), the Administrator shall 
include a description of the number of referrals to 
resource partners made by lenders or development 
companies pursuant to a covered provision. Such re-
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port shall be published on a website of the Adminis-
tration and shall include the following: 
‘‘(A) An analysis of the effectiveness of a 
referral and any resulting services provided by 
the resource partner. 
‘‘(B) The nature of the services provided 
by a resource partner, including (if applicable) 
the number of training or counseling sessions 
provided and the number of hours of assistance 
provided. 
‘‘(C) Whether any persons received assist-
ance as a result of such a referral. 
‘‘(2) COVERED PROVISION DEFINED.—In this 
subsection, the term ‘covered provision’ means sec-
tions 7(a)(38), 7(f)(2), 7(m)(6)(F), and section 
502(8) of the Small Business Investment Act of 
1958.’’. 
(f) GAO REPORT.— 
(1) IN GENERAL.—Not later than February 1, 
2023, and every two years thereafter, the Comp-
troller General of the United States shall submit to 
Congress, and publish on a publicly available 
website, a report on the rate of referrals to resource 
partners made by lenders or development companies 
pursuant to a covered provision and data on persons 
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that received assistance as a result of such a refer-
ral. 
(2) DEFINITIONS.—In this subsection: 
(A) RESOURCE PARTNER.—The term ‘‘re-
source partner’’ has the meaning given in sec-
tion 5004 of the American Rescue Plan Act of 
2021 (15 U.S.C. 9013). 
(B) 
COVERED
PROVISION.—The 
term 
‘‘covered provision’’ means— 
(i) sections 7(a)(38), 7(f)(2), and 
7(m)(6)(F) of the Small Business Act (15 
U.S.C. 631 et seq.), as added by this Act; 
and 
(ii) section 502(8) of the Small Busi-
ness Investment Act of 1958 (15 U.S.C. 
696), as added by this Act. 
Æ 
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