and Recovery Act of 2001, during the 1-year
period beginning on that date of enactment—
‘‘(i) the guarantee percentage speci-
fied by subparagraph (A)(i) shall be in-
creased to 85 percent; and
‘‘(ii) the guarantee percentage speci-
fied by subparagraph (A)(ii) shall be in-
creased to 90 percent.’’.
(c) ONE-YEAR
SUSPENSION
OF
SECTION
504
FEES.—Section 503 of the Small Business Investment Act
of 1958 (15 U.S.C. 697) is amended—
(1) in subsection (b)(7)(A), by striking ‘‘which
amount shall’’ and inserting ‘‘which amount shall
not be assessed or collected with respect to
financings made on or after the date of enactment
of the American Small Business Emergency Relief
and Recovery Act of 2001, and no amount shall ac-
crue, during the 1-year period beginning on that
date of enactment, and which amount shall other-
wise’’; and
(2) in subsection (d)(2), by adding at the end
the following: ‘‘No fee may be assessed or collected
under this paragraph with respect to financings
made on or after the date of enactment of the Amer-
ican Small Business Emergency Relief and Recovery
Act of 2001, and no fee shall accrue, during the 1-
year period beginning on that date of enactment.’’.
(d) BUDGETARY
TREATMENT
OF
LOANS
AND
FINANCINGS.—Any assistance made available under any
loan issued by the Small Business Administration under
section 7(a)(31) or 7(b)(4) of the Small Business Act (15
U.S.C. 636(a)) or any financings made under title III or
V of the Small Business Investment Act of 1958 (15
U.S.C. 697a), as a result of this Act and the amendments
made by this Act during the 1-year period beginning on
the date of enactment of this Act, shall be excluded from
any calculation of the subsidy rate with respect to the pro-
grams of the Small Business Administration under those
provisions for purposes of the Federal Credit Reform Act
of 1990.
SEC. 6. APPROVAL PROCESS.
Notwithstanding any other provision of law, and in
order to make assistance provided under this Act available
to all eligible small business concerns, the Administrator
of the Small Business Administration may adopt such ap-
proval processes as the Administrator determines to be ap-
propriate for the provision of assistance under the amend-
ments made by sections 4 and 5.
SEC. 7. ADDITIONAL SBIC AUTHORITY.
Section 303 of the Small Business Investment Act
of 1958 (15 U.S.C. 683) is amended by adding at the end
the following:
‘‘(k) AUTHORITY AFTER TERRORIST ATTACKS OF
SEPTEMBER 11, 2001.—Small business investment com-
panies may issue leverage under this title for the purpose
of providing assistance to small business concerns ad-
versely impacted, directly or indirectly, by the terrorist at-
tacks perpetrated against the United States on September
11, 2001.’’.
SEC. 8. STUDY AND REPORT ON EFFECTS ON SMALL BUSI-
NESS CONCERNS.
(a) STUDY.—
(1) IN GENERAL.—The Office of Advocacy of
the Small Business Administration shall conduct an-
nual studies for a 5-year period on the impact of the
terrorist attacks perpetrated against the United
States on September 11, 2001, on small business
concerns, and the effects of assistance provided
under this Act on such small business concerns.
(2) CONTENTS.—The study conducted under
paragraph (1) shall include information regarding—
(A) bankruptcies and business failures that
occurred as a result of the events of September
11, 2001, as compared to those that occurred
in 1999 and 2000;
(B) the loss of jobs, revenue, and profits in
small business concerns as a result of those
events, as compared to those that occurred in
1999 and 2000;
(C) the impact of assistance provided
under this Act to small business concerns ad-
versely affected or adversely impacted by those
attacks, 
including 
information 
regarding
whether—
(i) small business concerns that re-
ceived such assistance would have re-
mained in business without such assist-
ance;
(ii) jobs were saved due to such assist-
ance;
(iii) small business concerns recovered
economically from those events; and
(iv) small business concerns that re-
mained in business had increases in em-
ployment and sales since receiving assist-
ance.
(b) REPORT.—The Office of Advocacy shall submit
a report to Congress on the studies required by subsection
(a)(1), specifically addressing the requirements of sub-
section (a)(2) in September of each of fiscal years 2002
through 2006.
(c) AUTHORIZATION OF APPROPRIATIONS.—There is
authorized to be appropriated to carry out this section
$125,000 for each of fiscal years 2002 through 2006.
SEC. 9. INCREASED AUTHORIZATIONS OF APPROPRIA-
TIONS.
Section 20 of the Small Business Act (15 U.S.C. 631
note) is amended by adding at the end the following:
‘‘(j) SPECIAL AUTHORIZATIONS OF APPROPRIATIONS
FOLLOWING TERRORIST ATTACKS.—In addition to any
other amounts authorized by this Act for any fiscal year,
there are authorized to be appropriated to the Administra-
tion, to remain available until expended—
‘‘(1) for fiscal year 2002 and each fiscal year
thereafter, such sums as may be necessary to carry
out paragraph (4) of section 7(b), including nec-
essary loan capital and funds for administrative ex-
penses related to making and servicing loans pursu-
ant to that paragraph;
‘‘(2) for fiscal year 2002 and each fiscal year
thereafter, such sums as may be necessary to carry
out paragraphs (2)(E), (18)(C), and (31) of section
7(a), including any funds necessary to offset fees