I 
111TH CONGRESS 
2D SESSION 
H. R. 4598 
To amend the Small Business Act to improve the Express Loan Program, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 4, 2010 
Mrs. DAHLKEMPER (for herself, Ms. BEAN, Mr. POMEROY, Mr. WELCH, Mr. 
ALTMIRE, Ms. KOSMAS, Mr. RYAN of Ohio, Mr. SCHRADER, Mr. BRIGHT, 
Ms. SCHWARTZ, Mr. DRIEHAUS, Mr. PETERS, Ms. RICHARDSON, Mr. 
KLEIN of Florida, Ms. WASSERMAN SCHULTZ, Mr. GRAYSON, Mr. 
MCMAHON, Mr. DONNELLY of Indiana, and Mr. SHUSTER) introduced 
the following bill; which was referred to the Committee on Small Business 
A BILL 
To amend the Small Business Act to improve the Express 
Loan Program, 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 ‘‘Express Loans Im-
provements Act of 2010’’. 
SEC. 2. IMPROVEMENT OF EXPRESS LOAN PROGRAM. 
(a) GUARANTY RATE.— 
(1) TEMPORARY INCREASE.— 
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(A) IN GENERAL.—Section 7(a)(31)(A)(iii) 
of 
the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(31)(A)(iii)) is amended by striking ‘‘50 
percent’’ and inserting ‘‘75 percent’’. 
(B) EFFECTIVE DATES.—The amendment 
under subparagraph (A) shall take effect on the 
date of enactment of this Act and shall cease to 
have effect on the date that is 2 years after 
such date. 
(2) PERMANENT INCREASE.— 
(A) IN GENERAL.—The percentage speci-
fied in section 7(a)(31)(A)(iii) of the Small 
Business Act (15 U.S.C. 636(a)(31)(A)(iii)) is 
amended to read ‘‘60 percent’’. 
(B) EFFECTIVE
DATE.—The amendment 
under subparagraph (A) shall take effect on the 
date that is 2 years after the date of enactment 
of this Act. 
(b) MAXIMUM LOAN AMOUNT.—Section 7(a)(31)(D) 
of the Small Business Act (15 U.S.C. 636(a)(31)(D)) is 
amended 
by 
striking 
‘‘$350,000’’ 
and 
inserting 
‘‘$1,000,000’’. 
(c) REGULATIONS.—Not later than 180 days after 
the date of enactment of this Act, the Administrator of 
the Small Business Administration shall issue regulations 
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with respect to the loan eligibility, lender eligibility, and 
collateral requirements (including lien protection for lend-
ers) of the Express Loan Program under section 7(a)(31) 
of the Small Business Act (15 U.S.C. 636(a)(31)) that 
minimize, with respect to the Federal Government, the 
risk of loss associated with such Program. 
(d) REPORTS.—Not later than one year after the date 
of enactment of this Act and annually thereafter, the Ad-
ministrator of the Small Business Administration shall 
submit to the Committee on Small Business of the House 
of Representatives and the Committee on Small Business 
and Entrepreneurship of the Senate a report describing 
the implementation of the Express Loan Program under 
section 7(a)(31) of the Small Business Act (15 U.S.C. 
636(a)(31)), including actions taken to reduce default 
rates with respect to such Program. 
Æ 
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