I 
113TH CONGRESS 
2D SESSION 
H. R. 5599 
To clarify that the use of electronic signatures and records in SBA loan 
and related financing programs is permitted. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 18, 2014 
Mr. GRAVES of Missouri (for himself, Mr. CHABOT, Mr. SCHWEIKERT, Mr. 
HANNA, Mr. HUELSKAMP, Mr. COLLINS of New York, Mr. LUETKE-
MEYER, Mr. TIPTON, Mr. KING of Iowa, and Mr. RICE of South Carolina) 
introduced the following bill; which was referred to the Committee on 
Small Business 
A BILL 
To clarify that the use of electronic signatures and records 
in SBA loan and related financing programs is permitted. 
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 ‘‘Small Business Loan 
Simplification Act of 2014’’. 
SEC. 2. ELECTRONIC SIGNATURES AND RECORDS. 
(a) IN GENERAL.—Section 4 of the Small Business 
Act (15 U.S.C. 633) is amended by the adding the fol-
lowing new subsection: 
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‘‘(g) ELECTRONIC SIGNATURES AND RECORDS.—In 
accordance with the Electronic Signatures in Global and 
National Commerce Act (15 U.S.C. 7001 et seq.), the Ad-
ministrator shall— 
‘‘(1) amend regulations and Standard Oper-
ating Procedures to authorize the Administration 
and participants in lending programs under sub-
sections (a), (j), (l), and (m) of section 7 of the 
Small Business Act, and under title III, title IV, and 
title V of the Small Business Investment Act of 
1958, to use electronic signatures and records, as 
defined by section 106 of the Electronic Signatures 
in Global and National Commerce Act, for such pro-
grams; and 
‘‘(2) accept electronic signatures and records, 
as defined by section 106 of the Electronic Signa-
tures in Global and National Commerce Act, associ-
ated with the management and closing processes 
under section 7 of the Small Business Act and Small 
Business Administration Standard Operating Proce-
dure 50 10, Standard Operating Procedure 50 57, 
Standard Operating Procedure 50 50, and in Stand-
ard Operating Procedure 10 06 (as in effect on the 
date of enactment of this paragraph and any suc-
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cessor rule or successor Standard Operating Proce-
dure).’’. 
(b) PRESERVATION OF STATE LAW.—Nothing in this 
Act may be construed to preempt applicable State law ex-
cept as provided in the Electronic Signatures in Global 
and National Commerce Act (15 U.S.C. 7001 et seq.) with 
respect to such State law. 
(c) EFFECTIVE DATE.—The amendments made in 
subsection (a) of this section shall take effect on the date 
that is 60 days after the date of enactment of this Act. 
To ensure timely implementation of the requirements of 
this section, any rules made during the 60-day period to 
carry out this section are not subject to the requirements 
under subsection (b) or (c) of section 553 of title 5, United 
States Code. 
Æ 
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