I 
116TH CONGRESS 
2D SESSION 
H. R. 6303 
To temporarily reduce fees for certain loans under the Small Business Admin-
istration, to increase guarantee amounts on certain loans, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 19, 2020 
Mr. CROW introduced the following bill; which was referred to the Committee 
on Small Business 
A BILL 
To temporarily reduce fees for certain loans under the Small 
Business Administration, to increase guarantee amounts 
on certain loans, 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 ‘‘Increasing Access to 
Capital Act of 2020’’. 
SEC. 2. TEMPORARY FEE REDUCTIONS. 
(a) PURPOSE.—The purpose of the section is to waive 
borrower and lender fees on loans, including a permanent 
fix to waive fees for veterans and their spouses. 
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(b) ADMINISTRATIVE FEE WAIVER.— 
(1) IN GENERAL.—During the period beginning 
on the date of enactment of this Act and ending on 
September 30, 2021, and to the extent that the cost 
of such elimination or reduction of fees is offset by 
appropriations, with respect to each loan guaranteed 
under section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) (including a recipient of assistance 
under the Community Advantage Pilot Program of 
the Administration) for which an application is ap-
proved or pending approval on or after the date of 
enactment of this Act, the Administrator shall— 
(A) in lieu of the fee otherwise applicable 
under section 7(a)(23)(A) of the Small Busi-
ness Act (15 U.S.C. 636(a)(23)(A)), collect no 
fee or reduce fees to the maximum extent pos-
sible; and 
(B) in lieu of the fee otherwise applicable 
under section 7(a)(18)(A) of the Small Busi-
ness Act (15 U.S.C. 636(a)(18)(A)), collect no 
fee or reduce fees to the maximum extent pos-
sible. 
(2) APPLICATION OF FEE ELIMINATIONS OR RE-
DUCTIONS.—To the extent that amounts are made 
available to the Administrator for the purpose of fee 
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eliminations or reductions under paragraph (1), the 
Administrator shall— 
(A) first use any amounts provided to 
eliminate or reduce fees paid by small business 
borrowers under clauses (i) through (iii) of sec-
tion 7(a)(18)(A) of the Small Business Act (15 
U.S.C. 636(a)(18)(A)), to the maximum extent 
possible; and 
(B) then use any amounts provided to 
eliminate or reduce fees under 7(a)(23)(A) of 
the 
Small 
Business 
Act 
(15 
U.S.C. 
636(a)(23)(A)). 
(c) EXCEPTION TO GUARANTEE FEE WAIVER FOR 
VETERANS.—Section 7(a)(31)(G) of the Small Business 
Act (15 U.S.C. 636(a)(31)(G)) is amended— 
(1) by striking clause (ii); and 
(2) by redesignating clause (iii) as clause (ii). 
(d) TEMPORARY FEE ELIMINATION FOR THE 504 
LOAN PROGRAM.— 
(1) IN GENERAL.—During the period beginning 
on the date of enactment of this Act and ending on 
September 30, 2021, and to the extent the cost of 
such elimination in fees is offset by appropriations, 
with respect to each project or loan guaranteed by 
the Administrator pursuant to title V of the Small 
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Business Investment Act of 1958 (15 U.S.C. 695 et 
seq.) for which an application is approved or pending 
approval on or after the date of enactment of this 
Act— 
(A) the Administrator shall, in lieu of the 
fee otherwise applicable under section 503(d)(2) 
of the Small Business Investment Act of 1958 
(15 U.S.C. 697(d)(2)), collect no fee; and 
(B) a development company shall, in lieu 
of 
the 
processing 
fee 
under 
section 
120.971(a)(1) of title 13, Code of Federal Reg-
ulations (relating to fees paid by borrowers), or 
any successor thereto, collect no fee. 
(2) REIMBURSEMENT FOR WAIVED FEES.— 
(A) IN GENERAL.—To the extent that the 
cost of such payments is offset by appropria-
tions, the Administrator shall reimburse each 
development company that does not collect a 
processing fee pursuant to paragraph (1)(B). 
(B) AMOUNT.—The payment to a develop-
ment company under subparagraph (A) shall be 
in an amount equal to 1.5 percent of the net 
debenture proceeds for which the development 
company does not collect a processing fee pur-
suant to paragraph (1)(B). 
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SEC. 3. GUARANTEE AMOUNTS. 
(a) PURPOSE.—The purpose of this section is to in-
crease loan guarantee amounts in order to mitigate risk 
for lenders and keep credit flowing, including an emphasis 
on underserved borrowers. 
(b) 7(a) LOAN GUARANTEES.— 
(1) IN
GENERAL.—Section 7(a)(2)(A) of the 
Small Business Act (15 U.S.C. 636(a)(2)(A)) is 
amended by striking ‘‘), such participation by the 
Administration shall be equal to’’ and all that fol-
lows through the period at the end and inserting ‘‘or 
the Community Advantage Pilot Program of the Ad-
ministration), such participation by the Administra-
tion shall be equal to 90 percent of the balance of 
the financing outstanding at the time of disburse-
ment of the loan.’’. 
(2) TERMINATION.—Effective September 30, 
2021, section 7(a)(2)(A) of the Small Business Act 
(15 U.S.C. 636(a)(2)(A)), as amended by paragraph 
(1), is amended to read as follows: 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraphs (B), (D), and (E), in an agree-
ment to participate in a loan on a deferred 
basis under this subsection (including a loan 
made under the Preferred Lenders Program), 
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such participation by the Administration shall 
be equal to— 
‘‘(i) 75 percent of the balance of the 
financing outstanding at the time of dis-
bursement of the loan, if such balance ex-
ceeds $150,000; or 
‘‘(ii) 85 percent of the balance of the 
financing outstanding at the time of dis-
bursement of the loan, if such balance is 
less than or equal to $150,000.’’. 
(c) EXPRESS LOAN GUARANTEE AMOUNTS
AND 
LOAN SIZE INCREASES.— 
(1) 
TEMPORARY
MODIFICATION.—Section 
7(a)(31) of the Small Business Act (15 U.S.C. 
636(a)(31)) is amended— 
(A) in subparagraph (A)(iv), by striking 
‘‘with a guaranty rate of not more than 50 per-
cent.’’ and inserting the following: ‘‘with a 
guarantee rate— 
‘‘(I) for a loan in an amount less 
than or equal to $350,000, of not 
more than 90 percent; and 
‘‘(II) for a loan in an amount 
greater than $350,000, of not more 
than 75 percent.’’; and 
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(B) in subparagraph (D), by striking 
‘‘$350,000’’ and inserting ‘‘$1,000,000’’. 
(2) INCREASE
IN
AVAILABILITY.—Effective 
September 30, 2021, section 7(a)(31) of the Small 
Business Act (15 U.S.C. 636(a)(31)), as amended 
by paragraph (1), is amended— 
(A) in subparagraph (A)(iv), by striking 
‘‘guarantee rate’’ and all that follows through 
the period at the end and inserting ‘‘guarantee 
rate of not more than 50 percent.’’; and 
(B) in subparagraph (D), by striking 
‘‘$1,000,000’’ and inserting ‘‘$500,000’’. 
SEC. 4. MAXIMUM LOAN AMOUNT AND PROGRAM LEVELS 
FOR 7(a) LOANS. 
(a) PURPOSE.—The purpose of this section is to tem-
porarily increase the maximum loan size in order to ex-
pand the reach of this long-term capital. 
(b) MAXIMUM LOAN AMOUNT.—During the period 
beginning on the date of enactment of this Act and ending 
on September 30, 2021, with respect to any loan guaran-
teed under section 7(a) of the Small Business Act (15 
U.S.C. 636(a)) for which an application is approved or 
pending approval on or after the date of enactment of this 
Act, the maximum loan amount shall be $10,000,000. 
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(c) PROGRAM LEVELS.—During each of fiscal years 
2020 and 2021, commitments for general business loans 
authorized under section 7(a) of the Small Business Act 
(15 U.S.C. 636(a)) shall not exceed $75,000,000,000. 
SEC. 5. MAXIMUM LOAN AMOUNT FOR 504 LOANS. 
(a) PURPOSE.—The purpose of this section is to 
make refinancing of fixed assets more flexible for small 
business concerns seeking immediate financing and relief 
from the COVID–19 crisis. 
(b) TEMPORARY INCREASE.—During the period be-
ginning on the date of enactment of this Act and ending 
on September 30, 2021, with respect to each project or 
loan guaranteed by the Administrator pursuant to title V 
of the Small Business Investment Act of 1958 (15 U.S.C. 
695 et seq.) for which an application is approved or pend-
ing approval on or after the date of enactment of this Act, 
the maximum loan amount shall be $10,000,000. 
(c) PERMANENT INCREASE FOR SMALL MANUFAC-
TURERS.—Effective 
on 
October 
1, 
2021, 
section 
502(2)(A)(iii) of the Small Business Investment Act of 
1958 (15 U.S.C. 696(2)(A)(iii)) is amended by striking 
‘‘$5,500,000’’ and inserting ‘‘$10,000,000’’. 
Æ 
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