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‘‘(1) A designated attorney that meets the re-
quirements determined under paragraph (2) shall be 
responsible for certifying documents relating to the 
closing of a loan described in this title. 
‘‘(2) The Administrator may determine any 
continuing education requirements that the des-
ignated attorney shall be required to satisfy in order 
to be permitted to close a loan made under this title. 
‘‘(3) If, as of the date of enactment of this sec-
tion, a certified development company does not have 
a designated attorney, during the 270-day period be-
ginning on that date of enactment, the certified de-
velopment company may identify such an attorney, 
subject to the approval of the Administrator.’’. 
SEC. 5. CERTIFIED DEVELOPMENT COMPANY LOANS FOR 
SMALL MANUFACTURERS. 
(a) 
CONTRIBUTION
REQUIREMENT.—Section 
502(a)(3)(C) of the Small Business Investment Act of 
1958, as designated by section 3, is amended— 
(1) by redesignating clauses (i), (ii), (iii), and 
(iv) as subclauses (I), (II), (III), and (IV), respec-
tively, and adjusting the margins of such subclauses 
accordingly; 
(2) by inserting before subclause (I), as so re-
designated, the following: 
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‘‘(i) for a small business concern that 
is not a small manufacturer (as defined in 
section 501(e)(7))—’’; 
(3) in subclause (III), as so redesignated, by 
striking ‘‘clauses (i) and (ii)’’ and inserting ‘‘sub-
clauses (I) and (II)’’; 
(4) in subclause (IV) as so redesignated, by 
striking the period and the end and inserting ‘‘; or’’; 
and 
(5) by adding at the end the following: 
‘‘(ii) for a small manufacturer (as de-
fined in section 501(e)(7))— 
‘‘(I) at least 5 percent of the 
total cost of the project financed, if 
the small business concern has been in 
operation for a period of 2 years or 
less; 
‘‘(II) at least 5 percent of the 
total cost of the project financed, if 
the project involves a limited or single 
purpose building or structure; 
‘‘(III) at least 10 percent of the 
total cost of the project financed if the 
project involves both of the conditions 
set forth in subclauses (I) and (II); or 
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‘‘(IV) at least 5 percent of the 
total cost of the project financed, in 
all other circumstances, at the discre-
tion of the development company.’’. 
(b) CREATION OR RETENTION OF JOBS REQUIRE-
MENT.—Section 501(e) of the Small Business Investment 
Act of 1958 (15 U.S.C. 695(e)) is amended— 
(1) in paragraph (1), by striking ‘‘creates or re-
tains’’ and all that follows through the period at the 
end and inserting ‘‘creates or retains 1 job for every 
$75,000 guaranteed by the Administration, except 
that the amount is $150,000 in the case of a project 
of a small manufacturer.’’; 
(2) in paragraph (2), by striking ‘‘creates or re-
tains’’ and all that follows through the period at the 
end and inserting ‘‘creates or retains 1 job for every 
$75,000 guaranteed by the Administration, except 
that the amount is $150,000 in the case of a project 
of a small manufacturer.’’; 
(3) by redesignating paragraph (6) as para-
graph (7); and 
(4) by inserting after paragraph (5) the fol-
lowing: 
‘‘(6) For a loan for a project directed toward the cre-
ation of job opportunities under subsection (d)(1), the Ad-
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ministrator shall publish on the website of the Administra-
tion the number of jobs created or retained under the 
project as of the date that is 2 years after the completion 
(as determined based on information provided by the de-
velopment company) of the project.’’. 
(c) 
COLLATERAL
REQUIREMENTS.—Section 
502(a)(3)(E)(i) of the Small Business Investment Act of 
1958, as designated by section 3, is amended by adding 
at the end the following: ‘‘Additional collateral shall not 
be required in the case of a small manufacturer (as de-
fined in section 501(e)(7)).’’. 
(d) DEBT REFINANCING.—Section 502(a)(7)(B) of 
the Small Business Investment Act of 1958, as designated 
by section 3, is amended— 
(1) in the matter preceding clause (i) by insert-
ing ‘‘(or in the case of a small manufacturer (as de-
fined in section 501(e)(7)), that does not exceed 100 
percent of the project cost of the expansion)’’ after 
‘‘cost of the expansion’’; 
(2) in clause (v), by adding ‘‘and’’ at the end; 
(3) by striking clause (vi); and 
(4) by redesignating clause (vii) as clause (vi). 
(e) AMOUNT OF GUARANTEED DEBENTURE.—Sec-
tion 503(a) of the Small Business Investment Act of 1958 
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(15 U.S.C. 697(a)) is amended by adding at the end the 
following: 
‘‘(5) Any debenture issued by a State or local devel-
opment company to a small manufacturer (as defined in 
section 501(e)(7)) with respect to which a guarantee is 
made under this subsection shall be in an amount equal 
to not more than 50 percent of the cost of the project 
with respect to which such debenture is issued, without 
regard to whether good cause has been shown.’’. 
SEC. 6. ASSISTANCE FOR SMALL MANUFACTURERS. 
Title V of the Small Business Investment Act of 1958 
(15 U.S.C. 695 et seq.), as amended by section 4(2), is 
further amended by adding at the end the following new 
section: 
‘‘SEC. 512. ASSISTANCE FOR SMALL MANUFACTURERS. 
‘‘(a) IN GENERAL.—The Administrator shall ensure 
that each district office of the Administration partners 
with not less than 1 resource partner to provide training 
to small business concerns assigned a North American In-
dustry Classification System code for manufacturing on 
obtaining assistance under the program carried out under 
this title, including with respect to the application process 
under that program and partnering with development 
companies under this title. 
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‘‘(b) RESOURCE PARTNER DEFINED.—In this sec-
tion, the term ‘resource partner’ means— 
‘‘(1) a small business development center (de-
fined in section 3 of the Small Business Act); 
‘‘(2) a women’s business center (described 
under section 29 of such Act); 
‘‘(3) a chapter of the Service Corps of Retired 
Executives (established under section 8(b)(1)(B) of 
such Act); and 
‘‘(4) a Veteran Business Outreach Center (de-
scribed under section 32 of such Act).’’. 
SEC. 7. LEASING RULES FOR NEW FACILITIES AND EXIST-
ING BUILDINGS. 
(a) IN GENERAL.—Section 502(a) of the Small Busi-
ness Investment Act of 1958, as designated by section 3, 
is amended by striking paragraphs (4) and (5) and insert-
ing the following new paragraphs: 
‘‘(4) NEW FACILITIES.— 
‘‘(A) IN
GENERAL.—With respect to a 
project to construct a new facility, an assisted 
small business concern may permanently lease 
not more than 20 percent of the project if such 
concern— 
‘‘(i) permanently occupies and uses 
not less than 60 percent of the project; 
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‘‘(ii) plans to occupy and use an addi-
tional portion of the project that is not 
permanently leased not later than 3 years 
after receipt of assistance under this sec-
tion; and 
‘‘(iii) plans to permanently occupy and 
use 80 percent of the project not later than 
10 years after receipt of such assistance. 
‘‘(B) SMALL MANUFACTURERS.—With re-
spect to an assisted small business concern that 
is a small manufacturer (as defined in section 
501(e)(6)), subparagraph (A)(i) shall apply 
with ‘50 percent’ substituted for ‘60 percent’. 
‘‘(5) EXISTING BUILDINGS.—With respect to a 
project to acquire, renovate, or reconstruct an exist-
ing building, the following shall apply: 
‘‘(A) OCCUPANCY
REQUIREMENTS.—The 
assisted small business concern may perma-
nently lease not more than 50 percent of the 
project if the concern permanently occupies and 
uses not less than 50 percent of the project. 
‘‘(B) EXCEPTION.—The assisted small 
business concern may permanently lease more 
than 50 percent of the project if— 
‘‘(i) such concern— 
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‘‘(I) has occupied and used the 
existing building for a consecutive 12- 
month period before submitting an 
application for assistance under this 
section; 
‘‘(II) agrees to permanently use 
less than 50 percent of the existing 
building and permanently lease more 
than 50 percent for a consecutive 12- 
month period after receiving such as-
sistance; and 
‘‘(III) affirms that the existing 
building is appropriate for current 
and reasonably anticipated needs; and 
‘‘(ii) the development company assist-
ing such project— 
‘‘(I) provides written notice to 
the Administrator on the date on 
which the development company closes 
the loan for such project; and 
‘‘(II) once each year during the 
first 5 years of the loan, and once 
every 2 years for the remainder of the 
loan— 
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‘‘(aa) conducts an examina-
tion of the assisted small busi-
ness concern to ensure the con-
cern is not a real estate develop-
ment business; and 
‘‘(bb) files with the Adminis-
trator an anti-investor certifi-
cation signed by the development 
company and the assisted small 
business concern. 
‘‘(C) LEASE TERM.—Any residential lease 
made under this paragraph shall be for a term 
of not more than 1 year, and any commercial 
lease made under this paragraph shall be for a 
term of not more than 5 years.’’. 
(b) REPORT.—Not later than 5 years after the date 
of the enactment of this Act, the Administrator of the 
Small Business Administration shall submit to Congress 
a report analyzing the impact of the amendments made 
by this section on access to capital for small business con-
cerns (as defined under section 3 of the Small Business 
Act (15 U.S.C. 632)), and recommending whether similar 
notice, examination, and certifications requirements 
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should be made to the program established under section 
7(a) of the Small Business Act (15 U.S.C. 636(a)). 
Passed the House of Representatives April 15, 2021. 
Attest: 
CHERYL L. JOHNSON, 
Clerk. 
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