I 
116TH CONGRESS 
2D SESSION 
H. R. 6312 
To provide relief from COVID–19 for small business concerns, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 19, 2020 
Ms. VELA´ZQUEZ introduced the following bill; which was referred to the 
Committee on Small Business 
A BILL 
To provide relief from COVID–19 for small business 
concerns, 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; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘COVID–19 Relief for Small Businesses Act of 2020’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Business stabilization direct loan program. 
Sec. 3. Business stabilization guaranteed loan program. 
Sec. 4. Economic injury grants for small business concerns. 
Sec. 5. Economic injury disaster loans. 
Sec. 6. Subsidy for certain loan payments. 
Sec. 7. Temporary fee reductions. 
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Sec. 8. Guarantee amounts. 
Sec. 9. Maximum loan amount and program levels for 7(a) loans. 
Sec. 10. Maximum loan amount for 504 loans. 
Sec. 11. Recovery assistance for microbusinesses. 
Sec. 12. Additional leverage for small businesses affected by the COVID–19 
outbreak. 
Sec. 13. New Markets Venture Capital Program. 
Sec. 14. Grants to small business development centers, women’s business cen-
ters, and chapters of the Service Corps of Retired Executives. 
Sec. 15. Grant programs for small business development centers, women’s busi-
ness centers, and chapters of the Service Corps of Retired Ex-
ecutives. 
Sec. 16. Waiver of matching funds requirement under the women’s business 
center program. 
Sec. 17. State Trade Expansion Program. 
Sec. 18. Contracting and entrepreneurial development assistance. 
Sec. 19. Resources and services in languages other than English. 
Sec. 20. Authorization of appropriations for personnel. 
SEC. 2. BUSINESS STABILIZATION DIRECT LOAN PROGRAM. 
(a) IN GENERAL.—The Administrator of the Small 
Business Administration shall carry out a program to 
make loans directly to eligible borrowers. 
(b) ELIGIBLE BORROWER DEFINED.—In this sec-
tion, the term ‘‘eligible borrower’’ means a person who— 
(1) is a small business concern as defined under 
section 3 of the Small Business Act (15 U.S.C. 
632); and 
(2) is located in a State or territory of the 
United States with a confirmed or presumed positive 
case of COVID–19. 
(c) USE OF FUNDS.—In addition to the use of pro-
ceeds currently permitted under section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)), loans made under this 
section may be used for the following purposes: 
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(1) To make periodic payments of principal and 
interest, for a period not to exceed 12 months, on 
a loan or a loan guarantee made to an eligible bor-
rower that meets the eligibility standards of such 
section 7(a). 
(2) To provide benefits to employees of the eli-
gible borrower, including group life insurance, dis-
ability insurance, sick leave, annual leave, edu-
cational benefits, paid family leave, or retirement 
benefits (including a pension plan or IRA). 
(3) To pay wages to employees of the eligible 
borrower, and related State and Federal payroll 
taxes, except that loan proceeds may not be used to 
pay amounts under a garnishment order issued by 
an agency of a State or Federal Government. 
(4) To provide technology, hardware, or soft-
ware for a shift to telework or remote work for em-
ployees of the eligible borrower to enable continuity 
of operations. 
(5) To pay rent or utilities due or owed on any 
place of business of the eligible borrower. 
(6) To refinance an existing debt (including in-
terest) in an amount not to exceed 50 percent of the 
amount of the debt. 
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(7) To provide floor plan financing or other re-
volving line of credit. 
(8) To pay past-due Federal, State, or local 
payroll taxes, sales taxes, or other similar taxes that 
are required to be collected by the eligible borrower 
and held in trust on behalf of a Federal, State, or 
local government entity. 
(9) To provide employees and patrons of the eli-
gible borrower with the necessary items specified by 
any public health authority to mitigate the spread of 
COVID–19. 
(d) LOAN TERMS.— 
(1) AMOUNT.—Loans made under this section 
may not exceed $2,500,000. 
(2) DISBURSEMENT.—Not less than 10 percent, 
but not more than 20 percent, of the proceeds of a 
loan made under this section shall be disbursed not 
later than 5 calendar days after a loan is approved 
under this section. 
(3) TERM.—Loans made under this section 
shall be for a term of 10 years, and a borrower shall 
not be required to repay such loan during the 12- 
month period beginning on the date of disbursement 
of the loan. 
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(4) INTEREST; FEES.—The Administrator may 
not charge any interest or fees for a loan made 
under this section. 
(e) COLLATERAL.—The Administrator shall not de-
cline to make a loan under this section to an otherwise 
eligible borrower due solely to inadequate collateral. The 
Administrator shall accept any available collateral, includ-
ing subordinated liens, to secure a loan made under this 
section. 
(f) FORGIVENESS.—If an eligible borrower that re-
ceives loan proceeds under this section demonstrates to the 
Administrator that the number of employees of such eligi-
ble borrower on December 31, 2021, is greater than or 
equal to the number of employees of such eligible borrower 
on December 31, 2019, the Administrator shall pay to the 
lender of such eligible borrower’s loan not more than 50 
percent of the outstanding principal on such loan. 
(g) SUNSET.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the Administrator of the Small Business 
Administration may not make a loan under this sec-
tion after September 30, 2022. 
(2) EXTENSION.—The Administrator may ex-
tend authority to make loans under this section by 
an additional 6 months by notifying Congress, in 
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writing, within 10 calendar days before any exten-
sion. 
(h) EMERGENCY RULEMAKING AUTHORITY.— 
(1) IN
GENERAL.—Within 15 days after the 
date of the enactment of this section, the Adminis-
trator of the Small Business Administration— 
(A) shall issue rules to carry out this sec-
tion; and 
(B) may issue rules to establish a sec-
ondary market for loans made under this sec-
tion. 
(2) NOTICE.—The notice requirements of sec-
tion 553(b) of title 5, United States Code shall not 
apply to any issuance of rules under paragraph (1). 
(i) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Administrator of the 
Small Business Administration such sums as may be nec-
essary to pay for the cost of making $100,000,000,000 
in direct loans under this section. In the previous sentence, 
the cost of direct loans shall be as defined in section 502 
of the Congressional Budget Act of 1974 (2 U.S.C. 661a). 
SEC. 3. BUSINESS STABILIZATION GUARANTEED LOAN PRO-
GRAM. 
(a) IN GENERAL.—The Administrator of the Small 
Business Administration shall carry out a program to 
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guarantee loans to eligible borrowers, made by banks or 
other lenders. 
(b) ELIGIBLE BORROWER DEFINED.—In this sec-
tion, the term ‘‘eligible borrower’’ means a person who— 
(1) is a small business concern as defined under 
section 3 of the Small Business Act (15 U.S.C. 
632); and 
(2) is located in a State or territory of the 
United States with a confirmed or presumed positive 
case of COVID–19. 
(c) USE OF FUNDS.—In addition to the use of pro-
ceeds currently permitted under section 7(a) of the Small 
Business Act (15 U.S.C. 636(a)), loans guaranteed under 
this section may be used for the following purposes: 
(1) To make periodic payments of principal and 
interest, for a period not to exceed 12 months, on 
a loan or a loan guarantee made to an eligible bor-
rower that meets the eligibility standards of such 
section 7(a). 
(2) To provide benefits to employees of the eli-
gible borrower, including group life insurance, dis-
ability insurance, sick leave, annual leave, edu-
cational benefits, paid family leave, or retirement 
benefits (including a pension plan or IRA). 
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(3) To pay wages to employees of the eligible 
borrower, and related State and Federal payroll 
taxes, except that loan proceeds may not be used to 
pay amounts under a garnishment order issued by 
an agency of a State or Federal Government. 
(4) To provide technology, hardware, or soft-
ware for a shift to telework or remote work for em-
ployees of the eligible borrower to enable continuity 
of operations. 
(5) To pay rent or utilities due or owed on any 
place of business of the eligible borrower. 
(6) To refinance an existing debt (including in-
terest) in an amount not to exceed 50 percent of the 
amount of the debt. 
(7) To provide floor plan financing or other re-
volving line of credit. 
(8) To pay past-due Federal, State, or local 
payroll taxes, sales taxes, or other similar taxes that 
are required to be collected by the eligible borrower 
and held in trust on behalf of a Federal, State, or 
local government entity. 
(9) To provide employees and patrons of the eli-
gible borrower with the necessary items specified by 
any public health authority to mitigate the spread of 
COVID–19. 
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(d) LOAN TERMS.— 
(1) AMOUNT.—Loans guaranteed under this 
section may not exceed $2,500,000. 
(2) DISBURSEMENT.—With respect to a loan 
guaranteed under this section, loan amounts shall be 
disbursed as follows: 
(A) Not less than 10 percent, but not more 
than 20 percent, of such amount shall be dis-
bursed not later than 5 calendar days after 
such approval. 
(B) Not later than 14 calendar days after 
such approval, any remaining amounts shall be 
disbursed. 
(3) GUARANTEE.—Loans guaranteed under this 
section shall be 100 percent guaranteed by the Ad-
ministrator of the Small Business Administration. 
(4) INTEREST.—The Administrator and partici-
pating lenders shall not charge interest on any loan 
guaranteed under this section. 
(e) REPAYMENT.—Repayment for loans guaranteed 
under this section— 
(1) shall be amortized over a period of time not 
to exceed 10 years; and 
(2) may not begin until 12 months (which may 
be extended by the Administrator of the Small Busi-
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ness Administration) after the final disbursement of 
loan amounts pursuant to subsection (d)(2). 
(f) COLLATERAL.—A lender may not decline to make 
a loan described under this section to an otherwise eligible 
borrower due solely to inadequate collateral. The Adminis-
trator shall not decline to honor a guarantee on a loan 
made by a lender that is guaranteed under this section 
solely due to inadequate collateral. Lenders shall accept 
any available collateral, including subordinated liens, to 
secure a loan guaranteed under this section. 
(g) FEES.—Neither the Administrator of the Small 
Business Administration nor any lender may charge any 
fees to an applicant in connection with a loan guaranteed 
under this section. 
(h) FORGIVENESS.—If an eligible borrower that re-
ceives loan proceeds under this section demonstrates to the 
Administrator that the number of employees of such eligi-
ble borrower on December 31, 2021, is greater than or 
equal to the number of employees of such eligible borrower 
on December 31, 2019, the Administrator shall pay to the 
lender of such eligible borrower’s loan not more than 50 
percent of the outstanding principal on such loan. 
(i) SUNSET.— 
(1) IN GENERAL.—Except as provided in para-
graph (2), the Administrator of the Small Business 
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Administration may not guarantee a loan under this 
section after September 30, 2022. 
(2) EXTENSION.—The Administrator may ex-
tend authority to guarantee loans under this section 
by an additional 6 months by notifying Congress, in 
writing, within 10 calendar days before any exten-
sion. 
(j) EMERGENCY RULEMAKING AUTHORITY.— 
(1) IN
GENERAL.—Within 15 days after the 
date of the enactment of this section, the Adminis-
trator of the Small Business Administration— 
(A) shall issue rules to carry out this sec-
tion; and 
(B) may issue rules to establish a sec-
ondary market for loans made under this sec-
tion. 
(2) NOTICE.—The notice requirements of sec-
tion 553(b) of title 5, United States Code shall not 
apply to any issuance of rules under paragraph (1). 
(k) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $100,000,000,000 to the 
Administrator of the Small Business Administration to 
carry out this section. 
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SEC. 4. ECONOMIC INJURY GRANTS FOR SMALL BUSINESS 
CONCERNS. 
(a) GRANTS.—The Administrator of the Small Busi-
ness Administration shall provide grants to eligible small 
business concerns that have suffered a substantial eco-
nomic injury (as defined in section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)), directly or indirectly, 
as a result of the public health emergency declared be-
cause of COVID–19. 
(b) DEFINITION
OF ELIGIBLE SMALL BUSINESS 
CONCERN.—In this section, the term ‘‘eligible small busi-
ness concern’’ means a small business concern (as defined 
under section 3 of the Small Business Act (15 U.S.C. 
632)) or an independent contractor. 
(c) AMOUNT OF GRANT.—A grant provided under 
this section shall be in an amount that is not more than 
$100,000. 
(d) USE OF FUNDS.—An eligible small business con-
cern that receives a grant under this section may use the 
grant funds to address the direct effects of the COVID– 
19 pandemic, including— 
(1) providing paid sick leave to employees un-
able to work; 
(2) maintaining payroll to retain employees dur-
ing business disruptions or substantial slowdowns; 
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(3) meeting increased costs to obtain materials 
unavailable from the original source of the eligible 
small business concern due to interrupted supply 
chains; 
(4) making payments under a lease or mortgage 
loan related to a place of operation of the small busi-
ness concern; 
(5) repaying obligations that cannot be met due 
to revenue losses; and 
(6) other expenses as deemed appropriate by 
the Administrator. 
(e) APPLICATION.— 
(1) IN GENERAL.—An eligible small business 
concern desiring a grant under this section shall 
submit to the Administration an application at such 
time, in such manner, and containing such informa-
tion as the Administration may require. 
(2) STANDARDS.—The Administrator shall es-
tablish minimum qualifying standards to ensure that 
applicants adversely impacted by the effects of 
COVID–19 pandemic receive funds expeditiously 
under this section. 
(f) PROCEDURES.—The Administrator shall establish 
procedures to verify and document compliance with the re-
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quirements under this section in order to prevent waste, 
fraud, and abuse of funds awarded under this section. 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $100,000,000,000 to the 
Administrator to carry out this section. 
(h) EMERGENCY RULEMAKING AUTHORITY.— 
(1) IN
GENERAL.—Within 15 days after the 
date of the enactment of this section, the Adminis-
trator of the Small Business Administration shall 
issue rules to carry out this section. 
(2) NOTICE.—Notice requirements of section 
553(b) of title 5, United States Code shall not apply 
to any issuance of rules under paragraph (1). 
(i) REPORT.—Not later than March 31, 2022, the 
Administrator of the Small Business Administration shall 
submit to Congress a report that includes— 
(1) the number of grants made under this sec-
tion, disaggregated by the number of grants made— 
(A) in an amount less than or equal to 
$20,000; 
(B) in an amount greater than $20,000 
but less than or equal to $40,000; 
(C) in an amount greater than $40,000 
but less than or equal to $60,000; 
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(D) in an amount greater than $60,000 
but less than or equal to $80,000; and 
(E) in an amount greater than $80,000 
but less than or equal to $100,000; 
(2) the average amount of an award; 
(3) an analysis of the program established 
under this section and recommendations for im-
provement; 
(4) the average time from receipt of an applica-
tion to approval of grant under this section; and 
(5) the average time from approval of grant to 
disbursement of grant funds. 
(j) TERMINATION.—The authority to carry out 
grants under this section shall terminate on September 30, 
2021. 
SEC. 5. ECONOMIC INJURY DISASTER LOANS. 
(a) TERMS.—With respect to a loan made under sec-
tion 7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) in response to COVID–19, the Administrator 
of the Small Business Administration— 
(1) may make such a loan to a start-up small 
business concern; 
(2) may waive any rules related to affiliation; 
and 
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(3) shall, with respect to such a loan made to 
a cooperative, waive any requirement that the bor-
rower of such loan provide a personal guarantee to 
repay such loan. 
(b) PRELIMINARY AMOUNTS.— 
(1) IN
GENERAL.—An applicant for a loan 
under section 7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)) in response to COVID–19 may re-
quest that the Administrator provide an advance in 
the amount requested by such applicant (not to ex-
ceed $10,000) to such applicant within 3 days after 
the Administrator receives an application from such 
applicant. 
(2) VERIFICATION.—Before disbursing amounts 
under this subsection, the Administrator shall verify 
that the applicant is a small business concern (as 
defined under section 3 of such Act (15 U.S.C. 
632)). 
(3) REPAYMENT.—An applicant that is subse-
quently denied a loan under such section 7(b)(2) 
shall not be required to repay any amounts of an ad-
vance provided under this subsection. 
(c) APPROVAL AND ABILITY TO REPAY FOR SMALL 
DOLLAR LOANS.—With respect to a loan made under sec-
tion 7(b)(2) of the Small Business Act (15 U.S.C. 
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636(b)(2)) in response to COVID–19 that does not exceed 
$350,000, the Administrator— 
(1) may approve an applicant based solely on 
the credit score of the applicant and shall not re-
quire an applicant to submit a tax return or a tax 
return transcript for such approval; or 
(2) use alternative appropriate methods to de-
termine an applicant’s ability to repay. 
(d) EMERGENCIES INVOLVING FEDERAL PRIMARY 
RESPONSIBILITY QUALIFYING FOR SMALL BUSINESS AD-
MINISTRATION
ASSISTANCE.—Section 7(b)(2) of the 
Small Business Act (15 U.S.C. 636(b)(2)) is amended— 
(1) in subparagraph (A), by striking ‘‘or’’ at 
the end; 
(2) in subparagraph (B), by striking ‘‘or’’ at 
the end; 
(3) in subparagraph (C), by striking ‘‘or’’ at 
the end; 
(4) by redesignating subparagraph (D) as sub-
paragraph (E); 
(5) by inserting after subparagraph (C) the fol-
lowing: 
‘‘(D) an emergency involving Federal pri-
mary responsibility determined to exist by the 
President under the section 501(b) of the Rob-
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ert T. Stafford Disaster Relief and Emergency 
Assistance Act (42 U.S.C. 5191(b)); or’’; 
(6) in subparagraph (E), as so redesignated— 
(A) by striking ‘‘or (C)’’ and inserting 
‘‘(C), or (D)’’; 
(B) by striking ‘‘disaster declaration’’ each 
place it appears and inserting ‘‘disaster or 
emergency declaration’’; 
(C) by striking ‘‘disaster has occurred’’ 
and inserting ‘‘disaster or emergency has oc-
curred’’; 
(D) by striking ‘‘such disaster’’ and insert-
ing ‘‘such disaster or emergency’’; and 
(E) by striking ‘‘disaster stricken’’ and in-
serting ‘‘disaster- or emergency-stricken’’; and 
(7) in the flush matter following subparagraph 
(E) (as so redesignated), by striking the period at 
the end and inserting the following: ‘‘: Provided fur-
ther, that for purposes of subparagraph (D), the Ad-
ministrator shall deem that such an emergency af-
fects each State or subdivision thereof (including 
counties), and that each State or subdivision has 
sufficient economic damage to small business con-
cerns to qualify for assistance under this paragraph 
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and the Administrator shall accept applications for 
such assistance immediately.’’. 
(e) CREDIT
ELSEWHERE
REQUIREMENTS.—The 
flush matter following subparagraph (E) (as so redesig-
nated) of section 7(b)(2) of the Small Business Act (15 
U.S.C. 636(b)(2)) is amended by striking ‘‘That no loan 
or guarantee’’ and all that follows through ‘‘credit else-
where.’’ and inserting the following: ‘‘The interest rate on 
a loan or guarantee made under this paragraph shall be 
not more than 2 percent, if the Administrator determines 
the applicant is not able to obtain credit elsewhere, or not 
more than 4 percent, if the Administrator determines the 
applicant is able to obtain credit elsewhere.’’. 
(f) ELIGIBILITY.—Section 7(b)(2) of the Small Busi-
ness Act is amended by striking ‘‘small agricultural coop-
erative’’ and inserting ‘‘small cooperative’’. 
(g) ADDITIONAL AMOUNTS.— 
(1) IN
GENERAL.—The Administrator of the 
Small Business Administration may increase by 20 
percent the amount received by an eligible small 
business concern under section 7(b)(2) of the Small 
Business Act (15 U.S.C. 636(b)(2)) to cover con-
tinuity-of-operations and risk mitigation improve-
ments, including telework capability, offsite record 
keeping, redundancy, the administrative costs of es-
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tablishing paid sick leave, and presenteeism preven-
tion. 
(2) DEFINITION.—In this section, the term ‘‘el-
igible small business concern’’ means a small busi-
ness concern that— 
(A) meets the applicable size standard es-
tablished under section 3 of the Small Business 
Act (15 U.S.C. 632); and 
(B) is receiving assistance under section 
7(b)(2) of the Small Business Act (15 U.S.C. 
636(b)(2)) related to COVID–19. 
(h) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Administrator to 
carry out the loan program under section 7(b)(2) of the 
Small Business Act (15 U.S.C. 636(b)(2))— 
(1) $177,000,000 for administration costs; and 
(2) $1,000,000,000 to provide loans or other 
assistance. 
SEC. 6. SUBSIDY FOR CERTAIN LOAN PAYMENTS. 
(a) DEFINITIONS.—In this section— 
(1) the terms ‘‘Administration’’ and ‘‘Adminis-
trator’’ mean the Small Business Administration 
and the Administrator thereof; and 
(2) the term ‘‘covered loan’’ means a loan that 
is— 
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(A) guaranteed by the Administration 
under— 
(i) section 7(a) of the Small Business 
Act (15 U.S.C. 636(a)), including a loan 
made under the Community Advantage 
Pilot Program of the Administration; or 
(ii) title V of the Small Business In-
vestment Act of 1958 (15 U.S.C. 695 et 
seq.); or 
(B) made by an intermediary to a small 
business concern (as defined in section 3 of the 
Small Business Act (15 U.S.C. 632)) using 
loans or grants received under section 7(m) of 
the Small Business Act (15 U.S.C. 636(m)). 
(b) SENSE OF CONGRESS.—It is the sense of Con-
gress that— 
(1) all borrowers are adversely affected by 
COVID–19; 
(2) relief payments by the Administration are 
appropriate for all borrowers; and 
(3) in addition to the relief provided under this 
section, the Administration should encourage lenders 
to provide payment deferments, when appropriate, 
and to extend the maturity of covered loans, so as 
to avoid balloon payments or any requirement for in-
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creases in debt payments resulting from deferments 
provided by lenders during the period of the national 
emergency declared by the President under the Na-
tional Emergencies Act (50 U.S.C. 1601 et seq.) 
with respect to COVID–19. 
(c) PRINCIPAL AND INTEREST PAYMENTS.— 
(1) IN GENERAL.—The Administrator shall pay 
the principal, interest, and any associated fees that 
are owed on a covered loan in a regular servicing 
status— 
(A) with respect to a covered loan made 
before the date of enactment of this section and 
not on deferment, for the 6-month period begin-
ning with the next payment due on the covered 
loan; 
(B) with respect to a covered loan made 
before the date of enactment of this section and 
on deferment, for the 6-month period beginning 
with the next payment due on the covered loan 
after the deferment period; and 
(C) with respect to a covered loan made 
during the period beginning on the date of en-
actment of this section and ending on the date 
that is 6 months after such date of enactment, 
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for the 6-month period beginning with the first 
payment due on the covered loan. 
(2) TIMING OF PAYMENT.—The Administrator 
shall begin making payments under paragraph (1) 
on a covered loan not later than 30 days after the 
date on which the first such payment is due. 
(3) APPLICATION OF PAYMENT.—Any payment 
made by the Administrator under paragraph (1) 
shall be applied to the covered loan such that the 
borrower is relieved of the obligation to pay that 
amount. 
(d) OTHER
REQUIREMENTS.—The Administrator 
shall— 
(1) communicate and coordinate with the Fed-
eral Deposit Insurance Corporation, the Office of the 
Comptroller of the Currency, and State bank regu-
lators to encourage those entities to not require 
lenders to increase their reserves on account of re-
ceiving payments made by the Administrator under 
subsection (c); 
(2) waive statutory limits on maximum loan 
maturities for any covered loan durations where the 
lender provides a deferral and extends the maturity 
of covered loans during the 1-year period following 
the date of enactment of this section; and 
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(3) when necessary to provide more time be-
cause of the potential of higher volumes, travel re-
strictions, and the inability to access some properties 
during the COVID–19 pandemic, extend lender site 
visit requirements to— 
(A) not more than 60 days (which may be 
extended at the discretion of the Administra-
tion) after the occurrence of an adverse event, 
other than a payment default, causing a loan to 
be classified as in liquidation; and 
(B) not more than 90 days after a pay-
ment default. 
(e) RULE OF CONSTRUCTION.—Nothing in this sec-
tion may be construed to limit the authority of the Admin-
istrator to make payments pursuant to subsection (c) with 
respect to a covered loan solely because the covered loan 
has been sold in the secondary market. 
(f) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated to the Administrator 
$16,800,000,000 to carry out this section. 
SEC. 7. 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. 
(b) ADMINISTRATIVE FEE WAIVER.— 
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(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 section and ending 
on September 30, 2021, and to the extent the cost 
of such elimination in fees is offset by appropria-
tions, with respect to each project or loan guaran-
teed by the Administrator pursuant to title V of the 
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Small 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 section— 
(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. 8. 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. 9. 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 section and 
ending on September 30, 2021, with respect to any loan 
guaranteed 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 section, 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. 10. 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 section and end-
ing 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 pending approval on or after the date of enactment of 
this section, 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’’. 
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SEC. 11. RECOVERY ASSISTANCE FOR MICROBUSINESSES. 
(a) PURPOSE.—The purpose of this section is to allow 
lenders to deploy more capital, give borrowers more time 
to repay, increase rural lending, and cut technical assist-
ance red tape. 
(b) LOANS TO INTERMEDIARIES.— 
(1) IN GENERAL.—Section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)) is amended— 
(A) in paragraph (3)(C)— 
(i) by striking ‘‘and $6,000,000’’ and 
inserting ‘‘$10,000,000, in the aggre-
gate,’’; and 
(ii) by inserting before the period at 
the end the following: ‘‘, and $4,500,000 in 
any of those remaining years’’; 
(B) in paragraph (4)— 
(i) in subparagraph (A), by striking 
‘‘subparagraph (C)’’ each place that term 
appears and inserting ‘‘subparagraphs (C) 
and (G)’’; 
(ii) in subparagraph (C), by amending 
clause (i) to read as follows: 
‘‘(i) IN
GENERAL.—In addition to 
grants made under subparagraph (A) or 
(G), each intermediary shall be eligible to 
receive a grant equal to 5 percent of the 
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total outstanding balance of loans made to 
the intermediary under this subsection if— 
‘‘(I) the intermediary provides 
not less than 25 percent of its loans 
to small business concerns located in 
or owned by one or more residents of 
an economically distressed area; or 
‘‘(II) the intermediary has a 
portfolio of loans made under this 
subsection— 
‘‘(aa) 
that 
averages 
not 
more than $10,000 during the 
period of the intermediary’s par-
ticipation in the program; or 
‘‘(bb) of which not less than 
25 percent is serving rural areas 
during 
the 
period 
of 
the 
intermediary’s participation in 
the program.’’; and 
(iii) by adding at the end the fol-
lowing: 
‘‘(G) GRANT AMOUNTS BASED ON APPRO-
PRIATIONS.—In any fiscal year in which the 
amount appropriated to make grants under 
subparagraph (A) is sufficient to provide to 
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each intermediary that receives a loan under 
paragraph (1)(B)(i) a grant of not less than 25 
percent of the total outstanding balance of 
loans made to the intermediary under this sub-
section, the Administration shall make a grant 
under subparagraph (A) to each intermediary 
of not less than 25 percent and not more than 
30 percent of that total outstanding balance for 
the intermediary.’’; and 
(C) by striking paragraph (7) and insert-
ing the following: 
‘‘(7) PROGRAM FUNDING FOR MICROLOANS.— 
Under the program authorized by this subsection, 
the Administration may fund, on a competitive basis, 
not more than 300 intermediaries.’’. 
(2) AMENDMENT IN 2021.—Effective on October 
1, 2021, section 7(m)(3)(C) of the Small Business 
Act (15 U.S.C. 636(m)(3)(C)), as amended by para-
graph (1)(A), is further amended— 
(A) by striking ‘‘$10,000,000’’ and by in-
serting ‘‘$7,000,000’’; and 
(B) by striking ‘‘$4,500,000’’ and insert-
ing ‘‘$3,000,000’’. 
(c) TEMPORARY WAIVER OF TECHNICAL ASSISTANCE 
GRANTS MATCHING REQUIREMENTS AND FLEXIBILITY 
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ON PRE- AND POST-LOAN ASSISTANCE.—During the pe-
riod beginning on the date of enactment of this section 
and ending on September 30, 2021, the Administration 
shall waive— 
(1) the requirement to contribute non-Federal 
funds under section 7(m)(4)(B) of the Small Busi-
ness Act (15 U.S.C. 636(m)(4)(B)); and 
(2) the limitation on amounts allowed to be ex-
pended to provide information and technical assist-
ance under clause (i) of section 7(m)(4)(E) of the 
Small Business Act (15 U.S.C. 636(m)(4)(E)) and 
enter into third-party contracts to provide technical 
assistance under clause (ii) of such section 
7(m)(4)(E). 
(d) TEMPORARY DURATION
OF LOANS
TO BOR-
ROWERS.— 
(1) IN GENERAL.—During the period beginning 
on the date of enactment of this section and ending 
on September 30, 2021, the duration of a loan made 
by an eligible intermediary under section 7(m) of the 
Small Business Act (15 U.S.C. 636(m))— 
(A) to an existing borrower may be ex-
tended to not more than 8 years; and 
(B) to a new borrower may be not more 
than 8 years. 
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(2) REVERSION.—On and after October 1, 
2021, the duration of a loan made by an eligible 
intermediary to a borrower under section 7(m) of 
the Small Business Act (15 U.S.C. 636(m)) shall be 
7 years or such other amount established by the Ad-
ministrator. 
(e) PROGRAM LEVELS.—Section 20 of the Small 
Business Act (15 U.S.C. 631 note) is amended by adding 
at the end the following: 
‘‘(h) MICROLOAN PROGRAM.—For each of fiscal 
years 2021 through 2025, the Administration is author-
ized to make— 
‘‘(1) $80,000,000 in technical assistance grants, 
as provided in section 7(m); and 
‘‘(2) $110,000,000 in direct loans, as provided 
in section 7(m).’’. 
(f) AUTHORIZATION OF APPROPRIATIONS.—In addi-
tion to amounts provided under the Consolidated Appro-
priations Act, 2020 (Public Law 116–93) for the program 
established under section 7(m) of the Small Business Act 
(15 U.S.C. 636(m)), there is authorized to be appro-
priated for fiscal year 2020, to remain available until ex-
pended— 
(1) $50,000,000 to provide technical assistance 
grants under such section 7(m); and 
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(2) $7,000,000 to provide direct loans under 
such section 7(m). 
SEC. 12. ADDITIONAL LEVERAGE FOR SMALL BUSINESSES 
AFFECTED BY THE COVID–19 OUTBREAK. 
(a) IN GENERAL.—Section 303(b)(2) of the Small 
Business Investment Act of 1958 (15 U.S.C. 683(b)(2)) 
is amended by adding at the end the following: 
‘‘(E) ADDITIONAL LEVERAGE BASE ON IN-
VESTMENT.— 
‘‘(i) EXCLUSION
OF
AMOUNTS.—In 
calculating the outstanding leverage of a 
company for purposes of subparagraph (A) 
or (B), the Administrator shall exclude the 
amount of leverage outstanding to covered 
small businesses, not to exceed an amount 
equal to $100,000,000, if the amount ex-
cluded is used exclusively for working cap-
ital purposes. 
‘‘(ii) COVERED SMALL BUSINESS DE-
FINED.—In this subparagraph, the term 
‘covered small business’ means a small 
business concern is located in a State or 
United States territory with at least one 
confirmed or presumed positive case of 
COVID–19.’’. 
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(b) APPLICATION.—Notwithstanding any other provi-
sion of law, for purposes of additional leverage requested 
under subparagraph (E) of section 303(b)(2) of the Small 
Business Investment Act of 1958, as added by subsection 
(a), the Administrator shall approve or deny such request 
within 14 calendar days of receipt by the Administrator 
of the request. 
SEC. 13. NEW MARKETS VENTURE CAPITAL PROGRAM. 
Section 368(a) of the Small Business Investment Act 
of 1958 (15 U.S.C. 689q(a)) is amended— 
(1) by striking ‘‘fiscal years 2001 through 
2006’’ and inserting ‘‘fiscal years 2020 through 
2025’’; 
(2) 
in 
paragraph 
(1), 
by 
striking 
‘‘$150,000,000’’ and inserting ‘‘$10,000,000,000’’; 
and 
(3) 
in 
paragraph 
(2), 
by 
striking 
‘‘$30,000,000’’ and inserting ‘‘$2,000,000,000’’. 
SEC. 14. GRANTS TO SMALL BUSINESS DEVELOPMENT CEN-
TERS, WOMEN’S BUSINESS CENTERS, AND 
CHAPTERS OF THE SERVICE CORPS OF RE-
TIRED EXECUTIVES. 
(a) IN GENERAL.—The Administrator of the Small 
Business Administration shall provide grants to small 
business development centers, women’s business centers, 
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and chapters of the Service Corps of Retired Executives 
for the purposes described in subsection (b). 
(b) USE OF FUNDS.—Grant funds under this section 
shall be used for the following: 
(1) To purchase laptops, software, and other re-
lated technical or electronic equipment to ensure 
that employees of small business development cen-
ters, women’s business centers, and chapters of the 
Service Corps of Retired Executives may telework 
and provide remote customer service in response to 
a public health emergency declared because of 
COVID–19. 
(2) To create marketing materials for employ-
ees of small business development centers, women’s 
business centers, and chapters of the Service Corps 
of Retired Executives to educate customers on avail-
able training and counseling resources relevant to a 
public 
health 
emergency 
declared 
because 
of 
COVID–19. 
(c) DEFINITIONS.—In this section: 
(1) ADMINISTRATOR.—The term ‘‘Adminis-
trator’’ means the Administrator of the Small Busi-
ness Administration. 
(2) SERVICE
CORPS
OF
RETIRED
EXECU-
TIVES.—The term ‘‘Service Corps of Retired Execu-
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tives’’ means the Service Corps of Retired Execu-
tives established under section 8(b)(1)(B) of the 
Small Business Act (15 U.S.C. 637(b)(1)(B)). 
(3) SMALL
BUSINESS
DEVELOPMENT
CEN-
TER.—The term ‘‘small business development cen-
ter’’ has the meaning given in section 3 of the Small 
Business Act (15 U.S.C. 632). 
(4) WOMEN’S
BUSINESS
CENTER.—The term 
‘‘women’s business center’’ means a women’s busi-
ness center as described under section 29 of the 
Small Business Act (15 U.S.C. 656). 
(d) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated $25,000,000 to the Admin-
istrator to carry out this Act, of which not less than 
$15,000,000 shall be used for grants to small business de-
velopment centers. 
SEC. 15. GRANT PROGRAMS FOR SMALL BUSINESS DEVEL-
OPMENT CENTERS, WOMEN’S BUSINESS CEN-
TERS, AND CHAPTERS OF THE SERVICE 
CORPS OF RETIRED EXECUTIVES. 
(a) SMALL
BUSINESS
DEVELOPMENT
CENTER 
GRANTS.— 
(1) SMALL BUSINESS DEVELOPMENT CENTER 
GRANTS.—The Administrator of the Small Business 
Administration shall provide grants to small busi-
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ness development centers (as defined in section 3 of 
the Small Business Act (15 U.S.C. 632)) for the 
purposes described in paragraph (2). 
(2) USE OF FUNDS.—Grant funds under this 
subsection shall be used to educate, train, and advise 
owners and employees of small business concerns (as 
defined under section 3 of the Small Business Act 
(15 U.S.C. 632)) on the following matters: 
(A) The hazards of and prevention of the 
transmission and communication of COVID–19 
and similar communicable diseases. 
(B) The potential effects to the supply 
chains, distribution, and sale of products of the 
concern, and the mitigation of such effects, dur-
ing a period of a public health emergency de-
clared because of COVID–19 or a similar com-
municable disease. 
(C) The management and practice of 
telework or remote customer service by elec-
tronic or other means to reduce possible trans-
mission of COVID–19 and other communicable 
diseases. 
(D) The risks and mitigation of cyber 
threats in remote customer service or telework 
practices. 
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(i) consider the extent of the cir-
cumstances relating to the spread of 
COVID–19 or a similar communicable dis-
ease that affect small business concerns 
served by each grant recipient, particularly 
rural areas or economically distressed 
areas; 
(ii) ensure grant recipients comply 
with the requirements of paragraph (2) 
while also ensuring that grant recipients 
may have flexibility in responding to 
unique situations; and 
(iii) encourage grant recipients to de-
velop and provide services to small busi-
ness concerns that are located in areas 
substantially affected by COVID–19. 
(B) PUBLIC AVAILABILITY.—The Adminis-
trator shall make publicly available the method-
ology by which the Administrator and the asso-
ciation jointly developed the metrics and goals 
described in subparagraph (A). 
(5) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated $75,000,000, 
to remain available until expended, to the Adminis-
trator to carry out this subsection. 
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(b) ESTABLISHMENT OF WOMEN’S BUSINESS CEN-
TER
AND SERVICE CORPS
OF RETIRED EXECUTIVES 
GRANTS.— 
(1) IN
GENERAL.—The Administrator of the 
Small Business Administration shall provide grants 
to women’s business centers (as described under sec-
tion 29 of the Small Business Act (15 U.S.C. 656)) 
and to chapters of the Service Corps of Retired Ex-
ecutives (established under section 8(b)(1)(B) of the 
Small Business Act (15 U.S.C. 637(b)(1)(B))) for 
the purposes described in paragraph (2). 
(2) USE OF FUNDS.—Grant funds under this 
subsection shall be used to educate, train, and advise 
owners and employees of small business concerns on 
the following matters: 
(A) The hazards of and prevention of the 
transmission and communication of COVID–19 
and similar communicable diseases. 
(B) The potential effects to the supply 
chains, distribution, and sale of products of the 
concern, and the mitigation of such effects, dur-
ing a period of a public health emergency de-
clared because of COVID–19 or a similar com-
municable disease. 
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(C) The management and practice of 
telework or remote customer service by elec-
tronic or other means to reduce possible trans-
mission of COVID–19 and other communicable 
diseases. 
(D) The risks and mitigation of cyber 
threats in remote customer service or telework 
practices. 
(E) The mitigation of the effects of re-
duced travel or outside activities during a pe-
riod of a public health emergency declared be-
cause of COVID–19 or a similar communicable 
disease. 
(F) Business continuity plans during a pe-
riod of a public health emergency declared be-
cause of COVID–19 or a similar communicable 
disease. 
(G) Any other relevant business practices 
necessary to mitigate any economic effects expe-
rienced during a period of a public health emer-
gency declared because of COVID–19 or a simi-
lar communicable disease. 
(3) AUTHORIZATION
OF
APPROPRIATIONS.— 
There is authorized to be appropriated $25,000,000, 
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to remain available until expended, to the Adminis-
trator to carry out this section. 
(c) REPORT.—Not later than 6 months after the date 
of enactment of this section, and annually thereafter until 
the amounts authorized in subsection (a)(5) and sub-
section (b)(3) have been expended, the Administrator shall 
submit to the Committee on Small Business and Entrepre-
neurship of the Senate and the Committee on Small Busi-
ness of the House of Representatives a report that— 
(1) describes, with respect to the initial year 
covered by the report, the programs and services de-
veloped and provided by the Administrator, small 
business development centers, women’s business cen-
ters, and chapters of the Service Corps of Retired 
Executives in response to a public health emergency 
declared because of COVID–19; and 
(2) describes, with respect to the subsequent 
years covered by the report— 
(A) the efforts of the Administrator, small 
business development centers, women’s business 
centers, and chapters of the Service Corps of 
Retired Executives to develop services to assist 
small business concerns affected by COVID–19; 
(B) the challenges faced by owners of 
small business concerns in accessing services 
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provided by the Administrator, small business 
development centers, women’s business centers, 
and chapters of the Service Corps of Retired 
Executives in response to a public health emer-
gency declared because of COVID–19; 
(C) the number of unique small business 
concerns that were served by the Administrator, 
small business development centers, women’s 
business centers, and chapters of the Service 
Corps of Retired Executives under the pro-
grams established by this section; and 
(D) other relevant performance data with 
respect to small business concerns affected by 
COVID–19, including the number of employees 
affected, the effect on sales of the concern, any 
disruptions of supply chains, and the efforts 
made by the Administrator, small business de-
velopment centers, women’s business centers, 
and chapters of the Service Corps of Retired 
Executives (as applicable) to mitigate these ef-
fects. 
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SEC. 16. WAIVER OF MATCHING FUNDS REQUIREMENT 
UNDER THE WOMEN’S BUSINESS CENTER 
PROGRAM. 
During the 3-month period beginning on the date of 
the enactment of this section, the requirement relating to 
obtaining cash contributions from non-Federal sources 
under section 29(c)(1) of the Small Business Act (15 
U.S.C. 656(c)(1)) is waived for any recipient of assistance 
under such section 29. 
SEC. 17. STATE TRADE EXPANSION PROGRAM. 
(a) REIMBURSEMENT.—The Administrator of the 
Small Business Administration shall reimburse any recipi-
ent of assistance under section 22(l) of the Small Business 
Act (15 U.S.C. 649(l)) for financial losses relating to a 
foreign trade mission or a trade show exhibition that was 
cancelled solely due to a public health emergency declared 
due to COVID–19. 
(b) BUDGET PLAN REVISIONS.—Section 22(l)(3) of 
the Small Business Act (15 U.S.C. 649(l)(3)) is amend-
ed— 
(1) in subparagraph (D)(i), by inserting ‘‘, in-
cluding a budget plan for use of funds awarded 
under this subsection’’ before the period at the end; 
and 
(2) by adding at the end the following new sub-
paragraph: 
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