In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Example Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Fairness for Homeowners Act of
2007''.

SEC. 2. ORIGINATIONS OF CONSUMER CREDIT TRANSACTIONS SECURED BY THE
CONSUMER'S PRINCIPAL DWELLING.

(a) In General.--The Truth in Lending Act (15 U.S.C. 1601 et seq.)
is amended by inserting after section 129 the following new section:
''Sec. 129A. Originations of consumer credit transactions secured by
the consumer's principal dwelling
''(a) Definitions.--For purposes of this section, the following
definitions shall apply:
''(1) Fully indexed rate.--The term 'fully indexed rate'
equals the index rate prevailing at the time a consumer credit
transaction secured by a consumer's principal dwelling is
originated, plus the margin that will apply after the
expiration of an introductory interest rate.
''(2) Mortgage broker.--The term 'mortgage broker' means
any person who is defined as a mortgage broker under applicable
State law.
''(b) Requirements for Originators.--
''(1) Ability to pay.--
''(A) In general.--No creditor or mortgage broker
may make, provide, or arrange for any consumer credit
transaction secured by a consumer's principal dwelling
without verifying the consumer's reasonable ability to
pay the scheduled payments of the following, as
applicable: principal; interest; real estate taxes;
homeowner's insurance, assessments, and mortgage
insurance premiums.
''(B) Variable interest rate.--In the case of any
consumer credit transaction secured by a consumer's
principal dwelling for which the applicable annual
percentage rate may vary over the life of the credit,
the reasonable ability to pay shall be determined, for
purposes of this paragraph, on the basis of a fully
indexed rate plus 200 basis points and a repayment
schedule which achieves full amortization over the life
of the extension of credit.
''(C) Verification of consumer income and financial
resources.--In the case of any consumer credit
transaction secured by a consumer's principal dwelling,
the income and financial resources of the consumer
shall be verified for purposes of this paragraph by tax
returns, payroll receipts, bank records, or other
similarly reliable documents.
''(D) Other criteria.--No provision of this
paragraph shall be construed as prohibiting reliance on
criteria other than a consumer's income and financial
resources to establish the reasonable ability of the
consumer to repay any consumer credit transaction
secured by the consumer's principal dwelling, to the
extent such other criteria are also verified through
reasonably reliable methods and documentation.
''(E) Consumer statement is insufficient proof.--A
statement by a consumer of the consumer's income or
financial resources shall not be sufficient to
establish the existence of any income or financial
resources when verifying the reasonable ability of the
consumer to repay any consumer credit transaction
secured by the consumer's principal dwelling, for
purposes of this paragraph.
''(2) Prohibition on steering.--No creditor or mortgage
broker may make, provide, or arrange for any consumer credit
transaction secured by a consumer's principal dwelling that is
of a lower investment grade if--
''(A) the consumer's credit score; or
''(B) comparable underwriting data, in any case in
which the creditor or mortgage broker does not utilize
credit scoring or a credit score for the consumer is
unavailable,
indicates that the borrower may qualify for a consumer credit
transaction, available from or through the creditor or mortgage
broker, that is of a higher investment grade.
''(3) Prohibition on prepayment penalties for arms.--
''(A) In general.--In the case of any consumer
credit transaction secured by a consumer's principal
dwelling that provides for variable rates of interest
on the credit extended under the transaction, the
transaction may not contain terms under which a
consumer must pay a prepayment penalty for paying all
or part of the principal before the date on which the
principal is due.
''(B) Exclusion for jumbo mortgages.--Subparagraph
(A) shall not apply to any consumer credit transaction
secured by a consumer's principal dwelling the
principal amount (as defined in subsection (c)(2)) of
which exceeds the maximum dollar amount limitation (for
a residence of the applicable size) on the amount of
the principal obligation of a mortgage for a 1- to 4-
family residence that may be purchased by the Federal
Home Loan Mortgage Corporation, as then in effect
pursuant to section 305(a)(2) of the Federal Home Loan
Mortgage Corporation Act.
''(c) Limitation on Financed Points, Charges, and Fees.--
''(1) In general.--No creditor or mortgage broker may, in
connection with any consumer credit transaction secured by the
consumer's principal dwelling, include in the principal amount
of such transaction any portion of any qualified finance charge
in excess of the amount which is equal to 5 percent of the
principal amount of the transaction.
''(2) Definitions.--For purposes of this subsection, the
following definitions shall apply:
''(A) Qualified finance charge.--The term
'qualified finance charge' means the sum of--
''(i) the finance charge as determined
under section 106, minus any interest and time
price differential; and
''(ii) all compensation paid to a mortgage
broker from any source in connection with this
transaction.
''(B) Principal amount.--The term 'principal
amount' means--
''(i) in the case of any consumer credit
transaction under an open end credit plan
secured by the consumer's principal dwelling,
the maximum amount of credit that may be
extended under the terms of such plan as
determined without taking into account any
amount included in determining the finance
charge under section 106; and
''(ii) in the case of any other consumer
credit transaction secured by a consumer's
principal dwelling, the amount financed (as
defined in section 138(a)(2)).
''(3) Prohibition on excessive finance charges.--No
creditor or mortgage broker may, in connection with any
consumer credit transaction secured by the consumer's principal
dwelling, impose or receive any amount included in determining
the qualified finance charge for such transaction that exceeds
the amount which is equal to 5 percent of the principal amount
of the transaction.
''(4) Exception.--This subsection shall not apply to any
consumer credit transaction secured by the consumer's principal
dwelling that is ensured or guaranteed by the Secretary of
Housing and Urban Development, the Secretary of Veterans
Affairs, or the Farmers Home Administration.
''(d) Mortgage Broker Duties of Agency.--
''(1) In general.--Any mortgage broker acting to obtain or
arrange for any consumer credit transaction secured by the
consumer's principal dwelling shall be considered to have an
agency relationship with the consumer in all cases by operation
of law and shall comply with the following duties:
''(A) Mortgage brokers shall act in the consumer's
best interest and in the utmost good faith toward each
consumer and shall not compromise a consumer's right or
interest in favor of another's right or interest,
including a right or interest of the mortgage broker.
''(B) A mortgage broker shall not accept, give, or
charge any undisclosed compensation or realize any
undisclosed remuneration, either through direct or
indirect means, that inures to the benefit of the
mortgage broker on an expenditure made for the
consumer.
''(C) Mortgage brokers shall carry out all lawful
instructions given by the consumer.
''(D) Mortgage brokers shall disclose to consumers
all material facts of which the mortgage broker has
knowledge which might reasonably affect the consumer's
rights, interests, or ability to receive the consumer's
intended benefit from the consumer credit transaction,
but not facts which are reasonably susceptible to the
knowledge of the consumer.
''(E) Mortgage brokers shall use reasonable care in
performing duties.
''(F) Mortgage brokers shall account to a consumer
for all the consumer's money and property received as
agent.
''(2) Scope.--The duty of agency between mortgage broker
and consumer applies when the mortgage broker is acting in the
capacity of mortgage broker providing mortgage brokerage
services with respect to any consumer credit transaction
secured by the consumer's principal dwelling for which the
broker is not the creditor.
''(3) Rules of construction.--
''(A) Fees for services rendered.--No provision of
this subsection shall be construed as prohibiting a
mortgage broker from contracting for or collecting a
fee for services rendered which had been disclosed to
the consumer in advance of the provision of such
services.
''(B) Duty of broker.--No provision of this
subsection shall be construed as requiring a mortgage
broker--
''(i) to obtain or arrange for any consumer
credit transaction secured by the consumer's
principal dwelling on behalf of a consumer that
contains terms or conditions not available to
the mortgage broker in the mortgage broker's
usual course of business; or
''(ii) to obtain or arrange for any
consumer credit transaction secured by the
consumer's principal dwelling from a creditor
with whom the mortgage broker does not have a
business relationship.
''(e) Independent Verification of Consumer Counseling Before
Refinancing Special Mortgages.--
''(1) In general.--No creditor or mortgage broker may make,
provide, or arrange for any consumer credit transaction secured
by the consumer's principal dwelling all or a portion of the
proceeds of which are used to fully or partially pay off a
special mortgage unless the borrower has obtained a written
certification from an authorized independent loan counselor
that the borrower has received counseling on the advisability
of the transaction.
''(2) Definitions.--For purposes of this section, the
following definitions shall apply:
''(A) Special mortgage.--The term 'special
mortgage' means any consumer credit transaction secured
by the consumer's principal dwelling that was
originated, subsidized, funded, or guaranteed by or
through a State, tribal, or local government, or
nonprofit organization, that bears 1 or more of the
following nonstandard payment terms which substantially
benefit the consumer:
''(i) Payments vary with income.
''(ii) Payments of principal or interest
are not required or can be deferred under
specified conditions.
''(iii) Principal or interest is forgivable
under specified conditions.
''(iv) Either no interest or an annual
interest rate of 2 percent or less is charged
in connection with the loan.
''(B) Authorized loan counselor.--The term
'authorized independent loan counselor' means any
nonprofit, third-party individual or organization
providing homebuyer education programs, foreclosure
prevention services, mortgage loan counseling, or
credit counseling that is certified by the Secretary of
Housing and Urban Development, or certified by any
State housing agency or nonprofit organization
designated by such Secretary, for such purposes.
''(f) Minimum Financial Requirements for Mortgage Brokers.--No
mortgage broker may obtain or arrange for any consumer credit
transaction secured by the consumer's principal dwelling unless at all
times the mortgage broker--
''(1) maintains a minimum net worth, net of intangibles, of
at least $500,000, as determined in accordance with generally
accepted accounting principles; or
''(2) maintains a surety bond or irrevocable letter of
credit in the amount of $50,000.
''(g) Enforcement.--For purposes of providing a cause of action for
any failure by a mortgage broker to comply with any requirement imposed
under this section, section 130(a) shall be applied with respect to any
such failure--
''(1) by substituting 'mortgage broker' for 'creditor' each
place such term appears in such section; and
''(2) by treating all qualified finance charges (as defined
in subsection (c)(2)(A)) incurred in the origination of any
consumer credit transaction secured by the consumer's principal
dwelling as actual damages sustained by the consumer as a
result of the failure.
''(h) Exclusion of Reverse Mortgages.--This section shall not apply
with respect to any consumer mortgage transaction that constitutes a
reverse mortgage.''.
(b) Technical and Conforming Amendments.--The Truth in Lending Act
is amended--
(1) in section 103 (u) (15 U.S.C. 1602(u)), by striking
''and the disclosures required by section 129(a)'' and
inserting ''and the provisions of section 129 and 129A''; and
(2) in section 130 (15 U.S.C. 1640), by inserting ''or
129A'' after section 129 each place such term appears.
(c) Clerical Amendment.--The table of sections for chapter 2 of the
Truth in Lending Act is amended by inserting after the item relating to
section 129 the following new item:

''129A. Originations of consumer credit transactions secured by the
consumer's principal dwelling.''.
Example Output: Fairness for Homeowners Act of 2007 - Amends the Truth in Lending Act to prohibit any creditor or mortgage broker from making, providing, or arranging for any consumer credit transaction secured by a consumer's principal dwelling without verifying the consumer's reasonable ability to make the scheduled payments of principal, interest (including variable interest), real estate taxes, homeowner's insurance, assessments, and mortgage insurance premiums.

Prescribes criteria for determining the reasonable ability to make such payments.

Prohibits steering (arranging for a lower investment grade credit transaction if the consumer qualifies for a higher investment grade transaction) and prepayment penalties for adjustable rate mortgages (ARMs) that are not jumbo mortgages.

Limits financed points, finance charges, and fees to 5% of a transaction's principal, unless the transaction is ensured or guaranteed by the Secretary of Housing and Urban Development, the Secretary of Veterans Affairs, or the Farmers Home Administration.

Specifies duties of agency for mortgage brokers acting to obtain or arrange for any consumer credit transaction secured by the consumer's principal dwelling.

Requires creditors and mortgage brokers to obtain independent verification that a borrower seeking to refinance a special mortgage has received counseling on the transaction's advisability. Defines "special mortgage" as one that: (1) was originated, subsidized, funded, or guaranteed by or through a state, tribal, or local government, or nonprofit organization; and (2) bears one or more specified nonstandard payment terms which substantially benefit the consumer.

Prescribes minimum financial requirements for mortgage brokers.

Excludes reverse mortgages from coverage by this Act.

Example Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''National Forest Foundation
Conservation Act''.

SEC. 2. AMENDMENTS TO NATIONAL FOREST FOUNDATION ACT.

(a) Provision of Administrative Support.--Subsection (c) of section
405 of the National Forest Foundation Act (16 U.S.C. 583j-3) is amended
to read as follows:
''(c) Administrative Assistance.--(1) Subject to such limitations,
terms, and conditions as the Secretary may establish, the Secretary
may--
''(A) detail personnel of the Department of Agriculture to
assist the Foundation; and
''(B) provide the Foundation with Department of Agriculture
facilities, equipment, supplies, and other administrative
services (including Government-contracted transportation and
travel services).
''(2) Assistance under paragraph (1) may be provided for partial or
no reimbursement, as the Secretary considers appropriate.''.
(b) Matching Funds.--
(1) Extension and expansion of authority; source of
funds.--Section 410 of the National Forest Foundation Act (16
U.S.C. 583j-8) is amended to read as follows:

''SEC. 410. AVAILABILITY OF FUNDS TO MATCH FOUNDATION CONTRIBUTIONS.

''For the purposes of section 405 of this title, during the five-
year period beginning on October 1, 1997, the Secretary may make
available to the Foundation from benefiting Forest Service
appropriations up to $5,000,000 each fiscal year to match, on a one-
for-one basis, private contributions made to the Foundation.''.
(2) Conforming amendments.--Section 405 of the National
Forest Foundation Act (16 U.S.C. 583j-3) is amended--
(A) by striking subsection (a);
(B) in subsection (b)--
(i) by striking ''In addition to the
startup funds provided under subsection (a) of
this section, for'' and inserting ''For'';
(ii) by striking ''October 1, 1992,'' and
inserting ''October 1, 1997,''; and
(iii) by striking ''section 410(b)'' and
inserting ''section 410''; and
(C) by redesignating subsections (b) and (c) as
subsections (a) and (b), respectively.
(3) Effect of amendments.--The amendments made by this
subsection shall not affect the availability or use of funds
made available for fiscal year 1997 under sections 405(b) and
410(b) of the National Forest Foundation Act, as in effect on
the day before the date of the enactment of this Act.
(c) Use of Interest and Other Investment Income.--Section 404 of
the National Forest Foundation Act (16 U.S.C. 583j-2) is amended by
adding at the end the following new subsection:
''(f) Use of Interest and Other Investment Income.--Interest and
other investment income earned (before, on, or after the date of the
enactment of this subsection) by the Foundation and its subgrantees on
Federal funds received from the Secretary under section 405, but not
immediately disbursed, may be used by the Foundation to carry out the
purposes of the Foundation under section 402(b).''.
(d) Exception From Audit Reporting and Compliance Requirements.--
Section 407(a) of the National Forest Foundation Act (16 U.S.C. 583j-
5(a)) is amended by adding at the end the following new sentence: ''A
subgrantee of the Foundation shall be exempt from the audit reporting
and compliance requirements of Office of Management and Budget Circular
A-133 (or any successor administrative regulation or policy) in the
case of grants of $250,000 or less.''.
(e) Licensing Use of Symbols; Violations.--Section 404 of the
National Forest Foundation Act (16 U.S.C. 583j-2) is amended--
(1) in subsection (d)(3), by inserting ''license,'' after
''lease,''; and
(2) by inserting after subsection (f), as added by
subsection (c) of this section, the following new subsections:
''(g) Licensing Use of Symbols.--(1) To further the purposes of the
Foundation under section 402(b), the Foundation shall have exclusive
authority to license or authorize persons to use trademarks,
tradenames, signs, symbols, emblems, insignia, logos, likenesses, or
slogans to represent, promote, or advertise that an individual,
company, or particular good or service is an official sponsor or
supporter of the Forest Service, the National Forest System, or any
unit thereof. Any license or authorization provided by the Foundation
under this paragraph shall be subject to the prior written approval of
the Secretary, who may not delegate this authority.
''(2) All net income derived from licenses and authorizations
provided under paragraph (1) shall be expended by the Foundation in
accordance with policies and priorities of the Forest Service on
programs, projects, or activities that benefit the National Forest
System or the Forest Service, as identified by the Secretary in
consultation with the Foundation.
''(3) Nothing in this subsection shall affect the authority of the
Secretary under Public Law 93-318 (16 U.S.C. 580p et seq.) relating to
the name and character of 'Smokey Bear', and the name and character of
'Woodsy Owl'.
''(4) The authority provided to the Foundation by paragraph (1)
shall expire on September 30, 2003.
''(h) Violation of Licensing Requirements.--Except as provided in
subsection (g), no person may use for commercial purposes any
trademark, tradename, sign, symbol, emblem, insignia, slogan, or
related artistic design belonging to the Forest Service. Whoever,
without the authorization of the Foundation under subsection (g), uses
for purposes of trade, to induce the sale of any good or service, to
promote any commercial activity, or for other commercial purpose, the
name of the Foundation or any trademark, tradename, sign, symbol,
emblem, insignia, logo, likeness, or slogan referred to in subsection
(g), or any facsimile or simulation thereof tending to cause confusion,
to cause mistake, to deceive, or to suggest falsely that an individual,
company, or particular good or service is an official sponsor or
official supporter of the National Forest System or the Forest Service,
shall be subject to suit in a civil action by the Foundation for the
remedies provided in title VI of the Act of July 5, 1946 (commonly
referred to as the Trademark Act of 1946; 15 U.S.C. 1114 et seq.).''.
(f) Reporting Requirements.--Section 407 of the National Forest
Foundation Act (16 U.S.C. 583j-5) is amended by adding at the end the
following new subsection:
''(c) Report on Licensing Activities.--Not later than 5 years after
the date of the enactment of this subsection, the Secretary shall
submit to the Committee on Resources of the House of Representatives
and the Committee on Energy and Natural Resources of the Senate a
report assessing the cost, effectiveness, and effects of the licensing
and authorization program established pursuant to section 404(g). The
report shall include a recommendation regarding the desirability of
extending the authority provided in such section beyond the expiration
date specified in paragraph (4) of such section and assessments of the
effect of such program on--
''(1) visitation levels in the National Forest System;
''(2) the image of the National Forest System;
''(3) achievement of the needs and priorities of the Forest
Service;
''(4) appropriations for the National Forest System; and
''(5) the costs of the Foundation and the Secretary to
administer the program.''.
Example Output: National Forest Foundation Conservation Act - Amends the National Forest Foundation Act to extend matching fund authority for the National Forest Foundation.
Authorizes the Foundation to license the use of symbols, trademarks, or logos.

Example Input: SECTION 1. PRIVATE DISASTER LOANS.

(a) In General.--Section 7 of the Small Business Act (15 U.S.C.
636) is amended--
(1) by redesignating subsections (c) and (d) as subsections
(d) and (e), respectively; and
(2) by inserting after subsection (b) the following:
''(c) Private Disaster Loans.--
''(1) Definitions.--In this subsection--
''(A) the term 'disaster area' means a county,
parish, or similar unit of general local government in
which a disaster was declared under subsection (b);
''(B) the term 'eligible small business concern'
means a business concern that is--
''(i) is a small business concern, as
defined in this Act; or
''(ii) is a small business concern, as
defined in section 103 of the Small Business
Investment Act of 1958; and
''(C) the term 'qualified private lender' means any
privately-owned bank or other lending institution that
the Administrator determines meets the criteria
established under paragraph (10).
''(2) Authorization.--The Administrator may guarantee
timely payment of all principal and interest as scheduled on
any loan issued--
''(A) by a qualified private lender to an eligible
small business concern located in a disaster area; and
''(B) during the 24-month period beginning on the
date on which the disaster area is designated.
''(3) Use of loans.--A loan guaranteed by the Administrator
under this subsection may be used for--
''(A) any purpose authorized under subsection (a)
or (b); and
''(B) acquiring or developing real estate for the
purpose of selling or renting such real estate.
''(4) Online applications.--
''(A) In general.--
''(i) Establishment.--The Administrator may
establish, directly or through an agreement
with another entity, an online application
process for loans guaranteed under this
subsection.
''(ii) Other federal assistance.--The
Administrator may coordinate with the head of
any other appropriate Federal agency so that
any application submitted through an online
application process established under clause
(i) may be considered for any other Federal
assistance program for disaster relief.
''(B) Contents.--
''(i) In general.--An online application
process established under subparagraph (A)
shall allow an applicant for a guarantee under
this subsection to specify the qualified
private lender from which the applicant seeks
to obtain a loan.
''(ii) Offers for loans.--
''(I) In general.--If an applicant
does not specify a qualified private
lender under clause (i), any qualified
private lender may be selected to or
opt to consider the application.
''(II) Process.--The Administrator
may, via the online process or another
predetermined and objective process,
determine a means of distributing or
otherwise making available for
consideration applications where a
qualified private lender has not been
specified by the applicant.
''(5) Refinancing.--A loan guaranteed under this subsection
may be used to refinance any debt under this Act or the Small
Business Investment Act of 1958.
''(6) Maximum amounts.--
''(A) Guarantee percentage.--The Administrator may
guarantee not more than 85 percent of a loan under this
subsection.
''(B) Loan amounts.--The maximum amount of a loan
guaranteed under this subsection shall be $3,000,000.
''(7) Loan term.--The longest term of a loan for a loan
guaranteed under this subsection shall be--
''(A) 15 years for any loan that is issued without
collateral; and
''(B) 25 years for any loan that is issued with
collateral.
''(8) Fees.--
''(A) In general.--The Administrator may not
collect a guarantee fee under this subsection.
''(B) Origination fee.--The Administrator shall pay
a qualified private lender an origination fee for a
loan guaranteed under this subsection equal to
/100\
of 1 percent of the amount of the loan.
''(9) Documentation.--A qualified private lender may use
its own loan documentation for a loan guaranteed by the
Administrator, to the extent authorized by the Administrator,
except that the Administrator may not require such use by
regulation, or otherwise.
''(10) Implementation.--
''(A) In general.--Not later than 30 days after the
date of enactment of this subsection, the Administrator
shall--
''(i) establish interim criteria for
qualified private lenders; and
''(ii) begin accepting applications from
banks and lending institutions.
''(B) Regulations.--
''(i) In general.--Not later than 90 days
after the date of enactment of this subsection,
the Administrator shall promulgate regulations
establishing permanent criteria for qualified
private lenders.
''(ii) Existing qualified private
lenders.--A bank or lending institution that
the Administrator determined met the criteria
established under subparagraph (A)(i) may
continue to operate as a qualified private
lender if the Administrator determines that
such bank or lending institution meets the
criteria established under clause (i).
''(11) Other assistance.--The fact that a small business
concern receives assistance under this subsection shall not
preclude such business concern from receiving other assistance
under this Act.
''(12) Authorization of appropriations.--
''(A) In general.--Amounts necessary to carry out
this subsection shall be made available from amounts
appropriated to the Administration under subsection
(b).
''(B) Authority to reduce interest rates.--Funds
appropriated to the Administration to carry out this
subsection, may be used by the Administrator, to the
extent available, to reduce the applicable rate of
interest for a loan guaranteed under this subsection by
not more than 3 percentage points.''.
(b) Effective Date.--
(1) In general.--The amendments made by this section shall
apply to disasters declared under section 7(b)(2) of the Small
Business Act (631 U.S.C. 636(b)(2)) before, on, or after the
date of enactment of this Act.
(2) Construction.--For any disaster described in paragraph
(1) that was declared before the date of enactment of this Act,
the 24-month period described in section 7(c)(2)(B) of the
Small Business Act, as amended by this Act, shall begin on the
date on which such disaster was declared.

SEC. 2. TECHNICAL AND CONFORMING AMENDMENTS.

The Small Business Act (15 U.S.C. 631 et seq.) is amended--
(1) in section 4(c)--
(A) in paragraph (1), by striking ''7(c)(2)'' and
inserting ''7(d)(2)''; and
(B) in paragraph (2)--
(i) by striking ''7(c)(2)'' and inserting
''7(d)(2)''; and
(ii) by striking ''7(e),''; and
(2) in section 7(b), in the undesignated matter following
paragraph (3)--
(A) by striking ''That the provisions of paragraph
(1) of subsection (c)'' and inserting ''That the
provisions of paragraph (1) of subsection (d)''; and
(B) by striking ''Notwithstanding the provisions of
any other law the interest rate on the Administration's
share of any loan made under subsection (b) except as
provided in subsection (c),'' and inserting
''Notwithstanding any other provision of law, and
except as provided in subsection (d), the interest rate
on the Administration's share of any loan made under
subsection (b)''.
Example Output:
Amends the Small Business Act to authorize the Administrator of the Small Business Administration to guarantee timely payment of principal and interest on any loan issued by a qualified private lender to an eligible small business concern located in a disaster area during the 24-month period in which it has been designated as a disaster area.

Permits such loans to be used for acquiring or developing real estate for selling or rental purposes, or to refinance any debt under this Act, or the Small Business Investment Act of 1958.

Authorizes the Administrator to establish an on-line application process for loans guaranteed under this Act.