1.This Act may be cited as the
Small Business Job Creation and Access
to Capital Act of 2009
.
<enum>I</enum><header display-inline="yes-display-inline">Next Steps for Main Street Credit
Availability</header>
<section commented="no" display-inline="no-display-inline" id="H2B3F6BD1C1254B56AD3852F031FB6A2E" section-type="subsequent-section"><enum>101.</enum><header display-inline="yes-display-inline">Section
7<enum-in-header>(a)</enum-in-header> business loans</header>
<subsection commented="no" display-inline="no-display-inline" id="H3B617DAD1C6A4EC29B5B09BC8337CC1F"><enum>(a)</enum><header display-inline="yes-display-inline">Amendment</header><text display-inline="yes-display-inline">Section 7(a) of the Small Business Act (15
U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HF8E1D1BC0957461EA456A8234E5D2FDD"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (2)(A)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H05F18C14973E41A88C4318E8EC40FA33"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>75
percent</quote> and inserting <quote>90 percent</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H079C189D456F476D93F7BB05D399D788"><enum>(B)</enum><text display-inline="yes-display-inline">in clause (ii), by striking <quote>85
percent</quote> and inserting <quote>90 percent</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H82F0AB92574847FDA67041685AF056F2"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)(A), by striking
<quote>$1,500,000 (or if the gross loan amount would exceed $2,000,000</quote>
and inserting <quote>$4,500,000 (or if the gross loan amount would exceed
$5,000,000</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="HC5EF8D299DBD47158A48A33AC49361E9"><enum>(b)</enum><header display-inline="yes-display-inline">Prospective repeal</header><text display-inline="yes-display-inline">Effective January 1, 2011, section 7(a) of
the Small Business Act (15 U.S.C. 636(a)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H0FF05EB5C2A64A5DA0BAAF1928F58BB8"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (2)(A)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H46005CDBAEAE4AD98D8F096856FB5148"><enum>(A)</enum><text display-inline="yes-display-inline">in clause (i), by striking <quote>90
percent</quote> and inserting <quote>75 percent</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HAF1A181657B245BCA439CB03114F457A"><enum>(B)</enum><text display-inline="yes-display-inline">in clause (ii), by striking <quote>90
percent</quote> and inserting <quote>85 percent</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H70CE85E64B26440BB28FE9C82AAA1C3D"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)(A), by striking
<quote>$4,500,000</quote> and inserting <quote>$3,750,000</quote>.</text>
</paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="H4153EB954D7A44B1B537B1835A2B7370" section-type="subsequent-section"><enum>102.</enum><header display-inline="yes-display-inline">Maximum loan amounts under 504
program</header><text display-inline="no-display-inline">Section 502(2)(A) of
the Small Business Investment Act of 1958 (15 U.S.C. 696(2)(A)) is
amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HED345090D6ED47E98EBF0B92ECCC57AD"><enum>(1)</enum><text display-inline="yes-display-inline">in clause (i), by striking
<quote>$1,500,000</quote> and inserting <quote>$5,000,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H815294DADEC0489FBB172EB02D549043"><enum>(2)</enum><text display-inline="yes-display-inline">in clause (ii), by striking
<quote>$2,000,000</quote> and inserting <quote>$5,000,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H2A6297400D604F5699356559EAF1002D"><enum>(3)</enum><text display-inline="yes-display-inline">in clause (iii), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H7F0159FD382D40CE947A3F6DB25EE3C9"><enum>(4)</enum><text display-inline="yes-display-inline">in clause (iv), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="H60A04745FC7D4B878C6A255895D30CAB"><enum>(5)</enum><text display-inline="yes-display-inline">in clause (v), by striking
<quote>$4,000,000</quote> and inserting <quote>$5,500,000</quote>.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="H8BD6DB26168C485197151A58D4D24F94" section-type="subsequent-section"><enum>103.</enum><header display-inline="yes-display-inline">Maximum loan limits under microloan
program</header><text display-inline="no-display-inline">Section 7(m) of the
Small Business Act (15 U.S.C. 636(m)) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="H8C72B3501D3344E6BA1349A127ECBF5F"><enum>(1)</enum><text display-inline="yes-display-inline">in paragraph (1)(B)(iii), by striking
<quote>$35,000</quote> and inserting <quote>$50,000</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HA3560D1B45B74034A31C4E03945D6466"><enum>(2)</enum><text display-inline="yes-display-inline">in paragraph (3)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HF94D3071A55846F4911B4119D09B7F7A"><enum>(A)</enum><text display-inline="yes-display-inline">in subparagraph (C), by striking
<quote>$3,500,000</quote> and inserting <quote>$5,000,000</quote>; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H8699DDC1800B44A28C5DF8F7C85011F5"><enum>(B)</enum><text display-inline="yes-display-inline">in subparagraph (E), by striking
<quote>$35,000</quote> each place that term appears and inserting
<quote>$50,000</quote>; and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H1185B29814BC4A0C90D23381D1552356"><enum>(3)</enum><text display-inline="yes-display-inline">in paragraph (11)(B), by striking
<quote>$35,000</quote> and inserting <quote>$50,000</quote>.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="HFD5503D33E22498B8508DC608A4208A3" section-type="subsequent-section"><enum>104.</enum><header display-inline="yes-display-inline">Temporary fee reductions</header><text display-inline="no-display-inline">Section 501 of the American Recovery and
Reinvestment Act of 2009 (Public Law 111–5; 123 Stat. 151) is amended by
striking <quote>September 30, 2010</quote> each place that term appears and
inserting <quote>December 31, 2010</quote>.</text>
</section><section commented="no" display-inline="no-display-inline" id="H2B217E016DEA48D7BFF29A41BDA755E0" section-type="subsequent-section"><enum>105.</enum><header display-inline="yes-display-inline">New Markets Venture Capital company
investment limitations</header><text display-inline="no-display-inline">Section
355 of the Small Business Investment Act of 1958 (15 U.S.C. 689d) is amended by
adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H590969B5ED8943DEB78D243EB9359709" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="HFC423E14D8C1414B89AFE9B395883D1D"><enum>(e)</enum><header display-inline="yes-display-inline">Investment limitations</header>
<paragraph commented="no" display-inline="no-display-inline" id="H6B3EB5858F2345D5BB10DD0401D41AAF"><enum>(1)</enum><header display-inline="yes-display-inline">Definition</header><text display-inline="yes-display-inline">In this subsection, the term <term>covered
New Markets Venture Capital company</term> means a New Markets Venture Capital
company—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="HB40057EAE32347B48777F6ADD528D487"><enum>(A)</enum><text display-inline="yes-display-inline">granted final approval by the Administrator
under section 354(e) on or after March 1, 2002; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H1E1C97F3574942F7BD43A774AABD0706"><enum>(B)</enum><text display-inline="yes-display-inline">that has obtained a financing from the
Administrator.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="H95FC6B00D73840FA8D1AB8B341CE35FE"><enum>(2)</enum><header display-inline="yes-display-inline">Limitation</header><text display-inline="yes-display-inline">Except to the extent approved by the
Administrator, a covered New Markets Venture Capital company may not acquire or
issue commitments for securities under this title for any single enterprise in
an aggregate amount equal to more than 10 percent of the sum of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="H24F0539AA45C48A99530592ED655D74F"><enum>(A)</enum><text display-inline="yes-display-inline">the regulatory capital of the covered New
Markets Venture Capital company; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="H17269E47594640058FBB9877C887F010"><enum>(B)</enum><text display-inline="yes-display-inline">the total amount of leverage projected in
the participation agreement of the covered New Markets Venture
Capital.</text>
</subparagraph></paragraph></subsection><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="H9540EA6C8BB44544B5DFC388FCDE786A" section-type="subsequent-section"><enum>106.</enum><header display-inline="yes-display-inline">Alternative size standards</header><text display-inline="no-display-inline">Section 3(a) of the Small Business Act (15
U.S.C. 632(a)) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H8B6AAE4D47EA4E3E96C2575F1C8F13EF" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="HC837366FF6324F979CEA1D4EF5FC0606" indent="up1"><enum>(5)</enum><header display-inline="yes-display-inline">Alternative size standard</header>
<subparagraph commented="no" display-inline="no-display-inline" id="H1A02EEEB64064CEDB399ACB87F8DFF75"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Administrator shall establish an
alternative size standard for applicants for business loans under section 7(a)
and applicants for development company loans under title V of the Small
Business Investment Act of 1958 (15 U.S.C. 695 et seq.), that uses maximum
tangible net worth and average net income as an alternative to the use of
industry standards.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="HC7EEABB663934943A98C73F01EAB38AC"><enum>(B)</enum><header display-inline="yes-display-inline">Interim rule</header><text display-inline="yes-display-inline">Until the date on which the alternative
size standard established under subparagraph (A) is in effect, an applicant for
a business loan under section 7(a) or an applicant for a development company
loan under title V of the Small Business Investment Act of 1958 may be eligible
for such a loan if—</text>
<clause commented="no" display-inline="no-display-inline" id="H5B91F90CC212426F9B44BF8566FDBA44"><enum>(i)</enum><text display-inline="yes-display-inline">the maximum tangible net worth of the
applicant is not more than $15,000,000; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H28C37CD675B848F48AF92BB08102FDD5"><enum>(ii)</enum><text display-inline="yes-display-inline">the average net income after Federal income
taxes (excluding any carry-over losses) of the applicant for the 2 full fiscal
years before the date of the application is not more than
$5,000,000.</text>
</clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="H422C7E57A4724D77845C2D70F91BC011" section-type="subsequent-section"><enum>107.</enum><header display-inline="yes-display-inline">Sale of
7<enum-in-header>(a)</enum-in-header> loans in secondary market</header><text display-inline="no-display-inline">Section 5(g) of the Small Business Act (15
U.S.C. 634(g)) is amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="H2A81FD45B4A74281BC65D08FBCAAE2D0" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="H099F50A1C02D43949B9742141CB375F6" indent="up1"><enum>(6)</enum><text display-inline="yes-display-inline">If the amount of the guaranteed portion of
any loan under section 7(a) is more than $500,000, the Administrator shall,
upon request of a pool assembler, divide the loan guarantee into increments of
$500,000 and 1 increment of any remaining amount less than $500,000, in order
to permit the maximum amount of any loan in a pool to be not more than
$500,000. Only 1 increment of any loan guarantee divided under this paragraph
may be included in the same pool. Increments of loan guarantees to different
borrowers that are divided under this paragraph may be included in the same
pool.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</section><section commented="no" display-inline="no-display-inline" id="H2F1F052200DD4170A02D8CDDE2588A92" section-type="subsequent-section"><enum>108.</enum><header display-inline="yes-display-inline">Online lending platform</header><text display-inline="no-display-inline">It is the sense of the Congress that the
Administrator of the Small Business Administration should establish a website
that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="HC9690F74B7CB48F1A91689F38790C501"><enum>(1)</enum><text display-inline="yes-display-inline">lists each lender that makes loans
guaranteed by the Small Business Administration and provides information about
the loan rates of each such lender; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="HD45F2F68DFF24B839F07C0B34ED0F8E4"><enum>(2)</enum><text display-inline="yes-display-inline">allows prospective borrowers to compare
rates on loans guaranteed by the Small Business Administration.</text>
</paragraph></section><enum>II</enum><header display-inline="yes-display-inline">Small Business Access to Capital</header>
<section commented="no" display-inline="no-display-inline" id="H4CB36934FAD54BB4A44120FED109A8BB" section-type="subsequent-section"><enum>201.</enum><header display-inline="yes-display-inline">Low-interest refinancing under the local
development business loan program</header>
<subsection commented="no" display-inline="no-display-inline" id="HAE46F97FF4A443AB85CCE3B0E5F0D8D5"><enum>(a)</enum><header display-inline="yes-display-inline">Refinancing</header><text display-inline="yes-display-inline">Section 502(7) of the Small Business
Investment Act of 1958 (15 U.S.C. 696(7)) is amended by adding at the end the
following:</text>
<quoted-block display-inline="no-display-inline" id="H0DBC17B85FFE4DDA8DE18B8FE43AF896" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="H2165091D0AFA4026AB1E35ED7BE7526F"><enum>(C)</enum><header display-inline="yes-display-inline">Refinancing not involving
expansions</header>
<clause commented="no" display-inline="no-display-inline" id="H07458854172C4648B028F8D04F18876B"><enum>(i)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this subparagraph—</text>
<subclause commented="no" display-inline="no-display-inline" id="HDC92B9B5BFA84619AD6774FFF061D45D"><enum>(I)</enum><text display-inline="yes-display-inline">the term <term>borrower</term> means a
small business concern that submits an application to a development company for
financing under this subparagraph;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="H16D30F05B6004315ABB167CC78A56E4E"><enum>(II)</enum><text display-inline="yes-display-inline">the term <term>eligible fixed asset</term>
means tangible property relating to which the Administrator may provide
financing under this section; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="HE7FDA40AC665497291D4C76D88723E4A"><enum>(III)</enum><text display-inline="yes-display-inline">the term <term>qualified debt</term> means
indebtedness—</text>
<item commented="no" display-inline="no-display-inline" id="HD925EA288AC04446BB31714000F31070"><enum>(aa)</enum><text display-inline="yes-display-inline">that—</text>
<subitem commented="no" display-inline="no-display-inline" id="HDCB00FF7F79C48259418CA75F81CA5CF"><enum>(AA)</enum><text display-inline="yes-display-inline">was incurred not less than 2 years before
the date of the application for assistance under this subparagraph;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="H65FC9D4B4D9D48018782F8105A1D3769"><enum>(BB)</enum><text display-inline="yes-display-inline">is a commercial loan;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="H1A7AB1AA68774E279914C4F7B9F0D043"><enum>(CC)</enum><text display-inline="yes-display-inline">is not subject to a guarantee by a Federal
agency;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="H42C3AC111028462C804B826E48417EC7"><enum>(DD)</enum><text display-inline="yes-display-inline">the proceeds of which were used to acquire
an eligible fixed asset;</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="H739ED88441C047F5970C5703AD780385"><enum>(EE)</enum><text display-inline="yes-display-inline">was incurred for the benefit of the small
business concern; and</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="HB0D9A3B060E04AA7B8DAA8A246359EE4"><enum>(FF)</enum><text display-inline="yes-display-inline">is collateralized by eligible fixed assets;
and</text>
</subitem></item><item commented="no" display-inline="no-display-inline" id="HEFC0D24C0E534C0EB98C8696D52E39B0"><enum>(bb)</enum><text display-inline="yes-display-inline">for which the borrower has been current on
all payments for not less than 1 year before the date of the
application.</text>
</item></subclause></clause><clause commented="no" display-inline="no-display-inline" id="H6EB93502C2F4445489493C9F8B0D5AB9"><enum>(ii)</enum><header display-inline="yes-display-inline">Authority</header><text display-inline="yes-display-inline">A project that does not involve the
expansion of a small business concern may include the refinancing of qualified
debt if—</text>
<subclause commented="no" display-inline="no-display-inline" id="H9051DFE468CC4AD39CA83C9D64D7AF5C"><enum>(I)</enum><text display-inline="yes-display-inline">the amount of the financing is not more
than 80 percent of the value of the collateral for the financing, except that,
if the appraised value of the eligible fixed assets serving as collateral for
the financing is less than the amount equal to 125 percent of the amount of the
financing, the borrower may provide additional cash or other collateral to
eliminate any deficiency;</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="H73111694084F491EA9BADDA86105282A"><enum>(II)</enum><text display-inline="yes-display-inline">the borrower has been in operation for all
of the 2-year period ending on the date of the loan; and</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="H16859673708A450EB6D343DF82476A75"><enum>(III)</enum><text display-inline="yes-display-inline">for a financing for which the Administrator
determines there will be an additional cost attributable to the refinancing of
the qualified debt, the borrower agrees to pay a fee in an amount equal to the
anticipated additional cost.</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="H76C39E65B26D41AF9CD309AEF6584970"><enum>(iii)</enum><header display-inline="yes-display-inline">Financing for business expenses</header>
<subclause commented="no" display-inline="no-display-inline" id="HF32B8DECE34947598D01F59A8FB5D539"><enum>(I)</enum><header display-inline="yes-display-inline">Financing for business
expenses</header><text display-inline="yes-display-inline">The Administrator
may provide financing to a borrower that receives financing that includes a
refinancing of qualified debt under clause (ii), in addition to the refinancing
under clause (ii), to be used solely for the payment of business
expenses.</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="H26DA3B7F9FFB42CAAE0C3495AC22D513"><enum>(II)</enum><header display-inline="yes-display-inline">Application for financing</header><text display-inline="yes-display-inline">An application for financing under
subclause (I) shall include—</text>
<item commented="no" display-inline="no-display-inline" id="H2B4B107C068A43A7A8185550DC6F5BD0"><enum>(aa)</enum><text display-inline="yes-display-inline">a specific description of the expenses for
which the additional financing is requested; and</text>
</item><item commented="no" display-inline="no-display-inline" id="H4FD53FD5624845BC90B825C1AD99C15F"><enum>(bb)</enum><text display-inline="yes-display-inline">an itemization of the amount of each
expense.</text>
</item></subclause><subclause commented="no" display-inline="no-display-inline" id="HB4F29A19A84546BBA33032A67653B2CC"><enum>(III)</enum><header display-inline="yes-display-inline">Condition on additional
financing</header><text display-inline="yes-display-inline">A borrower may not
use any part of the financing under this clause for non-business
purposes.</text>
</subclause></clause><clause commented="no" display-inline="no-display-inline" id="HE88ADA9A597B468BB0D66021221F2E04"><enum>(iv)</enum><header display-inline="yes-display-inline">Loans based on jobs</header>
<subclause commented="no" display-inline="no-display-inline" id="H8E201411E5EA4B73B5E65E47E763F7F4"><enum>(I)</enum><header display-inline="yes-display-inline">Job creation and retention goals</header>
<item commented="no" display-inline="no-display-inline" id="H925A04D8BF5541109D35C43199946B45"><enum>(aa)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Administrator may provide financing
under this subparagraph for a borrower that meets the job creation goals under
subsection (d) or (e) of section 501.</text>
</item><item commented="no" display-inline="no-display-inline" id="HB510DDE441FF41FE83BF5FB31CFADBA4"><enum>(bb)</enum><header display-inline="yes-display-inline">Alternate job retention goal</header><text display-inline="yes-display-inline">The Administrator may provide financing
under this subparagraph to a borrower that does not meet the goals described in
item (aa) in an amount that is not more than the product obtained by
multiplying the number of employees of the borrower by $65,000.</text>
</item></subclause><subclause commented="no" display-inline="no-display-inline" id="H2975DF3486624E6AB97A8C7CFA537227"><enum>(II)</enum><header display-inline="yes-display-inline">Number of employees</header><text display-inline="yes-display-inline">For purposes of subclause (I), the number
of employees of a borrower is equal to the sum of—</text>
<item commented="no" display-inline="no-display-inline" id="HBA3FA4AF2B414C83A1CEFC06A44CA1CB"><enum>(aa)</enum><text display-inline="yes-display-inline">the number of full-time employees of the
borrower on the date on which the borrower applies for a loan under this
subparagraph; and</text>
</item><item commented="no" display-inline="no-display-inline" id="H3E4FB0F6BCA5443A98728D18ABC241AD"><enum>(bb)</enum><text display-inline="yes-display-inline">the product obtained by multiplying—</text>
<subitem commented="no" display-inline="no-display-inline" id="H19E22A52371746ACAB9E2114FCB4B1DD"><enum>(AA)</enum><text display-inline="yes-display-inline">the number of part-time employees of the
borrower on the date on which the borrower applies for a loan under this
subparagraph; by</text>
</subitem><subitem commented="no" display-inline="no-display-inline" id="HB6F7F5A7377F4226B368EAEF93029A88"><enum>(BB)</enum><text display-inline="yes-display-inline">the quotient obtained by dividing the
average number of hours each part time employee of the borrower works each week
by 40.</text>
</subitem></item></subclause></clause><clause commented="no" display-inline="no-display-inline" id="H36CC3DFC68D043EA863F88EA528C17DC"><enum>(v)</enum><header display-inline="yes-display-inline">Nondelegation</header><text display-inline="yes-display-inline">Notwithstanding section 508(e), the
Administrator may not permit a premier certified lender to approve or
disapprove an application for assistance under this subparagraph.</text>
</clause><clause commented="no" display-inline="no-display-inline" id="H5AC04B43DB6042FDA3E70EE60C3B3F64"><enum>(vi)</enum><header display-inline="yes-display-inline">Total amount of loans</header><text display-inline="yes-display-inline">The Administrator may provide not more than
a total of $4,000,000,000 of financing under this subparagraph for each fiscal
year.</text>
</clause></subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H1B4A18CE1B884290AD56775C9B57BABB"><enum>(b)</enum><header display-inline="yes-display-inline">Prospective repeal</header><text display-inline="yes-display-inline">Effective 2 years after the date of the
enactment of this Act, section 502(7) of the Small Business Investment Act of
1958 (15 U.S.C. 696(7)) is amended by striking subparagraph (C).</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="H765B5046D74443DFB16C30013B9BABFA"><enum>(c)</enum><header display-inline="yes-display-inline">Technical correction</header><text display-inline="yes-display-inline">Section 502(2)(A)(i) of the Small Business
Investment Act of 1958 (15 U.S.C. 696(2)(A)(i)) is amended by striking
<quote>subparagraph (B) or (C)</quote> and inserting <quote>clause (ii), (iii),
(iv), or (v)</quote>.</text>
</subsection></section>