[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6312 Introduced in House (IH)]

<DOC>






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. Velazquez 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 Representatives 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.
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 
                            centers, and chapters of the Service Corps 
                            of Retired Executives.
Sec. 15. Grant programs for small business development centers, women's 
                            business centers, and chapters of the 
                            Service Corps of Retired Executives.
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 section, 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 proceeds 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:
            (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 borrower that meets the 
        eligibility standards of such section 7(a).
            (2) To provide benefits to employees of the eligible 
        borrower, including group life insurance, disability insurance, 
        sick leave, annual leave, educational 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 software for a 
        shift to telework or remote work for employees 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 interest) in 
        an amount not to exceed 50 percent of the amount of the debt.
            (7) To provide floor plan financing or other revolving 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 eligible 
        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.
            (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 decline to make a loan 
under this section to an otherwise eligible borrower due solely to 
inadequate collateral. The Administrator shall accept any available 
collateral, including subordinated liens, to secure a loan made under 
this section.
    (f) Forgiveness.--If an eligible borrower that receives loan 
proceeds under this section demonstrates to the Administrator that the 
number of employees of such eligible 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 paragraph (2), the 
        Administrator of the Small Business Administration may not make 
        a loan under this section after September 30, 2022.
            (2) Extension.--The Administrator may extend authority to 
        make loans under this section by an additional 6 months by 
        notifying Congress, in writing, within 10 calendar days before 
        any extension.
    (h) Emergency Rulemaking Authority.--
            (1) In general.--Within 15 days after the date of the 
        enactment of this section, the Administrator of the Small 
        Business Administration--
                    (A) shall issue rules to carry out this section; 
                and
                    (B) may issue rules to establish a secondary market 
                for loans made under this section.
            (2) Notice.--The notice requirements of section 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 necessary 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 PROGRAM.

    (a) In General.--The Administrator of the Small Business 
Administration shall carry out a program to guarantee loans to eligible 
borrowers, made by banks or other lenders.
    (b) Eligible Borrower Defined.--In this section, 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 proceeds 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 borrower that meets the 
        eligibility standards of such section 7(a).
            (2) To provide benefits to employees of the eligible 
        borrower, including group life insurance, disability insurance, 
        sick leave, annual leave, educational 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 software for a 
        shift to telework or remote work for employees 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 interest) in 
        an amount not to exceed 50 percent of the amount of the debt.
            (7) To provide floor plan financing or other revolving 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 eligible 
        borrower with the necessary items specified by any public 
        health authority to mitigate the spread of COVID-19.
    (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 disbursed 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 Administrator of the Small 
        Business Administration.
            (4) Interest.--The Administrator and participating 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 Business 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 Administrator 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 receives loan 
proceeds under this section demonstrates to the Administrator that the 
number of employees of such eligible 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 paragraph (2), the 
        Administrator of the Small Business Administration may not 
        guarantee a loan under this section after September 30, 2022.
            (2) Extension.--The Administrator may extend authority to 
        guarantee loans under this section by an additional 6 months by 
        notifying Congress, in writing, within 10 calendar days before 
        any extension.
    (j) Emergency Rulemaking Authority.--
            (1) In general.--Within 15 days after the date of the 
        enactment of this section, the Administrator of the Small 
        Business Administration--
                    (A) shall issue rules to carry out this section; 
                and
                    (B) may issue rules to establish a secondary market 
                for loans made under this section.
            (2) Notice.--The notice requirements of section 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.

SEC. 4. ECONOMIC INJURY GRANTS FOR SMALL BUSINESS CONCERNS.

    (a) Grants.--The Administrator of the Small Business Administration 
shall provide grants to eligible small business concerns that have 
suffered a substantial economic 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 because 
of COVID-19.
    (b) Definition of Eligible Small Business Concern.--In this 
section, the term ``eligible small business 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 concern 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 unable to work;
            (2) maintaining payroll to retain employees during business 
        disruptions or substantial slowdowns;
            (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 business 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 information as the Administration may require.
            (2) Standards.--The Administrator shall establish 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 requirements 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 Administrator 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 section, 
        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;
                    (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 improvement;
            (4) the average time from receipt of an application 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 section 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
            (3) shall, with respect to such a loan made to a 
        cooperative, waive any requirement that the borrower 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 request that the Administrator provide 
        an advance in the amount requested by such applicant (not to 
        exceed $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 subsequently denied a 
        loan under such section 7(b)(2) shall not be required to repay 
        any amounts of an advance provided under this subsection.
    (c) Approval and Ability To Repay for Small Dollar Loans.--With 
respect to a loan made under section 7(b)(2) of the Small Business Act 
(15 U.S.C. 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 require an applicant to 
        submit a tax return or a tax return transcript for such 
        approval; or
            (2) use alternative appropriate methods to determine an 
        applicant's ability to repay.
    (d) Emergencies Involving Federal Primary Responsibility Qualifying 
for Small Business Administration 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 subparagraph (E);
            (5) by inserting after subparagraph (C) the following:
                    ``(D) an emergency involving Federal primary 
                responsibility determined to exist by the President 
                under the section 501(b) of the Robert 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 occurred'';
                    (D) by striking ``such disaster'' and inserting 
                ``such disaster or emergency''; and
                    (E) by striking ``disaster stricken'' and inserting 
                ``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 further, that for purposes of 
        subparagraph (D), the Administrator shall deem that such an 
        emergency affects each State or subdivision thereof (including 
        counties), and that each State or subdivision has sufficient 
        economic damage to small business concerns to qualify for 
        assistance under this paragraph and the Administrator shall 
        accept applications for such assistance immediately.''.
    (e) Credit Elsewhere Requirements.--The flush matter following 
subparagraph (E) (as so redesignated) 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 elsewhere.'' 
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 Business Act is 
amended by striking ``small agricultural cooperative'' 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 
        continuity-of-operations and risk mitigation improvements, 
        including telework capability, offsite record keeping, 
        redundancy, the administrative costs of establishing paid sick 
        leave, and presenteeism prevention.
            (2) Definition.--In this section, the term ``eligible small 
        business concern'' means a small business concern that--
                    (A) meets the applicable size standard established 
                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 ``Administrator'' mean 
        the Small Business Administration and the Administrator 
        thereof; and
            (2) the term ``covered loan'' means a loan that is--
                    (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 
                        Investment 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 Congress 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 increases in debt payments resulting from 
        deferments provided by lenders during the period of the 
        national emergency declared by the President under the National 
        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 beginning 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 enactment of this 
                section and ending on the date that is 6 months after 
                such date of enactment, 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 Federal Deposit 
        Insurance Corporation, the Office of the Comptroller of the 
        Currency, and State bank regulators to encourage those entities 
        to not require lenders to increase their reserves on account of 
        receiving 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
            (3) when necessary to provide more time because of the 
        potential of higher volumes, travel restrictions, 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 Administration) 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 payment default.
    (e) Rule of Construction.--Nothing in this section may be construed 
to limit the authority of the Administrator 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.--
            (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 approved 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 Business Act (15 
                U.S.C. 636(a)(23)(A)), collect no fee or reduce fees to 
                the maximum extent possible; and
                    (B) in lieu of the fee otherwise applicable under 
                section 7(a)(18)(A) of the Small Business Act (15 
                U.S.C. 636(a)(18)(A)), collect no fee or reduce fees to 
                the maximum extent possible.
            (2) Application of fee eliminations or reductions.--To the 
        extent that amounts are made available to the Administrator for 
        the purpose of fee 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 section 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 
        appropriations, 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--
                    (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 Regulations (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 appropriations, 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 development 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 
                pursuant to paragraph (1)(B).

SEC. 8. GUARANTEE AMOUNTS.

    (a) Purpose.--The purpose of this section is to increase 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 follows through the period at the end and inserting ``or 
        the Community Advantage Pilot Program of the Administration), 
        such participation by the Administration shall be equal to 90 
        percent of the balance of the financing outstanding at the time 
        of disbursement 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 agreement to 
                participate in a loan on a deferred basis under this 
                subsection (including a loan made under the Preferred 
                Lenders Program), such participation by the 
                Administration shall be equal to--
                            ``(i) 75 percent of the balance of the 
                        financing outstanding at the time of 
                        disbursement of the loan, if such balance 
                        exceeds $150,000; or
                            ``(ii) 85 percent of the balance of the 
                        financing outstanding at the time of 
                        disbursement 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 percent.'' 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
                    (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 temporarily 
increase the maximum loan size in order to expand 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.
    (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 beginning on the date of 
enactment of this section and ending on September 30, 2021, with 
respect to each project or loan guaranteed by the Administrator 
pursuant to title V of the Small Business Investment Act of 1958 (15 
U.S.C. 695 et seq.) for which an application is approved or 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 Manufacturers.--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''.

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 assistance 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 aggregate,''; 
                        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 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 
                                        participation 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 following:
                    ``(G) Grant amounts based on appropriations.--In 
                any fiscal year in which the amount appropriated to 
                make grants under subparagraph (A) is sufficient to 
                provide to 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 subsection, 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 inserting 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 paragraph (1)(A), is further 
        amended--
                    (A) by striking ``$10,000,000'' and by inserting 
                ``$7,000,000''; and
                    (B) by striking ``$4,500,000'' and inserting 
                ``$3,000,000''.
    (c) Temporary Waiver of Technical Assistance Grants Matching 
Requirements and Flexibility on Pre- and Post-Loan Assistance.--During 
the period 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 Business Act (15 U.S.C. 
        636(m)(4)(B)); and
            (2) the limitation on amounts allowed to be expended to 
        provide information and technical assistance 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 Borrowers.--
            (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 extended to not 
                more than 8 years; and
                    (B) to a new borrower may be not more than 8 years.
            (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 
        Administrator.
    (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 authorized 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 addition to amounts 
provided under the Consolidated Appropriations 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 appropriated 
for fiscal year 2020, to remain available until expended--
            (1) $50,000,000 to provide technical assistance grants 
        under such section 7(m); and
            (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 investment.--
                            ``(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 excluded is used 
                        exclusively for working capital purposes.
                            ``(ii) Covered small business defined.--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.''.
    (b) Application.--Notwithstanding any other provision 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 CENTERS, WOMEN'S BUSINESS 
              CENTERS, AND CHAPTERS OF THE SERVICE CORPS OF RETIRED 
              EXECUTIVES.

    (a) In General.--The Administrator of the Small Business 
Administration shall provide grants to small business development 
centers, women's business centers, 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 related 
        technical or electronic equipment to ensure that employees of 
        small business development centers, 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 employees of small 
        business development centers, women's business centers, and 
        chapters of the Service Corps of Retired Executives to educate 
        customers on available training and counseling resources 
        relevant to a public health emergency declared because of 
        COVID-19.
    (c) Definitions.--In this section:
            (1) Administrator.--The term ``Administrator'' means the 
        Administrator of the Small Business Administration.
            (2) Service corps of retired executives.--The term 
        ``Service Corps of Retired Executives'' means the Service Corps 
        of Retired Executives established under section 8(b)(1)(B) of 
        the Small Business Act (15 U.S.C. 637(b)(1)(B)).
            (3) Small business development center.--The term ``small 
        business development center'' 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 business 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 Administrator to carry out this Act, of 
which not less than $15,000,000 shall be used for grants to small 
business development centers.

SEC. 15. GRANT PROGRAMS FOR SMALL BUSINESS DEVELOPMENT CENTERS, WOMEN'S 
              BUSINESS CENTERS, 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 business 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, during a period of a 
                public health emergency declared because of COVID-19 or 
                a similar communicable disease.
                    (C) The management and practice of telework or 
                remote customer service by electronic or other means to 
                reduce possible transmission 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 reduced travel 
                or outside activities during a period of a public 
                health emergency declared because of COVID-19 or a 
                similar communicable disease.
                    (F) Business continuity plans during a period of a 
                public health emergency declared because of COVID-19 or 
                a similar communicable disease.
                    (G) Any other relevant business practices necessary 
                to mitigate any economic effects experienced during a 
                period of a public health emergency declared because of 
                COVID-19 or a similar communicable disease.
            (3) Formula.--The Administrator and the association 
        authorized under section 21(a)(3)(A) of the Small Business Act 
        (15 U.S.C. 648(a)(3)(A)) shall jointly establish a formula 
        under which grants under this subsection shall be awarded.
            (4) Metrics and goals.--
                    (A) In general.--The Administrator and the 
                association described in paragraph (3) shall jointly 
                establish goals and metrics for the use of funds made 
                available under this subsection. Such goals and metrics 
                shall--
                            (i) consider the extent of the 
                        circumstances relating to the spread of COVID-
                        19 or a similar communicable disease 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 develop 
                        and provide services to small business concerns 
                        that are located in areas substantially 
                        affected by COVID-19.
                    (B) Public availability.--The Administrator shall 
                make publicly available the methodology by which the 
                Administrator and the association 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 Administrator to carry out this subsection.
    (b) Establishment of Women's Business Center 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 section 29 of the Small Business Act (15 
        U.S.C. 656)) and to chapters of the Service Corps of Retired 
        Executives (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, during a period of a 
                public health emergency declared because of COVID-19 or 
                a similar communicable disease.
                    (C) The management and practice of telework or 
                remote customer service by electronic or other means to 
                reduce possible transmission 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 reduced travel 
                or outside activities during a period of a public 
                health emergency declared because of COVID-19 or a 
                similar communicable disease.
                    (F) Business continuity plans during a period of a 
                public health emergency declared because of COVID-19 or 
                a similar communicable disease.
                    (G) Any other relevant business practices necessary 
                to mitigate any economic effects experienced during a 
                period of a public health emergency declared because of 
                COVID-19 or a similar communicable disease.
            (3) Authorization of appropriations.--There is authorized 
        to be appropriated $25,000,000, to remain available until 
        expended, to the Administrator 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 subsection (b)(3) have been expended, the 
Administrator shall submit to the Committee on Small Business and 
Entrepreneurship of the Senate and the Committee on Small Business of 
the House of Representatives a report that--
            (1) describes, with respect to the initial year covered by 
        the report, the programs and services developed and 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 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 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 emergency 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 programs 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 
                development centers, women's business centers, and 
                chapters of the Service Corps of Retired Executives (as 
                applicable) to mitigate these effects.

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 recipient 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 amended--
            (1) in subparagraph (D)(i), by inserting ``, including 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 subparagraph:
                    ``(E) Budget plan revisions.--
                            ``(i) In general.--A State receiving a 
                        grant under this subsection may revise the 
                        budget plan of the State submitted under 
                        subparagraph (D) after the disbursal of grant 
                        funds if--
                                    ``(I) the revision complies with 
                                allowable uses of grant funds under 
                                this subsection; and
                                    ``(II) such State submits 
                                notification of the revision to the 
                                Associate Administrator.
                            ``(ii) Exception.--If a revision under 
                        clause (i) reallocates 10 percent or more of 
                        the amounts described in the budget plan of the 
                        State submitted under subparagraph (D), the 
                        State may not implement the revised budget plan 
                        without the approval of the Associate 
                        Administrator, unless the Associate 
                        Administrator fails to approve or deny the 
                        revised plan within 10 days after receipt of 
                        such revised plan.''.

SEC. 18. CONTRACTING AND ENTREPRENEURIAL DEVELOPMENT ASSISTANCE.

    (a) Purpose.--The purpose of this section is to provide--
            (1) flexibility to small business Federal suppliers and to 
        the Federal Government to more quickly award contracting 
        dollars to small business concerns in times of economic 
        uncertainty and downturn related to COVID-19; and
            (2) additional funds to resource partners of the 
        Administration, such as small business development centers, 
        women's business centers, and SCORE to conduct outreach to 
        small business concerns affected by COVID-19, including by 
        increasing their virtual outreach capacity.
    (b) Definitions.--In this section--
            (1) the term ``contracting officer'' has the meaning given 
        the term in section 36(e) of the Small Business Act (15 U.S.C. 
        657f(e));
            (2) the term ``covered entity'' means a small business 
        concern that--
                    (A) is a party to a contract with a Federal agency; 
                and
                    (B) experiences an adverse impact to the operations 
                of the small business concern as a result of COVID-19;
            (3) the term ``economically disadvantaged women-owned small 
        business'' has the meaning given the term in section 127.102 of 
        title 13, Code of Federal Regulations, or any successor 
        regulation;
            (4) the term ``HUBZone small business concern'' has the 
        meaning given the term in section 31(b) of the Small Business 
        Act (15 U.S.C. 657a(b));
            (5) the term ``SCORE'' means the Service Corps of Retired 
        Executives program established under section 8(b)(1)(B) of the 
        Small Business Act (15 U.S.C. 637(b)(1)(B));
            (6) the term ``small business concern owned and controlled 
        by service-disabled veterans'' has the meaning given the term 
        in section 3(q) of the Small Business Act (15 U.S.C. 632(q));
            (7) the term ``small business concern owned and controlled 
        by women'' has the meaning given the term in section 8(m) of 
        the Small Business Act (15 U.S.C. 637(m));
            (8) the term ``small business development center'' has the 
        meaning given the term in section 3(t) of the Small Business 
        Act (15 U.S.C. 632(t)); and
            (9) the term ``women's business center'' means a women's 
        business center described in section 29 of the Small Business 
        Act (15 U.S.C. 656).
    (c) Promotion of Small Business Contracting.--
            (1) Small business contracting relief.--Notwithstanding any 
        other provision of law or regulation, during the period 
        beginning on the date of enactment of this section and ending 
        on September 30, 2021, the head of the Federal agency with 
        which a covered entity has a contract shall provide the covered 
        entity with--
                    (A) 90 additional days to carry out the 
                responsibilities of the covered entity under the 
                contract; or
                    (B) an additional amount of time to carry out the 
                responsibilities of the covered entity under the 
                contract that the head of the Federal agency determines 
                to be appropriate after taking into consideration the 
                severity of the adverse impact experienced by the 
                covered entity.
            (2) Payment continuation.--If the performance of all or any 
        part of the work of a Federal goods or services contract in 
        force and effect during the period beginning on the date of 
        enactment of this section and ending on September 30, 2021, is 
        unavoidably delayed or interrupted by the small business 
        contractor employees' inability to access Government 
        facilities, systems, or other Government-provided resources due 
        to restrictions related to COVID-19 that have been imposed by 
        any authority or due to orders or instructions issued by the 
        Contracting Agency in response to COVID-19, the Government 
        shall pay the small business contractor, upon the submission of 
        the documentation required by the contract and according to the 
        terms specified in the contract, the prices stipulated in the 
        contract for goods or services as if the small business 
        contractor had rendered and the Government accepted the goods 
        or services. Contractor delivery schedules shall be revised and 
        small business contractors shall be eligible for equitable 
        adjustments based on the revised schedules.
            (3) Temporary sole-source award parity among contracting 
        programs.--Notwithstanding any other provision of law or 
        regulation, during the period beginning on the date of 
        enactment of this section and ending on September 30, 2021, 
        with respect to a small business concern owned and controlled 
        by women, an economically disadvantaged women-owned small 
        business, a HUBZone small business concern, or a small business 
        concern owned and controlled by service-disabled veterans, a 
        contracting officer may award a sole source contract to the 
        small business concern if the anticipated award price of the 
        contract will not exceed the maximum permissible amount for the 
        contract, as provided under the applicable provision of the 
        Small Business Act (15 U.S.C. 631 et seq.), as amended by this 
        subsection.
            (4) Increasing sole source caps.--
                    (A) Qualified hubzone small business concerns.--
                Section 31(c)(2)(A)(ii) of the Small Business Act (15 
                U.S.C. 657a(c)(2)(A)(ii)) is amended--
                            (i) in subclause (I), by striking 
                        ``$5,000,000'' and inserting ``$10,000,000''; 
                        and
                            (ii) in subclause (II), by striking 
                        ``$3,000,000'' and inserting ``$8,000,000''.
                    (B) Small business concerns owned and controlled by 
                service-disabled veterans.--Section 36(a)(2) of the 
                Small Business Act (15 U.S.C. 657f(a)(2)) is amended--
                            (i) in subparagraph (A), by striking 
                        ``$5,000,000'' and inserting ``$10,000,000''; 
                        and
                            (ii) in subparagraph (B), by striking 
                        ``$3,000,000'' and inserting ``$8,000,000''.
                    (C) Small business concerns owned and controlled by 
                socially and economically disadvantaged individuals.--
                Section 8(a)(1)(D)(i)(II) of the Small Business Act (15 
                U.S.C. 637(a)(1)(D)(i)(II)) is amended--
                            (i) by striking ``$5,000,000'' and 
                        inserting ``$10,000,000''; and
                            (ii) by striking ``$3,000,000'' and 
                        inserting ``$8,000,000''.
                    (D) Certain small business concerns owned and 
                controlled by women.--Section 8(m) of the Small 
                Business Act (15 U.S.C. 637(m)) is amended--
                            (i) in paragraph (7)(B)--
                                    (I) in clause (i), by striking 
                                ``$6,500,000'' and inserting 
                                ``$10,000,000''; and
                                    (II) in clause (ii), by striking 
                                ``$4,000,000'' and inserting 
                                ``$8,000,000''; and
                            (ii) in paragraph (8)(B)--
                                    (I) in clause (i), by striking 
                                ``$6,500,000'' and inserting 
                                ``$10,000,000''; and
                                    (II) in clause (ii), by striking 
                                ``$4,000,000'' and inserting 
                                ``$8,000,000''.
            (5) Prompt payments of small business contractors.--
        Notwithstanding any other provision of law or regulation, 
        during the period beginning on the date of enactment of this 
        section and until the invocation of the Defense Production Act 
        on March 18, 2020, by the President is repealed or rescinded--
                    (A) for a prime contractor (as defined in section 
                8701 of title 41) that is a small business concern (as 
                defined in section 3 of the Small Business Act (15 
                U.S.C. 632)), require that the head of an agency, to 
                the fullest extent permitted by law and to the maximum 
                extent practicable, establish an accelerated payment 
                date of 15 days after receipt of a proper invoice for 
                the amount due; and
                    (B) for a prime contractor that subcontracts with a 
                small business concern, require that the head of an 
                agency, to the fullest extent permitted by law and to 
                the maximum extent practicable, establish an 
                accelerated payment date of 15 days after receipt of a 
                proper invoice for the amount due if the prime 
                contractor agrees to make payments to the subcontractor 
                in accordance with the accelerated payment date, to the 
                maximum extent practicable, without any further 
                consideration from or fees charged to the 
                subcontractor.
            (6) 8(a) extension.--The Administrator of the Small 
        Business Administration shall allow a participant in the 
        program established under section 8(a) of the Small Business 
        Act on the date of enactment of this section to extend such 
        participation by a period of 1 year.

SEC. 19. RESOURCES AND SERVICES IN LANGUAGES OTHER THAN ENGLISH.

    (a) In General.--The Administrator of the Small Business 
Administration shall provide resources and services to small business 
concerns (as defined under section 3 of the Small Business Act (15 
U.S.C. 632)) in the 10 most commonly spoken languages, other than 
English, in the United States, which shall include Mandarin, Cantonese, 
Japanese, and Korean.
    (b) Authorization of Appropriations.--There is authorized to be 
appropriated to the Administrator of the Small Business Administration 
$25,000,000 to carry out this section.

SEC. 20. AUTHORIZATION OF APPROPRIATIONS FOR PERSONNEL.

    There is authorized to be appropriated $200,000,000 to the 
Administrator of the Small Business Administration for purposes of 
hiring staff to carry out the requirements of this Act.
                                 <all>