[Congressional Record (Bound Edition), Volume 147 (2001), Part 16]
[Senate]
[Pages 22270-22275]
[From the U.S. Government Publishing Office, www.gpo.gov]



                           TEXT OF AMENDMENTS

  SA 2117. Mr. DAYTON submitted an amendment intended to be proposed by 
him to the bill H.R. 3090, to provide tax incentives for economic 
recovery; which was ordered to lie on the table; as follows:

       At the appropriate place insert the following:

     SEC. __. REFUNDABLE CREDIT FOR OUTPATIENT PRESCRIPTION DRUGS 
                   FOR MEDICARE BENEFICIARIES.

       (a) In General.--Subpart C of part IV of subchapter A of 
     chapter 1 of the Internal Revenue Code of 1986 (relating to 
     refundable credits) is amended by redesignating section 35 as 
     section 36 and by inserting after section 34 the following 
     new section:

     ``SEC. 35. OUTPATIENT PRESCRIPTION DRUGS FOR MEDICARE 
                   BENEFICIARIES.

       ``(a) In General.--In the case of an eligible individual, 
     there shall be allowed as a credit against the tax imposed by 
     this subtitle an amount equal to the amount paid during the 
     taxable year, not compensated for by insurance or otherwise, 
     for qualified outpatient prescription drugs for such 
     individual.
       ``(b) Limitation.--The amount allowed as a credit under 
     subsection (a) to the taxpayer for the taxable year shall not 
     exceed $500 ($1,000 in the case of a joint return by 2 
     eligible individuals).
       ``(c) Eligible Individual.--For purposes of this section, 
     the term `eligible individual' means, with respect to any 
     taxable year, any individual entitled to any benefits under 
     title XVIII of the Social Security Act during such taxable 
     year.
       ``(d) Qualified Outpatient Prescription Drugs.--For 
     purposes of this section, the term `qualified outpatient 
     prescription drugs' means, with respect to any taxable year, 
     any prescription drug the cost of which is not covered under 
     title XVIII of the Social Security Act during such taxable 
     year.
       ``(e) Special Rules.--
       ``(1) Coordination with medical expense deduction.--The 
     amount which would (but for this paragraph) be taken into 
     account by the taxpayer under section 213 for the taxable 
     year shall be reduced by the credit (if any) allowed by this 
     section to the taxpayer for such year.
       ``(2) Application of section.--This section shall not apply 
     to any taxable year beginning after December 31, 2001.''.
       (b) Conforming Amendments.--
       (1) Paragraph (2) of section 1324(b) of title 31, United 
     States Code, is amended by inserting before the period ``, or 
     from section 35 of such Code''.
       (2) The table of sections for subpart C of part IV of 
     subchapter A of chapter 1 of the Internal Revenue Code of 
     1986 is amended by striking the last item and inserting the 
     following new items:

``Sec. 35. Outpatient prescription drugs for medicare beneficiaries.
``Sec. 36. Overpayments of tax.''.

       (c) Notification of Credit.--The Secretary of Health and 
     Human Services shall notify each individual who is or becomes 
     entitled to benefits under title XVIII of the Social Security 
     Act in 2001 of the individual's eligibility for the 
     refundable credit for outpatient prescription drugs under 
     section 35 of the Internal Revenue Code of 1986 (as added by 
     this section).
       (d) Effective Date.--The amendments made by this section 
     shall apply to taxable years beginning after December 31, 
     2000.
                                  ____

  SA 2118. Mr. McCAIN (for himself, Mr. Allard, Mr. Lieberman, Ms. 
Snowe, Mr. Levin, Mr. Murkowski, Mr. Cleland, Mr. Inhofe, Ms. Landrieu, 
Mr. Burns, Mr. Durbin, Mr. Sessions, and Mr. DeWine) submitted an 
amendment intended to be proposed by him to the bill H.R. 3090, to 
provide tax incentives for economic recovery; which was ordered to lie 
on the table; as follows:

       At the appropriate place in title IX insert the following:

     SEC. __. MEMBER OF UNIFORMED SERVICE AND FOREIGN SERVICE 
                   TREATED AS USING PRINCIPAL RESIDENCE WHILE AWAY 
                   FROM HOME ON QUALIFIED OFFICIAL EXTENDED DUTY 
                   IN DETERMINING EXCLUSION OF GAIN ON SALE OF 
                   SUCH RESIDENCE.

       (a) In General.--Section 121(d) (relating to special rules) 
     is amended by adding at the end the following:
       ``(9) Determination of use during periods of qualified 
     official extended duty with uniformed service or foreign 
     service.--
       ``(A) In general.--A taxpayer shall be treated as using 
     property as a principal residence during any period--
       ``(i) the taxpayer owns such property, and
       ``(ii) the taxpayer (or the taxpayer's spouse) is serving 
     on qualified official extended duty as a member of a 
     uniformed service or of the Foreign Service,

     but only if the taxpayer owned and used the property as a 
     principal residence for any period before the period of 
     qualified official extended duty.
       ``(B) Qualified official extended duty.--For purposes of 
     this paragraph--
       ``(i) In general.--The term `qualified official extended 
     duty' means any period of extended duty during which the 
     member of a uniformed service or the Foreign Service is under 
     a call or order compelling such duty at a duty station which 
     is a least 50 miles from the property described in 
     subparagraph (A) or compelling residence in Government 
     furnished quarters while on such duty.
       ``(ii) Extended duty.--The term `extended duty' means any 
     period of active duty pursuant to a call or order to such 
     duty for a period in excess of 90 days or for an indefinite 
     period.
       ``(C) Definitions.--For purposes of this paragraph--
       ``(i) Uniformed service.--The term `uniformed service' has 
     the meaning given such term by section 101(a)(5) of title 10, 
     United States Code.
       ``(ii) Foreign service of the united states.--The term 
     `member of the Foreign Service' has the meaning given the 
     term `member of the Service' by paragraph (1), (2), (3), (4), 
     or (5) of section 103 of the Foreign Service Act of 1980.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to sales or exchanges on or after the date of the 
     enactment of this Act.
                                  ____

  SA 2119. Mr. BOND submitted an amendment intended to be proposed by 
him to the bill H.R. 3090, to provide tax incentives for economic 
recovery; which was ordered to lie on the table; as follows:

       Strike section 202 of the bill and insert the following:

     SEC. 202. SMALL BUSINESS ECONOMIC STIMULUS.

       (a) Increase and Expansion of Section 179 Expensing.--

[[Page 22271]]

       (1) In general.--The table contained in section 179(b)(1) 
     (relating to dollar limitation) is amended to read as 
     follows:

                                                  ``If thThe applicable
                                                             amount is:
      2001.....................................................$24,000 
      2002 or 2003.............................................$50,000 
      2004 or thereafter....................................$25,000.''.
       (2) Temporary increase in amount of property triggering 
     phaseout of maximum benefit.--Paragraph (2) of section 179(b) 
     is amended by inserting before the period ``($400,000 in the 
     case of taxable years beginning during 2002 or 2003)''.
       (3) Expensing allowed for computer software and for year in 
     which property purchased.--Section 179 (relating to election 
     to expense certain depreciable business assets) is amended by 
     adding at the end the following new subsection:
       ``(e) Special Rules for Property Placed in Service In 2002 
     or 2003.--
       ``(1) In general.--In the case of eligible property, this 
     section shall be applied with the following modifications:
       ``(A) The second sentence of subsection (a) shall be 
     applied by inserting `or, if the taxpayer elects, the taxable 
     year in which the property is purchased' after `service'.
       ``(B) The term `section 179 property' shall include 
     computer software (as defined in section 197(e)(3)(B)) to 
     which section 167 applies and which is acquired by purchase 
     for use in the active conduct of a trade or business.
       ``(2) Eligible property.--For purposes of this subsection, 
     the term `eligible property' means property--
       ``(A) which is section 179 property (as modified by 
     paragraph (1)(B)), and
       ``(B) which is purchased or placed in service by the 
     taxpayer in a taxable year beginning in 2002 or 2003.''.
       (4) Effective Date.--The amendments made by this subsection 
     shall apply to taxable years beginning after December 31, 
     2000.
       (b) Temporary Increase in Depreciation Limits For Business 
     Vehicles.--
       (1) Increase in limitation.--Section 280F(a)(1)(A) 
     (relating to limitation on amount of depreciation for luxury 
     automobiles) is amended--
       (A) by striking ``$2,560'' in clause (i) and inserting 
     ``$5,400'';
       (B) by striking ``$4,100'' in clause (ii) and inserting 
     ``$8,500'';
       (C) by striking ``$2,450'' in clause (iii) and inserting 
     ``$5,100''; and
       (D) by striking ``$1,475'' in clause (iv) and inserting 
     ``$3,000''.
       (2) Conforming amendment.--Section 280F(a)(1)(B)(ii) 
     (relating to disallowed deductions allowed for years after 
     recovery period) is amended by striking ``$1,475'' each place 
     that it appears and inserting ``$3,000''.
       (3) Effective Date.--The amendments made by this subsection 
     shall apply to property placed in service after September 10, 
     2001, and before January 1, 2004.
       (c) Temporary Increase in Deduction For Business Meals.--
       (1) In general.--Subsection (n) of section 274 (relating to 
     only 50 percent of meal and entertainment expenses allowed as 
     deduction) is amended by adding at the end the following:
       ``(4) Temporary increase in limitation.--With respect to 
     any expense for food or beverages paid or incurred on or 
     after September 11, 2001, and before January 1, 2004, 
     paragraph (1) shall be applied by substituting `100 percent' 
     for `50 percent'.''.
       (2) Effective date.--The amendment made by this subsection 
     shall apply to expenses paid or incurred on or after 
     September 11, 2001.
       (d) Emergency Designation.--Congress designates as 
     emergency requirements pursuant to section 252(e) of the 
     Balanced Budget and Emergency Deficit Control Act of 1985 an 
     amount equal to the amount by which revenues are reduced by 
     this section, and the amendments made by this section, below 
     the recommended levels of Federal revenues for fiscal year 
     2002, the total of fiscal years 2002 through 2006, and the 
     total of fiscal years 2002 through 2011, provided in the 
     conference report accompanying H. Con. Res. 83, the 
     concurrent resolution on the budget for fiscal year 2002.
                                  ____

  SA 2120. Mr. BOND submitted an amendment intended to be proposed by 
him to the bill H.R. 3090, to provide tax incentives for economic 
recovery; which was ordered to lie on the table; as follows:

       At the end, add the following:

               TITLE X--SMALL BUSINESS ECONOMIC RECOVERY

     SEC. 1001. SHORT TITLE.

       This title may be cited as the ``Small Business Leads to 
     Economic Recovery Act of 2001''.

     SEC. 1002. EMERGENCY DESIGNATION.

       Amounts provided under this title are designated by 
     Congress as emergency requirements pursuant section 252(e) of 
     the Balanced Budget and Emergency Deficit Control Act of 
     1985. Such amounts shall be available only to the extent that 
     an official budget request that includes a designation for 
     each amount of the request as an emergency requirement, as 
     defined in the Balanced Budget and Emergency Deficit Control 
     Act of 1985, is transmitted by the President to Congress.

          Subtitle A--Small Business Emergency Loan Assistance

     SEC. 1011. SHORT TITLE.

       This subtitle may be cited as the ``Small Business 
     Emergency Loan Assistance Act of 2001''.

     SEC. 1012. DEFINITIONS.

       In this subtitle--
       (1) the term ``Administration'' means the Small Business 
     Administration;
       (2) the term ``covered loan'' means a loan made by the 
     Administration to a small business concern--
       (A) under section 7(b) of the Small Business Act (15 U.S.C. 
     636(b)); and
       (B) located in an area which the President has designated 
     as a disaster area as a result of the terrorist attacks 
     perpetrated against the United States on September 11, 2001; 
     and
       (3) the term ``small business concern'' has the same 
     meaning as in section 3 of the Small Business Act (15 U.S.C. 
     632).

     SEC. 1013. DEFERMENT OF DISASTER LOAN PAYMENTS.

       (a) In General.--Notwithstanding any other provision of 
     law, payments of principal or interest on a covered loan 
     shall be deferred, and no interest shall accrue with respect 
     to a covered loan, during the 2-year period following the 
     date of issuance of the covered loan.
       (b) Resumption of Payments.--At the end of the 2-year 
     period described in subsection (a), the payment of periodic 
     installments of principal and interest shall be required with 
     respect to a covered loan, in the same manner and subject to 
     the same terms and conditions as would otherwise be 
     applicable to a loan made under section 7(b) of the Small 
     Business Act (15 U.S.C. 636(b)).

     SEC. 1014. REFINANCING EXISTING DISASTER LOANS.

       (a) In General.--Any loan made under section 7(b) of the 
     Small Business Act (15 U.S.C. 636(b)) that was outstanding as 
     to principal or interest on September 11, 2001, may be 
     refinanced by a small business concern that is also eligible 
     to receive a covered loan under this subtitle, and the 
     refinanced amount shall be considered to be part of the 
     covered loan for purposes of this subtitle.
       (b) No Affect on Eligibility.--A refinancing under 
     subsection (a) by a small business concern shall be in 
     addition to any covered loan eligibility for that small 
     business concern under this subtitle.

     SEC. 1015. EMERGENCY RELIEF LOAN PROGRAM.

       (a) Business Loan Authority.--Section 7(a) of the Small 
     Business Act (15 U.S.C. 636(a)) is amended by adding at the 
     end the following:
       ``(31) Temporary loan authority following terrorist 
     attacks.--
       ``(A) In general.--During the 1-year period beginning on 
     the date of enactment of this paragraph, the Administration 
     may make loans under this subsection to a small business 
     concern that has suffered, or that is likely to suffer, 
     significant economic injury as a result of the terrorist 
     attacks perpetrated against the United States on September 
     11, 2001.
       ``(B) Loan terms.--With respect to a loan under this 
     paragraph--
       ``(i) for purposes of paragraph (2)(A), participation by 
     the Administration shall be equal to 95 percent of the 
     balance of the financing outstanding at the time of 
     disbursement of the loan;
       ``(ii) no fee may be required or charged under paragraph 
     (18);
       ``(iii) the applicable rate of interest shall not exceed a 
     rate that is one percentage point above the prime rate as 
     published in a national financial newspaper published each 
     business day;
       ``(iv) no such loan shall be made if the total amount 
     outstanding and committed (by participation or otherwise) to 
     the borrower under this paragraph would exceed $1,000,000;
       ``(v) upon request of the borrower, repayment of principal 
     due on a loan made under this paragraph shall be deferred 
     during the 1-year period beginning on the date of issuance of 
     the loan; and
       ``(vi) the repayment period shall not exceed 7 years, 
     including any period of deferment under clause (v).
       ``(C) Applicability.--The loan terms described in 
     subparagraph (B) shall apply to a loan under this paragraph 
     notwithstanding any other provision of this subsection, and 
     except as specifically provided in this paragraph, a loan 
     under this paragraph shall otherwise be subject to the same 
     terms and conditions as any other loan under this subsection.
       ``(D) Significant economic injury.--In this paragraph, the 
     term `substantial economic injury' means an economic harm to 
     a small business concern that results in the inability of the 
     small business concern--
       ``(i) to meet its obligations as they mature;
       ``(ii) to pay its ordinary and necessary operating 
     expenses; or
       ``(iii) to market, produce, or provide a product or service 
     ordinarily marketed, produced, or provided by the business 
     concern.''.

     SEC. 1016. ECONOMIC RECOVERY LOAN AND FINANCING PROGRAMS.

       (a) One-Year Suspension of Section 7(a) Fees.--Section 
     7(a)(18) of the Small Business Act (15 U.S.C. 636(a)(18)) is 
     amended by adding at the end the following:

[[Page 22272]]

       ``(C) One-year waiver of fees following terrorist 
     attacks.--No fee may be collected or charged, and no fee 
     shall accrue under this paragraph during the 1-year period 
     beginning on the date of enactment of the Small Business 
     Terrorism Relief and Economic Stimulus Act of 2001.''.
       (b) One-Year Increase in Participation Levels.--Section 
     7(a)(2) of the Small Business Act (15 U.S.C. 636(a)(2)) is 
     amended--
       (1) in subparagraph (A), by striking ``subparagraph (B)'' 
     and inserting ``subparagraphs (B) and (E)''; and
       (2) by adding at the end the following:
       ``(E) Temporary participation levels following terrorist 
     attacks.--During the 1-year period beginning on the date of 
     enactment of the Small Business Terrorism Relief and Economic 
     Stimulus Act of 2001, clauses (i) and (ii) of subparagraph 
     (A) shall be construed to read as follows:
       `` `(i) 85 percent of the balance of the financing 
     outstanding at the time of disbursement of the loan, if such 
     balance exceeds $150,000; or
       `` `(ii) 90 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) One-Year Suspension of Other Fees.--Section 503 of the 
     Small Business Investment Act of 1958 (15 U.S.C. 697) is 
     amended--
       (1) in subsection (b)(7)(A), by striking ``which amount 
     shall'' and inserting ``which amount shall not be assessed or 
     collected, and no amount shall accrue, during the 1-year 
     period beginning on the date of enactment of the Small 
     Business Terrorism Relief and Economic Stimulus Act of 2001, 
     and which amount shall otherwise''; and
       (2) in subsection (d)(2), by adding at the end the 
     following: ``No fee may be assessed or collected under this 
     paragraph, and no fee shall accrue, during the 1-year period 
     beginning on the date of enactment of the Small Business 
     Emergency Loan Assistance Act of 2001.''.

                Subtitle B--Small Business Procurements

     SEC. 1021. EXPANSION OF OPPORTUNITY FOR SMALL BUSINESSES TO 
                   BE AWARDED DEPARTMENT OF DEFENSE CONTRACTS FOR 
                   ARCHITECTURAL AND ENGINEERING SERVICES AND 
                   CONSTRUCTION DESIGN.

       Section 2855(b)(2) of title 10, United States Code, is 
     amended by striking ``$85,000'' and inserting ``$300,000''.

     SEC. 1022. PROCUREMENTS OF PROPERTY AND SERVICES IN AMOUNTS 
                   NOT IN EXCESS OF $100,000 FROM SMALL 
                   BUSINESSES.

       (a) Small Business Set-Asides.--Section 15 of the Small 
     Business Act (15 U.S.C. 644) is amended by adding at the end 
     the following:
       ``(q) Procurements of Property and Services not in Excess 
     of $100,000.--
       ``(1) Federal supply schedule items.--The head of an agency 
     procuring items listed on a Federal Supply Schedule in a 
     total amount not in excess of $100,000 shall procure the 
     items from a small business concern.
       ``(2) Other property and services.--The head of an agency 
     procuring property or services not listed on a Federal Supply 
     Schedule in a total amount not in excess of $100,000 shall 
     procure the property or services from a small business 
     concern registered on PRO-Net or the Centralized Contractor 
     Registration System. Competitive procedures shall be used in 
     the selection of sources for procurements from small business 
     concerns under this subsection.''.
       (b) Phased Implementation.--
       (1) First 2 years.--During the 2-year period beginning on 
     the effective date determined under subsection (c), the 
     requirement of subsection (q)(1) of section 15 of the Small 
     Business Act (as added by subsection (a) of this section) 
     shall apply with respect to 25 percent of the procurements 
     described in that subsection (q)(1) (determined on the basis 
     of amount), and the requirement in subsection (q)(2) of that 
     section shall apply with respect to 25 percent of the 
     procurements described in that subsection (q)(2) (determined 
     on the basis of amount).
       (2) Ensuing 2 years.--During the 2-year period beginning on 
     the day after the expiration of the period described in 
     paragraph (1), the requirement of subsection (q)(1) of 
     section 15 of the Small Business Act (as added by subsection 
     (a) of this section) shall apply with respect to 50 percent 
     of the procurements described in that subsection (q)(1) 
     (determined on the basis of amount), and the requirement in 
     subsection (q)(2) of that section shall apply with respect to 
     50 percent of the procurements described in that subsection 
     (q)(2) (determined on the basis of amount).
       (c) Effective Date.--Section 15(q) of the Small Business 
     Act (as added by subsection (a) of this section) shall take 
     effect on the first day of the first month that begins not 
     less than 180 days after the date of enactment of this Act.

     SEC. 1023. SOLE SOURCE PROCUREMENTS OF PROPERTY AND SERVICES 
                   UNDER THE 2001 EMERGENCY SUPPLEMENTAL 
                   APPROPRIATIONS ACT FOR RECOVERY FROM AND 
                   RESPONSE TO TERRORIST ATTACKS ON THE UNITED 
                   STATES.

       Notwithstanding the provisions of sections 
     8(a)(1)(D)(i)(II) and subclauses (I) and (II) of section 
     31(b)(2)(A)(ii) of the Small Business Act (15 U.S.C. 
     637(a)(1)(D)(i)(II), 658(b)(2)(A)(ii)(I), and 658 
     (b)(2)(A)(ii)(II), respectively), a contracting officer may 
     award non-competitive contracts with the budget authority 
     provided by the 2001 Emergency Supplemental Appropriations 
     Act for Recovery From and Response To Terrorist Attacks on 
     the United States (Public Law 107-38) or by subsequent 
     emergency appropriations bill adopted pursuant thereto, if--
       (1) such contracts are to be awarded to an eligible Program 
     Participant under section 8(a) or to a qualified HUBZone 
     small business concern under section 3(p)(5) of the Small 
     Business Act (15 U.S.C. 637(a) and 632(p)(5)); and
       (2) the head of the procuring agency certifies that the 
     property or services needed by the agency are of such an 
     unusual and compelling urgency that the United States would 
     be seriously harmed by use of competitive procedures, 
     pursuant to--
       (A) section 2304(c)(2) of title 10, United States Code; or
       (B) section 303(c)(2) of the Federal Property and 
     Administrative Services Act of 1949 (41 U.S.C. 253(c)(2)).
                                  ____

  SA 2121. Mr. KERRY (for himself and Mr. Bond) submitted an amendment 
intended to be proposed by him to the bill S. 1499, to provide 
assistance to small business concerns adversely impacted by the 
terrorist attacks perpetrated against the United States on September 
11, 2001, and for other purposes; which was ordered to lie on the 
table; as follows:

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``American Small Business 
     Emergency Relief and Recovery Act of 2001''.

     SEC. 2. FINDINGS AND PURPOSE.

       (a) Findings.--Congress finds that--
       (1) the Nation's 25,000,000 small businesses employ more 
     than 58 percent of the private workforce, and create 75 
     percent of all net new jobs;
       (2) as a result of the terrorist attacks perpetrated 
     against the United States on September 11, 2001, many small 
     businesses nationwide suffered--
       (A) directly because--
       (i) they are, or were as of September 11, 2001, located in 
     or near the World Trade Center or the Pentagon, or in a 
     disaster area declared by the President or the Administrator;
       (ii) they were closed or their business was suspended for 
     National security purposes at the mandate of the Federal 
     Government; or
       (iii) they are, or were as of September 11, 2001, located 
     in an airport that has been closed; and
       (B) indirectly because--
       (i) they supplied or provided services to businesses that 
     were located in or near the World Trade Center or the 
     Pentagon;
       (ii) they are, or were as of September 11, 2001, a 
     supplier, service provider, or complementary industry to any 
     business or industry adversely affected by the terrorist 
     attacks perpetrated against the United States on September 
     11, 2001, in particular, the financial, hospitality, and 
     travel industries; or
       (iii) they are, or were as of September 11, 2001, integral 
     to or dependent upon a business or business sector closed or 
     suspended for national security purposes by mandate of the 
     Federal Government; and
       (3) small business owners adversely affected by the 
     terrorist attacks are finding it difficult or impossible--
       (A) to make loan payments on existing debts;
       (B) to pay their employees;
       (C) to pay their vendors;
       (D) to purchase materials, supplies, or inventory;
       (E) to pay their rent, mortgage, or other operating 
     expenses; or
       (F) to secure financing for their businesses.
       (b) Purpose.--The purpose of this Act is to strengthen the 
     loan, investment, procurement assistance, and management 
     education programs of the Small Business Administration, in 
     order to help small businesses meet their existing 
     obligations, finance their businesses, and maintain and 
     create jobs, thereby providing stability to the national 
     economy.

     SEC. 3. DEFINITIONS RELATING TO TERRORIST ATTACKS.

       Section 3 of the Small Business Act (15 U.S.C. 632) is 
     amended by adding at the end the following:
       ``(r) Definitions Relating to Terrorism Relief.--In this 
     Act, the following definitions shall apply with respect to 
     the provision of assistance under this Act in response to the 
     terrorist attacks perpetrated against the United States on 
     September 11, 2001, pursuant to the American Small Business 
     Emergency Relief and Recovery Act of 2001:
       ``(1) Directly affected.--A small business concern is 
     directly affected by the terrorist attacks perpetrated 
     against the United States on September 11, 2001, if it--
       ``(A) is, or was as of September 11, 2001, located in or 
     near the World Trade Center or the Pentagon, or in a disaster 
     area declared by the President or the Administrator related 
     to those terrorist attacks;
       ``(B) was closed or its business was suspended for national 
     security purposes at the mandate of the Federal Government; 
     or

[[Page 22273]]

       ``(C) is, or was as of September 11, 2001, located in an 
     airport that has been closed.
       ``(2) Indirectly affected.--A small business concern is 
     indirectly affected by the terrorist attacks perpetrated 
     against the United States on September 11, 2001, if it--
       ``(A) supplied or provided services to any business that 
     was located in or near the World Trade Center or the 
     Pentagon, or in a disaster area declared by the President or 
     the Administrator related to those terrorist attacks;
       ``(B) is, or was as of September 11, 2001, a supplier, 
     service provider, or complementary industry to any business 
     or industry adversely affected by the terrorist acts 
     perpetrated against the United States on September 11, 2001, 
     in particular, the financial, hospitality, and travel 
     industries; or
       ``(C) it is, or was as of September 11, 2001, integral to 
     or dependent upon a business or business sector closed or 
     suspended for national security purposes by mandate of the 
     Federal Government.
       ``(3) Adversely affected.--The term `adversely affected' 
     means having suffered economic harm to or disruption of the 
     business operations of a small business concern as a direct 
     or indirect result of the terrorist attacks perpetrated 
     against the United States on September 11, 2001.
       ``(4) Substantial economic injury.--As used in section 
     7(b)(4), the term `substantial economic injury' means an 
     economic harm to a small business concern that results in the 
     inability of the small business concern--
       ``(A) to meet its obligations on an ongoing basis;
       ``(B) to pay its ordinary and necessary operating expenses; 
     or
       ``(C) to market, produce, or provide a product or service 
     ordinarily marketed, produced, or provided by the small 
     business concern.''.

     SEC. 4. DISASTER LOANS AFTER TERRORIST ATTACKS.

       (a) In General.--Section 7(b) of the Small Business Act (15 
     U.S.C. 636(b)) is amended by inserting immediately before the 
     undesignated material following paragraph (3) the following:
       ``(4) Disaster loans after terrorist attacks of september 
     11, 2001.--
       ``(A) Loan authority.--In addition to any other loan 
     authorized by this section, the Administration may make such 
     loans (either directly or in cooperation with banks or other 
     lending institutions through agreements to participate on an 
     immediate or deferred basis) to a small business concern that 
     has been directly affected and suffered, or that is likely to 
     suffer, substantial economic injury as the result of the 
     terrorist attacks on September 11, 2001, including due to the 
     closure or suspension of its business for National security 
     purposes at the mandate of the Federal Government.
       ``(B) Deferment of loan payments.--
       ``(i) In general.--Notwithstanding any other provision of 
     law, payments of principal and interest on a loan made under 
     this paragraph (other than a refinancing under subparagraph 
     (D)) or paragraph (1) as a result of the terrorist attacks on 
     September 11, 2001, shall be deferred, and no interest shall 
     accrue with respect to such loan, during the 2-year period 
     following the date of issuance of such loan.
       ``(ii) Resumption of payments.--At the end of the 2-year 
     period described in clause (i), the payment of periodic 
     installments of principal and interest shall be required with 
     respect to such loan, in the same manner and subject to the 
     same terms and conditions as would otherwise be applicable to 
     any other loan made under this subsection.
       ``(C) Refinancing disaster loans.--
       ``(i) In general.--Any loan made under this subsection that 
     was outstanding as to principal or interest on September 11, 
     2001, may be refinanced by a small business concern that is 
     also eligible to receive a loan under this paragraph, and the 
     refinanced amount shall be considered to be part of the new 
     loan for purposes of this clause.
       ``(ii) No effect on eligibility.--A refinancing under 
     clause (i) by a small business concern shall be in addition 
     to any other loan eligibility for that small business concern 
     under this Act.
       ``(D) Refinancing business debt.--
       ``(i) In general.--Any business debt of a small business 
     concern that was outstanding as to principal or interest on 
     September 11, 2001, may be refinanced by the small business 
     concern if it is also eligible to receive a loan under this 
     paragraph. With respect to a refinancing under this clause, 
     payments of principal shall be deferred, and interest may 
     accrue notwithstanding subparagraph (B), during the 1-year 
     period following the date of refinancing.
       ``(ii) Resumption of payments.--At the end of the 1-year 
     period described in clause (i), the payment of periodic 
     installments of principal and interest shall be required with 
     respect to such loan, in the same manner and subject to the 
     same terms and conditions as would otherwise be applicable to 
     any other loan made under this subsection.
       ``(E) Terms.--A loan under this paragraph shall be made at 
     the same interest rate as economic injury loans under 
     paragraph (2). Any reasonable doubt concerning the repayment 
     ability of an applicant under this paragraph shall be 
     resolved in favor of the applicant.
       ``(F) No disaster declaration required.--For purposes of 
     assistance under this paragraph, no declaration of a disaster 
     area is required for those small business concerns directly 
     affected by the terrorist attacks on September 11, 2001.
       ``(G) Size standard adjustments.--Notwithstanding any other 
     provision of law, for purposes of providing assistance under 
     this paragraph to businesses located in areas of New York, 
     Virginia, and the contiguous areas designated by the 
     President or the Administrator as a disaster area following 
     the terrorist attacks on September 11, 2001, a business shall 
     be considered to be a `small business concern' if it meets 
     otherwise applicable size regulations promulgated by the 
     Administration, and, with respect to the applicable size 
     standard, it is--
       ``(i) a restaurant having not more than $8,000,000 in 
     annual receipts;
       ``(ii) a law firm having not more than $8,000,000 in annual 
     receipts;
       ``(iii) a certified public accounting business having not 
     more than $8,000,000 in annual receipts;
       ``(iv) a performing arts business having not more than 
     $8,000,000 in annual receipts;
       ``(v) a warehousing or storage business having not more 
     than $25,000,000 in annual receipts;
       ``(vi) a contracting business having a size standard under 
     the North American Industry Classification System, Subsector 
     235, and having not more than $15,000,000 in annual receipts;
       ``(vii) a food manufacturing business having not more than 
     1,000 employees;
       ``(viii) an apparel manufacturing business having not more 
     than 1,000 employees; or
       ``(ix) a travel agency having not more than $2,000,000 in 
     annual receipts.
       ``(5) Authority to increase or waive size standards and 
     size regulations.--
       ``(A) In general.--At the discretion of the Administrator, 
     the Administrator may increase or waive otherwise applicable 
     size standards or size regulations with respect to businesses 
     applying for assistance under this Act in response to the 
     terrorist attacks on September 11, 2001.
       ``(B) Exemption from administrative procedures.--The 
     provisions of subchapter II of chapter 5, of title 5, United 
     States Code, shall not apply to any increase or waiver by the 
     Administrator under subparagraph (A).
       ``(6) Increased loan caps.--
       ``(A) Aggregate loan amounts.--Except as provided in 
     subparagraph (B), and in addition to amounts otherwise 
     authorized by this Act, the loan amount outstanding and 
     committed to a borrower may not exceed--
       ``(i) with respect to a small business concern located in 
     the areas of New York, Virginia, or the contiguous areas 
     designated by the President or the Administrator as a 
     disaster area following the terrorist attacks on September 
     11, 2001--

       ``(I) $6,000,000 in total obligations under paragraph (1); 
     and
       ``(II) $6,000,000 in total obligations under paragraph (4); 
     and

       ``(ii) with respect to a small business concern that is not 
     located in an area described in clause (i) and that is 
     eligible for assistance under paragraph (4), $5,000,000 in 
     total obligations under paragraph (4).
       ``(B) Waiver authority.--The Administrator may, at the 
     discretion of the Administrator, waive the aggregate loan 
     amounts established under subparagraph (A).
       ``(7) Extended application period.--Notwithstanding any 
     other provision of law, the Administrator shall accept 
     applications for assistance under paragraphs (1) and (4) 
     until September 10, 2002, with respect to applicants for such 
     assistance as a result of the terrorist attacks on September 
     11, 2001.
       ``(8) Limitation on sales of loans.--No loan under 
     paragraph (1) or (4), made as a result of the terrorist 
     attacks on September 11, 2001, shall be sold until 4 years 
     after the date of the final loan disbursement.''.
       (b) Clerical Amendments.--Section 7(b) of the Small 
     Business Act (15 U.S.C. 636(b)) is amended in the 
     undesignated matter at the end--
       (1) by striking ``, (2), and (4)'' and inserting ``and 
     (2)''; and
       (2) by striking ``, (2), or (4)'' and inserting ``(2)''.

     SEC. 5. EMERGENCY RELIEF LOAN PROGRAM.

       (a) Loan Program.--Section 7(a) of the Small Business Act 
     (15 U.S.C. 636(a)) is amended by adding at the end the 
     following:
       ``(31) Temporary loan authority following terrorist 
     attacks.--
       ``(A) In general.--During the 1-year period beginning on 
     the date of enactment of this paragraph, the Administration 
     may make loans under this subsection to a small business 
     concern that has been, or that is likely to be directly or 
     indirectly adversely affected.
       ``(B) Loan terms.--With respect to a loan under this 
     paragraph--
       ``(i) for purposes of paragraph (2)(A), 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;
       ``(ii) the Administrator shall collect an annual fee in an 
     amount equal to 0.25 percent of the outstanding balance of 
     the deferred participation share of the loan, notwithstanding 
     paragraph (23)(A);

[[Page 22274]]

       ``(iii) no fee may be collected or charged under paragraph 
     (18);
       ``(iv) the applicable rate of interest shall not exceed a 
     rate that is 2 percentage points above the prime lending 
     rate;
       ``(v) no such loan shall be made if the total amount 
     outstanding and committed (by participation or otherwise) to 
     the borrower under this paragraph--

       ``(I) would exceed $1,000,000; or
       ``(II) at the discretion of the Administrator, and upon 
     notice to the Congress, would exceed $2,000,000, as necessary 
     to provide relief in high-cost areas or to high-cost 
     industries that have been adversely affected; or

       ``(vi) no such loan shall be made if the gross amount of 
     the loan would exceed $3,000,000;
       ``(vii) upon request of the borrower, repayment of 
     principal due on a loan made under this paragraph may be 
     deferred during the 1-year period beginning on the date of 
     issuance of the loan; and
       ``(viii) any reasonable doubt concerning the repayment 
     ability of an applicant for a loan under this paragraph shall 
     be resolved in favor of the applicant.
       ``(C) Applicability.--The loan terms described in 
     subparagraph (B) shall apply to a loan under this paragraph 
     notwithstanding any other provision of this subsection, and 
     except as specifically provided in this paragraph, a loan 
     under this paragraph shall otherwise be subject to the same 
     terms and conditions as any other loan under this subsection.
       ``(D) Travel agencies.--For purposes of loans made under 
     this paragraph, the size standard for a travel agency shall 
     be $2,000,000 in annual receipts.''.
       (b) Conforming Amendment.--Section 7(a)(23)(A) of the Small 
     Business Act (15 U.S.C. 636(a)(23)(A)) is amended by 
     inserting ``other than a loan under paragraph (31) or a loan 
     described in paragraph (2)(E),'' after ``this subsection,''.

     SEC. 6. BUSINESS LOAN ASSISTANCE FOLLOWING TERRORIST ATTACKS.

       (a) One-Year Waiver of Section 7(a) Fees.--Section 7(a)(18) 
     of the Small Business Act (15 U.S.C. 636(a)(18)) is amended 
     by adding at the end the following:
       ``(C) One-year waiver of fees following terrorist 
     attacks.--For loans approved during the 1-year period 
     following the date of enactment of the American Small 
     Business Emergency Relief and Recovery Act of 2001, a fee 
     equal to not more than one half of the amount otherwise 
     required by this paragraph shall be collected or charged 
     under this paragraph.''.
       (b) One-Year Increase in Participation Levels.--Section 
     7(a)(2) of the Small Business Act (15 U.S.C. 636(a)(2)) is 
     amended--
       (1) in subparagraph (A), by striking ``subparagraph (B)'' 
     and inserting ``subparagraphs (B) and (E)''; and
       (2) by adding at the end the following:
       ``(E) Temporary participation levels following terrorist 
     attacks.--For loans under this subsection, other than 
     paragraph (31), that are approved during the 1-year period 
     following the date of enactment of the American Small 
     Business Emergency Relief and Recovery Act of 2001--
       ``(i) the guarantee percentage specified by clause (i) of 
     subparagraph (A) shall be increased to 85 percent (except 
     with respect to loans approved under the SBA Express Pilot 
     Program); and
       ``(ii) the Administrator shall collect an annual fee in an 
     amount equal to 0.25 percent of the outstanding balance of 
     the deferred participation share of the loan, notwithstanding 
     paragraph (23)(A).''.
       (c) Reduction of Section 504 Fees.--
       (1) In general.--Section 503 of the Small Business 
     Investment Act of 1958 (15 U.S.C. 697) is amended--
       (A) in subsection (b)(7)(A)--
       (i) by redesignating clauses (i) and (ii) as subclauses (I) 
     and (II), respectively, and moving the margins 2 ems to the 
     right;
       (ii) by striking ``not exceed the lesser'' and inserting 
     ``not exceed--
       ``(i) the lesser''; and
       (iii) by adding at the end the following:
       ``(ii) 50 percent of the amount established under clause 
     (i) in the case of a loan made during the 1-year period 
     following the date of enactment of the American Small 
     Business Emergency Relief and Recovery Act of 2001, for the 
     life of the loan; and''; and
       (B) by adding at the end the following:
       ``(i) One-Year Waiver of Fees Following Terrorist 
     Attacks.--The Administration may not assess or collect any up 
     front guarantee fee with respect to loans made under this 
     title during the 1-year period following the date of 
     enactment of the American Small Business Emergency Relief and 
     Recovery Act of 2001.''.
       (2) Use of funds for section 504 program.--The provisions 
     of subsections (b)(7)(A), (d)(2), and (i) of section 503 of 
     the Small Business Investment Act of 1958, as amended by this 
     subsection, shall be effective only to the extent that funds 
     are made available under appropriations Acts, which funds 
     shall be utilized to offset the cost (as such term is defined 
     in section 502 of the Federal Credit Reform Act of 1990) to 
     the Administration of making guarantees under those amended 
     provisions.
       (d) Budgetary Treatment of Loans and Financings.--
     Assistance made available under any loan made or approved by 
     the Small Business Administration under section 7(a) or 
     7(b)(4) of the Small Business Act (15 U.S.C. 636(a)) or 
     financings made under title III or V of the Small Business 
     Investment Act of 1958 (15 U.S.C. 697a), during the 1-year 
     period beginning on the date of enactment of this Act, shall 
     be treated as separate programs of the Small Business 
     Administration for purposes of the Federal Credit Reform Act 
     of 1990 only.
       (e) Use of Funds for 7(a) and 7(a) Emergency Relief Loan 
     Programs.--The provisions of paragraphs (2), (18), and (31) 
     of section 7(a) of the Small Business Act, as amended by this 
     Act, shall be effective only to the extent that funds are 
     made available under appropriations Acts, which funds shall 
     be utilized to offset the cost (as such term is defined in 
     section 502 of the Federal Credit Reform Act of 1990) to the 
     Administration of making guarantees under those amended 
     provisions.

     SEC. 7. APPROVAL PROCESS.

       Notwithstanding any other provision of law, the 
     Administrator of the Small Business Administration may adopt 
     such approval processes as the Administrator determines, 
     after consultation with the Committee on Small Business and 
     Entrepreneurship of the Senate and the Committee on Small 
     Business of the House of Representatives, to be appropriate 
     in order to make assistance under this Act and the amendments 
     made by this Act available to all eligible small business 
     concerns.

     SEC. 8. OTHER SPECIALIZED ASSISTANCE AND MONITORING 
                   AUTHORIZED.

       (a) Additional SBDC Authority.--
       (1) In general.--Section 21(c)(3) of the Small Business Act 
     (15 U.S.C. 648(c)(3)) is amended--
       (A) in subparagraph (S), by striking ``and'' at the end;
       (B) in subparagraph (T), by striking the period at the end 
     and inserting ``; and''; and
       (C) by adding at the end the following:
       ``(U) providing individualized assistance with respect to 
     financing, refinancing of existing debt, and business 
     counseling to small business concerns adversely affected, 
     directly or indirectly, by the terrorist attacks on September 
     11, 2001.''.
       (2) Waiver of matching requirements.--Section 21(a)(4) of 
     the Small Business Act (15 U.S.C. 648(a)(4)) is amended by 
     inserting before the period the following: ``, except that 
     the matching requirements of this paragraph do not apply with 
     respect to any assistance provided under subsection 
     (c)(3)(U)''.
       (b) Additional SCORE Authority.--Section 8(b)(1)(B) of the 
     Small Business Act (15 U.S.C. 637(b)(1)(B) is amended--
       (1) by inserting ``(i)'' after ``(B)''; and
       (2) by adding at the end the following:
       ``(ii) The functions of the Service Corps of Retired 
     Executives (SCORE) shall include the provision of 
     individualized assistance with respect to financing, 
     refinancing of existing debt, and business counseling to 
     small business concerns adversely affected by the terrorist 
     attacks on September 11, 2001.''.
       (c) Additional Microloan Program Authority.--Section 7(m) 
     of the Small Business Act (15 U.S.C. 636(m)) is amended by 
     adding at the end the following:
       ``(14) Assistance after terrorist attacks of september 11, 
     2001.--Amounts made available under this subsection may be 
     used by intermediaries to provide individualized assistance 
     with respect to financing, refinancing of existing debt, and 
     business counseling to small business concerns adversely 
     affected by the terrorist attacks on September 11, 2001.''.
       (d) Additional Women's Business Development Center 
     Authority.--Section 29 of the Small Business Act (15 U.S.C. 
     656) is amended--
       (1) in subsection (b)--
       (A) in paragraph (2), by striking ``and'' at the end;
       (B) in paragraph (3), by striking the period at the end and 
     inserting ``; and''; and
       (C) by adding at the end the following:
       ``(4) individualized assistance with respect to financing, 
     refinancing of existing debt, and business counseling to 
     small business concerns owned and controlled by women that 
     were adversely affected by the terrorist attacks on September 
     11, 2001.''; and
       (2) in subsection (c), by adding at the end the following:
       ``(5) Waiver of matching requirements.--A recipient 
     organization shall not be subject to the non-Federal funding 
     requirements of paragraph (1) with respect to assistance 
     provided under subsection (b)(4).''.
       (e) Additional SBIC Authority.--Section 303 of the Small 
     Business Investment Act of 1958 (15 U.S.C. 683) is amended by 
     adding at the end the following:
       ``(k) Authority After Terrorist Attacks of September 11, 
     2001.--Small business investment companies are authorized and 
     encouraged to provide equity capital and to make loans to 
     small business concerns pursuant to sections 304(a) and 
     305(a) of the Small Business Investment Act of 1958, 
     respectively, for the purpose of providing assistance to 
     small business concerns adversely affected by the terrorist 
     attacks on September 11, 2001.''.

     SEC. 9. STUDY AND REPORT ON EFFECTS ON SMALL BUSINESS 
                   CONCERNS.

       (a) Study.--

[[Page 22275]]

       (1) In general.--The Office of Advocacy of the Small 
     Business Administration shall conduct annual studies for a 5-
     year period on the impact of the terrorist attacks 
     perpetrated against the United States on September 11, 2001, 
     on small business concerns, and the effects of assistance 
     provided under this Act on such small business concerns.
       (2) Contents.--The study conducted under paragraph (1) 
     shall include information regarding--
       (A) bankruptcies and business failures that occurred as a 
     result of the events of September 11, 2001, as compared to 
     those that occurred in 1999 and 2000;
       (B) the loss of jobs, revenue, and profits in small 
     business concerns as a result of those events, as compared to 
     those that occurred in 1999 and 2000;
       (C) the impact of assistance provided under this Act to 
     small business concerns adversely affected by those attacks, 
     including information regarding whether--
       (i) small business concerns that received such assistance 
     would have remained in business without such assistance;
       (ii) jobs were saved due to such assistance; and
       (iii) small business concerns that remained in business had 
     increases in employment and sales since receiving assistance.
       (b) Report.--The Office of Advocacy shall submit a report 
     to Congress on the studies required by subsection (a)(1), 
     specifically addressing the requirements of subsection (a)(2) 
     in September of each of fiscal years 2002 through 2006.
       (c) Authorization of Appropriations.--There is authorized 
     to be appropriated to carry out this section, $500,000 for 
     each of fiscal years 2002 through 2006.

     SEC. 10. EMERGENCY EQUITABLE RELIEF FOR FEDERAL CONTRACTORS.

       (a) Guidance Required.--
       (1) In general.--Under guidance issued by the Administrator 
     for Federal Procurement Policy in conjunction with the 
     Administrator of the Small Business Administration, the head 
     of a contracting agency of the United States may increase the 
     price of a contract entered into by the agency that is 
     performed by a small business concern (as defined in section 
     3 of the Small Business Act) to the extent determined 
     equitable under this section on the basis of loss resulting 
     from security measures taken by the Federal Government at 
     Federal facilities as a result of the terrorist attacks on 
     September 11, 2001.
       (2) Expedited issuance.--Guidance required by paragraph (1) 
     shall be issued under expedited procedures, not later than 20 
     days after the date of enactment of this Act.
       (b) Expedited Procedures.--
       (1) In general.-- The Administrator for Federal Procurement 
     Policy shall prescribe expedited procedures for considering 
     whether to grant an equitable adjustment in the case of a 
     contract of an agency under subsection (a).
       (2) Requirements.--The procedures required by paragraph (1) 
     shall provide for--
       (A) an initial review of the merits of a contractor's 
     request by the contracting officer concerned with the 
     contract;
       (B) a final determination of the merits of the contractor's 
     request, including the value of any price adjustment, by the 
     Head of the Contracting Agency, in consultation with the 
     Administrator of the Small Business Administration, taking 
     into consideration the initial review under subparagraph (A); 
     and
       (C) payment from the fund established under subsection (d) 
     for the contract's price adjustment.
       (3) Timing.--The procedures required by paragraph (1) shall 
     require completion of action on a contractor's request for 
     adjustment not later than 30 days after the date on which the 
     contractor submits the request to the contracting officer 
     concerned.
       (c) Authorized Remedies.--In addition to making a price 
     adjustment under subsection (a), the time for performance of 
     a contract may be extended under this section.
       (d) Payment of Adjusted Price.--
       (1) Fund established.--The Administrator of the Small 
     Business Administration shall establish a fund for the 
     payment of contract price adjustments under this section. 
     Payments of amounts for price adjustments shall be made out 
     of the fund.
       (2) Availability.--Notwithstanding any other provision of 
     law, amounts in the fund under this subsection shall remain 
     available until expended.
       (e) Termination of Authority.--
       (1) Requests.--No request for adjustment under this section 
     may be accepted more than 330 days after the date of 
     enactment of this Act.
       (2) Termination.--The authority under this section shall 
     terminate 1 year after the date of enactment of this Act.
       (f) Authorization of Appropriations.--There is authorized 
     to be appropriated to the Small Business Administration to 
     carry out this section, $100,000,000, including funds for 
     administrative expenses and costs. Any funds remaining in the 
     fund established under subsection (d) 1 year after the date 
     of enactment of this Act shall be transferred to the disaster 
     loan account of the United States Small Business 
     Administration.

     SEC. 11. REPORTS TO CONGRESS.

       (a) Reports Required.--The Administrator of the Small 
     Business Administration shall submit regular reports to the 
     Committee on Small Business and Entrepreneurship of the 
     Senate and the Committee on Small Business of the House of 
     Representatives regarding the implementation of this Act and 
     the amendments made by this Act, including program delivery, 
     staffing, and administrative expenses related to such 
     implementation.
       (b) Frequency of Reports.--The reports required by 
     subsection (a) shall be submitted on November 15, 2001, and 
     December 15, 2001, and quarterly thereafter through December 
     31, 2003.

     SEC. 12. EXPEDITED ISSUANCE OF IMPLEMENTING GUIDELINES.

       Not later than 20 days after the date of enactment of this 
     Act, the Administrator of the Small Business Administration 
     shall issue interim final rules and guidelines to implement 
     this Act and the amendments made by this Act.

     SEC. 13. INCREASED AUTHORIZATIONS OF APPROPRIATIONS.

       Section 20 of the Small Business Act (15 U.S.C. 631 note) 
     is amended--
       (1) in subsection (h)(1)(B)--
       (A) by striking ``$20,050,000,000'' and inserting 
     ``$24,050,000,000'';
       (B) by striking ``15,000,000,000'' and inserting 
     ``$17,000,000,000''; and
       (C) by striking ``$4,500,000,000'' and inserting 
     ``$6,500,000,000'';
       (2) in subsection (h)(1)(C)--
       (A) by striking ``$3,500,000,000'' and inserting 
     ``$4,200,000,000''; and
       (B) by striking ``$2,500,000,000'' and inserting 
     ``$2,700,000,000'';
       (3) in subsection (i)(1)(B)--
       (A) by striking ``21,550,000,000'' and inserting 
     ``$25,550,000,000'';
       (B) by striking ``$16,000,000,000'' and inserting 
     ``$18,000,000,000''; and
       (C) by striking ``$5,000,000,000'' and inserting 
     ``$7,000,000,000'';
       (4) in subsection (i)(1)(C)--
       (A) by striking ``$4,000,000,000'' and inserting 
     ``$4,700,000,000''; and
       (B) by striking ``$3,000,000,000'' and inserting 
     ``$3,200,000,000''; and
       (5) by adding at the end the following:
       ``(j) Special Authorizations of Appropriations Following 
     Terrorist Attacks.--In addition to any other amounts 
     authorized by this Act for any fiscal year, there are 
     authorized to be appropriated to the Administration, to 
     remain available until expended--
       ``(1) for fiscal year 2002 and each fiscal year thereafter, 
     such sums as may be necessary to carry out paragraph (4) of 
     section 7(b), including necessary loan capital and funds for 
     administrative expenses related to making and servicing loans 
     pursuant to that paragraph;
       ``(2) for fiscal year 2002, $25,000,000, to be used for 
     activities of small business development centers pursuant to 
     section 21(c)(3)(U)--
       ``(A) $2,500,000 of which shall be used to assist small 
     business concerns (as that term is defined for purposes of 
     section 7(b)(4)) located in the areas of New York and the 
     contiguous areas designated by the President as a disaster 
     area following the terrorist attacks on September 11, 2001; 
     and
       ``(B) $1,500,000 of which shall be used to assist small 
     business concerns located in areas of Virginia and the 
     contiguous areas designated by the President as a disaster 
     area following those terrorist attacks;
       ``(3) for fiscal year 2002, $2,000,000, to be used under 
     the Service Corps of Retired Executives program authorized by 
     section 8(b)(1) for the activities described in section 
     8(b)(1)(B)(ii);
       ``(4) for fiscal year 2002, $5,000,000 for microloan 
     technical assistance authorized under section 7(m)(14);
       ``(5) for fiscal year 2002, $2,000,000 to be used for 
     activities of women's business centers authorized by section 
     29(b)(4);
       ``(6) for fiscal year 2002 and each fiscal year thereafter, 
     such sums as may be necessary to carry out paragraphs (2)(E), 
     (18)(C), and (31) of section 7(a), including any funds 
     necessary to offset fees and amounts waived or reduced under 
     those provisions, necessary loan capital, and funds for 
     administrative expenses; and
       ``(7) for fiscal year 2002, and each fiscal year 
     thereafter, such sums as may be necessary to carry out the 1-
     year suspension of fees under subsections (b)(7)(A), (d)(2), 
     and (i) of section 503 of the Small Business Investment Act 
     of 1958, in response to the terrorist attacks on September 
     11, 2001, including any funds necessary to offset fees and 
     amounts waived under those provisions and including funds for 
     administrative expenses.''.

                          ____________________