Sec. 4. Oversight fees
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Section 7(a)(23) of the Small Business Act ( 15 U.S.C. 636(a)(23) ) is amended— in subparagraph (A)— by striking With respect to and inserting the following: With respect to ; and by adding at the end the following: The Administration shall assess and collect a fee equal to 0.03 percent per year of the outstanding balance of the deferred participation share of each loan approved under this subsection, the proceeds of which shall be used solely to support the operations of the Office of Credit Risk Management. ; and in subparagraph (B), by striking fee assessed and inserting fees assessed .
Section 5(g)(4)(A) of the Small Business Act ( 15 U.S.C. 634(g)(4)(A) ) is amended by striking the first sentence and inserting The Administrator shall collect a fee for any loan guarantee sold into the secondary market under subsection
(f)in an amount equal to 50 percent of the portion of the sale price that exceeds 108 percent of the outstanding principal amount of the portion of the loan guaranteed by the Administration. .
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