Sec. 6. Disclosure of waivers
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If the Administrator exercises statutory or regulatory authority to waive a regulation related to a program or function of the Office of Capital Access of the Administration— the waiver shall be in writing and shall specify the grounds for approving the waiver; and the Administrator shall notify the public of all waivers of regulations approved by the Administration, which notice shall— be published in the Federal Register not less than annually; cover the period beginning on the date after the last day covered by the previous notice; describe the nature of the requirement that has been waived and specify the regulation involved; include a brief description of the grounds for approval of the waiver; and state how more information about the waiver and a copy of the request and the approval may be obtained.
Nothing in subsection
(a)shall be construed as creating new authority for the Administrator to waive regulations of the Administration. Not later than 1 year after the date of the enactment of this Act, the Comptroller General of the United States 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 evaluating— the methods and specific processes used by the Small Business Administration to waive requirements in Standard Operating Procedures Manual or Policy Notices relating to loans made under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); and the number of such waivers granted during the period of 5 fiscal years preceding the date of the enactment of this Act.
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Sec. 6
Disclosure of waivers
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