Sec. 3. Small manufacturers
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Section 7(a)(2) of the Small Business Act ( 15 U.S.C. 636(a)(2) ) is amended— in subparagraph (A), in the matter preceding clause (i), by striking and
(E)and inserting (E), and
(F); and by adding at the end the following: In an agreement to participate in a loan on a deferred basis under this subsection for a small business concern assigned to a North American Industry Classification System code for manufacturing or that is designated by the Administrator under clause (ii), the participation by the Administration shall be 90 percent. After submitting notice to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives, the Administrator may designate a North American Industry Classification System code for purposes of clause
(i)if the Administrator determines the code— is not a manufacturing code under the North American Industry Classification System; and corresponds to a sector in which manufacturing is a considerable component of the operations of a small business concern, as determined by the Administrator, including advanced manufacturing. . Section 7(a)(18) of the Small Business Act ( 15 U.S.C. 636(a)(18) ) is amended— in subparagraph (A), by striking With respect and inserting Except as provided in subparagraph (C), with respect ; and by adding at the end the following: Subject to clause (ii), with respect to a loan guaranteed under this subsection for a small business concern described in paragraph (2)(F)(i)— the Administration may not collect a guarantee fee under this paragraph for a loan of not more than $350,000; and for a loan of more than $350,000, the Administration shall collect a guarantee fee under this paragraph equal to 50 percent of the guarantee fee that the Administration would otherwise collect for the loan. The requirements of clause
(i)shall not apply to loans made during a fiscal year if— the budget of the President for that fiscal year, submitted to Congress under section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero; and the Administrator submits to Congress— notice regarding the determination of cost described in subclause (I); and a detailed discussion indicating why not implementing clause
(i)will cause the cost of the program established under this subsection to be not more than zero. . The Small Business Act ( 15 U.S.C. 631 et seq.) is amended— in section 7(a) ( 15 U.S.C. 636(a) ), by adding at the end the following: The Administrator shall ensure that each district office of the Administration provides training to small business concerns described in paragraph (2)(F)(i) in obtaining assistance under this subsection, including with respect to the application process and partnering with participating lenders under this subsection. ; in section 8 ( 15 U.S.C. 637 ), by striking subsection
(c)and inserting the following: In this subsection, the term SCORE program means the Service Corps of Retired Executives authorized under subsection (b)(1)(B). Under the SCORE program, the Administrator shall recruit volunteers to assist small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process and partnering with participating lenders under that section. ; in section 21(c)(3) ( 15 U.S.C. 648(c)(3) )— in subparagraph (S), by striking and at the end; in subparagraph (T), by striking the period at the end and inserting ; and ; and by adding at the end the following: providing training to small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process and partnering with participating lenders under that section. ; in section 29(b) ( 15 U.S.C. 656(b) )— in paragraph (2), by striking and at the end; in paragraph (3), by striking the period at the end and inserting ; and ; and by adding at the end the following: training to small business concerns owned and controlled by women that are small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process and partnering with participating lenders under that section. ; and in section 32 ( 15 U.S.C. 657b ), by adding at the end the following: The Associate Administrator shall ensure that Veterans Business Outreach Centers assist small business concerns described in section 7(a)(2)(F)(i) in obtaining assistance under section 7(a) and title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.), including with respect to the application process and partnering with participating lenders under that section. . The Small Business Administration and its resource partners may establish partnerships with the Hollings Manufacturing Extension Partnership Program of the National Institute of Standards and Technology and its affiliated centers to facilitate outreach to small manufacturers in providing training and guidance with respect to the application process for loans guaranteed by the Administration.
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Sec. 3
Small manufacturers
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