Sec. 6. Limitations on loan forgiveness
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Section 7 of the Small Business Act ( 15 U.S.C. 636 ) is amended by adding at the end the following: The Administrator may not— forgive any loan under this section unless Congress has authorized such forgiveness; or compromise on, suspend, or end collections on a debt owed to the Administration pursuant to paragraph
(2)or
(3)of section 3711(a) of title 31, United States Code. If the Administrator seeks to discharge a debt and the discharge of such debt is limited under paragraph (1), the Administrator shall refer such debt to the Department of the Treasury for collection action, including a final determination regarding whether to suspend, end, or continue collection of the debt. .
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Sec. 6
Limitations on loan forgiveness
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