Page:United States Statutes at Large Volume 110 Part 4.djvu/910

 110 STAT. 3009-747 PUBLIC LAW 104-20&—SEPT. 30, 1996 15 USC 687. 15 USC 687b. 15 USC 687d. 15 USC 80a-18, 687i-687m. 15 USC 687/. 15 USC 687m. 15 USC 697f. 15 USC 634 note. (II) by striking "partner's or shareholder's" and inserting "partner's, shareholder's, or member's"; and (III) by striking "partner or shareholder" and inserting "partner, shareholder, or member"; (B) in section 308(h), by striking "subsection (c) or (d) of section 301" each place that term appears and inserting "section 301"; (C) in section 310(c)(4), by striking "not less than four years in the case of section 301(d) licensees and in all other cases,"; (D) in section 312— (i) by striking "shareholders or partners" and inserting "shareholders, partners, or members"; and (ii) by striking "shareholder, or partner" each place that term appears and inserting "shareholder, partner, or member"; (E) by striking sections 317 and 318, and redesignating sections 319 through 322 as sections 317 through 320, respectively; (F) in section 319, as redesignated— (i) in subsection (a), by striking ", including companies operating under the authority of section 301(d),"; and (ii) in subsection (f)(2), by inserting "or investments in obligations of the United States" after "accounts"; (G) in section 320, as redesignated, by striking "section 321" and inserting "section 319"; and (H) in section 509— (i) in subsection (a)(1), by striking the second sentence; and (ii) in subsection (e)(1)(B), by striking "subsection (c) or (d) of section 301" and inserting "section 301". (2) AMENDMENT IN OTHER LAW.—Section 11(h) of the Federal Home Loan Bank Act (12 U.S.C. 1431(h)) is amended by striking "301(d)" and inserting "301". (i) AMENDMENTS TO THE SMALL BUSINESS ACT. — (1) POWERS OF THE ADMINISTRATOR. —Section 5(b)(7) of the Small Business Act (15 U.S.C. 634(b)(7)) is amended by striking the colon and all that follows before the semicolon at the end of the paragraph and inserting the following: ": Provided, That with respect to deferred participation loans, the Administrator may, in the discretion of and pursuant to regulations promulgated by the Administrator, authorize participating lending institutions to take actions relating to loan servicing on behalf of the Administrator, including determining eligibility and creditworthiness and loan monitoring, collection, and liquidation". (2) AUTHORIZATION OF APPROPRIATIONS.—Section 20(p)(3) of the Small Business Act (15 U.S.C. 631 note) is amended by striking subparagraph (B) and inserting the following: "(B) $300,000,000 in guarantees of debentures; and", (j) EFFEOTIVE DATE. —This section and the amendments made by this section shall become effective on the date of enactment of this Act.

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