Page:United States Statutes at Large Volume 118.djvu/624

 118 STAT. 594 PUBLIC LAW 108–217—APR. 5, 2004 (2) TERMINATION DATE.—The authority set forth in para graph (1) shall terminate on September 30, 2004. (3) SAVINGS PROVISION.—Nothing in this section shall be interpreted to modify or alter the authority of the Administrator to continue to operate the Express Loan Pilot Program on or after October 1, 2004. (e) OPTION TO PARTICIPATE.—Except as otherwise provided in this section, the Administrator shall take no regulatory, policy, or administrative action, without regard to whether such action requires notification pursuant to section 7(a)(24) of the Small Busi ness Act (15 U.S.C. 636(a)(24)), that has the effect of— (1) requiring a lender to make an Express Loan pursuant to subsection (d); (2) limiting or modifying any term or condition of deferred participation loans made under such section (other than Express Loans) unless the Administrator imposes the same limit or modification on Express Loans; (3) transferring or re allocating staff, staff responsibilities, resources, or funding, if the result of such transfer or re allocation would be to increase the average loan processing, approval, or disbursement time above the averages for those functions as of October 1, 2003, for loan guarantees approved under such section by employees of the Administration or through the Preferred Lenders Program; or (4) otherwise providing any incentive or disincentive which encourages lenders or borrowers to make or obtain loans under the Express Loan Pilot Program instead of under the general loan authority of section 7(a) of the Small Business Act (15 U.S.C. 636(a)). (f) COLLECTION AND REPORTING OF DATA.—For all loans in excess of $250,000 made pursuant to the authority set forth in subsection (d)(1), the Administrator shall, to the extent practicable, collect data on the purpose for each such loan. The Administrator shall report monthly to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Busi ness of the House of Representatives on the number of such loans and their purposes. (g) TERMINATION.—Subsections (b), (c), (e), and (f) shall not apply after September 30, 2004. SEC. 7. FISCAL YEAR 2004 DEFERRED PARTICIPATION STANDARDS. Deferred participation loans made during the period beginning on the date of the enactment of this Act and ending on September 30, 2004, under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) shall have the same terms and conditions (including max imum gross loan amounts and collateral requirements) as were applicable to loans made under such section on October 1, 2003, except as otherwise provided in this Act. This section shall not preclude the Administrator of the Small Business Administration from taking such action as necessary to maintain the loan program carried out under such section, subject to appropriations. SEC. 8. TEMPORARY INCREASE IN LOAN LIMIT UNDER BUSINESS LOAN AND INVESTMENT FUND AND IN ASSOCIATED GUAR ANTEE FEES. (a) TEMPORARY INCREASE IN AMOUNT PERMITTED TO BE OUT STANDING AND COMMITTED.—During the period beginning on the date of the enactment of this Act and ending on September 30, Applicability. 15 USC 636 note. 15 USC 636 note.

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