H.R. 10375

504 Modernization and Small Manufacturer Enhancement Act of 2026

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Sec. 6. Credit elsewhere exemption Since introduced

Section 7(a)(1)(A) of the Small Business Act (15 U.S.C. 636(a)(1)(A)) is amended—

(1) in clause (i), by striking The Administrator and inserting Except as provided in clause (iii), the Administrator; and

(2) by adding at the end the following:

Text this section adds to the law

(iii) Exemption. Clause (i) shall not apply to loans under paragraph (13) of this subsection, loans or other financings under the Small Business Investment Act of 1958 (15 U.S.C. 661 et seq.), or any other loan made by the Administrator to a certified development company.