H.Res. 534 (eh) [Engrossed in House] ...

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            ``(3) has failed to comply with any reporting requirement 
        that may be established by the Administration relating to 
        carrying out functions described in subsection (c)(1).
    ``(e) Report.--
            ``(1) In general.--Based on information provided by 
        qualified State and local development companies and the 
        Administration, the Administration shall annually submit to the 
        Committees on Small Business of the House of Representatives 
        and the Senate a report on the results of delegation of 
        authority under this section.
            ``(2) Contents.--Each report submitted under paragraph (1) 
        shall include--
                    ``(A) with respect to each loan foreclosed or 
                liquidated by a qualified State or local development 
                company under this section, or for which losses were 
                otherwise mitigated by the company pursuant to a 
                workout plan under this section--
                            ``(i) the total cost of the project 
                        financed with the loan;
                            ``(ii) the total original dollar amount 
                        guaranteed by the Administration;
                            ``(iii) the total dollar amount of the loan 
                        at the time of liquidation, foreclosure, or 
                        mitigation of loss;
                            ``(iv) the total dollar losses resulting 
                        from the liquidation, foreclosure, or 
                        mitigation of loss; and
                            ``(v) the total recoveries resulting from 
                        the liquidation, foreclosure, or mitigation of 
                        loss, both as a percentage of the amount 
                        guaranteed and the total cost of the project 
                        financed;
                    ``(B) with respect to each qualified State or local 
                development company to which authority is delegated 
                under this section, the totals of each of the amounts 
                described in clauses (i) through (v) of subparagraph 
                (A);
                    ``(C) with respect to all loans subject to 
                foreclosure, liquidation, or mitigation under this 
                section, the totals of each of the amounts described in 
                clauses (i) through (v) of subparagraph (A);
                    ``(D) a comparison between--
                            ``(i) the information provided under 
                        subparagraph (C) with respect to the 12-month 
                        period preceding the date on which the report 
                        is submitted; and
                            ``(ii) the same information with respect to 
                        loans foreclosed and liquidated, or otherwise 
                        treated, by the Administration during the same 
                        period; and
                    ``(E) the number of times that the Administration 
                has failed to approve or reject a liquidation plan in 
                accordance with subsection (c)(2)(A) or a workout plan 
                in accordance with subsection (c)(2)(C), or to approve 
                or deny a request for purchase of indebtedness under 
                subsection (c)(2)(B), including specific information 
                regarding the reasons for the failure of the 
                Administration and any delay that resulted.''.
    (b) Regulations.--
            (1) In general.--Not later than 150 days after the date of 
        the enactment of this Act, the Administrator shall issue such 
        regulations as may be necessary to carry out section 510 of the 
        Small Business Investment Act of 1958, as added by subsection 
        (a) of this section.
            (2) Termination of pilot program.--Effective on the date on 
        which final regulations are issued under paragraph (1), section 
        204 of the Small Business Programs Improvement Act of 1996 (15 
        U.S.C. 695 note) shall cease to have legal effect.

SEC. 8. FUNDING LEVELS FOR CERTAIN FINANCINGS UNDER THE SMALL BUSINESS 
              INVESTMENT ACT OF 1958.

    Section 20 of the Small Business Act (15 U.S.C. 631 note) is 
amended by adding at the end the following:
    ``(g) Program Levels for Certain Small Business Investment Act of 
1958 Financings.--The following program levels are authorized for 
financings under section 504 of the Small Business Investment Act of 
1958:
            ``(1) $4,000,000,000 for fiscal year 2001.
            ``(2) $5,000,000,000 for fiscal year 2002.
            ``(3) $6,000,000,000 for fiscal year 2003.''.

            Attest:

                                                                 Clerk.

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