INTERNATIONAL TRADE.

SEC. 107. INTERNATIONAL TRADE.(a) In General.—Section 7(a)(16) of the Small Business Act (15 U.S.C. 636(a)(16)) is amended to read as follows:“(16) International trade.—“(A) In general.—If the Administrator determines that a loan guaranteed under this subsection will allow an eligible small business concern that is engaged in or adversely affected by international trade to improve its 118 STAT. 3446 competitive position, the Administrator may make such loan to assist such concern in—“(i) the financing of the acquisition, construction, renovation, modernization, improvement, or expansion of productive facilities or equipment to be used in the United States in the production of goods and services involved in international trade; or“(ii) the refinancing of existing indebtedness that is not structured with reasonable terms and conditions.“(B) Security.—Each loan made under this paragraph shall be secured by a first lien position or first mortgage on the property or equipment financed by the loan or on other assets of the small business concern.“(C) Engaged in international trade.—For purposes of this paragraph, a small business concern is engaged in international trade if, as determined by the Administrator, the small business concern is in a position to expand existing export markets or develop new export markets.“(D) Adversely affected by international trade.—For purposes of this paragraph, a small business concern is adversely affected by international trade if, as determined by the Administrator, the small business concern—“(i) is confronting increased competition with foreign firms in the relevant market; and“(ii) is injured by such competition.“(E) Findings by certain federal agencies.—For purposes of subparagraph (D)(ii) the Administrator shall accept any finding of injury by the International Trade Commission or any finding of injury by the Secretary of Commerce pursuant to chapter 3 of title II of the Trade Act of 1974.”.(b) Limitation Increase.—Section 7(a)(3)(B) of the Small Business Act (15 U.S.C. 636(a)(3)(B)) is amended—(1) by striking “$1,250,000” and inserting “$1,750,000”; and(2) by striking “$750,000” and inserting “$1,250,000”.(c) Effective Date.—The amendments made by this section shall take effect on the date of enactment of this Act.