1. Short title This Act may be cited as the Diverse Small Business Empowerment Act . 2. Modifications to upfront guarantee fees for certain 7 (a) loans (a) Guarantee fees for certain 7 (a) loans Section 7(a)(18) of the Small Business Act ( 15 U.S.C. 636(a)(18) ) is amended— (1) in subparagraph (A), by striking With and inserting Except as provided in subparagraph (C), and with ; (2) in subparagraph (B), by inserting or (C)(ii) after subparagraph (A)(i)