; and (2) by adding at the end the following: (F) Participation for manufacturers (i) In general In an agreement to participate in a loan on a deferred basis under this subsection for a small business concern assigned to a North American Industry Classification System code for manufacturing or that is designated by the Administrator under clause (ii), the participation by the Administration shall be 90 percent. (ii) Addition of advanced manufacturing sectors After submitting notice to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives, the Administrator may designate a North American Industry Classification System code for purposes of clause (i) if the Administrator determines the code— (I) is not a manufacturing code under the North American Industry Classification System; and (II) corresponds to a sector in which manufacturing is a considerable component of the operations of a small business concern, as determined by the Administrator, including advanced manufacturing. . (b) Guarantee fee reduction 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 respect and inserting Except as provided in subparagraph (C), with respect ; and (2) by adding at the end the following: (C) Manufacturers (i) In general Subject to clause (ii), with respect to a loan guaranteed under this subsection for a small business concern described in paragraph (2)(F)(i)— (I) the Administration may not collect a guarantee fee under this paragraph for a loan of not more than $350,000