owned and controlled by women has the meaning given in section 3(n). . (b) SBA Express Loan guarantee fee waiver Section 7(a)(31) of the Small Business Act ( 15 U.S.C. 636(a)(31) ) is amended by adding at the end the following new subparagraph: (I) Guarantee fee waiver for certain small business concerns (i) Guarantee fee waiver The Administrator may not collect a guarantee fee described in paragraph (18) in connection with a loan made under this paragraph to a small business concern owned and controlled by socially and economically disadvantaged individuals or a small business concern owned and controlled by women on or after the date of the enactment of this subparagraph. (ii) Exception If the President’s budget for the upcoming fiscal year, submitted to Congress pursuant to section 1105(a) of title 31, United States Code, includes a cost for the program established under this subsection that is above zero, the requirements of clause (i) shall not apply to loans made during such upcoming fiscal year. (iii) Definitions In this subparagraph: (I) Small business concern owned and controlled by socially and economically disadvantaged individuals The term small business concern owned and controlled by socially and economically disadvantaged individuals has the meaning given in section 8(d)(3)(C). (II) Small business concern owned and controlled by women The term small business concern owned and controlled by women has the meaning given in section 3(n). .