1. Short title This Act may be cited as the Small-Dollar and Veterans Loans Enhancement Act . 2. Fee waiver exceptions for small-dollar and veteran express loans (a) In general Section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) is amended— (1) in paragraph (18)(A), in the matter preceding clause (i), by striking With respect and inserting Except as provided in paragraph (36), with respect ; (2) in paragraph (23)(A), by striking With respect and inserting Except as provided in paragraph (36), with respect ; (3) in paragraph (31)(G)(ii), by striking If and inserting Except as provided in paragraph (36), if ; and (4) by adding at the end the following: (36) Guarantee and yearly fee waivers for small-dollar loans (A) Definition In this paragraph, the term cost has the meaning given the term in section 502 of the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661a ). (B) Waiver or reduction in fees In each fiscal year, to the extent that the cost of such elimination or reduction of fees is offset by appropriations, the Administrator shall— (i) with respect to each loan guaranteed under this subsection that is not more than $150,000— (I) in lieu of the fee otherwise applicable under paragraph (18)(A), collect no fee or reduce fees to the maximum extent possible; and (II) in lieu of the fee otherwise applicable under paragraph (23)(A), collect no fee or reduce fees to the maximum extent possible; and (ii) in lieu of the fee otherwise applicable under paragraph (18)(A) to veterans or spouses of veterans in connection with a loan made under paragraph (31), based on paragraph (31)(G)(ii), collect no fee or reduce fees to the maximum extent possible. (C) Application of fee relief If the Administrator is required to waive or reduce fees under subparagraph (B)— (i) the Administrator shall first use any amounts provided to eliminate or reduce fees under paragraph (18)(A) paid by veterans or spouses of veterans in connection with a loan made under paragraph (31), to the maximum extent possible