; and (2) does not include the Federal Agricultural Mortgage Corporation. (b) Facilitation of participation in PPP and second draw loans (1) Applicable rules Solely with respect to loans under paragraphs (36) and (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), Farm Credit Administration regulations and guidance issued as of July 14, 2020, and compliance with such regulations and guidance, shall be deemed functionally equivalent to requirements referenced in section 3(a)(iii)(II) of the interim final rule of the Administration entitled Business Loan Program Temporary Changes; Paycheck Protection Program (85 Fed. Reg. 20811 (April 15, 2020)) or any similar requirement referenced in that interim final rule in implementing such paragraph (37). (2) Applicability of certain loan requirements For purposes of making loans under paragraph (36) or (37) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) or forgiving those loans in accordance with section 1106 of the CARES Act ( 15 U.S.C. 9005 ) and subparagraph (H) of such paragraph (37), sections 4.13, 4.14, and 4.14A of the Farm Credit Act of 1971 ( 12 U.S.C. 2199 , 2202, 2202a) (including regulations issued under those sections) shall not apply. (3) Risk weight (A) In general With respect to the application of Farm Credit Administration capital requirements, a loan described in subparagraph (B)— (i) shall receive a risk weight of zero percent