1. Short title This Act may be cited as the Commercial Geostationary Remote Sensing Act of 2023 . 2. Authority for Director of the National Geospatial-Intelligence Agency to issue direct loans to certain small businesses (a) Purpose The purpose of this Act is to improve the opportunity of small businesses to participate in the satellite imaging capabilities that may be used for national security purposes, including the acquisition of geospatial intelligence in furtherance of the national security of the United States. (b) Authority To issue direct loans (1) In general Subject to the Federal Credit Reform Act of 1990 ( 2 U.S.C. 661 et seq. ), the Director of the National Geospatial-Intelligence Agency may issue a direct loan under this Act to an eligible entity for the purpose of financing the covered costs of an eligible project of the eligible entity. (2) Maximum amount of direct loans authorized The aggregate principal amount of direct loans issued under this Act, including all capitalized interest, may not exceed $2,500,000,000. (c) Applications (1) In general To receive a direct loan under this Act, an eligible entity shall submit to the Director an application therefor at such time, in such manner, and containing such information as the Director may require. (2) Demonstration of prospects of repayment An application for a direct loan submitted under paragraph (1) shall include information demonstrating that the applicant has a reasonable ability to repay the loan without using the proceeds of sales to the Federal Government, in accordance with subsection (e)(2)(B). (3) Complete application (A) Timing on notification as to completeness Not later than 30 business days after receiving an application pursuant to paragraph (1), the Director shall notify the applicant as to whether the application received constitutes a complete application. (B) Submission date for a complete application Except as provided in subparagraph (D), a complete application shall be treated as submitted on the date originally submitted