; processing of reimbursements Section 22(l)(7) of the Small Business Act ( 15 U.S.C. 649(l)(7) ) is amended by adding at the end the following: (C) Reporting by recipients; processing of reimbursements (i) In general The Associate Administrator shall establish for recipients of grants under the program a streamlined reporting process, template, or spreadsheet format to report information regarding the program and key performance indicators required by an Act of Congress that— (I) a State, territory, or commonwealth may use to upload required compliance reports relating to the grants; (II) minimizes the manual entry of specific data regarding eligible small business concerns, including performance data; (III) eliminates any duplicative or unnecessary reporting requirements that are not required for the Associate Administrator to— (aa) report the information specified in subparagraph (B); (bb) make allocations under paragraph (5)(B); or (cc) conduct necessary oversight of the program; (IV) to the extent feasible, accommodates the use and uploading of spreadsheets or templates generated from customer relationship management or spreadsheet software; and (V) may not require a State, territory, or commonwealth to submit information more frequently than twice per year. (ii) Processing of reimbursement requests The Associate Administrator shall— (I) process information submitted by a State, territory, or commonwealth for purposes of obtaining reimbursement for eligible activities in a timely manner, without regard to whether the information is submitted semiannually, as described in clause (i)(V), or quarterly, if the State, territory, or commonwealth elects to submit information quarterly; (II) notify a State, territory, or commonwealth if such information is not processed on or before the date that is 21 days after the date such information is submitted