The Administrator may not decline to purchase or guarantee a debenture made under this title to an otherwise eligible small business investment company solely because such small business investment company provides financing to an entity that is a cannabis-related legitimate business or service provider (as defined in section 7(a)(38) of the Small Business Act). . 405. State or local development loan non-discrimination Title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq. ) is amended by adding at the end the following new section: 511. Loans to cannabis-related legitimate businesses and service providers The Administrator may not decline to provide a guarantee for a loan under this title to an otherwise eligible State or local development company solely because such State or local development company provides financing to an entity that is a cannabis-related legitimate business or service provider (as defined in section 7(a)(36) of the Small Business Act). . 406. Rulemaking and disbursement Not later than 30 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall issue or amend any rules or interim final rules, standard operating procedures, other legal or policy guidance necessary to carry out the requirements of this Act and the amendments made by this Act. The Administrator shall begin incurring obligations and disbursing funds made available to the Administration for the purposes of carrying out this Act within 45 days of the enactment of this Act. 407. Administrative Procedure Act and mandamus remedies Should the Administrator fail to issue or amend any rules or interim final rules, standard operating procedures, other legal or policy guidance necessary to carry out the requirements of this Act and the amendments made by this Act within the 30 days described above, or fail to make an application decision within 30 days of submission of a completed application, an applicant shall have the right to compel action under the