; and (2) the amount authorized for commitments for general business loans under the heading Business Loans Program Account in title V of the Financial Services and General Government Appropriations Act, 2023 (division E of Public Law 117–328 ) shall not apply with respect to the loans described in paragraph (1). (d) Express loans Section 7(a)(31)(D) of the Small Business Act ( 15 U.S.C. 636(a)(31)(D) ) is amended by striking $500,000 and inserting $1,000,000 . 4. Loan forgiveness (a) Definitions In this section: (1) Administration The term Administration means the Small Business Administration. (2) Administrator The term Administrator means the Administrator of the Small Business Administration. (3) Covered Loan The term covered loan means— (A) a loan of more than $500 made under paragraph (1) or (2) of section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) ) during the period beginning on August 8, 2023, and ending on May 10, 2024 in response to the Hawai’i Wildfires; or (B) a loan guaranteed under paragraph (38) of section 7(a) of such Act ( 15 U.S.C. 636(a) ), as added by section 3(a). (4) Covered mortgage obligation The term covered mortgage obligation means any indebtedness or debt instrument incurred in the ordinary course of business that— (A) is a liability of the borrower; (B) is a mortgage on real or personal property; and (C) was incurred before August 8, 2023. (5) Covered operations expenditure The term covered operations expenditure has the meaning given such term in section 7A(a) of the Small Business Act ( 15 U.S.C. 636m(a) ). (6) Covered period The term covered period means the period— (A) beginning on the date of the origination of a covered loan; and (B) ending on a date selected by the eligible recipient of the covered loan that occurs during the period— (i) beginning on the date that is 8 weeks after such date of origination