1. Short title This Act may be cited as the Fair Access to Small Business Lending Act of 2023 . 2. Fair access to small business lending Section 7(a)(17) of the Small Business Act ( 15 U.S.C. 636(a)(17) ) is amended— (1) by striking (17) The Administration and inserting the following: (17) Authorization of lenders (A) In general The Administration ; and (2) by adding at the end the following: (B) Access to capital for underserved markets (i) Definitions In this subparagraph— (I) the term covered Non-Federally Regulated Lender means a Non-Federally Regulated Lender (as defined in section 120.10 of title 13, Code of Federal Regulations, or any successor thereto) that— (aa) has not been approved to make loans guaranteed under this subsection; and (bb) meets the applicable criteria for authorizing lenders to make loans guaranteed under this subsection