To amend the Small Business Act to provide for expanded participation in the microloan program, and for other purposes.
(This measure has not been amended since it was reported to the House on July 12, 2017. The summary of that version is repeated here.)
Microloan Modernization Act of 2017
(Sec. 3) This bill amends the Small Business Act, with respect to the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business), to increase from $5 million to $6 million the total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund for the remaining years of the intermediary's participation in the program.
(Sec. 4) SBA-designated microloan intermediary lenders may expend up to 50% (currently, 25%) of the intensive marketing, management, and technical assistance grant funds they receive from the SBA to provide information and technical assistance to small business concerns that are their prospective borrowers.(Sec. 5) The SBA shall:
(Sec. 6) The Government Accountability Office shall evaluate:
Read twice and referred to the Committee on Finance.
Read twice and referred to the Committee on Finance.
Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Became Public Law No: 115-232.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Reported (Amended) by the Committee on Small Business. H. Rept. 115-214.
Reported (Amended) by the Committee on Small Business. H. Rept. 115-214.
Placed on the Union Calendar, Calendar No. 150.
Mr. Chabot moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6179-6181)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2056.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H6180)
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By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6180)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.