3.0.0 138 2022-02-03T05:26:25Z 2022-07-27T16:27:18Z Senate S S 2005-01-24 109 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2005-01-25T00:00:49Z SBA Microenterprise Improvements Act 109 2640 HR 2006-01-20 Referred to the Subcommittee on Financial Institutions and Consumer Credit. Identical bill CRS 2005-01-24 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S355-356) IntroReferral 2005-01-24 Sponsor introductory remarks on measure. (CR S351-353) IntroReferral B00100 9 Library of Congress 2005-01-24 Introduced in Senate IntroReferral 10000 9 Library of Congress K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES N B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS 2005-01-24 True L000304 Sen. Lieberman, Joseph I. [D-CT] JOSEPH LIEBERMAN D CT I. 2006-07-19 False Commerce Armed Forces and National Security Business education Congress Congressional reporting requirements Economics and Public Finance Education Employee training Entrepreneurs Government Operations and Politics Government and business Government lending Government paperwork Grants-in-aid Indian education Labor and Employment Minorities Minority business enterprises Native Americans Nonprofit organizations Performance measurement Poverty Small business Social Welfare Subsidies Women Women in business Commerce 00 2005-01-24 Introduced in Senate 2005-02-18T20:44:44Z SBA Microenterprise Improvements Act - Amends the Small Business Act to revise the Small Business Administration's (SBA's) microloan program (a program under which SBA loans and grants are made to intermediaries, who then make loans to small businesses and provide to borrowers technical assistance, such as managerial and strategic advice) to: (1) revise eligibility requirements for microloan intermediaries; (2) increase from $7,500 to $10,000 the microloan small loan limit; (3) increase from 25 to 30 the percentage of a microloan grant that an intermediary may use to contract-out the provision of technical assistance by a third party; (4) remove the requirement that intermediaries make only short-term loans to small businesses; (5) require an annual report from the SBA to Congress on microloan amounts transferred to cover administrative expenses of technical assistance grants; (6) require the Administrator to develop a subsidy microloan program model that is more accurate than the current model; and (7) increase from 25 to 30 the percentage of technical assistance that an intermediary may provide to potential (rather than actual) borrowers.

Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to revise the Program for Investment in Microentrepreneurs (PRIME), a program to provide SBA assistance for the benefit of disadvantaged entrepreneurs through grants to qualified organizations. Authorizes a qualified organization to use grants to provide training and technical assistance to disadvantaged Native American entrepreneurs and prospective entrepreneurs. Requires each organization receiving assistance under PRIME to: (1) submit an annual activities report to the SBA; and (2) collect data on individuals counseled or trained and related information. Extends through FY 2007 the authorization of appropriations for PRIME.

]]> SBA Microenterprise Improvements Act Short Titles as Introduced SBA Microenterprise Improvements Act Display Title SBA Microenterprise Improvements Act Official Title as Introduced A bill to make improvements to the microenterprise programs administered by the Small Business Administration. Introduced in Senate 2005-01-24T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s138is/xml/BILLS-109s138is.xml 2005-01-24 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S355-356) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.