3.0.0 2056 2023-01-11T13:36:00Z 2023-01-11T13:36:00Z House HR 2017-04-06 115 [Congressional Record Volume 163, Number 60 (Thursday, April 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. MURPHY of Florida:H.R. 2056.Congress has the power to enact this legislation pursuantto the following:Congress has the power to enact the MicroloanModernization Act of 2017 pursuant to Article I, Section 8,Clause 3 of the United States Constitution.[Page H2792]]]> sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2017-07-25T18:48:55Z hssm00 Small Business Committee House Standing Reported by 2017-07-12T19:42:49Z Markup by 2017-06-15T13:20:49Z Referred to 2017-04-06T13:04:45Z H. Rept. 115-214 Puerto Rico Economic Empowerment Act of 2018 115 3256 S 2018-07-24 Read twice and referred to the Committee on Finance. Related bill CRS Microloan Modernization Act of 2018 115 526 S 2018-12-20 By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452. Identical bill CRS Related bill House Puerto Rico Economic Empowerment Act of 2018 115 2873 S 2018-05-17 Read twice and referred to the Committee on Finance. Related bill CRS Puerto Rico Economic Empowerment Act of 2018 115 5975 HR 2018-05-25 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. Related bill CRS John S. McCain National Defense Authorization Act for Fiscal Year 2019 115 5515 HR 2018-08-13 Became Public Law No: 115-232. Related bill CRS 2017-07-25 sssb00 Small Business and Entrepreneurship Committee Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2017-07-24 16:40:17 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-07-24 16:40:15 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6180) Floor H37300 2 House floor actions 2017-07-24 16:40:15 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) Floor 8000 9 Library of Congress 2017-07-24 16:26:32 DEBATE - The House proceeded with forty minutes of debate on H.R. 2056. Floor H8D000 2 House floor actions 2017-07-24 16:26:30 Considered under suspension of the rules. (consideration: CR H6179-6181) Floor H30000 2 House floor actions 2017-07-24 16:26:15 Mr. Chabot moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2017-07-12 Placed on the Union Calendar, Calendar No. 150. Calendars H12410 2 House floor actions U00150 2017-07-12 Reported (Amended) by the Committee on Small Business. H. Rept. 115-214. Committee H12200 2 House floor actions hssm00 Small Business Committee 2017-07-12 Reported (Amended) by the Committee on Small Business. H. Rept. 115-214. Committee 5000 9 Library of Congress hssm00 Small Business Committee 2017-06-15 hssm00 Small Business Committee 1 House committee actions Ordered to be Reported (Amended). Committee 2017-06-15 hssm00 Small Business Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-04-06 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2017-04-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-06 Introduced in House IntroReferral 1000 9 Library of Congress M001202 Rep. Murphy, Stephanie N. [D-FL-7] Stephanie Murphy D FL N. 7 N V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2017-04-06 True M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2017-04-06 True B001298 Rep. Bacon, Don [R-NE-2] Don Bacon R NE 2 2017-05-15 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2017-05-16 False M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-05-19 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2017-05-24 False H001052 Rep. Harris, Andy [R-MD-1] Andy Harris R MD 1 2017-05-30 False G000582 Resident Commissioner González-Colón, Jenniffer [R-PR-At Large] Jenniffer Gonzalez-Colon R PR 0 2017-06-06 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2017-06-06 False S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2017-06-07 False T000472 Rep. Takano, Mark [D-CA-41] Mark Takano D CA 41 2017-06-15 False 2017-06-28T15:00:04Z H.R. 2056, Microloan Modernization Act of 2017 https://www.cbo.gov/publication/52855 As ordered reported by the House Committee on Small Business on June 15, 2017 Commerce Congressional oversight Government lending and loan guarantees Government studies and investigations Performance measurement Small business Commerce 00 2017-04-06 Introduced in House 2017-04-20T18:01:44Z Microloan Modernization Act of 2017

This bill amends the Small Business Act to repeal the "25/75" rule under the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business) that permits SBA-designated microloan intermediary lenders to expend up to 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.

The total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund shall be increased from $5 million to $6 million for the remaining years of the intermediary's participation in the program.

The SBA shall:

  • compare the operations of a representative sample of eligible intermediaries that participate in the microloan program and of eligible intermediaries that do not,
  • study the reasons why the latter do not participate,
  • recommend how to encourage increased participation by intermediaries in the microloan program, and
  • recommend how to decrease the associated costs for intermediary participation.

The Government Accountability Office shall evaluate:

  • SBA oversight of the microloan program, including oversight of participating intermediaries; and
  • the specific processes the SBA uses to ensure program compliance by participating intermediaries and overall microloan program performance.
]]> 17 2017-07-12 Reported to House with amendment(s) 2017-07-25T17:51:20Z 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:

  • compare the operations of a representative sample of eligible intermediaries that participate in the microloan program and of eligible intermediaries that do not,
  • study the reasons why the latter do not participate,
  • recommend how to encourage increased participation by intermediaries in the microloan program, and
  • recommend how to decrease the associated costs for intermediary participation.

(Sec. 6) The Government Accountability Office shall evaluate:

  • SBA oversight of the microloan program, including oversight of participating intermediaries; and
  • the specific processes the SBA uses to ensure program compliance by participating intermediaries and overall microloan program performance.
]]> 36 2017-07-24 Passed House amended 2017-07-27T18:47:57Z (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:

  • compare the operations of a representative sample of eligible intermediaries that participate in the microloan program and of eligible intermediaries that do not,
  • study the reasons why the latter do not participate,
  • recommend how to encourage increased participation by intermediaries in the microloan program, and
  • recommend how to decrease the associated costs for intermediary participation.

(Sec. 6) The Government Accountability Office shall evaluate:

  • SBA oversight of the microloan program, including oversight of participating intermediaries; and
  • the specific processes the SBA uses to ensure program compliance by participating intermediaries and overall microloan program performance.
]]> Microloan Modernization Act of 2017 Display Title Microloan Modernization Act of 2017 Official Title as Introduced To amend the Small Business Act to provide for expanded participation in the microloan program, and for other purposes. Introduced in House IH Short Titles as Introduced Microloan Modernization Act of 2017 Short Titles as Reported to House Microloan Modernization Act of 2017 H House Short Titles as Passed House Microloan Modernization Act of 2017 H House Referred in Senate 2017-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2056rfs/xml/BILLS-115hr2056rfs.xml Engrossed in House 2017-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2056eh/xml/BILLS-115hr2056eh.xml Reported in House 2017-07-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2056rh/xml/BILLS-115hr2056rh.xml Introduced in House 2017-04-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2056ih/xml/BILLS-115hr2056ih.xml 2017-07-25 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.