3.0.0 526 2023-01-11T13:36:20Z 2023-01-11T13:36:20Z Senate S 2017-03-02 115 sssb00 Small Business and Entrepreneurship Committee Senate Standing Reported by 2018-03-19T20:36:04Z Markup by 2018-03-14T19:45:08Z Referred to 2017-03-02T22:13:55Z S. Rept. 115-452 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 Puerto Rico Task Force Economic Empowerment Act of 2017 115 2429 HR 2017-05-22 Referred to the Subcommittee on Health. Related bill CRS Puerto Rico Small Business Assistance Act of 2017 115 2488 HR 2017-05-17 Referred to the House Committee on Small Business. 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. Related bill CRS Microloan Modernization Act of 2017 115 2056 HR 2017-07-25 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Identical bill CRS Related bill House 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 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 2018-12-20 sssb00 Small Business and Entrepreneurship Committee Senate By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452. Floor 2018-12-20 By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452. Committee 14900 9 Library of Congress sssb00 Small Business and Entrepreneurship Committee 2018-07-19 15:54:24 Held at the desk. Floor H15000 2 House floor actions 2018-07-19 Senate Message on Senate action sent to the House. Floor 2018-07-19 11:58:49 Received in the House. Floor H14000 2 House floor actions 2018-07-18 Senate Passed Senate with an amendment by Voice Vote. (text: CR S5073) Floor 2018-07-18 Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.(text: CR S5073) Floor 17000 9 Library of Congress 2018-07-18 Senate The committee substitute as amended agreed to by Unanimous Consent. Floor 2018-07-18 Senate Measure laid before Senate by unanimous consent. (consideration: CR S5072-5073) Floor 2018-03-19 Senate Placed on Senate Legislative Calendar under General Orders. Calendar No. 346. Calendars 2018-03-19 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. Committee 2018-03-19 Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report. Committee 14000 9 Library of Congress sssb00 Small Business and Entrepreneurship Committee 2018-03-14 sssb00 Small Business and Entrepreneurship Committee Senate Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2017-03-02 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2017-03-02 Introduced in Senate IntroReferral 10000 9 Library of Congress F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE N C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2017-03-02 True S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2017-03-02 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-03-02 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2017-03-06 False P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2017-09-05 False D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN 2018-01-24 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2018-03-19 False 2018-04-13T20:02:00Z S. 526, Microloan Modernization Act of 2018 https://www.cbo.gov/publication/53749 As reported by the Senate Committee on Small Business and Entrepreneurship on March 19, 2018 Commerce Congressional oversight Government lending and loan guarantees Government studies and investigations Performance measurement Small business Commerce 00 2017-03-02 Introduced in Senate 2017-04-20T17:59:01Z 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.
]]> Microloan Modernization Act of 2018 Display Title Microloan Modernization Act of 2018 Official Title as Introduced A bill to amend the Small Business Act to provide for expanded participation in the microloan program, and for other purposes. Introduced in Senate IS Short Titles as Introduced Microloan Modernization Act of 2017 Short Titles as Reported to Senate Microloan Modernization Act of 2018 S Senate Short Titles as Passed Senate Microloan Modernization Act of 2018 S Senate 3397 115 SAMDT To strike section 4. 2020-12-15T17:48:53Z 2018-07-18 Amendment SA 3397 agreed to in Senate by Unanimous Consent. SA 3397 https://www.congress.gov/amendment/115th-congress/senate-amendment/3397 R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2018-07-18T04:00:00Z 2018-07-18T04:00:00Z Senate 115 S Senate S 526 Microloan Modernization Act of 2018 2023-01-11T13:36:20Z 6 2018-07-18 0 Senate Amendment SA 3397 agreed to in Senate by Unanimous Consent. Floor 2018-07-18 0 Senate Amendment SA 3397 proposed by Senator Rounds for Senator Risch. (consideration: CR S5073; text: CR S5073) To strike section 4. Floor 2018-07-18 Senate amendment submitted Floor 91000 9 Library of Congress 2018-07-18 Senate amendment proposed (on the floor): Amendment SA 3397 proposed by Senator Rounds for Senator Risch.(consideration: CR S5073; text: CR S5073) Floor 93000 9 Library of Congress 2018-07-18 Senate amendment agreed to: Amendment SA 3397 agreed to in Senate by Unanimous Consent. Floor 94000 9 Library of Congress Engrossed in Senate 2018-07-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s526es/xml/BILLS-115s526es.xml Reported to Senate 2018-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s526rs/xml/BILLS-115s526rs.xml Introduced in Senate 2017-03-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s526is/xml/BILLS-115s526is.xml 2018-12-20 By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452. 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.