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<BillSummaries>
<item congress="113" measure-type="s" measure-number="2487" measure-id="id113s2487" originChamber="SENATE" orig-publish-date="2014-06-18" update-date="2014-09-03">
<title>Access to Capital, Access to Opportunity Act</title>
<summary summary-id="id113s2487v00" currentChamber="SENATE" update-date="2014-09-03">
<action-date>2014-06-18</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>Access to Capital, Access to Opportunity Act - Amends the Small Business Act to increase from $50,000 to $100,000 the maximum amount of a loan under the microloan program.</p>  <p>Authorizes the Administrator of the Small Business Administration (SBA) to use amounts made available for administrative expenses to carry out the direct and guaranteed loan programs to pay for any costs associated with these increases.</p> <p>Requires the Administrator to develop and adopt outcome-oriented standards to measure the microloan program's performance, including the recommendations provided in the SBA Office of Inspector General Memorandum ROM-10-10, &quot;SBA's Administration of the Microloan Program under the Recovery Act,&quot; issued December 28, 2009.</p> <p>Authorizes the Administrator to educate individuals, including owners and operators of small businesses and aspiring entrepreneurs, about the microloan program.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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