[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 1445 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                S. 1445

 To improve the Microloan Program of the Small Business Administration.


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                   IN THE SENATE OF THE UNITED STATES

                              May 21, 2015

 Mrs. Fischer (for herself and Ms. Cantwell) introduced the following 
   bill; which was read twice and referred to the Committee on Small 
                     Business and Entrepreneurship

_______________________________________________________________________

                                 A BILL


 
 To improve the Microloan Program of the Small Business Administration.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Microloan Act of 2015''.

SEC. 2. MICROLOAN PROGRAM IMPROVEMENTS.

    (a) In General.--Section 7(m) of the Small Business Act (15 U.S.C. 
636(m)) is amended--
            (1) in paragraph (4)--
                    (A) by striking subparagraph (E); and
                    (B) by redesignating subparagraph (F) as 
                subparagraph (E); and
            (2) in paragraph (7)--
                    (A) by striking ``Program'' and all that follows 
                through ``Under the program authorized'' and inserting 
                ``Number of participants.--Under the program 
                authorized''; and
                    (B) by striking subparagraph (B).
    (b) Sense of Congress.--It is the sense of Congress that the 
Administrator of the Small Business Administration should promote the 
Microloan Program under section 7(m) of the Small Business Act (15 
U.S.C. 636(m)) to encourage entrepreneurs to use the program.
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