[Congressional Record Volume 164, Number 94 (Thursday, June 7, 2018)]
[Senate]
[Page S3351]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2464. Mrs. FISCHER (for herself, Ms. Duckworth, and Mrs. 
Gillibrand) submitted an amendment intended to be proposed to amendment 
SA 2282 submitted by Mr. Inhofe (for himself and Mr. McCain) and 
intended to be proposed to the bill H.R. 5515, to authorize 
appropriations for fiscal year 2019 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of subtitle F of title X, add the following:

     SEC. 1066. MICROLOAN PROGRAM.

       (a) Definitions.--In this section--
       (1) the term ``intermediary'' has the meaning given the 
     term in section 7(m)(11) of the Small Business Act (15 U.S.C. 
     636(m)(11)); and
       (2) the term ``microloan program'' means the program 
     established under section 7(m) of the Small Business Act (15 
     U.S.C. 636(m)).
       (b) Microloan Intermediary Lending Limit Increased.--
     Section 7(m)(3)(C) of the Small Business Act (15 U.S.C. 
     636(m)(3)(C)) is amended by striking ``$5,000,000'' and 
     inserting ``$6,000,000''.
       (c) SBA Study of Microenterprise Participation.--Not later 
     than 1 year after the date of enactment of this Act, the 
     Administrator of the Small Business Administration shall 
     conduct a study and submit to the Committee on Small Business 
     and Entrepreneurship of the Senate and the Committee on Small 
     Business of the House of Representatives a report on--
       (1) the operations (including services provided, structure, 
     size, and area of operation) of a representative sample of--
       (A) intermediaries that are eligible to participate in the 
     microloan program and that do participate; and
       (B) intermediaries (including those operated for profit, 
     operated not for profit, and those affiliated with a United 
     States institution of higher learning) that are eligible to 
     participate in the microloan program and that do not 
     participate;
       (2) the reasons why intermediaries described in paragraph 
     (1)(B) choose not to participate in the microloan program;
       (3) recommendations on how to encourage increased 
     participation in the microloan program by intermediaries 
     described in paragraph (1)(B); and
       (4) recommendations on how to decrease the costs associated 
     with participation in the microloan program for eligible 
     intermediaries.
       (d) GAO Study on Microloan Intermediary Practices.--Not 
     later than 1 year after the date of enactment of this Act, 
     the Comptroller General of the United States shall submit to 
     the Committee on Small Business and Entrepreneurship of the 
     Senate and the Committee on Small Business of the House of 
     Representatives a report evaluating--
       (1) oversight of the microloan program by the Small 
     Business Administration, including oversight of 
     intermediaries participating in the microloan program; and
       (2) the specific processes used by the Small Business 
     Administration to ensure--
       (A) compliance by intermediaries participating in the 
     microloan program; and
       (B) the overall performance of the microloan program.
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