Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 2056
115th Congress(2017-2018)
Microloan Modernization Act of 2017
Active
Active
Passed House on Jul 24, 2017
Overview
Text
Introduced
Apr 6, 2017
Latest Action
Jul 25, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2056
Congress
115
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Stephanie Murphy
Florida
Democrat
Mark Takano
California
Democrat
Darren Soto
Florida
Republican
Andy Harris
Maryland
Democrat
Seth Moulton
Massachusetts
Republican
Don Bacon
Nebraska
Democrat
Gregory Meeks
New York
Democrat
Nydia Velazquez
New York
Democrat
Yvette Clarke
New York
Republican
Jenniffer González-Colón
Puerto Rico
Democrat
Derek Kilmer
Washington
Democrat
Ron Kind
Wisconsin
House Votes (1)
Senate Votes (0)
checkPassed on July 24, 2017
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
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)
Summary

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.
Text (4)
Referred in Senate
July 25, 2017
Engrossed in House
July 24, 2017
Reported in House
July 12, 2017
Introduced in House
April 6, 2017
Related Bills (5)
Aug 13, 2018
Became Public Law 115-232
2
Sponsorship
House Bill 5515
John S. McCain National Defense Authorization Act for Fiscal Year 2019
Became Law
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jul 24, 2018
Introduced in Senate
2
Sponsorship
Senate Bill 3256
Puerto Rico Economic Empowerment Act of 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jul 18, 2018
Passed Senate
8
Sponsorship
Senate Bill 526
Microloan Modernization Act of 2018
Active
Amendments
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
House
May 25, 2018
Introduced in House
7
Sponsorship
House Bill 5975
Puerto Rico Economic Empowerment Act of 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
May 17, 2018
Introduced in Senate
2
Sponsorship
Senate Bill 2873
Puerto Rico Economic Empowerment Act of 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (13)
07/25/2017
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
07/24/2017
Motion to reconsider laid on the table Agreed to without objection.
07/24/2017
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6180)
07/24/2017
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)
07/24/2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2056.
07/24/2017
Considered under suspension of the rules. (consideration: CR H6179-6181)
07/24/2017
Mr. Chabot moved to suspend the rules and pass the bill, as amended.
07/12/2017
Placed on the Union Calendar, Calendar No. 150.
07/12/2017
Reported (Amended) by the Committee on Small Business. H. Rept. 115-214.
06/15/2017
Ordered to be Reported (Amended).
06/15/2017
Committee Consideration and Mark-up Session Held.
04/06/2017
Referred to the House Committee on Small Business.
04/06/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:36:00 PM
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