S. 996 · 116th Congress
Microloan Program Enhancement Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DuckworthSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill expands access to financing through the Microloan Program of the Small Business Administration (SBA).
What it does: CRS summary · Introduced in Senate · Apr 2, 2019
Microloan Program Enhancement Act of 2019
This bill expands access to financing through the Microloan Program of the Small Business Administration (SBA).
Specifically, the bill eliminates a restriction that prevents the SBA from distributing more than 1/55th of its funding in any state during the first half of the year. The bill also raises the cap on the total amount that may be committed to an intermediary to provide loans under the program. Lastly, the bill sets program levels for technical assistance grants and direct loans through FY2022.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Microloan Program Enhancement Act of 2019
Latest action (Jun 3, 2020): Committee on Small Business and Entrepreneurship. Hearings held.
Policy area: Commerce · Origin: Senate · Introduced: Apr 2, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.