US Congress House Bill 2056 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 9-3)
Status: Engrossed on July 25 2017 - 50% progression, died in committee
Action: 2017-07-25 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Engrossed) [PDF]

Microloan Modernization Act of 2017 (Sec. 3) This bill amends the Small Business Act, with respect to the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business), to increase from $5 million to $6 million the total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund for the remaining years of the intermediary's participation in the program. (Sec. 4) SBA-designated microloan intermediary lenders may expend up to 50% (currently, 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. (Sec. 5) 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. (Sec. 6) 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.

Microloan Modernization Act of 2017

Rep. Stephanie Murphy [D-FL]	Rep. Nydia Velazquez [D-NY]	Rep. Seth Moulton [D-MA]	Rep. Don Bacon [R-NE]
Rep. Yvette Clarke [D-NY]	Rep. Gregory Meeks [D-NY]	Rep. Ron Kind [D-WI]	Rep. Andy Harris [R-MD]
Rep. Jenniffer Gonzalez-Colon [R-PR]	Rep. Derek Kilmer [D-WA]	Rep. Darren Soto [D-FL]	Rep. Mark Takano [D-CA]

Date	Chamber	Action
2017-07-25	Senate	Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
2017-07-24	House	Motion to reconsider laid on the table Agreed to without objection.
2017-07-24	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H6180)
2017-07-24	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 2056.
2017-07-24	House	Considered under suspension of the rules. (consideration: CR H6179-6181)
2017-07-24	House	Mr. Chabot moved to suspend the rules and pass the bill, as amended.
2017-07-12	House	Placed on the Union Calendar, Calendar No. 150.
2017-07-12	House	Reported (Amended) by the Committee on Small Business. H. Rept. 115-214.
2017-06-15	House	Ordered to be Reported (Amended).
2017-06-15	House	Committee Consideration and Mark-up Session Held.
2017-04-06	House	Referred to the House Committee on Small Business.
2017-04-06	House	Introduced in House

SB526 (Same As) 2018-12-20 - By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452.
HB5515 (Related) 2018-08-13 - Became Public Law No: 115-232.
SB2873 (Related) 2018-05-17 - Read twice and referred to the Committee on Finance.
HR1019 (Similar To) 2018-07-24 - Motion to reconsider laid on the table Agreed to without objection.
SB3256 (Related) 2018-07-24 - Read twice and referred to the Committee on Finance.
HB5975 (Related) 2018-05-25 - Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2056/all-info
Text	https://www.congress.gov/115/bills/hr2056/BILLS-115hr2056ih.pdf
Text	https://www.congress.gov/115/bills/hr2056/BILLS-115hr2056rh.pdf
Text	https://www.congress.gov/115/bills/hr2056/BILLS-115hr2056eh.pdf