H.R. 2056 — what changed
Microloan Modernization Act of 2017
From Introduced in House to Reported in House. 3 sections amended between Introduced in House and Reported in House.
Sec. 4 Microloan technical assistance
changed
Section 7(m)(4) 7(m)(4)(E) of the Small Business Act (15 U.S.C. 636(m)(4)) 636(m)(4)(E)) is amended—amended by striking “25 percent” each place such term appears and inserting “50 percent”.
removed
by striking subparagraph (E); and
removed
by redesignating subparagraph (F) as subparagraph (E).
Sec. 5 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—
the operations (including services provided, structure, size, and area of operation) of a representative sample of—
intermediaries that are eligible to participate in the microloan program and that do participate; and
changed
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;
changed
the reasons why eligible intermediaries described in paragraph (1)(B) choose not to participate in the microloan program;
changed
recommendations on how to encourage increased participation in the microloan program by eligible intermediaries described in paragraph (1)(B); and
recommendations on how to decrease the costs associated with participation in the microloan program for eligible intermediaries.
Sec. 6 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—
oversight of the microloan program by the Small Business Administration, including oversight of intermediaries participating in the microloan program; and
the specific processes used by the Small Business Administration to ensure—
compliance by intermediaries participating in the microloan program; and
changed
the overall performance of the microloan microloan program.