---
kind: "diff"
citation: "S. 526"
bill: "115-s-526"
heading: "Microloan Modernization Act of 2018"
from: "rs"
from_label: "Reported in Senate"
to: "es"
to_label: "Engrossed in Senate"
sections_amended: 3
sections_added: 0
sections_removed: 1
url: "https://uscodex.org/bills/115/s/526/changes/es"
---

# S. 526 — what changed

S. 526, Microloan Modernization Act of 2018 — 3 sections amended and 1 removed between Reported in Senate and Engrossed in Senate.

Edits are marked `<del>struck</del>` and `<ins>inserted</ins>`.

## Section 1 Short title

- This Act may be cited as the “Microloan Modernization Act of <del>2017”.</del><ins>2018”.</ins>

## Sec. 4 SBA study of microenterprise participation

- <del>Section 7(m)(4) </del><ins>Not later than 1 year after the date </ins>of <ins>enactment of this Act, </ins>the <ins>Administrator of the </ins>Small Business <del>Act (15 U.S.C. 636(m)(4)) is amended—</del><ins>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—</ins>
- (1) <del>by striking subparagraph (E); and</del><ins>the operations (including services provided, structure, size, and area of operation) of a representative sample of—</ins>
  - (A) <ins>intermediaries that are eligible to participate in the microloan program and that do participate; and</ins>
  - (B) <ins>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;</ins>
- (2) <del>by redesignating subparagraph (F) as subparagraph (E).</del><ins>the reasons why intermediaries described in paragraph (1)(B) choose not to participate in the microloan program;</ins>
- (3) <ins>recommendations on how to encourage increased participation in the microloan program by intermediaries described in paragraph (1)(B); and</ins>
- (4) <ins>recommendations on how to decrease the costs associated with participation in the microloan program for eligible intermediaries.</ins>

## Sec. 5 GAO study on microloan intermediary practices

- Not later than 1 year after the date of enactment of this Act, the <del>Administrator </del><ins>Comptroller General </ins>of the <del>Small Business Administration </del><ins>United States </ins>shall <del>conduct a study and </del>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 <del>on—</del><ins>evaluating—</ins>
- (1) <del>the operations (including services provided, structure, size, and area </del><ins>oversight </ins>of <del>operation) </del><ins>the microloan program by the Small Business Administration, including oversight </ins>of <del>a representative sample of—</del><ins>intermediaries participating in the microloan program; and</ins>
  - (A) <del>intermediaries that are eligible to participate in the microloan program and that do participate; and</del>
  - (B) <del>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;</del>
- (2) the <del>reasons why intermediaries described in paragraph (1)(B) choose not to participate in </del><ins>specific processes used by </ins>the <del>microloan program;</del><ins>Small Business Administration to ensure—</ins>
  - (A) <ins>compliance by intermediaries participating in the microloan program; and</ins>
  - (B) <ins>the overall performance of the microloan program.</ins>
- (3) <del>recommendations on how to encourage increased participation in the microloan program by intermediaries described in paragraph (1)(B); and</del>
- (4) <del>recommendations on how to decrease the costs associated with participation in the microloan program for eligible intermediaries.</del>

## Sec. 6 GAO study on microloan intermediary practices — removed

- <del>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—</del>
- (1) <del>oversight of the microloan program by the Small Business Administration, including oversight of intermediaries participating in the microloan program; and</del>
- (2) <del>the specific processes used by the Small Business Administration to ensure—</del>
  - (A) <del>compliance by intermediaries participating in the microloan program; and</del>
  - (B) <del>the overall performance of the mi­cro­loan program.</del>