Microloan Program Enhancement Act of 2019
Bill journey · stage 1 of 5
Just introduced
What it doesSummary 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.
What just happenedJun 3, 2020
Committee on Small Business and Entrepreneurship. Hearings held.
Who’s behind it
- Introduced in SenateApr 2, 2019
- Jun 3, 2020Committee
Committee on Small Business and Entrepreneurship. Hearings held.
Small Business and Entrepreneurship Committee - Apr 2, 2019IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Apr 2, 2019IntroReferral10000
Introduced in Senate