II 

116TH CONGRESS 

1ST SESSION S. 996 

To modify the microloan program of the Small Business Administration, 

and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

APRIL 2, 2019 

Ms. DUCKWORTH introduced the following bill; which was read twice and 

referred to the Committee on Small Business and Entrepreneurship 

A BILL 

To modify the microloan program of the Small Business 

Administration, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Microloan Program 

5 Enhancement Act of 2019’’. 

6 SEC. 2. MICROLOAN PROGRAM. 

7 (a) IN GENERAL.—Section 7(m) of the Small Busi8 ness Act (15 U.S.C. 636(m)) is amended— 

9 (1) in paragraph (3)(C)— 


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1 (A) by striking ‘‘and $6,000,000’’ and in2 serting ‘‘, $7,000,000, in the aggregate,’’; and 

3 (B) by inserting before the period at the 

4 end the following: ‘‘, and $3,000,000 in any of 

5 those remaining years’’; 

6 (2) in paragraph (4)— 

7 (A) in subparagraph (A), by striking ‘‘sub8 paragraph (C)’’ each place that term appears 

9 and inserting ‘‘subparagraphs (C) and (G)’’; 

10 (B) in subparagraph (C)(i), by striking 

11 ‘‘subparagraph (A)’’ and inserting ‘‘subpara12 graphs (A) and (G)’’; and 

13 (C) by adding at the end the following: 

14 ‘‘(G) GRANT AMOUNTS BASED ON APPRO15 PRIATIONS.—In any fiscal year in which the 

16 amount appropriated to make grants under 

17 subparagraph (A) is sufficient to provide to 

18 each intermediary that receives a loan under 

19 paragraph (1)(B)(i) a grant of not less than 25 

20 percent of the total outstanding balance of 

21 loans made to the intermediary under this sub22 section, the Administration shall make a grant 

23 under subparagraph (A) to each intermediary 

24 of not less than 25 percent and not more than 


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1 30 percent of that total outstanding balance for 

2 the intermediary.’’; 

3 (3) in paragraph (8)— 

4 (A) by striking ‘‘In approving’’ and insert5 ing the following: 

6 ‘‘(A) IN GENERAL.—In approving’’; and 

7 (B) by adding at the end the following: 

8 ‘‘(B) ANNUAL REPORT.—The Adminis9 trator shall, on an annual basis, submit to the 

10 Committee on Small Business and Entrepre11 neurship of the Senate and the Committee on 

12 Small Business of the House of Representa13 tives, and make publicly available on the 

14 website of the Administration, a report on how 

15 the Administration has met the requirements of 

16 subparagraph (A).’’; and 

17 (4) in paragraph (10)— 

18 (A) in the matter preceding subparagraph 

19 (A)— 

20 (i) by striking ‘‘On November 1, 

21 1995, the Administration shall’’ and in22 serting ‘‘The Administration shall, on an 

23 annual basis,’’; 


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1 (ii) by inserting ‘‘and make available 

2 to the public on the website of the Admin3 istration’’ after ‘‘Representatives’’; and 

(iii) by striking ‘‘of the first 3 1 4 ⁄2

5 years’’; 

6 (B) in subparagraph (F), by striking 

7 ‘‘and’’ at the end; 

8 (C) by redesignating subparagraph (G) as 

9 subparagraph (I); and 

10 (D) by inserting after subparagraph (F) 

11 the following: 

12 ‘‘(G) the number of small business con13 cerns that received a microloan that remain in 

14 business after completing the final payment of 

15 the microloan; 

16 ‘‘(H) the number of jobs created and re17 tained by small business concerns after com18 pleting the final payment of the microloan; 

19 and’’. 

20 (b) MINIMUM ALLOCATION.—Section 7(m) of the 

21 Small Business Act (15 U.S.C. 636(m)) is amended by 

22 striking paragraph (7) and inserting the following: 

23 ‘‘(7) PROGRAM FUNDING FOR MICROLOANS.— 

24 Under the program authorized by this subsection, 


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1 the Administration may fund, on a competitive basis, 

2 not more than 300 intermediaries.’’. 

3 (c) PROGRAM LEVELS.—Section 20 of the Small 

4 Business Act (15 U.S.C. 631 note) is amended by adding 

5 at the end the following: 

6 ‘‘(h) MICROLOAN PROGRAM.—The following program 

7 levels are authorized for the microloan program under sec8 tion 7(m): 

9 ‘‘(1) FISCAL YEAR 2020.—For the programs au10 thorized by this Act, the Administration is author11 ized to make, for fiscal year 2020— 

12 ‘‘(A) $80,000,000 in technical assistance 

13 grants, as provided in section 7(m); and 

14 ‘‘(B) $110,000,000 in direct loans, as pro15 vided in section 7(m). 

16 ‘‘(2) FISCAL YEAR 2021.—For the programs au17 thorized by this Act, the Administration is author18 ized to make, for fiscal year 2021— 

19 ‘‘(A) $80,000,000 in technical assistance 

20 grants, as provided in section 7(m); and 

21 ‘‘(B) $110,000,000 in direct loans, as pro22 vided in section 7(m). 

23 ‘‘(3) FISCAL YEAR 2022.—For the programs au24 thorized by this Act, the Administration is author25 ized to make, for fiscal year 2022— 


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1 ‘‘(A) $80,000,000 in technical assistance 

2 grants, as provided in section 7(m); and 

3 ‘‘(B) $110,000,000 in direct loans, as pro4 vided in section 7(m).’’. 

Æ 


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