I 

111TH CONGRESS 

1ST SESSION H. R. 1756 

To amend the Small Business Act to improve the Microloan program, and 

for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MARCH 26, 2009 

Mr. HELLER introduced the following bill; which was referred to the 

Committee on Small Business 

A BILL 

To amend the Small Business Act to improve the Microloan 

program, 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; TABLE OF CONTENTS. 

4 (a) SHORT TITLE.—This Act may be cited as the 

5 ‘‘Small Business Microloan Modernization Act of 2009’’. 

6 (b) TABLE OF CONTENTS.—The table of contents for 

7 this Act is as follows: 

Sec. 1. Short title; table of contents. 

Sec. 2. Transmission of credit reporting information. 

Sec. 3. Flexible credit. 

Sec. 4. Intermediary eligibility requirements. 

Sec. 5. Average loan size. 

Sec. 6. Technical assistance. 

Sec. 7. Entrepreneurs with disabilities. 


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1 SEC. 2. TRANSMISSION OF CREDIT REPORTING INFORMA2 TION. 

3 Section 7(m) of the Small Business Act (15 U.S.C. 

4 636(m)) is amended by adding at the end the following: 

5 ‘‘(14) CREDIT REPORTING INFORMATION.—The 

6 Administrator shall establish a process, for use by a 

7 lender making a loan to a borrower under this sub8 section, under which the lender provides to the 

9 major credit reporting agencies the information 

10 about the borrower that is relevant to credit report11 ing, such as the payment activity of the borrower on 

12 the loan.’’. 

13 SEC. 3. FLEXIBLE CREDIT. 

14 Section 7(m) of the Small Business Act (15 U.S.C. 

15 636(m)), as amended, is further amended, in each of para16 graphs (1)(B)(i), (6)(A), and (11)(B), by striking ‘‘short17 term,’’. 

18 SEC. 4. INTERMEDIARY ELIGIBILITY REQUIREMENTS. 

19 Section 7(m)(2) of the Small Business Act (15 

20 U.S.C. 636(m)(2)) is amended— 

21 (1) in subparagraph (A) by striking ‘‘paragraph 

22 (10)’’ and inserting ‘‘paragraph (11)’’; and 

23 (2) by amending subparagraph (B) to read as 

24 follows: 

25 ‘‘(B) has— 

26 ‘‘(i) at least— 


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1 ‘‘(I) 1 year of experience making 

2 microloans to startup, newly estab3 lished, or growing small business con4 cerns; or 

5 ‘‘(II) 1 full-time employee who 

6 has not less than 3 years experience 

7 making microloans to startup, newly 

8 established, or growing small business 

9 concerns; and 

10 ‘‘(ii) at least 1 year of experience pro11 viding, as an integral part of its microloan 

12 program, intensive marketing, manage13 ment, and technical assistance to its bor14 rowers.’’. 

15 SEC. 5. AVERAGE LOAN SIZE. 

16 Section 7(m) of the Small Business Act (15 U.S.C. 

17 636(m)), as amended, is further amended, in each of para18 graphs (3)(F)(iii), (6)(C)(i), and (6)(C)(ii), by striking 

19 ‘‘$7,500’’ and inserting ‘‘$10,000’’. 

20 SEC. 6. TECHNICAL ASSISTANCE. 

21 Section 7(m)(4)(E) of the Small Business Act (15 

22 U.S.C. 636(m)(4)(E)) is amended, in each of clauses (i) 

23 and (ii), by striking ‘‘25 percent’’ and inserting ‘‘35 per24 cent’’. 


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1 SEC. 7. ENTREPRENEURS WITH DISABILITIES. 

2 Section 7(m)(1)(A)(i) of the Small Business Act (15 

3 U.S.C. 636(m)(1)(A)(i)) is amended by inserting ‘‘dis4 abled,’’ before ‘‘and minority entrepreneurs’’. 

Æ 


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