I 

116TH CONGRESS 

2D SESSION H. R. 7740 

To prioritize support for small business concerns with 10 or fewer employees 

by setting aside funds and increasing access to funding and other assistance, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

JULY 23, 2020 

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

Committee on Small Business 

A BILL 

To prioritize support for small business concerns with 10 

or fewer employees by setting aside funds and increasing 

access to funding and other assistance, 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 ‘‘Microbusiness Im5 provement and Coronavirus Recovery Opportunities for 

6 Business Success Act of 2020’’ or the ‘‘MICRO Business 

7 Success Act’’. 


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1 SEC. 2. SUPPORT FOR SMALL BUSINESS CONCERNS WITH 

2 10 OR FEWER EMPLOYEES. 

3 (a) PAYCHECK PROTECTION PROGRAM FUNDING AL4 LOTMENT.—With respect to unobligated amounts for the 

5 cost of guaranteed loans as authorized under section 

6 7(a)(36) of the Small Business Act (15 U.S.C. 

7 636(a)(36)) that are available on the date of the enact8 ment of this Act, the Small Business Administrator shall 

9 reserve not less than $20,000,000,000 of such amounts, 

10 or if the total of such amounts is less than 

11 $20,000,000,000, such total, for the cost of guaranteed 

12 loans made under such section to recipients with 10 or 

13 fewer employees. 

14 (b) MICROLOAN PROGRAM LOANS.—Section 7(m) of 

15 the Small Business Act (15 U.S.C. 636(m)) is amended— 

16 (1) in paragraph (3)(C), by striking ‘‘and 

17 $6,000,000’’ and inserting ‘‘and $10,000,000’’; and 

18 (2) in paragraph (4), by striking subparagraph 

19 (E). 

20 (c) DEVELOPMENT COMPANY ECONOMIC DEVELOP21 MENT OBJECTIVE.—Section 501(d)(3) of the Small Busi22 ness Investment Act of 1958 (15 U.S.C. 695(d)(3)) is 

23 amended— 

24 (1) in subparagraph (K), by striking the ‘‘or’’ 

25 at the end; 


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1 (2) in subparagraph (L), by striking the period 

2 at the end and inserting ‘‘, or’’; and 

3 (3) by adding at the end the following new sub4 paragraph: 

5 ‘‘(M) expansion of small business concerns 

6 with 10 or fewer employees.’’. 

7 (d) SMALL BUSINESS DEVELOPMENT CENTER AS8 SISTANCE.—Section 21(c)(3) of the Small Business Act 

9 (15 U.S.C. 648(c)(3)) is amended— 

10 (1) in subparagraph (T), by striking ‘‘and’’ at 

11 the end; 

12 (2) in first subparagraph (U), by striking the 

13 period at the end and inserting a semicolon; 

14 (3) by redesignating the second subparagraph 

15 (U) as subparagraph (V); 

16 (4) in subparagraph (V), as so redesignated, by 

17 striking the period at the end and inserting ‘‘; and’’; 

18 and 

19 (5) by adding the following new subparagraph: 

20 ‘‘(W) assisting small business concerns 

21 with 10 or fewer employees by, in addition to 

22 the foregoing, providing— 

23 ‘‘(i) information on, and assistance 

24 with, obtaining financing; 


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1 ‘‘(ii) information on financial record 

2 keeping; 

3 ‘‘(iii) business management advice on 

4 topics including daily operations and staff5 ing; and 

6 ‘‘(iv) technical assistance.’’. 

Æ 


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