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Union Calendar No. 150 

115TH CONGRESS 

1ST SESSION H. R. 2056 

[Report No. 115–214] 

To amend the Small Business Act to provide for expanded participation 

in the microloan program, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 6, 2017 

Mrs. MURPHY of Florida (for herself, Ms. VELA ́ZQUEZ, and Mr. MOULTON) 

introduced the following bill; which was referred to the Committee on 

Small Business 

JULY 12, 2017 

Additional sponsors: Mr. BACON, Ms. CLARKE of New York, Mr. MEEKS, Mr. 

KIND, Mr. HARRIS, Miss GONZA ́LEZ-COLO ́N of Puerto Rico, Mr. KILMER, 

Mr. SOTO, and Mr. TAKANO

JULY 12, 2017 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on April 6, 2017] 


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•HR 2056 RH

A BILL 

To amend the Small Business Act to provide for expanded 

participation in the microloan program, and for other 

purposes. 


sradovich on DSK3GMQ082PROD with BILLS
3 

•HR 2056 RH

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 Moderniza5 tion Act of 2017’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act— 

8 (1) the term ‘‘intermediary’’ has the meaning 

9 given that term in section 7(m)(11) of the Small 

10 Business Act (15 U.S.C. 636(m)(11)); and 

11 (2) the term ‘‘microloan program’’ means the 

12 program established under section 7(m) of the Small 

13 Business Act (15 U.S.C. 636(m)). 

14 SEC. 3. MICROLOAN INTERMEDIARY LENDING LIMIT IN15 CREASED. 

16 Section 7(m)(3)(C) of the Small Business Act (15 

17 U.S.C. 636(m)(3)(C)) is amended by striking ‘‘$5,000,000’’ 

18 and inserting ‘‘$6,000,000’’. 

19 SEC. 4. MICROLOAN TECHNICAL ASSISTANCE. 

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

21 U.S.C. 636(m)(4)(E)) is amended by striking ‘‘25 percent’’ 

22 each place such term appears and inserting ‘‘50 percent’’. 

23 SEC. 5. SBA STUDY OF MICROENTERPRISE PARTICIPATION. 

24 Not later than 1 year after the date of enactment of 

25 this Act, the Administrator of the Small Business AdminisVerDate Sep 11 2014 22:45 Jul 12, 2017 Jkt 069200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6203 E:\BILLS\H2056.RH H2056

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•HR 2056 RH

1 tration shall conduct a study and submit to the Committee 

2 on Small Business and Entrepreneurship of the Senate and 

3 the Committee on Small Business of the House of Represent4 atives a report on— 

5 (1) the operations (including services provided, 

6 structure, size, and area of operation) of a representa7 tive sample of— 

8 (A) intermediaries that are eligible to par9 ticipate in the microloan program and that do 

10 participate; and 

11 (B) intermediaries that are eligible to par12 ticipate in the microloan program and that do 

13 not participate; 

14 (2) the reasons why eligible intermediaries de15 scribed in paragraph (1)(B) choose not to participate 

16 in the microloan program; 

17 (3) recommendations on how to encourage in18 creased participation in the microloan program by el19 igible intermediaries described in paragraph (1)(B); 

20 and 

21 (4) recommendations on how to decrease the costs 

22 associated with participation in the microloan pro23 gram for eligible intermediaries. 


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•HR 2056 RH

1 SEC. 6. GAO STUDY ON MICROLOAN INTERMEDIARY PRAC2 TICES. 

3 Not later than 1 year after the date of enactment of 

4 this Act, the Comptroller General of the United States shall 

5 submit to the Committee on Small Business and Entrepre6 neurship of the Senate and the Committee on Small Busi7 ness of the House of Representatives a report evaluating— 

8 (1) oversight of the microloan program by the 

9 Small Business Administration, including oversight 

10 of intermediaries participating in the microloan pro11 gram; and 

12 (2) the specific processes used by the Small Busi13 ness Administration to ensure— 

14 (A) compliance by intermediaries partici15 pating in the microloan program; and 

16 (B) the overall performance of the 

17 microloan program. 


sradovich on DSK3GMQ082PROD with BILLS
Union Calendar No. 150 

115TH CONGRESS 

1ST SESSION H. R. 2056 

[Report No. 115–214] 

A BILL 

To amend the Small Business Act to provide for exand for other purposes. panded participation in the microloan program, 

JULY 12, 2017 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


sradovich on DSK3GMQ082PROD with BILLS