I 
110TH CONGRESS 
1ST SESSION H. R. 3020 
To amend the Small Business Act to improve the Microloan program, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 12, 2007 
Mr. CHABOT (for himself, Ms. VELA´ZQUEZ, Mr. CUELLAR, Ms. CLARKE, and 
Mr. LIPINSKI) 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. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Microloan Amendments and Modernization Act’’. 
(b) TABLE OF CONTENTS.—The table of contents for 
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. 
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Sec. 6. Technical assistance. 
Sec. 7. Entrepreneurs with disabilities. 
SEC. 2. TRANSMISSION OF CREDIT REPORTING INFORMA-
TION. 
Section 7(m) of the Small Business Act (15 U.S.C. 
636(m)) is amended by adding at the end the following: 
‘‘(14) CREDIT REPORTING INFORMATION.—The 
Administrator shall establish a process, for use by a 
lender making a loan to a borrower under this sub-
section, under which the lender provides to the 
major credit reporting agencies the information 
about the borrower that is relevant to credit report-
ing, such as the payment activity of the borrower on 
the loan.’’. 
SEC. 3. FLEXIBLE CREDIT. 
Section 7(m) of the Small Business Act (15 U.S.C. 
636(m)) is amended, in each of paragraphs (1)(B)(i) and 
(11)(B), by striking ‘‘short-term,’’. 
SEC. 4. INTERMEDIARY ELIGIBILITY REQUIREMENTS. 
Section 7(m)(2) of the Small Business Act (15 
U.S.C. 636(m)(2)) is amended— 
(1) in subparagraph (A) by striking ‘‘paragraph 
(10)’’ and inserting ‘‘paragraph (11)’’; and 
(2) by amending subparagraph (B) to read as 
follows: 
‘‘(B) has— 
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‘‘(i) at least— 
‘‘(I) 1 year of experience making 
microloans to startup, newly estab-
lished, or growing small business con-
cerns; or 
‘‘(II) 1 full-time employee who 
has not less than 3 years experience 
making microloans to startup, newly 
established, or growing small business 
concerns; and 
‘‘(ii) at least 1 year of experience pro-
viding, as an integral part of its microloan 
program, intensive marketing, manage-
ment, and technical assistance to its bor-
rowers.’’. 
SEC. 5. AVERAGE LOAN SIZE. 
Section 7(m) of the Small Business Act (15 U.S.C. 
636(m)) is amended by striking ‘‘$7,500’’ and inserting 
‘‘$10,000’’ in each of the following places: paragraph 
(3)(F)(iii), paragraph (6)(C)(i), and paragraph (6)(C)(ii). 
SEC. 6. TECHNICAL ASSISTANCE. 
Section 7(m)(4)(E) of the Small Business Act (15 
U.S.C. 636(m)(4)(E)) is amended as follows: 
(1) PRE-LOAN.—Clause (i) is amended by strik-
ing ‘‘25 percent’’ and inserting ‘‘35 percent’’. 
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(2) THIRD PARTY CONTRACTS.—Clause (ii) is 
amended by striking ‘‘25 percent’’ and inserting ‘‘35 
percent’’. 
SEC. 7. ENTREPRENEURS WITH DISABILITIES. 
Section 7(m)(1)(A)(i) of the Small Business Act (15 
U.S.C. 636(m)(1)(A)(i)) is amended by inserting ‘‘dis-
abled,’’ before ‘‘and minority entrepreneurs’’. 
Æ 
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