IB 
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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A BILL 
To amend the Small Business Act to provide for expanded 
participation in the microloan program, and for other 
purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Microloan Moderniza-
tion Act of 2017’’. 
SEC. 2. DEFINITIONS. 
In this Act— 
(1) the term ‘‘intermediary’’ has the meaning 
given that term in section 7(m)(11) of the Small 
Business Act (15 U.S.C. 636(m)(11)); and 
(2) the term ‘‘microloan program’’ means the 
program established under section 7(m) of the Small 
Business Act (15 U.S.C. 636(m)). 
SEC. 3. MICROLOAN INTERMEDIARY LENDING LIMIT IN-
CREASED. 
Section 7(m)(3)(C) of the Small Business Act (15 
U.S.C. 636(m)(3)(C)) is amended by striking ‘‘$5,000,000’’ 
and inserting ‘‘$6,000,000’’. 
SEC. 4. MICROLOAN TECHNICAL ASSISTANCE. 
Section 7(m)(4)(E) of the Small Business Act (15 
U.S.C. 636(m)(4)(E)) is amended by striking ‘‘25 percent’’ 
each place such term appears and inserting ‘‘50 percent’’. 
SEC. 5. SBA STUDY OF MICROENTERPRISE PARTICIPATION. 
Not later than 1 year after the date of enactment of 
this Act, the Administrator of the Small Business Adminis-
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tration shall conduct a study and submit to the Committee 
on Small Business and Entrepreneurship of the Senate and 
the Committee on Small Business of the House of Represent-
atives a report on— 
(1) the operations (including services provided, 
structure, size, and area of operation) of a representa-
tive sample of— 
(A) intermediaries that are eligible to par-
ticipate in the microloan program and that do 
participate; and 
(B) intermediaries that are eligible to par-
ticipate in the microloan program and that do 
not participate; 
(2) the reasons why eligible intermediaries de-
scribed in paragraph (1)(B) choose not to participate 
in the microloan program; 
(3) recommendations on how to encourage in-
creased participation in the microloan program by el-
igible intermediaries described in paragraph (1)(B); 
and 
(4) recommendations on how to decrease the costs 
associated with participation in the microloan pro-
gram for eligible intermediaries. 
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SEC. 6. GAO STUDY ON MICROLOAN INTERMEDIARY PRAC-
TICES. 
Not later than 1 year after the date of enactment of 
this Act, the Comptroller General of the United States shall 
submit to the Committee on Small Business and Entrepre-
neurship of the Senate and the Committee on Small Busi-
ness of the House of Representatives a report evaluating— 
(1) oversight of the microloan program by the 
Small Business Administration, including oversight 
of intermediaries participating in the microloan pro-
gram; and 
(2) the specific processes used by the Small Busi-
ness Administration to ensure— 
(A) compliance by intermediaries partici-
pating in the microloan program; and 
(B) 
the 
overall 
performance 
of 
the 
microloan program. 
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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 ex-
panded participation in the microloan program, 
and for other purposes. 
JULY 12, 2017 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
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