IIB 
115TH CONGRESS 
1ST SESSION H. R. 2056 
IN THE SENATE OF THE UNITED STATES 
JULY 25, 2017 
Received; read twice and referred to the Committee on Small Business and 
Entrepreneurship 
AN ACT 
To amend the Small Business Act to provide for expanded 
participation in 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, 
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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 per-
cent’’ each place such term appears and inserting ‘‘50 per-
cent’’. 
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 Ad-
ministration shall conduct a study and submit to the Com-
mittee on Small Business and Entrepreneurship of the 
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Senate and the Committee on Small Business of the 
House of Representatives a report on— 
(1) the operations (including services provided, 
structure, size, and area of operation) of a rep-
resentative 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 partici-
pate in the microloan program; 
(3) recommendations on how to encourage in-
creased participation in the microloan program by 
eligible 
intermediaries 
described 
in 
paragraph 
(1)(B); and 
(4) recommendations on how to decrease the 
costs associated with participation in the microloan 
program for eligible intermediaries. 
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 
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shall submit to the Committee on Small Business and En-
trepreneurship of the Senate and the Committee on Small 
Business of the House of Representatives a report evalu-
ating— 
(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 
Business Administration to ensure— 
(A) compliance by intermediaries partici-
pating in the microloan program; and 
(B) 
the 
overall 
performance 
of 
the 
microloan program. 
Passed the House of Representatives July 24, 2017. 
Attest: 
KAREN L. HAAS, 
Clerk. 
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