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- S.2850
S.2850: Microloan Program Modernization Act of 2016
About This Bill
- Introduced April 26, 2016
- Latest Major Action July 13, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (3 Democrats, 2 Republicans)
Bill Summary
Microloan Program Modernization Act of 2016 (Sec. 3) This bill amends the Small Business Act, with respect to the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business), to increase from $5 million to $6 million the total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
| Date | Description |
|---|---|
| July 13, 2016 |
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-301.
|
| May 24, 2016 |
Placed on Senate Legislative Calendar under General Orders. Calendar No. 485.
|
| May 24, 2016 |
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with amendments. Without written report.
|
| May 11, 2016 |
Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.
|
| April 26, 2016 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| April 26, 2016 |
Introduced in the Senate by Deb Fischer (R-Neb.) |