S.526: Microloan Modernization Act of 2018

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About This Bill

Introduced March 2, 2017
Latest Major Action Dec. 20, 2018
See the two similar bills introduced in other congresses.

Bill Sponsor

Deb Fischer (R-Neb.)

Bill Cosponsors

7 (6 Democrats, 1 Republican)

Bill Versions

Engrossed in Senate - July 18, 2018
Reported to Senate - March 19, 2018
Introduced in Senate - March 2, 2017

Bill Summary

Microloan Modernization Act of 2017 This bill amends the Small Business Act to repeal the "25/75" rule under the Small Business Administration (SBA) Microloan Program (assisting low-income individuals to start and operate a small business) that permits SBA-designated microloan intermediary lenders to expend up to 25% of the intensive marketing, management, and technical assistance grant funds they receive from the SBA to provide information...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with S.526.

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Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for S.526.

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Bill Actions

Date	Description
Dec. 20, 2018	By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-452.
July 19, 2018	Message on Senate action sent to the House.
July 19, 2018	Held at the desk.
July 19, 2018	Received in the House.
July 18, 2018	Voice Vote in the Senate Passed Senate with an amendment by Voice Vote. (text: CR S5073)
July 18, 2018	Measure laid before Senate by unanimous consent. (consideration: CR S5072-5073)
July 18, 2018	Passed the Senate Passed Senate with an amendment by Voice Vote.
July 18, 2018	The committee substitute as amended agreed to by Unanimous Consent.
July 18, 2018	Measure laid before Senate by unanimous consent.
March 19, 2018	Placed on Senate Legislative Calendar under General Orders. Calendar No. 346.
March 19, 2018	Committee on Small Business and Entrepreneurship. Reported by Senator Risch with an amendment in the nature of a substitute. Without written report.
March 14, 2018	Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
March 2, 2017	Read twice and referred to the Committee on Small Business and Entrepreneurship.
March 2, 2017	Introduced in the Senate by Deb Fischer (R-Neb.)

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