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- S.996
S.996: Microloan Program Enhancement Act of 2019
About This Bill
- Introduced April 2, 2019
- Latest Major Action June 3, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - April 2, 2019
Bill Summary
Microloan Program Enhancement Act of 2019 This bill expands access to financing through the Microloan Program of the Small Business Administration (SBA). Specifically, the bill eliminates a restriction that prevents the SBA from distributing more than 1/55th of its funding in any state during the first half of the year. The bill also raises the cap on the total amount that may be committed to an intermediary to provide loans under the program....
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 3, 2020 |
Committee on Small Business and Entrepreneurship. Hearings held.
|
| April 2, 2019 |
Read twice and referred to the Committee on Small Business and Entrepreneurship.
|
| April 2, 2019 |
Introduced in the Senate by Tammy Duckworth (D-Ill.) |