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Bill107th CongressFiled Jan 24, 2001Commerce
S. 174

Microloan Program Improvement Act of 2001

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What it doesSummary passed senate amended (Nov 16, 2001)

Microloan Program Improvement Act of 2001 - Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to: (1) remove the requirement that such loans be short-term; (2) allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses that are prospective borrowers under the program; and (3) authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.

Authorizes the Administrator to make reduced interest rate loans to intermediaries that make Microloan small business loans which average not more than $10,000 (currently $7,500).

What just happenedApr 17, 2002

Ordered to be Reported (Amended).

Who’s behind it

Sen. Kerry, John F. [D-MA](D-MA)Sponsor
18 cosponsors13 D4 R1 I
Read on Congress.gov
18cosponsors2committees15actions1amendments17subjects
  1. Apr 17, 2002CommitteeH19000

    Ordered to be Reported (Amended).

    Small Business Committee
  2. Apr 17, 2002CommitteeH15000-B

    Committee Consideration and Mark-up Session Held.

    Small Business Committee
  3. Nov 19, 2001IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  4. Nov 19, 2001FloorH14000

    Received in the House.

  5. Nov 19, 2001Floor

    Message on Senate action sent to the House.

  6. Nov 16, 2001Floor

    Passed Senate with an amendment by Unanimous Consent. (text: CR S12014)

  7. Nov 16, 2001Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(text: CR S12014)

  8. Nov 16, 2001Floor

    Measure laid before Senate. (consideration: CR S12013-12014)

  9. Jun 1, 2001Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 55.

  10. Jun 1, 2001Committee

    Committee on Small Business. Reported by Senator Bond under authority of the order of the Senate of 05/26/2001 without amendment. With written report No. 107-18.

    Small Business and Entrepreneurship Committee
  11. Jun 1, 2001Committee14000

    Committee on Small Business. Reported by Senator Bond under authority of the order of the Senate of 05/26/2001 without amendment. With written report No. 107-18.

    Small Business and Entrepreneurship Committee
  12. Feb 28, 2001Committee

    Committee on Small Business. Ordered to be reported without amendment favorably.

    Small Business and Entrepreneurship Committee
  13. Jan 24, 2001IntroReferral

    Read twice and referred to the Committee on Small Business. (text of measure as introduced: CR S549)

    Small Business and Entrepreneurship Committee
  14. Jan 24, 2001IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S548-549)

  15. Jan 24, 2001IntroReferral10000

    Introduced in Senate

Passed Senate amendedNov 16, 200135
Microloan Program Improvement Act of 2001 - Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to: (1) remove the requirement that such loans be short-term; (2) allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses that are prospective borrowers under the program; and (3) authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.

Authorizes the Administrator to make reduced interest rate loans to intermediaries that make Microloan small business loans which average not more than $10,000 (currently $7,500).

Reported to Senate without amendmentJun 1, 200180
Microloan Program Improvement Act of 2001 - Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to: (1) remove the requirement that such loans be short-term; (2) allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses who are prospective borrowers under the program; and (3) authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.
Introduced in SenateJan 24, 200100
Microloan Program Improvement Act of 2001 - Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to: (1) remove the requirement that such loans be short-term; (2) allow up to 35 (currently 25) percent of grant funds made to intermediaries to be used to provide technical assistance to small businesses who are prospective borrowers under the program; and (3) authorize the Administrator of the Small Business Administration to use up to $1 million of the annual appropriations for technical assistance grants to subcontract with one or more national trade associations of eligible intermediaries or other knowledgeable entities to provide peer-to-peer capacity building and training to lenders and organizations seeking to become lenders under the program.