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United States · Bill · HR

H.R. 3020 (110th)

Microloan Amendments and Modernization Act

referredUnited States· United States Congress· EN

Introduced

12 July 2007

Last action

5 September 2007 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsors

Rep. Chabot, Steve [R-OH-1], Rep. Velázquez, Nydia M. [D-NY-7], Rep. Cuellar, Henry [D-TX-28], Rep. Clarke, Yvette D. [D-NY-9], Rep. Lipinski, Daniel [D-IL-3], Rep. Braley, Bruce L. [D-IA-1]

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Microloan Amendments and Modernization Act - Amends provisions of the Small Business Act regarding the Microloan program (a program administered by the Small Business Administration [SBA] to provide small-scale loans to startup, newly established or growing small businesses for working capital or the acquisition of materials, supplies, or equipment) to: (1) require the SBA Administrator to establish a process under which a lender provides to the major credit reporting agencies information about the borrower that is relevant to credit reporting (such as loan payment activity); (2) remove the requirement that Microloan loans be short-term only; (3) revise Microloan intermediary eligibility requirements; (4) increase from $7,500 to $10,000 the limit for loans made to intermediaries that will receive a reduced interest rate; (5) increase from 25% to 35% of grant funds received by Microloan intermediaries the amount that may be used to provide information and technical assistance to small businesses that are prospective borrowers; and (6) include disabled entrepreneurs and small business owners under the Microloan program.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 12 July 2007

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 12 July 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 12 July 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 19 July 2007

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  5. 19 July 2007

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 4 September 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  7. 4 September 2007

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 5 (Roll no. 848). (text: CR H10029-10030)

    Source: Floor

  8. 4 September 2007

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 385 - 5 (Roll no. 848).(text: CR H10029-10030)

    Source: Floor

  9. 4 September 2007

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  10. 4 September 2007

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3020.

    Source: Floor

  11. 4 September 2007

    Floor

    Considered under suspension of the rules. (consideration: CR H10029-10032)

    Source: Floor

  12. 4 September 2007

    Floor

    Ms. Velazquez moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  13. 4 September 2007

    Calendars

    Placed on the Union Calendar, Calendar No. 199.

    Source: Calendars

  14. 4 September 2007

    Reported

    Reported (Amended) by the Committee on Small Business. H. Rept. 110-313.

    Source: Committee

  15. 4 September 2007

    Reported

    Reported (Amended) by the Committee on Small Business. H. Rept. 110-313.

    Source: Committee

  16. 5 September 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 5 September 2007

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 5 September 2007

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  • Reported in House (text)

    Reported in House · EN · 4 September 2007

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  • Reported in House (PDF)

    Reported in House · EN · 4 September 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 4 September 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 4 September 2007

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  • Passed House amended

    summary · EN · 4 September 2007

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  • Reported to House with amendment(s)

    summary · EN · 4 September 2007

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  • Introduced in House (text)

    Introduced in House · EN · 12 July 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 July 2007

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  • Introduced in House

    summary · EN · 12 July 2007

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Sponsors

Related records

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Sources

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