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United States · Bill · S

S. 1445 (114th)

Microloan Act of 2015

referredUnited States· United States Congress· EN

Introduced

21 May 2015

Last action

21 May 2015 · Introduced

Status

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

Sponsors

Sen. Fischer, Deb [R-NE], Sen. Cantwell, Maria [D-WA], Sen. Peters, Gary C. [D-MI], Sen. Scott, Tim [R-SC]

Subjects

Discovery layer

Source updated

12 August 2025

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Summary

Microloan Act of 2015 This bill amends the Small Business Act to revise requirements for the Small Business Administration (SBA) Microloan Program (direct loans to eligible intermediaries for making fixed interest rate microloans to startup, newly established, or growing small businesses). The bill repeals the authority for each intermediary to expend certain grant amounts to: (1) provide information and technical assistance to small businesses that are prospective borrowers, and (2) enter into third party contracts to provide technical assistance. The bill also repeals minimum allocation requirements and authority to redistribute portions of remaining microloan funds in the third quarter. It is the sense of Congress that the SBA should promote the Microloan Program to encourage entrepreneurs to use it.

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

Timeline

  1. 21 May 2015

    Introduced

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

    Source: IntroReferral

  2. 21 May 2015

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 21 May 2015

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 21 May 2015

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 21 May 2015

    Open at official source

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Sponsors

Related records

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Sources

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