Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · S

S. 2850 (114th)

Microloan Program Modernization Act of 2016

openUnited States· United States Congress· EN

Introduced

26 April 2016

Last action

13 July 2016 · Committee

Status

By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-301.

Sponsors

Sen. Fischer, Deb [R-NE], Sen. Ayotte, Kelly [R-NH], Sen. Peters, Gary C. [D-MI], Sen. Coons, Christopher A. [D-DE], Sen. Shaheen, Jeanne [D-NH], Sen. Scott, Tim [R-SC]

Subjects

Discovery layer

Source updated

12 August 2025

Official sourceDownload fileView documentsShare

Summary

Microloan Program Modernization Act of 2016 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 and technical assistance to small business concerns that are their prospective borrowers. The total amount of loans outstanding and committed to any particular intermediary (excluding outstanding grants) from the SBA business loan and investment fund shall be increased from $5 million to $6 million for the remaining years of the intermediary's participation in the program. The SBA shall: compare the operations of a representative sample of eligible intermediaries that participate in the microloan program and of eligible intermediaries that do not, study the reasons why the latter do not participate, recommend how to encourage increased participation by intermediaries in the microloan program, and recommend how to decrease the associated costs for intermediary participation. The Government Accountability Office shall evaluate: SBA oversight of the microloan program, including oversight of participating intermediaries; and the specific processes the SBA uses to ensure program compliance by participating intermediaries and overall microloan program performance.

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

Timeline

  1. 26 April 2016

    Introduced

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

    Source: IntroReferral

  2. 26 April 2016

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 11 May 2016

    Reported

    Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.

    Source: Committee

  4. 24 May 2016

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 485.

    Source: Calendars

  5. 24 May 2016

    Reported

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with amendments. Without written report.

    Source: Committee

  6. 24 May 2016

    Reported

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with amendments. Without written report.

    Source: Committee

  7. 13 July 2016

    Floor

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-301.

    Source: Floor

  8. 13 July 2016

    Committee

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-301.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported to Senate (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Reported to Senate (text)

    Reported to Senate · EN · 24 May 2016

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 24 May 2016

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Reported to Senate with amendment(s)

    summary · EN · 24 May 2016

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 April 2016

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 April 2016

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in Senate

    summary · EN · 26 April 2016

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.