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United States · Bill · S

S. 409 (106th)

PRIME Act

referredUnited States· United States Congress· EN

Introduced

10 February 1999

Last action

10 February 1999 · Introduced

Status

Read twice and referred to the Committee on Banking.

Sponsors

Sen. Kennedy, Edward M. [D-MA], Sen. Domenici, Pete V. [R-NM], Sen. Reid, Harry [D-NV], Sen. Grassley, Chuck [R-IA], Sen. Abraham, Spencer [R-MI], Sen. Robb, Charles S. [D-VA], Sen. Collins, Susan M. [R-ME], Sen. Boxer, Barbara [D-CA], Sen. Santorum, Rick [R-PA], Sen. Sarbanes, Paul S. [D-MD], Sen. Snowe, Olympia J. [R-ME], Sen. Feinstein, Dianne [D-CA], Sen. Bingaman, Jeff [D-NM], Sen. Lautenberg, Frank R. [D-NJ], Sen. Durbin, Richard J. [D-IL], Sen. Jeffords, James M. [I-VT], Sen. Grams, Rod [R-MN], Sen. Specter, Arlen [R-PA], Sen. Johnson, Tim [D-SD], Sen. Dodd, Christopher J. [D-CT], Sen. Leahy, Patrick J. [D-VT]

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Program for Investment in Microentrepreneurs Act of 1999 - Amends the Reigle Community Development and Regulatory Improvement Act of 1994 to add to title I a new subtitle C, which may be cited as the Program for Investment in Microentrepreneurs Act of 1999. Directs the Administrator of the Community Development Financial Institutions Fund to establish a microenterprise technical assistance and capacity building program to provide Fund grants to qualified non profit organizations to: (1) provide training and technical assistance to disadvantaged entrepreneurs; (2) provide training and capacity building services to help microenterprise development organizations and programs develop microenterprise training and services; and (3) aid in researching and developing the best practices in the field of microenterprise and technical assistance programs for disadvantaged entrepreneurs. Sets forth an allocation formula for such assistance and for grants benefitting very low-income persons, including those residing on Indian reservations. Authorizes a qualified organization to provide subgrants to small and emerging microenterprise entities. Mandates matching funds from non-Federal sources. Authorizes appropriations.

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

Timeline

  1. 10 February 1999

    Introduced

    Read twice and referred to the Committee on Banking.

    Source: IntroReferral

  2. 10 February 1999

    Introduced

    Sponsor introductory remarks on measure. (CR S1430-1431)

    Source: IntroReferral

  3. 10 February 1999

    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 · 10 February 1999

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 10 February 1999

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 10 February 1999

    Open at official source

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Sponsors

Related records

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Sources

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