This page contains bill sponsorships in the Senate and House.
Bill sponsorships indicate the topics that legislators are most interested in, and spend the most time on.
Decided Apr 17, 2002
Bill Sponsorship: the Microloan Program Improvement Act
Source: Bill sponsored by 19 Senators
Amends provisions of the Small Business Act concerning the Microloan program (a program of start-up loans to small businesses) to:
remove the requirement that such loans be short-term;
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
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.
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